Home > Blog > Research > Research Report: BMIT Technologies plc
“We are issuing a Buy stance on BMIT with a price target of €0.51. BMIT, currently a fully owned subsidiary of GO plc, is in the process of issuing up to 49% of its shares to the public, with the shares expected to commence trading in February 2019. The Company is primarily engaged in the provision of data centre services. BMIT services the major players of the Maltese gaming industry, representing around 75% of the Company’s total revenue. The Company is currently in the process of developing a new data centre in Zejtun, which is expected to be completed in 2020, with GO plc already secured as an anchor client. The inherent risk of the gaming sector portray the main threat to the Company. We are of the opinion that the Company is fairly valued at €99.8 million and offers an attractive forward dividend yield of 4.3%.” Click HERE to access the full report.

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