reports
- Jehanne Leroy
Grenobloise d'Electronique et d'Automatismes « GEA » - Assemblée Génér...
Conventions réglementées : La société ne communique pas la teneur des missions confiées au Président du Conseil de surveillance pour des missions d’assistance du directoire. Par conséquent, il est toujours aussi difficile pour l’actionnaire d’estimer si la valeur des prestations effectuées est en adéquation avec le montant payé par la société. Les informations sur la superficie des différents locaux ne sont pas communiquées, ce qui ne nous permet pas de vérifier que les baux commerciaux conclu...
- Florian Béchaz
Grenobloise d'Electronique et d'Automatismes « GEA » - Assemblée GÃ...
GEA (Grenobloise d'Electronique et d'Automatismes) est le leader français de la conception, de la production et de la commercialisation de systèmes électroniques et informatiques de perception et de contrôle de péages autoroutiers. Le CA par famille de produits et services se répartit comme suit : - systèmes de péage pour autoroutes et pour parkings (88%) : bornes d'entrée automatiques, voies de sortie manuelles et automatiques, systèmes informatiques de gare et centraux, et systèmes de péages...
- Julien Onillon
G.E.A: Coverage stopped
Following the signature of an exclusive contract of research and financial analysis services between LPE Research and a fund specializing in the intelligent transportation system industry (ITS), in accordance with our conflict of interest policy, we stop our public coverage of G.E.A. and remove the company from our Stock Conviction list.
- Jehanne Leroy
GEA, 27 Mars 2019
La documentation relative aux conventions réglementées n’a pas été disponible dans les délais légaux, la société ayant publié le document contenant le rapport spécial des commissaires aux comptes sur les conventions réglementées 20 jours avant la date de l’assemblée générale. Par ailleurs, on notera que la société propose un renouvellement en bloc de ses admnistrateurs, pratique inacceptable ayant disparu conformément à la recommandation 13.2 du Code AFEP-MEDEF. La société justifie cette déroga...
GEA Group – Proxinvest Corporate Governance Rating ® : C
Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to a...
- Julien Onillon
G.E.A: FY 09/2018 results
As we expected, for the 5th consecutive year, G.E.A. recorded a decrease in profits over its fiscal year. The company, which is facing a sluggish market in France, managed to increase its sales thanks to an international sales offensive but, to do so, had to lower prices and margins. The operating margin, which stood at 15.8% the previous year, contracted by more than 300 basis points! Even more worryingly, G.E.A.'s order book has again fallen sharply. The order book, which was down in the...
- Julien Onillon
G.E.A, Q3 2018 Sales and company visit
G.E.A. reported an increase in sales for its fiscal year and over the third calendar quarter. Not restated for deferred income, the toll systems company's sales increased by nearly 20% over 12 months and almost doubled in the last quarter. Although it is important to be cautious (the restatement of deferred income may have a significant impact on final revenues), these good figures reflect a good level of delivery and lead us to revise upwards our earnings estimates for the year.
- Julien Onillon
G.E.A, Sell Conviction
G.E.A, a French microcap specialized in highway toll collection equipment, does not communicate much and appears completely disinterested in its share price. Its accounts, however, are readily available and anyone who takes a look at them will necessarily contemplate a huge investment opportunity. The company achieved an EBITDA margin of nearly 20% in 2017, generated more than EUR 8 million in free cash flow and now has a net cash position of more than EUR 80 million... But capitalizes only EUR...
Proxy Report - 30/03/2018
Pour la première fois cette année, la société était tenue de soumettre au vote des actionnaires la politique de rémunération de ses dirigeants pour l'exercice social à venir (vote ex-ante). Il semble que l'objet même de ce vote soit confus car la société propose à ses actionnaires d'approuver les principes et critères applicables à la détermination, à la répartition et à l’attribution des éléments fixes, variables et exceptionnels composant la rémunération totale et les avantages de toute nature...
Ford Equity International Rating and Forecast Report
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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