Investment im Fokus - tick Trading Software AG - 03.05.2024

Mit der Gründung der tick Trading Software AG (tick TS) im Jahre 2002 setzten sich Oliver Wagner, Matthias Hocke und weitere Unternehmer aus der Finanzindustrie die Entwicklung einer der professionellsten und fortschrittlichsten Handelsplattformen zum Ziel. Mit der TradeBase Multi Exchange Plattform (TBMX) stellt die tick TS AG diese nun seit mehr als 20 Jahren erfolgreich ihren Kunden zur Verfügung. Seit einigen Jahren komplettieren neben der TBMX-Plattform direkte Anbindungen an nationale und ...

JCDecaux : Solid advertising momentum, upgrade to our estimates. Outpe...

>Outperform rating confirmed - JCDecaux’s Q1 sales, reported yesterday evening, beat our expectations, with organic growth of 11% vs our forecast of 9.5% and the group’s guidance of 9%. The start of the year is thus solid and very robust, although the situation in China remains lacklustre. The group did not hold a conference call but its organic growth guidance is 12% for Q2, while we forecast 9.5% and the consensus around 9%. Note the fairly tough comps in Q2, with +...

Moderna : A better than expected Q1 2024 publication

>Q1 2024 earnings beat forecasts, 2024 guidance confirmed - Moderna reported yesterday during trading Q1 2024 earnings above forecasts. In brief, Q1 sales stood at $ 167m, +60% above forecasts. On the operating front, we note strong cost control justifying a net loss that was better than expected (-$ 1.2bn, 12% above forecasts). Lastly, the company’s cash position remains just as robust with $ 12.2bn at the end of March, vs $ 13.3bn at the end of last year.The ke...

Capital One Financial Corp: 1 director

A director at Capital One Financial Corp sold 8,656 shares at 144.036USD and the significance rating of the trade was 82/100. 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 ye...

Brunel : One day…one day….but probably not today

>13% organic revenue growth, fewer working days but perm recovering - Brunel reported 13% organic revenue growth in Q1, with EBIT down 9% at €14.3m, compared with our forecast of €13.7m. Organic EBIT growth was 14% but two fewer working days in Germany and one less working day in the Netherlands impacted EBIT growth by 24%, some €2m. Revenue growth was driven by growth in renewable energy (11% of group), conventional energy (40%), mining (10%) and life science (6%). P...

Weak Q1 slightly below cons

Unchanged guidance - loan losses better

PTP +2% vs. cons +7% vs ABG & cons, on lower loan losses. Unchanged guidance at DKK 20-22bn as well as share buybacks. Est.rev for 2024: limited as cons is in line; stock sideways

Strong Q3 numbers

Q1: EBIT 6% above cons on better margins

Q1: EBIT 6% above cons. We see a strong '24 margin outlook, and the DK turnaround continues positively. Expect limited changes to cons '24e EBIT, but we find the report case-supportive

UMG : A solid Q1 on margins but our forecasts for 2024 are unchanged -...

>A good Q1 in terms of the EBITDA margin, buoyed by the mix - Yesterday evening, UMG published Q1 results that came in a shade above our expectations with adjusted EBITDA of € 591m vs our forecast of € 573m, i.e. a 150bp improvement in the margin, buoyed by a favourable mix and robust growth in publishing. Growth at constant forex in the paid streaming activity (+12.3%) came in slightly below our forecast of 13.5% confirming a relatively dynamic quarter that remains u...

Hugo Boss: Weak China and month of April spoilt the mood

In our view, the sharp negative market reaction was triggered by subdued trends in China and April trends which were slightly below the Q1 top-line performance (+6% FX-n), on top of another tough comparison base (Q2 2023: +20% FX-n). Whilst FY24 outlook was reiterated, management's relatively cauti

Egetis reports Q1, on track with US trial

Egetis reported Q1 2024 results with an operating loss of SEK (68.6m) and a cash position of SEK 251.7m. In the pipeline, the most important update has been to the status of the critical US phase 3 trial, where the company reported that 13/16 patients have been recruited, whereof 6 patients have co

Chocoladefabriken Lindt & Sprungli AG: 2 directors

A director at Chocoladefabriken Lindt & Sprungli AG sold 1,650 shares at 10,495.321CHF and the significance rating of the trade was 100/100. 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 ...

Conmed Corp: 1 director

A director at Conmed Corp bought 3,000 shares at 68.300USD and the significance rating of the trade was 59/100. 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 sh...

Minor miss

ABGSC Shipping Daily 3 May

Mixed tanker and dry bulk market, LPG up. Shipping peer group trades at P/NAV 0.87x. Maersk review: Continued strong demand will make a difference.

Consumers have used up their excess savings. What happens next?

At the post-FOMC press conference, what is not said is sometimes more significant than what is said. Jerome Powell has repeatedly been asked about the possibility of resuming rate hikes in order to curb inflation. Each time, he has refrained from considering this option. The US economy is growing at a solid, albeit not accelerating, pace. There are an increasing number of signs that employment conditions are moderating. To date, the Fed considers its monetary policy to be restric...