0R15 9263.0 5.0108% 0R1E 8452.1602 1.1266% 0M69 17150.1406 36.2203% 0R2V 172.4 -2.4335% 0QYR 1461.5286 -0.4069% 0QYP 428.0701 1.1986% 0LCV 139.42 -2.0239% 0RUK 2966.5117 1.5233% 0RYA 1810.0 2.1445% 0RIH 148.0 0.339% 0RIH 148.44 0.6373% 0R1O 177.75 10071.6738% 0R1O None None% 0QFP 9346.083 85.4382% 0M2Z 284.6256 0.0529% 0VSO 25.39 -28.6898% 0R1I None None% 0QZI 511.0 2.8169% 0QZ0 220.0 0.0% 0NZF 839.5385 68.4467%
Auto Trader Group PLC
Auto Trader Group PLC (LON: AUTO) is a FTSE 100 listed digital automotive marketplace.
Investment Rationale – EXPENSIVE at GBX 718.00
Share Price Chart
(Data Source: REFINITIV, analysis done by Kalkine Group)
Conclusion
Based on the weak auto market, supply chain bottlenecks, macroeconomic turbulence, overstrained share prices, we have given an “EXPENSIVE” recommendation on Auto Trader Group PLC at the closing price of around GBX 718.00 (as on 12 November 2021), while we look forward to reinvesting when business travel demand picks up or there is any financial guidance.
Quartix Technologies PLC
Quartix Technologies PLC (LON: QTX) is a FTSE AIM All-Share listed entity that provides vehicle tracking systems and services to the fleet and insurance sectors.
Investment Highlights – SPECULATIVE BUY at GBX 405.00
Key Risks
CEO Succession Update and Trading Update (as on 13 October 2021)
(Source: Company Website)
One Year Share Price Chart
(Data Source: Refinitiv, Analysis done by Kalkine Group)
Valuation Methodology: Price/Earnings Approach (FY21) (Illustrative)
Conclusion
Looking ahead, QTX projects FY21 financials to be in line with the market expectations on the back of strong subscription. As economic activities are gaining pre-Covid-19 momentum, it shall support the business prospects going forward.
Notwithstanding, subscribers should scan their risk-return profile before punting on this speculative stock amid poor new car sales in October 2021. The stock made a 52-week high and low of GBX 580.00 and GBX 352.00, respectively.
Based on the fleet revenue increase, resilience profitability, increased subscription, with support from the valuation as done using the above method, we have given a “SPECULATIVE BUY” recommendation on Quartix Technologies PLC at the closing price of GBX 405.00 (as on 12 November 2021), with lower double-digit upside potential based 56.84x Price/NTM Earnings (approx.) on FY21E earnings per share (approx.).
*All forecasted figures and Industry Information have been taken from REFINITIV.
*Dividend Yield may vary as per the stock price movement.
*The reference data in this report has been partly sourced from REFINITIV.
*Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached or if the price closes below the support level (indicative stop-loss price).
Disclaimer
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