ADDvise Group: Improving Fundamentals
Initiating Coverage
2020-12-08
07:00
Redeye initiates coverage of ADDvise Group with a base case of SEK 2 per share. We argue that ADDvise is on the path of improving margins and bottom line and significantly strengthening its fundamentals to allow self-financed growth within a few years. It is currently trading at a significant discount from fair value. Covid-19 has had a mixed impact on the company.
GA
FN
Gergana Almquist
Fredrik Nilsson
Disclosures and disclaimers