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Meltron: Bright outlook with triggers ahead - Emergers

With a difficult fiscal year now in the books, Meltron is looking to start over with an increased focus on cost efficiency, direct sales and building a wider distribution network throughout Northern Europe. Combined with the high potential deals awaiting in the Middle East, and Oman in particular, there are several triggers to drive a revaluation of the share from today’s levels. With the proceeds from the rights issue of SEK 16m at SEK 0,10 per share, we continue to find support for a fair value of SEK 0,29-0,39 per share in 12-24 months.

With a difficult fiscal year now in the books, Meltron is looking to start over with an increased focus on cost efficiency, direct sales and building a wider distribution network throughout Northern Europe. Combined with the high potential deals awaiting in the Middle East, and Oman in particular, there are several triggers to drive a revaluation of the share from today’s levels. With the proceeds from the rights issue of SEK 16m at SEK 0,10 per share, we continue to find support for a fair value of SEK 0,29-0,39 per share in 12-24 months.
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