Toadman Interactive: A fairy tale transformation - Redeye

Friday, December 20, 2019 7:06 AM
Redeye initiates coverage of Toadman Interactive, a one-stop-shop for the entire gaming value chain. Our positive stance reflects management's untypical focus on cash flow generation alongside game development, enabling it to fund a pipeline of new releases and increasing the likelihood of blockbuster commercial successes.

We believe the market is yet to fully grasp the transformation Toadman has undergone, which, in our view, leads to an attractive valuation of the company. We see a substantial potential from today's share price level.

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