Getlink SE Formerly known as Getlink. Getlink SE, formerly known as Groupe Eurotunnel SE, is a France-based company, which brings together a group of companies active in the fields of infrastructure management and transport operations. Its various entities share the attention to quality and customer service, with priority given to safety. The Company manages and operates the Channel Tunnel between the United Kingdom and France and its railway infrastructure. The Company is also engaged in the passenger and freight transport between continental Europe and the United Kingdom. In addition, it provides ferry transport through the Channel. Getlink SE has direct and indirect stakes in a number of companies, including The Channel Tunnel Group Limited, France Manche SA and Europorte SAS, among others.
  • TickerGET
  • ISINFR0010533075
  • ExchangeEuronext Paris
  • SectorIndustrial Transportation
  • CountryFrance
Charles Lepetitpas ...
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/20/2020

Now that the ban on short-selling is lifted in Europe, we have used the screening method developed for our sector allocation and stock hierarchy for the Stoxx 600 to identify the stocks on which short positions are likeliest to be taken. We have cross-referenced these results with the Reduce recommendations of our analysts and the result is a list of 26 stocks we cover. - ...

Virginie Rousseau

Getlink : A black year, but the group still has some cards up its sleeve

>Reopening of French-UK border: the key point of the summer season - In April (full month of lockdown on both sides of the Channel), Getlink saw contractions of 34% in HGVs and 91% in light vehicles (giving drops of 17% and 39% respectively since the start of the year).While the drop in HGV traffic might be a little less marked over the next few weeks thanks to the resumption of industrial production in France and the UK and regained market share after the rollou...

Valérie GASTALDY

Analyse court terme - GROUPE EUROTUNNEL : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. La baisse risque de reprendre jusqu'à 10,440 €. La tendance de fond serait remise en cause en cas de franchissement de 11,400 €.

Valérie GASTALDY

Short term view - GROUPE EUROTUNNEL : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. The fall might resume toward €10.440. The background trend would be questioned should prices rise above €11.400.

Valérie GASTALDY

Short term view - GROUPE EUROTUNNEL : The trend is bearish.

The trend is bearish. The bounce is gaining strength. The bounce might end at the resistance at €11.400 and prices would fall again toward €10.440. The background trend would be questioned should prices rise above €11.400.

Valérie GASTALDY

Analyse court terme - GROUPE EUROTUNNEL : La tendance est baissière.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 11,400 € et que les prix baissent à nouveau vers 10,440 €. La tendance de fond serait remise en cause en cas de franchissement de 11,400 €.

Valérie GASTALDY

Analyse moyen terme - GROUPE EUROTUNNEL : La tendance est haussière.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 10,000 €. La tendance serait remise en cause par la rupture de 10,000 €.

Charles Lepetitpas ...
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/20/2020

Now that the ban on short-selling is lifted in Europe, we have used the screening method developed for our sector allocation and stock hierarchy for the Stoxx 600 to identify the stocks on which short positions are likeliest to be taken. We have cross-referenced these results with the Reduce recommendations of our analysts and the result is a list of 26 stocks we cover. - ...

Virginie Rousseau

Getlink : A black year, but the group still has some cards up its sleeve

>Reopening of French-UK border: the key point of the summer season - In April (full month of lockdown on both sides of the Channel), Getlink saw contractions of 34% in HGVs and 91% in light vehicles (giving drops of 17% and 39% respectively since the start of the year).While the drop in HGV traffic might be a little less marked over the next few weeks thanks to the resumption of industrial production in France and the UK and regained market share after the rollou...

Charles Lepetitpas ...
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/05/2020

Alors que les restrictions aux ventes à découvert sont levées en Europe, nous avons souhaité tenter de déterminer, via la méthode de criblage développée pour l’établissement de notre allocation sectorielle et la hiérarchisation des valeurs du Stoxx 600, les titres les plus susceptibles de faire l’objet de prises de position short. Nous croisons ces résultats quantitatifs avec les recommandations négatives (Alléger) de nos analystes pour obtenir une liste de 26 titres au sein de notre ...

Virginie Rousseau

Getlink : Une année noire mais toujours des atouts dans la manche

>Réouverture de la frontière France / UK : l’enjeu de la saison estivale - En avril (mois de confinement complet des deux côtés de la Manche), Getlink a enregistré une baisse du trafic poids lourds de 34% et de 91% sur les véhicules de tourisme (portant la baisse à respectivement 17% et 39% depuis le début de l’année).Si la baisse du trafic poids lourds pourrait être un peu moins marquée dans les prochaines semaines grâce à la reprise de la production industriell...

Virginie Rousseau

Getlink : Q1 2020 revenues down 9%, 2020 guidance shelved as expected

>Q1 revenues down 8.6% vs -10.6% expected (ODDO BHF) - After reporting its shuttle traffic for Q1 2020 on 2 April, Getlink reported Q1 2020 revenues of € 233m, down 8.6% vs Q1 2019, 2% higher than our forecast of € 227.9m (no consensus available).Shuttle revenues were down 9.3% to € 133.6m (ODDO BHF: € 132.2m est.), affected by a 1e14% fall in volumes for passenger vehicles and -12% for trucks due to the lockdown measures and the voluntary reduction in on-board ca...

