reports
Transocean Ltd: 1 director
A director at Transocean Ltd bought 2,000,000 shares at 6.010USD 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...
Viridien (formerly CGG): Viridien introduces its new ticker symbol
Viridien (formerly CGG): Viridien introduces its new ticker symbol Viridien Introduces Its New Ticker Symbol Paris, France – May 17, 2024 The Company’s shareholders approved the corporate name change from CGG to Viridien at the Annual General Meeting on May 15, 2024. The new ticker symbol for Viridien shares listed on Euronext Paris will be “VIRI”, effective May 21, 2024. New NameISIN codeEuronext codeNew tickerEffective dateViridienFR0013181864FR0013181864VIRIMay 21, 2024 About Viridien (formerly CGG): Viridien (), formerly CGG, is an advanced technology, digital and Earth data compa...
Viridien (anciennement CGG) : Viridien adopte un nouveau code mnémoniq...
Viridien (anciennement CGG) : Viridien adopte un nouveau code mnémonique Viridien adopte un nouveau code mnémonique Paris, France – 17 Mai 2024 Les actionnaires de la Société ont approuvé le changement de dénomination sociale de CGG à Viridien lors de l’Assemblée Générale annuelle du 15 mai 2024. Le nouveau code mnémonique des actions Viridien cotées sur Euronext Paris sera “VIRI” à compter du 21 mai 2024. Nouveau libelléCode ISINCode EuronextNouveau mnémoniqueDate d’effetViridienFR0013181864FR0013181864VIRI21 mai 2024 A propos de Viridien (anciennement CGG) : Viridien () est un leader ...
- Martin Huseby Karlsen
- Carole Braudeau
Credit Morning 05/16/2024
Altice designates certain subsidiaries as unrestricted (Bloomberg)Elior: good H1 23/24 results and confidence in targetsMoody's upgrades Monte's ratings by one notch to Ba2 senior and Ba3 Tier 2Avolta (ex-Dufry): solid first quarter, guidance confirmedMaxeda: after a difficult FY 2023 (leverage above 5x), the group is counting on its free cash flow generation in 2024 to deleverage before refinancing next year.>...
- Carole Braudeau
Morning Crédit 16/05/2024
Maxeda : après une année 2023 difficile (levier au-dessus de 5x), le groupe mise sur sa génération de free cash-flow en 2024 pour se désendetter avant son refinancement l’an prochainAltice désigne certaines filiales comme non restreintes (Bloomberg)Moody’s réhausse d’un cran les notes de Monte, à Ba2 en senior et à Ba3 en Tier 2Elior : bonne publication au S1 23/24 et confiance sur les objectifs fixésAvolta (ex-Dufry) : Très bon trimestre, guidances confirmées...
Viridien (anciennement CGG) : Assemblée Générale Mixte et Réunion du C...
Viridien (anciennement CGG) : Assemblée Générale Mixte et Réunion du Conseil d’administration du 15 mai 2024 Assemblée Générale Mixte et Réunion du Conseil d’administration du 15 mai 2024 Paris, France – 16 mai 2024 L’Assemblée Générale Mixte de Viridien (anciennement CGG) s’est tenue le 15 mai 2024 à Paris sous la présidence de Monsieur Philippe SALLE, Président du Conseil d’administration. Le résultat des votes et la retransmission audio de l’évènement seront disponibles sur le site de la Société : . L’Assemblée Générale a adopté l’ensemble des résolutions qui lui ont été soum...
Viridien (formerly CGG): Combined General Meeting and Board of Directo...
Viridien (formerly CGG): Combined General Meeting and Board of Directors Meeting of May 15, 2024 Combined General Meeting and Board of Directors Meetingof May 15, 2024 Paris, France – May 16, 2024 The Combined General Meeting of Viridien (formerly CGG), presided by Mr. Philippe SALLE, Chairman of the Board of Directors, was held on May 15, 2024 in Paris. The voting results and audio replay of the event will be available on the Company’s website at the following address: . The General Meeting adopted all resolutions that were submitted to it and notably approved the following: the statu...
