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Valuable background information and well-founded assessments of individual stocks are provided by the studies of the research houses. On this page, Boersengefluester.de (BGFL) provides an integrated overview of all analyst recommendations that come in via the EQS Group newsfeed - enriched with current stock charts as well as meaningful key figure tables and investor information from BGFL. Tip: You are also welcome to use the EQS newsfeed, which we have also enhanced with all the latest company news from our coverage universe.
24.11.2023 09:26AM
Study issued by NuWays AG
UBM Development AG (von NuWays AG): BUY
BUY
Q3 displays ongoing transaction market standstill, chg.
Yesterday, UBM released another uninspiring set of quarterly results as the
real estate transaction market continues to be in a complete standstill as
volumes in Europe decreased another 16% qoq. Still, positive news came from
several building permits that were granted during the quarter.
[ … ]
24.11.2023 09:22AM
Study issued by NuWays AG
CLIQ Digital AG (von NuWays AG): BUY
BUY
Analyst teach-in highlights data-driven content distribution
On Friday, November 17th, CLIQ hosted its first ever analyst teach-in, a
welcome step in increasing transparency. Here are our key takeaways:
Savvy performance marketing as USP. While CLIQ offers streaming content, it
is anything but a mere streaming platform; its main competitive e [ … ]
24.11.2023 09:21AM
Study issued by NuWays AG
DEMIRE AG (von NuWays AG): HOLD
HOLD
Another guidance adjustment following lack of disposals; chg.
As already anticipated in our recent earnings review, DEMIRE yesterday
updated its FY guidance for a second time this year as management now
expects a lower number of property disposals than what was planned at the
beginning of the year. As this consequently results in a larger asset [ … ]
23.11.2023 09:02AM
Study issued by NuWays AG
USU Software AG (von NuWays AG): BUY
BUY
Final Q3 in line with est. amid sequential improvements; chg.
Yesterday, USU released a solid set of Q3 results, showing sequential
improvements compared to the second quarter despite an ongoing
underperformance of license revenues.
Q3 sales increased 4.2% qoq to € 32.9 (eNuW: € 33.3m), implying a muted 1%
yoy growth against a tough [ … ]
22.11.2023 09:01AM
Study issued by NuWays AG
ZEAL Network SE (von NuWays AG): BUY
BUY
Lucrative “Games” business metrics
In Q3, ZEAL’s games business showed first meaningful impacts, but more
importantly provided some tangible KPIs. Hence, we evaluate those metrics
to compare Games with Lottery.
New KPI 'Pay-Ins': ZEAL introduced this new KPI to better compare Lottery
and Games. Pay-in refers to the amount of [ … ]
21.11.2023 09:02AM
Study issued by NuWays AG
VOQUZ Labs AG (von NuWays AG): BUY
BUY
Outlook gets cloudier amid macro-headwinds; chg.
After VOQUZ has shown stellar top-line growth in the past (2019-‘22 CAGR of
38%), the company reported a weak set of H1, clearly reflecting the
deteriorating macro environment.
Despite a 14% yoy increase in order intake, H1 sales only grew by 3% yoy to
€ 1.9m (eNuW: € 2.5m) foll [ … ]
20.11.2023 09:06AM
Study issued by NuWays AG
INDUS Holding AG (von NuWays AG): BUY
BUY
RS feedback: Strong free cashflows to support new investments
Topic: On Friday, we hosted a digital roadshow with the CEO of INDUS. Here
are the key takeaways:
Free cashflow from continuing operations more than quadrupled yoy with €
106.1m at 9M 2023 (9M 2022: € 22.2m). Going forward, management aims to
further reduce the working ca [ … ]
20.11.2023 09:02AM
Study issued by NuWays AG
SMARTBROKER Holding AG (von NuWays AG): BUY
BUY
Migration well progressed // New arrangement with DAB
Smartbroker announced to have made significant progress regarding the
migration of customers, transactions and AuC´s from SB1 (old Smartbroker)
to Smartbroker+:
65% of active SB1 customers successfully migrated. This translates into 90k
of the former 228k customers (excl. 44k FondDis [ … ]
17.11.2023 09:06AM
Study issued by NuWays AG
NFON AG (von NuWays AG): BUY
BUY
Q3e: Cost savings continue to bear fruit ; chg.
NFON will release Q3 figures on November 23rd, which are seen to show
steady top-line growth paired with sound profitability following the
implementation of several cost-saving measures.
Q3 recurring revenues are expected to increase by 5.6% to € 19.4m based on
an increased seat base (eNuW: [ … ]
17.11.2023 09:02AM
Study issued by NuWays AG
THE NAGA GROUP AG (von NuWays AG): HOLD
HOLD
FY22 out // Short-term remains clouded; Restart with HOLD
Recently, NAGA finally reported its audited FY22 figures, which reflect a
particularly challenging year for the company. In detail:
Sales stand at € 57.6m (+9% yoy), above our estimates of € 50.1m, as we
have not considered NGC trading revenues of € 6.8m. While trading a [ … ]
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We have summarised companies with a market capitalisation of more than EUR 1 billion that are not included in any index under X-Caps.
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