11.11.2019: Media and Games Invest plc: First Berlin and GBC Research start coverage and see clear share price potential
Monday, November 11, 2019 — NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR WITHIN THE USA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER COUNTRY IN WHICH SUCH PUBLICATION WOULD BE UNLAWFUL
Media and Games Invest plc: First Berlin and GBC Research start coverage and see clear share price potential
11 November 2019 – First Berlin Equity Research and GBC Research have commenced coverage of Media and Games Invest plc ("MGI", ISIN: MT000000580101; Symbol: M8G). In their initial study, the analysts of GBC Research issued a buy recommendation with a target price of 1.90 Euro, while the analysts of First Berlin issued a buy recommendation with a target price of 2.10 Euro. This means that the Media and Games Invest share is currently expected to have a price potential of over 70 percent. According to the analysts, MGI has excellent growth opportunities.
About Media and Games Invest plc:
Media and Games Invest plc, MGI, is a fast and profitably growing company focusing on a "buy, integrate, build & improve" strategy through organic growth and acquisitions in the media and games markets. Technology is actively used to create efficiency improvements and competitive advantages within the group. Synergy and integration potentials are important criteria for the expansion of the portfolio. The most important investments include gamigo AG, a fast-growing gaming and media company , ReachHero GmbH , a leading influencer SaaS platform, Applift GmbH , a leading media company specializing in mobile advertising, and Pubnative , an SSP platform for mobile advertising. Media and Games Invest is listed on the Frankfurt Stock Exchange and on XETRA.
This press release and the information contained herein are not for distribution in or into the United States of America (the "United States"), Canada, Australia, and Japan. This document does not constitute an offer to sell or a solicitation of an offer to buy any securities (the "Shares") of Media and Games Invest plc (the "Company") in the United States. The shares of the Company are not and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of Media and Games plc or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of Media and Games invest plc and the companies associated with it may deviate significantly from the estimations presented here. Neither Media and Games Invest plc nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.
Axel Mühlhaus / Dr. Sönke Knop
Tel. +49(0) 69/905505-51
E-Mail: [email protected]
Media and Games Invest plc
Sören Barz, Investor Relations
St. Christopher Street 168
Valletta VLT 1467
E-Mail: [email protected]