Ascelia’s actual 21 result is minor compared with the recent SPARKLE success and the ongoing SEK 105m funding where SEK 70m is secured. Ascelia is preparing for submission by mid-2025, and Ascelia’s cost base is contained. Our recent Base Case is SEK 17 (Bull SEK 45 and Bear SEK 6). Ascelia has a very undemanding valuation, even after considering the potential dilution from the ongoing rights issue, priced at SEK 1.69 per share.
LÄS MER