1Wk·

Another watchlist candidate gains entry

...think the market reaction is completely exaggerated right now, but the share is now available at the 2023 level 🫠

27.03
Eventim logo
Bought x10 at €51.25
€512.50
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20 Comments

I also put 50 pieces in my depot :)
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@jkb92 I added another 10 shortly afterwards.
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@SAUgut777 well, 5 pieces just happened to be in the basket 😇
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@SAUgut777 That's how I always shop. The good thing about it is that you buy more than you actually wanted this way, but you're happy about it later haha
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@jkb92 have bought almost all my individual stocks according to the principle and my valuation standards and so far the value has always come through the bank 😉
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Good timing
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@Tenbagger2024 had also added another 10
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@SAUgut777 I think it should come back. The figures were good after all
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Wow... I had the same last year. Big crash. 🫢

But great company 👍
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Same. Just in at €50.60 😌
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On the one hand, this is a very interesting entry level and could be a good thing. On the other hand, it is also possible that people will keep their money together and attend fewer concerts this year due to the current situation and the expected further rise in prices/inflation and zero growth with the threat of more job cuts, which will of course put pressure on margins and ultimately on the share price and unfortunately we have not yet seen the end of it
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@Dividendenopi Your concerns are not unjustified, but this is already at corona level and, in my opinion, massively undervalued at this price.
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@SAUgut777 If the market is pricing in the future, then it has now had 3 weeks to do so and you have actually caught a great time here
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@Dividendenopi I'm optimistic, unless the 🍊 really hits the ground running.... added another 10x at €50.90 and now another 5x at €49.40 and that's it for today.
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Just a question as a beginner, I also have them on my watchlist, but recently I've only seen negative entries: Disappointing forecast for 2026 Outlook 2026 "Behavioral" | Negative (growth story doubted)
Dividend cut
13% decline in net profit
High investments of around 400 million euros
Loss of income from the joint venture autoticket
Strategic concerns (AI & market), The company also warned of the impact of artificial intelligence on the music business in its latest report.
What have I missed?
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@schlimmschlimm There are always warnings, it's better to take a conservative view and then beat expectations. I think robot concerts are still a long way off and people want an identification figure, so I'm not convinced that this AI-generated music will catch on. In addition, the Schuldenberg Foundation (CEO) bought the shares for 10 million today at €54.37.
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@jkb92 of course Schulenberg and not Schuldenberg 😂
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@jkb92 Of course...I thought so. :-)
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@schlimmschlimm Eventim's outlook has always been relatively conservative, and profits have fallen slightly due to one-off events and currency effects, otherwise revenues have continued to rise.

And they are also investing in AI and other...

...think they are totally undervalued at this price and I recently saw a report on NTV Börse...there was also an investment house that put forward the same thesis at ~€65.
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