Report

The NAGA Group - Termination of coverage

Edison Investment Research is terminating coverage on:

• 2G Energy (2GB)
• Apontis Pharma (APPH)
• Artec technologies (A6T)
• Beta Systems (BSSA)
• Blue Cap (B7E)
• Cyan (CYR)
• Consus Real Estate (CC1)
• Daldrup & Soehne (4DS)
• DATAGROUP (D6H)
• Datron (DAR)
• Delignit (DLX)
• Deutsche Börse (DB1)
• Deutsche Grundstücksauktionen (DGR)
• Deutsche Rohstoff (DR0)
• DVS Technology (DIS)
• Edel (EDL)
• Ernst Russ (HXCK)
• Exasol (EXL)
• expert.ai (EXAI/EXSY)
• Fashionette (FSNT)
• Formycon (FYB)
• Forward Industries (FORD)
• Helma Eigenheimbau (H5E)
• IBU-tec (IBU)
• JDC Group (JDC)
• Lloyd Fonds (L1OA)
• Media and Games Invest (M8G)
• Mensch & Maschine Software (MUM)
• mic (M3B)
• MPC Münchmeyer Peterson/MPC Capital (MPCK)
• mVISE (C1VX)
• Nabaltec (NTG)
• Noratis (NUVA)
• Nürnberger Beteiligungs (NBG6)
• Nynomic (M7U)
• Ökoworld/Oekoworld (VVV3)
• PANTAFLIX (PAL)
• publity (PBY)
• RCM Beteiligungs (RCM)
• Scherzer & Co (PZS)
• SGT German Private Equity (SGF)
• The NAGA Group (N4G)
• Vectron Systems (V3S)
• Veganz (VEZ)

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.
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.

Provider
Edison Investment Research
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.

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Analysts
Pedro Fonseca

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