UPDATE: ATOS
Undervalued unloved... One for 2014
- Atos exits U.K. government WCA contract early after settlement (small +ve)
- It was a loss making contract so positive news. No timing or further details given
- Atos is still undervalued vs peers and while comps are lacking a catalyst the Worldline IPO is coming soon for Atos
- Further positive news for Worldline today with announcement of a partnership with Yapital
- Worldline continues on its way to becoming the Standard at Point Of Sale and continuing and improving its leadership in e-payment transactional services pre the IPO (Press release)
- Stay long, we are looking for EU73-EU75 post IPO
- 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
Undervalued unloved… One for 2014
- 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
