wealth_bakery

Undervalued eSports play breaking out!

Long
wealth_bakery Updated   
TSXV:ESE   ESE ENTERTAINMENT INC
- ESE has reported close to 500% revenue growth in Q2 2021 and has mkt cap multiples below competitors with lower revenue numbers.

- Latest financials do not include the new revenue from Motor Sports acquisition. CEO is projecting major revenue growth to continue in Q3 2021.

- $9.17M in cash. No debt.

- One of the tightest floats in the eSports/Gambling space (60M).

- Upcoming catalysts/acquisitions.
Comment:
It has now formed a Bull Flag on the daily chart. Weekly bullish MACD cross is signalling a start of longer term bull cycle. Watch for a breakout soon, IMO.

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