By Apostolos Manthos
The digital revolution of the next decade forces or almost “condemns” the IT industry to lead the way, entering a constant phase of recovery and repositioning on the train of digital transformation and technological modernization of the state and thousands of companies. The train is expected by the majority of analysts to run in the coming years at breakneck speed since it is already late in the appointment of the global digital mutation. The new digital doctrine that is in progress will enter every productive and developmental corner causing a strong shock to the business becoming. And the big projects that are expected to run through the Recovery Fund and the new NSRF place the broader sector of information technology and new technologies as the “must” of 2021. Since recently in the article, “Digital whip in profitability”, we had analyzed on: Quest Holdings, Profile Software, Entersoft and Epsilon Net we will provide the current space of technical analysis to: Intracom Holdings, Space Hellas, Byte Computer and Quality & RELIABILITY.
We start with the group Intracom (INTKA), where according to the financial results of the 9 months for 2020 sales amounted to 312.6 million euros compared to 364 million euros in the corresponding period of 2019 while operating profitability EBITDA was 9.6 million euros against 20.2 million . euro of the last 9 months. The EBIT of the 9 months of 2020 came out marginally positive as the third quarter of 2020 closed with losses of 5.6 million euros. The bank lending of the group presented in the third quarter an increase of 17.4 million euros while at the end of 2019 the bank lending amounted to 202 million euros. Graphically, the share of Intracom has broken up at the end of November the long-term downward rotation “W” of 2018, at 0.75 euros, creating the appropriate conditions for a change of trend from downward to upward. million pieces approaching 0.877 euros while in the last sessions it completes the confirmation pullback by writing prices below 0.80 euros. upward wave to “pop” in the area of 0.98 to 1.18 euros, its capitalization is located at 61.5 million euros.
Its turnover Space Hellas (SPEIS) in the first 9 months of 2020 amounted to 47.9 million euros, compared to 45.9 million euros in the corresponding period of 2019, showing an increase of 4.27%, while EBITDA closed at 3.5 million euros compared to 3, 4 million euros, with a net debt of 30.2 million euros. The signing of the 50% – 50% acquisition agreement of SingularLogic with Epsilon Net is an important step for the expansion of Space Hellas in the field of software and applications, giving strong growth prospects. Technically, the stock now seems to be taking prices within the medium-long-term triangular formation of last January, having 4.80 euros as an escape route. An upward escape above 4.80 euros with an increase in trading volume will open the view for the very significant resistance of 6 euros. This area of special importance that extends around 4.40 euros. Its capitalization on the Greek Stock Exchange is a breath away from 30 million euros.
THE Byte Computer (ΒΥΤΕ) in the 9-month announcement presented a turnover of 21.96 million euros compared to 22.69 million euros in the corresponding period of 2019, thus recording a slight decrease of 3.20%, while earnings before interest and taxes (EBIT) amounted to 1.27 million euros compared to 820 thousand euros in 2019, showing an increase of 55.68%. Graphically, the stock has broken up the long-term downward trend line “Q” to 1.02 euros and seems to be gradually heading to the key point of 1.40 euros, an area where in the spring of 2019 was the target of the then divided Cup and In case the share exceeds 1.40 euros, the way will be opened for an ascent to 2. The capitalization of BYTE has just passed the door of 20 million euros.
Finally the Quality & Reliability (QUALITY) showed a turnover of 1.78 million euros in the first 9 months of 2020 compared to 1.515 million euros in the corresponding period in 2019, showing an increase of 17.50% with EBITDA closing at 45,478 euros compared to -16,572 euros in the corresponding period last year, showing an improvement of 374.43%. The weekly chart of the stock shows a huge accumulation in time size, close to 950 days, between 0.26 to 0.17 euros with small splitting spikes either up or down. At the moment, the share price is persistently flirting with the level of 0.25 to 0.26 euros, showing suspicious signs of a possible uptrend. A move which, if achieved with a strong trading volume, will give the plate a resistance of 0.306 euros. The capitalization of KUAL is close to 7 million euros.
* Mr. Apostolos Manthos is responsible for technical analysis and investment strategy at Aenaon Markets.