Taking on board the asset disposal
While underlying operating profit metrics are expected to remain under pressure – as progress in the respective divisions remains work-in-progress, 2021 should benefit from the gain on the disposal of …
Buy the dip
Swissquote this morning released some numbers regarding FY2021. Both revenues and pre-tax profit were above guidance and our own expectations which had been in line with guidance. This makes FY2021 …
Kicks off 2022 with investment in digital art museums
Jointly with the group Chevrillon, IDI is buying into digital art museums and exhibitions by acquiring Culturespaces from Engie. A key player in a digitally-led market that is revolutionising art …
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Prequalified in Saudi Arabia for rig inspection
Positive news in oil & gas with this prequalification for rig inspection and acceptance services for Saudi Aramco Drilling. The Middle East has been particularly resilient to the oil crisis, …
Strategic acquisition of Payment Solutions
Keyware is now strengthening its division with a strategic acquisition in Belgium that will greatly expand its portfolio. Keyware announced the acquisition of Payment Solutions, a Belgium player active in …
Updating shares outstanding on potential debt conversion
The NAV and DCF are down as we have updated the conversion of the (€1.5m) green bond issued in January 2021 to the current share price level, with a 20% …
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IDI concludes busy investment year with Ekosport acquisition
Ekosport, a sports equipment and apparel multi-channel distributor, becomes the newest addition to IDI’s high-growth and digitally-led portfolio assets through a primary LBO that sees IDI acquiring a reference minority …
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€8.8m capital increase gives 12 convertible-free months to investors
As the total number of shares will rise from 251.9m to 369.1m (with an acquisition price 15% below the previous market price), the NAV valuation has also been negatively impacted. …
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Second green bond, rig sale resurfaces
The company is issuing a €2m green bond and is separating the conventional and renewable activities. The latter was already announced early last year, yet it seems that the improving …
Battery progress again overshadows operating results
During the H1 21 operating results release, the developments in the battery business again stole the limelight. With tangible progress in battery on various counts – such as financing, commercialisation …
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