reports
- Olfa Taamallah
- Yan Derocles
Thales : A cycle of revisions instigated before the catalyst effect of...
We are upgrading our recommendation to Outperform with a new target price of € 195. The stock is set to benefit from momentum on the upward revision to EPS forecasts that we anticipate, the catalyst of the CMD (14 November) which could shine a light on the magnitude of the undervaluation of the cyber activity (blue sky scenario +€ 47 per share) and the capital allocation strategy that we hope will be more favourable to shareholders from the start of 2025. All this at an attractiv...
- Olfa Taamallah
- Yan Derocles
Thales : Un cycle de révision s’enclenche avant le catalyseur du CMD
Nous relevons notre opinion en Surperformance avec un nouvel OC de 195 €. Le titre bénéficiera du momentum de révision haussière des BPA que nous anticipons, du catalyseur du CMD (14/11) qui pourrait mettre en lumière l’ampleur de la sous-valorisation de la cyber (blue sky scenario +47 €/titre) et d’une stratégie d’allocation du capital que nous espérons plus favorable à l’actionnaire dès le début 2025. Le tout sur une valorisation attrayante avec une décote de c7% par rapport au...
- Emira Sagaama
- Thijs Berkelder
- Emira Sagaama
- Thijs Berkelder
- ING Helpdesk
- Cor Kluis
Van Lanschot Kempen : CMD implicit profit target higher, capital retur...
>Conclusion: CMD profit target higher, capital return more/faster than expected - The VLK cash net profit target after coupons of implicitly > € 143m is mid-single digit higher than our estimates. The capital return policy is somewhat higher than we expected. And the return of excess capital will go faster than expected. We expect share to outperform today. We have an Outperform recommendation on the stock.More ambitious updated financial targets - Th...
Rheinmetall AG: 2 directors
A director at Rheinmetall AG bought 70 shares at 475.500EUR and the significance rating of the trade was 53/100. 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 s...
EUROAPI and Priothera enter into CDMO collaboration to advance oncolog...
EUROAPI and Priothera enter into CDMO collaboration to advance oncology project Press Release EUROAPI and Priothera, a biotechnology company specializing in the treatment of hematological malignancies and the improvement of CAR-T cell therapies, have signed a 5-year CDMO agreementEUROAPI will develop and industrialize the manufacturing process of innovative complex molecule for blood cancers Paris – June 18, 2024 – EUROAPI announces today the implementation of a 5-year development and manufacturing agreement with Priothera, a biotechnology company specializing in molecules f...
ProSiebenSat Media SE: 1 director
A director at ProSiebenSat Media SE bought 45,800 shares at 6.829EUR and the significance rating of the trade was 81/100. 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 ...
- Jason Kalamboussis
Van Lanschot Kempen/Accelerating M&A, increased efficiency/BUY
Van Lanschot Kempen is hosting a CMD on 20 June. We expect it to focus on three angles: (1) growth strategy; with separate reporting for the first time in Belgium and a higher of pace M&A, we expect more granularity on growth and fee margins; (2) costs; we expect the target to be lowered below 70% and adjust our estimates accordingly; and (3) capital; distribution of special dividends to continue at lower levels but conditional on M&A. For 2H24F, we expect a special dividend of €1.50 per share. ...
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
ODDO BHF Small & MIDCAP MORNING NEWS - 06/12/2024
The formation of alliances to Macron's left and right reduces his leeway and increases the risk of a cohabitation, a priori probably with a Prime Minister from the Rassemblement National (National Rally). Equity markets are more visibly affected by these developments. Reduce positions in French names linked to government intervention, the most heavily indebted sectors. We are adjusting our vision of sector risks flagged on Monday morning. The sectors most at risk are: banks, construct...
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
ODDO BHF Small & MIDCAP MORNING NEWS - 12/06/2024
La constitution d’alliances à gauche et à droite de Macron réduit sa marge de manœuvre politique et augmente le risque d’une cohabitation, a priori plutôt avec un Premier Ministre issu du Rassemblement National. Les marchés actions accusent davantage le coup. Alléger ses positions sur les noms français liés à l’intervention étatique, les secteurs les plus endettés. Nous ajustons notre vision des risques sectoriels de lundi matin. Les secteurs les plus à risque sont : Banques, Construc...
