Edison Investment Research - The Naga Group (N4G) The NAGA Group - High trading momentum maintained

Report

Edison Investment Research

Pedro Fonseca

The NAGA Group - High trading momentum maintained

NAGA Group continues to benefit from retail investor activity and volatility in financial markets, further underpinned by its social trading functionalities (trade copy feature in particular). Consequently, after completing its restructuring in FY19, NAGA posted a positive EBITDA and a small net profit in FY20, with management now guiding to robust FY21 sales of €50–52m (€24.5m was already generated in H121) and EBITDA of €13–15m. Recently, it also secured further funding through convertible bonds with a volume up to €25m (of which €8.0m has already been issued).

02/08/2021 5 EN

Underlying

The Naga Group

Naga Group AG is a Germany-based company, which is engaged in the development and marketing of applications in the area of financial technology. The Company's products include NAGA TRADER, a social trading application that allows users to trade foreign exchange (ForEx), indices, equities and cryptocurrency Contracts for Difference (CFDs) by copying other trades; NAGA VIRTUAL, a platform for trading in virtual objects from online games; NAGA COIN, a social trading platform for the NGC cryptocurrency; NAGA WALLET, a multi-currency payment gateway for cryptocurrencies and digital money; NAGA EXCHANGE, a cryptocurrency exchange network, and NAGA ACADEMY, an online learning portal for traders. The Company has offices in Germany, Spain, Bosnia and Herzegovina, and Cyprus.

See profile

DE000A161NR7 Frankfurt Stock Exchange Germany

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

See profile

Analysts

Pedro Fonseca

Other Reports on these Companies

EQS Group AG

EQS-News: The NAGA Group: Investment Note from Montega available – Profitable growth ahead following transformative merger

EQS-News: The NAGA Group AG / Key word(s): Research Update The NAGA Group: Investment Note from Montega available – Profitable growth ahead following transformative merger 11.03.2025 / 12:45 CET/CEST The issuer is solely responsible for the content of this announcement. The NAGA Group: Investment Note from Montega available – Profitable growth ahead following transformative merger Hamburg, 11 March 2025 – The NAGA Group AG (XETRA: , ISIN: ), the provider of the all-in-one financial SuperApp, has been thoroughly analyzed and evaluated in Montega Research’s initial investme...

March 11, 2025 March 11, 2025 1 EN

EQS Group AG

EQS-News: The NAGA Group: Investment Note von Montega verfügbar – Nach transformativem Zusammenschluss profitables Wachstum voraus

EQS-News: The NAGA Group AG / Schlagwort(e): Research Update The NAGA Group: Investment Note von Montega verfügbar – Nach transformativem Zusammenschluss profitables Wachstum voraus 11.03.2025 / 12:45 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. The NAGA Group: Investment Note von Montega verfügbar – Nach transformativem Zusammenschluss profitables Wachstum voraus Hamburg, 11. März 2025 – The NAGA Group AG (XETRA: , ISIN: ), Anbieter der All-in-One Finanz-SuperApp NAGA, wurde in der Initial Investment Note von Montega Research umfa...

March 11, 2025 March 11, 2025 1 DE

BusinessWire

Le groupe NAGA devient le premier courtier international à offrir aux investisseurs individuels un accès direct à la Bourse de Bucarest

HAMBOURG, Allemagne--(BUSINESS WIRE)-- Le groupe NAGA AG (XETRA : , ISIN : ), fournisseur de la SuperApp financière tout-en-un, a lancé avec succès dans sa plateforme d'investissement, l'intégration des actions cotées à la Bourse de Bucarest (BSE). Avec cet élargissement de son portefeuille de produits, NAGA devient le premier courtier de détail mondial à fournir un accès direct aux actions roumaines, facilitant ainsi les investissements de détail à la BSE à l'internationale. Ce faisant, NAGA permet à ses clients de diversifier leurs portefeuilles avec des secteurs de l'économie roumaine en pl...

March 4, 2025 March 4, 2025 1 FR

Manx Financial Group - Termination of coverage

Edison Investment Research is terminating coverage on Manx Financial Group (MFX). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

March 10, 2025 March 10, 2025 1 EN

Kate Heseltine

Kate Heseltine

musicMagpie - Termination of coverage

Edison Investment Research is terminating coverage on musicMagpie (MMAG). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

March 5, 2025 March 5, 2025 1 EN

Kate Heseltine

Kate Heseltine

Topps Tiles - Accelerating growth through Q125

Topps Tiles (TPT) is enjoying a return to revenue growth following a very challenging FY24 due to wider macroeconomic weakness. The company’s recovery is clearly being boosted by new revenue streams from its self-help initiatives, notably from trade and online customers across all of its brands. While the macroeconomic environment remains uncertain, it is pleasing that the strategy is supporting growth. The valuation continues to look compelling, even with limited macroeconomic recovery included in management’s long-term financial goals. With the Q125 trading update, the CEO has announced his ...

January 10, 2025 January 10, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN