TARGET CHANGE
CHANGE IN TARGET PRICE € 0.06 vs 0.07 -21.6%
The target price is reduced due to the declining DCF and NAV values. At such low prices, a slight change in the price brings about significant change.
CHANGE IN NAV € 0.10 vs 0.14 -27.4%
The NAV decrease stems from the massive dilution the company carried out in FY2022 with the number of shares increasing by more than 12x. The share issuance continued in early FY2023, further reducing the NAV.
CHANGE IN DCF € 0.09 vs 0.12 ....
