No one has missed that the hot gaming industry has become even hotter in connection with the covid pandemic?
Adverty is an NGM-listed in-gaming company that is riding on this hot gaming boom. The company’s business concept is to bring brands and people together through its revolutionary advertising technology built for games.
The platform, which is supported by patented technology, has been tailored for the gaming industry and allows creators and developers to take advantage of the gaming experience with unobtrusive, easy-to-integrate and seamless ads. The discreet ads are visible in both in-play and in-menu. The company was founded in 2016 and has offices in Stockholm, London and Lviv.
*Industry data provide clearer indications that gaming has become one of the most important media channels for entertainment. According to the latest figures from the gaming market analysis company NewZoo, the global gaming market currently has about 2.7 billion users and is valued at 160 billion.* It is estimated to grow to 3.1 billion users and a value of over 200 billion by 2023.
Adverty has created a channel for brands to reach a target group that today consumes largely all their entertainment via mobile phone or tablets.
In October, the company raised SEK 20m to “attack” the market more quickly:
https://news.cision.com/se/adverty-ab/r/adverty-har-genomfort-en-riktad-nyemission-av-units-och-tillfors-20-25-msek-med-mojlighet-att- tillfo, c3225784
The subscription price was SEK 4.50 and before 2020 was over, the market had bought up the Adverty share to a maximum of SEK 15.60, a slight increase of approx. 250%.
2021 has, however, offered recovery and at the time of writing the share is at SEK 10.50.
Redeye released an interesting analysis on Dec 14 where I highlight the following:
”We forecast exceptional sales growth starting in 2021.
Turnover forecast:
2021 6,5 m
2022 22 m
2023 63 m”
The CEO is Niklas Bakos, who has two decades of experience in the mobile gaming industry behind him. He owns 3,123,401 shares = almost 20% of the company, so you can say that he is a real stock market pilot.
communication
Yesterday they came with the following news:
Adverty fortsätter sin snabba expansion med utnämning av finanschef - Adverty AB
New CFO thus and “rapid expansion” underway.
The following line in the PM that the new CFO Anders Rössel utters makes it almost water in the mouths of us shareholders:
“Without exaggeration, Adverty is establishing a new standard for revenue-generating advertising and we expect to see many valuable businesses and strategic partnerships in the future, in both the long and short term.”
And this news delivered on December 11 may prove to be extremely important for the company:
Adverty stärker den programmatiska räckvidden för in-game-annonsering ytterligare genom partnerskap med InMobi - Adverty AB
Partnership with the global, mobile-oriented advertising technology company InMobi to allow more advertisers to take advantage of the market-leading, programmatic in-game offering.
And launch Q1 as soon as the respective technical platforms have been launched, which means that we should be able to read about this launch at any time.
It will be very fun to follow Adverty in the future, I think the company will bombard with all kinds of news!
In terms of target price, Redeye has in its analysis a base case price of SEK 12 and a bull case price of SEK 28.
Considering that we have already been over SEK 15, I would probably like to say that this bull course feels like the right base!
Examples of ads and customer list?
Check out this page:
http://www.advertyfans.com/
Best regards
Carpe Diem