Russian market provides attractive opportunity for turnkey digital platform (CSE:MPLS; FSE 48G)

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Govermedia Plus

Russian market provides attractive opportunity for turnkey digital platform (CSE:MPLS; FSE 48G)

New report on Govermedia Plus by Zacks Small-Cap Research
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Canada’s GoverMedia Plus Canada Corp. is an emerging company that aims to provide e-commerce, social media, cryptocurrency, and blockchain launchpad services in Russia. It has recently made a significant M&A transaction. The company has become a Canadian entity with a wholly owned Russian internet technology operating subsidiary.


GoverMedia’s ecosystem was first established in August 2016 and it launched an enhanced platform in April of 2017, so it is still early days in the company’s development, although GoverMedia strives to be an early mover in the blockchain space. The company has no recurring revenues at this time other than minimal interest income (see figure below). Nevertheless, management is optimistic that it will begin to generate operating revenue as it launches new services, but those will take time to gain traction as GoverMedia develops its market.

If in success the company can attain $10 to $15 million in revenue per annum in the near-term, applying a multiple range of roughly 4.2x to 5.0x implies a price range of $1.00 to $1.25 in the medium-term on 2021E (per management’s expectations) revenue.

Research and Markets estimates that the Russian IoT market will attain a 19.62% CAGR from 2016 to 2023. Research and Markets expects this anticipated market growth to be propelled by advances in communication technology and growing digitalization of enterprise.


Download our FREE report to today, there are only a few ways for investors to gain exposure to this space, GoverMedia is potentially one of them.

New report on Govermedia Plus by Zacks Small-Cap Research
Download Report

https://ih.advfn.com/p.php?pid=nmona&article=77827042

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