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Thomas Vranken
  • Thomas Vranken

Fagron FIRST LOOK: Deep-dive into Fagron's warning letter

Following a conference call with management and a readthrough of the warning letter regarding Fagron's Wichita site, our assessment confirms that the issues highlighted in the letter refer mainly to observations that were already known to and being addressed by Fagron since last summer. While the language used by the FDA in the letter is strong, we interpret this in a broader context of the regulator raising the bar on quality standards in the pharmaceutical compounding industry. Three topics we...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Fagron: FDA warning letter received for Wichita

Hilde Van Boxstael ... (+3)
  • Hilde Van Boxstael
  • Thomas Vranken
  • Wim Lewi
 PRESS RELEASE

Fagron updates on FDA communication regarding the June 2024 inspection...

Fagron updates on FDA communication regarding the June 2024 inspection at Wichita Regulated information – inside informationNazareth (Belgium)/Rotterdam (The Netherlands), 23 Dec 2024 – 7AM CET Fagron updates on FDA communication regarding the June 2024 inspection at Wichita Following the FDA’s routine inspection at Fagron’s Wichita facility conducted in June 2024, the Company received a warning letter from the FDA (Warning Letter) on December 19, 2024. The Warning Letter requires Fagron to enhance processes for investigating discrepancies, and validations of future manufacturing ca...

 PRESS RELEASE

Fagron verschaft een update over de FDA-communicatie met betrekking to...

Fagron verschaft een update over de FDA-communicatie met betrekking tot de inspectie in Wichita in juni 2024   Gereglementeerde informatie – voorwetenschap Nazareth (België)/Rotterdam (Nederland), 23 december 2024 – 7:00 CET Fagron verschaft een update over de FDA-communicatie met betrekking tot de inspectie in Wichita in juni 2024 Na de routine-inspectie van de FDA van de vestiging in Wichita in juni 2024, ontving de Vennootschap op 19 december 2024 een waarschuwingsbrief van de FDA (Warning Letter). De waarschuwingsbrief verplicht Fagron om de processen voor het onderzoeken van afwi...

D`ieteren Group: 1 director

A director at D`ieteren Group bought 10,152,313 shares at 133.617EUR and the significance rating of the trade was 86/100. 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 ...

Guy Sips ... (+12)
  • Guy Sips
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Kristof Samoy
  • Lynn Hautekeete
  • Michiel Declercq
  • Sharad Kumar S.P
  • Thibault Leneeuw
  • Thomas Couvreur
  • Thomas Vranken
  • Wim Hoste
  • Wim Lewi

Dynamic Top Pick List How to start 2025?

On this Friday the 13th we select for you 13 stocks to start 2025 with a bang : ABN Amro, Ackermans & van Haaren, Bekaert, D'Ieteren, EVS, Fagron, Fugro, Gimv, Melexis, Shurgard, Sofina, WDP and Xior However, we maintain a defensive stance in our Benelux selection at the start of 2025.. The long anticipated interest rate cuts by central banks are expected to continue their decline into 2025 (see graph above). However, the Trump election victory in the US hits European stocks even before he tak...

Reg Watson ... (+2)
  • Reg Watson
  • CFA

Avantium/Four of a kind/BUY

We update our Avantium financial model to account for the latest round of fundraising which has brought in additional financing of c.€46m via four separate instruments. Our target price remains unchanged at €9.57 and we maintain our BUY recommendation.

Usama Tariq ... (+2)
  • Usama Tariq
  • Wim Gille
Guy Sips ... (+7)
  • Guy Sips
  • Hilde Van Boxstael
  • Jacob Mekhael
  • Kristof Samoy
  • Michiel Declercq
  • Thomas Vranken
  • Wim Lewi

Morning Notes : OPTI BB, DIE BB, CMBT BB, GLPG NA, HYL BB, UCB BB, CTP...

: OPTI BB, DIE BB, CMBT BB, GLPG NA, HYL BB, UCB BB, CTPNV NA

Michiel Declercq
  • Michiel Declercq

D'Ieteren Special General Meeting Approves extraordinary dividend of €...

