Ho Hum here for Sure, page-4

I don't think the First Berlin Equity Research report is as appetising as you imply.

Their recommendation is indeed buy, but the price target is a pathetic €0.19, with a high risk rating.

On another matter, can somebody advise me what the following clause means in the First Berlin Equity Research report?

"First Berlin notes that it has concluded a contract with the issuer to prepare financial analyses and is paid for that by the issuer."

I can find no mention in the report of who the issuer is.

Investopedia states this: "An issuer is a legal entity that develops, registers and sells securities to finance its operations."

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