AND - 2020: de turnaround....???

1. shaai 25 april 2020 12:25

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   quote:

   Elwin1980 schreef op 25 april 2020 10:57:

   Gaat AND dinsdag open in donker groen of donker oranje?
   

   gewoon maandag
2. shaai 25 april 2020 12:27

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   quote:

   _Aurum_ schreef op 25 april 2020 12:10:

   [...]
   Inderdaad, voor mij alweer een paar jaar geleden, dus nog wel met winst. Blijft wel een interessant bedrijf. €0,75 is wel laag, misschien al vanaf €1. Zag dat die daar al even onder is gegaan.
   
   De intrinsieke waarde is dan nog wel €2,60, maar dat is natuurlijk grotendeels de waardering voor de kaartdata. Wat is dat echt waard? Er moet wel omzet uit gegenereerd worden en als de grote partijen de markt beheersen, lukt dat niet en heeft het weinig waarde. Als een andere partij er echt zoveel waarde in ziet, geeft een overnamebod van €2 bij de huidige koers ook wel een mooie premie. Hoewel daar natuurlijk genoeg over gespeculeerd wordt, lijkt het niet aan de orde. Dus hopelijk lukt het om genoeg omzet in de nichemarkt te vinden.
   
   Voorlopig vind ik het te veel een gok en zie ik dus net als Joshua3 meer zekerheid in andere aandelen.
   

   voor 2eur denk ik ook niet dat de grootaandeelhouders willen verkopen
3. [verwijderd] 25 april 2020 14:23

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   Die 2 euro gaan ze niet mee akkoord en omdat er 10000 in de laat lagen en het volume voornamelijk door retail beleggers bepaald wordt zie ik hem na vul van de gap zo op 2 piek staan.
4. _Aurum_ 25 april 2020 14:53

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   Snap dat ze daarmee niet akkoord gaan, maar ik bedoel, de waardering is wel erg laag, weinig interesse. AND moet op eigen kracht geld verdienen aan de kaartdata. Geen reden om de aandelen te verkopen, maar om in te stappen weet ik ook niet wat een goede koers is.
   De vraag werd gesteld wat de koers maandag gaat doe, ik denk dat er geen peil op te trekken is. Vraag me af of er mensen gaan verkopen, dus zal niet echt naar beneden gaan.
5. [verwijderd] 25 april 2020 18:00

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   Ik ga maandag kopen. Ik ben licht positief over de resultaten en ben er stevig van overtuigd dat er meer beleggers zijn. Uiteraard weet ik dat er mensen recent hebben verkocht voor hen hoop ik dat ze met een mooie instap geld gaan verdienen.
6. shaai 26 april 2020 11:45

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   www.globenewswire.com/news-release/20...
   
   We ended the year with a good pipeline of opportunities for the next few years. ”
   
   Course of events 2019
   
   In February, Thierry Jaccoud (Swiss nationality, born in 1970) joined AND as the new CEO. He is a seasoned executive in the automotive industry. He joined AND from TI Automotive, where he successfully managed the turnaround as Commercial Director Europe and Managing Director of TI Automotive (Heidelberg) GmbH. Notably, Thierry spent 9 years of his career at NAVTEQ (currently known as HERE) where he held a variety of commercial and general management positions, substantially growing the sales of digital maps in Europe and emerging markets.
   
   In June, AND completed and delivered full HD Maps to a subsidiary of a large European Automotive OEM, while continuing to improve the maturity of the MapFusion technology.
   
   In July, we launched our new website www.and.com, to support the new strategy and promote the new direction the company is taking to a much wider audience. Providing quick and easy access to the latest information, the new design also features an updated AND logo and overall reflects a repositioning of the company towards location-aware content which fosters a safer and more sustainable world. The clean, uncluttered design; improved functionality; and superior content gives a comprehensive overview of products and services. The site now offers a series of downloadable products and service datasheets.
   
   At the end of August, we announced our first APIs. AND APIs are designed to make industry applications, such as Transportation Management or Geo-Marketing Solutions more efficient, enriching them with additional location aware content. These APIs provide direct access to our unique ZIP+4 USA content.
   
