Spennende å se litt av verdiene på denne avtalen som ble inngått. Tipper markedet vil bli overasket 😜

Tror de vil bli betydlige, men om det vil synligjøre seg alerede på Q3 tallene gjenstår og se. Er redd vi ikke ser den fulle effekten av meta/microsoft før Q4.

Jeg vet ikke, men er usikker på i hvilken grad disse avtalene har materialisert seg i kvartalet - hadde sett for meg mer full effekt i Q4.

Da får vi håpe veksten fortsetter som ved tallene som kom i august:

Link Mobility drar inn mer på driften
IT-selskapet Link Mobility fikk justert ebitda på 191 millioner kroner i andre kvartal i 2023, mot 129 millioner samme kvartal i fjor.

Link Mobility Group fastholder guidingen om en organisk justert ebitda-vekst på 12-15 prosent i 2023 i konstant valuta.

Selskapets bruttofortjeneste var på 409 millioner kroner, en økning mot 316 millioner samme periode i 2022.

Wow, selger Message Broadcast for nesten 2.9 milliarder inkl earn out, og deleverge fra 4x til 1x.
3.5 milliarder i cash post transaction. God jul!

Hvordan tror man dette vil slå ut på aksjekursen frem over?

Himmelsk!
18kr idag

De har en valutagevinst på transaksjonen. Tenk hvor mye tech har falt siste 12 mnd og hva man idag kan bruke den cash beholdningen til:)

Så nå er det bare å vente på 30 tallet ved Q4

Dette bare bekrefter at LINK har vært betydelig underpriset. Veldig bra dette!

Woooow for en nyhet 💰💰💰
Er vel ingen som selger under 20,- i dag 💰💰💰

Transaksjonen er faktisk helt gull. De har snart 3.5 milliarder i balansen og i mellomtiden har mesteparten av tech i Europa falt 60-70%. Deleverage selskapet fra 4x til 1x. Blir en ny m&a maskin med denne cash beholdningen

Trippelkandidat!!

Blir en fet valutagevinst på dette salget. Ifølge presentasjon skal den close i år. USDNOK har historiske topper i desember og her blir masse millioner

Utbytte?

Tvilsomt - Tenker de kommer heller til og reinvistere for videre vekst eller bygge cash beholdning for og betale gjeld

Sitte stille i båten, kan heller snakkes om 2-3år og 40-50kr aksjen.

Dette blir en nobrainer på sikt...

Kursen kommer til å stige jevnt de neste årene uten spesiell haussing, heldigvis:)

Oversikt for LINK (LINK MOBILITY GROUP HOLDING ). Oppdatert VPS 20.12.2023 - Top 50 laster opp.

