Diskusjon Triggere Porteføljer Aksjonærlister

Crayon Group Holding (CRAYN)

Software/SaaS
#424

Crayon Group Holding ASA - Approval of prospectus for listing of new senior unsecured bonds

#425

Oslo Børs – Crayon Group Holding ASA - Received application for listing of bonds

#426

Oslo Børs – Crayon Group Holding ASA - Mottatt søknad om notering av obligasjonslån

#427

Ny rente

#428

Crayon: Invitation to Q3 2024 presentation

#429

Crayon Q3 2024: Significant profitability growth and strong working capital improvement

2 Likes
#430

Crayon Appointed as AWS Authorized Distributor for the European Economic Area, including Switzerland

#431

Financial calendar

#432

Financial calendar

#433

Crayon response to media reports

1 Like
#434

Noen som har en formening om hva et ev. bud nå vil ligge på? Arctic mener altså opp mot kr. 200,- Noen som har sett eller hørt hva analytikere i andre hus mener?

#435

Kanskje ta en trade her da om ryktene går så høyt

#436

Det er nok overveiende sannsynlig at det nå endelig kommer et bud ja. Et basic ganske konservativt (tror jeg da) regnestykke er at det er 70% sannsynlig for et bud på kr. 190,- og at dersom det ikke skjer så går den til kr. 100,- Da er fair pris i dag kr. 163,-

1 Like
#437

175-200 hos ABG for at det skal aksepteres, men de tror at det blir oppgjør i cash + SoftwareOne aksjer.

1 Like
#438

Pleier aksjer å bli pauset lenge ved slike tilfeller? Noen som har erfaring?

#439

Cash+aksjer skriver de jo i meldingen selv også. Men da er altså Arctic og ABG veldig aligna i hvert fall.

Tror ikke det blir noen pause fra morgenen i dag @Pk2k

2 Likes
#440

Ville de ha gått ut og bekreftet ryktene om det ikke var meget stor sannsynlighet for at det blir en avtale?

#441

PAS:
Crayon confirms it is in advanced talks regarding a potential bid from competitor SoftwareOne. The merger of the two makes sense to us, as it is likely to unlock both cost and revenue synergies. It does, however, seem dilutive for SoftwareOne shareholders given the big discrepancy in valuation following SoftwareOne’s share price performance since the last rumors in september, as Crayon now trades at ~16x NTM P/E (consensus unadjusted for acquisition related amortization) vs. SWON at ~9x. On top of this, we find it unlikely that SoftwareOne would gain acceptance below median sector multiples, implying a minimum bid of NOK 172/share (28% premium). Adding synergies (let’s say lifting Crayon EBITDA margin to 25% - which is where SWON is and Crayon’s long-term target is set), we see scope for a bid upwards of NOK 203/share, or 48% premium. While we question the deal probability given the valuation discrepancy and how attractive shares in SoftwareOne would be for existing Crayon shareholders, we regard the news as nonetheless positive for Crayon as a potential bid sheds new light on Crayon’s unjust discount to the value-added-reseller space, now at ~17x 2025E P/E. We currently have a BUY rec & TP NOK 165. Link to slides here

2 Likes
#442

Merkelig (mangel på) reaksjon på den meldingen. Men det kan man jo bare ta konsekvensen av :blush:

1 Like
#443

Det virker som den er pauset.