reports
- Thijs Berkelder
Elia Group : TenneT exploring IPO of its Germany TSO
>TenneT looking for new equity funding - TenneT, TSO in Netherlands and Germany, and 100% owned by the Dutch government, yesterday issued a press release indicating:Equity requirement: "TenneT's recently announced 10-year investment plan in both countries for the period 2024-2033 adds up to EUR 160 billion, which is expected to be funded primarily through debt but also requires equity."No agreement yet on potential sale TenneT Germany to German government. "...
- Martial Descoutures
- Oussema Denguir
Carmat : Strengthening of the cash position
>€ 16m of funds raised - Yesterday after market close, Carmat announced the launch of a € 15m fund raising operation. Achieved via an ABB, the operation exceeded initial expectations achieving a gross amount of€ 16m (€ 14.2m underwritten by specialist investors and € 1.8m invested by private individuals). The issue price for new shares was set at € 3, i.e. a discount of 26.5% vs the closing price on 15 May. Some 5.3 million new shares will therefore be issued. §...
- Jean-François Granjon
Nexans : Feedback from Sustainability Forum: responding to strategic c...
>Focus on innovation and R&D - The group addresses markets with strong growth momentum. The G&T market is driven by the development of renewable energies and the need to operate interconnections to offset the intermittent nature of renewable energies. The D&U sector is also extremely buoyant, with the need to renew sometimes obsolete networks (over 50 years old, while the lifespan of a cable is estimated at 30 years) and the development of new cables driven by stricte...
- Johanna Jourdain
Elior : Visible progress
>Reassuring H1 2024 results on the improvement in profitability, buoyed by the ramp-up of synergies and work on costs - Yesterday before trading, Elior published reassuring H1 2024 operational results, notably in terms of profitability. As such, at 3.2% the H1 EBIT margin suggests an improvement of 150bp, a shade above our forecast (3.0%) and the consensus (2.8%). The group continues to deploy cost synergies between its catering and multi-service activities since the...
- Jin Yoon
IQ 1Q24 Results: Driving Efficiency Remains a Key Focus in FY24
What’s new: iQIYI's reported 1Q24 margins that were above consensus and our expectations. High quality growth remains a key focus where profitability could continue to outgrow revenues as content pipeline remains sufficient in 2024. We lower our PT from USD 10 to USD 8 due to lowered FY24 outlook. Our revised PT of USD 8 implies 2.0x FY24E EV/Revs. We maintain our BUY rating. Analysts: Jin Yoon
- Jin Yoon
BIDU 1Q24 Results: Baidu Core Ads Could Remain Challenging in the Near...
What’s new: Baidu’s reported 1Q24 top-line results that were largely in-line with consensus and our expectations. Baidu Core ads could remain challenging in the near-term, while AI Cloud rev growth could accelerate in 2Q and 3Q partly driven by generative-AI related revs. We lower our PT from USD200 to USD170 (16.0x FY24E P/E) partly due to limited visibility in ad recovery. We maintain our BUY rating. Analysts: Jin Yoon
Danske Bank A/S, transactions by persons discharging managerial respon...
Danske Bank A/S, transactions by persons discharging managerial responsibilities 17 May 2024 Notification no. 52/2024 Transactions made by persons obliged to report transactions to the Danish FSA and Nasdaq Copenhagen, cf. the EU Market Abuse Regulation. In connection with the share buy-back program in Danske Bank A/S, APMH Invest A/S continuously sells shares pro rata. For further details, please find the attached templates for notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them...
- Jin Yoon
JD 1Q24 Results: Potential Upside in Margins for FY24
What’s new: JD’s reported 1Q24 results that topped consensus and our expectations. Improving user experience and market share gains remain key priorities for JD in ‘24. Profitability could also remain stable or potentially see upside in ’24 partly driven by continued efficiency gains and scale advantage. We maintain our PT at USD70. Analysts: Jin Yoon
E-Globe S.p.A: 1 director
A director at E-Globe S.p.A bought 16,000 shares at 1.391EUR and the significance rating of the trade was 52/100. 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 ...
