NetPlayTV (AIM:NPT) – encouraging trading update suggests things are improving
The operator of a number of interactive gaming services including SuperCasino.com, Jackpot247.com and Vernons.com has issued an encouraging trading update after a difficult 2014.
The AIM listed group announced its 2014 Q4 KPIs: - 4% increase in new depositing players to 16,249 (Q4 2013: 15,648) - 3% increase in active depositing players to 33,073 (Q4 2013: 32,163) Full year underlying results are expected to be in-line with current market expectations, which are for adjusted pre-tax profit of £3.3m and eps of 1.1p. Based on the current share price of 7.75p that’s clearly a very modest rating for a business that is forecast to have net cash of approximately £14m at year end. The forecast 2015 EV/EBITDA is only 2.2x. The Group has now completed…