TEONE (Buy tp NOK3.2): Integration with Vendasta conducted

Sa2ri
TEONE 23.08.2018 kl 07:34 3722

SB1M er ute med en oppdatering etter gårdagens melding om at Vendesta nå er fullt integret med TEONE-ME. De opprettholder kjøpsanbefalingen på 3,20 og skriver blant annet følgende:


"SpareBank 1 Markets has during the last 12 months provided investment banking services to TEONE

TargetEveryOne AB | TEONEME NO

Successful integration of Vendasta

Conclusion
In April, TEO entered the North American market when they announced it had signed an agreement with Vendasta, a software company that builds a platform for helping local businesses with digital marketing (the number one platform for selling digital solutions to local businesses in the US and Canada). Indeed, sold exclusively through channel partners, including agencies, broadcasters, publishers, banks, telecoms and more, the Vendasta platform or marketplace enables 1) sales professionals to brand it as their own and prove re-sellable products and services to local businesses around the world and 2) TEO to distribute its digital marketing software and support through partnerships.

Opposite to LINK, which invested heavily in local sales resources, TEO has primarily based is scalable cloud-based software on partnerships. Therefore, we argue the full integration with Vendasta and launch stands out as a positive data-point, which in its simples form means that Vendasta subscribers (as mentioned above) can access TEO’s mobile marketing software directly from the “Marketplace”.

However, we have not included sales from Vendasta in our estimates, as it is difficult to quantify timing and amount of sales.

What’s new?
Earlier today, TEO announced the full integration with Vendasta

Best regards
Petter Kongslie
Equity Analyst"

Selskapet leverer forøvirg tall kommende fredag (23.08). Det skal svært lite til for å bevege kursen nordover, hvilket vi fort kan se skje de nærmeste dagene.
Redigert 20.01.2021 kl 20:28 Du må logge inn for å svare
Sa2ri
23.08.2018 kl 09:03 3699

Selskapet kom med tall I dag (my bad), og meldingen ser slik ut:

Interim report April - June 2018
Second quarter

· Net sales amounted to MSEK 6.1 (28.5)
· EBITDA amounted to MSEK -1.7 (2.3)
· EBIT amounted to MSEK -3.9 (-2.8)
· EBT amounted to MSEK -4.0 (-5.5)
· Earnings per share before dilutions amounted to SEK -0.08 (-0.15)
· Listed on Oslo Stock Exchange, Merkur Market

First half year

· Net sales amounted to MSEK 13.6 (57.6)
· EBITDA amounted to MSEK -5.9 (4.3)
· EBIT amounted to MSEK -10.3 (-5.7)
· EBT amounted to MSEK -14.4 (-11.3)
· Earnings per share before dilutions amounted to SEK -0.31 (-0.33)

Significant events after the reporting period

· After the reporting period TargetEveryone appointed Torkel Johannessen as
new CEO

The comparable 2017-numbers include the divested subsidiaries Vianett and
Sendega

CEO STATEMENT

The outstanding growth continues with 73% yoy

Good sales growth underpinned by good collaboration together with our partners
in Q2. This makes us confident that the upcoming months will show even better
development than we have seen so far this year. Our company moves forward with a
strategic core focus.

Growth continues

The second quarter shows that we maintain high growth on our core product even
though we had a demanding situation with full-quarter effect from the loss of
our biggest customer caused by bankruptcy, and significant management attention
on the IPO.

By mid spring, we also realized that we had been too occupied with selling our
new platform that will be launched this fall. We learned from this, and turned
our attention back towards our great current platform. This tactical change was
successful as we could see it reflected in the June sales figures. We also
notice that our partner model continues to develop successfully, which shows
that this strategic decision seems right so far. This is even before we have
started to sell through our North-American partner Vendasta. Our whole company
has also during the second quarter, put down a tremendous effort to integrate
with Vendasta, to ensure that they are ready to launch this August.

New CEO

I have tried to convince Torkel Johannessen to join our forces for several
years. The starting point was two years ago, when he joined our board. Thus, I
am proud to announce that Torkel Johannessen becomes the new CEO of
TargetEveryone from October 1st, this year. Torkel has extensive knowledge and
competence about our market and a great track record. He has been director of e
-commerce and the Omni channel in Norway's largest cosmetics company, VITA AS.
In total, he has more than 15 years of experience in digital media from the US,
the UK and the Nordic region and has worked for companies including Match.com,
Yahoo! and Egmont. I consider Torkel a brilliant person for this job, and I am
very satisfied that he comes on board. This will allow me to continue with full
effort on my greatest competence and interest - sales and business development.

Strategic focus

Due to changes in the Swedish SMS-payment business, we stopped delivering this
service in VMSPlay Sweden in May. This has been a running business for a long
time, even though it strategically has been outside our core. This has been a
low-margin operation, that now will be shut down, with costs removed. Besides
this, we generally monitor running costs carefully and remove and find synergies
where we can.

