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Sequoia Economic Infrastructure Income Fund Ltd: 1 director

A director at Sequoia Economic Infrastructure Income Fund Ltd maiden bought 24,519 shares at 82p and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's direct...

Arnaud Autier ... (+2)
  • Arnaud Autier
  • Pierre Tegner

Campari : Preview T1 24e : de nouveaux ajustements à la baisse

>Sous-performance maintenue et OC abaissé à 8.6 € vs 9.6 € auparavant - Nous maintenons notre opinion à Sous-performance sur Campari. L’ajustement baissier continue sur les BPA expliquant la performance du titre sur ces derniers mois. En cause d’abord, la hausse des frais financiers du fait de l’acquisition de Courvoisier dont l’intégration constitue un facteur d’incertitudes à court terme. Ensuite, le MOP sous pression en FY 24e alors que celle-ci est toujours en deç...

Chaima Ferrandon ... (+2)
  • Chaima Ferrandon
  • Sven Edelfelt

Sika : Un début d’année conforme

>CA T1 2024 en ligne avec les attentes - Le CA du T1 2024 ressort à 2 648 MCHF (+0.2% à pcc et +13.8% en réel), en ligne avec le consensus (2 636 MdCHFe) et 3% au-dessus de nos attentes (2 567 MCHF). Nous attendions une contribution de MBCC légèrement moindre à 17.3% contre 19.9% publiés. La croissance à pcc ressort à 0.2% après 0.8% au T4, +1.3% au T3 et +0.3% au T2. Rappelons que le nombre de jours ouvrés ressort négatif à -1.5% au T1. Dans la branche EMEA, les...

Gautier Le Bihan
  • Gautier Le Bihan

Ekinops : Des résultats mitigés, peu de visibilité, faible croissance ...

>CA T1 24 en repli de 11% à 28.3 M€, en deçà de nos attentes - Ekinops a publié hier soir un CA T1 24 à 28.3 M€, en repli de 11% y-o-y. Ce niveau, en deçà de nos attentes (ODDO BHF 30.3 M€, -5%e), s’inscrit dans la tendance du CA T3 et CA T4 2023 (respectivement de 27.8 M€ et 30.3 M€). Cette baisse est due au Transport en recul de 27%, en raison de : 1/ d’un effet de base défavorable (+32% en N-1), 2/ des politiques de Capex prudentes et 3/ à l’existence de stocks che...

David O'Brien
  • David O'Brien

Trading report in-line with sector peers

The results for the six-months to January are robust against a backdrop of declining confidence in both clients and candidates generally. With an improvement in the contract book during early Q3 we think this highlights that the tide is starting to turn and likely to feed through to demand for permanent hires ahead of the CY24 end. With net cash accounting for over 70% of the current market capitalisation, the operating business appears undervalued. H1 results were broadly in line with expectat...

ABGSC Consumer Goods Research ... (+3)
  • ABGSC Consumer Goods Research
  • Benjamin Wahlstedt
  • Fredrik Ivarsson

Lack of bright signals

Unchanged market conditions from Q4. We forecast adj. EBIT of SEK -0.8bn. Reiterate HOLD, TP raised to SEK 98 (95).

Paul de Froment ... (+3)
  • Paul de Froment
  • Sebastián Marroquin Mérida
  • Thomas Mordelle

Avantium: Partnership with TNO

Avantium, through its subsidiary Avantium R&D Solutions, announced yesterday a partnership with The Netherlands Organisation for Applied Scientific Research (TNO) for the manufacturing of PEM electrolyser test stations. As such, while Avantium will not supply electrolysers per se, it will be ab

Robert Jan Vos
  • Robert Jan Vos

B&S Group S.A. : Revenue in line and underlying EBITDA of € 113m a tad...

>Reported EBITDA margin 5.0%; underlying EBITDA margin of 5.1% in 2023 - B&S Group reported revenue of € 2,220m (ABN: € 2,230m, consensus: € 2,256m) and organic revenue growth of 4.0% (ABN: 4.6%, consensus: 5.2%) in 2023. Reported EBITDA amounted to € 110.9m (ABN: € 110.5m, consensus: € 106.1m). Net profit and EPS came in at € 33.8m and € 0.40, respectively (ABN: € 30.8m, € 0.37, consensus: € 31.4m, € 0.37). The group proposes a dividend of € 0.16 (ABN and consensus: ...

Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri

Ericsson : Better than expected margins in Q1 with few one-time elemen...

>Q1 2024 results > expectations thanks to Networks (IPR contract) and a one off - This morning, Ericsson reported Q1 2024 results that were above expectations thanks to a better-than-expected margin in Networks (44.3% vs 40.6%) notably linked to an IPR contract signed with some retroactivity of SEK3.1bn and a one-time gain of SEK 1.9bn. Revenues were SEK 53.3bn, below the consensus of SEK 54.7bn, down 15% organically. The adjusted gross margin was 42.7%, above the con...

Maissa Keskes ... (+2)
  • Maissa Keskes
  • Stephane Houri

Ericsson : Better than expected margins in Q1 with few one-time elemen...

>Q1 2024 results > expectations thanks to Networks (IPR contract) and a one off - This morning, Ericsson reported Q1 2024 results that were above expectations thanks to a better-than-expected margin in Networks (44.3% vs 40.6%) notably linked to an IPR contract signed with some retroactivity of SEK3.1bn and a one-time gain of SEK 1.9bn. Revenues were SEK 53.3bn, below the consensus of SEK 54.7bn, down 15% organically. The adjusted gross margin was 42.7%, above the con...

 PRESS RELEASE

Cargotec’s interim report January–March 2024 to be published on Tuesda...

Cargotec’s interim report January–March 2024 to be published on Tuesday, 30 April 2024 CARGOTEC CORPORATION, PRESS RELEASE, 16 APRIL 2024 AT 9:30 AM (EEST) Cargotec’s interim report January–March 2024 to be published on Tuesday, 30 April 2024 Cargotec Corporation will publish its interim report January–March 2024 on Tuesday, 30 April 2024 at approximately 9:00 a.m. EEST. The report will be available at after publication. A live international telephone conference for analysts, investors and media will be arranged on the publishing day at 10:00 a.m. EEST. The event will be held in E...

 PRESS RELEASE

Effnetplattformen Holding AB (publ): Kallelse till årsstämma i Effnetp...

Effnetplattformen Holding AB (publ): Kallelse till årsstämma i Effnetplattformen Holding AB Stockholm, 16 april 2024 -- Aktieägarna i Effnetplattformen Holding AB (publ) (org nr 559179-8342) kallas härmed till årsstämma fredagen den 17 maj 2024, kl. 10.00 på Advokatfirman Nerpins kontor, Birger Jarlsgatan 2, 3 tr i Stockholm. Anmälan Aktieägare som vill delta i bolagsstämman skall vara införd i den av Euroclear Sweden AB förda aktieboken onsdagen den 8 maj 2024 och senast fredagen den 10 maj 2024 anmäla sin avsikt att delta i bolagsstämman enligt något av följande al...

 PRESS RELEASE

Nxera Pharma Notes Successful Development Progress of Partnered Schizo...

Nxera Pharma Notes Successful Development Progress of Partnered Schizophrenia Candidate NBI-1117568 NBI-1117568 is an oral, selective muscarinic M4 receptor agonist advancing through Phase 2 clinical development under a multi-program collaboration with Neurocrine BiosciencesSuccessful completion of a long-term preclinical toxicity program to support safe, chronic dosing of NBI-1117568 in future clinical trials triggers a $15 million payment to Nxera from Neurocrine Biosciences Tokyo, Japan and Cambridge, UK, 16 April 2024 – Nxera Pharma Co., Ltd. (“Nxera” or “the Company; TSE 4565) – form...

 PRESS RELEASE

Nouvelle mise en service à Taïwan pour NHOA Energy avec TCC, atteignan...

PARIS--(BUSINESS WIRE)-- Regulatory News: NHOA Energy, la société du Groupe NHOA (Paris:NHOA) dédiée au stockage d'énergie, a mis en service avec succès le projet de stockage d'énergie de plus de 120MWh pour le Groupe Taiwan Cement (« Groupe TCC ») situé dans le parc industriel de SuAo, dans le comté de Yilan, Taïwan. S'inscrivant dans un contexte plus large de projets réussis à travers le monde, la mise en service à SuAo confirme l'ancrage de NHOA Energy en Asie, avec plus de 550MWh de systèmes en fonctionnement, et sa solide trajectoire de croissance à l'échelle mondiale, avec environ 2G...

