{"id":112495,"date":"2021-10-14T07:17:44","date_gmt":"2021-10-14T05:17:44","guid":{"rendered":"https:\/\/tim.www.timsa.pl\/noble-securities-46-potential-for-tim-rate-increase\/"},"modified":"2021-10-14T07:17:44","modified_gmt":"2021-10-14T05:17:44","slug":"noble-securities-46-potential-for-tim-rate-increase","status":"publish","type":"post","link":"https:\/\/www.timsa.pl\/en\/noble-securities-46-potential-for-tim-rate-increase\/","title":{"rendered":"Noble Securities: 46% potential for TIM rate increase"},"content":{"rendered":"<p><b><span class=\"TextRun SCXW157219026 BCX0\" lang=\"EN-GB\" xml_lang=\"EN-GB\"><span class=\"NormalTextRun SCXW157219026 BCX0\">In the analytical report of 14.10.2021, Noble Securities S.A. determined the present value of TIM SA shares<\/span><span class=\"NormalTextRun SCXW157219026 BCX0\">\u00a0at PLN 62.30, which gives a 46<\/span><span class=\"NormalTextRun SCXW157219026 BCX0\">% growth potential.<\/span><\/span><span class=\"EOP SCXW157219026 BCX0\">\u00a0<\/span><\/b><br \/>\n<!--more--><\/p>\n<p><span class=\"TextRun SCXW127920914 BCX0\" lang=\"EN-GB\" xml_lang=\"EN-GB\"><span class=\"NormalTextRun SCXW127920914 BCX0\">As explained by the analyst Noble Securities Micha\u0142 Sztabler, \u201cwe calculated the value of one TIM SA share as an average of the comparative valuation and DCF, with the weight of 50% each. On this basis, we determined the current value of shares to be PLN 62.3. In the comparative approach, we valued the commercial and logistics business separately (in both cases using an indicator analysis) and the sum of the obtained values represented the total value\u201d. In the report entitled \u201cTIM \u2013 historical peak results\u201d, the analyst also adds that \u201cthe growth rate in the commercial segment for 9M2021 and optimistic forecasts for e-commerce development led us to raise the forecast of revenues in the medium term\u201d.<\/span><\/span><span class=\"EOP SCXW127920914 BCX0\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW5650607 BCX0\" lang=\"EN-GB\" xml_lang=\"EN-GB\"><span class=\"NormalTextRun SCXW5650607 BCX0\">The report was prepared as part of the GPW Analytical Support Programme. You can download it from\u00a0<\/span><\/span><a href=\"https:\/\/en.timsa.pl\/investor-relations\/comments-analyses-recommendations\/\"><span class=\"TextRun Underlined SCXW5650607 BCX0\" lang=\"EN-GB\" xml_lang=\"EN-GB\"><span class=\"NormalTextRun SCXW5650607 BCX0\">Comments<\/span><\/span><span class=\"TextRun Underlined SCXW5650607 BCX0\" lang=\"EN-GB\" xml_lang=\"EN-GB\"><span class=\"NormalTextRun SCXW5650607 BCX0\">, analyses, recommendations.<\/span><\/span><\/a><span class=\"EOP BookmarkStart BookmarkEnd SCXW5650607 BCX0\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the analytical report of 14.10.2021, Noble Securities S.A. determined the present value of TIM SA shares\u00a0at PLN 62.30, which gives a 46% growth potential.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":112351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81,82],"tags":[],"class_list":["post-112495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investor-relations","category-news-for-investors"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/posts\/112495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/comments?post=112495"}],"version-history":[{"count":0,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/posts\/112495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/media\/112351"}],"wp:attachment":[{"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/media?parent=112495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/categories?post=112495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.timsa.pl\/en\/wp-json\/wp\/v2\/tags?post=112495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}