reports
- Sharad Kumar S.P
Holdings Report - October 2024 KBCS Holdings Universe Returns -2.5% Du...
1M Performance - Absolute: During Oct'24 (1M period), the KBCS Holdings Universe posted a return of -2.5% which was mainly driven by single-asset holdings (-2.8%) while multi-asset holdings posted a slightly less negative return of -2.3%. The 3 top performers during the period were Financière de Tubize (+6.7%), D'Ieteren Group (+4.5%), and Solvac (+2.8%) while the 3 worst performers were Sofina (-11.4%), Gimv (-9.8%), and Compagnie du Bois Sauvage (-6.3%). YTD Performance - Relative: On a YTD ...
GBLB GROUPE BRUXELLES LAMBERT SA
HAL HAL TRUST
DIE D'IETEREN SA
SOF SOFINA SA
SOLV SOLVAC S.A.
GIMB GIMV NV
QFG QUEST FOR GROWTH
ACKB ACKERMANS & VAN HAAREN NV
TUB FINANCIERE DE TUBIZE S.A.
HEIO HEINEKEN HOLDING N.V.
KBCA KBC ANCORA SCA
TEXF TEXAF
BREB BREDERODE S.A.
TINC TINC COMM. VA
EXO EXOR N.V.
ROCK WHITESTONE GROUP
Solvac S.A.: 1 director
A director at Solvac S.A. sold 796,557 shares at 105.140EUR 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 the last two years clearly ...
- Kristof Samoy
- Sharad Kumar S.P
- Sharad Kumar S.P
Solvac Discount currently at ~41.0% vs. 5-year avg. of 23.3%
In this short update, we want to bring to attention the fact that Solvac is currently trading at a discount of ~41.0% compared to our estimated NAVps of €167.5, which is much higher than both the 2yr and 5yr average discounts of 29.0% and 23.3%. Also, after having updated our model for our latest target prices for both Syensqo (€112) and Solvay (€40), we estimate the target equity value per share (TEVps) to be €230.1, implying an even wider discount of 57.0%. We believe that the current high-dis...
- Sharad Kumar S.P
Holdings Report - August 2024 KBCS Holdings Universe Up 0.5% Thanks To...
1M Performance - Absolute: During July'24 (1M period), the KBCS Holdings Universe posted a return of 0.5% which was mainly driven by multi-asset holdings (+1.7%) while single-asset holdings posted a negative return of -1.3%. The 3 top performers during the period were HAL Trust (+5.1%), Texaf (+2.9%), and The Infrastructure Company (TINC, +9.6%) while the 3 worst performers were Brederode (-2.8%), Solvac (-5.3%), and Whitestone Group (-7.2%). YTD Performance - Relative: On a YTD basis (as of A...
GBLB GROUPE BRUXELLES LAMBERT SA
HAL HAL TRUST
DIE D'IETEREN SA
SOF SOFINA SA
SOLV SOLVAC S.A.
GIMB GIMV NV
QFG QUEST FOR GROWTH
ACKB ACKERMANS & VAN HAAREN NV
TUB FINANCIERE DE TUBIZE S.A.
HEIO HEINEKEN HOLDING N.V.
KBCA KBC ANCORA SCA
TEXF TEXAF
BREB BREDERODE S.A.
TINC TINC COMM. VA
ROCK WHITESTONE GROUP
- Sharad Kumar S.P
Holdings Report - July 2024 KBCS Holdings Universe Up 1.2% Thanks To M...
1M Performance - Absolute: During July'24 (1M period), the KBCS Holdings Universe posted a return of 1.2% which was mainly driven by multi-asset holdings (+3.6%) while single-asset holdings posted a negative return of -2.4%. The 3 top performers during the period were Financière de Tubize (+17.0%), Ackermans & van Haaren (+9.8%), and Compagnie du Bois Sauvage (+9.6%) while the 3 worst performers were Texaf (-3.9%), Heineken Holding (-7.5%), and Gimv (-8.4%). YTD Performance - Relative: On a YT...