   The TalkingMaps project, announced in 2018, which aims to automatically improve, update and enrich map and location-content using the MapFusion technology, passed its first milestones in summer 2019, and will continue to support the development of AND’s MapFusion technology further in the years to come.
   
   In September, AND launched its first innovative product: the High Alert Zones, the company’s first safety focused product. We have chosen road safety around schools for the initial module of this exciting new dataset, with other datasets to follow in due course. High Alert Zones targets school boundaries with smart polygons defining three levels of priority. The top priority zones cover a 200 meters boundary around the school; with medium priority at 300 meters; and finally, low priority at 600 meters. These are all areas where drivers are likely to encounter children crossing the road, walking along footpaths or playing nearby. School bus stops, public transport hubs and key parking areas are also included in the data.
   
   Primarily aimed at developers of in-dash or mobile navigation systems and alerting drivers when approaching schools, High Alert Zones can also support other location-aware applications such as rerouting or blocked streets during road works, marches or social events etc. or organizing activities within the school zone itself. High Alert Zones is currently available as a dataset in standard formats and will soon also be offered via the new AND API portal.
   
   After a long period of preparation and exchange with ESRI, AND announced in October that its ZIP+4 Boundaries are now available for sale and trial on ESRI’s ArcGIS Marketplace. The 5-digit ZIP Code plus a 4-digit add-on number identifies a geographic segment within the 5-digit area, such as a city block, office building, high-volume receiver of mail, or any other distinct mail unit.
   
   In November, AND launched its Developer Portal that includes a first short series of APIs (Application Programming Interfaces). By working more closely with developers, AND wants to accelerate location-aware innovation and further improve its services. APIs have evolved over the past few years, going from internal integration tools to digital building blocks that connect applications. AND’s Developer Portal now offers 24/7 self-service solution for developers to access AND’s great content. To start with, the site will provide a number of APIs such as Geocoder, ZIP+4 USA and Time Distance Matrix. Developers can request a free trial API key to test the functionality of this service. More APIs will be added in the near future.
   
   In December, AND joined the HERE Open Location Platform (OLP). This is a key step in the company’s mission to develop and expand its portfolio of location-aware content and offer a broad range of delivery options. HERE OLP is a one-stop ecosystem where location-centric products and services can be created and licensed, leveraging the exclusive tools, data and market access offered by the OLP Workspace.
   The OLP Workspace adds a unique dimension which supports our developers with excellent tools and premium location-aware content. Overall, we will be able to enrich and pool our data with that from HERE or other third parties to develop attractive and innovative products.”
   
   And finally, at the end of December, we announced that an agreement had been reached between the Company and a group of investors on a convertible loan of €1.15 million to be issued to the Company.
7. shaai 26 april 2020 11:48

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   Market developments
   
   The demand for location aware content is increasing in all sectors and applications. According to external market research, the global digital mapping market is estimated at 4,6 Billion USD with a growth rate of 14,2% from 2018. North America with 1,5 Bio USD is the largest single market worldwide. The overall CAGR towards 2025 is estimated at 16,5%
   
   Largest markets by solution are route optimization and planning followed by tracking and telematics. A very interesting segment with the highest expected CAGR of 18,2% until 2025 is the Risk assessment and disaster management that needs a strong location-aware component.
   
   In the automotive market, we envisage a strong transformation ahead. Highly automated driving was postponed towards 2030 instead of 2025 mainly due to the unexpected complexity of the task. There is no clear trend for digital mapping in this sector. Some OEMs are equipping future cars with lidars and sensors able to map the necessary drivable space on the fly and others rely on pre-created highly accurate maps. As a result, we decided to carefully monitor the trend and keep our investment to a minimum.
   
   According to research and market feedback, we know that most of the revenue growth and current business is made with APIs. This is where AND needs to focus its energy for the turn around.
   
