Azimut Holding

Azimut Holding is focused on asset managment and the sale of investment instruments. Through its directly controlled companies, Co. is engaged in the distribution, promotion, and management of financial and insurance products (primarily unit-linked products). Through the foreign companies belonging to its wholly owned Luxembourg company AZ International Holdings Sa, Co. is engaged in identifying, acquiring and managing new foreign partnerships.
  • TickerAZM
  • ISINIT0003261697
  • SectorFinancial Services
  • CountryItaly

AZIMUT HOLDING SPA reduces its risk exposure and slightly improves to Neutral

The independent financial analyst theScreener just allocated a lower risk rating to AZIMUT HOLDING SPA (IT), active in the Asset Managers industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date May 1, 2020, the closing price was EUR 15.53 and its expected value was estimated at EUR 15.31.

Expert Corporate Governance Service (ECGS)

Azimut Holding – AGM 23 April 2020

In item 2, the Board of Directors asks for the authorization to repurchase up to maximum 14 million treasury shares (9.8% of the share capital). While ECGS acknowledges that the Company is currently well capitalised, and the terms of the authorization are in line with its guidelines, it considers that the potential impact of the Covid-19 induced crisis is not yet known. Therefore, we consider that it is not appropriate to seek approval for a new buyback programme. Therefore, we recommend to oppose.   In item 3.1, shareholders are called to a binding vote on the remuneration policy. Overall r...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 10/12/2019 - Secteur bancaire

Secteur bancaire : Vers un peu plus de souplesse pour verser des dividendes via l’article 104a sous CRD5 Rallye (Vente) : Un plan de sortie de sauvegarde sur 10A Télécoms (Surpondérer) : De multiples opérations de cession de tours télécoms en 2019 Banco BPI : Annonce son exigence de capital réglementaire (SREP) 2020 Alstom (Conserver) : Contrat à €800m en Australie Valeo (Conserver) : Vise un cash-flow libre entre €1,3 md et  €1,5md en 2022 Azimut (Achat) : Fitch dégrade sa note à BBB-, la perspective est stable BNP Paribas (Conser...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 02/12/2019 - Gazprom - FR

Gazprom (Achat) : RN de RUB1tn (€14 mds) sur les 9M-19 Azimut (Achat) : Prévoit d’émettre une obligation senior de maturité 7 ans ArcelorMittal (Achat) : Offre de rachat en numéraire sur les souches 2020 et 2021 Fiat Chrysler Automobiles (Achat) : Accord avec le syndicat UAW sur une nouvelle convention collective de 4 ans Evoca-9M-19 : Marge d’EBITDA de 22,3% (-1,1pt) Swissport (Achat)- 9M-19 : EBITDA de €329m (+54,8%) Picard (Vente) - S1-19/20 : Résultat opérationnel de €47m (+3,1%) Hapag-Lloyd (Conserver, versus Achat) : S&P con...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 02/12/2019 - Gazprom - EN

Gazprom (O/P): Net Profit of RUB1tn (€14bn) In the Nine-Month Period of 2019 Azimut (O/P): Plans To Issue a 7-Year Senior Bond With a Maturity of 7 Years ArcelorMittal (O/P): Tender Offer on the 2020 and 2021 Bonds Fiat Chrysler Automobiles (O/P): New 4-Year Collective Agreement with the UAW Evoca - 9M-19: EBITDA Margin of 22.3% (-1.1pt) Swissport (O/P) - 9M-19: EBITDA of €329m (+54.8%) Picard (U/P) - H1-19/20: Operating Income of €47m (+3.1%) Hapag-Lloyd (M/P Vs O/P): S&P Affirms The B+ Rating And Raises the Outlook To Positive

Jérôme VINERIER

Short term view - AZIMUT : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €9.413, then €7.930. Passing €14.666 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - AZIMUT : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 9,413 €, puis 7,930 €. Le franchissement de 14,666 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - AZIMUT : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €9.413, then €7.930. Passing €14.666 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - AZIMUT : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 9,413 €, puis 7,930 €. Le franchissement de 14,666 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse moyen terme - AZIMUT : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 9,300 €, puis 6,800 €. Le franchissement de 15,000 € remettrait en cause la suite de la baisse.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior