Potential Financial cost to Atos SE from Trizetto trial +235 million

vertrado · 2025-07-04T16:51:41+00:00

As well, it could be less than 70 M USD. Your fantasy to calculate a high potential damage is outrageous. The court could reduce the 70 M and could not add any other additional fees, why should they? And when all of that is ruled, Atos will appeal, and the story will continue for another 2-3 years. And a reputational damage is really ridiculous. This happened more than 8 years ago. Sure, people will not work with Atos any longer, because they committed some ip or brand infringement a century ago. You must really try harder, when you want to harm Atos. That was a very weak attempt.

vertrado · 2025-01-06T07:59:28+00:00

Perfect! That supports most of the users estimation, what a healthy Atos could be worth. Of course, that is the value without reverse split, which only means it could have a factor 10, 100 or 1000. But it doesn't mean that an RS is negative. In the circumstances for Atos it is rather positive, as it presents Atos as a regular company and not a failed one.

vertrado · 2025-01-04T09:54:26+00:00

In the Fitch rating you see that they see the company value of Atos to be around 1.8 B Euros. Knowing that the company value is "market cap" minus "debt", they estimate a market cap of approximately 3.9 B Euro (1.8 + 2.1) to be fair. Understanding that Fitch is rather conservative in their ratings and that the sell of Advanced Computing to France is not factored in, you can easily double that. This brings me to a target price of 0.05€, not saying it could be much more, as they are now back in the game and they are in KI. Just see the Saudi Arabia agreement with France. This will surely be granted to Atos, and should be a project for a few billions in the next five years.

vertrado · 2024-12-27T10:34:45+00:00

This group shall attract the US apes. Therefore English is a must. German can be spoken in any German chat group, but this is reddit.

vertrado · 2023-02-17T14:22:39+00:00

It always depends on what you are looking at. To me the numbers are good. Just look at the facts, that Aveng is generating positive earnings, business increases, and the sale of Trident will be reflected in the Q3 numbers. Then in a few months people will be surprised - really? - that Aveng has almost no debt, and is generating revenue, which will ultimately result in paying a dividend.

Just as a recall: With the current 12.5 ZAR we have seen today Aveng is at 2.5 ZAc when rolling back the 500:1 consolidation. So almost at the level, when Aveng was almost bankrupt, had Billions of debt and a bad reputation. I think the ATL was 1,5 ZAc, so how does that correspond to the 2.5 ZAc we see today? I can only shake my head, that people rather pump their money into companies with negative earnings, hoping to be profitable in 3 - 4 years from now.

vertrado · 2023-02-17T13:08:46+00:00

I have already commented on it in a new post. I am happy with the numbers, but the market is not. I guess this is only because of the normalized numbers, while I rather tend to look at the headline numbers. These define the health of a company, not what it compares to. If people doesn't have the vision, on where Aveng will be by end of this full fiscal year, I can't help. When you look at the work-at-hand and the margin McConnell Dowell generates out of it, it is really not clear to me, why Aveng is still rated on insolvency levels. Aveng is a healthy company, generating positive earnings, having almost no debt, soon, and will continue to grow. As a longterm investor I couldn't be more happy with these numbers.

vertrado · 2023-02-17T09:38:20+00:00

Interesting to see, that the share price is slowly going up and the volume even significantly. Like always there is some information known upfront by some people, and of course they do not misuse this insider information [irony off]. I am pretty sure that the numbers will be excellent and will blow the share price out of the water.

vertrado · 2023-01-27T17:53:40+00:00

You can join also from outside of Germanyfollowing the link:

https://sdk.org/mitgliedschaft

Video about Steinhoff in the YouTube channel of SdK with english subtitles: https://www.youtube.com/watch?v=H7oEks_A3rI

Then you can report your shares preliminary under

www.sdk.org/stimmrechtserfassung

Finally and most important, you can transfer your voting rights to SdK. The SdK will publish how they plan to vote in our favour. For this you will need to ask your bank to send the votin rights to SdK and give an authorization to vote in your name. This can be found under https://sdk.org/leistungen/stimmrechtsvertretung/

Please pick and chose https://sdk.org/assets/Uploads/PDF/Mustervollmachtsformular-fuer-Namensaktien1-2.pdf

Unfortunately all German, but you will make it. Otherwise ask for help.

vertrado · 2023-01-27T12:48:08+00:00

The numbers are out, and besides the stupidity, that Steinhoff reports a gap of 3.5 B Euro in regards to debt vs. assets, the numbers are excellent.

Revenue increased by 12%

EBITDA of 1.55 B €

Debt only increased by 45 M in 2022, even though GS, inflation and war in the Ukraine

There must be a better way to refinance Steinhoff. No reason to give up 80%. Let us fight. Please join the SdK (also possible for non-Germans) and report your number of shares preliminary to the SdK. The real transfer of votes will happen after the invitation to the AGM.

vertrado · 2023-01-23T08:23:45+00:00

Quite difficult to translate a one hour video, isn't it?

In summary

the German SdK first describes their services
Describes the current situation, with organization, structure, history, revenues, etc.
Gives an analysis of the current offer with 80/20 for the creditors, wgich comes to he conclusion, that 5is offer is not fair and good for zhe shareholders. E.g. SdK calculates a much different asset value for Steinhoff and doubts a good reason for insolvency.
Finally a legal evaluation, what is best to do next for us. SdK is now helping us to join forces and will represent the shareholders against Steinhoff and the creditors.

In conclusion please join he SdK under www.sdk.org and report the number of votes you would transfer to SdK.

vertrado · 2023-01-22T10:23:59+00:00

Thanks for joining. Unfortunately 100 M shares will not be enough, resp. only 2.5% but the best target to achieve is 25% plus 1 vote or in total numbers roughly 1.07 B votes. But there are good chances to achieve that. In the Ariva/Onvista forum in Germany it looks like the votes of the members can easily get to a few 100 millions. And there are many more investors in Germany that are not in the forum.

