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CH0396131929
Fri, 27.05.2022
SunMirror AG
Half year 2021/22 figures impacted by one-off effects
After the publication of H1/2021/22, we maintain our Buy rating for the
shares of SunMirror but cut our fully diluted PT to EUR 122.40 from EUR
194.70 per share given (i) lower peer group multiples, (ii) expected delays
in the commissioning of the Australian assets, (iii) higher net debt, and [ … ]
Mon, 25.10.2021
SunMirror AG
Mandatory convertible bond
Last week, SunMirror announced the issuance of a mandatory convertible bond
with a targeted nominal value of EUR 20.0 mn. With a conversion price of
approximately EUR 70 per share, the convertible bonds entitle their holders
to acquire approximately 285,000 bearer shares with a par value of CHF
1.00. Since shareholders [ … ]
Tue, 31.08.2021
SunMirror AG
Value enhancing takeover of Lat66
SunMirror has expanded into Finland, announcing the acquisition of Latitude
66 Cobalt Oy ('Lat66'). Lat66, which started operations in 2017, is an
Australian-Finnish mineral exploration company with a first mover project
portfolio of more than 9,000 square kilometres within the most prospective
greenstone belts [ … ]
Wed, 21.04.2021
SunMirror AG
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 [ … ]