Clas­si­fi­ca­ti­on of GBC AG to Ad­van­ced Block­chain AG

Com­pa­ny Name:	Ad­van­ced Block­chain AG
ISIN:	DE000A0M93V6
Re­ason for the re­se­arch:	Re­se­arch Re­port (Note)
Re­com­men­da­ti­on:	Buy
Tar­get pri­ce:	7.00 EUR
Tar­get pri­ce on sight of:	31.12.2025
Last ra­ting ch­an­ge:
Ana­lyst:	Mat­thi­as Greif­fen­ber­ger, Mar­cel Gold­mann

More trans­pa­rent re­port­ing plan­ned

Un­der the lea­der­ship of the new exe­cu­ti­ve board, con­sis­ting of Ha­tem El­say­ed (COO) and Maik Las­ke (fu­ture CFO), the com­pa­ny is un­der­go­ing an ex­ci­ting stra­te­gic rea­lignment fo­cu­sed on trans­pa­ren­cy, sus­tainable growth, and long-term trust. As part of a com­pre­hen­si­ve res­truc­tu­ring, Ad­van­ced Block­chain is curr­ent­ly in­ten­si­ve­ly re­vie­w­ing its fi­nan­cial and go­ver­nan­ce pro­ces­ses to es­tab­lish a so­lid and re­lia­ble foun­da­ti­on for the ye­ars ahead. The goal is to pre­sent con­so­li­da­ted group fi­nan­cial state­ments ba­sed on au­di­ted fi­gu­res from pre­vious ye­ars, ther­eby streng­thening trust among in­ves­tors and stake­hol­ders.

Alt­hough a com­ple­te group half-year fi­nan­cial state­ment for 2024 can­not be pro­vi­ded at the an­nu­al ge­ne­ral mee­ting on De­cem­ber 4, 2024, due to on­go­ing au­dits of the 2021–2023 fis­cal ye­ars, the com­pa­ny has al­re­a­dy made clear pro­gress towards more trans­pa­rent and ro­bust fi­nan­cial re­port­ing. By 2025, the stra­te­gic di­rec­tion will be fur­ther streng­the­ned to es­tab­lish the com­pa­ny as a lea­ding play­er and trus­ted “go-to part­ner” in the cryp­to­cur­ren­cy and block­chain tech­no­lo­gy sec­tors. This in­cludes in­creased par­ti­ci­pa­ti­on in in­ves­tor and in­dus­try con­fe­ren­ces, as well as a tar­ge­ted com­mu­ni­ca­ti­on stra­tegy to ex­pand mar­ket pre­sence and at­tract new in­ves­tors.

A cen­tral fo­cus for the ma­nage­ment is to crea­te a re­lia­ble foun­da­ti­on for fu­ture fi­nan­cial re­ports. The com­pa­ny plans to pre­sent a com­ple­te and au­di­ted an­nu­al re­port for 2024 by the first half of 2025, ba­sed on ad­jus­ted and ve­ri­fied fi­gu­res from the 2021–2023 pe­ri­ods. The­se ac­tions re­pre­sent a cri­ti­cal step towards hig­her com­pli­ance and go­ver­nan­ce stan­dards and are an es­sen­ti­al com­po­nent of the new stra­te­gic di­rec­tion. The com­pre­hen­si­ve re­view of fi­nan­cial state­ments will en­su­re that fu­ture re­ports meet the hig­hest stan­dards of trans­pa­ren­cy and ac­cu­ra­cy.

Ad­van­ced Block­chain AG plans to streng­then its port­fo­lio ma­nage­ment by shar­pe­ning its stra­te­gic fo­cus and ex­pan­ding its exis­ting net­work to make pro­mi­sing ear­ly-stage in­vest­ments in in­no­va­ti­ve cryp­to­cur­ren­cy and block­chain pro­jects. In ad­di­ti­on to ca­pi­tal, the com­pa­ny will pro­vi­de its port­fo­lio com­pa­nies with stra­te­gic ad­vice and ac­cess to a com­pre­hen­si­ve net­work of ex­perts to ma­xi­mi­ze their suc­cess po­ten­ti­al. The­se in­vest­ments are ai­med not only at crea­ting long-term growth po­ten­ti­al and sus­tainable va­lue but also at fur­ther es­tab­li­shing the com­pa­ny as a pio­neer in sup­port­ing new block­chain in­itia­ti­ves.

Th­rough this ap­proach, Ad­van­ced Block­chain AG opens up ac­cess to Web3 and block­chain in­vest­ments for all, of­fe­ring in­no­va­ti­ve, for­ward-thin­king in­vest­ment op­por­tu­ni­ties in the next ge­ne­ra­ti­on of di­gi­tal tech­no­lo­gies.

To fur­ther streng­then its po­si­tio­ning, Ad­van­ced Block­chain AG plans to sus­tain­ab­ly in­crease its vi­si­bi­li­ty with in­ves­tors and stake­hol­ders th­rough con­tin­ued par­ti­ci­pa­ti­on in re­le­vant in­ves­tor and in­dus­try events and a clear, trans­pa­rent com­mu­ni­ca­ti­on stra­tegy. This should help so­li­di­fy trust in the com­pa­ny and enhan­ce its at­trac­ti­ve­ness for fu­ture in­vest­ments.

As part of the pu­bli­ca­ti­on of the con­so­li­da­ted fi­nan­cial state­ments and enhan­ced trans­pa­ren­cy for the en­ti­re port­fo­lio, we plan to re­as­sess the port­fo­lio com­pre­hen­si­ve­ly, to pro­vi­de a clear view of ad­di­tio­nal in­vest­ments. With a cur­rent va­lua­ti­on of €27.87 mil­li­on, and de­duc­ting hol­ding cos­ts of €1.35 mil­li­on, the company’s va­lua­ti­on co­mes to €26.52 mil­li­on. With 3.79 mil­li­on shares out­stan­ding, this re­sults in a per-share va­lue of €7.00 (pre­vious­ly €17.64). Due to the si­gni­fi­cant up­si­de po­ten­ti­al, we as­sign a ‚Buy‘ ra­ting.

You can down­load the re­se­arch here: http://​www​.more​-ir​.de/​d​/​3​1​2​6​7​.​pdf

Cont­act for ques­ti­ons:
GBC AG
Hal­der­stra­ße 27
86150 Augs­burg
⁰⁸²¹⁄₂₄₁₁₃₃ 0
research@​gbc-​ag.​de
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Of­fen­le­gung mög­li­cher In­ter­es­sens­kon­flik­te nach § 85 WpHG und Art. 20 MAR Beim oben ana­ly­sier­ten Un­ter­neh­men ist fol­gen­der mög­li­cher In­ter­es­sen­kon­flikt ge­ge­ben: (5a,11); Ei­nen Ka­ta­log mög­li­cher In­ter­es­sen­kon­flik­te fin­den Sie un­ter:

http://​www​.gbc​-ag​.de/​d​e​/​O​f​f​e​n​l​e​g​ung

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Da­tum (Uhr­zeit) Fer­tig­stel­lung: 11.11.2024 (14:00)
Da­tum (Uhr­zeit) ers­te Wei­ter­ga­be: 12.11.2024 (10:00)