TRUFIN (TRU) – Media
| Price: 123.7p +4.8% | P/E: 19x |
| Market Cap: £120m | Yield: n/a |
AIM-listed conglomerate TruFin – which brings together niche lending, early payment services and games publishing – has raised its guidance again thanks to strong sales of its back catalogue and its latest game, Unbeatable.
For the year to December 31, revenue, EBITDA and pre-tax profit are now expected to be ‘materially’ ahead of previous expectations.
Not only that, the firm’s cash position is likely to be bigger than expected so the board will consider how to allocate any surplus, including potentially returning it to shareholders ‘in a disciplined and value-enhancing manner’.
Our View
We’ve always liked TruFin for its games publishing business, which alone justifies the valuation (bear in mind the company has no debt).
We take the statement as a not-so-subtle hint the firm will announce a buyback with its FY25 results next March.
Read the press release here: https://trufin.com/investors
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