Arab Cotton Ginning: 1 director

A director at Arab Cotton Ginning bought/sold 6,400,000 shares at 0.000EGP and the significance rating of the trade was 90/100. 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 directors over the last two ...

Brunello Cucinelli : Momentum toujours remarquable au T1, plan de marc...

>La croissance reste vive au T1 à +17.9% tcc, pas vraiment de décélération par rapport à la fin de 2023 - Le groupe publie une croissance de à tcc de 17.9% sur le T1 soit un CA publié à 309.1 M€. Nous attendions 303 M€ soit une croissance à tcc de 14.7% et le consensus FactSet avant publication était plus optimiste à 308 M€, la publication parvient donc à excéder des attentes déjà optimistes. La croissance y/y à tcc au T4 2023 s’affichait à 19.5%, la décélération est ...

Hapag-Lloyd : A new strategy out to 2030, in line with the current str...

>A new 2030 road map, which shows no break with the current strategy - Hapag-Lloyd has just unveiled its new strategy out to 2030. The foundation of the new road map is broadly in line with the group’s current strategy. This is based on five pillars: 1/investment in the fleet, development in the management of terminals (target for 10 to 15 new terminals by 2030) and growth in road haulage (increasing the contribution from this activity from 18% in 2022 to 30% in 2030)...

Vogo : Analyst meeting feedback: no breaking news, but an encouraging ...

>A transitional year impacted by the transformation of the model - The analyst meeting organised yesterday was an opportunity for management to review the 2023 annual results published on 10 April: Sales down 20% to € 9.6m mainly impacted by the transition to the new Taas model which is marked by rental contracts (hardware, software and services) over a period of 3 to 5 years compared to direct sales previously.EBITDA which has returned to negative territory...

SGS : Q1 preview – set for good start to 2024, but the impact of new m...

>Q1 2024e: 6.0%e organic growth - The group is due to report Q1 sales (its first quarterly sales release) on Friday 26 April before trading. Up to now, the group only reported on a half-yearly basis.The group is set to announce pro-forma quarterly sales figures for 2023 when it posts its Q1 sales. Q1 and Q3 sales are generally slightly below those of Q2 and Q4.We expect Q1 trends to be broadly along the same lines as at end-2023, in line with management’s co...

La Française des Jeux : Q1 2024 revenues below our expectations, with ...

>Q1 2024 revenues shy of our expectations, good momentum on games in the digital segment - FDJ reported yesterday after the close of trade Q1 2024 revenues of € 710m (+7.2% on a reported basis, i.e. close to the FY 2024 guidance of c.+8%), 6% below our estimates (ODDO BHF € 759m). In detail, lottery revenue totalled € 504m (+1.4%) and benefited from the momentum of instant games (+4%), while draw games (-3%) remained penalised by the evolution of Amigo. Stripping out ...

Viscofan : Q1 2024 EBITDA a touch below, earnings broadly in line

>Sales remain soft but lower costs save the day - The group’s Q1 operating results were a touch below our estimates yet aligned with the consensus (0% reported, +3%cc vs +6%cc in Q4), with sales evolving somewhat below expectations due to the soft demand in LatAm, lower energy revenues not to mention the hard comp (+17% in Q1 23!). All regions but Asia-Pacific deteriorated its sales momentum in the quarter, as expected. At the business level, energy the biggest shock ...

ARS Pharmaceuticals Inc: 1 director

A director at ARS Pharmaceuticals Inc sold 100,000 shares at 9.280USD and the significance rating of the trade was 67/100. 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 directors over the last two years...

Eqt Holdings Limited: 1 director

A director at Eqt Holdings Limited maiden bought 1,700 shares at 30.224AUD and the significance rating of the trade was 69/100. 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 directors over the last two ...

Salesforce Inc: 5 directors

Two Directors at Salesforce Inc sold after exercising options/gave away 16,928 shares at between 0.000USD and 277.076USD. The significance rating of the trade was 75/100. 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...

Plumb Fast Co: 1 director

A director at Plumb Fast Co bought 50,000 shares at 3,236.000KRW and the significance rating of the trade was 74/100. 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 directors over the last two years clea...

Hapag-Lloyd : Une nouvelle stratégie horizon 2030, qui s’inscrit dans ...

>Une nouvelle feuille de route 2030, qui ne constitue pas une rupture avec la stratégie actuelle - Hapag-Lloyd vient de communiquer sa nouvelle stratégie à horizon 2030. Les bases de la nouvelle feuille de route, s’inscrivent globalement dans la continuité de la stratégie actuelle du groupe. Celle-ci est axée sur 5 piliers : 1/ investissements dans la flotte, développement dans la gestion des terminaux (objectif de 10 à 15 nouveaux terminaux d’ici 2030) et croissance ...

FUCHS SE (pref) : Preview Q1 – On track for records

>Q1 results due 30 April – project 11% EBIT growth y-o-y to € 114m (cons € 112m) - We expect upcoming Q1 2024 results of FUCHS to continue on its growth path and annual y-o-y EBIT recovery trend that started in Q2 2022. EBIT including at equity may come in at € 114m, 11% above the previous year’s level of € 103m and seasonally weaker € 100m in Q4 2023. This leaves us 2% ahead of the € 112m at current Visible Alpha consensus.Volume recovery continues, posi...

ACS : A de-risking strategy as a general principle, to result in € 850...

>New targets lead to € 850-1,000m net profit in 2026… - ACS hosted yesterday a CMD in which it 1/ provided a guidance of € 850-1,000m net profit in 2026, revenues of c.€ 43bn (c.€ 48bn if including Thiess) also in 2026 and cumulative FCF of € 3.3-4.0bn in the 2024-2026 period; 2/ forecast accumulated dividends surpassing € 2bn in the 2024-2026 period (from € 0.6bn in 2023); 3/ provided a self-valuation of c.€ 50 per share; and 4/ confirmed being in negotiations to ac...

Redeia : Regulatory impact kicking in

>Regulatory impact drives results decline - Redeia will release Q1 2024 results on 30 April. Results are marked by the loss of pre-1998 regulated assets (estimated annual impact of € 260m in 2024: € 307m remuneration impact, partially offset by € 47m revenues from the start of extension of useful life of those assets) as widely anticipated by the company and consensus estimates. As a result, domestic electricity infrastructure is expected to reduce its contribution to...

Q1'24: Operating profit beat, but no buybacks

Corbion N.V. : As guided by Corbion, we expect a slow start to the yea...

>€ 306m sales and € 41m EBITDA expected in Q1 2024 - Corbion is set to report its Q1 2024 trading update (sales and EBITDA) on 26 April at 07:00 and will host a conference call later that morning. We forecast -1.3% organic sales growth in Q1 2024, split between volume/mix of 0.5% and pricing of -1.8%. Consensus is at -0.8%, split between 1.6% volume/mix and pricing of -2.4%. Our sales forecast is € 305.6m and our EBITDA forecast is € 40.9m for Q1 2024 (consensus: € 30...

SGS : Preview T1 – Un bon début d'année à prévoir, mais les effets des...

>T1 2024e : 6.0%e de croissance organique - Le groupe publiera pour la première fois son CA T1, le vendredi 26 avril avant Bourse alors qu’il ne publiait jusqu’à présent que sous un rythme semestriel.Il devrait annoncer ses chiffres trimestriels pro forma pour l'année 2023 lors de cette publication. Les chiffres d'affaires du T1 et du T3 sont traditionnellement légèrement inférieurs à ceux du T2 et du T4.Nous pensons que les tendances du T1 devraient restées...