ketchup schreef op 11 juni 2022 07:44:
Simon, thanks for sharing
it does not read well .. TT is facing hard times and all will depend on how successful Indigo will be for TT in years to come , TT can rely on customers such as the ones mentioned in the article but volumes are low and will remain low for now , so the cost cutting exercise was a must and advanced automation surely helps
furthermore >Google is advancing
my own conclusion is that TomTom has just a few years of opportunity left to capitalize on their assets by selling them , but the share price is too low on the exchange to get anyone paying a decent price for all the investments/costs over the years they made - fair value would be closer to HERE's valuation of 2,5 bn euro, but with TT trading at a 1 bn market cap on the Amsterdam stock exchange nobody in his right mind will pay 2,5 bn
if TT fails to improve the share value considerably , they will have to make the decision whether to delist the company first, no longer being associated with a low market cap for everybody to see on the exchange they can than work as a private company getting closer to HERE's valuation
for now the management does not feel the need to act as they are still getting their returns through gratifications and bonus allocations not related to the companies performance
what is really needed at TT is a change at the helm