It surprises SharesUnion that its share price has fallen more than 10 percent in a year.
Investors seem concerned about the end markets in which the company operates.
Sharesondereentientje sees an opportunity.

Visitors from outside the EU who have made purchases within the EU can reclaim the VAT they paid when they leave the EU again.
The process of reclaiming seems complicated so many tourists balk at it.
This company facilitates VAT reclaim by acting as an intermediary between consumers, retailers, customs and tax authorities.
Results suffered greatly from corona when travel was down.
Sales have since recovered, but not yet the stock price.
Management is initiating new, high-value fintech activities and has the backing of reputable investors.

This company successfully took its subsidiary company public last September.
This IPO allowed $21 million to be added to the company’s coffers, and $65 million to the subsidiary’s coffers.
Thus, both parent and subsidiary are now extremely well capitalized.
The company still has a 65% interest in the subsidiary company remaining after this IPO.
This stake alone is worth nearly $220 million at the time of writing, while the company itself has a current market capitalization of less than $110 million.
It therefore appears that there is a significant undervaluation.