reports
- Guy Sips
- Jacob Mekhael
- Kristof Samoy
- Lynn Hautekeete
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Thomas Vranken
- Wim Hoste
- Wim Lewi
Dynamic Top Pick List Update May 2024 : Adding Fugro, Removing Arcadis
In this May edition of our Dynamic Top Pick List we replace Arcadis by Fugro. Arcadis continues to deliver consistently on its promises and is working hard to realise its 2026 margin targets via cross selling, leveraging its global engineering platform and numerous self-help measures. In spite of this we remove Arcadis from our Dynamic Top Pick List as the recent & strong share price performance leaves little room for further short term triggers As a service provider to the energy industry, Fu...
BEKB BEKAERT SA
ABN ABN AMRO BANK NV DEPOSITARY RECEIPTS
EVS EVS BROADCAST EQUIPMENT SA
SOLB SOLVAY SA
DIE D'IETEREN SA
SOF SOFINA SA
GIMB GIMV NV
VAN VAN DE VELDE S.A.
IBAB ION BEAM APPLICATIONS SA
ACKB ACKERMANS & VAN HAAREN NV
ARCAD ARCADIS NV
TUB FINANCIERE DE TUBIZE S.A.
CPINV CARE PROPERTY INVEST SA
TWEKA TKH GROUP N.V. CERT
TINC TINC COMM. VA
FUR FUGRO NV
SHUR SHURGARD SELF STORAGE LIMITED
SYENS SYENSQO
Barco NV: 2 directors
Two Directors at Barco NV bought 1,214,218 shares at between 12.955EUR and 13.016EUR. The significance rating of the trade was 68/100. 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 la...
- Kristof Samoy
- Michiel Declercq
- Sharad Kumar S.P
- Thomas Vranken
- Wim Hoste
- Joren Van Aken
TINC - New investment: Water-as-a-Service (WaaS)
• TINC will invest EUR 8m for a 33.33% stake in Azulatis, which is a spin-off of De Watergroep. We believe this is an interesting investment with a profile that fits in the infrastructure portfolio of TINC• We estimate today's NAV to be EUR 13.82, implying a discount of 11.4%.• Since our upgrade to Buy, the stock rallied 11.3%, mainly thanks to a discount narrowing from 19.1% in March to 11.4% today. We deem today's discount to be more appropriate for TINC's portfolio and as the u...
- ING Helpdesk
- Hilde Van Boxstael
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Kris Kippers
Recticel - Volume growth curbing price deflation
Q1 was in line with expectations whereby volume growth was able to curb the persist price deflationNo rebound yet in newbuild but renovation is able to curb thisAll in all, we stick to our neutral stance and set our TP at EUR 12.0/share or 9x EV/EBITDA (2025e)
- ING Helpdesk
Benelux Morning Notes
Basic-Fit: 1Q24 update in line, FY24 outlook in line with consensus at mid-point. bpost: Agreement on Flemish newspaper delivery; risk of provisions largely removed. Cofinimmo: Q1 results in line. Corbion: Tail wags the dog. IMCD: The last hurdle was a harsh clip. Proximus: Strong start to the year, guidance unchanged ahead of Digi arrival. Recticel: Kingspan 1Q24 trading update. Signify: 1Q24 results; revenue decline accelerates. Umicore: Confirms FY 2024 EBITDA guidance range. ...
BANIMMO CONSTRUIT UN NOUVEAU SIÈGE POUR FARYS
BANIMMO CONSTRUIT UN NOUVEAU SIÈGE POUR FARYS Banimmo a obtenu le 14 mars 2024 un permis pour la construction d'un immeuble de bureaux de 10.318 m² avec des laboratoires et des espaces de stockage sur The Loop à Gand. Ce permis est définitif et donc exécutable depuis le 22 avril dernier. L'obtention du permis exécutoire était la dernière condition résolutoire pour la vente du bâtiment à construire à la société des eaux Farys, qui y établira son siège. Les travaux de construction, confiés à Algemene Bouw Maes, débuteront dès le 6 mai. Le projet, conçu par Arch&Teco, consiste ...
