Casino Guichard-Perrachon et Cie. S.A.

Casino Guichard-Perrachon is a food retailer based in France. Co. operates hypermarkets, supermarkets, discount stores, convenience stores and cafeterias. Co.'s stores are discount stores selling groceries and consumer goods, and providing services like financial and insurance services, real estate, and restaurants. Co. operates hypermarkets under the brand Geant Casino; urban and rural supermarkets under the brand Casino Supermarches; city-centre supermarkets under the brand Monoprix; convenience/national superettes under the brands Petit Casino, Vival and Spar; covenience-paris area stores under the brand Marche Franprix; and discount stores under the brand Leader Price.
  • TickerCO
  • ISINFR0000125585
  • ExchangeEuronext Paris
  • SectorFood & Drug Retailers
  • CountryFrance
Clement Genelot

CASINO GUICHARD: EUR300m capital increase at Cnova in the starting blocks | SELL | EUR22(-17%)

CASINO GUICHARD - SELL | EUR22(-17%) EUR300m capital increase at Cnova in the starting blocks Cnova about to launch a EUR300m capital increase… …at some point by the year-end Casino could unlock EUR240-250me in net proceeds Thin margin for error in meeting the FY 2021 covenant with no asset disposals

Clement Genelot

CASINO GUICHARD: H1 top line under pressure with self-help preserving EBITDA | SELL | EUR22(-24%)

CASINO GUICHARD - SELL | EUR22(-24%) H1 top line under pressure with self-help preserving EBITDA Poor Q1 LfL in France, materially below our expectations Q2 LfL will remain under pressure but self-help will drive EBITDA Some asset disposals still needed to meet the Dec 2021 covenant Sell reiterated

Christian Guyot

INVEST SECURITIES - CASINO : Mauvais CA TA 21 "éclipsé" par un EBITDA en hausse - NEUTRE, OC 27,6€ (vs 26,4€)

Valérie GASTALDY

Analyse court terme - CASINO : Baisse en cours.

La tendance est haussière. La baisse en cours s'apparente à une consolidation. Le support à 32,70 € pourrait relancer le mouvement haussier vers 41,61 €. La rupture de 25,30 € mettrait la tendance en danger.

Valérie GASTALDY

Short term view - CASINO : Falling.

The trend is bullish. The current fall looks like a consolidation. The support at €32.70 could cause a bullish reaction towards €41.61. The break of €25.30 would endanger the trend.

Valérie GASTALDY

Short term view - CASINO : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €41.61. The break of €25.30 would endanger the trend.

Valérie GASTALDY

Analyse court terme - CASINO : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 41,61 €. La rupture de 25,30 € mettrait la tendance en danger.

Jérôme VINERIER

Analyse moyen terme - CASINO : Le rebond gagne en vigueur.

La tendance de fond est clairement orientée à la baisse. Le rebond gagne en vigueur. Il est trop tôt pour parler de retournement haussier. La tendance de fond serait remise en cause en cas de franchissement de 52,72 €.

Clement Genelot

CASINO GUICHARD GreenYellow to undertake a EUR150m capital increase

GreenYellow to undertake a EUR150m capital increase GreenYellow to undertake a EUR150m capital increase with two funds Operation reducing Casino's need for financing Also waiting for the disposal of Viavarejo!

Clement Genelot

CASINO GUICHARD: EUR300m capital increase at Cnova in the starting blocks | SELL | EUR22(-17%)

CASINO GUICHARD - SELL | EUR22(-17%) EUR300m capital increase at Cnova in the starting blocks Cnova about to launch a EUR300m capital increase… …at some point by the year-end Casino could unlock EUR240-250me in net proceeds Thin margin for error in meeting the FY 2021 covenant with no asset disposals

Clement Genelot

CASINO GUICHARD: H1 top line under pressure with self-help preserving EBITDA | SELL | EUR22(-24%)

CASINO GUICHARD - SELL | EUR22(-24%) H1 top line under pressure with self-help preserving EBITDA Poor Q1 LfL in France, materially below our expectations Q2 LfL will remain under pressure but self-help will drive EBITDA Some asset disposals still needed to meet the Dec 2021 covenant Sell reiterated

Christian Guyot

INVEST SECURITIES - CASINO : Mauvais CA TA 21 "éclipsé" par un EBITDA en hausse - NEUTRE, OC 27,6€ (vs 26,4€)

Clement Genelot

CASINO GUICHARD SELL | EUR22 Aiming to better monetise Cnova and Green Yellow

CASINO GUICHARD SELL | EUR22 Aiming to better monetise Cnova and Green Yellow IPO of Green Yellow and re-IPO of Cnova under consideration Towards a EUR1bn EV for Green Yellow? EUR195m proceeds for Casino Towards a EUR1.9bn EV for Cnova? EUR215m proceeds for Casino Proceeds to meet the EUR4.5bn disposal plan and impact on SOTP

Christian Guyot

INVEST SECURITIES - CASINO : Des résultats résilients mais est-ce suffisant ? - NEUTRE, OC 26,4€ (vs 23€)

Expert Corporate Governance Service (ECGS)

Casino Guichard Perrachon – AGM 17 June 2020

FINANCIAL SITUATION   On 23 May 2019, Casino was informed by its reference shareholder, Rallye, of the opening of safeguard proceedings related to respectively Rallye and its subsidiaries Cobivia and HMB, as well as Foncière Euris, Finatis and Euris. On 2 March 2020, Rallye, Foncière Euris, Finatis and Euris announced that the Paris commercial court had approved their safeguard plans on 28 February 2020.   In this context, no dividend is proposed in accordance with Proxinvest request for several years (resolution 3).   BOARD OF DIRECTORS   The elections and re-elections of directorship...