Groupe Eurotunnel SE: Update following publication of annual results

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 4 April 2017 Update RATINGS Groupe Eurotunnel SE Domicile France Long Term Rating Baa2 Type LT Corporate Family Ratings - Dom Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Raffaella Altamura 44-20-7772-8613

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/23/2020

We estimate that net current cash flow per share for the property companies we cover will be reduced on average by -11.3% in 2020e and -6.0% in 2021e. Retail property companies are likely to be hit the hardest while office and healthcare property groups should prove more resilient. Our Top Picks against this backdrop are Gecina and Colonial in office property, Cofinimmo in healthcare property and Klépierre in retail property. We downgrade Merlin Properties from Buy to Neutral. - ...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/04/2020

...

Alexandre Iatrides ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/02/2020

From its low point of 23 March, the Stoxx 600 has clawed back around 15%. Even so, we know that a recession is inevitable and that it will be unprecedented in its magnitude, for a duration that remains unknown and that the adjustment of earnings estimates has not run its course. In this context, it seems futile to think that we can have our cake (the current rise in share prices), eat it (the unprecedented support measures) and come back for second helpings (the expected rally once th...

Alexandre Iatrides ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 02/04/2020

Depuis son point bas (23/03), le Stoxx 600 a progressé de 15% environ. Pour autant on sait que la récession est inévitable, qu’elle sera inédite dans son ampleur, inconnue dans sa durée et que l’ajustement des estimations de résultats n’est pas à son terme. Dans ce contexte il parait vain de penser que l’on puisse avoir simultanément le beurre (la progression présente des cours), l’argent du beurre (les mesures de soutien sans précédent) et la crémière (le rallye attendu post pic épid...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jean Danjou
  • Johanna Jourdain
  • Martial Descoutures
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/17/2020

Applying basic assumptions related to the duration of total confinement measures (still to be taken in western countries) and the partial recovery of lost activity once the epidemic is behind us, we estimate that 2020 EPS will decline by 17% vs 2019. This variation is likely to be amplified as the duration of the confinement increases. Using the instantaneous cost of capital (11.35% at the time of writing), this yields a Stoxx 600 target of 256 points. Don’t catch a falling knife. - ...

GETLINK SE is downgraded to Slightly Positive due to increased risk

The independent financial analyst theScreener just slightly lowered the general evaluation of GETLINK SE (FR), active in the Transportation Services industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars. Its market behaviour, however, has slightly deteriorated and can be now qualified as moderately risky. This risk increase, even if marginal, forces theScreener to slightly downgrade the title, which now displays an overall rating of Slightly Positive. As of the analysis date December 17, 2019, the closing price was EUR 15.61 and its potential was est...

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 week...

Expert Corporate Governance Service (ECGS)

Getlink – AGM 30 April 2020

In the context of the current Covid 19 crisis, the Board of Directors has decided "as a matter of prudence and in view of the general trend", not to propose the payment of the 2020 dividend in respect of the 2019 FY. In a vision of long-term responsible investment, and in the current health, economic and social context, ECGS agrees that priority should go to solvency (resolution 2). The Board of Directors has announced the implementation, on 1 July 2020, of the separation of the roles of Chairman of the Board and CEO and the appointment of a new CEO. As part of the implementation of this new ...

Getlink SE - Assemblée Générale des actionnaires du 30 avril 2020

En raison de la crise actuelle du Covid-19, l'assemblée générale se tiendra à huis clos au siège social de la société. Dans les circonstances actuelles, la société a annoncé renoncer à verser un dividende "par prudence, et compte tenu d’une tendance générale de ne pas proposer lors de son assemblée générale annuelle le paiement en 2020 du dividende au titre de l'exercice 2019". Par ailleurs, a société avait également annoncé la séparation des fonctions de Président du conseil et de Directeur général à compter du 1er juillet 2020, Jacques Gounon conservant la présidence et Yann Leriche étant ...

Getlink, 18 Avril 2019

Le dividende proposé s'élève à 0,36 € par action contre 0,30 € l'an passé, soit une augmentation de 20% alors que le bénéfice par action croit de 14%. Il n'est pas couvert par les bénéfices. L'endettement significatif de la société limite l'attrait d'un dividende pour l'actionnaire de long-terme, la société subisant un endettement important de longue date en raison de son activité. Il est légitime que le dividende d'une activité de concession soit élevé mais l'augmentation du dividende de 6 centimes par action nous semble prématurée (résolution 2). La création et l'attribution d'une nouvelle ...

Getlink - Assemblée générale des actionnaires du 18 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Getlink – Proxinvest Corporate Governance Rating ® : B

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...

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