OM:BETS BHospitality
Betsson (OM:BETS B): Valuation Check After Major Buyback, New Bond Issue and Early Redemption Move
Betsson (OM:BETS B) is making two clear capital allocation calls at once, stepping up its share buybacks while also refinancing debt and triggering early redemption of its 2023 and 2026 bonds.
See our latest analysis for Betsson.
Those buybacks and bond moves land after a choppy spell, with the share price at SEK 145.6 and a modestly positive year to date share price return. The three year total shareholder return of 103.35 percent suggests underlying momentum is still intact even if shorter...