Intuitive Investments Group Sells Sanondaf to Focus on Hui10 Expansion

Intuitive Investments Group Plc ( (GB:IIG) ) just unveiled an announcement.

Intuitive Investments Group plc has completed the sale of its entire holding in Touchless Innovations Limited, known as Sanondaf, to the original owner, Stuart White. This strategic move allows IIG to concentrate on its largest investment, Hui10 Inc, a technology company driving digital transformation in the Chinese lottery market. The sale, valued at £0.9 million, involved the transfer of 753,895 IIG shares back to the company, which will be used to settle outstanding share option awards through IIG’s newly established Employee Benefit Trust. This decision underscores IIG’s commitment to focusing on Hui10’s expansion, which promises substantial revenue growth and increased shareholder value.

Spark’s Take on GB:IIG Stock

According to Spark, TipRanks’ AI Analyst, GB:IIG is a Neutral.

Intuitive Investments Group Plc faces considerable financial challenges, with declining revenues and negative cash flows posing significant risks. The weak technical indicators and overvaluation concerns further weigh on the stock. However, recent corporate events, particularly Hui10’s strategic expansions, offer potential growth avenues that could provide future upside if successfully executed.

To see Spark’s full report on GB:IIG stock, click here.

More about Intuitive Investments Group Plc

Intuitive Investments Group plc (IIG) is an investment company focusing on fast-growing and high-potential technology and life sciences businesses, primarily in the UK, continental Europe, the US, and APAC. The company aims to generate long-term capital growth for its shareholders by leveraging the Board’s experience.

Average Trading Volume: 28,711

Technical Sentiment Signal: Sell

Current Market Cap: £226.9M

For a thorough assessment of IIG stock, go to TipRanks’ Stock Analysis page.