Rubean secures a game-changing contract with Global Payments Europe to provide its PhonePOS payment solution to customers in Germany, likely due to the joint venture between Commerzbank and Global Payments. This reaffirms Rubean's software's quality and reliability, already successful in Eastern Europe. The launch, scheduled for H1 '24, will offer PhonePOS via the Global Payments app, potentially reaching 100,000 users. Revenue projections, based on a fixed monthly fee and transaction-based income, suggest transformational growth for Rubean. The partnership with respected brands enhances Rubean's reputation, and the deal is expected to bring substantial financial benefits, prompting AlsterResearch’s analysts to increase their PT to EUR 12.00 (old EUR 8.50) and reaffirm their BUY rating. The full update can be downloaded under https://www.research-hub.de/companies/Rubean%20AG

Game changing cooperation with Union Investment; chg Recently, LAIQON has announced to have closed the game changing cooperation with Union Investment. With that, LAIQON provided a new promising guidance for its subsidiary LAIC, mainly reflecting the potential of the new cooperation. Further, LAIQON announced a capital raise on the level of LAI [ … ]

Strong order intake to start the year; chg. Topic: beaconsmind announced three major contract extensions, two of which in the CloudWiFi hotspot segment, proving the strength of the groups newly aligned product portfolio. In detail: The company extended its collaboration with nursing homes operator Vitanas, where beaconsmind will implement com [ … ]

Solid FY figures & sizable share buyback; est. & PT chg. Topic: CLIQ reported final FY23 figures on Thursday (update on prelims from Feb. 5th) and announced a € 13m share repurchase program. Here are our key takeaways: Strong bundled content share boosts higher-LTV customer base. At 94% of FY23 total revenues (88% in FY22), bundl [ … ]

Major cooperation with Commerz Globalpay; chg. Topic: Yesterday, Rubean announced to have won the Global Payment tender for Germany, which is basically the tender for the recently announced joint venture between Commerzbank and Global Payments (“Commerz Globalpay”). In detail: Earlier this year, Commerzbank announced to have enter [ … ]

First Berlin Equity Research has published a research update on Valneva SE (ISIN: FR0004056851). Analyst Simon Scholes reiterated his BUY rating and decreased the price target from EUR 8.90 to EUR 8.60. Abstract: FY/23 product revenues recovered strongly (+26% to €144.6m) in line with resurgent travel activity. The current cash position is [ … ]

First Berlin Equity Research has published a research update on Cardiol Therapeutics Inc. (ISIN: CA14161Y2006). Analyst Christian Orquera reiterated his BUY rating and maintained his USD 3.60 price target. Abstract: Cardiol Therapeutics (Cardiol) announced that the FDA has granted Orphan Drug Designation (ODD) in the US for its lead drug candid [ … ]

Interactive Strength Inc (TRNR) is a luxury digital fitness company which back in August announced a definitive agreement to acquire all of the assets of CLMBR, Inc., the maker of a connected vertical climber. This acquisition has now closed, strengthening the operations of the now two brands, FORME and CLMBR. With the acquisition of CLMBR and its consumer base, TRNR has also gained access to a B2B channel, which is an important piece of the puzzle for further growth of the enlarged product portfolio. Yesterday, TRNR announced that the initial purchase order of c. 2,150 units is expected to generate in total more than USD 7m of net revenue. However, AlsterResearch’s analysts now also believe that TRNR’s dynamic will kick-in later as assumed and expect a still high burn rate. AlsterResearch’s analysts anticipate the shift of sales volumes and lower their estimates. Therefore, AlsterResearch’s analysts confirm their Spec. BUY rating with a lowered PT of USD 1.50 (old USD 2.30). The latest update can be downloaded under https://www.research-hub.de/companies/Interactive%20Strength%20Inc

TUI research has revealed that British holidaymakers prioritize packing essentials such as tea bags, kettles and favorite mugs to ensure a nice cuppa while travelling. Emergency supplies such as ketchup, sliced bread and cereals are also popular, along with pot noodles, crisps, cheddar cheese and brown sauce to ensure a healthy British diet abroad. TUI has responded by increasing the free baggage allowance by 5kg (c. 0.8 stones), allowing travelers to take an extra 2,500 tea bags or 154 packets of crisps. Whether TUI will extend these rules to German travelers is uncertain, given the potential demand for more towels and space constraints, particularly when packing numerous pairs of white socks. Until we see more evidence of the impact of the new baggage rules, we leave TUI's estimates and price target unchanged. The full update can be downloaded under https://www.research-hub.de/companies/TUI%20AG

Duerr reported prelim. FY23 results with sales coming in the midpoint of the guidance range while adjusted EBIT margin standing at the lower end of the range. In FY23, sales rose 7.3% yoy to EUR 4.63bn, while EBIT before extraordinary effects jumped 20.8% yoy to EUR 280m. The order intake, although in the upper half of the target range (EUR 4.4- 4.8bn), slumped 7.8% yoy primarily due to HOMAG (orders down 18.2% yoy) due to a significant slowdown in demand for woodworking machinery. The company recorded a 10.4% yoy rise in FCF to EUR 129.3m in FY23, the highest figure since 2016, helped by disciplined w/c management aided by easing of the supply chain and prudent capex. As for the outlook, Duerr lowered the FY24 sales growth target to 2-8% growth (vs 5- 10% earlier) while maintaining the EBIT margin before extraordinary effects guidance to between 4.5-6.0%. AlsterResearch’s analysts reiterate to BUY but lower their PT to EUR 30.00 (old EUR 33.00). The full update can be downloaded under https://www.research-hub.de/companies/Duerr%20AG