The development of our Spectrum platform is on track. This platform is even
faster, more solid and intelligent than our current. I am confident that this
will be a game changing launch this Fall, that will position TargetEveryone as
the leading MARTECH vendor in the Nordics.

Stockholm, Aug 2018

Björn Forslund, CEO

A presentation of the second quarter will be available on TargetEveryone´s
Investor page at 08.00 a.m. CET.
For further information contact:
Vegard Brattum
CFO
+47 977 00 338
vegard@targeteveryone.com

Certified Adviser:
Mangold Fondkommission AB (556585-1267)
Box 55 691 102 15 Stockholm
Telefon: +46 8 503 015 50
www.mangold.se

TargetEveryone AB (publ) is obligated to publish this information under the EU
Market Abuse Regulation. The information was provided by the above contact
person's auspices, for publication on August 23, 2018 at 07.30 a.m. CET.
About TargetEveryone

TargetEveryone is a leading MARTECH company that provides a cutting-edge
marketing solution, that helps customers target their market intelligently in a
swift and cost-effective manner. The cloud-based solution seamlessly helps the
user segment their customers, quickly create campaigns, and then distribute them
through email, SMS, Facebook, Twitter, LinkedIn or QR Codes. The solution is
based on big data to analyze and refine the customers behavior and demands.
TargetEveryone has over 3000 clients in more than 92 countries, and has
experienced strong growth as marketing investments continues to move from
traditional media to digital media. Customers include Nespresso, Coop, Vita,
Match, DNB, Krogh Optikk, Cirkel K and Red Cross. TargetEveryone´s headquarter
is in Oslo, with branch offices in Sweden, Holland, Portugal, India and USA.
TargetEveryone is listed on Nasdaq First North in Stockholm and Merkur Market in
Oslo.

https://newsweb.oslobors.no/message/457890
Redigert 20.01.2021 kl 20:28 Du må logge inn for å svare
BigJump
28.08.2018 kl 09:52 3551

KUNDER OCH NYA BUSINESSES (sidan 5 )

Det har varit ett nära samarbete med båda vår nordamerikanska partner
Vendasta och Telenor under andra kvartalet, för att få båda
avtal som är operativa. Vendasta lanserades föregående vecka och Telenor
är redo att börja sälja TargetEveryons produkt i höst
http://mb.cision.com/Main/15792/2598595/895774.pdf
Redigert 20.01.2021 kl 20:28 Du må logge inn for å svare
Sa2ri
03.09.2018 kl 07:31 3415

SB1M er ute med en oppdatering på TEONE-ME hvor de blant annet skriver følgende:

"A B2C multichannel SaaS marketing expert

Conclusion
TEO delivered a somewhat messy 2Q18 report. Indeed, due to changes in the Swedish SMS-payment business, TEO stopped delivering the services in VMSPlay in Sweden in May. However, we enjoy this move as 1) it is strategically outside the core and 2) it is significantly dilutive on EBITDA margins (15% gross margin). Moreover, revenues in 2Q18 showed 73% YoY growth in core revenues (transaction and licenses), even though TEO had a demanding situation with full-quarter effect from the loss of their biggest customer caused by bankruptcy (according to our understanding, Tilbords). In addition, Vendasta was launched a couple of weeks ago and Telenor is ready to start selling TEO's products this fall. Nevertheless, by excluding VMSPlay, our revenues is down, however, with accretive effect on cost from higher gross margin, our EBITDA in '18e to '20e is up SEK2-4m. Frankly, underlying gross margin in the quarter came in at 69%, which is above the guided range of 40-50%. Hence, we reiterate both our Buy rec. and NOK3.2 target price as we argue lower revenues, which is the basis for the valuation, if offset by sooner than expected EBITDA break-even driven by higher gross margin. Our target correspond to '20e EV/EBITDA and P/E of 9x and 15x, respectively.

Our analysis
• All-in-one, one-stop-shop digital multichannel marketing solution
It is the combination of 1) an all-in-one, one-stop-shop marketing solution, 2) the ability to utilize high quality customer data segmentation from the clients CRM and 3-party vendors (i.e. Bisnode), and 3) deliver multichannel distribution, we enjoy and argue is the competitive advantage.

• Scalable business model with high share of recurring revenues in a growing market
Coupled with 1) a SaaS model (where TEO owns the IP), which is based on attractive recurring revenues through a combination of i) subscription revenues to get access to the platform and ii) automated consumption based billing, 2) a partner-driven go to market strategy, in 3) a software automation market expected to grow at a CAGR of ~9% in until 2025, we argue TEO is positioned to leverage a highly scalable business model.

• We reiterate our Buy and NOK3.2 target
Our valuation is based on the strong relationship between EV/Sales and normalised EBIT margins and various valuation methods, all of which support our valuation. A software company should trade at EV/Sales multiple 1/10th of its achievable and normalized EBIT margin. With gross margins in the range 40-60%, normalized EBIT margins of 30-40% should be achievable for TEO, in line with SaaS peers. Consequently, a fair '19e EV/Sales (even in a loss-making scenario) should be around 4x to 5x. However, adjusted for short track-record and execution risk on our '19e revenue estimate we base our NOK3.2 target price on 3.3x '19e EV/sales.