01 CITIBANK, N.A. 35.24% 1 888.2m 104.7m 15 891
02 KARBON INVEST AS 5.37% 287.65m 15.95m
03 FOLKETRYGDFONDET 4.14% 221.65m 12.29m
04 UBS AG LONDON BRANCH 4.02% 215.47m 11.94m INN
05 VERDIPAPIRFONDET DNB SMB 2.73% 146.5m 8 121k
06 SUNDT AS 2.36% 126.46m 7 010k
07 J.P. MORGAN SE 1.80% 96.53m 5 351k
08 SKANDINAVISKA ENSKILDA BANKEN AB 1.70% 91.19m 5 055k
09 DANSKE BANK AS MEGLERKONTO INNLAND 1.61% 86.52m 4 796k
10 VERDIPAPIRFONDET FIRST GENERATOR 1.54% 82.64m 4 581k
11 THE BANK OF NEW YORK MELLON SA/NV 1.53% 81.99m 4 545k
12 THE BANK OF NEW YORK MELLON SA/NV 1.42% 75.83m 4 203k 111k
13 J.P. MORGAN SECURITIES PLC 1.32% 70.84m 3 927k 55 959
14 VERDIPAPIRFONDET DNB NORGE 1.18% 62.98m 3 491k
15 DEFA ENDEAVOUR AS 1.16% 62.06m 3 440k
16 CLEARSTREAM BANKING S.A. 1.11% 59.59m 3 303k
17 VERDIPAPIRFONDET DELPHI NORDIC 1.06% 56.77m 3 147k
18 EM KAPITAL AS 1.02% 54.56m 3 025k
19 THE BANK OF NEW YORK MELLON SA/NV 0.87% 46.78m 2 593k 56 891
20 J.P. MORGAN SE 0.85% 45.49m 2 522k
21 THE BANK OF NEW YORK MELLON SA/NV 0.84% 44.81m 2 484k
22 VERDIPAPIRFONDET DNB NORDEN 0.71% 38.01m 2 107k 381.1k
23 VERDIPAPIRFONDET EQUINOR AKSJER NO 0.69% 37.2m 2 062k
24 J.P. MORGAN SE 0.69% 36.89m 2 045k
25 VERDIPAPIRFONDET FIRST GLOBALT 0.69% 36.88m 2 044k -50 000
26 TIGERSTADEN INVEST AS 0.67% 36.08m 2 000k
27 SAXO BANK A/S 0.61% 32.8m 1 818k
28 THE BANK OF NEW YORK MELLON SA/NV 0.55% 29.35m 1 627k
29 SORA AS 0.55% 29.31m 1 625k
30 KONTRARI AS 0.54% 28.86m 1 600k -100k
31 J.P. MORGAN SE 0.54% 28.84m 1 599k
32 DANSKE BANK A/S 0.54% 28.83m 1 598k
33 BANK PICTET & CIE (EUROPE) AG 0.48% 25.91m 1 436k
34 THE BANK OF NEW YORK MELLON SA/NV 0.46% 24.66m 1 367k
35 VERDIPAPIRFONDET DELPHI NORGE 0.46% 24.4m 1 353k
36 CARUCEL FINANCE AS 0.45% 24.35m 1 350k
37 CITIBANK EUROPE PLC 0.43% 23.26m 1 289k
38 F2 FUNDS AS 0.37% 19.84m 1 100k
39 F1 FUNDS AS 0.30% 16.24m 900k
40 AS AUDLEY 0.30% 16m 886.8k
41 NORDNET BANK AB 0.28% 15.06m 835.1k 3 006
42 J.P. MORGAN SECURITIES PLC 0.28% 14.95m 828.7k 7 800
43 VPF FIRST OPPORTUNITIES 0.28% 14.83m 822.3k
44 AVANZA BANK AB 0.26% 14.08m 780.4k -475
45 SKANDINAVISKA ENSKILDA BANKEN AB 0.24% 13.12m 727.4k
46 BNP PARIBAS 0.24% 13.11m 726.5k
47 RIEBER ULF JOHAN 0.24% 13.08m 725k INN
48 RASCHE INVESTERINGER AS 0.24% 12.99m 720.2k
49 NORDNET LIVSFORSIKRING AS 0.24% 12.69m 703.6k -4 024
50 SKANDINAVISKA ENSKILDA BANKEN AB 0.24% 12.59m 697.9k
51 Other investors 14.56% 780.13m 43.26m -380.9k

Ja ser vi kr 20 før nyttår?

Den bør snart hoppe over 25-30. De store laster opp.

Oversikt for LINK (LINK MOBILITY GROUP HOLDING ). Oppdatert VPS 21.12.2023 . Top 50 sluker aksjer. Er det noe på gang , oppkjøp, utbytte?

