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
    }
    ... 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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Anton Damstén

Verve (Ticker: VER) is a fast-growing, profitable, digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with the mission, “Let’s make media better,” the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve’s main operational presence is in North America and Europe. Its shares are listed on the Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange. The company has three secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market.

Remco shopping. STOCKHOLM (Nyhetsbyrån Direkt) Verve’s CEO and major shareholder Remco Westermann has purchased approximately 32 thousand shares in the ad-tech company in a transaction worth half a million kronor. This is stated in the Swedish Financial Supervisory Authority’s (Finansinspektionen) insider register. The purchase was made on March 11 through the company Bodhivas at a price of SEK 16.15 per share.

Expansion into other markets. How can Verve’s platforms adapt to markets other than the US? The weight of the US in the business is so significant that one might hope that, over time, the relative weight of the US can be brought down by growing in new markets (preferably, of course, not in such a way that the US business tanks while other markets stay the same ). A more easily understandable explanation for the average investor regarding the recent technology news/release and how it affects Verve’s business/growth opportunities in practice. And cash flow is likely the biggest area of focus for (some) investors right now. Can Verve get back to its previous healthy cash flow levels in the medium term once the “one-off factors” from platform changes and the major customer that ran into trouble no longer have a negative impact? The situation in Iran/a potential oil crisis, if prolonged, is unlikely to directly affect Verve’s business (indirectly, certainly), but if interest rates start to rise already this year, how will Verve defend its profitability when interest on large debt is already eating up a large portion of the earnings?

There have been concerning signals from the US macro economy; for example, consumer credit card debt is starting to be maxed out. Since the US economy is consumer-driven, the risk of an economic recession is elevated. Among the first to suffer from a slowdown in the US economy would be the advertising market and Verve. It would be interesting to hear how Remco views the situation and what kind of plan they have in case the US macro risks materialize.

Great news. I don’t know how to phrase my question, but I hope there will be plenty of talk about the leverage ratio and its accumulation. I would like to see if the matter is on Remco’s mind a lot or if he is dodging the subject, or if the company has plans to dilute shareholders as the share price rises.

Hi everyone! I have now received confirmation that there will be a new interview with Remco next week. If you have any questions, please feel free to ask them here by replying to this post. Please send these by Monday, March 16th, at the latest. I will try to include as many questions as possible in the interview.

(Imagine some cheerful music here) Buy when the insiders buy                    Nordnet              Nordnet    Tee säästämisestä osakkeisiin & rahastoihin hauskempaa. Sijoittaminen osakkeisiin, rahastoihin ja ETF:iin ilman tarpeettomia kuluja. Tervetuloa Suomen tyytyväisimpien sijoittajien joukkoon! Avaa tili jo tänään!                             “Verve Group launches industry-first targeting capability activating conversational intent signals from major LLM environments   Verve Group becomes the first ad technology provider to activate conversational intent signals for targeting from leading Large Language Model (LLM) ecosystems   New capability unifies zero-party data, search intent, and pseudonymized AI chat activity into a single, privacy-first intelligence layer processing over 1 billion daily signals   Strategic integration leverages recent acquisitions to create a unique competitive moat, transitioning targeting capabilities from traditional search to AI-native discovery”   It’s such a long press release that I won’t bother copying the whole thing.

Not with quite as large sums, but if you scale the purchase amounts to the CEO’s total wealth, I’m not sure who would take second place in terms of buying . Edit. Looks like he picked up more shares on Friday as well; so he bought twice last week. “STOCKHOLM (News Agency Direkt) Verve’s CEO and major owner Remco Westermann has purchased an additional 301,000 shares in the advertising technology company in two transactions. This is according to the Swedish Financial Supervisory Authority’s transparency register. The purchases were made through the company Bodhivas at prices of 14.51 kronor and 1.35 euros respectively and were worth approximately 4.4 million kronor together. According to the ownership data service Holdings, Remco Westermann owned approximately 47.2 million shares in Verve through Bodhiva after the latest purchases, corresponding to 23.6 percent of votes and capital.” Wasn’t the Iran crisis already ongoing at that time?

Verve Group

Yesterday, MGI announced that its organic growth rate has increased to 25% in February 2024. This follows an earlier announcement of an 18% organic growth rate in January 2024. The robust organic growth rate is a strong start to the year and leads us to raise our revenue estimates.

<p>Yesterday, MGI announced that its organic growth rate has increased to 25% in February 2024. This follows an earlier announcement of an 18% organic growth rate in January 2024. The robust organic growth rate is a strong start to the year and leads us to raise our revenue estimates. As the outlook continues to improve, we believe the risk-to-reward ratio remains very attractive.</p> 

	2023	24e	25e
Revenue	322.0	366.8	399.9
growth-%	-0.8 %	13.9 %	9.0 %
EBIT (adj.)	76.9	81.0	76.9
EBIT-% (adj.)	23.9 %	22.1 %	19.2 %
EPS (adj.)	0.15	0.17	0.19
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	6.8	8.3	7.4
EV/EBITDA	3.6	5.3	5.2

Strong start to the year improves outlook

Key Estimate Figures21.03.2024

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