Raketech

Seuraako joku muu Raketech? Kommentit yrityksestä?

En seuraa, mutta tuli vuoden alussa ostettua pikkuerä tätä putoavaa puukkoa. Ei olisi pitänyt:

Raketech announces preliminary revenue, EBITDA and operating profit for the fourth quarter

17:00 In the fourth quarter 2019, total revenues for Raketech are expected to amount to EUR 5.8 million. Reported EBITDA is estimated to EUR 1.6 million, which is below expectations. The reported EBITDA is affected by extraordinary cost items amounting to EUR 0.4m and loss allowance for trade receivables amounting to 0.3 million during the quarter. Furthermore operating profit during the fourth quarter is affected by extraordinary items which relate to revaluation of Goodwill of EUR 0.3m, without any cash effect, as a consequence of the continued PPC-ban in Sweden. The extraordinary items affecting EBITDA of EUR 0.4m relate to the total amount of the severance pay to the former CEO who was replaced by Oskar Mühlbach as of December 11, 2019, and with reallocation expenses for the move of the Companys Danish office during the fourth quarter. The revaluation of goodwill relates to the acquisition of Shogun Media predominantly attributable to know-how within paid media in Sweden, an acquisition completed in June 2018. The uncertainty regarding when Googles paid media channel will open-up to advertisers taken into consideration, the Board of Directors has decided to write down the goodwill value of EUR 0.3m during the fourth quarter. The loss allowance for trade receivables is a consequence of the managements revaluation of the trade receivables portfolio, in line with IFRS 9. Oskar Mühlbach, CEO at Raketech said: Despite the continuously challenging Swedish market I am pleased to conclude that we are able to deliver revenues with only a minor drop compared to the third quarter, which is within expectations. This minor drop in combination with the extraordinary cost items including the loss allowance, however, results in an EBITDA which is less pleasing. The fourth quarter had a particularly slow start but finished off confidently with a generally good performance from our entire product portfolio. Raketechs year-end and fourth quarter report for 2019 will be published on February 19th. In addition to what is stated herein, the company will not comment on the results before the quarterly report for the fourth quarter is published. In connection with the presentation the same day at 9:00 CET there will be an opportunity to ask questions. The financial figures presented above are preliminary. The report for the fourth quarter and full year 2019 will be released as planned on February 19th, 2019 at 7.00 a.m. (CET).

mattis kirjoitti:

Seuraako joku muu Raketech? Kommentit yrityksestä?

En seuraa, mutta tuli vuoden alussa ostettua pikkuerä tätä putoavaa puukkoa. Ei olisi pitänyt:

Sama, pilkin vielä eilen puoliltapäivin, josko saisi alempaa, no oli sitten tullut tuo julkistus, kun en ollut koneen ääressä.

Vähän kun lukuja perkaili, niin melko paljon populaa on palkkalistoilla, Q3 henkilöstökulut olleet 3,3 miljoonaa ja väittäisin että noissa riittäisi optimoitavaa. Sinänsähän P/B mittarilla firma on halpa ja taseessa on enimmäkseen brändi-arvoa, mutta myös pelaajapooli. Toki tuon arvottaminen voi olla yhtä luovaa kuin vuokrakaksion Varkauden Kommilassa. Mutta kyllä uskoisin, että varsinkin sinne pelaajapooliin mahtuu myös tasaista, joskin pitkässä juoksussa todennäköisesti pienenevää tulovirtaa tuovia pelaajia, joka juoksee tasaisesti, vaikka kulut saneeraisi minimiin. Revenuesta 56% Q3:lla tuli revsharesta eli reilu 3 miljoonaa. Tähän peilaten arvostus tuntuu edelleen aika maltilliselta ja ei välttämättä mahdotonta, että joku ostaisi pois kuljeksimasta ja saneeraisi tuottavan omaisuuden optimaaliseksi. Tällöin on tietenkin oletettava ettei tasearvoissa ole mätää sisusta.