Bigben: Oddo upbeat ahead of strategic plan
(CercleFinance.com) - An analyst at Oddo this morning says that he is maintaining "a positive opinion" on Bigben, saying that the group's acquisition of Cyanide "will generate sales and underling EBITDA - even in the time frame when teams will finish developing games for competing (software) publishers".
The broker deems that there is a limited risk of disappointment in FY 2018/19: the guidance revenues of at least 50 million euros from Software publishing only integrates a little from the release of the most expensive game ever published by Bigben, the broker points out.
However, Oddo is waiting for the group's presentation of a plan through to 2022 in November, which will "better identify future synergies to be generated from the acquisition of Cyanide."
The analyst has therefore confirmed his recommendation "Buy" rating on the share, as well as his target price of 19 euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker deems that there is a limited risk of disappointment in FY 2018/19: the guidance revenues of at least 50 million euros from Software publishing only integrates a little from the release of the most expensive game ever published by Bigben, the broker points out.
However, Oddo is waiting for the group's presentation of a plan through to 2022 in November, which will "better identify future synergies to be generated from the acquisition of Cyanide."
The analyst has therefore confirmed his recommendation "Buy" rating on the share, as well as his target price of 19 euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.