This week, Wihlborgs bought new assets, Citycon sought the conversion of its 2025 hybrid bond, SBB announced a new JV, dismantled an old one, and set a record date for the remaining 2023 dividends, Balder issued four bonds, while Prisma Properties is aiming for an IPO. The weighted-average implied EBITDA yields on the stocks we cover are 4.42% for 2024e and 4.82% for 2025e.
Feintool is perfectly positioned to benefit from a brisker energy transition (75% of revenues in 2027 vs 40% in 2023) in both the automotive and industrial sectors. Growth appears to be limited over 2024, but the medium-term prospects look more attractive (2024-26 CAGR: +9%), buoyed by attractive operating leverage (EBIT margin: 6% by 2026 vs 3.5% in 2023) and growing cash generation (2026 FCF yield: 4%e. vs 2.5% in 2023). Based on our valuation methods, we obtained a target price of ...
Feintool est aujourd’hui parfaitement positionné pour bénéficier de l’accélération de la transition énergétique (75% du CA 2027 vs 40% en 2023) autant sur le marché automobile que sur le secteur industriel. Si la croissance semble limitée sur 2024, la trajectoire à moyen terme est plus attractive (TMVA 2024-26 de +9%) accompagnée par un levier opérationnel intéressant (marge d’EBIT de 6% d’ici 2026 vs 3.5% en 2023) et une génération de cash en croissance (FCF yield 2026 de 4%e vs 2.5%...
>OPEC+ meeting: consensus is for a rollover of the cut but a surprise is not ruled out - OPEC+ is expected to meet this Sunday at 12.00 CET. The meeting was supposed to be held in person but has been changed to a virtual one given the state of health of the Saudi king and a rollover of the existing cuts is being discussed according to Reuters and some Saudi Arabia Newspapers. As a reminder, the existing cut of 3.66 mb/d plus the 2.2 mb/d voluntary cut representin...
>OPEC+ meeting: consensus is for a rollover of the cut but a surprise is not ruled out - OPEC+ is expected to meet this Sunday at 12.00 CET. The meeting was supposed to be held in person but has been changed to a virtual one given the state of health of the Saudi king and a rollover of the existing cuts is being discussed according to Reuters and some Saudi Arabia Newspapers. As a reminder, the existing cut of 3.66 mb/d plus the 2.2 mb/d voluntary cut representin...
A director at Svenska Cellulosa AB SCA bought 7,000 shares at 158.480SEK and the significance rating of the trade was 60/100. 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...
Recommendation from Equinor's nomination committee The nomination committee in Equinor ASA (OSE:EQNR, NYSE:EQNR) recommends that the company's corporate assembly elects Tone Hegland Bachke and Fernanda Lopes Larsen as new members to the board of directors of Equinor ASA. Furthermore, the nomination committee recommends a re-election of Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board, in addition to re-election of Jonathan Lewis, Finn Bjørn Ruyter and Haakon Bruun-Hanssen as members of the board of directors. The current members, Rebekka Glasser Herlofsen,...
Innstilling fra Equinors valgkomité Valgkomiteen i Equinor ASA (OSE:EQNR, NYSE:EQNR) anbefaler at selskapets bedriftsforsamling velger Tone Hegland Bachke og Fernanda Lopes Larsen som nye medlemmer av styret i Equinor ASA. Videre anbefaler valgkomiteen gjenvalg av Jon Erik Reinhardsen som styreleder og Anne Drinkwater som nestleder, samt gjenvalg av Jonathan Lewis, Finn Bjørn Ruyter, Haakon Bruun-Hanssen som medlemmer til styret i Equinor ASA. Nåværende styremedlemmer Rebekka Glasser Herlofsen, som har vært medlem siden 2015, og Tove Andersen, som har vært medlem siden 2020, trer ut av s...
Equinor ASA: Tilbakekjøp av egne aksjer Nedenfor følger informasjon om transaksjoner foretatt under andre transje av Equinor ASAs (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO) tilbakekjøpsprogram for 2024. Dato for når andre transje av 2024-programmet ble annonsert: 25. april 2024. Varigheten til andre transje av 2024-programmet: 16. mai til senest 22. juli 2024. Ytterligere informasjon om transjen kan finnes i børsmelding om dens oppstart datert 25. april 2024, tilgjengelig her: Fra 20. mai til 24. mai 2024, har Equinor ASA kjøpt tilbake totalt 2.265.000 egne aksjer til en gjennomsnit...
Equinor ASA: Share buy-back Please see below information about transactions made under the second tranche of the 2024 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO). Date on which the second tranche of the 2024 programme was announced: 25 April 2024. The duration of the second tranche of the 2024 programme: 16 May to no later than 22 July 2024. Further information on the tranche can be found in the stock market announcement on its commencement dated 25 April 2024, available here: From 20 May until 24 May 2024, Equinor ASA has purchased a ...
A director at Kongsberg Gruppen ASA sold 1,500 shares at 900.000NOK and the significance rating of the trade was 58/100. 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 c...
This week, BW Energy and Panoro Energy have been in the news. An oil discovery on the northern flank of the Hibiscus field was announced, and according to the partners, it is substantial in size. Also, Panoro Energy and BW Energy reported Q1 figures, which were fairly in line with expectations.
This week, Sagax issued a 6-year EUR500m fixed bond – the first ‘large and longer-duration’ EUR bond issue by a listed Swedish real estate company in around two years. Also, Fitch warned about the liquidity situation in SBB Norden, Emilshus raised equity, and K2A initiated a written procedure to extend its bonds. The weighted-average implied EBITDA yields on the stocks we cover are 4.38% for 2024e and 4.78% for 2025e.
AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; target price of £0.50 per share: Drilling at the second well onshore Morocco has commenced – Chariot has started to drill the Dartois prospect onshore Morocco. The well is targeting a different reservoir system and trapping style than the Gaufrette prospect. The main target at Dartois is estimated to hold 12 bcf of gross prospective resources. Success would de-risk a total of 20 bcf of gross prospective resources (+...
Equinor ASA: Announcement of cash dividend per share in NOK for fourth quarter 2023 Equinor ASA (OSE: EQNR, NYSE: EQNR) announced on 7 February 2024 an ordinary cash dividend per share of USD 0.35 and an extraordinary cash dividend per share of USD 0.35 for fourth quarter 2023. The NOK cash dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 16 May 2024, in total seven business days. Average Norges Bank fixing rate for this period was 10.7254. Total cash dividend for fourth quarter 2023 of USD 0.70 per sh...
Equinor ASA: Annonsering av kontantutbytte per aksje i NOK for fjerde kvartal 2023 Equinor ASA (OSE: EQNR, NYSE: EQNR) annonserte 7. februar 2024 et ordinært kontantutbytte per aksje på USD 0,35 og et ekstraordinært kontantutbytte på USD 0,35 per aksje for fjerde kvartal 2023. Kontantutbytte i NOK per aksje er basert på gjennomsnittlig USDNOK valutakurs satt av Norges Bank for perioden pluss/minus tre virkedager fra eierregisterdato 16. mai 2024, totalt syv virkedager. Gjennomsnittlig valutakurs satt av Norges Bank for denne perioden var 10,7254. Samlet kontantutbytte per aksje på USD 0,7...
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