GBLB GROUPE BRUXELLES LAMBERT SA
HAL HAL TRUST
SOF SOFINA SA
SOLV SOLVAC S.A.
GIMB GIMV NV
QFG QUEST FOR GROWTH
ACKB ACKERMANS & VAN HAAREN NV
TUB FINANCIERE DE TUBIZE S.A.
HEIO HEINEKEN HOLDING N.V.
KBCA KBC ANCORA SCA
TEXF TEXAF
BREB BREDERODE S.A.
TINC TINC COMM. VA
ROCK WHITESTONE GROUP
- Sharad Kumar S.P
Holdings Report - June 2024 KBCS Holdings Universe Down -3.6% Due To S...
1M Performance - Absolute: Over the last 1M period, the KBCS Holdings Universe posted a return of -3.6% which was mainly driven by single-asset holdings (-4.1%) while multi-asset holdings posted a slightly less negative return of -3.7%. The 3 top performers during the period were Financière de Tubize (+5.9%), Texaf (0.0%), and Quest for Growth (-1.8%) while the 3 worst performers were Compagnie du Bois Sauvage (-7.7%), Gimv (-5.6%), and KBC Ancora (-5.3%). YTD Performance - Relative: On a YTD ...
GBLB GROUPE BRUXELLES LAMBERT SA
HAL HAL TRUST
DIE D'IETEREN SA
SOF SOFINA SA
SOLV SOLVAC S.A.
GIMB GIMV NV
QFG QUEST FOR GROWTH
ACKB ACKERMANS & VAN HAAREN NV
TUB FINANCIERE DE TUBIZE S.A.
HEIO HEINEKEN HOLDING N.V.
KBCA KBC ANCORA SCA
TEXF TEXAF
BREB BREDERODE S.A.
TINC TINC COMM. VA
ROCK WHITESTONE GROUP
- Sharad Kumar S.P
Holdings Report - May 2024 KBCS Holdings Universe Down -0.9% Due To Mu...
1M Performance - Absolute: Over the last 1M period, the KBCS Holdings Universe posted a return of -0.9% which was mainly driven by multi-asset holdings (-1.3%) while single-asset holdings posted a positive return of +0.6%. The 3 top performers during the period were Solvac (+8.0%), Gimv (+5.5%), and Compagnie du Bois Sauvage (+5.3%) while the 3 worst performers were HAL Trust (-6.5%), D'Ieteren Group (-1.8%), and Texaf (-1.1%). YTD Performance - Relative: On a YTD basis, the KBCS Holdings Univ...
GBLB GROUPE BRUXELLES LAMBERT SA
HAL HAL TRUST
DIE D'IETEREN SA
SOF SOFINA SA
SOLV SOLVAC S.A.
GIMB GIMV NV
QFG QUEST FOR GROWTH
ACKB ACKERMANS & VAN HAAREN NV
TUB FINANCIERE DE TUBIZE S.A.
HEIO HEINEKEN HOLDING N.V.
KBCA KBC ANCORA SCA
TEXF TEXAF
BREB BREDERODE S.A.
TINC TINC COMM. VA
ROCK WHITESTONE GROUP
Resultaat van de Gewone en Buitengewone Algemene Aandeelhoudersvergade...
Resultaat van de Gewone en Buitengewone Algemene Aandeelhoudersvergaderingen 2024 Brussel, 29 mei 2024 - De Gewone en Buitengewone Algemene Aandeelhoudersvergaderingen van Solvac werden uitzonderlijk gehouden op 28 mei 2024, rekening houdend met de datum van het houden van de Gewone Algemene Vergadering van Solvay en Syensqo. De Algemene Vergaderingen werden fysiek als digitaal georganiseerd in de Event Lounge, Generaal Wahislaan in 1030 Brussel. De aandeelhouders keurden alle voorgestelde resoluties van deze vergadering goed. De Gewone Algemene Vergadering keurde in het bijzonder de be...