 PRESS RELEASE

Cargotec julkaisee tammi–maaliskuun 2024 osavuosikatsauksen tiistaina ...

Cargotec julkaisee tammi–maaliskuun 2024 osavuosikatsauksen tiistaina 30.4.2024 CARGOTEC OYJ, LEHDISTÖTIEDOTE, 16. HUHTIKUUTA 2024 KLO 9.30 Cargotec julkaisee tammi–maaliskuun 2024 osavuosikatsauksen tiistaina 30.4.2024 Cargotec Oyj julkaisee tammi–maaliskuun 2024 osavuosikatsauksen tiistaina 30.4.2024 noin klo 9.00. Raportti on saatavilla julkaisun jälkeen osoitteessa Kansainvälinen puhelinkonferenssi analyytikoille, sijoittajille ja toimittajille järjestetään julkaisupäivänä klo 10.00. Tilaisuus on englanninkielinen. Raportin esittelevät Cargotecin toimitusjohtaja Casimir ...

 PRESS RELEASE

Publication of eQ Plc’s Q1 2024 interim report and invitation to resul...

Publication of eQ Plc’s Q1 2024 interim report and invitation to result presentation eQ Plc Investor news16 April 2024, at 9:30 a.m. eQ Plc will publish its Q1 2024 interim report on Tuesday 23 April 2024 at around 8:00 a.m. eQ will present the result to press, investors and analysts in a press conference to be held on 23 April 2024 at 11:00 a.m. The press conference will held at eQ's head office in Helsinki, address Aleksanterinkatu 19, 5th floor, 00100 Helsinki and it is also possible to participate via webcast. The webcast participation requires a registration. The press conference w...

 PRESS RELEASE

Syensqo releases inaugural 2023 annual integrated report

Syensqo releases inaugural 2023 annual integrated report Syensqo releases inaugural 2023 annual integrated report Brussels, April 16, 2024  Syensqo has published its inaugural 2023 annual integrated report today giving its stakeholders a comprehensive and integrated overview of the company's strategy, business activities and performance for the year. The report includes the company’s financial and extra-financials statements, including its environment and societal performance as well as its governance, remuneration and risk management practices. More than just a simple report, the 20...

 PRESS RELEASE

Syensqo publie son premier rapport annuel intégré 2023

Syensqo publie son premier rapport annuel intégré 2023 Syensqo publie son premier rapport annuel intégré 2023 Bruxelles, le 16 avril 2024 - 08h30 CEST  Syensqo publie son premier rapport annuel intégré 2023, qui constitue un aperçu complet et intégré de la stratégie, des activités et des performances du Groupe sur l’année. Le rapport comprend les états financiers et extra-financiers, y compris les performances environnementales et sociétales ainsi que les pratiques en matière de gouvernance, de rémunération et de gestion des risques. Plus qu'un simple rapport, le document me...

 PRESS RELEASE

Syensqo publiceert eerste geïntegreerde jaarverslag 2023

Syensqo publiceert eerste geïntegreerde jaarverslag 2023 Syensqo publiceert eerste geïntegreerde jaarverslag 2023 Brussel, 16 april 2024 - 08u30 CEST  Syensqo heeft vandaag zijn eerste geïntegreerde jaarverslag 2023 gepubliceerd. Dat biedt de stakeholders een volledig en geïntegreerd beeld van de economische, ecologische en maatschappelijke prestaties van de groep in het afgelopen jaar. Het verslag biedt een overzicht van de financiële en de niet-financiële prestaties van Syensqo, inclusief de milieu- en maatschappelijke resultaten alsook bestuur, het verloningsbeleid en risicobeh...

Paul Bryant
  • Paul Bryant

AUM up 30% in FY24, record flows, forecasts raised

AUM jumped £3.8bn or +30% in FY24, reaching £16.6bn on 31 Mar 24, 12% above our previous forecast of £14.7bn. Including 50%-owned 8AM Global, Assets Under Influence hit £17.6bn. Investment performance provided a tailwind, adding £1.5bn to AUM. But our key takeaway from Tatton’s hugely impressive last few years, is that it has designed and implemented a superior offering in platform-MPS with net flows consistently far higher than peers. That leadership looks even more pronounced in H2-24 with net...

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