Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
bpost: Potentially selling Ubiway Retail Cofinimmo: 1Q21 and CAPEX guidance increase as exp. DSM: Preview 1Q21: sales & EBITDA expected +8% y/y Gimv: Investment in Projective Group Kinepolis: Sufficient financial resources to bridge the gap Sioen: Sihold at 97.71% and proceeds with squeeze-out Solvay: Preview 1Q21: underlying EBITDA expected -7% y/y Telenet: Outlook confirmed despite solid start of the year Umicore: Strong 1Q trading update and € 1bn EBIT reiterated X-FAB: Much better Q1 results...
Argenx: Ready for commercial transformation Banimmo: Improved results due to revaluations & lower costs Boskalis: Good 2H20 performance, improving net cash Euronext: Remaining iBabs stake acquisition EVS: New € 23 TP as EVS will emerge stronger in 2021 Galapagos: Initial MANTA(-Ray) data shows no hiccups Sioen: FY20 results Smartphoto group: Strong growth in turnover and profitability Various: DTPL update : (+) Elia, EVS and Melexis
Bekaert: Solid 2H20 beat, 2021F REBIT to move up at least 5%. bpost: Preview 4Q20F results, consensus released. D'Ieteren: FY20 preview. Elia: Reasonable FY20 results, outlook looks cautious. Food Retail sector: Target's 4Q20 results. IBA: Receives downpayment for new Proteus ONE contract. Melexis: Sizeable secondary placing. Sioen Industries: Sihold owns 93.52% as of 2 March
Bekaert: Solid 2H20 result and positive FY21 outlook Elia Group: FY20 results in line, with some FY21 considerations MDxHealth: FY20: Navigating out of turbulent waters Melexis: Private placement of 1.79m Melexis shares Recticel: Bedding sale is next logical transformation step Sioen: Sihold at 93.5%, reopens offer waving 95% condition TINC: HY20/21: No surprises; still conservatively valued
We increase our target price to €27.00 and downgrade Sioen Industries to HOLD following the updated takeover bid published by Sihold, which we believe has a very high probability of success. This bid values Sioen Industries at 9.2x EV/EBITDA 2021F, a premium of c.15% to the average 12m fwd EV/EBITDA at which Sioen Industries has traded over 2016-20.
Two Directors at Sioen Industries sold 2,130 shares at 22.000EUR. 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...
CFE: Preview - focus on 3Q net debt and FY guidance. Kinepolis: Canadian peer Cineplex reports Q3 results. PostNL: PostNL and Mutares sell Nexive to Poste Italiane (PNL owned 20%). Sioen Industries: Recovery in 3Q20 but no update on the ongoing de-listing offer. TKH: Preview- set to keep its FY20 guidance
SIOEN INDUSTRIES (BE), a company active in the Commodity Chemicals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date October 30, 2020, the closing pr...
AKKA : Poor Q3 sales / Dusty road to recovery Biocartis : An unfortunate breakup, not the end times Brunel International : 3Q update: continued strong cost control Cofinimmo : Rumoured investment deal EXMAR : 3Q20 results broadly in line ForFarmers : Lower Opex didn’t compensate gross profit decline GrandVision : Extremely solid 3Q20 alleviating concerns Kinepolis : “We are in a war but we are not on the battlefield” Materialise : Good 3Q20 but short term outlook remains unclear Proximus : Great...
Sioen Industries' main shareholder, the Sioen family, announced on Thursday during trading hours that it will issue an offer of €23 per share for the remaining 35% of the company, offering a 29% premium to the undisturbed share price. This proposal confirms our positive view and will crystalize the fair value we see in Sioen, with the bid price broadly in line with our most recent target price (€24, from 16 September). Although we believe the timing of the offer is opportunistic, in our view it ...
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