Cherry started 2017 in the same way as they ended 2016, at a high phase. Game Lounge saw a significant pick-up in revenues, Yggdrasil continues to deliver and Come On! grew heavily while XCaliber signed their first client.
The company continues to impress us and following the strong report we have made some positive forecast adjustments which result in an increased estimated Base-case value. We believe that the market continues to underestimate Cherry's long-term prospects.
Read more and download the Research Update by Kristoffer Lindström at: https://goo.gl/xPOyJc
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