- Martin Huseby Karlsen
Odfjell Drilling (Buy, TP: NOK65.00) - Investment case intact
After several quarters with results in line or above expectations, Q1 was slightly negative on somewhat higher capex for its upcoming 5-year surveys. Despite a NOK1.3/share effect compared to our estimates, the investment case remains intact, with an industry-leading cash-flow yield (17–26% yield to EV in 2025–2026e) and highly attractive multiples (adj. 2026e EV/EBITDA of 2.3x). We expect it to continue to outperform the sector, and maintain our BUY and NOK65 target price.
- Martin Huseby Karlsen
Seadrill (Buy, TP: NOK600.00) - Consensus needs to adjust
Q1 EBITDA (excluding a one-off for future tax credits) was in line with our forecast and Seadrill reiterated guidance, which included the same one-off. Key ahead is to get visibility and de-risk the rigs with a binary outcome, namely the West Phoenix in Norway, while we are more constructive on Sevan Louisiana and Capella. Despite our more conservative view than consensus on these rigs (we are 15–17% below on 2025–2026e EBITDA), we consider Seadrill among the most attractively valued large cap o...
CGG Changes Name to Viridien
CGG Changes Name to Viridien Paris, France – May 16, 2024 At the Annual General Meeting on May 15, 2024, shareholders approved the resolution to change the company’s corporate name from CGG to Viridien. Sophie Zurquiyah, CEO, Viridien, said: “Our new name, Viridien, connects our company’s history to our future, confidently positioning us for accelerated growth as an Advanced Technology, Digital and Earth Data Company.” To further support its growth strategy, the company will launch the new Viridien brand on 10th June at the upcoming EAGE Annual Conference in Oslo, further s...
CGG Change de Nom pour Devenir Viridien
CGG Change de Nom pour Devenir Viridien Paris, France – le 16 mai 2024 Lors de l'assemblée générale annuelle du 15 mai 2024, les actionnaires de la société ont approuvé la résolution visant à changer la dénomination sociale de CGG à Viridien. Sophie Zurquiyah, Directeur Général de Viridien, a déclaré : « Notre nouveau nom, Viridien, relie l'histoire de notre société à notre avenir, nous positionnant avec confiance pour une croissance accélérée en tant que leader mondial en technologies de pointe, en numérique et en données de la Terre. » Pour soutenir sa stratégie de ...
Subsea 7 S.A. notification of major holding
Subsea 7 S.A. notification of major holding Luxembourg – 15 May 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that, on 15 May 2024, Barclays Capital Securities Limited1 informed the Company that it had breached thresholds provided for by Luxembourg’s Transparency Law of 11 January 2008 on transparency requirements for issuers of securities as amended (the “Transparency Law”) as follows: On 10 May 2024 the total number of voting rights in the Company according to Article 8 and 9 of the Transparency Law attached to shares was 260,731On 10 May 2024 the total number of vot...
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 05/15/2024 Date Performance sin...
With 71% of the companies in the Stoxx 600 having released their Q1 2024 results, the picture at this stage is encouraging, with 58% of positive surprises on results. Materials and financials were the sectors that delivered the most positive surprises. If the Q4 2023 earnings season put an end to a downward revision of EPS, the Q1 2024 earnings season has triggered the start of an upward EPS revision, more markedly in the US than in Europe. In terms of sectors, re-rating effects conti...
ETL EUTELSAT COMMUNICATIONS SA
PBB DEUTSCHE PFANDBRIEFBANK AG
TNG TRANSGENE SA
F3C SFC ENERGY AG
FGA FIGEAC AERO SA
PSM PROSIEBENSAT.1 MEDIA SE
TPE PVA TEPLA AG
TRI TRIGANO SA
MBB MBB INDUSTRIES SE
DEQ DEUTSCHE EUROSHOP AG
PAT PATRIZIA AG
WLN WORLDLINE SA
DKG DEUTSCHE KONSUM REIT-AG
NHH NH HOTEL GROUP SA
CGG CGG
BSGR B&S GROUP S.A.
