AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Calendar of upcoming activities – Well testing at Welchau is now expected to start in January. The shallow gas drilling programme will start February 2026 while oil appraisal drilling is scheduled for 3Q26. Pulsar Helium (PLSR LN)C; Target price of £0.80 per share: High pressure at Jetstream #3 – Jetstream #3 has intersected two gas-bearing intervals at ~523 meters and 621 meters...
Rdos. 3T'25 vs 3T'24: EBIT: 4.579 M dólares (+0,4% vs -1,8% BS(e) y +0,3% consenso); BDI: 3.980 M dólares (-2,3% vs -1,3% BS(e) y -3,5% consenso). Rdos. 9meses'25 vs 9meses'24: EBIT: 13.385 M dólares (-6,7% vs -7,4% BS(e) y -6,7% consenso); BDI: 11.750 M dólares (-15,2% vs -14,9% BS(e) y -15,6% consenso).
HEADLINES: • Polish utilities: a flash in the pan (Enea and Tauron stay HOLD, PGE stays SELL) • Bank Millennium: posts solid 3Q25, all priced in NEUTRAL • Akbank: 3Q25 highlights – no major surprises, but NIM recovery remains slow and 2026E COR guidance appears cautious NEUTRAL • Kety: 3Q25 conference call highlights NEUTRAL • Orange Polska: key takeaways from the 3Q25 earnings call NEUTRAL • Orlen: wins USD 146m from Gazprom POSITIVE • Türkiye macro: CBT delivers 100bps cut, in line with the co...
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