Paynova: High conviction from management
Research Note
2019-08-29
11:47
Net sales in Q2 were in-line with our estimates. External costs and activated costs were however higher than expected. The financial position is yet again weak. Paynova has intensified dialogues with existing prospects and expects that the company will sign new agreements during this year. A strong conviction from management, meaning they are buying lots of stocks, make us believe a major agreement could be imminent.
TO
KL
Tomas Otterbeck
Kristoffer Lindström
Disclosures and disclaimers