CentralNic announced the closing of the Codewise acquisition and that the company continues to trade in line with market expectations. We make no changes to our forecasts, which remain at the top end of consensus range. We formally publish our previously estimated consolidated forecasts, where we show over 20% earnings accretion in 2021E and 2022E. We expect ongoing investments to enhance growth opportunities for the group.
02 Nov 2020
CentralNic (CNIC LN) - Acquisition closing and update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
CentralNic (CNIC LN) - Acquisition closing and update
Team Internet Group plc (TIG:LON) | 139 0.3 0.1% | Mkt Cap: 361.4m
- Published:
02 Nov 2020 -
Author:
Bob Liao, CFA -
Pages:
4
CentralNic announced the closing of the Codewise acquisition and that the company continues to trade in line with market expectations. We make no changes to our forecasts, which remain at the top end of consensus range. We formally publish our previously estimated consolidated forecasts, where we show over 20% earnings accretion in 2021E and 2022E. We expect ongoing investments to enhance growth opportunities for the group.