Results of the Ordinary and Extraordinary Shareholders' Meetings 2024
Results of the Ordinary and Extraordinary Shareholders' Meetings 2024 Brussels, May 29, 2024 - The Ordinary and Extraordinary Shareholders' Meetings of Solvac held exceptionally on May 28, 2024 taking into account the date of the Ordinary Shareholders Meeting of Solvay and Syensqo. The shareholders meetings took place face-to-face and digitally at the Event Lounge, Boulevard General Wahis, 1030 Brussels. All the resolutions of these Meetings have been adopted by the shareholders. In particular, the Ordinary General Meeting approved the payment of the total dividend per share at EUR 5.81 ...
Résultats des Assemblées Générales Ordinaire et Extraordinaire des Act...
Résultats des Assemblées Générales Ordinaire et Extraordinaire des Actionnaires 2024 Bruxelles, le 29 mai 2024 - Les Assemblées Générales Ordinaire et Extraordinaire des Actionnaires de Solvac se sont tenues exceptionnellement ce 28 mai 2024, compte tenu de la date de tenue de l’Assemblée Générale Ordinaire de Solvay et de Syensqo. Les Assemblées Générales ont été organisées pour les actionnaires en présentiel et de manière hybride, à l’Event Lounge, Boulevard Général Wahis à 1030 Bruxelles. L’ensemble des résolutions de ces Assemblées a été adopté par les actionnaires. L’Assemblée G...
- Sharad Kumar S.P
Holdings Report - April 2024 KBCS Holdings Universe Up 0.6% Thanks To ...
1M Performance - Absolute: Over the last 1M period, the KBCS Holdings Universe posted a return of +0.6% which was mainly driven by single-asset holdings (+1.8%) while multi-asset holdings posted a negative return of -0.1%. The 3 top performers during the period were Financière de Tubize (+8.1%), Brederode (+7.4%), and Texaf (+6.9%) while the 3 worst performers were HAL Trust (-4.6%), Gimv (-1.5%), and D'Ieteren Group (-1.2%). YTD Performance - Relative: On a YTD basis, the KBCS Holdings Univer...
GBLB GROUPE BRUXELLES LAMBERT SA
HAL HAL TRUST
DIE D'IETEREN SA
SOF SOFINA SA
SOLV SOLVAC S.A.
GIMB GIMV NV
QFG QUEST FOR GROWTH
ACKB ACKERMANS & VAN HAAREN NV
TUB FINANCIERE DE TUBIZE S.A.
HEIO HEINEKEN HOLDING N.V.
KBCA KBC ANCORA SCA
TEXF TEXAF
BREB BREDERODE S.A.
TINC TINC COMM. VA
ROCK WHITESTONE GROUP
- Guy Sips
- Sharad Kumar S.P
- Thibault Leneeuw
- Wim Hoste
- Sharad Kumar S.P
Solvac Significant discount widening presents buying opportunity
Since the start of March 2024, Syensqo has risen by 8.0% while Solvay has rallied 28.0%. However, in stark contrast to its underlying investments, Solvac has declined by -2.8% during the same time period. As a result, we estimate Solvac's discount to have widened to 38.4% which is much higher that the 2yr and 5yr average discount(s) of 24.3% and 20.7% respectively. While lower volumes in the name could be one reason, we also believe that the market has not fully re-calibrated its view of Solvac ...
- Joren Van Aken
Solvac - FY23: Split and FY24 dividend likely stable
• FY23 NAV at EUR 178.6 p/s• We estimate today's NAV to be EUR 148.6 p/s, implying a discount of 29.4%. Although slightly above the long-term average of ~26%, we prefer a direct investment in Solvay or Syensqo• TP remains at EUR 146.5. Hold reiterated
Increase of 4.1 % of the dividend per share in 2023 compared to 2022
Increase of 4.1 % of the dividend per share in 2023 compared to 2022 Press ReleaseInside/regulated information March 14, 2024, after 5.40 PM The 2023 dividend of € 5.81 per share is increasing by 4.1 % compared to 2022. The cash revenue1, powered by the inflow of dividends from its participation in Solvay, came to € 132.1 million higher than the 2022 revenue (€ 125.6 million) and is increasing compared to last year thanks to the rise of the Solvay dividend per share, as shown in the table below: 2022 2023 Solvay dividend per share – January (in EUR)1.501.54 Number of Solvay shares ...
