Talkpool: Growth story continues2017-11-13 20:42, Edited at: 2017-11-14 11:46
Redeye initiates coverage of telecom network service provider Talkpool. The company is active within installation and operation and maintenance of telecom networks and tailored IoT solutions.
- Talkpool is a profitable Telecommunication Network Service provider that has major contracts with Huawei, Digicel and Telenor. With the latest acquisition of LCC Pakistan, Talkpool will be able to rapidly increase both revenue and margins.
- In 2014, Talkpool started to include the Internet of Thing in its offering. We believe that the Company is well positioned in the ongoing industrial transformation to “Industry 4.0”.
- Our belief is, thanks to the acquisition of LCC, Talkpool will be able to generate an EBITDA of EUR 1.6m in 2018. We initiate coverage with a base case valuation of SEK 38 per share. Our reasonably pessimistic and optimistic scenario implies a value of SEK 26 and SEK 49 respectively.