Healthcare-led Q3 lifts full-year outlook
After a blockbuster Q2 led by the newly-added Healthcare division, Chargeurs’ Q3 results were once again bolstered by the strong sales performance in the health-related activities, this time accompanied by…
In a surprise move, FIPP has deprived FPN shareholders of control over PAMIER SARL
FIPP has taken full control of FPN’s only asset, depriving FPN’s shareholders of the recovery potential linked to building refurbishment or a full redevelopment. This may trigger a long and…
H1: a semester to forget in oil activities
Turnover: €1.5m (-50% yoy) EBITDA: €-1.1m (vs €-0.3m in H1 19) Net income: €-1.3m (vs €-0.5m in H1 19) Net debt: €0.4m Treasury: €0.7m In renewables, nothing new since the…
Beneficiary of battery R&D progress + new funding commitment
Given the delayed start (due to COVID-19) at the respective mining and smelting assets, our 2020 earnings estimates are reset lower. However, as the overall business plans remain unchanged, our…
Strong rebound in Q3, further improvement expected in Q4
Drone Volt has released its Q3 20 figures which showed a strong rebound in activity during this quarter, fuelled by drone deliveries. The third quarter was rich in terms of…
Concretisation of the contract with Aquiline Drones
Drone Volt has announced the signing of the contract with Aquiline Drone for the licensing of Hercules 2 and Altura Zenith along with its camera Pensar in the USA. We…
The verge of a new era for Drones
Drone Volt is a French company specialised in civilian drones for professional use, addressing a wide range of end-market thanks to the combination of its proprietary drone, software and Artificial…
Initiation: Ready to unleash its full potential
Delta Drone is a French company specialised in civilian drones for professional use. It provides a range of professional solutions specifically designed for targeted sectors, as well as related services….
Update 2020
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H1 benefited from asset disposal gains
While the pandemic has delayed the initiation of operations at various assets, Blackstone did well in H1 20 to monetise its under-development Norwegian rare earth metal asset. By virtue of…
H1 behind with limited scars; H2 partial reversion to normal
Tight, reactive management and a strong balance sheet policy saved the day in locked-down times. Management is cautious but the small industrial conglomerate holds the cards for a return to…
Update on the group’s business
Crossject released H1 20 results. Revenues reached €2,086k (vs €1,844k), operating result €-5,632k (vs €-5,873k), and net result €-5,258k (vs €-4,953k). Net cash at the end of H1 20 was…
Name change to highlight development in renewables
Following the general assembly, Dietswell takes the name of the renewables division to become Dolfines. The renewables division is now Dolfines New Energies. This highlights the company’s activities in offshore…
A pivotal year for the Authorisations division
The COVID-19 crisis and the change in Authorisations’ partner have weakened the group and should continue to do so in the short term. We remain, however, confident in the mid/long…
H1: an absolute home run
What Chargeurs has been able to accomplish in the challenging circumstances that marked this H1 is nothing short of remarkable. Quick-witted management and great execution allowed the company to post…
Strategic options to fast track the floater
After the memorandum of understanding signed in April with CIMC Raffles, Dietswell/Dolfines now says it is exploring strategic options in new energies. This is a positive news for the group,…
Important battery R&D progress
Blackstone Resources reported some milestones in its high-potential battery division. These were promising developments – especially given the global economy’s unwavered focus on a clean environment. While competition in the…
Another strong set of results
Swissquote released this morning its numbers for H1 20. These were, once again, above expectations and our own expectations (which were already quite demanding). Guidance is drastically revised upwards with…
H1 20: in for a Danish treat
Cementir Holding announced its H1 results. Revenue was down by only 3.6% due to the good performance in the Nordics, Egypt and Turkey. EBITDA was impacted by non-recurring items of…
Fine-tuning the model prior to H1 results
Our EPS is negatively impacted by the lower activity level and margin assumptions. COVID-19 has had a more widespread impact since we last updated our model, resulting in this sharp…
Bientôt prête pour un nouveau départ
L’amélioration des infrastructures de transport au Nord de Paris se poursuit avec les travaux des lignes ferrées créées dans la perspective des JO de 2024. Au Blanc-Mesnil, à 300m d’une…
More good news again…
Swissquote released this morning a report which confirms management’s previous communication regarding the sharp increase in trading at the beginning of the year. Total revenues for H1 20 are indeed…
FY19: revenues decline, positive environment in renewables
While the dynamic is positive in the renewables activities with the CIMC Raffles partnership and the Marine Energy Alliance collaboration, the low oil & gas prices are taking their toll…
Robust funding, promises in locks & safety
Our target price is mechanically cut by allowing for a c. 23% drop in 2020 revenues and a best guess at zero profits. The small industrial conglomerate entered the COVID-19…