Kontron AG buy Covacoro
Start price
06.01.21
/
0%
€19.31
Target price
07.01.23
€25.00
Performance (%)
-29.67%
End price
26.02.22
€13.58
Summary
This prediction ended on 26.02.22 with a price of €13.58. The prediction for Kontron AG disappointed with a performance of -29.67%.Performance without dividends (%)
Name | 1w | 1m | 1y | 3y |
---|---|---|---|---|
Kontron AG | 1.220% | 1.220% | 12.426% | -19.519% |
iShares Core DAX® | 1.051% | -1.833% | 12.822% | 15.392% |
iShares Nasdaq 100 | -0.547% | -3.738% | 40.625% | 42.396% |
iShares Nikkei 225® | -1.778% | -8.115% | 16.092% | 0.891% |
iShares S&P 500 | 0.002% | -2.226% | 28.387% | 41.095% |
Comments by Covacoro for this prediction
In the thread Kontron AG diskutieren
Buy mit Kursziel 30,0
Kursziel geändert auf 28,0
Kursziel geändert auf 0,0
Kursziel gesetzt auf 30,0
Ich halte an der Buy-Einschätzung für S&T mit Ziel 30 Euro fest, weil:
a) die Insider kaufen zu
b) die Viceroy-Attacke hat wenig Substanz
c) auch die Analysten von H&A kommen zum gleichen Urteil.
=> Womöglich ist es jetzt die beste Einstiegschance seit langem bei dieser Aktie mit 100% Kurspotenzial!
https://ir.snt.at/HAIB_20122021.pdf
Auszug aus dem Bericht:
The spirits I’ve cited...
It is our view that S&T invited scrutiny by making a number of unwise acquisitions in questionable jurisdictions involving minority structures. Add to this a complex corporate structure and a business model where the two main business lines – IoT Solutions and IT Services – exhibit little synergies.
Unwise, however, does not mean deceitful or fraudulent. That is why we simply cannot agree with the conclusions drawn by Viceroy. Indeed, most of the accusations laid out in Viceroy’s report appear to us either incorrect or trivial.
Care for an example? Viceroy claims that S&T appears to hide several subsidiaries in an off-balance sheet structure to conceal corporate fraud, citing IMG China as an example, amongst other. Our note shows that this grave accusation, which is the most damning in the report, simply does not hold up to scrutiny (see Accusation I).
That does not mean that we dismiss Viceroy’s entire report out of hand. Instead, we advise S&T to shed more light on selected details, such as the dealings in Funworld and Xtro, which we discuss in this note. We also recommend that S&T stop factoring, become much more selective in M&A, redeem debt to simplify the balance sheet and renew its buyback program.
We would also advise the company to commission a due diligence for its Eastern European IT Service business. However, we understand this is
already happening as part of the planned divestment. Scheduled for early 2022, the PwC report should be instrumental in re-establishing confidence in the name.
In this note, we discuss six accusations and present our take. While most accusations seem unfounded, there are a number of concerns we agree with. However, these are not material enough for us to turn more cautious on the name.
Reiterate BUY, Price Target 31.00 EUR
a) die Insider kaufen zu
b) die Viceroy-Attacke hat wenig Substanz
c) auch die Analysten von H&A kommen zum gleichen Urteil.
=> Womöglich ist es jetzt die beste Einstiegschance seit langem bei dieser Aktie mit 100% Kurspotenzial!
https://ir.snt.at/HAIB_20122021.pdf
Auszug aus dem Bericht:
The spirits I’ve cited...
It is our view that S&T invited scrutiny by making a number of unwise acquisitions in questionable jurisdictions involving minority structures. Add to this a complex corporate structure and a business model where the two main business lines – IoT Solutions and IT Services – exhibit little synergies.
Unwise, however, does not mean deceitful or fraudulent. That is why we simply cannot agree with the conclusions drawn by Viceroy. Indeed, most of the accusations laid out in Viceroy’s report appear to us either incorrect or trivial.
Care for an example? Viceroy claims that S&T appears to hide several subsidiaries in an off-balance sheet structure to conceal corporate fraud, citing IMG China as an example, amongst other. Our note shows that this grave accusation, which is the most damning in the report, simply does not hold up to scrutiny (see Accusation I).
That does not mean that we dismiss Viceroy’s entire report out of hand. Instead, we advise S&T to shed more light on selected details, such as the dealings in Funworld and Xtro, which we discuss in this note. We also recommend that S&T stop factoring, become much more selective in M&A, redeem debt to simplify the balance sheet and renew its buyback program.
We would also advise the company to commission a due diligence for its Eastern European IT Service business. However, we understand this is
already happening as part of the planned divestment. Scheduled for early 2022, the PwC report should be instrumental in re-establishing confidence in the name.
In this note, we discuss six accusations and present our take. While most accusations seem unfounded, there are a number of concerns we agree with. However, these are not material enough for us to turn more cautious on the name.
Reiterate BUY, Price Target 31.00 EUR
Kursziel geändert auf 25,0
In the thread Trading Kontron AG
Buy beendet
Stopped prediction by Covacoro for Kontron AG
Kontron AG
Start price
Target price
Perf. (%)
€16.61
04.05.22
04.05.22
€25.00
04.05.23
04.05.23
-1.38%
14.05.22
14.05.22
Undervalued
positive Cash Flow expected
Standard Investments for future growth
Innovative
Kontron AG
Start price
Target price
Perf. (%)
€18.26
08.11.20
08.11.20
€26.00
08.11.21
08.11.21
4.93%
14.11.20
14.11.20
Undervalued
positive Cash Flow expected
Standard Investments for future growth
Innovative