Charles Pinel

Casino Guichard-Perrachon - Assemblée Générale des actionnaires du 17 juin 2020

SITUATION FINANCIERE Par jugements du 28 février 2020, le Tribunal de commerce de Paris a arrêté les plans de sauvegarde de Rallye et de ses filiales ainsi que de leurs maisons-mères, les sociétés Foncière Euris, Finatis et Euris, sociétés constituant la cascade de holdings par laquelle Jean-Charles Naouri contrôle Casino. Dans ce cadre, il a enfin été mis fin au versement d’un dividende ainsi que le réclamait Proxinvest depuis plusieurs années. Cependant, cette décision n’interrompt pas le processus de cessions du groupe afin de désendetter les holdings de contrôle, processus qui rogne ainsi ...

Casino - Assemblée générale des actionnaires du 07 mai 2019

SITUATION FINANCIERE Casino fait l'objet de spéculations de la part de certains investisseurs en raison de l'endettement de la holding de contrôle de Jean-Charles Naouri, Président-Directeur général et principal actionnaire. Dans ce contexte, Casino a procédé à un plan de cession pour 1,5 Mds€ et a fixé une nouvelle cible d'au moins 2,5 Mds€ à réaliser d'ici le premier trimestre 2020. Cependant, le groupe a dégagé une perte de 54 M€ en 2018 et propose un dividende qui semble avant tout permettre à l'actionnaire de contrôle d'honorer sa dette financière. Il est temps que les actionnaires se mon...

Expert Corporate Governance Service (ECGS)

Casino Guichard Perrachon - AGM 07 May 2019

FINANCIAL SITUATION Casino is the subject of speculation by some investors due to the indebtedness of the controlling holding company of Jean-Charles Naouri, Chairman - CEO and main shareholder. In this context, Casino has implemented a disposal plan for € 1.5 billion and has set a new target of further asset disposal of at least € 2.5 billion to be achieved by the first quarter of 2020. However, the group generated a loss of € 54 million in 2018 and proposes a dividend that seems above all to allow the controlling shareholder to honour its financial debt. It is time for shareholders to act r...

Casino Guichard-Perrachon – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Anne-Barbara Nicco

Casino : Souscrire à partir de 5% à la nouvelle émission

Casino a annoncé un plan de refinancement de son Term Loan B de maturité 2024 (1,2 md EUR). L’opération comprend (i) la mise en place d’un nouveau Term Loan B sécurisé de maturité août 2025 d’une taille cible de 800 m EUR (price talk : EUR+425bp, OID 99,5/99,75%) et (ii) le lancement d’un nouvel emprunt obligataire non sécurisé de maturité avril 2027 d’une taille cible de 425 m EUR (price talk : 5,5%). Le cadre reste protecteur puisque les financements comportent les mêmes covena...

Anne-Barbara Nicco

Casino : When a plan comes together

The anticipation of massive debt redemptions has underpinned our recommendations on Casino for over a year now. Given the recent spate of news around this topic and the sharp tightening of yields, towards levels now in line with the rating, or even below, we are revising almost all our recommendations and advise to subscribe to the new 2026 issue (price talk: 7% area). - >Refinancing combined with a generous tender offer to speed up debt reduction, boost liquidity, and thu...

Anne-Barbara Nicco

Casino : Quand un plan se déroule sans accroc

L’anticipation de rachats de dettes massifs constituait le coeur de nos recommandations sur Casino depuis plus d’un an. Face à l’accélération du newsflow en la matière et au fort resserrement des rendements vers des niveaux désormais plus en ligne avec le rating, voire en-dessous, nous révisons, dans cet update, nos recommandations et conseillons de souscrire à la nouvelle émission compte tenu de la prime attractive offerte (price talk de 7% area). - >Un refinancement comb...

Anne-Barbara Nicco

Casino : Recommendations left unchanged in the light of recent developments

In this new report, we discuss the recent newsflow, mainly the draft safeguard plan for Rallye announced in December and Casino's profit warning in January, as a direct result of transport strikes. In light of these developments and current yield levels, we are leaving unchanged our recommendations (Buy 2021 to 03/2024 notes, Neutral on other notes). - >A revision of France Retail trading profit guidance, which should undermine the free cash flow target though this should...

Anne-Barbara Nicco

Casino : Recommandations inchangées à la lumière des développements récents

Nous revenons, dans cette nouvelle note, sur le newsflow récent autour du groupe, à savoir principalement le projet de sauvegarde de Rallye dévoilé début décembre et le profit warning de janvier, conséquence directe des grèves de transport. A la lumière de ces développements et des niveaux de rendements actuels, nous ne modifions pas nos recommandations (Achat des maturités 2021 à 2024, Neutre sur les autres souches). - >Une révision de la guidance de ROC France Retail qui...

Emmanuel Matot ...
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 07/21/2020

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Emmanuel Matot ...
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 21/07/2020

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Alfred Glaser ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 04/24/2020

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CASINO GUICHARD PERR receives a double requalification that leads to a downgrade to Neutral

CASINO GUICHARD PERR (FR), a company active in the Food Retailers & Wholesalers industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis date February 26, 2021, the closing price was EUR 26.58 and its ex...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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