01 CITIBANK, N.A. 35.26% 1 815.5m 104.7m pluss+32 651
02 KARBON INVEST AS 5.37% 276.49m 15.95m
03 FOLKETRYGDFONDET 4.14% 213.05m 12.29m
04 J.P. MORGAN SE 4.02% 207.11m 11.94m
05 VERDIPAPIRFONDET DNB SMB 2.73% 140.81m 8 121k
06 SUNDT AS 2.36% 121.55m 7 010k
07 J.P. MORGAN SE 1.80% 92.78m 5 351k
08 SKANDINAVISKA ENSKILDA BANKEN AB 1.70% 87.65m 5 055k
09 DANSKE BANK 1.61% 83.16m 4 796k NYINN pluss
10 VERDIPAPIRFONDET FIRST GENERATOR 1.54% 79.44m 4 581k
11 THE BANK OF NEW YORK MELLON SA/NV 1.53% 78.81m 4 545k
12 THE BANK OF NEW YORK MELLON SA/NV 1.43% 73.39m 4 232k pluss+28 768
13 J.P. MORGAN SECURITIES PLC 1.32% 67.79m 3 910k -17 370
14 VERDIPAPIRFONDET DNB NORGE 1.18% 60.54m 3 491k
15 DEFA ENDEAVOUR AS 1.16% 59.66m 3 440k
16 CLEARSTREAM BANKING S.A. 1.11% 57.27m 3 303k
17 VERDIPAPIRFONDET DELPHI NORDIC 1.06% 54.57m 3 147k
18 EM KAPITAL AS 1.02% 52.45m 3 025k
19 THE BANK OF NEW YORK MELLON SA/NV 0.87% 44.96m 2 593k
20 J.P. MORGAN SE 0.86% 44.54m 2 569k pluss+47 033
21 THE BANK OF NEW YORK MELLON SA/NV 0.84% 43.07m 2 484k
22 VERDIPAPIRFONDET DNB NORDEN 0.71% 36.54m 2 107k
23 VERDIPAPIRFONDET EQUINOR AKSJER NO 0.69% 35.76m 2 062k
24 J.P. MORGAN SE 0.69% 35.46m 2 045k
25 VERDIPAPIRFONDET FIRST GLOBALT 0.69% 35.45m 2 044k
26 TIGERSTADEN INVEST AS 0.67% 34.68m 2 000k
27 SAXO BANK A/S 0.61% 31.53m 1 818k
28 THE BANK OF NEW YORK MELLON SA/NV 0.55% 28.21m 1 627k
29 SORA AS 0.55% 28.18m 1 625k
30 KONTRARI AS 0.54% 27.74m 1 600k
31 J.P. MORGAN SE 0.54% 27.72m 1 599k
32 DANSKE BANK A/S 0.54% 27.71m 1 598k
33 BANK PICTET & CIE (EUROPE) AG 0.48% 24.9m 1 436k
34 THE BANK OF NEW YORK MELLON SA/NV 0.46% 23.71m 1 367k
35 VERDIPAPIRFONDET DELPHI NORGE 0.46% 23.46m 1 353k
36 CARUCEL FINANCE AS 0.45% 23.41m 1 350k
37 CITIBANK EUROPE PLC 0.43% 22.35m 1 289k
38 F2 FUNDS AS 0.37% 19.07m 1 100k
39 F1 FUNDS AS 0.30% 15.61m 900k
40 AS AUDLEY 0.30% 15.38m 886.8k
41 J.P. MORGAN SECURITIES PLC 0.28% 14.56m 839.4k pluss+10 700
42 NORDNET BANK AB 0.28% 14.39m 830.1k -5 000
43 VPF FIRST OPPORTUNITIES 0.28% 14.26m 822.3k
44 AVANZA BANK AB 0.25% 12.7m 732.4k -48 013
45 SKANDINAVISKA ENSKILDA BANKEN AB 0.24% 12.61m 727.4k
46 BNP PARIBAS 0.24% 12.6m 726.5k
47 RIEBER ULF JOHAN 0.24% 12.57m 725k
48 RASCHE INVESTERINGER AS 0.24% 12.49m 720.2k
49 NORDNET LIVSFORSIKRING AS 0.24% 12.28m 708.2k pluss+4 680
50 SKANDINAVISKA ENSKILDA BANKEN AB 0.24% 12.1m 697.9k
51 Other investors 14.50% 746.8m 43.07m -189.8k

Ser det har vært noe ombytting en veldig stor post over 11 aksjer
Nå står den på konto hos J P Morgen SE
Hvem aktør kan står bak denne?
Kan vel virke som det hende noe noen snart?
DnB også kjøpt mye i det siste også.

Still på Link tråen for tiden.
Hva tror man om utviklingen på kursen fremover.?
Først må vel salget og pengene fra US salget komme box.
Så vi se hva som hender videre . Vill det samme hende med Link som hos Kahoot ?

