The NAGA Group

DB: N4G

€37.8m market cap

€0.94 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 initiated a restructuring process in April 2019 and will now focus on its only profitable product, Naga Trader. For FY19, the company guides to a substantial decrease in revenues from advisory services to Naga Development Association (NDAL). This is accompanied by a €1.8m value adjustment on receivables from NDAL in FY18. This is the result of weak market conditions (particularly in cryptocurrencies), according to the company. Consequently, the targeted expansion of a complete NAGA ecosystem will be postponed.

Sector
TMT
Share price graph
Price performance
%
1m
3m
12m
Actual 0.4 (39.9) (56.5)
Relative* (0.7) (40.3) (55.7)
52-week high/low €3.1/€0.8
*% relative to local index
Key management
Yasin Sebastian Qureshi CEO