DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Rating
Advanced Blockchain AG: GBC AG Publishes Research Report with Target Price of EUR 10.00 and Buy Rating
14.07.2022 / 09:00
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Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) announces that GBC AG (www.gbc-ag.de/), has published an updated, initial coverage research report with a target price of EUR 10.00 and a buy recommendation (http://www.more-ir.de/d/24603.pdf).
The valuation is based on the NAV approach and takes into consideration the diversified portfolio of Advanced Blockchain AG and its subsidiaries at an enterprise value of EUR 83 million. Due to the decline in the crypto markets, GBC AG applied a discount of 55% to this value and stated the enterprise value at EUR 37.75 million and the value per share at EUR 10.00, respectively.
In due course, GBC AG analysts Julien Desrosiers,...
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