Veltyco (VLTY)

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Veltyco VLTY Logo

The online marketing company for the gaming industry.

11-Oct-2017

eSports Partnership – I am getting quite involved in the eSport “revolution” (I mean in terms of investments only). I see this partnership as good news for Veltyco and although I don’t agree with some of their activities (e.g. Binary betting).

On a PER of 13.6 this could be potentially a bargain entry point.

I have opened an initial Long position here this morning.

28-Nov-2017 – 74p – £55m – PER 9.42

Trading Update – “Trading since the interim results has remained strong. Given current levels of business, the Board expects revenue and EBITDA to be significantly ahead of market expectations for the year ended 31 December 2017” and “The Board is also pleased with the recent investment in eSports.com which is already showing great promise and is anticipated to contribute to the growth of the Company in the years to come”.

I am a holder here and remain so.

5-Feb-2018 – 80.6p – £60.0m – PER 10.2

Trading Update For The 12 Months To End December 2017 – Board expects FY results to be significantly ahead of market expectations with net revenues in excess of €14.5 million (2016: €6.1m) and the operating EBITDA for the full year 2017 in excess of €8 million (2016: €2.1m).

Now I wish I hadn’t sold out in December. Just generally uncomfortable with the whole Binary Options, on-line casino, betting area, etc. at the moment. Well done to those who held on.

7-Jun-2018 – 75p – £56.1m – PER 9.50

Results For The 12 Months To End December 2017 – Revenue up 165% to €16.2m (2016: €6.1m), Operating EBITDA for the year up 260% to €8.1m (2016: €2.2m) and there’s a proposed Maiden Dividend of 0.25p. Current YTD Revenue is up 60%.

Held here and sold out and although this looks impressive I will continue to avoid the Binary Options, on-line casino, betting area, etc. at present – I’m Neutral.

26-Jul-2018 – 64.5p – £48.3m – PER 7.68

Trading Update For The 6 Months To End June 2018 – In-line.

I remain Neutral, not really wanting to get involved in this section of the market at present.

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