   Although the need for digital worldwide mapping and location services continues to grow, AND needs to get it share of voice in order to benefit from that market growth. Hence our focus on marketing and sales activities aimed at developers and maintaining a good and strong relationship with our trusted customers.
8. shaai 26 april 2020 11:49

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   Strategy
   
   As an independent player, AND focuses on creating long-term value for its shareholders in the market space of digital maps for location-based products and services. Central to this strategy are:
   
   Cost efficient production and ingestion of geodata
   Flexible licensing models
   Direct content and service sales via APIs targeting developers
   Competitive pricing
   Customised solutions and content creation
   A focus on developing a new geo-location market to help foster a safer and more sustainable world.
9. shaai 26 april 2020 11:51

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   Outlook for 2020
   The short to medium term economic conditions in Europe are uncertain, but we do see an increasing demand for new, highly customized maps for automotive, Smart City, IOT and GIS applications via APIs. Due to the nature of these new technologies, the volume of business will depend on market adoption and share of voice. We will keep investing in technology and our map and we will continue to expand our marketing and sales activities. In 2020, we expect to see the first positive trend within our revised business model and market approach. We are convinced there will be new opportunities within the current, fast changing, technology and market developments.
   
   AND does not provide a financial outlook for 2020, amid the (macro-economic) uncertainties caused by the global COVID-19 / “Corona”-virus outbreak.
10. Blik dekkende afbijt 26 april 2020 11:56

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    Wat ik vreemd vind is dat ze het gebouw in de VS alweer hebben opgedoekt.
    Er werken nu nog maar 15 mensjes in NL en dat is alles.
    Ze hebben 3 vacatures open staan.
11. shaai 26 april 2020 12:01

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    Subsequent events
    Convertible loan
    To secure its short to medium term cash requirements, AND entered into a convertible loan of € 1,150,000 on 4 February 2020. This convertible loan, provided by a group of investors, bears an interest of 9% p.a. (of which 3% in cash and 6% payment in kind (PIK)) and is secured by a.o. a pledge on the IP owned by AND as well as a pledge on the shares of AND Products BV. The loan has a duration of 2 years and is convertible during this period into ordinary AND shares at a conversion price of €1.85 per share.
    
    Liquidation of AND Data India Pvt. Ltd.
    In May 2018, AND management decided to stop the operating activities of its Indian subsidiary AND Data India Pvt. Ltd. No operating activities were performed since, nor does management have tangible plans to re-establish operating activities in India. Therefore, in March 2020, AND management decided to liquidate this entity legally. In accordance with applicable Indian legislation and procedures, such a liquidation process will require approximately 6 months to complete. At the end of this liquidation process, the cash that is currently “trapped” in AND Data India Pvt. Ltd. (2019: €293,000), will be repatriated to AND in the Netherlands (after deduction of local Indian costs related to the orderly liquidation of AND Data India PvT. Ltd.).
    
    Replacement of auditor
    On 5 March 2020, AND announced that in spite of extensive efforts, it had been unable to find a PIE/OOB-licensed auditor for the audit of its 2019 Consolidated Financial Statements. As announced previously in the mid-year trading update of 12 September 2019, the Company’s former auditor, Grant Thornton Accountants en Adviseurs B.V., chose to surrender its PIE/OOB-license in 2019. As a result, AND was forced to look at all (six) remaining PIE/OOB-licensed audit firms.
    
    One of these six audit firms still is -as predecessor of Grant Thornton as auditor of AND- in its so-called “cooling off”-period, and as such not legally allowed to service AND as auditor. The other (five) audit firms all have decided not to offer their services to AND, primarily for (a combination of) reasons of limited staff capacity, commercial considerations and significance of the anticipated audit fee relative to the (limited) size of AND.
    
    Unfortunately, AND therefore is forced to publish its 2019 Consolidated Financial Statements without an auditor’s opinion. AND regrets this outcome, and wants to stress that the considerations for aforementioned audit firms not to serve AND are outside the sphere of influence of the company, and find its origin in the strict application of the legislation for PIEs/OOBs, as well as in the apparent scarce resources with PIE/OOB-licensed audit firms. Furthermore, the company wishes to stress that it has been in transparent communication with AFM, Euronext and auditors’ association NBA throughout this process, starting June 2019. Meanwhile, AND continues to do its utmost to secure a PIE/OOB-licensed auditor for fiscal year 2020.
    
