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Heliospectra: The Nectar Farms order is off - VH Corp

Heliospectra released its Q1 report last week, and while it was roughly as expected overall, there were both strong and weak spots in the details. A more attention-grabbing announcement came this week when the longdelayed order from Nectar Farms was finally cancelled. We never incorporated the full value of the order in our model as it appeared risky from the outset.

However, now that we know the deal is off, we lower our revenue forecast somewhat for the next 12 months. This move is however mitigated by a number of small positives and we keep our valuation interval unchanged at 5.00 – 7.50 SEK per share for now
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