UPDATE: ATOS
Undervalued unloved... One for 2014
- Poor topline numbers from ATOS this morning however looking further out the progression is there
- This weakness is another chance to get long with management confirming the worldline IPO this year and there foothold in payments where M&A is likely also this year…keep adding
Thu, 19 Dec 2013 15:27
- Compelling three-year plan starting 2014
- Balance sheet improvements with early redemption of convertible and settlement of the Dutch Pensions
- Recently won IT services provision contract for the Olympic Games until 2024
- The big catalyst for 2014 is the World Wide IPO
- Positive X-Read +ve from the Accenture call “We’re seeing signs of momentum across our businesses ..and a very healthy pipeline”
- Cheap to peers Cap and Accenture see attached Grab….
- Looking for EUR70-EUR75 at least
