2019 results demonstrated consistent organic growth, strong delivery on acquisitions and high cash conversion. We believe there is upside to 2020 expectations since our forecasts are below Q1 run rates, historic growth trends and acquisition synergy targets. In addition, CentralNic appears well positioned to complete more earnings accretive acquisitions. The company is developing a track record of successful execution while the current environment makes more acquisition opportunities available.
27 Apr 2020
CentralNic (CNIC LN) - Centred on performance
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CentralNic (CNIC LN) - Centred on performance
Team Internet Group plc (TIG:LON) | 144 1.7 0.8% | Mkt Cap: 375.1m
- Published:
27 Apr 2020 -
Author:
Bob Liao, CFA -
Pages:
11
2019 results demonstrated consistent organic growth, strong delivery on acquisitions and high cash conversion. We believe there is upside to 2020 expectations since our forecasts are below Q1 run rates, historic growth trends and acquisition synergy targets. In addition, CentralNic appears well positioned to complete more earnings accretive acquisitions. The company is developing a track record of successful execution while the current environment makes more acquisition opportunities available.