Analysts
Petter Kongslie"
Redigert 20.01.2021 kl 20:28 Du må logge inn for å svare
BigJump
13.10.2018 kl 17:30 3050

Styreformann kjøpte 1,3 millioner aksjer på fredag!!! Ser vi endelig starten på re-prisingen av aksjen?
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Sa2ri
16.10.2018 kl 10:18 2962

Ny melding om et lite innsidekjøp forrige uke, denne gangen av CFO:

CFO Vegard Brattum acquires shares in the company
Vegard Brattum, CFO, has acquired 11 000 shares in the company. The purchases was made on October 11th and 12th. The average price on the shares purchased on October 11th was NOK 1.79, and the average price on the shares purchased on October 12th was NOK 1.80.

For further information contact:
Vegard Brattum
CFO
+47 977 00 338
vegard@targeteveryone.com

Certified Adviser:
Mangold Fondkommission AB (556585-1267)
Box 55 691 102 15 Stockholm
Telefon: +46 8 503 015 50
www.mangold.se

https://newsweb.oslobors.no/message/461327
Redigert 20.01.2021 kl 20:28 Du må logge inn for å svare
Sa2ri
17.10.2018 kl 15:17 2922

Nok et lite innsidekjøp ble meldt i dag:

COO Michael Irgens acquires shares in the company
Michael Irgens, COO, has acquired 7 000 shares in the company. The purchases was
made on October 12th. The average price on the shares purchased was SEK 1.82.
For further information contact:
Vegard Brattum
CFO
+47 977 00 338
vegard@targeteveryone.com

Certified Adviser:
Mangold Fondkommission AB (556585-1267)
Box 55 691 102 15 Stockholm
Telefon: +46 8 503 015 50
www.mangold.se

https://newsweb.oslobors.no/message/461407
Redigert 20.01.2021 kl 20:28 Du må logge inn for å svare
Sa2ri
29.10.2018 kl 10:22 2819

TargetEveryone has launched new online subscription solution
This weekend, TargetEveryone´s new online subscription solution was launched.
The solution makes it easy for small and medium sized customers to use
TargetEveryone´s campaign editor and multichannel distribution from all corners
of the world. After signing up and registering a credit card, any company can
now send SMS´s, create Mobile landing pages and utilize our E-mail distribution
system in just minutes. With our new online subscription solution we automate
and streamline the acquisition of small and medium sized customers, enabling our
sales-and partner teams to focus more on enterprise sized customers.

CEO Torkel Johannesen says:

I am both proud and glad to launch this solution after only a few weeks in the
company. I must honor my colleagues for working effectively and hard to get this
solution going in such a limited time. The Online Solution is a highly scalable
solution, capitalizing on our core services such as SMS, SMS Landing pages, E
-mail and campaign analytics. This part of our business has a truly global
reach, and I am excited to see how this will grow going forward.
For further information contact:
Vegard Brattum
CFO
+47 977 00 338
vegard@targeteveryone.com

Certified Adviser:
Mangold Fondkommission AB (556585-1267)
Box 55 691 102 15 Stockholm
Telefon: +46 8 503 015 50
www.mangold.se
About TargetEveryone

TargetEveryone is a leading MARTECH company that provides a cutting-edge
marketing solution, that helps customers target their market intelligently in a
swift and cost-effective manner. The cloud-based solution seamlessly helps the
user segment their customers, quickly create campaigns, and then distribute them
through email, SMS, Facebook, Twitter, LinkedIn or QR Codes. The solution is
based on big data to analyze and refine the customers behavior and demands.
TargetEveryone has over 3000 clients in more than 92 countries, and has
experienced strong growth as marketing investments continues to move from
traditional media to digital media. Customers include Nespresso, Coop, Vita,
Match, DNB, Krogh Optikk, Cirkel K and Red Cross. TargetEveryone´s headquarter
is in Oslo, with branch offices in Sweden, Holland, Portugal, India and USA.
TargetEveryone is listed on Nasdaq First North in Stockholm and Merkur Market in
Oslo.

https://newsweb.oslobors.no/message/462281
Redigert 20.01.2021 kl 20:28 Du må logge inn for å svare
BigJump
20.11.2018 kl 13:14 2567

CEO Torkel Johannessen acquires shares in the company
Torkel Johannessen, CEO, has acquired 55,191 shares in the company. The purchases was made on November 19th on both Nasdaq First North and Merkur Market. The average price on the shares purchased on Nasdaq First North was SEK 1.90, and the average price on the shares purchased on Merkur Market was NOK 1.90.
Redigert 20.01.2021 kl 20:28 Du må logge inn for å svare
Slettet bruker
09.10.2019 kl 18:54 1835

Strong buy.
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Slettet bruker
10.10.2019 kl 13:09 1723

Sverige går som en kule.bull

2 til 3kr ?
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Slettet bruker
11.10.2019 kl 23:57 1642

1.9kr neste uke?
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