CentralNic's CMD gave us new positive insights into the company's investment case. CentralNic's organic growth is stronger than we thought, the Direct division generates high ROI, the monetisation market was shown to be critical to the domain name market, Team Internet's market leadership was further reinforced and acquisition opportunities were shown to be larger than anticipated. These investment views are not reflected in CentralNic's low valuation multiples, in our view.
29 Jun 2020
CentralNic (CNIC LN) - CMD – Positive new insights
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CentralNic (CNIC LN) - CMD – Positive new insights
Team Internet Group plc (TIG:LON) | 144 0 0.0% | Mkt Cap: 374.9m
- Published:
29 Jun 2020 -
Author:
Bob Liao, CFA -
Pages:
16
CentralNic's CMD gave us new positive insights into the company's investment case. CentralNic's organic growth is stronger than we thought, the Direct division generates high ROI, the monetisation market was shown to be critical to the domain name market, Team Internet's market leadership was further reinforced and acquisition opportunities were shown to be larger than anticipated. These investment views are not reflected in CentralNic's low valuation multiples, in our view.