We saw a good set of 1H25 results as a 13% y/y increase in turnover translates into an increase in underlying operating profit from EUR 8.4m (excluding Savoury business) to €12.7m although raw material costs remain historically high, mainly for animal proteins and ingredients. Energy and transport costs have also risen further. We maintain our positive stance (Accumulate, € 135 Target Price) as What's Cooking? expects to continue the good results of 1H25 in 2H25. They expect FY25 REBITDA to be b...
A director at EXMAR NV bought 35,243 shares at 11.500EUR and the significance rating of the trade was 61/100. 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 show...
As What's Cooking? sold in January'25 the Savoury business unit, it is reported as discontinued in its FY24 figures. Recall that this transaction resulted in a net Equity Value for What's Cooking? of approximately €100m after costs incurred. They will pay a total gross dividend of €10 per share consisting of a € 5.5 ‘special' dividend payable in June 2025 and a ‘normal' dividend payable early July 2025 of €4.5 per share. What's Cooking? believes the special dividend is justified given the succ...
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