ADVANCED BLOCKCHAIN AG Advanced Blockchain AG: GBC AG Publishes Research Report with Target Price of EUR 10.00 and Buy Rating
Transparency directive : regulatory news
14/07/2022 09:00
|
DGAP-News: Advanced Blockchain AG
/ Key word(s): Cryptocurrency / Blockchain/Rating
Advanced Blockchain AG: GBC AG Publishes Research Report with Target Price of EUR 10.00 and Buy Rating
14.07.2022 / 09:00
The issuer is solely responsible for the content of this announcement.
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) announces that GBC AG (www.gbc-ag.de/), has published an updated, initial coverage research report with a target price of EUR 10.00 and a buy recommendation (http://www.more-ir.de/d/24603.pdf).
The valuation is based on the NAV approach and takes into consideration the diversified portfolio of Advanced Blockchain AG and its subsidiaries at an enterprise value of EUR 83 million. Due to the decline in the crypto markets, GBC AG applied a discount of 55% to this value and stated the enterprise value at EUR 37.75 million and the value per share at EUR 10.00, respectively.
In due course, GBC AG analysts Julien Desrosiers, Matthias Greiffenberger, and Felix Haugg will document the operational and strategic development avenues of Advanced Blockchain AG through their research.
Advanced Blockchain AG has also published a detailed management interview that was conducted by GBC AG, with news regarding the company's path moving forward (https://www.dgap.de/dgap/Documents/Research/?companyID=390313&documentId=71399005). Advanced Blockchain AG has published an investor update as well (https://blog.advancedblockchain.com/advanced-blockchain-ag-investor-letter-q2-2022/).
About Advanced Blockchain AG:
Advanced Blockchain AG (Scale, Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a venture builder and investor in the blockchain industry with an extensive team of analysts, developers, programmers, economists, and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and innovates in different ecosystems and markets of the industry.
For more information about Advanced Blockchain AG, its various projects, and investments, please visit: https://www.advancedblockchain.com/.
14.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
|
| Language: |
English |
| Company: |
Advanced Blockchain AG |
|
Scharnhorststraße 24 |
|
10115 Berlin |
|
Germany |
| Phone: |
+4930403669510 |
| Fax: |
030403669511 |
| E-mail: |
info@advancedblockchain.com |
| Internet: |
www.advancedblockchain.com |
| ISIN: |
DE000A0M93V6 |
| WKN: |
A0M93V |
| Listed: |
Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: |
1397649 |
| |
| End of News |
DGAP News Service |
1397649 14.07.2022