- Olfa Taamallah
- Yan Derocles
Montana Aerospace : Divestment of the e-mobility business - Good step ...
>E-mobility business divested to Mengtai Group - Montana Aerospace has just announced the divestment of its e-mobility business, Alu Menziken Group (a manufacturer of lightweight components from aluminium, including solutions for e-battery systems, structural components, and crash management systems), to Mengtai Germany, a wholly-owned subsidiary of Mengtai Group (a Chinese privately-owned company with a main focus on energy generation and distribution, agriculture, a...
- Olfa Taamallah
- Yan Derocles
Montana Aerospace : Divestment of the e-mobility business - Good step ...
>E-mobility business divested to Mengtai Group - Montana Aerospace has just announced the divestment of its e-mobility business, Alu Menziken Group (a manufacturer of lightweight components from aluminium, including solutions for e-battery systems, structural components, and crash management systems), to Mengtai Germany, a wholly-owned subsidiary of Mengtai Group (a Chinese privately-owned company with a main focus on energy generation and distribution, agriculture, a...
- Arnaud Autier
- Pierre Tegner
- Arnaud Autier
- Pierre Tegner
- Olfa Taamallah
- Yan Derocles
Airbus Group : History shows that the FY 2024 target is still within r...
>A thin month in May (53 aircraft delivered, down -15.9% vs May 2023) - Airbus delivered just 53 aircraft in May (-15.9% vs May 2023) with 6 A220s, 41 in the A320 family, 2 A330s and 4 A350s. This is the smallest volume in the last three months since 61 aircraft were delivered in April and 63 in March. The most surprising thing is certainly the fall-off in the volume of A321s, since May brought to an end a gradual rise in production rates that had seen deliveries incr...
- Olfa Taamallah
- Yan Derocles
Airbus Group : L’historique démontre que l’objectif FY 24 est encore a...
>Un maigre mois de mai (53 livraisons -15.9% vs mai 2023) - Airbus a livré seulement 53 appareils sur le mois de mai (-15.9% vs mai 2023) dont 6 A220, 41 famille A320, 2 A330 et 4 A350. Ce volume est le plus faible de ces 3 derniers mois puisque 61 avions avaient été livrés en avril et 63 en mars. Le plus surprenant est certainement le décrochage du volume des A321 puisque le mois de mai met fin à une montée progressive de la cadence qui avait vu passer les livraisons...
- Jeremy Garnier
ODDO : ODDO BHF Nextcap Forum: Feedback from day three
>Feedback from 52 companies present on day three - Our 13th edition of the ODDO BHF Nextcap Forum takes place on June 4 and 5 in Paris, and on June 6 virtually. Following the third day, which took place yesterday virtually at our Paris office with 52 companies in attendance, we publish hereafter feedback for those companies present:Aedas HomesLhyfeAfyrenMaisons Du MondeAltamirMcPhy EnergyAltriMister SpexAtresmediaNein...
A1XEH4 CROSSJECT SA
TNG TRANSGENE SA
FGA FIGEAC AERO SA
BLC BASTIDE LE CONFORT MEDICAL SA
KCO KLOECKNER & CO SE
ALTR ALTRI SGPS SA
SWP SWORD GROUP SE
SRP SRP GROUPE SA
AUB AUBAY SA
NTG NETGEM SA
VLS VALNEVA SE
LNA LNA SANTE SA
KOF KAUFMAN & BROAD SA
FNAC FNAC DARTY SA
BVB BORUSSIA DORTMUND GMBH & CO. KGAA
BAMNB KONINKLIJKE BAM GROEP NV
IDIP INSTITUT DE DEVELOPPEMENT INDUSTRIEL SCA
GREEN GREENYARD NV
MCPHY MCPHY ENERGY SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
ENC ENCE ENERGIA Y CELULOSA SA
LTA ALTAMIR ACT PORTEUR
INSD VERIMATRIX SA
SIFG SIF HOLDING NV
LRE LAR ESPANA REAL ESTATE SOCIMI SA
VLTSA VOLTALIA
HBH HORNBACH HOLDING AG & CO. KGAA
FFARM FORFARMERS
TRE TECNICAS REUNIDAS SA
PSG PROSEGUR COMPANIA DE SEGURIDAD SA
HOME NEINOR HOMES SA
MDM MAISONS DU MONDE SA
SMCP SMCP SA
AVTX AVANTIUM NV
RBO ROCHE BOBOIS INTERNATIONAL SAS
ALKAL KALRAY SA
AEDAS AEDAS HOMES SA
WAVE WAVESTONE SA
GRE GRENERGY RENOVABLES
THEP THERMADOR HOLDING SA
ALCUR ARCURE SA
TOM2 TOMTOM NV
CLA CLARANOVA SE
S30 SOLUTIONS 30 SE
ZEL PHARMA MAR SA
SOL SOLTEC POWER HOLDINGS
BLV BELIEVE SA
MRX MISTER SPEX SE
ALAFY AFYREN
FORSE FORSEE POWER SA
HDF HYDROGENE DE FRANCE
ALVGO VOGO SA
WAGA WAGA ENERGY SA
ALHAF HAFFNER ENERGY SA
EAPI EUROAPI
GVOLT GREENVOLT - ENERGIAS RENOVAVEIS S.A.
