reports
- Sinan Doganli
ODDO BHF Small & MIDCAP MORNING NEWS - 30/01/2024 Date Performance dep...
A date, il nous semble un peu tôt pour pleinement repondérer les Midcaps en raison du timing de la baisse des taux que nos économistes/stratégistes situent à mi-2024, mais : i/ les valorisations (PE 24e : 12,5x - VE/EBITDA 24e : 6,3x) offrent, ponctuellement au moins, des opportunités (décote proche de 30% par rapport aux Large caps), ii/ la croissance attendue est de ~4% (CA 24e) et 8% sur l’EBITDA 24e, iii/ l’approche de la détente des taux amorce un changement dans la perception gé...
- Sinan Doganli
ODDO BHF Small & MIDCAP MORNING NEWS - 01/30/2024 Date Performance sin...
To date, we believe it is a bit early to fully reweight midcaps due to the timing of the interest rate cut which our economists/strategists are expecting in mid-2024, but: i/ valuations (P/E 2024e: 12.5x - 2024e EV/EBITDA: 6.3x) offer, at least occasionally, a number of opportunities (discount close to 30% compared to large caps), ii/ expected growth is at ~4% (2024e sales) and 8% in 2024e EBITDA and iii/ the approach of easing interest rates initiates a change in the general risk per...
- Sinan Doganli
Software AG : Q4 results below our expectations on the bottom line
>Digital Business performed better than expected while A&N fell below expectations - This morning, Software AG released its Q4 2023 and full year results. Software AG reported € 312.6m in group revenue for Q4 (-2.0% y-o-y), above our expectations of € 299.6m. The major driver of revenue was the digital business which increased by +14% y-o-y to € 203.9m, +4.9% above our expectations of € 194.4m. But A&N saw a decline of -29% y-o-y to € 69.1m, in line with our expectat...
- Sinan Doganli
- Sinan Doganli
- Sinan Doganli
Software AG : Mosel Bidco SE requests merger squeeze-out of minority s...
>Software AG to be merged into Mosel Bidco SE - In a press release on Friday, Software AG announced that its management board has received a formal request from the Silverlake controlled entity Mosel Bidco SE for a merger squeeze-out. According to Section 62 para. 1 and para. 5 sentence 1 of the German Transformation Act (Umwandlungsgesetz – UmwG) if an acquiring corporation owns at least 90% of the share capital, minority shareholders can be squeezed out for an appro...
- TMT Team
- Sinan Doganli
Software AG : Silverlake to offer to buy remaining SOW shares and Soft...
>Webmethods and Stremsets to be sold for € 2.13bn to IBM - Silverlake has offered to buy all remaining outstanding shares at € 32 per share with the goal of delisting the company. On top of that, Software AG agreed to sell its Webmethods and Streamsets business to IBM for € 2.13bn. Webmethods is an integration and application programming interface (API) management platform and Streamsets a cloud-native data operations and ingestion platform. Together the products...
- Sinan Doganli
CEC CECONOMY AG
ZIL2 ELRINGKLINGER AG
NXI NEXITY SA CLASS A
CEN GROUPE CRIT SA
SDG SYNERGIE SA
EXE EXEL INDUSTRIES SA
INF INFOTEL SA
SWP SWORD GROUP SE
MRN MERSEN SA
LSS LECTRA SA
PGS PGS ASA
A1XA4J CARBIOS SA
BB SOCIETE BIC SA
XIOR XIOR STUDENT HOUSING N.V.
ERA ERAMET SA
FAE FAES FARMA S.A.
VRNL VERNEUIL PARTICIPATIONS
VASTN VASTNED RETAIL NV
CTAC CTAC N.V.
AIXA AIXTRON SE
ARCAD ARCADIS NV
SHOT SCANDIC HOTELS GROUP
WAF SILTRONIC AG
NVG NAVIGATOR COMPANY SA
SMHN SUESS MICROTEC AG
CSM CORBION NV
VLTSA VOLTALIA
LFDE LA FRANCAISE DE L'ENERGIE SA
SOW SOFTWARE AG
SMCP SMCP SA
BFSA BEFESA SA
VOS VOSSLOH AG
ATRY ATRYS HEALTH
DSC1 DUTCH STAR C SHAR
LOCAL SOLOCAL GROUP
FUR FUGRO NV
OVH OVH GROUPE
SPM SAIPEM S.P.A.
FLOW FLOW TRADERS LTD
- Sinan Doganli
CEC CECONOMY AG
ZIL2 ELRINGKLINGER AG
NXI NEXITY SA CLASS A
CEN GROUPE CRIT SA
SDG SYNERGIE SA
EXE EXEL INDUSTRIES SA
INF INFOTEL SA
SWP SWORD GROUP SE
MRN MERSEN SA
LSS LECTRA SA
PGS PGS ASA
A1XA4J CARBIOS SA
BB SOCIETE BIC SA
XIOR XIOR STUDENT HOUSING N.V.
ERA ERAMET SA
FAE FAES FARMA S.A.
VRNL VERNEUIL PARTICIPATIONS
VASTN VASTNED RETAIL NV
CTAC CTAC N.V.
AIXA AIXTRON SE
ARCAD ARCADIS NV
SHOT SCANDIC HOTELS GROUP
WAF SILTRONIC AG
NVG NAVIGATOR COMPANY SA
SMHN SUESS MICROTEC AG
CSM CORBION NV
VLTSA VOLTALIA
LFDE LA FRANCAISE DE L'ENERGIE SA
SOW SOFTWARE AG
SMCP SMCP SA
BFSA BEFESA SA
VOS VOSSLOH AG
ATRY ATRYS HEALTH
DSC1 DUTCH STAR C SHAR
LOCAL SOLOCAL GROUP
FUR FUGRO NV
OVH OVH GROUPE
SPM SAIPEM S.P.A.
