AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$0.75 per share: Raising new equity to fund a high impact activity programme – ADX has raised A$13.5 mm of new equity priced at A$0.105 per share. One free-attaching option will be issued for evert two placement shares with an exercise price of A$0.15 per share and an expiry date of 08/05/2026. The proceeds from the raise will fund (1) the production testing of the 450 m gas column encountered at ...
EME Equity Market – April 2024 Market performance – green across all geographies, with Turkey outperforming. The MSCI EM Europe Index was up 5.3% mom in EUR terms and 4.2% mom in USD in April; while the Turkish ISE30 saw the strongest performance, adding 11.6% mom; followed by the Hungarian BUX (+5.0% mom); the Czech PX (+2.8% mom); the Greek ASE (+1.8% mom), the Polish WIG20 (+1.2% mom) and the Romanian BET (+0.1% mom) (all in EUR terms).
HEADLINES: • Santander Bank Polska: 1Q24 results – 19%+ headline ROE affected only slightly by FX mortgage saga costs • Bank Pekao: 1Q24 results in line with market's expectations NEUTRAL • PCF Group: 4Q23 headlines hit heavily by write-offs, but a more limited EBITDA loss than we had expected NEUTRAL • Erste Bank: 1Q24 results NEUTRAL • OMV: 1Q24 results – chemicals stronger than expected NEUTRAL • Borouge: 1Q24 results – better than expected POSITIVE • OMV Petrom: 1Q24 results NEUTRAL • Garan...
HEADLINES: • Arcelik: weak bottom-line performance in 1Q24 NEGATIVE • Sipchem: 1Q24 results – weak net income NEGATIVE • Kruk: issues flash 1Q24 net profit of PLN 338m NEUTRAL • EME Macro/Strategy: macro all-in-one (22-28 April) • Türkiye macro: MPC takes a pause, but hiking cycle not over yet • OTP Bank: CEO Csanyi speaks at AGM on future acquisitions and Russian exposure POSITIVE • Budimex: BXF Energia acquires 60 MW photovoltaic project NEUTRAL • Inter Cars: dividend policy for 2023-25E and p...
Moody's Ratings (Moody's) has today affirmed the Baa3 long term issuer and senior unsecured ratings of CA Immobilien Anlagen AG ("CA Immo"). The outlook changed to stable from negative. RATINGS RATIONALE The Baa3 rating for CA Immobilien Anlagen AG (CA Immo) is bolstered by its prime office port...
EQS-News: STRABAG SE / Key word(s): Annual Results STRABAG SE: Higher net income despite declining markets in 2023 25.04.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. STRABAG SE: Higher net income despite declining markets in 2023 New record output of € 19.1 billion (+8% vs. 2022) High order backlog largely unchanged at € 23.5 billion EBIT margin above expectations at 5.0% Higher dividend of € 2.20 proposed Outlook for 2024: output volume of around € 19.4 billion, EBIT margin ≥ 4% STRABAG publishes its first online Ann...
EQS-News: STRABAG SE / Schlagwort(e): Jahresergebnis STRABAG SE: Höheres Konzernergebnis trotz rückläufiger Märkte in 2023 25.04.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. STRABAG SE: Höheres Konzernergebnis trotz rückläufiger Märkte in 2023 Neue Rekordleistung von € 19,1 Mrd. (+8 % vs. 2022) Hoher Auftragsbestand nahezu stabil bei € 23,5 Mrd. EBIT-Marge mit 5,0 % über den Erwartungen Höhere Dividende von € 2,20 vorgeschlagen Ausblick 2024: Leistung rd. € 19,4 Mrd., EBIT-Marge ≥ 4 % STRABAG veröffentlicht erstma...
EQS-News: STRABAG SE / Schlagwort(e): Kapitalmaßnahme/Ausschüttungen Ergänzende Bekanntmachung zur Auszahlung der Bar-Ausschüttung der am 16.6.2023 beschlossenen Kapitalherabsetzung der STRABAG SE (ISIN AT000000STR1) über ein Wertrecht (ISIN AT0000A36HK3) 16.04.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. STRABAG SE Villach Ergänzende Bekanntmachung zur Auszahlung der Bar-Ausschüttung der am 16.6.2023 beschlossenen Kapitalherabsetzung der STRABAG SE (ISIN AT000000STR1) über ein Wertrecht (ISIN AT0000A36HK3) ...
EQS-News: STRABAG SE / Key word(s): Corporate Action/Payout Supplementary announcement on the payment of the cash distribution from the capital reduction of STRABAG SE (ISIN AT000000STR1) resolved on 16 June 2023 via a value right (ISIN AT0000A36HK3) 16.04.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. STRABAG SE Villach Supplementary announcement on the payment of the cash distribution from the capital reduction of STRABAG SE (ISIN AT000000STR1) resolved on 16 June 2023 via a value right (ISIN AT0000A36HK3) 2nd Pe...
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$1.00 per share: Restarting production at Anshof – The Permanent Production Facility (PPF), with a capacity of 3,000 bbl/d of liquids, has been commissioned and the Anshof-3 well has recommenced production at a rate of 134 bbl/d with no water. The operation has been undertaken in line with expectations and within budget. The oil production rate at Anshof-3 is 16% above the rate prior to shut-in. A...
