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     338  0 Kommentare Talenthouse AG: Situation requires a second look; PT down, BUY confirmed

    Talenthouse AG (THAG) presented its final H1 report, which in our view, resulted in an exaggerated drop in share price.

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    Talenthouse AG (THAG) presented its final H1 report, which in our view, resulted in an exaggerated drop in share price. On the first glance, the company’s debt and liquidity situation looked alarming, while going concern remarks added to the irritation. Not being in sync with the reporting, the situation of the company is more stable than the H1 report might suggest. THAG secured funds and also shifted debt into long-term, thus gaining breathing space to expand business. On the background of macroeconomic uncertainties however, we are taking a more cautious stance and lower our estimates for FY23 and onwards. We come to a new PT of CHF 0.33 (old: CHF 0.45). Our blended valuation approach reflects a lower peer valuation following a further multiple contraction, as well as a lower DCF fair value. Also, we recommend watching the recording of the earnings call here: https://www.research-hub.de/events

    https://www.research-hub.de/disclaimer

    Die New Value Aktie wird zum Zeitpunkt der Veröffentlichung der Nachricht mit einem Plus von +21,00 % und einem Kurs von 0,121EUR auf SIX Swiss (CHF) (30. September 2022, 13:11 Uhr) gehandelt.


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    Talenthouse AG: Situation requires a second look; PT down, BUY confirmed Talenthouse AG (THAG) presented its final H1 report, which in our view, resulted in an exaggerated drop in share price. On the first glance, the company’s debt and liquidity situation looked alarming, while going concern remarks added to the irritation. Not being in sync with the reporting, the situation of the company is more stable than the H1 report might suggest. THAG secured funds and also shifted debt into long-term, thus gaining breathing space to expand business.