1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,360 Speaker 1: Well, let's take a look at some stocks on the 5 00:00:18,360 --> 00:00:20,720 Speaker 1: move today in Europe. I'm Stephen Carroll and I'm joined 6 00:00:20,720 --> 00:00:23,919 Speaker 1: now by Bloomberg's Breaking These editor Chloe Mele Chloe, good morning. 7 00:00:24,000 --> 00:00:27,680 Speaker 1: Good morning, so online by gambling company Evolution. Let's start 8 00:00:27,680 --> 00:00:29,800 Speaker 1: with them shares in the rad what's going on? Yeah, 9 00:00:29,880 --> 00:00:32,720 Speaker 1: so for Evolution is a very interesting story. 10 00:00:32,800 --> 00:00:35,840 Speaker 3: So it's a gambling company and it specializes in live 11 00:00:35,960 --> 00:00:39,920 Speaker 3: online gambling, so essentially providing feeds of games led blackjack 12 00:00:39,960 --> 00:00:42,879 Speaker 3: and roulette for example. And what's happened there is that 13 00:00:43,200 --> 00:00:48,000 Speaker 3: current and former executives were secretly filmed describing how casino 14 00:00:48,080 --> 00:00:52,400 Speaker 3: games made. They were illegally into countries like Iran, Sadan 15 00:00:52,520 --> 00:00:56,040 Speaker 3: and China, and so we're talking about countries that were 16 00:00:56,040 --> 00:01:00,960 Speaker 3: either under US sanctions or we're gambling is elite. So 17 00:01:01,120 --> 00:01:04,480 Speaker 3: a really interesting story that's sending the shares down this morning. 18 00:01:05,160 --> 00:01:07,960 Speaker 3: Evolution makes most of its revenue from players in what 19 00:01:08,000 --> 00:01:12,960 Speaker 3: it describes as unregulated markets, but it doesn't really disclose 20 00:01:12,959 --> 00:01:17,320 Speaker 3: a breakdown by country, which is actually significantly higher than 21 00:01:17,360 --> 00:01:19,640 Speaker 3: some of its piers. So if we took a company 22 00:01:19,720 --> 00:01:24,119 Speaker 3: like Plateech for example, actually ninety two percent of its 23 00:01:24,160 --> 00:01:27,399 Speaker 3: revenues came from regulated markets in twenty twenty four, so 24 00:01:27,400 --> 00:01:30,160 Speaker 3: it seems to be kind of part of that business model. 25 00:01:30,200 --> 00:01:33,120 Speaker 3: And a former executive says in one of the recordings 26 00:01:33,120 --> 00:01:37,640 Speaker 3: that Evolution used intermedia resellers to sell its game at 27 00:01:37,640 --> 00:01:41,960 Speaker 3: to markets like South Korea, Malaysia, Thailand where online casinos 28 00:01:41,959 --> 00:01:44,400 Speaker 3: are actually illegal. So it's a very interesting story and 29 00:01:44,440 --> 00:01:46,680 Speaker 3: definitely something to keep an eye on and see how 30 00:01:46,720 --> 00:01:47,320 Speaker 3: that evolves. 31 00:01:47,480 --> 00:01:49,160 Speaker 4: Yeah, I definitely want to watch there. 32 00:01:49,280 --> 00:01:52,200 Speaker 1: Well, let's go to the insurance space next, Beasley down, 33 00:01:52,320 --> 00:01:53,160 Speaker 1: what's happening there? 34 00:01:53,360 --> 00:01:56,400 Speaker 3: Yes, Beasley is a specialty insurance, so it operates in 35 00:01:56,440 --> 00:02:00,360 Speaker 3: business lines like cyber insurance for example, property insurance, and 36 00:02:00,480 --> 00:02:03,360 Speaker 3: today it cut its growth guidance. It said that market 37 00:02:03,400 --> 00:02:06,080 Speaker 3: conditions were really soft and that was due to very 38 00:02:06,120 --> 00:02:10,400 Speaker 3: strong supply and really high competition. So term, it's facing 39 00:02:10,480 --> 00:02:13,280 Speaker 3: those those kind of key challenges. But if we look 40 00:02:13,280 --> 00:02:15,520 Speaker 3: at a little bit longer term, it did say that 41 00:02:15,520 --> 00:02:18,920 Speaker 3: there was some really interesting and positive catalysts going forward. 