Added to YB: 2026-07-30
Pitch date: 2026-07-28
EVVTY [neutral]
Evolution AB (publ)
+0.16%
current return
Author Info
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Company Info
Evolution AB (publ) develops, produces, markets, and licenses live casino and slots solutions to gaming operators in Europe, Asia, North America, Latin America, and internationally.
Market Cap
SEK 13.0B
Pitch Price
SEK 750.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.37
P/E
12.75
EV/Sales
5.80
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Is Kenneth Dart Taking Evolution Gaming Private?
EVVTY (trimmed): Kenneth Dart's Candle Lake crossed 30.02% voting stake (32%+ w/ swaps), triggering Swedish takeover rules; stock +7%. Author expects lowball offer, needs 90% for squeeze-out. Trades 11-12x earnings; core biz deteriorating, mgmt failing to fix issues. Trimmed to fund TPB, plans to reduce at $85-90. 4.5% of portfolio.
Read full article (3 min)