Report

La cash machine Freeprints / Photobooks - ACHAT, OC : 0.89€ vs 0.54€ préc

PlanetArt a franchi un cap en 2016/17 en atteignant 90m€ de CA et l'équilibre opérationnel après seulement 4 ans d'existence. Cette filiale, autonome financièrement, a les moyens d'augmenter significativement ses investissements marketing, ce qui représente, selon nous, le scénario le plus créateur de valeur. D'autant plus que le potentiel du marché demeure considérable (doublement attendu sur les 2/3 prochaines années aux US et en Europe) et qu'une expansion en Asie est à l'étude (Inde ou Chine ?). Nous relevons notre objectif de cours à 0,89€ (vs 0,54€) mais maintenons notre recommandation à NEUTRE après la forte appréciation du titre depuis le début d'année (+99%).
Underlying
Claranova SE

Avanquest Software and its subsidiaries are engaged in manufacturing and distributing of communication software. Co. markets its communication software through Original Equipment Manufacturer (OEM) agreements signed with international modem, computer and cellular phone vendors. Co. also sells its communication software "in shops" through a network of Resellers and, currently, on its Web sites. In addition to the software, Co. provides customers with the software medium (floppy disks or CD-ROM), and an electronics User Guide and online help, included with the product. Co.'s Customer Service department can also provide clients with technical assistance for its products.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

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