42 00:02:19,040 --> 00:02:22,160 Speaker 3: So it said that things like climate change, climate change, 43 00:02:22,320 --> 00:02:26,480 Speaker 3: like cybercrime, like obviously geopolitical insanity, all of these things 44 00:02:26,520 --> 00:02:29,640 Speaker 3: will boost demand for insurance in the long term. So 45 00:02:29,919 --> 00:02:32,160 Speaker 3: one thing in noted, for example, is a business line 46 00:02:32,160 --> 00:02:34,880 Speaker 3: that did actually quite well, which is called Marine Accident 47 00:02:34,960 --> 00:02:39,160 Speaker 3: and Political Risks, so MAP, and that insects with the 48 00:02:39,360 --> 00:02:42,080 Speaker 3: geopolitical story quite a lot. So we're talking about insurance 49 00:02:42,120 --> 00:02:47,520 Speaker 3: for example, across terrorism, across across aviation, war, across cargo lines. 50 00:02:47,960 --> 00:02:50,160 Speaker 4: So all of those things are quite interesting. 51 00:02:50,200 --> 00:02:53,200 Speaker 3: So it seems that the term it's not it's probably 52 00:02:53,240 --> 00:02:55,200 Speaker 3: not as positive, and that's sending the shares down, but 53 00:02:55,280 --> 00:02:58,079 Speaker 3: longer term there might be some some positive catalysts there. 54 00:02:58,520 --> 00:03:01,440 Speaker 1: Okay, and you've also picked out the pish food company Glambia. 55 00:03:01,560 --> 00:03:03,880 Speaker 1: Their shares up all over twelve percent. 56 00:03:04,000 --> 00:03:05,880 Speaker 4: What's going on, Yeah, very good morning for Glambia. 57 00:03:05,960 --> 00:03:09,919 Speaker 3: So it makes protein shakes, protein bars, supplements, and it's 58 00:03:09,919 --> 00:03:12,720 Speaker 3: actually really benefiting from the kind of protein craze that 59 00:03:12,760 --> 00:03:16,400 Speaker 3: we've seen on social media in particular, so people are 60 00:03:16,400 --> 00:03:19,520 Speaker 3: obviously becoming more health conscious, so it's widening the pool 61 00:03:19,639 --> 00:03:22,560 Speaker 3: of potential consumers away from just you know, just athletes, 62 00:03:22,840 --> 00:03:26,360 Speaker 3: and people just want to also just you know, improve 63 00:03:26,400 --> 00:03:28,560 Speaker 3: them performance in the gym or eat healthier, et cetera. 64 00:03:28,680 --> 00:03:31,000 Speaker 4: So on the back of that, Glambia raised. 65 00:03:30,720 --> 00:03:33,480 Speaker 3: Its guidance this morning and it's also announced a fifty 66 00:03:33,520 --> 00:03:37,360 Speaker 3: million euro buyback. One A small area of weakness was 67 00:03:37,400 --> 00:03:41,120 Speaker 3: the performance nutrition segment, where volumes were a little bit weak, 68 00:03:41,520 --> 00:03:43,840 Speaker 3: but that's more due to just a really high competition 69 00:03:44,000 --> 00:03:46,720 Speaker 3: rather than any kind of dip in cells. And the 70 00:03:46,720 --> 00:03:50,000 Speaker 3: growth runway does look very clear for Glambia. So Boomberg 71 00:03:50,040 --> 00:03:53,800 Speaker 3: Intelligence estimates that the combined address board market for its 72 00:03:53,840 --> 00:03:58,240 Speaker 3: lifestyle and sports nutrition brands is one hundred billion dollars, 73 00:03:58,720 --> 00:04:03,200 Speaker 3: so there's definitely possibilities there for father grow for Glambia, 74 00:04:03,240 --> 00:04:04,640 Speaker 3: and that's sending the shows up. 75 00:04:05,960 --> 00:04:10,000 Speaker 2: The Stock Movers report from Bloomberg Radio. 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