Report
Flow Traders : Fundamentals deteriorating further; Neutral reiterated
>Market (briefly) happy with Q4 2023 results, likely fearing cuts to dividend policy - Last Thursday (8 February) the shares popped c.7% intraday on fairly uneventful Q4 2023 results. The share price reaction came as a surprise to us, and many others. We believe the market was (temporarily) happy with FLOW reiterating its dividend policy of a 50% payout ratio of IFRS net profits. This came as a relief, as the street was fearing changes to the capital allocation policy...
Underlying
FLOW TRADERS LTD
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Julian Dobrovolschi
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