    In the aspiration to provide reasonable assurance to its stakeholders, AND commissioned an independent valuator to conduct an assessment of the digital map database, This is the key asset on the balance sheet of AND (presented in the financial statements as intangible fixed asset). AND is aware that this independent valuation is not a substitute for an audit performed by a certified public auditor. However, the Management Board and Supervisory Board have decided to have this assessment carried out in the interest of the users of the 2019 consolidated financial statements.
    
    The outcome of the independent valuation gave the Board no reasons to doubt the outcome of the impairment test and the results included in the 2019 annual accounts.
    
    COVID-19 / global “Corona”-virus outbreak
    
    At the moment of the report, we are experiencing the initial impact of lockdowns and retail stores closing in Europe and in North America. This will inevitably cause an economic slowdown in these regions, which are our key markets. Management cannot currently quantify the impact of this expected economic slowdown. If global lockdowns continue, the impact will be more significant. AND is currently fully operational, with employees working remotely. This is facilitated by a solid IT infrastructure and proper use of remote working and collaboration technology. A good share of our customers either belong to large industrial groups or governmental bodies and management expects them to honour their commercial commitments. The bigger impact will be on AND’s growth strategy as management is focusing on sales and marketing campaigns to attract new customers and gain market share. Those targeted companies that are either closed or dealing with remote working are not expected to take decisions quickly. This may delay our growth expectations.
12. shaai 26 april 2020 12:02

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    www.and.com/wp-content/uploads/AND-Pu...
13. Joshua3 27 april 2020 07:47

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    Verbaas me dat er nog boven de 1 euro wordt geboden.
14. Blik dekkende afbijt 27 april 2020 07:52

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    Ik vraag me af ze hebben niet veel geld meer in de kas.
    Hoe kunnen ze dan 3 vacatures openzetten?
    Vakantiegeld komt eraan.
    kan het misschien zijn dat er aandelen uitgegeven gaan worden?
    Of nog een lening ?
15. [verwijderd] 27 april 2020 08:59

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    Elwin1980 hoeveel hebben ze dan nog in kas denk je
16. Blik dekkende afbijt 27 april 2020 09:29

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    eind dec 0,5 miljoen.
17. shaai 27 april 2020 09:31

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    quote:

    Elwin1980 schreef op 27 april 2020 09:29:

    eind dec 0,5 miljoen.
    

    is dat incl of excl die 3ton die gaat vrijvallen uit India?
18. [verwijderd] 27 april 2020 09:38

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    Oke dan ben je deze nog vergeten
    CAPELLE AAN DEN IJSSEL (AFN) - Kaartenmaker AND International Publishers heeft een definitieve overeenkomst gesloten met een groep investeerders over een converteerbare lening van 1,15 miljoen euro die door het bedrijf zal worden uitgegeven. Het krediet valt hoger uit dan de 1 miljoen euro die de onderneming eerder overeen kwam.
    
    De lening heeft een rente van 9 procent en is verzekerd door onder meer een pandrecht op het intellectueel dat eigendom is van AND, alsmede het pandrecht op aandelen van een dochteronderneming. De looptijd bedraagt twee jaar. Gedurende deze periode is deze converteerbaar in gewone AND-aandelen tegen een conversieprijs van 1,85 euro per aandeel.
    
    AND heeft er na het sluiten van de deal vertrouwen in dat het zijn strategische doelen kan waarmaken, zo meldt de onderneming.
    
    Naar klopt wel eind 2019 was het 0.5
    Maar mag er van uitgaan dat ze het vakantiegeld wel kunnen uitbetalen nu
19. orap 27 april 2020 09:58

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    freeze
    
20. Blik dekkende afbijt 27 april 2020 10:00

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    wat kost de accountant?