September 19th, 2022 | 11:12 CEST
Nordex, Aspermont, TeamViewer AG - New opportunities for growth stocks
Table of contents:
TeamViewer AG - New selling pressure
The crash of the former hopeful of the German tech sector continues. After a price loss of almost 34% since the beginning of the year, there is again the threat of marking a new annual low, which is likely to generate a new sell signal and lead to significantly lower quotations. The low for the year to date is EUR 8.86. After a weak countermovement up to a performance high of EUR 11.19, the TeamViewer share turned down again. It is now trading at EUR 9.36, slightly above the low from the beginning of July. Another negative aspect is that both the trend-following indicator MACD and the relative strength indicator on a weekly basis are facing new sell signals.
While the market is still relatively pessimistic about whether the specialist for remote maintenance and video conferencing software will be able to keep its forecasts this year, insiders continue to commit themselves to the Goeppingen-based company. In addition to CFO Michael Wilkens, who subscribed to TeamViewer shares with an equivalent value of around EUR 250,000 at the beginning of the month, Peter Turner, Chief Commercial Officer, has followed suit with around EUR 140,000. Turner is responsible for marketing, including product offerings and pricing, and TeamViewer's e-commerce division.
Aspermont - The scaling machine is running
Last week, the management of the Australian B2B service provider Aspermont was on a roadshow in Germany and was able to impress the mainly institutional investors. CEO Alex Kent expects to grow by at least 20% annually in all business areas. The figures presented for the 3rd quarter of 2022 confirm this optimistic forecast of the Company leader. Aspermont has steadily grown its Content-as-a-Service subscriber service over the past seven years despite frequent market turbulence, the COVID-19 pandemic, global inflationary pressures and market volatility. The annual order value of AUD 9.85 million was 4% higher than the previous quarter and 13% higher than the same period last year. The average revenue per unit is now over AUD 1,500, up 7.2% from the previous quarter and up 27.5% over the last 12 months.
Thanks to Aspermont's healthy financial position - the Company is debt-free and currently has more than AUD 7 million in cash - higher investments in new CaaS products are possible with increasing profit margins, the Company said.
According to the report, the newly launched financing platform "Blu Horseshoe" has already made an impact after just a few months. By establishing a joint venture with the established and high-profile partners International Pacific Capital (IPC) and Spark Plus, an association was formed that is unique due to its decades-long network, and it is likely to enjoy a unique selling point within the commodity and financial markets on the Australian Stock Exchange (ASX). Blu Horseshoe offers qualified clients access to the lucrative secondary emissions market on the Australian Stock Exchange. The new platform was launched in Australia three months ago and has already proven to be a leader in delivering transactions to investors in this market. In doing so, Blu Horseshoe serves as a pilot in Australia and could be rolled out to other geographic markets at any time.
Aspermont has a market capitalization of AUD 65.59 million. In contrast to the broad market, the share price has been able to move sideways in recent months. A striking buy signal will be generated if the resistance at AUD 0.033 is exceeded. The analysts at GBC gave the share a "buy" rating after the figures, with a price target of AUD 0.11.
Nordex - Further downward movement underway
The chart picture for wind turbine manufacturer Nordex looks similarly modest as for TeamViewer. Here, too, there was a countermovement after the lows at the beginning of July at EUR 6.97, which, however, turned out to be too weak with an interim high at EUR 10.02. The share price has been on a downward trend since April 2021. At least an overcoming of the downward trend formed since April 2021 at EUR 12.31 would have been a mandatory task to make the price picture look more positive again. The price at currently EUR 9.31 again threatens to target its low for the year. Should this prominent support level not hold, the Corona lows at EUR 4.85 would be the next target.
Fundamentally, the Hamburg-based company continues to suffer from high production and energy costs, which pushed the EBITDA margin in the second quarter well into negative territory at -8.1%. However, there is no lack of orders. In July alone, the Company received 10 new orders for a total of 102 MW. The Nordex Group delivered 19 turbines for various customers, including projects in Baden-Württemberg, North Rhine-Westphalia and Mecklenburg-Western Pomerania. In the first half of 2022, the Nordex Group installed a total of 95 turbines with 440 MW in Germany, although not all turbines could go into operation as planned.
In recent months, the tighter monetary policy of the central banks has weighed on growth stocks from the technology sector in particular. Nordex and TeamViewer face further trouble if they reach a new low for the year. By contrast, Aspermont, driven by the new Blu Horseshoe placement platform, is making good progress and can significantly leverage its economies of scale.
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