The NAGA Group

DB: N4G

€26.6m market cap

€0.66 last close

The NAGA Group is a fintech start-up in social trading with two flagship products: SwipeStox (for securities trading) and SWITEX (for in-game items trading), a joint venture with the Deutsche Börse. Headquartered in Hamburg, the company will have 85 employees following the proposed acquisition of the Hanseatic Brokerhouse Group.

Investment summary

NAGA Group has largely completed its restructuring (initiated in April 2019) aimed at cost savings and increased focus on its only profitable product, Naga Trader. Restructuring costs, coupled with market and regulatory headwinds, resulted in weak H119 results. Despite the above, NAGA has maintained its FY19 guidance and expects to see the benefits of its repositioning in FY20. Meanwhile, Fosun Group (NAGA’s major shareholder) has agreed to inject €5m new funding into the company.

Sector
TMT
Share price graph
Price performance
%
1m
3m
12m
Actual (12.0) (23.4) (71.9)
Relative* (16.6) (33.2) (75.7)
52-week high/low €2.4/€0.6
*% relative to local index
Key management
Yasin Sebastian Qureshi CEO