Stockholm, November 14, 2017 - Redeye initiates coverage of telecom network service provider Talkpool. The company is active within installation and operation and maintenance of telecom networks and tailored IoT solutions.
In 2014, Talkpool started to include the Internet of Things in its offering. We believe that the Company is well positioned in the ongoing industrial transformation to “Industry 4.0”.
Our belief is, thanks to the acquisition of LCC Pakistan, that Talkpool will be able to generate an EBITDA of EUR 1.6m in 2018. We initiate coverage with a base case valuation of SEK 38 per share. Our reasonably pessimistic and optimistic scenario implies a value of SEK 26 and SEK 49 respectively.
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).