LHYFE LHYFE S.A.
- Jeremy Garnier
ODDO : ODDO BHF Nextcap Forum : Feedbacks 3ème journée
>Feedback de 52 sociétés présentes le 3ème jour - Notre 13ème édition du ODDO BHF Nextcap Forum a lieu les 4 et 5 juin en physique à Paris et le 6 juin en virtuel. Suite à la troisième journée qui a eu lieu hier en virtuel avec 53 de sociétés présentes, nous publions ci-après un feedback pour chacune des sociétés couvertes :Aedas HomesLhyfeAfyrenMaisons Du MondeAltamirMcphy EnergyAltriMister SpexAtresmediaNeinor Homes§...
TNG TRANSGENE SA
INF INFOTEL SA
FGA FIGEAC AERO SA
BLC BASTIDE LE CONFORT MEDICAL SA
KCO KLOECKNER & CO SE
ALTR ALTRI SGPS SA
SWP SWORD GROUP SE
SRP SRP GROUPE SA
AUB AUBAY SA
NTG NETGEM SA
VLS VALNEVA SE
LNA LNA SANTE SA
KOF KAUFMAN & BROAD SA
FNAC FNAC DARTY SA
BVB BORUSSIA DORTMUND GMBH & CO. KGAA
BAMNB KONINKLIJKE BAM GROEP NV
IDIP INSTITUT DE DEVELOPPEMENT INDUSTRIEL SCA
GREEN GREENYARD NV
MCPHY MCPHY ENERGY SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
ENC ENCE ENERGIA Y CELULOSA SA
LTA ALTAMIR ACT PORTEUR
INSD VERIMATRIX SA
SIFG SIF HOLDING NV
LRE LAR ESPANA REAL ESTATE SOCIMI SA
VLTSA VOLTALIA
HBH HORNBACH HOLDING AG & CO. KGAA
FFARM FORFARMERS
TRE TECNICAS REUNIDAS SA
PSG PROSEGUR COMPANIA DE SEGURIDAD SA
HOME NEINOR HOMES SA
MDM MAISONS DU MONDE SA
SMCP SMCP SA
AVTX AVANTIUM NV
RBO ROCHE BOBOIS INTERNATIONAL SAS
ALKAL KALRAY SA
AEDAS AEDAS HOMES SA
WAVE WAVESTONE SA
GRE GRENERGY RENOVABLES
THEP THERMADOR HOLDING SA
ALCUR ARCURE SA
TOM2 TOMTOM NV
CLA CLARANOVA SE
S30 SOLUTIONS 30 SE
ZEL PHARMA MAR SA
SOL SOLTEC POWER HOLDINGS
BLV BELIEVE SA
MRX MISTER SPEX SE
ALAFY AFYREN
FORSE FORSEE POWER SA
ALVGO VOGO SA
WAGA WAGA ENERGY SA
ALHAF HAFFNER ENERGY SA
EAPI EUROAPI
GVOLT GREENVOLT - ENERGIAS RENOVAVEIS S.A.
LHYFE LHYFE S.A.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.