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.

It’s certainly been a while since the last purchases  . So one can finally expect that, for a change, no major news is coming in either direction for a while. It also confirms my own view that the market has (again) overreacted to the decline. Might have to consider topping up even though it’s still the largest holding in my portfolio regardless of the drop.

Well, this was reacted to quickly; clearly, the forum is being read at Verve.

STOCKHOLM (Nyhetsbyrån Direkt) Digital media company Verve’s CEO and largest owner Remco Westermann has on Tuesday, via the company Bodhivas, purchased 258,450 shares at a price of 1.18 euros in a transaction worth nearly 3.3 million SEK. This is stated in the Swedish Financial Supervisory Authority’s (Finansinspektionen) insider register. Remco Westermann previously owned just over 46.3 million shares with a value of slightly over 600 million SEK, according to the ownership data service Holdings.                   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!                             The CEO made some pretty good support purchases. I wonder if even this will help the sinking stock at all??

Thumbs up for the next interview   What is the fastest path to operating cash flow consistently converting close to EBITDA levels?   In which part of the value chain do you see Verve’s AI capabilities bringing the most sustainable competitive advantage over the next 2–3 years?   With what time lag do you expect the expansion of the sales team to be fully reflected in revenue?   You mentioned in a previous interview that the stock’s valuation is not attractive for using shares as a means of payment. Since then, about a third of the valuation has evaporated. Why are we not seeing insider buying at the moment?

Greetings. One of the most important questions is likely how AI development affects a mid-sized advertising company like Verve Group. If you ask ChatGPT, the net effect is positive. In my opinion, the biggest concern lies in data/privacy restrictions, as IDless data collection likely means an automatic decrease in the efficiency of AI ad target optimization?

The Q4/25 operating result was good, but cash flow was weak because payments only arrive after 90 days. Doesn’t this mean that Q1/26 cash flow should be correspondingly strong once the Q4/25 payments hit the company’s account? Or could the loss of that one major customer have such a significant impact that a large portion of the payments won’t be received at all? I’m mainly trying to understand if there are risks here that I haven’t grasped. If we trust that the payments will be received with a 90-day delay, then surely net debt will also automatically decrease in conjunction with the Q1 results?

Thanks for the comprehensive answer, and it’s great to hear that another CEO interview is in the works!

Verve Group

MGI’s Q1 revenues came in lower than our estimates, but operating profit surprised to the upside. Operating cash flow meanwhile was weak but should improve as the year continues. We believe ...

<p>MGI’s Q1 revenues came in lower than our estimates, but operating profit surprised to the upside. Operating cash flow meanwhile was weak but should improve as the year continues. We believe that MGI can reduce their debt load even in a tougher ad market and we see clear upside from low valuation as ad spending picks back up. We therefore reiterate our Buy recommendation but lower the target price to SEK 22 (prev. SEK 26) to reflect changes in estimates and an increase in WACC.</p> 

	2022	23e	24e
Revenue	324.4	339.9	370.4
growth-%	28.7 %	4.7 %	9.0 %
EBIT (adj.)	76.6	77.1	75.4
EBIT-% (adj.)	23.6 %	22.7 %	20.4 %
EPS (adj.)	0.19	0.19	0.18
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	9.2	6.9	7.3
EV/EBITDA	6.4	5.0	4.6

MGI: Lower growth, but improved profitability

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Key Estimate Figures01.06.2023

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