HEADLINES: • OMV Petrom: 1Q24 trading statement POSITIVE • OMV: 1Q24 trading statement NEUTRAL • Bank Millennium: 1Q24E CHF mortgage saga provisions land at PLN 507m NEUTRAL • Polish gencos: IndMin floats notion of alternative solution to the NABE NEUTRAL • EME Macro/Strategy: macro all-in-one (1-7 April) • Halyk Savings Bank: pays off State aid fully POSITIVE • Orange Polska: key takeaways from the interview with the CTO NEUTRAL • Polish telecoms: mobile number portability in 1Q24 NEUTRAL • Pub...
HEADLINES: • GEVORKYAN: the power of powder (BUY - initiation of coverage) • Turkish Airlines: 4Q24 – ending a very good year on a strong note POSITIVE • Grupa Pracuj: 4Q23 results – adjusted EBITDA up 18% yoy, 8% above the market consensus POSITIVE • Motor Oil Hellas: 4Q23 results NEUTRAL • Enea: preliminary 4Q23 results POSITIVE • Text: key takeaways from the 4Q23-24 preliminary earnings call NEUTRAL • Bank of Georgia: finalises Ameria acquisition POSITIVE • Aegean Airlines: 1Q24 traffic – goo...
EME Equity Market – March 2024 Market performance – mixed performances in March, with the Romanian BET outperforming. The MSCI EM Europe Index declined by 0.3% mom in EUR terms and 0.4% mom in USD in March. The Romanian BET reported the strongest performance, adding 7.1% mom in EUR terms, followed by the Czech PX and the Polish WIG20 (+4.1% and 1.0% mom, in EUR terms, respectively). Greece saw a relatively muted performance (-0.2% mom in EUR terms), while Hungary (-1.1% mom in EUR terms) and Tür...
HEADLINES: • Air Astana Group: a cash-accretive airline from the heart of Eurasia (BUY - initiation of coverage) • Elm: still a digital champion (stays HOLD) • PZU: reports solid 4Q23; high DPS potential POSITIVE • CEZ: misses on 4Q23 net profit, tepid 2024E guidance NEGATIVE • Benefit Systems: strong 4Q23 beats expectations, but company trims 2024E guidance for card additions abroad NEUTRAL • Teknosa: mixed results in 4Q23 NEGATIVE • CA Immo: 4Q23 – all about the disposals POSITIVE • Brisa: 4Q2...
EQS-News: STRABAG SE / Key word(s): Corporate Action STRABAG SE: Implementation of non-cash capital increase entered in the commercial register; details on issuance of new shares and cash distribution 21.03.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION IS UNLAWFULSTRABAG SE: Implementation of non-cash capital increase entered in the commerc...
EQS-News: STRABAG SE / Key word(s): Corporate Action/Payout Announcement on the payment of the cash distribution from the capital reduction of STRABAG SE (ISIN AT000000STR1) resolved on 16 June 2023 via a value right (ISIN AT0000A36HK3) 21.03.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. This is a working translation from the German language version and for convenience purposes only. The only binding document is the German language document. STRABAG SE VillachAnnouncement on the payment of the cash distribution from the c...
EQS-News: STRABAG SE / Schlagwort(e): Kapitalmaßnahme/Ausschüttungen Bekanntmachung zur Auszahlung der Bar-Ausschüttung der am 16.6.2023 beschlossenen Kapitalherabsetzung der STRABAG SE (ISIN AT000000STR1) über ein Wertrecht (ISIN AT0000A36HK3) 21.03.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. STRABAG SE VillachBekanntmachung zur Auszahlung der Bar-Ausschüttung der am 16.6.2023 beschlossenen Kapitalherabsetzung der STRABAG SE (ISIN AT000000STR1) über ein Wertrecht (ISIN AT0000A36HK3) In der am 16.6.2023 abgehaltene...
EQS-News: STRABAG SE / Schlagwort(e): Kapitalmaßnahme STRABAG SE: Durchführung der Sachkapitalerhöhung im Firmenbuch eingetragen; Details zur Ausgabe neuer Aktien und Ausschüttung in bar 21.03.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. NICHT ZUR VERTEILUNG, VERÖFFENTLICHUNG ODER WEITERLEITUNG, MITTELBAR ODER UNMITTELBAR, IN ODER INNERHALB DER VEREINIGTEN STAATEN VON AMERIKA, AUSTRALIEN ODER JAPAN ODER SONSTIGER LÄNDER, IN DENEN EINE SOLCHE VERÖFFENTLICHUNG UNZULÄSSIG ISTSTRABAG SE: Durchführung der Sachkapitalerhöhun...
Our target price for OMV is EUR 48.1, indicating a 27% upside potential, inclusive of the announced EUR 5.05 dividend. For MOL, we propose a target price of HUF 3,245, suggesting an 18% upside potential, factoring in an estimated dividend of HUF 250. We recommend 'Buy' for OMV and 'Accumulate' for MOL. In our opinion OMV holds a smaller risk. Despite challenges in the petrochemical sector, the company has achieved greater success with its international E&P portfolio, boasts more efficient refini...
>Good performance in 2023 slightly above our forecast - Verbund achieve a strong business performance in 2023. A shade above our forecast with an EBITDA increase of 42% to € 4,491m vs € 4,361m expected. The reported group result rose by 32% to € 2,266.1m and the group result after adjustment for non-recurring effects was up 49.1% to € 2,616m vs € 2,412m expected. The hydro coefficient was 2 points below the long-term average, but 12 points above FY 2022. Hence, hydro ...
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