NetPlay TV (AIM:NPT) - harsh share price reaction
The AIM quoted interactive gaming company, announced what appeared to be reasonable interim results for the six months ending 30 June 2014 in the face of a tricky market. We sense the CEO's move to Non-Executive Chairman and his desire to pursue other opportunities has not gone down well!
Here are a couple of broker reviews..
N+1 Singer - House Broker
The interims reflect what was essentially communicated in the July update. Critically there is an improving picture in Q3. While July remained difficult, August saw an improvement and early September is showing strength. Q3 net revenues are up 6% so far this quarter. While this is behind what we were forecasting, the improving trading trend, focus on marketing efficiency and the Q4 new product launch program support our full…
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