Adj. EBITA well above cons

High Yield Bonds Daily

TF Bank, IOG, M2, EHAB, Waldorf Production, Oil

Pryme B.V.: 1 director

A director at Pryme B.V. bought 1,050,000 shares at 0.860EUR and the significance rating of the trade was 70/100. 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 ...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/16/2024

We are initiating coverage of the mining equipment segment with Metso on Outperform, Sandvik on Neutral and Epiroc on Underperform. We have adopted a cautious scenario with demand stable or slightly up in the short term (mining business sales up +3% on average between 2024 and 2026), pending positive signals indicating a rebound in greenfield investments (not before 2027, in our view). In this scenario, we think that Metso should confirm the progress achieved in 2023 (margin improveme...

Dustin Group AB: 1 director

A director at Dustin Group AB bought 5,830,000 shares at 13.188SEK 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 two years cl...

Better costs and financials

Sidetrade : Promising start to the year Solid Q1 and a transformative ...

>Excellent Q1 at all levels, ahead of our expectations on the top line and bookings - Sidetrade this morning reported (ahead of schedule) very good Q1 2024 sales, a shade ahead of our expectations. Quarterly business totalled € 11.8m (vs ODDO BHF € 11.4m), up 20% y-o-y and 15.5% organically (excl. CreditPoint Software). This performance is obviously still driven by SaaS subscriptions (82% of sales), with, essentially, another marked increase in the US (+40%), and in c...

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/04/2024

Nous initions le segment des équipementiers miniers avec Metso à Surperformance, Sandvik à Neutre et Epiroc à Sous-performance. Nous adoptons un scénario prudent avec une demande stable ou en légère hausse à court terme (CA des activités minières en hausse moyenne de 3% entre 2024 et 2026), dans l’attente de signaux positifs indiquant un rebond des investissements greenfield (pas avant 2027 selon nous). Dans ce scénario, nous estimons que Metso devrait confirmer les progrès réalisés e...

Sika : Start of the year in line

>Q1 2024 sales in line with forecasts - Q1 2024 sales came in at CHF 2.648bn (+0.2% l-f-l and +13.8% in real terms), in line with the consensus (CHF 2.636bn est.) and 3% ahead of our expectations (CHF 2.567bn). We expected a slightly lower contribution from MBCC at 17.3% vs 19.9% reported. L-f-l growth came in at 0.2% after 0.8% in Q4, +1.3% in Q3 and +0.3% in Q2. The working days effect was negative to the tune of -1.5% in Q1. In the EMEA division, Middle East/A...

Ekinops : Mixed results, little visibility, weak growth in Access, dec...

>Q1 2024 revenue down 11% to € 28.3m, missing our expectations - Ekinops published yesterday evening € 28.3m in Q1 revenue, down 11% YoY, missing our expectations (ODDO BHF € 30.3m, -5%) and in line with the trend seen in Q3 and Q4 2023 (€ 27.8m and € 30.3m respectively). The decline was due to a 27% fall in Transport, as a result of: 1/ an unfavourable base effect (+32% a year earlier), 2/ cautious capex policies and 3/ existing operator inventories and 4/ a wait-an...

Fastned : Q1 sequential growth disappoints

>Energy sold in Q1 up 52% y-o-y but slightly below Q4 - Energy sold +52% y-o-y but below Q4. Fastned in 24Q1 grew its energy volume sold by 52% y-o-y to 31.4 GWh, again stronger than the growth in the EV fleet (+43%), but was slightly down from 32.2 GWh in 23Q4 (still +80% y-o-y). On the EV market it expects: “ Prospects for sales in 2024 and beyond remain positive as EV fleet penetration is expected to more than double by 2026 and increase five-fold by 2030.”Act...

Technical Analysis/Bund future

We changed our stance from, ‘Selling the rallies' into ‘Buying on weakness' last Friday, but the weekly chart still shows that there is a job to be done. Last week closed slightly higher at 132.50, a rise of 34bp, although there was a lower high at 133.05 and low at 131.31 in relation to the week before., with prices still below the flattening EMA-40 line at 133.54. It is also not ruling out new lows below 131.31 within the bottoming process, although the downside is limited with solid horizont...

Ekinops: Reversal in divisional dynamics

Ekinops has reported an 11% decline in revenue for Q1 2024, consistent with the performance observed in H2 2023. However, the decline was primarily driven by Optical Transport, which displayed signs of market weakness after a strong FY23. The Access segment showed a more resilient performance, mark

Fastned: ready to shift up a gear

Fastned has published its Q1 2024 key metrics and adjusted FY24 guidance for the number of operating stations this morning. Q1 sales came in at EUR18.9m (+42% YoY), leaving an implied annual run-rate of at least EUR76m (vs cons. at EUR104m for FY24 and BGe EUR106m). Fastned posted a gross margin of

ODDO BHF Small & MIDCAP MORNING NEWS - 16/04/2024

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Morning Notes : ARGX BB, EURN BB, EVS BB, VGP BB, DEME BB, TKWY NA, FA...

: ARGX BB, EURN BB, EVS BB, VGP BB, DEME BB, TKWY NA, FAST NA