Stock commentary
Shutting Three Gates after the bulls have bolted
There is a new(ish) Nordic issue in town, see the documentation yourselves here. This is how I unpack what is presented:
History Three Gates is a company, founded in 2011 and which listed originally in 2016. It now has 600 investors. The majority of shares is held by founders and some private equity firms and directors. For a Swede the coolest thing about them is they are based in Gotland in the middle of the Baltic Sea, imagine the Iron Islands but with fibre.
Production this is solid, repeatable games production company with a clear niche that allows them to follow a segment of gamers and know their market better than others, the fishing, hunting, sports segment of the market is not a sexy segment (if you ask me) but they have found their niche and some interesting cooperation partners and good luck to them.