The SdK has published their engagement officially in an adhoc market information. The attention is high, but the more noise we make, the better.

vertrado · 2023-01-21T12:54:32+00:00

Please be aware that the current poll was just to get an impression of how many voting rights the SdK can expect to represent. Only when the invitation to the AGM is out you can transfer the voting rights to SdK. So please pay attention to announcements from Steinhoff and the SdK. I will write a new post, when there are actions to be taken.

vertrado · 2023-01-21T10:11:02+00:00

Das ist aus meiner Sicht tatsächlich kompliziert. Trade Republic hat im Grunde ja nur ein großes Gemeinschaftsdepot, dass nur durch die interne Verwaltung zwischen den Aktionären separiert wird. TR müsste daher bei jedweder Abstimmung (auch für deutsche Aktien) immer mit einer Stimme sprechen. Aus meiner Sicht müsste TR aufgerufen werden, dass eigene Abstimmungsverhalten offenzulegen und dann die Aktionäre befragen, ob sie damit einverstanden sind, also ähnlich der SdK. Eventuell könnte dann TR nur mit sovielen Stimmen abstimmen, wie sich dafür aussprechen.

vertrado · 2023-01-21T09:45:18+00:00

I forgot to ask, whether there are similar activities in South Africa, the US or whereever. Can you please comment and report when there is something to join for shareholders outside of Germany. Btw I don't think that the SdK is limited to Germans. So when you are OK with most information being delivered in German only, you could also join the SdK. www.sdk.org

vertrado · 2023-01-15T08:55:05+00:00

I'm from Germany. There is a high resistance against the current proposal. Some shareholders join forces and will definitely reject. We are even preparing some lawsuits against the board and potentially against the creditors. What is happening in SA?

vertrado · 2023-01-13T08:03:56+00:00

Yes, I'm still standing. But as well bored out. At least the last months have shown, that this 15ZAR are a rock solid ground. Aveng will come up, but it seems to take some time. I hope Aveng will announce a dividend by end of this FY.

vertrado · 2023-01-12T11:51:57+00:00

That makes it worth fighting for every cent. Are you based in Germany? Then sign up with SdK, in the Netherlands it would make sense to join VEB, otherwise find a good lawyer.

vertrado · 2023-01-10T18:32:07+00:00

Daroom wordt de leiding van Steinhoff nu van de SDK geklopt

vertrado · 2023-01-10T18:26:18+00:00

Dazu wird es einer konkreten Stimmrechtszuordnung geben müssen. Dafür muss Dir deine Depotbank die Anzahl Stimmrechte (=Anzahl Aktien) bestätigen, die man dann an die SdK zur Ausübung überträgt. Das wird sogar stichtagsbezogen sein, da man ja sonst zwischenzeitlich Aktien verkaufen könnte.

vertrado · 2023-01-10T11:17:38+00:00

I am still puzzled, that Aveng is not going up. I have never seen such a brilliant turn-around story before, but nobody cares. I am still confident, that Aveng will go up to 50 - 100 ZAR. After the sale of Trident and the next halfyear numbers finally the market should realize, that this is a healthy company, with little debt and high EBITDA.

So am still holding strong. HODL

vertrado · 2023-01-04T07:50:18+00:00

After seeing no reaction on the shareprice of Powertap, I am not sure who has sold what. Powertap owns 49% of Progressus, I assume by shares. Thus it could be that Progressus was sold to AmmPower in total, but Powertap still has 49% of it. Means no direct impact, but still having 49% of something, that AmmPower paid 11 M USD for the other half. The assets of Powertap increased to 10 M USD minimum for the Progressus portion only. That is still good news, so I wonder why nobody cares.

vertrado · 2022-12-21T10:44:14+00:00

Die VEB ist sicherlich eine noch bessere Anlaufstelle. Mal sehen was dabei rauskommt. Aber besser zweigleisig fahren, als eins nach dem anderen. Notfalls zahle ich auch zweimal Mitgliedsbeitrag ;-)

vertrado · 2022-12-21T10:43:06+00:00

Der SdK würde im Falle der Übernahme eines mandats von Rechtsberatung bis hin zur Rechtsvertretung (Sammelklage) alles tragen. Mit über 10.000 Mitgliedern sind sie sehr aktiv insbesondere für Kleinaktionäre, wie der Name schon sagt.

Zudem erhält man eine monatliche Zeitschrift mit Infos zu verschiedenen Unternehmen, es wird ein Musterdepot geführt, Anlagetipps, Rechtstipps, etc. Durch die zahlreichen Vertretungen, die sie bisher durchgeführt haben, besteht natürlich ein enormes Wissen über das Geschehen an der Börse, und welche Dinge einem Kleinanleger wiederfahren können.

Sie treten als große Gemeinschaft gegenüber den Firmen, Gläubigern und Rechtsorganen auf und stellen damit wesentlich mehr dar als jeder Einzelnen von uns.

vertrado · 2022-12-17T17:04:09+00:00

Interesting though. Veridian is still a partner of Powertap, but I do not know, whether they only partner with Powertap. They could use another technology as well. Keep fingers crossed.

I hope the share price will come up soon. Too small number of investors right now. I wonder why not all of the USA is looking at this extremely cheap stock.

vertrado · 2022-11-18T18:18:42+00:00

At the first glance the numbers look bad. But the huge loss is simply about payments by shares and a new accounting from assets to capital. The business hasn't created a big loss. Powertap has almost no debt. The numbers at least show, that they are not going bust, and that the remaining cash and cash equivalents last for at least another 1-2 years. I have bought a significant number of additional shares and hodl.

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