January 21st, 2021 | 12:00 CET
Plug Power, Osino Resources, SAP - these values are being raised!
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"[...] Internally we expect the resource to significantly grow the deeper we mine. [...]" Dennis Karp, Executive Chairman, Manuka Resources
Subsidiary in the starting blocks
The IPO of Qualtrics on Nasdaq should have a positive effect on the German software giant SAP. The subsidiary plans to raise up to USD 1.47 billion, and the current market valuation is USD 13.3 billion. Due to the enormously high demand, the price range from USD 20 to USD 24 has been increased to currently USD 22 to USD 26. The initial listing should take place in February. Just two years ago, the Walldorf-based Company acquired the data analytics firm for USD 8 billion.
Relief for the SAP soul
After weak third-quarter figures and another profit warning, 2020 was a year to forget for the German software giant. The Walldorf-based Company is somewhat more optimistic about the current year. According to the Company, demand should slowly pick up, especially in the second half of the year. Therefore, the IPO of Qualtrics is not inconvenient. The US Company wants to pass the proceeds of the capital increase on in full to SAP. Even after the IPO, SAP remains the major shareholder with 84%, while investor Silver Lake holds just under 5%. The rest will go into free float. After the price slide in November to below EUR 90, the SAP share price could re-establish itself above the EUR 100 mark, currently at EUR 104.70. A jump above the EUR 108.40 mark is expected and would generate a strong buy signal. The target would then be to close the gap at EUR 122.50.
Gold made it to USD 1,960, but unfortunately, it did not go above the resistance in this move. Within just three days, the metal lost over USD 120 and is currently trading at USD 1.862. In the long term, due to the debt problems of almost all countries, we are very optimistic about the precious yellow metal and expect new highs in 2021 already.
Even if corrections to USD 1,740 initially are possible in the short term, one should consider promising shares' initial purchase positions. Fascinating at the moment is the share of Osino Resources.
The Canadian junior explorer is active in Namibia. In contrast to other African states, Namibia has legal security. 8% of Namibia's economic output is generated from the mining industry. The Canadians' flagship is Twin Hills Central, which lies southwest of Otjikoto and has been defined as 1.3 km long. Analysts at Echelon Capital Markets rated Osino as a "top pick" for the fourth quarter of 2020. The price target was set between CAD 2.30 and CAD 2.45. The current price is CAD 1.22.
Results show a rosy path
At the end of the year, the Canadians reported high-grade drilling results. Since the summer of 2020, 108 holes were drilled over a total length of 25,000 meters. The Company's management was more than positively surprised by the drilling results. It was announced that economic mineralization at Twin Hills Central could more than double to the east along 3,000 meters of strip length. These discoveries provide insight into the significant growth potential of the entire Twin Hills Central gold deposit and nearby satellite bodies along the strip and on parallel trends. Twin Hills West and Barking Dog's positive results are the best drillings to date in these areas. Exploration will be expanded over the next year. If the results are similar, the analyst firm Echelon will likely adjust the study and recalculate the price target.
Plug Power commits
Now the fuel specialist is also getting its Gigafactory. It is being built in the US state of New York, more precisely in Rochester, for USD 125 million. As early as July 2021, the American hydrogen pioneer's stacks and electrolysis plants' production capacities are to be significantly increased. In addition, the research and development department for stacks and the membrane electrode assembly is to be located in Rochester.
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