New target price is 38.4 NOK. Link is still a great business.
We have overhauled our own analysis on Link Mobility, and here are some key takeaways:
We are more confident than ever in the growth and scalability.
The recent growth decline is temporary, we expect 7,3% organic growth going forward (and we will show you why)
EBITDA will double next 3 years
We assign somewhat less value to M&A than previously
Link reporting quality and communication is excellent
If you want to learn more you must read our 31 page full analysis 😊
Disclaimer:
Hvaler Invest is a significant shareholder so you cannot trust us (or perhaps you can?)
Best regards,
David and Sverre
Hvaler Invest AS
Lillestrøm, Norway
08.07.26