Report
Laurent Wilk

La croissance verte est en marche - ACHAT - OC 17,5€ (vs 18,2€)

La visite de site organisée le mois dernier à la Réunion a été l’occasion de faire un point sur la stratégie ainsi que sur l’ambitieux plan d’investissement du groupe. La mutation vers une production d’énergie de plus en plus propre est engagée et portée par la toute nouvelle loi sur la Transition Energétique et la Croissance Verte. Celle-ci offre en effet, de nombreuses opportunités pour le groupe dans les DOM où il est particulièrement bien placé. Nous restons à l’ACHAT avec un objectif de 17,5€ (vs 18,2€). Même si une incertitude demeure à CT et que nous n’attendons, hors acquisition, aucun newsflow particulier sur le S1 2016, la valorisation actuelle nous semble un point d’entrée.
Underlying
Albioma

Albioma is an independent energy producer that develops projects in the thermal biomass, solar power, and anaerobic digestion sectors. Co. provides industrial partners with expertise in energy production via hybrid combustion of biomass. In addition, Co. produces biogas by biological decomposition of organic matter in a confined oxygen-free medium, which it either converts into electricity and heat or purifies and then injects into the gas transmission network. It operates facilities on Reunion Island, Mayotte, Guadeloupe, Martinique, and French Guyana, mainland France and Southern Europe. Co. divides its operation into three segments: Thermal Biomass, Solar Power, and Anaerobic Digestion.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

Analysts
Laurent Wilk

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