On Friday, D'Ieteren Group's special general meeting approved the distribution of an extraordinary gross dividend of € 74 per ordinary share and € 9.25 per profit share. D'Ieteren Group will go ex-dividend on 10 December 2024, with the record date on 11 December 2024. Payment of the dividend will take place as from 12 December 2024. Deducting the dividend from our valuation, we derive a post-dividend SOTP valuation of € 281ps. After applying a 20% holding discount, we derive a new TP of € 225ps....

Mahaut Arnaud ... (+3)
  • Mahaut Arnaud
  • Paul de Froment
  • Thomas Mordelle

Avantium: EUR46m funding successfully secured

Yesterday, Avantium announced that it has secured a debt financing package of up to EUR35.1m in the form of debt facilities and a shareholder convertible loan. This has been complemented by an ABB of EUR11.2m. This successful operation provides Avantium with a total financing package of EUR46.3m, s

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Avantium: Christmas (Round) Robin. dsm-firmenich: A lot of hot air about Bovaer®. Fastned: JV confirmed with Places of London. Shell: JV with Equinor on UKCS. Staffing: Belgium staffing, French govt falls - less growth but fiscal policy less restrictive?

Sharad Kumar S.P
  • Sharad Kumar S.P

Holdings Report - November 2024 KBCS Holdings Universe Returns -3.6% D...

1M Performance - Absolute: During Nov'24 (1M period), the KBCS Holdings Universe posted a return of -3.6% which was mainly driven by single-asset holdings (-6.9%) while multi-asset holdings posted a slightly less negative return of -2.2%. The 3 top performers during the period were D'Ieteren Group (+5.4%), Gimv (+5.1%) and KBC Ancora (+0.6%) while the 3 worst performers were Compagnie du Bois Sauvage (-10.1%), Heineken Holding (-9.6%) and Quest For Growth (-7.5%). YTD Performance - Relative: O...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

D'Ieteren: Belgian Nov car registrations down 15.3%, VW down 28% on tough comps. Dutch insurance – maths on buyouts post Achmea Life JV with Sixth Street

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Ageas: Circling around Direct Line, Aviva edges ahead. D'Ieteren: TVH distribution footprint restructured in Belgium. Dutch insurance - Achmea Life JV with PE firm, aiming to take 20% of Dutch buyouts. Elia: FY24 guidance up. Prosus: 1H25 Preview. Renewi: Macquarie is back. Sif Group: First monopile rolls out of new factory

 PRESS RELEASE

Disclosure of notification received from FMR LLC

Disclosure of notification received from FMR LLC Regulated information Nazareth (Belgium)/Rotterdam (The Netherlands), 26 November 2024 – 6.45 PM CET Disclosure of notification received from FMR LLC Pursuant to the Belgian law of 2 May 2007 regarding the disclosure of major shareholdings in listed companies, Fagron received a notification from FMR LLC. Notification by FMR LLC On 21 November 2024, Fagron received a notification that the shareholding of Fidelity Management & Research Company LLC, a controlled undertaking of FMR LLC, crossed the disclosure threshold of 3% upwards on 18 Nov...

 PRESS RELEASE

Openbaarmaking van kennisgeving ontvangen van FMR LLC

Openbaarmaking van kennisgeving ontvangen van FMR LLC Gereglementeerde informatie Nazareth (België)/Rotterdam (Nederland), 26 november 2024 – 18u45 CET Openbaarmaking van kennisgeving ontvangen van FMR LLC Fagron heeft een kennisgeving ontvangen op grond van de Belgische Wet van 2 mei 2007 op de openbaarmaking van belangrijke deelnemingen in beursgenoteerde vennootschappen van FMR LLC. Kennisgeving van FMR LLC Op 21 november 2024 heeft Fagron een kennisgeving ontvangen dat het aandeelhouderschap van Fidelity Management & Research Company LLC, een onderneming onder controle van FMR LLC,...

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