TagMaster: Solid Value Case

Research Update

2020-05-19

07:20

Redeye maintains its view of TagMaster following the Q1 report. The impact of the Corona crisis in the quarter was smaller than expected, although we keep our expectations of a more difficult Q2 and Q3’20. Even though the IFRS adoption in the quarter did not play out exactly as we expected, we continue to consider TagMaster as a solid value case with an upside of around 100%.

EM

Erika Madebrink

Disclosures and disclaimers

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