Oddo BHF - Rallye S.A. (RAL) Rallye : The group seems to be in a position to ensure its 2018-2020 maturities, but only has limited debt reduction capacity

Report

Oddo BHF

Rallye : The group seems to be in a position to ensure its 2018-2020 maturities, but only has limited debt reduction capacity

>Casinoâ€™s â‚¬Â 1.5bn disposal plan will not simplify Rallyeâ€™s financial equation - Following the announcement of a Casinoâ€™s â‚¬Â 1.5bn disposal plan over 2018-2019, we reviewed the financial situation of its parent company Rallye (51.1% of Casinoâ€™s capital and 63.6% of the voting rights).Casinoâ€™s asset divestment plan (see our Equity Flash of 12 June) will target wholly-owned non-strategic assets held in France (probably include many property assets), bearing in mind t...

15/06/2018 6 EN

Underlying

Rallye S.A.

Rallye is a holding company, operating within the specialized food distribution industry through its majority holdings in Casino and Groupe GO Sport. Co.'s main asset, Casino, represents 99% of its consolidated sales; and Groupe GO Sport specializes in retail sporting goods through its GO Sport and Courir brands. Co. also manages investment portfolios with financial assets (LBOs, real estate funds, energy, development capital), and real estate assets (shopping malls and residential developments). Co.'s activities are divided into three segments: food and general retailing (through Casino); sporting goods retailing (through Groupe Go Sport); and financial holdings and investments.

See profile

FR0000060618 Euronext Paris France

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.

See profile

Other Reports on these Companies

SmartInsider

Rallye: 1 director

A director at Rallye sold 63,991 shares at 0.345EUR and the significance rating of the trade was 52/100. 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 showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Free Trial

August 3, 2023 August 3, 2023 1 EN

BusinessWire

Rallye : Information mensuelle relative au nombre total de droits de vote et d’actions composant le capital social

PARIS--(BUSINESS WIRE)-- Regulatory News: Rallye (Paris:RAL): Place de cotation : Euronext Paris Compartiment : Eurolist B Code : ISIN : FR0000060618 Date Nombre total d’actions composant le capital social Nombre total de droits de vote 31 décembre 2022 52 925 203 Total brut de droits de vote : 85 211 680 Total net* de droits de vote : 85 211 680 *Total net : nombre total de droits de vote attachés au nombre total d’actions – actions privées de droits de vote Présence dans les statuts de Rallye d’une clause imposant une obligation de déclaration de franchissemen...

January 9, 2023 January 9, 2023 1 FR

BusinessWire

RALLYE : Information mensuelle relative au nombre total de droits de vote et d’actions composant le capital social

PARIS--(BUSINESS WIRE)-- Regulatory News: RALLYE (Paris:RAL) : Place de cotation : Euronext Paris Compartiment : Eurolist B Code : ISIN : FR0000060618 Date Nombre total d’actions composant le capital social Nombre total de droits de vote 30 novembre 2022 52 925 203 Total brut de droits de vote : 85 211 816 Total net* de droits de vote : 85 211 816 *Total net : nombre total de droits de vote attachés au nombre total d’actions – actions privées de droits de vote Présence dans les statuts de Rallye d’une clause imposant une obligation de déclaration de franchisseme...

December 2, 2022 December 2, 2022 1 FR

Ströer SE & Co. KGaA : A new story of refocusing? Outperform vs Neutral

We are undertaking a thorough review of our analysis and model for Ströer and adopt an Outperform rating (vs Neutral). Our view has two aspects: 1/ short and medium-term momentum should be very robust for the core business (outdoor in Germany, -42% of revenues) with CAGR of 7% driven by the digital and programmatic divisions, and the gradual upturn on the German market; 2/ however, above all, we think that the group will begin a gradual ‘dismantling’ strategy and divestments (tot...

11h / 42m 11h / 42m 1 EN

Jerôme Bodin

Jerôme Bodin

Ströer SE & Co. KGaA : Une nouvelle histoire de recentrage ? Surperformance vs Neutre

Nous procédons à une revue complète de notre analyse et modèle sur Ströer et adoptons une opinion Surperformance (vs Neutre). Notre vue est double : 1/ le momentum court et moyen terme va être très solide sur le cœur de métier (outdoor en Allemagne - 42% du CA) avec un TMVA de 7% tiré par le digital et programmatique, et la reprise progressive du marché allemand ; 2/ mais surtout nous estimons que le groupe va entamer une stratégie progressive de « démantèlement » et de cessions ...

12h / 12m 12h / 12m 1 FR

Ahmed Ben Salem ... (+2)

Ahmed Ben Salem
Thomas Zlowodzki

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/16/2024

We have tactically downgraded the energy sector from Overweight to Neutral (excl. oil services on which we are maintaining our Overweight rating) and dropped Shell Plc from our Large Caps list. The IEA report has accelerated the downswing for the energy sector, which could continue in the days ahead. June will be a better month to come back to the sector. - ...

17h / 42m 17h / 42m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN