While we do not deny the uncertainties and risks associated with artificial intelligence (pricing pressures, organisational change, etc.), we remain constructive on this issue, given the significant volume opportunities in prospect for the sector with the integration of agentic AI. Moreover, improving growth momentum in 2026 should reduce pressure on sector valuations (discount >30% vs Stoxx 600 vs a premium of 10% four years ago). On this basis, we have upgraded Bechtle (Outperform vs Neutral),...
Sans nier les incertitudes et risques liés à l’IA (pressions tarifaires, changements organisationnels, etc.), nous restons constructifs sur cette thématique tant les opportunités de volumes autour de l’intégration de l’IA agentique sont importantes pour le secteur. D’autant plus que l’amélioration de la dynamique de croissance en 2026 devrait permettre de réduire la pression sur les valorisations du secteur (décote >30% vs Stoxx 600 contre une prime de 10% il y a 4 ans). Dans ce contexte, nous r...
Vicat - Liquidity contract situation as of 20251231 Half yearly report on the liquidity contract as of 31/12/2025between VICAT and Kepler Cheuvreux Under the liquidity contract entrusted by VICAT to Kepler Cheuvreux, the following resources appeared in the dedicated liquidity account as of 31/12/2025: 9,539 shares€3,892,143.0 It is hereby noted that Natixis Oddo BHF acted as the market maker under the contract until 31/03/2025. Upon the transfer of the mandate to Kepler Cheuvreux on 01/04/2025, the following resources were recorded in the dedicated liquidity account: 17,619 shares€3,172...
VICAT - Bilan contrat de liquidité au 31/12/2025 Bilan semestriel du contrat de liquidité au 31/12/2025entre VICAT et Kepler Cheuvreux Au titre du contrat de liquidité confié par la société VICAT à Kepler Cheuvreux, les moyens suivants figuraient au compte de liquidité dédié à la date du 31/12/2025 : 9 539 titres3 892 143,0 euros en espèces. Il est rappelé que Natixis Oddo BHF était teneur du contrat jusqu’au 31/03/2025 et que, lors de la mise en place du contrat chez Kepler Cheuvreux le 01/04/2025, les moyens suivants figuraient au compte de liquidité dédié : 17 619 titres3 172 168,3 e...
A director at Vicat bought 3,500 shares at 79.500EUR and the significance rating of the trade was 52/100. 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 clearly showing ...
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