Post the acquisition of Airsight in 2019, Maestrano has re-focussed its business model on transport analytics and software solutions. Customers across Australia, UK and other rail markets (ARTC, Meitetsu, Network Rail) provide ‘proof of concept'. Maestrano has now raised £2m of equity growth capital, by placing 15.3m new shares at a price of 13p. We are reinitiating research coverage on Maestrano (AIM: MNO). Our recommendation is Buy and our valuation is 47p (£72m)
04 Mar 2021
Maestrano* - All Aboard: Exciting New Equity Story
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Maestrano* - All Aboard: Exciting New Equity Story
Cordel Group PLC (CRDL:LON) | 3.5 0 0.0% | Mkt Cap: 6.98m
- Published:
04 Mar 2021 -
Author:
Alex DeGroote -
Pages:
34
Post the acquisition of Airsight in 2019, Maestrano has re-focussed its business model on transport analytics and software solutions. Customers across Australia, UK and other rail markets (ARTC, Meitetsu, Network Rail) provide ‘proof of concept'. Maestrano has now raised £2m of equity growth capital, by placing 15.3m new shares at a price of 13p. We are reinitiating research coverage on Maestrano (AIM: MNO). Our recommendation is Buy and our valuation is 47p (£72m)