contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


basware-adds-sievo-to-its-application-partner-ecosystem

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Hi @Pyyleva! We haven’t had a sell recommendation for Basware during my monitoring, nor was there one at the time the tender offer was published   However, I couldn’t predict the tender offer, and it was met with a recommendation in the wrong direction, that’s true  Tender offers are almost without exception options, on which I think it’s quite dangerous to build a recommendation - usually, offers arise in a situation where some external bidder is willing to take a view that deviates from the market (=offering shares at a premium to the current share price). At this point, our recommendation aligned with the market’s view up to the offer (before the offer, the share price had fallen from 26.5e to 20.6e with a reduce recommendation).

Indeed, Basset’s price would have come down from the level before the redemption (April 13, 2022; EUR 20.60).  If not quite halved as in Coupa’s case, then perhaps EUR 15 or so…

The share price would certainly be 20 euros now without the redemption, if not well below? Inderes boosted it with a strong sell recommendation just before the redemption. They didn’t quite hit the mark again.

It’s no longer worth trying to buy Basware on the stock exchange, trading has ended with a redemption of EUR 40.10.  The stock price has been quite flat for the last 5 years if you compare the start and end points, but there have been considerable dips in between, thanks to the abysmal VVK (2019), Corona (2020), rising interest rates (2022), not to mention the company’s own contribution. I don’t feel like digging up the reason for the 2018 drop, nor do I remember it, as I didn’t own it back then.   I checked an American peer, Coupa, whose valuation made me, as a Basse owner/swinger, quite envious: the Market Cap was on a different planet, you see. Now Basware’s Market Cap ended at 580, revenue in 2021 was 153 MEUR, net profit -15 MEUR.  Coupa’s Market Cap yesterday was 4760 MEUR, revenue in 2021 was 725 MEUR, net profit -380 MEUR.  According to the most recent quarter, the annual run-rate revenue is approx. 800 MEUR, net profit -300 MEUR. Coupa has traditionally achieved growth through acquisitions somewhat outside the actual Basse business.  One can conclude that Coupa has not become free despite a strong downward trend in its stock price. If one amusingly compares Basse’s redemption price to Coupa’s valuation (by scaling revenue):  153/800 x 4760 = 910 MEUR, meaning Coupa is still valued >50% more expensively than Basse in the redemption situation in the aforementioned manner. Interestingly, last week, speculation was reported that PE Vista had been exploring a Coupa privatization. That explains the latest push to the > 60 USD level. Before that, the price had fallen to 45 USD.  If you further remove that speculated premium from Coupa’s valuation, the valuation was only relatively marginally more expensive than Basse’s redemption price. Conversely: after April 14, when Basse’s redemption was announced, Coupa’s share price has halved from the 100 USD level to that 45-60 USD range.   → Basse’s redemption came at just the right time, it could very well be 20 EUR or so again without the redemption.                      Yahoo Finance              Analysts See Sharp Premium On Vista's Speculated Takeover Of Coupa Software    Credit Suisse analyst Fred Lee reiterated Underperform on Coupa Software Inc (NASDAQ: COUP) with a $60 price target. Vista is in talks to acquire COUP, Bloomberg reported. Vista's founder and CEO recently (Aug-22) discussed the company valuation...

The redemption price is likely “equal” to 40.10 for all shares, and the trustee referred to in the letter was appointed on August 19th. Indeed, a statement regarding the arbitration court’s decision can be submitted to the redemption board by September 21st. If no obstacles arise, an announcement of the trading suspension could be expected soon after that date? Then they will check the latest ownership data and redeem the remaining <4% of the shares?

Let’s redeem it at the price determined by the arbitration court, if this isn’t appealed. The price could, in principle, be even €45, but in this case, it’s unlikely to increase.

I’d also like an answer to this… will the remaining shares be forcibly redeemed at a little over €40, and is it possible to make a profit by selling them for under €40 on the stock exchange? If I don’t respond to the letter at all, will I apparently be paid €40.1 for them?

Basware

Leader in Spend Analysis Complements P2P SuiteEspoo, Finland - 18 August 2020 - Basware (https://www.basware.com/en-gb/news/) (Nasdaq: BAS1V) announces the addition of a leading procurement ...

Leader in Spend Analysis Complements P2P SuiteEspoo, Finland - 18 August 2020 - Basware (<a href="https://www.basware.com/en-gb/news/">https://www.basware.com/en-gb/news/</a>) (Nasdaq: BAS1V) announces the addition of a leading procurement analytics SaaS company to its partner ecosystem. Sievo's technology will provide Basware customers with additional complementary specialist services to Basware's existing procure-to-pay suite."Last year Basware moved forward with a new strategy that addressed the entire source-to-pay ecosystem," said Sami Peltonen, VP P2P Solutions, Basware. "Business analysts have widely acknowledged that a single end-to-end solution falls far short of perfection in the complex enterprise P2P ecosystem - no one provider does it all. By bringing on application partners that are best-of-breed, Basware can offer customers exactly what they need in a holistic ecosystem that offers the best of the best."Basware launched its application partner program last year. Supported by API-based architecture, customers can manage suppliers and spend in Basware's core platforms, while capitalizing on complementary specialist services.Established in Finland in 2004, Sievo offers spend analysis, savings lifecycle, spend forecasting, contract management, procurement benchmarking and 3[rd] party data enrichment solutions."We are pleased to bring our expertise to the Basware ecosystem," said Sammeli Sammalkorpi, CEO of Sievo. "We share the same vision with Basware that best-of-breed specialists are needed to get the best functionalities within each source-to-pay domain. Sievo can seamlessly integrate Basware data into its analytics platform to provide AI-powered insights to end users."Application partnerships allow customers to gain 100% spend visibility by utilizing Basware as their single, primary spend management provider, augmented by seamlessly integrated partner solutions, providing greater flexibility and depth. Since Basware customers typically collect 100% of their invoices within Basware's AP automation solution, that means 100% of their supplier spend is also collected and processed within Basware. The invoice data in this "hub" becomes critical to business performance, supplier performance and future strategic spend management decisions.To learn more about Basware's enhanced API architecture and how it will change the landscape in the future, read here (<a href="https://www.basware.com/en-gb/blog/august-2019/new-alliances-for-business-success/">https://www.basware.com/en-gb/blog/august-2019/new-alliances-for-business-success/</a>).#  #  #