TomTom « Terug naar discussie overzicht

quote:

Penge_miner schreef op 22 januari 2019 16:10:

Het slechte nieuws vandaag is dat Harold blijft doormodderen en de rest na uitkering van het dividend geleidelijk gaat verbranden totdat zelfs de kaartenbak niet meer te slijten is.

Geen totale overname, geen dirty-exit, hij blijft gewoon zijn hobby uitoefenen, en ja geen gewiekste zakenman maar een op en top kapitaalvernietiger.

quote:

neet47 schreef op 22 januari 2019 15:59:

bijkopen vandaag dat is de bedoeling en zo laag mogelijk en zoveel mogelijk en dat weer stijgen boven de 8.00 euro

quote:

moneymaker_BX schreef op 19 januari 2019 17:17:

HG is de enige die verwarring zaait
Zwijgen is soms goed maar hij zwijgt al 10 jaar
Ben die man echt zat
Sleep er een deal uit en kom met feiten en ga anders stoppen CEO te spelen

quote:

ItsMe schreef op 22 januari 2019 16:00:

[...]

want je zou straks maar met TomTom op je CV moeten solliciteren bij een ander tech bedrijf in Nederland. Dan lachen ze je natuurlijk vierkant uit.

quote:

Penge_miner schreef op 22 januari 2019 16:10:

Het slechte nieuws vandaag is dat Harold blijft doormodderen en de rest na uitkering van het dividend geleidelijk gaat verbranden totdat zelfs de kaartenbak niet meer te slijten is.

Geen totale overname, geen dirty-exit, hij blijft gewoon zijn hobby uitoefenen, en ja geen gewiekste zakenman maar een op en top kapitaalvernietiger.

quote:

NewEnergy schreef op 22 januari 2019 16:05:

Slimmed-down TomTom is now an alluring M&A target

LONDON, Jan 22 (Reuters Breakingviews) - M&A bankers ought to be drawing a circle around Amsterdam on their maps of Europe. Dutch navigation group TomTom TOM2.AS on Tuesday announced a sale of its truck-data unit for half the 1.8 billion euro parent’s market value. The main effect is to highlight how cheap the rest of the business looks.

The debt-free telematics division, which sells data services to fleet owners, is going to tyremaker Bridgestone 5108.T for 910 million euros in cash. The Japanese buyer can use the business to juice more income from commercial-vehicles customers, on the basis that the software might nudge them to replace tyres in a more timely fashion. That logic helps justify Bridgestone’s purchase multiple of five times sales, on UBS forecasts, which otherwise looks high for a division whose top line grew at a so-so 4 percent last year.

The main takeaway, however, is that TomTom’s other assets look a steal. Strip out the telematics business and 218 million euros of cash from the group’s market worth – using Refinitiv end-2018 estimates – and there’s just 683 million euros of value left to cover the rest. Those units will generate revenue of 646 million euros this year, UBS analysts reckon, implying a measly 1.1 times sales multiple.

Such a low valuation is perhaps warranted for the shrinking consumer business, which has struggled with falling satnav sales. But almost two-thirds of TomTom’s remaining revenue will come from automotive and licensing, which licenses maps, traffic-navigation and other software to carmakers and tech groups. Demand should surge with the advent of self-driving cars; and peers have on average been sold for about 4.4 times sales in recent years, according to a UBS analysis. That would imply the auto and licensing units alone are worth 1.8 billion euros.

If TomTom’s current low price persists, partners and clients like Apple AAPL.O, Microsoft MSFT.O or Uber UBER.UL may sense a chance to pick up some valuable maps on the cheap. The Dutch group’s defence would be relatively weak: Chief Executive Harold Goddijn will have a near-400 million post-sale cash pile, Breakingviews estimates. That’s nothing next to the resources that could be marshalled by map-software rivals Google GOOGL.O and HERE – a consortium backed by major auto groups like BMW BMWG.DE and Daimler DAIGn.DE. Goddijn’s slimmed-down company will make an alluring takeover target.

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Opus135 schreef op 22 januari 2019 16:21:

Is @harrysnel aan het studeren op z'n nieuwste parabel in deze saga?

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Brabanttrade schreef op 22 januari 2019 16:16:

Wanneer is de koers ver genoeg naar beneden gestampt? Wie heeft nu nog baat bij een verdere daling? Niemand heeft goedkoper in kunnen kopen vandaag dan de koers nu staat. Het blijft maar doorgaan het natrappen. Dit slaat werkelijk nergens op

quote:

harde winst schreef op 22 januari 2019 16:16:

[...]
Spijker op de kop. Wie wil er investeren in een bedrijf met Harold "cahsburner" Goddijn aan boord? Brrrrr....

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Hoop.... schreef op 22 januari 2019 16:17:

Neem mee die rommel.....al jaren ondanks alle hoop een enorme kostenpost. Ergste is mijn vrouw is boos

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Censurion schreef op 22 januari 2019 16:17:

[...]

Wat een onzin. Met Tomtom op je CV kom je als ontwikkelaar echt overal aan de bak. Weer iemand die niets snapt van hoe goed ontwikkelaars in de markt liggen....

quote:

NewEnergy schreef op 22 januari 2019 16:05:

Slimmed-down TomTom is now an alluring M&A target

LONDON, Jan 22 (Reuters Breakingviews) - M&A bankers ought to be drawing a circle around Amsterdam on their maps of Europe. Dutch navigation group TomTom TOM2.AS on Tuesday announced a sale of its truck-data unit for half the 1.8 billion euro parent’s market value. The main effect is to highlight how cheap the rest of the business looks.

The debt-free telematics division, which sells data services to fleet owners, is going to tyremaker Bridgestone 5108.T for 910 million euros in cash. The Japanese buyer can use the business to juice more income from commercial-vehicles customers, on the basis that the software might nudge them to replace tyres in a more timely fashion. That logic helps justify Bridgestone’s purchase multiple of five times sales, on UBS forecasts, which otherwise looks high for a division whose top line grew at a so-so 4 percent last year.

The main takeaway, however, is that TomTom’s other assets look a steal. Strip out the telematics business and 218 million euros of cash from the group’s market worth – using Refinitiv end-2018 estimates – and there’s just 683 million euros of value left to cover the rest. Those units will generate revenue of 646 million euros this year, UBS analysts reckon, implying a measly 1.1 times sales multiple.

Such a low valuation is perhaps warranted for the shrinking consumer business, which has struggled with falling satnav sales. But almost two-thirds of TomTom’s remaining revenue will come from automotive and licensing, which licenses maps, traffic-navigation and other software to carmakers and tech groups. Demand should surge with the advent of self-driving cars; and peers have on average been sold for about 4.4 times sales in recent years, according to a UBS analysis. That would imply the auto and licensing units alone are worth 1.8 billion euros.

If TomTom’s current low price persists, partners and clients like Apple AAPL.O, Microsoft MSFT.O or Uber UBER.UL may sense a chance to pick up some valuable maps on the cheap. The Dutch group’s defence would be relatively weak: Chief Executive Harold Goddijn will have a near-400 million post-sale cash pile, Breakingviews estimates. That’s nothing next to the resources that could be marshalled by map-software rivals Google GOOGL.O and HERE – a consortium backed by major auto groups like BMW BMWG.DE and Daimler DAIGn.DE. Goddijn’s slimmed-down company will make an alluring takeover target.