An increasingly insecure world is driving the demand for security services among business and leisure travellers. GWS has noted this emerging need and developed a mobile-based safety service which uses innovative technology to alert and inform travellers of security threats. GWS has completed the product development and is now entering a phase of expansion. Contracts have recently been signed in the insurance, security, telecom and travel industry.
Our Base case projections are based on already signed contracts and conservative expectations of additional new partnerships. This gives us a motivated fair value of 12 SEK. The Bear and Bull case scenario renders a value of 6 SEK and 20 SEK respectively.
The Redeye approach is to focus on company fundamentals and help investors make their own educated decisions. We provide no “buy”, “hold” or “sell” recommendations, instead we give our assessment in a three-part Redeye Rating. In it we list Company Quality for five areas, identify events that can impact on future valuation in Catalyst Potential and gives a Fair Value Range with a Base, a Bull and a Bear Case. The Base Case represents a scenario that is not overly optimistic, nor pessimistic. The Bull Case represents an optimistic scenario, but still not unreasonable, the opposite is true for our Bear Case where the scenario is pessimistic but not to an unreasonable extent.
The full research report on GWS is available at http://beta.redeye.se/company/gws-production/487284/global-warning-systems-journey-emerging-industry#company-navigation
Redeye is the next generation equity research and investment banking company, specialized in Life Science and Technology. We are the leading providers of Corporate Broking and Corporate Finance in these sectors. Our clients are innovative growth companies in the Nordics and we use a unique Rating model built on a value based investment philosophy. Redeye was founded 1999 in Stockholm and is regulated by the Swedish Financial Authority (Finansinspektionen).