BANIMMO BOUWT NIEUWE HOOFDZETEL VOOR FARYS
BANIMMO BOUWT NIEUWE HOOFDZETEL VOOR FARYS Banimmo verkreeg op 14 maart 2024 een vergunning voor de bouw van een kantoorgebouw van 10.318 m2 met labo’s en opslagruimte op The Loop in Gent. Deze vergunning is definitief en bijgevolg uitvoerbaar sinds 22 april laatstleden. Het bekomen van een uitvoerbare vergunning was de laatste ontbindende voorwaarde voor de verkoop van het nog op te richten gebouw aan watermaatschappij Farys, dat er haar hoofdzetel zal vestigen. De bouwwerken, toevertrouwd aan Algemene Bouw Maes, starten reeds op 6 mei a.s. Het project, naar een ontwerp van...
- ING Helpdesk
Benelux Morning Notes
Ahold Delhaize: Release of 1Q24 company-compiled consensus. AkzoNobel: Decent 1Q24 with 4% beat, FY guidance reiterated. Allfunds Group plc: On the verge. Barco: Weak 1Q24, more conservative wording on guidance. DWS: 1Q24 preview. Flow Traders: No respite in March. IMCD: Last hurdle before growth. Randstad: 1Q24 slight miss vs consensus, 2Q24 outlook below due to weak gross margin. TKH Group: Preview – a weak 1Q expected Vår Energi: Nice start to the year
- Kris Kippers
Barco - Q1 worse than expected, reaching the through?
Barco's Q1 was clearly disappointing with sales dropping more than 20% in what luckily is a rather small quarter.Whereas China remains an issue, part of the drop is also linked to the (very) high comparison base combined with destocking at client level, sometimes necessary to be ready for product renewalDespite the tough start of the year, management is confident it will surpass the 14% margin level and sales could still be flat, ie ‘when markets would not deteriorate'We stick to our B...
- Emmanuel Matot
- Emmanuel Matot
- Robert Jan Vos
Sligro Food Group N.V. : At assumed 7%+ EBITDA profitability in 2025, ...
>Group sales € 13m (2%) lower than our forecast in Q1 2024 - Sligro reported net sales of € 652m, implying an organic increase of 2.7% in Q1 2024. We had forecast € 665m and company-compiled consensus was at € 654m. In the Netherlands, sales rose by 3.8% to € 554m, which, according to Sligro, was in line with the general trend in the market. We had expected growth of 2.7% for the Netherlands in Q1 2024. In Belgium, sales were down by 3.2% to € 98m. On the back of the ...
- Luuk Van Beek
- Ahmed Ben Salem
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
ENI ENI S.P.A.
REP REPSOL SA
MBWS MARIE BRIZARD WINE & SPIRITS SA
VIS VISCOFAN S.A.
SLIGR SLIGRO FOOD GROUP N.V.
CARM CARMILA SAS
INSD VERIMATRIX SA
CSM CORBION NV
BP. BP P.L.C.
NSI NSI N.V.
FPE3 FUCHS PETROLUB SE
ALVGO VOGO SA
SHEL SHELL PLC
CABKA CABKA N.V.
- Ahmed Ben Salem
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
ENI ENI S.P.A.
REP REPSOL SA
MBWS MARIE BRIZARD WINE & SPIRITS SA
VIS VISCOFAN S.A.
SLIGR SLIGRO FOOD GROUP N.V.
CARM CARMILA SAS
INSD VERIMATRIX SA
CSM CORBION NV
BP. BP P.L.C.
NSI NSI N.V.
FPE3 FUCHS PETROLUB SE
ALVGO VOGO SA
SHEL SHELL PLC
CABKA CABKA N.V.
- Robert Jan Vos
Sligro Food Group N.V. : Netherlands decent, but Belgium not yet where...
>Q1 revenue 2% below our expectation and in line with consensus - Sligro reported net sales of € 652m, implying an organic increase of 2.7%. We had forecast € 665m and company-compiled consensus was eyeing revenue of € 654m. In the Netherlands, revenue was up 3.8%, and, according to Sligro, in line with the general upward trend in the market. We had expected growth of 2.7% for the Netherlands in Q1 2024. In Belgium, revenue was down 3.2% to € 98m. On the back of furt...
- ING Helpdesk
Benelux Morning Notes
Azelis: Bloomberg report citing M&A interest. BE Semiconductor Industries: 1Q24 preview, focus on order intake. Greenyard: Crème de la Crème acquisition. Just Eat Takeaway.com: Deliveroo reports 1Q24 trading. Melexis: 1Q24 Preview, focus on pricing. NSI: Guidance confirmed, LTV improves, small but interesting investments might come. Sligro: 1Q24 results in line with expectations Vastned: Key €100m single asset disposal achieved
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.