FLOW FLOW TRADERS LTD
- Sinan Doganli
Software AG : Q3 results above expectations driven by A&N and cost sav...
>Adj. EBITA 96% above our expectations - Q3 Digital Business ARR came in at € 545.1m (+6% y-o-y and +11% y-o-y cc) in line with our estimates of € 545.0m. A&N ARR came in at € 195.9m (+6% y-o-y and 14% y-o-y cc), which is 2.6% above our expectations of € 191.0m. Group revenue increased by 3% y-o-y (+10% cc) to € 228.7m, which is 4.6% above our estimates of € 218.6m. Group revenue growth was driven by better-than-anticipated license sales in the A&N segment, which inc...
- Pelham Smithers
VMW VMWARE INC. CLASS A
PEP PEPSICO INC.
ARM ARM CEMENT LTD
TSLA TESLA INC
PG PROCTER & GAMBLE COMPANY
ORCL ORACLE CORPORATION
NVDA NVIDIA CORPORATION
MCD MCDONALD'S CORPORATION
LRCX LAM RESEARCH CORPORATION
FB FACEBOOK INC. CLASS A
AMAT APPLIED MATERIALS INC.
TSCON TESCO PLC
NFLX NETFLIX INC.
MRVL MARVELL TECHNOLOGY GROUP LTD.
OCDO OCADO GROUP PLC
PGHL PROCTER & GAMBLE HEALTH
7735 SCREEN HOLDINGS CO. LTD
JE. JUST EAT PLC
6501 HITACHI LTD.
4217 HITACHI CHEMICAL COMPANY LTD.
6920 LASERTEC CORP.
6723 RENESAS ELECTRONICS CORPORATION
6701 NEC CORP.
2340 OPTO TECH CORP.
9984 SOFTBANK GROUP CORP.
6857 ADVANTEST CORP.
8035 TOKYO ELECTRON LTD.
SNAP SNAP INC. CLASS A
SAP SAP SE
WMT WALMART INC.
SOW SOFTWARE AG
TKWY JUST EAT TAKEAWAY.COM N.V.
AMZN AMAZON.COM INC.
AMD ADVANCED MICRO DEVICES INC.
AAPL APPLE INC.
MSFT MICROSOFT CORPORATION
AVGO BROADCOM INC.
UBER UBER TECHNOLOGIES INC.
9434 SOFTBANK CORP.
TXG 10X GENOMICS INC CLASS A
1469157D AUTOSTORE
1250307D DARKTRACE LTD
1036057D GINKGO BIOWORKS INC
3IN 3I INFRASTRUCTURE PLC
QCOM/O QUALCOMM INCORPORATED
SNOW SNOWFLAKE INC. CLASS A
AI C3 AI
SHOP SHOPIFY INC. (SHOP)
ROO DELIVEROO PLC
GFS GLOBALFOUNDRIES INC
TSE: 2980 SRE HOLDINGS CORP
4169 JT ENECHANGE LIMITED
- Sinan Doganli
ZIL2 ELRINGKLINGER AG
WTB WHITBREAD PLC
POM PLASTIC OMNIUM SE
TYRES NOKIAN RENKAAT OYJ
ICAD ICADE SA
TIETO TIETOEVRY OYJ
ROYAL VOPAK NV
CIE CIE AUTOMOTIVE S.A.
SHOT SCANDIC HOTELS GROUP
MEL MELIA HOTELS INTERNATIONAL S.A.
NHH NH HOTEL GROUP SA
SOW SOFTWARE AG
VOS VOSSLOH AG
CAF CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
IHG INTERCONTINENTAL HOTELS GROUP PLC
FUR FUGRO NV
- Sinan Doganli
ZIL2 ELRINGKLINGER AG
WTB WHITBREAD PLC
POM PLASTIC OMNIUM SE
TYRES NOKIAN RENKAAT OYJ
ICAD ICADE SA
TIETO TIETOEVRY OYJ
ROYAL VOPAK NV
CIE CIE AUTOMOTIVE S.A.
SHOT SCANDIC HOTELS GROUP
NVG NAVIGATOR COMPANY SA
MEL MELIA HOTELS INTERNATIONAL S.A.
NHH NH HOTEL GROUP SA
SOW SOFTWARE AG
VOS VOSSLOH AG
CAF CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
IHG INTERCONTINENTAL HOTELS GROUP PLC
FUR FUGRO NV
- Sinan Doganli
Software AG : Software AG Q2 results – Quarterly results above expecta...
>Slow growth in the Digital Business segment, while A&N came in above expectations - Software AG reported its Q1 results on Monday, 24 July. Digital Business ARR came in at € 527.5m (+10% y-o-y and +12% y-o-y cc) in line with our and consensus estimates of € 530.0m and € 526.9m respectively. A&N ARR came in at € 190.8m (+7% y-o-y and 11% y-o-y cc) which is slightly above our and consensus expectations of € 185.0m and € 181.8m respectively. Group revenue increased by ...
Software AG: 5 directors
Five Directors at Software AG sold 22,440 shares at 32.000EUR. The significance rating of the trade was 65/100. 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 sh...
- Sinan Doganli
- Sinan Doganli
- Sinan Doganli
Software AG : Feedback from annual shareholder meeting of Software AG
>Christian Lucas, chairman of the supervisory board, was not present at AGM - On 17 May we attended the annual general meeting of Software AG in Darmstadt. The meeting covered several important topics, including the takeover bids by Silverlake and Bain, cybersecurity, whistleblowing and compliance, dividends, the acquisition of StreamSets, and various other matters. The chairman of the supervisory board, Christian Lucas and James Whitehurst, as well as the new CRO Jos...
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