Investment im Fokus – AHT Syngas N.V. - 26.04.2024

Das Geschäftsmodell der AHT Syngas Technology (kurz: AHT) basiert auf einer ausgereiften und robusten Technologie zur umweltfreundlichen Energieerzeugung, die auf die ehemalige Klöckner Humboldt Deutz AG zurückgeht. AHT hat sich zu einem weltweit agierenden Unternehmen entwickelt, das sich auf die Entwicklung von Technologien zur Umwandlung kohlenstoffhaltiger Brennstoffe in Synthesegase konzentriert. Konkret entwickelt, plant und vertreibt das Unternehmen weltweit innovative dezentrale Kraftwer...

INVEST SECURITIES - ALTEN : Pas de drame mais pas de signes de reprise...

Cryosite Limited: 2 directors

Two Directors at Cryosite Limited sold/bought 2,000,000 shares at 0.830AUD. The significance rating of the trade was 72/100. 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 yea...

Valeo : No major surprises in Q1 release

>Q1 in line despite weakness in EVs, H1 expected to be weaker than H2 - Valeo yesterday evening reported Q1 2024 sales of € 5,427m, down 1% as reported (+2% on an organic basis), in line with expectations (€ 5,410m). In the original equipment segment, the outperformance was only 2 points (vs c.4 points for Forvia and OPM), mainly due to the weakness of the High Voltage Electrification business (sales halved). Other than that, the full-year guidance has been confirmed,...

Xior Student Housing : Q1 2024 results: Debt defeated, disposals domin...

>Additional disposals of €110m in Q1 2024, all debt maturities until Q2 2025 extended/repaid, outlook reiterated - Of the €340m disposal program €220m is now fully sold/closed, of which €100m in funds are already received and the remaining €120m will be received in cash before 30-06-2024 (YE 2023: €66m fully sold/closed; €44m under agreement/ exclusivity). All loans have been refinanced for the coming 12 months, where the (expensive) bridge loan has now been rep...

Safran : Q1 sales 1.2% above css with positive mix – FY 2024 guidance ...

>Q1 2024 sales 1.2% above css thanks to volume recovery in Equipment and services across the board - Q1 2024 sales came out 1.2% above consensus expectations at € 6,220m (ODDO BHF: € 6,080m, company compiled css: € 6,145m), showing a 19.1% l-f-l increase. In details:Propulsion sales were up 15.4% l-f-l to € 3,097m thanks to a solid civil aftermarket growth of 27.3% (vs 24% expected) driven by stronger-than-expected growth in LTSA (CFM56 and Leap) as well as incre...

Nel: Capacity reservation agreement with Hy Stor Energy

This morning, Nel announced a multi-year capacity reservation agreement (CRA) with Hy Stor Energy, representing more than 1GW of alkaline electrolyser capacity combined over 2025/2027, for its Mississippi Clean Hydrogen Hub (MCHH) project. The project is still pending regulatory approvals, financin

Harbour Energy: 1 director

A director at Harbour Energy bought 86,050 shares at 286p and the significance rating of the trade was 53/100. 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 clearly sho...

INVEST SECURITIES - UNIBAIL-RODAMCO : Un trimestre sans surprise mais ...

TPI India Ltd: 1 director

A director at TPI India Ltd sold 7,951,112 shares at 18.000INR 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 clearl...

ABGSC Shipping Daily 25 April

Mixed tanker and dry bulk market, LPG down. Shipping peer group trades at P/NAV 0.83x. DNORD: Trading reset implies upside.

Slightly lower losses and CEO resigns

Deutsche Telekom : Premiers (petits) pas de T-Mobile dans la fibre

>Résultats T1 2024 : T-Mobile maintient sa surperformance - T-Mobile continue de surperformer avec l’ajout de 532 000 contrats mobile (vs AT&T 349 000 et Verizon -68,000), 4% de croissance de CA de service au T1 2024 (vs concurrents 3.3%), 8% de croissance EBITDA et 39% de croissance FCF. T-Mobile relève de 2-4% ses objectifs d’abonnés pour 2024, d’EBITDA et de FCF de ~100 M€ soit ~0.3%.T-Mobile, détenu à 51% par Deutsche Telekom et qui représente plus de 95% de ...

FlatexDEGIRO : Q1 results above expectations driven by higher-than-exp...

>Revenue +8.1% above consensus driven by commission and interest income - Q1 results overall came in above our and the consensus estimates. Revenue in Q1 increased by +35.6% y-o-y to € 123.0m which is +8.9% above ODDO BHF and +8.1% above consensus estimates of € 112.9m and € 113.8m respectively. Q1 Revenue included € 74.8m of commission income (+10.0% y-o-y), € 43.8m of interest income (+64.7% y-o-y) and € 4.3m of other income (+13.2% y-o-y). Commission income is +10....

Dassault Systemes : The de-rating seems excessive and H2 is promising

>Medidata took a toll on Q1 results - DSY had warned of a soft start to 2024, with Q1 guidance reflecting growth of 7-9% in software revenues. This was not out of excessive caution: software growth in Q1 came to +7% at cc, at the bottom end of the guidance range and 1pt below expectations because of the weakness of recurring revenues (+7% at cc vs guidance of 9-10% at cc), mainly since: i/ Medidata was down 3%, at the bottom end of management’s initial guidance range ...

Quest for Growth Q1 FY24: Starting The Year With A €1.4m Net Loss

During 1Q24, Quest for Growth booked a net loss of –€1.4m while return on equity for the period was -1.0%. NAVps remained stable at €7.4ps (vs. €7.46ps during FY23-end). Within quoted assets, ABO Wind returned +42.0%, Tubize returned +25% and EVS Broadcasting returned +15% during 1Q24. Tubize and EVS are the largest positions in the portfolio as of 1Q24-end. On the other hand, LEM Holdings fell -18%, Melexis fell -18% and Equasens fell -16%; QfG added to their Equasens position during 1Q24. Har...

Morning Bulletin - 26 April 2024

A downbeat trading session on BSE on Thursday as the buying interest weakened and the inventors switched to wait and see mode. The major indexes booked some losses in a range between -0.21% and -0.12% with very poor activity on both sides, which was benchmark based. The names that led the downside in this session were Agria Group (AGH, BGN 18.95, -3.32%), Chimimport (CHIM, BGN 0.68, -2.16%) and First Investment Bank (FIB, BGN 2.84, -2.07%), while Bulgarian Stock Exchange (BSE, BGN 15.50, +2.65%)...

Q1 first take: looks worse than it actually is