Casino News: Investors Can Find Real-Under Valued Gems In Online Gaming

Investors Can Find Real-Under Valued Gems In Online Gaming

 April 18, 2007, 10:22 pm (11 years ago)
Rupert Morell, an investment manager, believes that online gambling stocks are actually undervalued following the controversy that has took place over the online gambling last year, which was when the United States Congress outlawed the credit card and also the money transfer companies from actually accepting payments to gambling websites.
Rupert Morell intends to do something about it as well, according to City Wire which quotes the head Premier’s GBP thirteen million European Growth Fund, by saying “no one is in this sector anymore, since everyone said that’s it for online gambling last October. But there are real under valued gems here”.
Since June of 2005, when Morrell took over, the thirteen million pound European Growth Fund has enjoyed a strong performance, but has actually only matched the average manager in the IMA Europe ex-UK sector over the year that has passed due to poor market timing and stock ideas, especially in Eastern Europe.
Morrell intends to improve the Fund’s position by actually getting into the Austrian company that goes by the name Bwin Interactive and Swedish online gaming company Unibet. Morrell actually told City Wire that his choices have no exposure to the United States and have impressive valuations following the global sell off. However Unibet has one million active customers in Europe and it is trading on a price earnings ratio of nine. It also has a seven percent dividend yield.
The actual gaming stocks fit into the large forty three point seventy seven percent other weighting of the fund, which is actually made up of an eclectic range of stocks that are favored by Morrell, such as Semapa which is a Portuguese cement producer that actually has a sixty eight percent stake in pulp as well as paper manufacturer Portugal. He also has several alternative energy stocks as well.
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