reports
- 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
Solvac S.A.: 1 director
A director at Solvac S.A. bought 500 shares at 124.200EUR and the significance rating of the trade was 56/100. 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 sho...
- Sharad Kumar S.P
Holdings Report - December 2023 KBCS Holdings Universe Outperforms BEL...
1M Performance: Over the last 1M period, the KBCS Holdings Universe posted a resturn of +6.8% which was mainly driven by single-asset holdings (+9.2%) while multi-asset holdings holdings posted a lower return (+5.2%). The 3 top performers during the period were Sofina NV (+16.0%), D'Ieteren Group (+13.4%), and Gimv (+10.4%) while the 3 worst performers were Texaf (+1.8%), Heineken Holding (+1.3%), and The Infrastructure Company (TINC; -1.3%). Full Year Performance: On a FY 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
- Hilde Van Boxstael
- Michiel Declercq
- Sharad Kumar S.P
- Wim Hoste
- Wim Lewi
- Sharad Kumar S.P
Holdings Report - November 2023 KBCS Holdings Universe Posts 1M Absolu...
1M Performance: Over the last 1M period, the KBCS Holdings Universe posted a resturn of +7.2% which was mainly driven by multi-asset holdings (+10.5%) while single-asset holdings holdings posted a much lower return (+2.2%). The 3 top performers during the period were Sofina NV (+16.0%), D'Ieteren Group (+13.4%), and Gimv (+10.4%) while the 3 worst performers were Texaf (+1.8%), Heineken Holding (+1.3%), and The Infrastructure Company (TINC; -1.3%). YTD Perfomance: 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
- Sharad Kumar S.P
Holdings Report - October 2023 KBCS Holdings Universe Posts -3.8% 1M A...
1M Performance: Over the last 1M period, the KBCS Holdings Universe posted a -3.8% resturn which was mainly driven by single-asset holdings (-4.4%) while multi-asset holdings holdings posted a slightly better return (-3.5%). The 3 top performers during the period were D'Ieteren Group NV (+3.7%), Solvac (+1.8%), and The Infrastructure Compnay (TINC; +1.3%) while the 3 worst performers were Ackermans & van Haaren (-10.5%), Sofina (-7.5%), and Compagnie du Bois Sauvage (-7.1%). YTD Perfomance: On ...
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
BREB BREDERODE S.A.
TINC TINC COMM. VA
- Joren Van Aken
Solvac - H1 2023: EUR 3.35 interim dividend
Solvac's H1 NAV up 7.4% to EUR 152.3 p/s mainly driven by the increase in Solvay's share price YTD and the payment of the interim dividendSolvac proposes an interim dividend of EUR 3.35 and expects a full year dividend of EUR 5.81.We estimate today's NAV (adjusted for the dividend to be paid out in midaugust) at EUR 148.3 p/s implying a discount of 23% TP moves to EUR 146.5 p/s,which is based on our TP for Solvay and a target discount of 30%.Although this provides an upside of 28....
Premier acompte de dividende 2023 à 3,35 EUR brut, en augmentation de ...
Premier acompte de dividende 2023 à 3,35 EUR brut, en augmentation de 2,8% Communiqué de PresseInformation privilégiée/régulée Embargo - 3 août 2023 après 17h40 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 : 1er semestre 2022 1er semestre 2023 Dividende Solvay par action – janvier (en EUR) 1,50 1,54 Nombre d’actions ...
First interim gross dividend 2022 at €3.35, an increase of 2,8%
First interim gross dividend 2022 at €3.35, an increase of 2,8% Press ReleaseEmbargo, August 3rd, 2023 after 5:40 pm Regulated information The cash revenue1, driven by dividends from the investment in Solvay amounts to €132.1 million compared to €125.6 million in 2022, and is higher compared to last year thanks to the increase of the unit dividend of Solvay, as indicated in the table below: 1st Half 20221st Half 2023Solvay dividend per share – January (in €)1.501.54Number of Solvay shares held by Solvac (in million)32.632.6Solvay dividend received in January (in million €) (a)48.950....
Eerste interimdividend 2023 van 3,35 € bruto, een verhoging van 2,8%
Eerste interimdividend 2023 van 3,35 € bruto, een verhoging van 2,8% PersberichtGereglementeerde InformatieEmbargo, 3 augustus 2023 na 17:40 u De kasopbrengsten1, gevoed door de dividendenstroom uit de participatie in Solvay, bedroegen 132,1 miljoen € vergeleken met 125,6 miljoen € in 2022, en is gestegen in vergelijking met vorig jaar dankzij de stijging van het dividend van Solvay, zoals wordt aangetoond in onderstaande tabel: 1ste Semester 2022 1ste Semester 2023 Solvay dividend per aandeel – januari (in €)1,501,54 Aantal Solvay- aandelen aangehouden door Solvac (in miljoen)32,...
- Sharad Kumar S.P
Holdings Report - June 2023 KBCS Holdings Universe Declines By -4.0% Y...
Performance – 1M Absolute vs Relative: Over the last 1-month period, the KBCS holdings universe returned -4.0% but outperformed the BEL20 by +1.6%, underperformed the Euronext 100 by -1.6% and lagged the Euro Stoxx 50 by -2.4%. Non-Mono holdings declined by -3.8% whereas Mono holdings declined even more by -4.4%. The negative performance of Mono holdings was mainly driven by KBC Ancora (-10.4%), Heineken Holding (-5.4%), and Financière de Tubize (-3.7%) whereas the negative performance of non-m...
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
BREB BREDERODE S.A.
TINC TINC COMM. VA
- Sharad Kumar S.P
Holdings Report - May 2023 KBCS Holdings Universe Declines By -1.5% Du...
Performance – 1M Absolute vs Relative: Over the last 1-month period, the KBCS holdings universe returned -1.5% but outperformed the BEL20 by +0.8%, underperformed the Euronext 100 by -0.9% and lagged the Euro Stoxx 50 by -1.0%. Non-Mono holdings declined by -1.2% whereas Mono holdings declined even more by -2.3%. The negative performance of Mono holdings was mainly driven by Solvac (-3.5%), Financière de Tubize (-2.7%) and Heineken Holding (-2.2%). The performance of non-mono holdings were main...
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
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.