This is a really nice share for the dividend topi, thank you very much for your effort and for presenting it. Of course, that's an extra jar of jam 😇😉. I don't need to say much more about the figures, they speak for themselves and have already been commented on in detail. The topic of regulation has been addressed. In IGaming, this is a very fragmented issue and each market has its own requirements. Hackshaw is already well organized here and has the relevant experience. In the long term, this leads to customer loyalty, less competition due to barriers to entry and corresponding margins. This is where the capex is increasingly flowing, especially in the modularization of the platform to open up the various markets and pay the license fees. I see the expanded focus on the USA and Brazil as positive and will have a corresponding impact on the overall result. However, regulation is not only a risk factor but also a moat. Smaller providers, even if they are regionally limited, will hardly be able to overcome these hurdles and the large established providers will dominate the market. Countries such as the UK, Sweden, Ontario and soon Brazil offer clear rules, predictable revenues and reliable partners in the form of licensed casinos. This is predictable and leads to better multiples. Of course, a change in regulations can also temporarily dampen growth, but I don't see this as a sticking point. The second point that was mentioned is the departure of CEO and founder Källberg. This is temporarily causing a certain amount of uncertainty, as can be seen from the share price performance. The market just doesn't like surprises. I don't see this as dramatic and it does happen in such phases. There were also no negative signals, communication was clear, there were no compliance problems, no scandal, no operational crisis. Källberg built up the organization, carried out a successful IPO and the figures were great. The build-up phase is now complete and the company is moving one step further, with a clear focus on further significant growth. The change may well have been strategic. Away from the founding genes, towards corporate genes. Of course, a lot depends on the successor, ideally with experience in the industry. And the future strategic direction can already be seen. The interim CEO with M&A experience and the founding of Hackshaw Ventures indicate the direction in which things will increasingly be heading. For me at least, the brief uncertainty is a good time to put my foot in the door and get in with a first tranche.
•
55
•
@Dividendenopi Thank you for all your work and research. It is also reassuring when such a company is also checked in the four-eyes principle
•
33
•@Tenbagger2024 That was a few more eyes 😉And everyone has their own view of things. There is agreement on the figures, but everyone has their own view on the other issues and, based on this and the fundamental information, everyone now has the opportunity to decide for themselves
•
33
•@Dividendenopi As a thank you, you will receive a dividend stock from Norway tomorrow
•
33
•
@Dividendenopi Swedish withholding tax is not exactly our friend.
•
11
•@dirko68 I know that, the refund application is just as easy as in Norway. In contrast to Norway, you can apply for an advance exemption for Sweden with several brokers in Germany.
•
33
•