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(Bloomberg) -- Evolution Gaming Group AB’s top shareholder Richard Livingstone is selling stock worth as much as 5.91 billion kronor ($658 million) in the Swedish company, according to deal terms reviewed by Bloomberg.The British billionaire, who currently owns a 16.4% a stake, is selling 8.5 million shares in an accelerated offering via Morgan Stanley, according to the terms. Evolution Gaming, one of the world’s biggest online casino platforms, closed at 695 kronor on Monday, bringing the stock’s gains to 140% this year.A number of large shareholders have taken advantage of rebounding equity markets to book a profit from so-called lockdown winners, or businesses that have thrived as a result of stay-at-home measures to contain the coronavirus pandemic.The company, which last month made public an offer to buy its smaller rival NetEnt AB in a deal worth $2.1 billion, has benefited more than most from months of lockdowns across much of the...
Polen Capital Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. During the second quarter of 2020, the Polen Global Growth Model Portfolio returned 20.58% gross of fees, while the MSCI All Country World Index was up 19.22%. You should check out Polen Capital’s top 5 stock picks […]...
Second quarter earnings season is upon us, and Wall Street watchers are focused on the results. Weighing in after looking at the initial results, investment firm RBC describes the earnings season as ‘pivotal.’ After the grim results in Q1, investors are hoping for better earnings in Q2, but are girding themselves for the possibility of downward revisions.But for now, at least, the results have been, in RBC words, ‘less bad than feared.’ The firm notes that 56% of the revisions to EPS estimates so far for 2020 and 2021 have been upward. It’s a welcome positive sign, especially considering indicators that economic activity is faltering while COVID cases are rising. Restaurant bookings have stalled, and public transit activity is inconsistent at best. It’s important to remember that Q2 saw lockdowns in April, reopenings in May, and the signs of a feared ‘second wave’ in June.In the mid-term, RBC’s analysts believe that...
Yahoo Finance’s Adam Shapiro and Julie Hyman highlight Monday’s trending headlines....
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]...
Polen Capital Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. During the second quarter of 2020, the Polen Global Growth Model Portfolio returned 20.58% gross of fees, while the MSCI All Country World Index was up 19.22%. You should check out Polen Capital’s top 5 stock picks […]...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]...
