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Search resuls for: "Vera German"


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While NCsoft shares are only traded in South Korea, they are accessible to U.S. and European investors through ETFs. The company's shares have been hit hard over the past few years, with the stock price declining significantly from its peak in 2021 and falling 40% over the past 12 months. German, co-manager of the Emerging Market Value strategy at Schroders , attributes the sell-off to several factors. In addition, NCsoft also announced a cost-cutting program and a share buyback program earlier this month which have already boosted the company's stock price by around 10%. Most analysts have a hold rating on the stock, giving shares only a 2% upside, according to FactSet data.
Persons: Vera German, NCsoft, Nexon Organizations: Esports, CNBC Pro, Investor Conference, South Korean Locations: Korean, South Korea, London, Korea
Shares of a global video game developer are currently being overlooked by the market and are up for grabs at a "very cheap" price, according to Schroders fund manager Vera German. The company's shares have been hit hard over the past few years, with the stock price declining significantly from its peak in 2021. It has fallen by 40% over the past 12 months alone. The value investor believes that the company is well-positioned for future growth as it has a net cash of $1.1 billion and a strong cash flow generation. CNBC Pro subscribers can read more here.
Persons: Vera German, — Ganesh Rao Organizations: CNBC
Total: 2