Partners Group Holding AG: 1 director
A director at Partners Group Holding AG sold after exercising options/sold 6,583 shares at 0.000CHF and the significance rating of the trade was 100/100. 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 di...
Pampa Energia SA: 1 director
A director at Pampa Energia SA sold 289,925 shares at 1.961USD 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 years clearl...
iA Financial Corp: 2 directors
Two Directors at iA Financial Corp bought/sold after exercising options/sold 9,500 shares at between 90.170CAD and 90.600CAD. 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...
Wheaton Precious Metals Corp: 3 directors
Three Directors at Wheaton Precious Metals Corp sold/sold after exercising options 20,800 shares at between 76.500CAD and 76.636CAD. 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 tr...
EQS-News: Wolftank Group with record financial results and strategic g...
EQS-News: Wolftank-Adisa Holding AG / Key word(s): Annual Results/ESG Wolftank Group with record financial results and strategic growth in 2023 17.05.2024 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. Wolftank Group with record financial results and strategic growth in 2023 Sales increased by approx. 40% to EUR 87m, up from EUR 62.7m in 2022 EBITDA grew by 136% to EUR 8.5m or 10% of sales (EBITDA margin 2022: 5.5%) EBIT turned significantly positive to EUR 4m, moving up from EUR 0.07m in 2022 Record order backlog of EUR 158m...
EQS-News: Wolftank Group mit Rekordergebnissen und strategischem Wachs...
EQS-News: Wolftank-Adisa Holding AG / Schlagwort(e): Jahresergebnis/ESG Wolftank Group mit Rekordergebnissen und strategischem Wachstum 2023 17.05.2024 / 10:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Wolftank Group mit Rekordergebnissen und strategischem Wachstum 2023 Umsatz steigt um rund 40% auf EUR 87 Mio. gegenüber EUR 62,7 Mio. im Jahr 2022 EBITDA wächst um 136% auf EUR 8,5 Mio. oder 10% des Umsatzes (EBITDA-Marge 2022: 5,5%) EBIT dreht mit EUR 4 Mio. deutlich ins Positive, von EUR 0,07 Mio. im Jahr 2022 Rekord-Auft...
Funding Circle Plc: DSH-Director/PDMR Shareholding*
Funding Circle Plc (FCH) Funding Circle Plc: DSH-Director/PDMR Shareholding* 17-May-2024 / 09:06 GMT/BST 17 May 2024 LEI: 2138003EK6UAINBBUS19 Funding Circle Holdings plc (“the Company”) Notification of Transactions by Persons Discharging Managerial Responsibility Restricted Share Awards The following restricted share awards were granted to PDMRs of the Company on 16 May 2024 under the Funding Circle Holdings plc 2018 Long Term Incentive Plan in accordance with the Company’s 2024 Remuneration Policy: PDMR Number of shares subject to award ...
- Tanvi Arora
Maxeda - Earnings Flash - Q4 And FY 2023-24 Results - Lucror Analytic...
Maxeda reported its Q4 and FY 2023-24 results yesterday. The company's y-o-y performance was weak as expected, owing to unfavourable weather conditions and poor consumer sentiment. This led to an increase in net leverage to c. 5x. Maxeda is guiding for y-o-y earnings improvement during FY 2024-25, and aims to deleverage from the current levels before pursuing any refinancing options next year. In this context, we foresee better EBITDA this year, albeit net leverage will remain above c. 4x d...
Mohawk Industries Inc: 1 director
A director at Mohawk Industries Inc sold 2,267 shares at 125.333USD and the significance rating of the trade was 51/100. 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 c...
- Ana Arjona-Martinez
- Antonio Rodriguez Vicens
FCC : Spin-off of Real estate and Cement divisions
>New shares to be listed before end-2024 - FCC has announced that it will spin-off its Real estate and Cement businesses and give the shares back to its shareholders, all subject to the shares in the new vehicle being listed in Spain. The rationale for such a deal is boosting the company’s strategic focus while providing more visibility and financial flexibility to shareholders who will have the new shares in the new vehicle while maintaining the shares in FCC, compri...
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