Report
Arnaud Riverain

OPAS / Obj: Sous-revue vs 37,4€ / Neutre vs Achat Spéculatif

Projet d'OPAS à 30 € par action 
  • Prime de 26,4% par rapport à la moyenne des 12 derniers mois précédant l’offre
  • Période de l’offre : du 26 septembre au 18 octobre
  • 23 octobre : mise en œuvre du retrait obligatoire si plus de 90% du capital apporté
  • 63,54% du capital, représentant 60,11% des droits de vote, apportés à l’initiateur CEDYS & CO
  • Valeur retenue par l’expert indépendant : 25,3 € par DCF / entre 28,3 € et 29,3 € par comparables
Underlying
Evolis SA

Evolis its main business line is designing, manufacturing and marketing printers for plastic cards and the sale of the related consumables. Evolis systems include all options needed for the graphic and electric personalization (magnetic stripe, chip card, with contact or contactless - Rfid technology) of all types of cards (national identity cards, bank cards, employee badges, student cards, etc.). evolis also markets a broad range of products et services to identify persons and goods, card personalization software through subsidiary cardpresso, a complete line of card accessories through subsidiary Sogedex Accessories, as well as signature pads and a wide array of services.

Provider
GreenSome Finance
GreenSome Finance

​The independent financial analysis dedicated to Small & Mid Caps. Established in 2011, GreenSome Finance specializes in independent financial analysis and financial advice to SMEs, listed and unlisted. Our role is to support managers in their strategy of value creation.

Our jobs:

  • Equity analysis and institutional marketing
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Our strengths:

  • A historic and recognized skills on the Small Cap market
  • An entrepreneurial culture that combines a customized offer, proximity and reactivity
  • A structure certified Listing Sponsor and Analysts members of the SFAF (French Society of Financial Analysts)

 

 

Analysts
Arnaud Riverain

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