DGAP-News: Cryptology"s estimated NAV per share as of 8/12/2021 is €11.43 as Hauck & Aufhäuser issues updated "BUY" rating with target of €208 for Northern Data

2021. december 09., csütörtök, 16:58







DGAP-News: Cryptology Asset Group PLC


/ Key word(s): Statement/Cryptocurrency / Blockchain






Cryptology"s estimated NAV per share as of 8/12/2021 is €11.43 as Hauck & Aufhäuser issues updated "BUY" rating with target of €208 for Northern Data








09.12.2021 / 16:58




The issuer is solely responsible for the content of this announcement.




Corporate News



Cryptology Asset Group p.l.c. ("Cryptology")
Malta, 9.12.2021



Cryptology"s estimated NAV per share as of 8/12/2021 is €11.43 as Hauck & Aufhäuser issues updated "BUY" rating with target of €208 for Northern Data



Malta, 9.12.2021. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR), a leading European holding company for crypto assets and blockchain-related business models, announced its most recent weekly estimated Net Asset Value ("NAV") per share of €11.43.



The updated estimated NAV figures come on the morning of Hauck & Aufhäuser issuing an updated report on Northern Data equity with a new "BUY" rating and a price target of €208. Shares opened this morning around €95, meaning Hauck & Aufhäuser is projecting over a 100% price increase over time.



GBC AG, an independent capital markets research firm, issued an updated report on Cryptology after the share split with a "BUY" rating. Adjusting for the 20-1 stock split, GBC increased its price target to €18.35. The shares closed yesterday around €7.80, implying over a 50% discount to GBC"s price target.



Cryptology CEO, Patrick Lowry, said "Northern Data has certainly weathered the storm this year and, in my personal opinion, has come out looking stronger than ever. I expect big things from Aroosh and the Northern Data team in the new year."



Cryptology shares currently trade on several German exchanges including Börse Düsseldorf, Gettex and Tradegate. In order to increase trading liquidity and open up to new shareholder groups, Cryptology is currently exploring an international listing.



About Cryptology Asset Group p.l.c.



Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR) is a leading European holding company for crypto assets and blockchain-related business models. Founded by Christian Angermayer"s family office, Apeiron Investment Group, and crypto-legend Mike Novogratz, Cryptology is the largest publicly traded holding company for blockchain- and crypto-based business models in Europe. Noteworthy portfolio companies include crypto-giant and EOSIO software publisher Block.one, leading HPC provider Northern Data, commission-free online neobroker nextmarkets, and crypto asset management group Iconic Holding.



Media Contact:



Cryptology Asset Group p.l.c.



Jefim Gewiet (COO)



66/67, Beatrice, Amery Street,



Sliema SLM 1707 Malta



E-mail: info@cryptology-ag.com
















09.12.2021 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.

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Language: English
Company: Cryptology Asset Group PLC

Beatrice 66 & 67, Amery Street

SLM 1707 Sliema

Malta
E-mail: info@cryptology-ag.com
Internet: cryptology-ag.com
ISIN: MT0001770107
WKN: A2JDEW
Listed: Regulated Unofficial Market in Dusseldorf
EQS News ID: 1256240





 
End of News DGAP News Service





1256240  09.12.2021 



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