MEDCL MEDINCELL SA
NEXI NEXI S.P.A.
INPST INPOST S.A.
NA9 NAGARRO
HGEA HGEARS AG
TUI TUI AG
SCHOTT PHARMA AG
R3NK RENK GROUP AG
ORP ORPEA
- Jerôme Bodin
- Thomas Zlowodzki
ODDO BHF Small & MIDCAP MORNING NEWS - 15/05/2024 Date Performance dep...
Alors que 71% des sociétés du Stoxx 600 ont publié, le bilan est à ce stade positif avec 58% de surprises positives sur les résultats. Matériaux et Financières sont les secteurs ayant apporté le plus de surprises positives. Le consensus – qui avait stoppé sa baisse durant les publications T4-23, est désormais reparti à la hausse, plus nettement aux Etats-Unis qu’en Europe. Sectoriellement, les effets de rerating ont continué de dominer les révisions de BPA. - ...
ETL EUTELSAT COMMUNICATIONS SA
PBB DEUTSCHE PFANDBRIEFBANK AG
TNG TRANSGENE SA
F3C SFC ENERGY AG
FGA FIGEAC AERO SA
PSM PROSIEBENSAT.1 MEDIA SE
TPE PVA TEPLA AG
TRI TRIGANO SA
MBB MBB INDUSTRIES SE
DEQ DEUTSCHE EUROSHOP AG
PAT PATRIZIA AG
WLN WORLDLINE SA
DKG DEUTSCHE KONSUM REIT-AG
NHH NH HOTEL GROUP SA
CGG CGG
BSGR B&S GROUP S.A.
MEDCL MEDINCELL SA
NEXI NEXI S.P.A.
INPST INPOST S.A.
NA9 NAGARRO
HGEA HGEARS AG
TUI TUI AG
SCHOTT PHARMA AG
R3NK RENK GROUP AG
ORP ORPEA
- Carole Braudeau
- Baptiste Lebacq
CGG : Good start to the year
>Outperform rating maintained, target price unchanged at € 0.9 - Following the publication and conference call, we are reiterating our Outperform recommendation and leaving our earnings forecasts unchanged, even though we were left feeling more optimistic. After several years of clear underperformance, the current valuation of the stock is very depressed. We have faith in the stock’s rerating as market fundamentals show signs of improvement (with the comeback of ...
- Baptiste Lebacq
CGG : Un bon début d’année
>Recommandation Surperformance et OC inchangé à 0.9€ - Post publication et conférence call, nous réitérons notre recommandation Surperformance et laissons inchangée notre séquence de prévisions de résultats même si nous en ressortons avec un sentiment plus optimiste. Après plusieurs années de nette sous-performance boursière, la valorisation actuelle du titre est fortement déprimée. Nous croyons à un rerating du titre alors que les fondamentaux du marché montrent...
- Martin Huseby Karlsen
Shelf Drilling (Buy, TP: NOK40.00) - Focus on re-contracting
Focus for the Q1 report is on revised 2024 guidance following the four Aramco rig suspensions, an update on re-contracting opportunities for those, and progress on an ONGC tender, where it is well placed to extend two incumbents. We consider the 2025e EV/EBITDA of 2.9x and cash flow yield to EV of 15% as compelling. Being among the most leveraged offshore drillers in our coverage, we reiterate our BUY and NOK40 target price.
CGG Announces its Q1 2024 Results
CGG Announces its Q1 2024 Results Very strong start to the year Revenue at $273m, up 30% y-o-y ADJUSTED EBITDAs at $106m, up 58% y-o-y Net Cash-Flow at $30m PARIS, France – May 14, 2024 – CGG (ISIN: FR0013181864), a global technology and high-performance computing leader, announced today its first quarter 2024 non-audited results. Commenting on these results, Sophie Zurquiyah, CGG CEO, said: “I am very pleased with our first quarter performance. At $273m, we delivered the best first quarter revenue since our strategic decision to become an asset light company...
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