Report
Anne-Barbara Nicco

Picard : (Technical issue with yesterday’s publication). One yield can hide another

Following the Q3 2023-24 earnings release, we are updating our analysis and recommendations on Picard bonds, taking into account the more favourable 2024 outlook for profitability and cash generation, the potential change of control, our assessment of dividend payout risk and, above all, the various probabilities of full or partial refinancing at shorter or longer time horizons, all of which offer different yield opportunities. - >Q3 under control with good cash generation...
Provider
Oddo BHF
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.

Analysts
Anne-Barbara Nicco

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