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January 6th, 2022 | 12:37 CET

Gazprom, Desert Gold, TeamViewer - Nothing ventured, nothing gained

  • Gold
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Opportunity and risk are two sides of the same coin when it comes to investing. When the market misses opportunities over a long period of time or prices in risks excessively, investment opportunities arise. Timing and investment horizon are equally part of the decision-making process. The three stocks mentioned are in an exciting phase - reason enough for a closer look.

time to read: 3 minutes | Author: Carsten Mainitz

Table of contents:

    Bill Guy, Chairman, Theta Gold Mines Limited
    "[...] Both the geology and the infrastructure around the project make for a very attractive cost structure. We expect to be able to produce at 50% of the current gold price. [...]" Bill Guy, Chairman, Theta Gold Mines Limited

    Full interview


    Gazprom - P/E ratio of 3!

    The world's largest natural gas producer is a classic example of how political and country risks can negatively impact a company's valuation. Gazprom controls the Russian gas industry to a large extent and has a monopoly on natural gas exports. The Company owns the world's largest natural gas pipeline network with a total length of 171,200 kilometers. The Russians account for 15% of global production. The majority is consumed domestically, with exports to more than 30 countries.

    The commissioning of the Nord Stream 2 Baltic Sea pipeline would allow the Russian state-owned Company to significantly expand its footprint in Europe once again. Despite all the problems, a start-up this year seems likely. The industry leader brings a market capitalization of USD 111 billion, valuing it at just 0.7 times expected 2022 sales. On the earnings side, the discounts become even more pronounced. The 2022 P/E ratio is a modest 3! Comparable commodity companies are valued at least twice as high. Analysts believe the shares will rise 27% this year. The estimated 15% dividend yield is on top of that.

    Desert Gold Ventures - January is going to be hot!

    Desert Gold Ventures focuses on gold deposits in Mali, West Africa. The state is the continent's fourth-largest gold producer. The SMSZ project, named after the shear zone between Senegal and Mali (Senegal-Mali Shear Zone), is the key asset. The property covers a vast area of 410 sq km and is the region's largest contiguous non-producing land package.

    Geographic proximity to several producing Tier 1 gold mines underscores the potential. Late in the year, the Company reported new drill targets, among other things. More importantly, however, was the announcement that the first NI 43-101 compliant resource for the SMSZ project will be released before the end of January. The share price should then be much higher. Currently, the market capitalization is a moderate CAD 21 million.

    Recently, the Canadians announced to have started follow-up drilling on Gourbassi West North Zone on a planned length of 1,500m. The Gourbassi West North target is located in the southwestern portion of the SMSZ project and showed a new near-surface gold discovery last year. Upon completion of the drilling campaign, the nearby Mogoyafara South and Linnguekoto West zones will be targeted.

    Jared Scharf, President and CEO of Desert Gold, stated, "After being chased away by rains last season and only being able to complete one drill fence on this target, we are very pleased to be able to drill again so soon. This target is very exciting as it appears to be the widest gold zone we have seen on the entire property package. This initial program should be completed quickly, and results will be released as soon as they are available."

    TeamViewer - Not yet done

    Even the best jurisdiction or cast of megatrends will not help if a company has the wrong focus. Founded in 2005, the Göppingen-based Company has established itself as a major connectivity solutions provider. These make it possible to remotely access, control, manage, monitor and repair devices of all kinds. TeamViewer's software has been installed on more than 2.5 billion devices worldwide. In addition to residential customers, the Company also has more than 600,000 paying enterprise customers.

    The stock market story also started well, and the stock was considered a digital Corona profiteer. But in 2021 came the crash. Far too expensive sponsorship deals costing the Company about 10% of revenue, weaker-than-expected business performance, and profit warnings sent the share price plummeting. On the way to regaining lost investor confidence, the departure of the CFO was an insignificant side note. The question of the long-term profitability of the business model remains. With a market capitalization of 2.4 billion, the Company is still valued at 5 times sales. If TeamViewer does not surprise positively soon, the share could drop even further and then the Göppingen-based Company would be a takeover target.

    Gazprom attracts with a very low company valuation and a princely dividend. TeamViewer is turnaround speculation, although even lower prices are more likely. We see the greatest potential in the Desert Gold share. The size and quality of the project will not disappoint patient investors. The first resource estimate will be published this month.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

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    Der Autor

    Carsten Mainitz

    The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.

    About the author

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