BioNTech, SunMirror, Steinhoff - Great News!

BIONTECH - Billion-dollar deals ahead

There are several pieces of good news for shareholders of the Mainz-based biotech Company. The European Union will purchase another 100 million doses of Covid-19 vaccine Comirnaty this year through a corresponding option agreement. As a result, the EU will now receive 600 million doses of the vaccine, 250 million of them in this quarter alone. 600 million units would theoretically be enough to vaccinate the majority of the European population. However, voices are being raised that the vaccination should be carried out three times instead of twice, as was previously the case.

For Germany, this means that promised deliveries for Q4 will already arrive in the current quarter, giving the country an additional 10 million vaccine doses per quarter. Thus, the gap caused by insufficient or missing quantities from AstraZeneca or Johnson & Johnson can almost be closed. Currently, 6.6% of all Germans are fully vaccinated and 19.8% are vaccinated 1 time. According to the WHO, herd immunity occurs when 60 to 70% of the population is vaccinated. The BioNTech vaccine is now the most important element in achieving this goal. From the current 2.5 million vaccine doses per week, the supply volume will be expanded to 3.4 million doses from next week and 5.1 million doses from the end of May.

In the longer term, the ongoing talks with the EU are of interest, as EU Commission President Ursula von der Leyen recently informed us. Agreements are to be reached on the supply of 1.8 billion BioNTech vaccine doses for the period between the end of 2021 and 2023. These are to be used for boosters as well as for childhood vaccinations. Part of the agreement includes full manufacturing in the EU, not only of the vaccine but also of all essential ingredients. The order size in question is a multiple of the volume shipped by the end of the year. Should such a deal succeed, the share price should continue to rise.

SUNMIRROR - Well diversified commodity holding Company

SunMirror participates as a holding company in promising commodity projects and companies. In doing so, SunMirror has focused on two areas: Gold and critical raw materials. According to the EU, the list of critical raw materials includes 30 elements where the economic importance of the respective raw material within the EU and the associated supply risk are high.

SunMirror has a portfolio of mining and exploration companies with prospecting and mining rights for gold, lithium, nickel, tin and iron ore, among others. The portfolio includes three properties in Western Australia: the Moolyella project (lithium, tin), the Kingston Keith project (gold and nickel), and the Cape Lambert project (iron ore). High-quality projects are part of the recipe for the success of emerging companies, as well as the ability to refinance sufficiently.
Recently, SunMirror announced the successful issuance of a convertible bond with a volume of USD 10 million. The convertible bond with conversion rights entitles the holders to acquire a total of 133,305 bearer shares with a nominal value of CHF 1.00, and the conversion price is CHF 70 per share. The convertible bond matures on May 30, 2022.

The shares of the Swiss are listed on the Austrian stock exchange (Direct Market Vienna) and in Germany. At a current share price of EUR 163, the Company is valued at EUR 326 million. Even though the portfolio contains many opportunities, this is a proud price for an exploration company. Interested investors should be aware of the low liquidity of the stock.

STEINHOFF - IPO of subsidiary Pepco coming soon?

The past still weighs on the Company. The crisis found its origin in 2017. For a long time, the German-South African trading group was the supposed number 2 in the European furniture industry and known in Germany for the furniture chain Poco. Then air bookings blew up and a huge accounting scandal revealed itself. So that the lights do not go out entirely at the group, which has several subsidiaries, the holding saved itself with two protective shield proceedings and has been negotiating a future with creditors for a long time.

A few weeks ago, CEO De Klerk outlined concrete plans to allow the group to survive and grow again. The European activities, which are combined in the Pepco group and are wholly owned by Steinhoff, were to be reduced by 25% to 30% by the end of the current half-year. In addition, the Australian subsidiary Fantastic Furniture should be listed by the end of the year. Also, shares in the South African group Pepkor, in which Steinhoff currently holds 68%, are to be used to satisfy creditors' claims.

At the end of last week, things became more concrete. Steinhoff announced a resolution, after which the necessary approvals of the creditors are now to be applied for. The aim is to enable a listing of the Pepco Group and the placement of the shares held by Steinhoff. If the creditors approve, new life will be breathed into the Steinhoff share.