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....
Following the departure of one analyst, we terminate the coverage with recommendation of the following issuers: Amadeus IT Group, ams, Delivery Hero, Econocom, HelloFresh, Indra Sistemas, Ingenico, Just Eat Takeaway.com, Korian, Nexi, Outokumpu, Soitec et Worldline. - We intend to resume coverage of some or all of these companies once a new analyst has joined us. In the meantime, we will continue to monitor the newsflow of these issuers in our morning document. - Previous credit o...
Following the departure of one analyst, we terminate the coverage with recommendation of the following issuers: Amadeus IT Group, ams, Delivery Hero, Econocom, HelloFresh, Indra Sistemas, Ingenico, Just Eat Takeaway.com, Korian, Nexi, Outokumpu, Soitec et Worldline. - We intend to resume coverage of some or all of these companies once a new analyst has joined us. In the meantime, we will continue to monitor the newsflow of these issuers in our morning document. - Previous credit o...
INGENICO GROUP : Bilan semestriel du contrat de liquidité au 31 décembre 2020 et résiliation Société Anonyme au capital de 63 713 047 eurosSiège social : 28/32 boulevard de Grenelle75015 ParisRCS Paris : 317 218 758 Paris, le 29 janvier 2021 BILAN SEMESTRIEL DU CONTRAT DE LIQUIDITE RESILIATION DU CONTRAT DE LIQUIDITE INGENICO GROUP annonce, en tant que de besoin, la résiliation du contrat de liquidité confié à Rothschild Martin Maurel (Paris) depuis le 1er janvier 2019 (en conformité avec la décision AMF n°2018-1 du 2 juillet 2018), suite à la radiation des actions Ingenico (...
The COVID-19 pandemic is having a negative impact on Aroundtown´s (AT1) i) hotel rent collection rates, ii) property valuation gains and iii) portfolio expansion, the group having paused its acquisitions. Therefore, we have reduced our estimates on AT1 and our target price to € 7.90 from € 8.40. However, we confirm our Buy recommendation on AT1 as the beginning of the rollout of the COVID-19 vaccine is likely to result in the start of a recovery of the hotel business from H2 2021e onw...
>A multi-activity player in payment services, which counts in France - We organised a Q&A session with Pierre Antoine Vacheron, CEO of Natixis Payments (NP). The payments division is one of Natixis’ four pillars, alongside CIB, insurance and asset management. The activity generates revenue of around € 450m and EBITDA of around € 80m, i.e. a margin of close to 18%. The division regroups BPCE’s processing and acquiring activities and boasts a market share of around 20-...
The COVID-19 pandemic is having a negative impact on Aroundtown´s (AT1) i) hotel rent collection rates, ii) property valuation gains and iii) portfolio expansion, the group having paused its acquisitions. Therefore, we have reduced our estimates on AT1 and our target price to € 7.90 from € 8.40. However, we confirm our Buy recommendation on AT1 as the beginning of the rollout of the COVID-19 vaccine is likely to result in the start of a recovery of the hotel business from H2 2021e onw...
>Un acteur multi-activité dans le paiement, qui compte en France - Nous avons organisé une session de Q&A avec Pierre Antoine Vacheron, CEO de Natixis Payments (NP). La division paiement est un des 4 piliers du groupe Natixis, avec la CIB, l’Assurance et l’Asset Management. L’activité génère un CA d’environ 450 M€ et un EBITDA d’environ 80 M€, soit une marge proche de 18%. L’ensemble regroupe les activités de processing et d’acquiring du groupe BPCE et dispose d’une ...
>Worldline and Nets join the banks that created the project - In a press release (issue yesterday), we learned that French player Worldline and Denmark’s Nets are joining the European Payment Initiative (EPI) and more specifically becoming shareholders in the EPI Interim Company (company in charge of launching the implementation work before the operating company is created). This is an important announcement in our view as this is the first time that non-bank acquirer...
>Worldline et Nets rejoignent les banques créatrices du projet - Dans un communiqué de presse (publié hier), nous apprenons que le français Worldline et le danois Nets deviennent membres de l’initiative européenne des paiements (EPI) et plus spécifiquement actionnaires de l’EPI Interim Company (société chargée de lancer les travaux de mise en œuvre avant de créer la société opérationnelle). Cette annonce est importante selon nous car c’est la première fois que des acq...
Implementation of the squeeze out with respect to the Ingenico shares and OCEANEs following the Worldline's friendly tender offer Implementation of the squeeze out with respect to the Ingenico shares and OCEANEs following the Worldline's friendly tender offer Bezons and Paris, November 13, 2020 In accordance with the notice published today by the Autorité des marchés financiers (AMF), Worldline will implement on November 19, 2020 a squeeze-out with respect to all Ingenico shares which have not been tendered to the tender offer1, i.e., 2,576,195 Ingenico shares representing 4.04% of ...
Mise en œuvre d’une procédure de retrait obligatoire sur les actions et OCEANEs Ingenico à l’issue de l’offre publique amicale initiée par Worldline Mise en œuvre d’une procédure de retrait obligatoire sur les actions et OCEANEs Ingenico à l’issue de l’offre publique amicale initiée par Worldline Bezons et Paris, le 13 novembre 2020 Conformément à l’avis de l’Autorité des marchés financiers publié ce jour, Worldline procèdera le 19 novembre 2020 au retrait obligatoire de toutes les actions Ingenico qui n’ont pas été apportées à l’offre publique1, soit un total de 2.576.195 act...
Worldline: Results of the reopened offer on Ingenico Worldline holds more than 93% of the share capital and voting rights of Ingenico following the reopening of its friendly tender offer Ownership by Worldline following the reopening of the offer: 93.91% of Ingenico's share capital, representing at least 93.05% of voting rights1 99,64% of OCEANEs in circulation Worldline will request the implementation of a squeeze-out Bezons and Paris, November 9, 2020 Following the publication today by the Autorité des marchés financiers (AMF) of the final results ...
Worldline : Résultat de l'offre réouverte sur Ingenico Worldline détient plus de 93% du capital et des droits de vote d’Ingenico à l’issue de la réouverture de son offre publique amicale Détention par Worldline à l’issue de la réouverture de l’offre : 93,91% du capital représentant au moins 93,05% des droits de vote d’Ingenico199,64% des OCEANEs en circulation Worldline demandera la mise en œuvre d’une procédure de retrait obligatoire Bezons et Paris, le 9 novembre 2020 Suite à la publication ce jour par l’Autorité des marchés financiers des résultats définitifs de l’offre...
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