January 4th, 2022 | 07:19 CET
Steinhoff, TeamViewer, CoinSmart: With hope and despair into the new year!
Table of contents:
CoinSmart: Is the game-changer coming in Q1?
Low valuation, high growth, regulatory frontrunner and positive news in the pipeline: Based on this mix, CoinSmart is worth a look. The Canadian-based crypto platform operates in over 40 countries and is a full-service digital currency provider. In addition to crypto trading, CoinSmart also wants to offer credit cards, tokenization of tangible assets, NFTs, and derivatives and margin trading for active traders. In doing so, CoinSmart relies on regulation by local authorities. Only clear and transparent regulation ensures trust among customers and authorities and thus enables long-term growth. CoinSmart seems to be on the right track: in the first 10 months of 2021, customers increased from 26,500 to 158,600. The market capitalization is around EUR 40 million. Coinsmart's growth plans are ambitious. After a turnover of CAD 0.9 million in the current year, it is expected to be CAD 17.09 million in 2023. Therefore, the valuation seems favorable within the peer. Voyager's P/S is over 10, and at Netcoins, it is around 14, even if the companies do not follow completely identical business models.
There is important news coming up in the next few weeks. The next milestone is said to be a chatbot with artificial intelligence. CoinSmart CEO Justin Hartzman gave details in an interview in early December 2021: "The technology will be deployed in the next three months and is a game-changer for customer service. The software understands what customers are up to and analyzes movements on the website, previous searches, etc. In this way, the software can use AI to grasp even complex interrelationships and point out possible solutions. At the same time, we also uncover usability weaknesses in this way. As mentioned earlier, we aim to ensure that users always reach their goal easily and without obstacles." The full interview can be found here (https://news.financial/interviews/coinsmart-interview-this-crypto-platform-is-unique).
TeamViewer: When will the turnaround come?
TeamViewer shareholders would certainly be happy to hear positive company news. The share was one of the disappointments of the past year. Yet TeamViewer is active in an exciting market. The Company offers cloud-based software that enables users to collaborate online and provide remote support globally. Its services range from remote support of customers or employees to location-independent control, monitoring and managing equipment or complex machines and instruments to workflows supported by augmented reality. But last year, the Company gambled away a lot of trust and even had to vacate its place in the STOXX Europe 600 shortly before Christmas. Before that, there had already been several profit warnings, a controversial sponsorship deal with Manchester United, and the CFO's departure. The share price is currently hovering around EUR 11 to EUR 12 and is increasingly becoming the plaything of gamblers.
Steinhoff: Are the gamblers right?
Are the gamblers at Steinhoff right? The papers of the ailing retailer have multiplied in the past year. Not without reasons. Operationally, things seem to be going in the right direction. The German-South African group reported positive business developments of its subsidiaries, such as Pepkor. However, the legacy issues surrounding the accounting scandal smoldering since the end of 2017 have not yet been resolved. However, solutions seem to be found. Between Christmas and New Year's Eve, Steinhoff announced that it had reached a settlement in its legal dispute with creditors. The dispute with the former Tekkie Town majority owners had already been settled in mid-December. The plaintiffs had sold their shares in Tekkie Town to Steinhoff in 2016, received shares in the German-South African group in return, and thus essentially lost their assets just one year later. An important showdown will take place on January 24, 2022. That is when the Western Cape High Court will hear arguments in favor of recognizing the main settlement. So gamblers will get more food for thought at Steinhoff.
CoinSmart is an interesting bet on the crypto market and with an exciting newsflow in Q1. TeamViewer needs to convince operationally first to be able to win back trust. Steinhoff seems to be on a good path to closing the chapter on insolvency.
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