I can also confirm that accuracy of the posters claim.
Europe Equity Research
16 September 2013
"Nokia share price of €4.62, while on the most optimistic scenario valuing NSN at 1x
'14E sales and IP segment EBIT growth of 8% gives a potential Nokia share price of
I should also add the following:
"J.P. Morgan is acting as a financial advisor and provided a fairness opinion to Nokia Corp in the sale of the Devices & Services
business line to Microsoft Corporation. J.P. Morgan currently does not have a recommendation on Nokia Corp. This report is not intended
to serve as an endorsement of the proposed transaction or to result in or recommend any course of action by a security holder."
ok just saw the note, is good one of the big players seeing the potential of the IP portofolio...says nokia has only monetized 10% of its IP, so at 650m per year does that mean they can ramp it to to 6.5billion per year? is this correct?
Once they are done with HTC, they will go after Samsung and if they manage to get one or two bucks per smartphone plus an upfront payment for the past, it is pure profit and even with a timid P/E, it can bring a significant increase of the share price. IMO.
this is true.
JP Morgan is valuing Nokia between 4.90 euros to 10.53 euros
Or, in dollar terms,
$6.55 to $14.15
I received the file from JPM, my broker, this morning. Had to request it.
It was dated September 16, 2013.