H1 19: P&L disappoints but cash flow generation is intact
P&L figures disappointed the market. However, cash is king and investors should instead focus on FCF, which was maintained at a good level. Management maintained its guidance for FY 19,…
FY19 sets a sound foundation for growth in 2020
Following a challenging first half of the year, Chargeurs has closed a satisfactory FY19 in terms of revenue growth and sustained operational profitability. The sizeable investments carried out through 2019…
Strategic move towards museum servicing fully established
Chargeurs has taken a major step towards its goal of establishing global businesses in niche markets through the acquisition of D&P Incorporated, the US market leader in museum services. The…
An intriguing battery (materials) play, although execution is the key
Blackstone Resources should soon start benefiting, in cash-flow terms, from the operational start of its mining, smelting and trading assets. While the group, in 2019, made an interesting bet in…
Extra-financing to increase visibility
Crossject announced it has issued zero-coupon convertible bonds (€5.7m) at 92% of their nominal value, maturing on 31 December 2021, convertible at the lowest price between €2.30 and an average…
When cement goes green too
Cementir has announced a €100m additional green investment, and cost-cutting strategies in the ‘Industrial Plan 2022’ during the 9M 2019 results. To promote profitable sustainability, the investment is aimed at…
Green capex should drive EPS higher
In our opinion, the 300bp EBITDA margin improvement by 2022 as well as the back-ended green capex should drive EPS higher as soon as 2020, compared to our previous assumptions….
Reassuring end of year update
Dietswell released a positive end of year update. While the environment remains positive in offshore wind, the group has also signed several significant contracts in oil & gas. It seems…
A €2.6m non-dilutive issue
Crossject has announced it has obtained a €2.6m non-dilutive financing from IdVector Science and Technology, a European investor specialising in long-term non-dilutive financing of technology. The financing takes the form…
Another robust quarterly showing
Q3 revenues are showing robustness even though some of Protective Films’ end markets (Chargeurs’ main business) remain in the slow lane. Q3 sales up 1.7% lfl confirm management’s earlier observation…