Redeye Update: Mr Green: Growth in Mr Green's house
This is a report with special focus on some of the perceptions about Mr Green among investors. We believe some of the concerns are ill-founded and are clouding the intrinsic value of Mr Green’s operations and future growth possibilities. In the report we examine a handful of factors that we believe will have a positive effect on the growth and valuation of Mr Green in the near future. Some of the areas where we see triggers for growth are within mobile gambling, structural online gambling growth, expansion into new geographical regions, new web and app platforms, listing on Nasdaq Stockholm and more. We believe that the mispricing of Mr Green is also the reason for the high activity of insider buying recently. Our comprehensive review of Mr Green’s operations has led us to adjust our financial projections.
We have also raised our estimated Fair value to (63) 61 SEK per share. Insiders seem to know it, we at Redeye know it and when you read this report, you will also; Mr Green is clearly undervalued..