W schreef op 1 juni 2017 16:24:
UPDATE - FLASH
Feedback equity conference
target price 12 months: euro 14
BUY
TT investment case remains a big opportunity for the future
Automotive growth is starting to accelerate, the weak consumer biz is less important
Telematics is a steady cash generator
details: Automotive momentum is strong with over 30% revenue growth in 1Q17
amounts of orders on the increase
operational leverage is pushed out as the order success and future products require investments today
eventually the operational leverage should start with the current high growth rates
TT is managed as 3 separate companies
- auto/licensing
- Telematics
- consumer
Autonomous driving is a big opportunity for the future as penetration of maps in cars will go from 25% to 100%
This is not included in current order books yet but implies that we will see continued strong growth in the period beyond 2020
de Kaarten zijn het kroonjuweel , kapers op de kust - je kan erop wachten
BUY
kruip er maar weer vol in
allemaal bewegende doelen
succes