Dividende par action en augmentation de 4,1 % en 2023 par rapport à 20...
Dividende par action en augmentation de 4,1 % en 2023 par rapport à 2022 Communiqué de PresseInformation privilégiée/régulée 14 mars 2024 après 17h40 Le dividende 2023 est de 5,81 EUR par action en augmentation de 4,1 % par rapport à 2022. Le revenu cash1, alimenté par les flux de dividendes de la participation dans Solvay, s’établit à 132,1 millions EUR contre 125,6 millions EUR en 2022 et est en augmentation par rapport à l’année passée grâce à l’augmentation du dividende unitaire de Solvay, comme le démontre le tableau ci-dessous : 2022 2023 Dividende Solvay par action – ...
Dividend per aandeel stijgt met 4,1 % in 2023 vergeleken met 2022
Dividend per aandeel stijgt met 4,1 % in 2023 vergeleken met 2022 Persbericht Voorkennis/gereglementeerde informatie 14 maart 2024, na 17u40 Het dividend 2023 bedraagt 5,81 EUR per aandeel en stijgt met 4,1 % vergeleken met 2022. De kasopbrengsten1, gevoed door de dividenden uit de participatie in Solvay, bedragen 132,1 miljoen EUR, tegenover 125,6 miljoen EUR stijgend vergeleken met deze betaald in 2022 door de toename van het d...
- Sharad Kumar S.P
Holdings Report - February 2024 KBCS Holdings Universe Underperforms B...
1M Performance - Absolute: Over the last 1M period, the KBCS Holdings Universe posted a return of -3.8% which was mainly driven by single-asset holdings (-5.4%) while multi-asset holdings posted a less negative return og -2.8%. The 3 top performers during the period were Financière de Tubize (+8.7%), Whitestone Group (+7.7%), and Texaf (+3.0%) while the 3 worst performers were Heineken Holding (-8.3%), Compagnie Du Bois Sauvage (-7.7%), and Solvac (-7.5%). YTD Performance - Relative: On a YTD ...
HAL HAL TRUST
DIE D'IETEREN SA
SOF SOFINA SA
SOLV SOLVAC S.A.
GIMB GIMV NV
QFG QUEST FOR GROWTH
ACKB ACKERMANS & VAN HAAREN NV
TUB FINANCIERE DE TUBIZE S.A.
HEIO HEINEKEN HOLDING N.V.
KBCA KBC ANCORA SCA
TEXF TEXAF
BREB BREDERODE S.A.
TINC TINC COMM. VA
ROCK WHITESTONE GROUP
- Sharad Kumar S.P
Holdings Report - January 2024 KBCS Holdings Universe outperforms BEL2...
1M Performance - Absolute: Over the last 1M period, the KBCS Holdings Universe posted a return of +1.2% which was mainly driven by single-asset holdings (+2.0%) while multi-asset holdings posted a lower return (+0.5%). The 3 top performers during the period were Financière de Tubize (+7.5%), Brederode (+7.5%), and D'Ieteren Group (+6.1%) while the 3 worst performers were Solvac (-4.0%), Ackermans & van Haaren (-2.5%), and Gimv (-2.4%). YTD Performance - Relative: On a YTD basis, the KBCS Holdi...
GBLB GROUPE BRUXELLES LAMBERT SA
HAL HAL TRUST
DIE D'IETEREN SA
SOF SOFINA SA
SOLV SOLVAC S.A.
GIMB GIMV NV
QFG QUEST FOR GROWTH
ACKB ACKERMANS & VAN HAAREN NV
TUB FINANCIERE DE TUBIZE S.A.
HEIO HEINEKEN HOLDING N.V.
KBCA KBC ANCORA SCA
TEXF TEXAF
BREB BREDERODE S.A.
TINC TINC COMM. VA
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.