Sign up Australia
Proactive Investors - Run By Investors For Investors

Veltyco Group looking to grow organically and with acquisitions

Veltyco Group (LON:VLTY) sees good growth prospects ahead and is looking to advance both organically and via acquisitions.
Speaking to Proactive Investors, chairman David Mathewson emphasised the group's role in the  growing online gaming space.
"We are not an operator. We are a marketing company," he said, explaining that its expertise brings customers to operator sites, where it is rewarded by a revenue share.
The group had an initial public offering at the end of June when it listed on AIM after a reverse takeover process.
The group is cash generative, has no gearing, said Mathewson, and is looking to expand away from just Europe as the whole gaming market grows.
Conversations on further acquisitions are ongoing and the firm is actively looking at different continents, he added.

 
Meet Legend Mining Ltd, Nexus Minerals Ltd, Tyranna Resources Ltd and Global Health Ltd at our event, Sydney , 23 July 2018. Register here »
View full PROAC profile View Profile

Proactiveinvestors Timeline

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use