Sensys Gatso: High Discount & Weak Timing – Yet Very Encouraging
Redeye reiterates its valuation of Sensys Gatso and argues that the rock solid case remains, following the directed share issue of SEK 75m at 6% dilution carried out during September 9. We think the timing was poor and the discount too high. However, more importantly, the company seems to have decided to embark on an interesting journey of more aggreessive investments going forward.