Michelin : A convincing strategy that continues to pay off

>Strengths highlighted at the CMD, strategic focuses intact - At its CMD, Michelin’s management reiterated its strategy, and notably the priority given to innovation, value but also competitiveness. The new targets for 2026 beat expectations (+5% for EBIT, for instance) and reflect the earnings growth upside that is still present. Beyond this, management presented a more pragmatic approach on M&A, albeit without renouncing its aim to diversify outside tyres (composite...

Lincoln National Corp: 1 director

A director at Lincoln National Corp sold 55,127 shares at 32.570USD 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 c...

Announces financial targets ahead of CMD

Rates Spark: Inflation is the theme of the week

ECB rate cut expectations have rebounded at the start of the week on the back of more dovish ECB comments. Friday's flash CPI may not change plans for June, but determine the guidance beyond. In the US, a beat in consumer confidence helped lift rates, underscoring that prospects of one 0.2% PCE print alone are unlikely to rein in a bearish undertone

Model Portfolio Update

Recently upgraded to Buy following tangible underperformance & continued cash deployment in potentially value accretive ventures: In our recent note, we have upgraded Alarko to a Buy (from Hold) and increased our 12M TP for Alarko Holding up by 9% to TL164/s, led by: 1) the incorporation of an updated macro deck; 2) rolling our valuation metrics to FY24E from FY23E; 3) the update of valuations and estimates for unlisted subsidiaries; and 4) the incorporation of the valuation of Alarko’s agricult...

Genworth Financial Inc: 1 director

A director at Genworth Financial Inc sold/gave away 350,000 shares at 0.000USD and the significance rating of the trade was 68/100. 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 ...

De'Longhi : Des atouts identifiés pour alimenter la croissance et la p...

>Croissance organique MT « mid-single digit » soutenue par le café et la nutrition - A MT, le groupe indique s’attendre à une croissance organique mid-single digit (croissance historique de l’ordre de 6%). Cette performance s’appuie essentiellement sur le segment café domestique (>50% du CA groupe) sur lequel DLG bénéficie d’un mix-produits favorable et devrait profiter du faible taux de pénétration (~10%) ainsi que de son offre diversifiée qui répond aux exigences de...

Collegium Pharmaceutical Inc: 1 director

A director at Collegium Pharmaceutical Inc sold/sold after exercising options 108,016 shares at 33.874USD and 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 the company...

ABGSC Shipping Daily 29 May

Mixed tanker market, dry bulk and LPG down. Shipping peer group trades at P/NAV 0.95x. Golar LNG Q1'24 review: Progress, but no great leaps yet. Chemical tanker spot rates still hoovering at ATH levels.

Corero Network Security (CNS LN) - Initiation: Securing momentum

Corero provides best-of-breed DDoS protection software in the rapidly growing cyber security market. The company offers superior products with low total cost of ownership and flexible deployment options, in our view.

LDC : LDC entre sur le marché des salades traiteur avec son projet d’a...

>Négociations exclusives en vue de l’acquisition du groupe Pierre Martinet - LDC a annoncé hier soir être entré en négociations exclusives en vue d’acquérir 100% du groupe français Pierre Martinet. Le groupe familial créé en 1968 et dirigé par son fondateur Pierre Martinet est un des leaders des salades traiteur avec une offre variée. Il est le numéro 1 en France du taboulé. Avec un CA 2023 de près de 230 M€ (4% du CA LDC et 25% du CA Traiteur), Pierre Martinet compte...

Fashion: Is sustainability the new luxury?

The bankruptcy of circular fashion startup Renewcell combined with the stellar success of Chinese platforms Shein and Temu have highlighted the green consumer paradox: consumers say they want sustainable clothing, but the majority are not tending to buy them, especially at a time when cost-of-livin

Henan Lingrui Pharmaceutical: 2 directors

Two Directors at Henan Lingrui Pharmaceutical sold 186,100 shares at between 24.940CNY and 25.100CNY. The significance rating of the trade was 64/100. 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 direc...

Computer Modelling Group Ltd: 3 directors

Two Directors at Computer Modelling Group Ltd sold 63,300 shares at between 12.350CAD and 12.510CAD. The significance rating of the trade was 56/100. 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 direct...

Cars.Com: 1 director

A director at Cars.Com sold 19,835 shares at 18.560USD and the significance rating of the trade was 56/100. 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 showin...