Modern Times Group AB MTGB SS
The ongoing situation with COVID-19 (coronavirus) has impacted the markets and caused a broad sell-off, including on many of our Model Portfolio names. We have reevaluated each stock in the MP with regard to how the outbreak impacts our expectations and target prices, and provide those updates inside.
16 March 2020
With a buzz in the market as we gain more clarity regarding the upcoming 6 Spinoffs expected to take place by March 2020 (with another 4 by April) via filing their prospectus (such as Otis and Carrier), we look back at two high conviction names in the Portfolio that warrant a second look post their earnings. For a link to the new Spinoff filings as well as the current ideas, click inside.
11 February 2020
While Modern Times Group MTG AB (MTGB SS) saw a -3% drop the day after its Q4FY19 and FY19 earnings report on February 6, 2020, the company still has positive catalysts ahead. The earnings drop was primarily due to a fallen-through partnership with Tencent-backed Huya, Inc. (China's game stream leader); however, two potential catalysts for MTGB include a US listing (which the management has been mulling over) and the sale of the online gaming segment. Read on for more.
10 February 2020
Since our Spinoff & Catalyst Investing Conference on Nov 21, two Model Portfolio names that were presented on the day are creating returns after just over a week. Modern Times Group (MTGB SS), global e-Sports player, is up +10% while Bed Bath & Beyond (BBBY) is currently up +17% since the conference. For more on these names and what’s coming up, click inside.
02 December 2019
Last week Thursday (Nov 21), our third half-day Spinoff & Catalyst Investing Conference at the Penn Club in NYC was a huge success as we brought together experienced investment professionals, each delivering their views on how to make the most of this undercovered area. Click inside to uncover the names presented at our conference and the hidden value being ignored.
25 November 2019
Alongside its Q3FY19 earnings results on October 29, Modern Times Group AB (MTGB SS) announced the initiation of a strategic review of its gaming vertical, potentially leading to an additional listing in the United States (currently one of the biggest e-sports markets in the world). This would be the first pure-play e-sports business listed in the United States and widen the gap between MTGB and its peers in the space. Meanwhile, the anticipated launch of 5G will bring in additional revenue.
15 November 2019
While its Q2FY19 results were hampered by the cut of their FY19 revenue guidance, Modern Times Group AB (MTGB SS) is in a strong position to reap the benefits as a leader in the e-sports and online gaming space. With no debt, $220m cash-in-hand and a $30m Venture Capital fund ready to deploy, MTG remains as a compelling early-entry opportunity, especially with this recent slump in stock price.
23 July 2019
Last week witnessed strong insider buying into a forgotten John Malone split-off (LILA), newly announced Spinoffs added to the calendar (TIVO and ENSG) as well as Alerts on the upcoming Spinoff of VF Corp (VFC) and Kontoor Brands, Inc. (KTB) this week. Due to the amount of index selling, we expect weakness in KTB post-Spin, and investors should judge their involvement based on our valuations. Click here for more.
20 May 2019
As Spinoffs are coming back into favor from their low enthusiasm in 2018, this creates great opportunities ahead. Areas of interest are the upcoming Spinoffs (KTB and CTVA), fallen Spinoffs (such as CARS) and our recent proprietary data, which highlights that Large Cap Spinoffs show a +55% absolute return (three Spinoffs in question – ATUS, DOW and FOXA). Click here for more.
13 May 2019
Modern Times Group AB (MTGB) has trimmed out its traditional broadcasting businesses (Nova Broadcasting via sale for $187m and Nordic Entertainment (NENT) via Spin on March 28), making it a pure-play global digital entertainment business and a leader in the e-sports and online gaming space. The future is bright, with $220m cash-in-hand and a $30m Venture Capital fund ready to deploy minority investments. This is a compelling early-entry opportunity in a 26% CAGR industry.
09 May 2019