Added to YB: 2024-10-14
Pitch date: 2024-10-12
247.ST [bullish]
24SevenOffice Group AB (publ)
-7.21%
current return
Author Info
No bio for this author
Company Info
24SevenOffice Group AB (publ) provides cloud-based AI–accounting/enterprise resource planning platform to automate business administration and allow for data driven decision making for small, medium, and large companies in Norway, Sweden, rest of Europe, Canada, and internationally.
Market Cap
SEK 1.6B
Pitch Price
SEK 6.21
Price Target
N/A
Dividend
N/A
EV/EBITDA
42.76
P/E
-22.25
EV/Sales
4.39
Sector
Software
Category
special_situation
24SevenOffice to Retain High-Growth Fintech and US Operations After ERP Sale
247.ST: MoU to sell ERP assets for SEK 2.4B, min SEK 20/sh dividend + SEK 3/sh cash. Retains high-growth assets: US biz, Masterplan, Fintech, Danish HCM. Board claims remaining biz potentially equal to sold ERP. New initiatives >45MSEK ARR. Stock @ 24.30 SEK, 1.8B EV. Deal not closed, details sparse. 64% shareholder support.
Read full article (4 min)