I think about this share I will report until it has a little more notoriety or at least the price is higher and known by itself 😄
Wallstreet Online has now noticed for themselves how glaringly undervalued it is.
Not only KUV of below 0.5 km tech range for 2022/2023 but even valued below book value. At some point the reaction has to come.
Here times the article, almost everything well zam:
The price list is richer by an exciting title. Pyramid went public through a reverse IPO.
The price list is richer by an exciting title. Pyramid went public through a reverse IPO. The Freiburg-based company is a provider of self-service terminals that, for example, allow hotel guests to check in themselves, air travelers to check in their luggage themselves, or supermarket customers to take over the work of the cashier. Pyramid even sees itself as the world market leader in self-service terminals for restaurants and grocery stores. The medium-sized company has slipped into the stock market shell of Mic AG. Prior to this, the portfolio of the former venture capital company had been purged. All that remained was a single listed investment, which is soon to be used as a vehicle for a reverse IPO. But that is another matter. Mic AG is soon to be renamed Pyramid. We talk to CEO Andreas Empl about the future prospects. Basically, Pyramid is to become a global player with a special focus on the huge market in the USA. For the coming year, CEO Empl expects revenues to increase to between 67 and 71 million, with EBIT forecast in a range between 6 and 6.4 million. For the cycle that is coming to an end, management is looking at 58.2 million in revenues and 5 million in Ebit. However, Pyramid would like to become a 100 million company. Announced the acquisition of Faytech AG. A manufacturer of touchscreen devices for point-of-sale and point-of-service as well as in-dustrial applications with worldwide production capacity, primarily in China. The company, based in Witzenhausen, Hesse, is growing rapidly. For 2022, the management board expects about 30 million in sales as well as an Ebit of more than 1.7 million. Together with Pyramid, the Ebit adds up to 7.7 to 8.1 million. Empl estimates the synergies at more than 1 million euros p.a.. For example, he expects savings in manufacturing and operating costs. Empl announces that the purchase agreement will be signed by the end of the year. The original target date was October 1. According to Empl, the result of a particularly thorough due diligence process is improved terms for the deal. The aim is to merge the two companies. Together, they want to position themselves as the "world's leading supplier" of self-service terminals. Few stock market players have Pyramid on their minds yet. Since June, the share price has plummeted from 3.50 euros to around 2.50 euros. There seems to be a bottoming out here. The valuation is well below book value, the P/E ratio is in single digits. Conclusion: The future pyramid addresses the trends of digitization and self-service. Price increases programmed.
