Gapwaves: Increased focus on automotive
Gapwaves Q2 report did not bring any surprises. The level of sales is still low, and we find it more interesting to focus on the development projects. The company has not announced any project updates, but our interpretation is that the company has increased its focus on the automotive segment. We have made some estimate adjustments, resulting in an updated fair value in base case whereas our bear and bull cases remain unchanged.