Eng Advanced Blockchain AG: GBC Research publishes initial coverage with target price of 23.32 EUR
April 27, 2022 at 04:53 am EDT
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DGAP-News: Advanced Blockchain AG
/ Key word(s): Cryptocurrency / Blockchain/Rating
Eng Advanced Blockchain AG: GBC Research publishes initial coverage with target price of 23.32 EUR
27.04.2022 / 10:51
The issuer is solely responsible for the content of this announcement.
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is pleased to announce that GBC AG (www.gbc-ag.de/), has published an initial Research report with a target price of 23.32 EUR ( http://www.more-ir.de/d/23899.pdf).
The valuation is based on a NAV approach and values the broadly diversified portfolio of Advanced Blockchain AG and its subsidiaries at an enterprise value of 88 million EUR.
GBC analysts Julien Desrosiers, Matthias Greiffenberger and Felix Haugg will accompany the further operational as well as strategic development of Advanced Blockchain AG with their continued research.
On Friday, Advanced Blockchain AG will publish a detailed investor update that includes news regarding the company's development and annual results. This update will be published on the company's website.
About Advanced Blockchain AG
Advanced Blockchain AG is a leading venture builder and investor in the blockchain industry with an extensive team of analysts, developers, programmers, economists and mathematicians dedicated to developing the future of Web 3.0. The team consists of approximately 200 members worldwide working on more than 23 different next generation DeFi (Decentralized Finance) and Web 3.0 projects.
For more information about Advanced Blockchain AG and its various projects and investments, please visit: https://www.advancedblockchain.com/.
27.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Advanced Blockchain AG is a Germany-based information technology (IT) company. The Company specializes in blockchain, utilizing distributed ledger technology (DLT), while simultaneously further developing other technological solutions, such as directed acyclic graphs (DAG). The Company operates within four business fields: DLT Consultancy, which offers businesses advice on how to apply DLT to their needs and provides the necessary know-how in the implementation process; Applications, which pursues further development and commercialization possibilities of the DAG technology and includes the Company's research activities; Development for third parties, which involves creating dedicated software on order, ranging from minor business process optimizations to full renewal of the business model based on the DAG technology, and Software as a Service (SaaS), which provides decentralized data processing and hosting services in exchange for a license fee.
ADVANCED BLOCKCHAIN AG 