Oversikt for LINK (LINK MOBILITY GROUP HOLDING ). Oppdatert VPS 29.12.2023

01 CITIBANK, N.A. 35.26% 1 847.8m 104.7m PLUSS +10 819
02 KARBON INVEST AS 5.37% 281.27m 15.95m
03 FOLKETRYGDFONDET 4.14% 216.73m 12.29m
04 THE BANK OF NEW YORK MELLON SA/NV 3.77% 197.63m 11.2m
05 VERDIPAPIRFONDET DNB SMB 2.73% 143.25m 8 121k
06 SUNDT AS 2.36% 123.66m 7 010k
07 J.P. MORGAN SE 1.80% 94.39m 5 351k
08 SKANDINAVISKA ENSKILDA BANKEN AB 1.70% 89.16m 5 055k
09 DANSKE BANK 1.61% 84.6m 4 796k INN
10 BARCLAYS CAPITAL SEC. LTD FIRM 1.59% 83.11m 4 711k INN PLUSS +1 995k
11 VERDIPAPIRFONDET FIRST GENERATOR 1.50% 78.34m 4 441k
12 THE BANK OF NEW YORK MELLON SA/NV 1.41% 73.94m 4 192k
13 J.P. MORGAN SECURITIES PLC 1.34% 70.42m 3 992k PLUSS+ 6 909
14 VERDIPAPIRFONDET DNB NORGE 1.18% 61.59m 3 491k
15 DEFA ENDEAVOUR AS 1.16% 60.69m 3 440k
16 CLEARSTREAM BANKING S.A. 1.11% 58.26m 3 303k
17 VERDIPAPIRFONDET DELPHI NORDIC 1.06% 55.51m 3 147k
18 EM KAPITAL AS 1.02% 53.35m 3 025k
19 THE BANK OF NEW YORK MELLON SA/NV 0.90% 47.34m 2 684k PLUSS + 56 875
20 J.P. MORGAN SE 0.88% 45.9m 2 602k
21 THE BANK OF NEW YORK MELLON SA/NV 0.84% 43.81m 2 484k
22 VERDIPAPIRFONDET DNB NORDEN 0.74% 38.66m 2 192k
23 VERDIPAPIRFONDET EQUINOR AKSJER NO 0.69% 36.37m 2 062k
24 J.P. MORGAN SE 0.69% 36.08m 2 045k
25 VERDIPAPIRFONDET FIRST GLOBALT 0.69% 36.06m 2 044k
26 TIGERSTADEN INVEST AS 0.67% 35.28m 2 000k
27 SAXO BANK A/S 0.58% 30.31m 1 718k
28 SORA AS 0.55% 28.93m 1 640k PLUSS +5 000
29 THE BANK OF NEW YORK MELLON SA/NV 0.55% 28.7m 1 627k
30 DANSKE BANK A/S 0.54% 28.25m 1 601k
31 J.P. MORGAN SE 0.54% 28.2m 1 599k
32 KONTRARI AS 0.51% 26.49m 1 502k -98 047
33 BANK PICTET & CIE (EUROPE) AG 0.50% 26.12m 1 480k
34 THE BANK OF NEW YORK MELLON SA/NV 0.46% 24.08m 1 365k
35 VERDIPAPIRFONDET DELPHI NORGE 0.46% 23.86m 1 353k
36 CARUCEL FINANCE AS 0.45% 23.81m 1 350k
37 CITIBANK EUROPE PLC 0.43% 22.74m 1 289k
38 F2 FUNDS AS 0.34% 17.64m 1 000k
39 F1 FUNDS AS 0.30% 15.88m 900k
40 AS AUDLEY 0.30% 15.64m 886.8k
41 J.P. MORGAN SECURITIES PLC 0.29% 15.22m 862.9k -2 100
42 NORDNET BANK AB 0.28% 14.57m 826.2k -413
43 VPF FIRST OPPORTUNITIES 0.28% 14.51m 822.3k
44 RIEBER ULF JOHAN 0.25% 13.23m 750k
45 J.P. MORGAN SE 0.25% 13.07m 740.7k -11.2m
46 AVANZA BANK AB 0.25% 12.86m 729.3k -200
47 SKANDINAVISKA ENSKILDA BANKEN AB 0.24% 12.83m 727.4k
48 BNP PARIBAS 0.24% 12.81m 726.5k
49 RASCHE INVESTERINGER AS 0.24% 12.7m 720.2k
50 SKANDINAVISKA ENSKILDA BANKEN AB 0.23% 12.31m 697.9k
51 Other investors 14.72% 771.15m 43.69m 395k

Da er dealen closet og pengene på bok, 2.2 milliarder + USD 10m i selgerkreditt med 5% rente samt earn out på inntil USD 30 millioner.

LINK Mobility - Closing of Message Broadcast divestment

Reference is made to the announcement by LINK Mobility (LINK) on 7 November 2023 regarding the divestment of Message Broadcast. LINK has today closed the transaction in accordance with previous communication and completed the divestment.

Da blir det spennende hva som hender videre.
Kommer Link til å gjøre noen oppkjøp?
Eller er selskapet nå blitt mer en mulig oppkjøpskandidat ?

Blir den haltet fra start i dag?

