LSS step-up in H2’24 reinforces our view on the revenue path; continued FS mix optimization supports our Buy – We reiterate our Buy on Profile following on from its FY’24 results, which confirmed our expectations for accelerated top line and improved mix. Our key takeaways from results were that: a) PROF managed to deliver on its LSS top line guidance (at €18.1m, +95% yoy) reinforcing our view that execution is becoming more linear; and b) EBITDA margins came in at 25.8% (+1.5pps yoy) despite th...
Reiterating our Buy in light of expected LSS milestone payments step-up in H2’24 – We pinpoint H2’24 as a likely breakout period for Profile, underpinned by organic top line acceleration in financial (+11% vs. H2’23) and faster execution in LSS (inflows to reach €16m by year-end). Our forecasts appear well-supported given the strong YTD trend in financial (H1 sales +25% higher yoy) and the improving momentum in Greek state digitization as the project pipeline begins to mature. We see this drivin...
A director at Profile Systems & Software sold 430,000 shares at 5.280EUR and the significance rating of the trade was 69/100. 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 ye...
Leading international financial software provider and institutional sector platform developer, c60% recurring base, €130m backlog – Profile (PROF) is a leading Greek financial software company with a broad portfolio of solutions (spanning the entire value chain of the financial sector) and strong international presence (>54% of sales), while also engaging in projects for Greek state and Large organizations (LSS). The business model is characterized by a c60% recurring revenue base thanks to the ...
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....
In our latest Strategy update report, we argue that: • Greek stocks look quite attractive from a valuation perspective, with non-financials standing c31% below their pre-COVID 19 levels, still factoring in a c6% Equity Risk Premium. • Relative valuations are even more compelling, with Greek non-financials trading at a multi-year-high discount vs EU peers. • 1-year forward estimates seem to have stabilized and earnings momentum has turned positive, but with 2021e operating estimates standing c2%...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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