Affärsvärlden maintains its buy rating for the technology company Tagmaster, according to a comment on Wednesday.
Tagmaster is making its largest acquisition to date and more than doubles its sales in the US. The company does not clearly disclose what the acquired business earns. The share price is falling and a new share issue is expected. The valuation remains low, the newspaper assesses.
“Today’s deal is relatively large, almost transformative. This usually increases the risk and can be somewhat dangerous for the share price. There is a risk that the share price will remain under some pressure until the new share issue has been completed and it becomes clearer how profitable the new Tagmaster will be. However, we are not changing our buy rating,” Affärsvärlden writes in its conclusion.
