How to make your company worth millions in a few months 19th Nov 2014 13:18:15

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The Toronto-based gambling product provider Intertain Group Ltd. is making huge leaps in expanding their business in the industry.

In June, Intertain began its expansion with the purchase of British online bingo website company Mandalay Media, and this month they have made an agreement to buy the Vera&John online casino operator in order to make it available for the Nordic countries.

“We wanted to diversity our revenue away from the U.K.,” Intertain’s chief executive officer John FitzGerald said in an interview.

The company has set a goal to purchase two businesses each year, with a focus on games popular among the female demographic. That is a part of their expansion tactic that is set to set the company apart from the competitors that target the male audience.

The plan has gained them a lot of money in recent months and that made their investors very happy. It has taken the she company shares two months to grow more than 200% since going public at $4 in February 2014.

The investors believe in the company’s economic strategy and rely on the popular field that online gambling is. Intertain provide blackjack, roulette and other online casino software, mainly on the British market.

The Clarus Securities analyst Eyal Ofir has a $14.30 price target on the Intertain Group LTD stock and says: “You’re paying the higher end of the range, but you’re gaining the upside of additional M&A [mergers and acquisitions],”

The S&P Capital IQ say the consensus price target of the stock for the next year is $14.34 and all the 6 analysts who cover the company call it a “buy”, which means that the price will continue to increase.

“If you’re willing to invest in publicly traded casino operators, you should be willing to invest in an online casino operator like Intertain, which only operates in regulated jurisdictions,” Mr. Ofir said.

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