A director at Davide Campari bought 1,662,000 shares at 5.034EUR and the significance rating of the trade was 67/100. 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 clea...
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....
On 1 July 2020, Campari changed its country of incorporation from Italy to the Netherlands, in order to allow the allocation of an increased number of voting rights to registered shareholders: 2 votes per ordinary share held in the "Loyalty Register" for 2 years (through the allocation of Special Voting Shares A), 5 votes after 5 years (through Special Voting Shares B) and 10 votes per share after 10 years (through Special Voting Shares C). In item 3, it is proposed to authorize the Board of Di...
Me too I drink : une tendance de fond sur le moyen terme. Il existe aujourd’hui une convergence des sexes en matière de consommation d’alcool. En effet, les hommes nés à la fin du 20ème siècle ne sont que 1,1x plus enclins que les femmes à consommer de l’alcool (contre un ratio de 2,2x pour ceux nés vers le début du 20ème siècle). Les femmes préférant les spiritueux à la bière, nous pensons que l’intégralité des acteurs du secteur va bénéficier de ce mouvement. Certains...
This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. - >Accelerated digitisation, no turning back - The COVID-19 crisis will without a doubt accelerate use of digital in society in general. The effectiveness of teleworking has...
Cette note transversale du bureau d’étude ODDO BHF a pour but d’identifier les secteurs et valeurs positivement impactés ou en risque face à une accélération de la digitalisation de la société et de l’économie post COVID-19. Nous ressortons avec 16 valeurs attractives et 12 valeurs en risque. - >Digitalisation accélérée, pas de retour en arrière - La crise du COVID-19 va sans aucun doute accélérer l’utilisation du numérique dans la société en général. Le télétravail ...
The EGM is called to revoke the resolution to transfer the Company's registered office to the Netherlands, which was approved by the General Meeting of March 2020 with the favourable vote of only 34% of minority shareholders (excluding the votes of the controlling shareholder Lagfin). The shareholders that did not approve the proposal (abstaining, opposing or not attending the Meeting) have the right to withdraw from the Company, at a redemption price of €8.376 per share to be paid by Campari. T...
Mauna Kea is a medtech focused on in vivo microscopic imaging. The group aims to revolutionise diagnosis via its Cellvizio® system. Indeed, Cellvizio® presents a unique value proposition by facilitating the real-time observation of tissues at a microscopic scale and helping physicians to accurately target biopsies. The current share price, which reflects the temporary negative impact of COVID-19 on the company's business, presents an attractive entry point to play the extension of the...
Les assureurs ont enregistré les premiers effets de la crise au T1, mais on note une bonne résistance de la rentabilité opérationnelle, alors que les marges de solvabilité, bien qu’en baisse, restent solides. Les effets de la crise impacteront les résultats du T2, mais relativement peu les perspectives de résultat 2021/2022. Le secteur se traite actuellement à des multiples de valorisation attractifs au regard de ses fondamentaux. - ...
>Very robust off-trade sales in the US - A recent report from Euromonitor confirmed that off-trade sales (retail, convenience, e-commerce) in the US have been particularly brisk since the lockdown started. They were boosted in the first instance by stocking, but the positive trend continued in subsequent weeks. Growth seems to have particularly favoured “known and trusted†brands. This momentum in the off-trade segment is, however, not expected to offset the loss...
>Des ventes off-trade très dynamiques aux USA - Une étude récente d’Euromonitor confirme que les ventes off-trade (grande distribution, proximité, e-commerce) aux USA sont particulièrement dynamiques depuis le début du confinement. Si elles ont été boostées, au départ, par un phénomène de stockage, la tendance haussière s’est confirmée sur les semaines suivantes. Cette croissance semble pour l’instant particulièrement favorable aux marques bien établies (« known and t...
The independent financial analyst theScreener just awarded an improved star rating to DAVIDE CAMPARI MILANO (IT), active in the Distillers & Vintners industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as moderately risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date May ...
Faced with uncertainty as to what shape the next recovery cycle may take, we have attempted to build a sector allocation approach based on three pillars: 1/ buy sectors offering an EY - Bund spread higher than the long-term average) 2/ minimise the risk on earnings expectations by favouring sectors for which the speed of revision is higher than that achieved at the same time stage of the crisis in 2008-2009 3/ favour sectors whose price performance is more severe than the decline in e...
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