Original-Research: SunMirror AG - von Sphene Capital GmbH Einstufung von Sphene Capital GmbH zu SunMirror AG Unternehmen: SunMirror AG ISIN: CH0396131929 Anlass der Studie: Update Report
Original-Research: SunMirror AG (von Sphene Capital GmbH): Buy Einstufung von Sphene Capital GmbH zu SunMirror AG Unternehmen: SunMirror AG Empfehlung: Buy Kursziel auf Sicht von: 36 Monate Letzte Ratingänderung: - Placement of a convertible bond and LOI for a capital increase We reiterate our Buy rating for SunMirror and increase our fully diluted price target to EUR 174.30 per share from EUR 68.90 on lower discount rates and a strong raise in peer group multiples. We see additional short- and medium-term upside potential, should the management decide for a trade sale of its most valuable mineral reserve, Cape Lambert South, to a strategic investor or succeed in exploiting that asset in a capital-efficient manner. Additional upside to our price target could arise, should the company use the proceeds from the capital increase for acquiring further strategic mineral assets significantly below market values.
Letzte Ratingänderung: -
Placement of a convertible bond and LOI for a capital increase
We reiterate our Buy rating for SunMirror and increase our fully diluted
price target to EUR 174.30 per share from EUR 68.90 on lower discount rates
and a strong raise in peer group multiples. We see additional short- and
medium-term upside potential, should the management decide for a trade sale
of its most valuable mineral reserve, Cape Lambert South, to a strategic
investor or succeed in exploiting that asset in a capital-efficient manner.
Additional upside to our price target could arise, should the company use
the proceeds from the capital increase for acquiring further strategic