Haltet? Nei, transaksjonen er bare closet. Haltet måtte i så fall indikere en annen situasjon.

Men mye cash på konto nå, litt over 2.2 milliarder i går i tillegg til 1.1 milliarder basert på Q3 balansen, samt ytterligere NOK 400 millioner+ basert på earn out og selgerkreditt.

Sparebank take:

• Link Mobility (+): Yesterday after close, Link Mobility announced that they had closed the divestment of Message Broadcast at an enterprise value of USD260m (in line with our thesis of closing in 1Q24 and hence, triggers zero estimate changes). However, this is very important for the equity story for three main reasons we argue. First, we have received pushback from several parties related to the risk of the deal being closed given the limited disclosure of the buyer(s), details on due diligence, etc. when the deal was announced (the share jumped from ~NOK12 to ~NOK16 at announcement). This risk is now out of the question. Second, this significantly de-lever the company from having a NIBD of NOK3.114m as of 3Q23 to NIBD of NOK848m as of closing assuming zero cash generation from 3Q23 given that the majority of the settlement, ~NOK2.2-2.3bn, will be received at closing (January 2024). Therefore, on our estimates, Link Mobility is estimated to go from NIBD/EBITDA of 5.1x as of year-end 2023 to 0.3x as of year-end 2024 (assuming zero M&A), lowering cost of capital in the company. Finally, including Message Broadcast, we modelled free cash flow to equity per share (“CEPS”) of NOK2.0 in 2025 with a corresponding NIBD/EBITDA of 1.8x. On our current estimates, excluding Message Broadcast, we model CEPS og NOK1.6 (which at P/E 15x give our NOK25 target), but with a NIBD/EBITDA of -0.9x. To get back to CEPS of NOK2.0, LINK need to acquire some NOK175-200m in EBITDA and at ~6x (the multiple for smaller unlisted European names according to our market sources), we end up at NIBD/EBITDA below 0.5x. There you have the beauty of the deal. Bottom line: even though Message Broadcast was a great asset that was accretive on growth and margins, the alternative cost on that cash more than compensate, in favour of “new Link Mobility”, and our recommendation is to (continue to) buy the share.

Registrerer at Sundt AS kjøper aksjer igjen og har nå 7.4 mill aksjer. De begynte vel å kjøpe aksjer rundt NOK 9-10

Good investment summary of the Link Mobility case

It is titled SpareBank’s Top Idea for 2024. Worth the read!

https://fitinvestmentideas.com/2024/01/24/link-mobility-sparebank-top-idea-for-2024/

30-38 et sted.

ABG

Yet another solid report, we lift '24e-'25e by 1-2%
Link delivered a solid Q1 report, with 11% organic GP growth y-o-y, driven by a very strong performance in Western Europe. Opex was burdened by unusually high bad debt provisions of NOK 9m, but excl. this, it was in line. In terms of M&A outlook, Link says that it has a list of 11 prioritised targets with a combined EBITDA of EUR 40m, of which over NOK 200m in Europe. Management has previously stated that it expects to acquire targets at 6-8x cash EBITDA vs. its own multiple of 13x. Hence, it seems that Link is getting close to resuming its previously successful M&A strategy. We would expect the first deal to materialise within a few months. Following yet another solid quarter, we lift '24e adj. EBITDA by 1% and '25e-'26e by 2%.

Stable, growing business with low churn
Following the US exit, Link has returned to its roots of A2P messaging in Europe with a focus on SMB/enterprise. This is a stable business driven by repeat business and upsell to over 50k customers with low single-customer dependency, low churn of only ~1%, 2/3 of revenue from non-cyclical verticals (telco, banking, software platforms) and ~80% of revenues from relatively stable use cases (notifications). Link has a track record of growing GP by ~10% organically, boosted by accretive M&A and increasing margins by ~1.5pp per year. We expect this to continue.

BUY, TP NOK 30
Link is still trading at undemanding multiples of 13.5-10x '24e-'26e EBITA and 8-10% FCF yields. At current multiples, we argue that Link's stable, defensive characteristics and its structural growth are not yet fully appreciated by the market. Hence, we reiterate BUY and our TP of NOK 30, corresponding to 5-6% '24e-'25e FCF to EV yields.

Ja da fikk vi liten oppgang i dag til sluttkurs på kr21,50 omsetting opp mot 20mil.Så da venter vi på noen god nyheter vedr at Link gjør noe oppkjøp .