Revenue growth above expectations
Revenue growth accelerated above expectations at constant scope in Q2 18 (+6.9% following +4.9% in Q1 18). Growth was driven by the international markets which benefited from the signature of…
Boosted growth and earnings ahead
We are initiating coverage of EasyVista with a Buy recommendation. The group offers a successful ITSM (IT service management) software solution. Reinforced staff and management should allow EasyVista to capture…
A convertible bond and potential options for existing shareholders
Crossject announced the principle of granting of free options (“BSA”) to existing shareholders (to compensate for the fact the ones granted in February could not be exercised) as well as…
CA S1 18 et plan stratégique 2018-22
genOway a publié un CA pour le premier semestre de €4.9m (vs €5m en S1 17), en raison de la compétition plus vive sur le marché académique évoquée à l’automne…
Oil wastes turned into green gold ?
Ecoslops turns oil slops into traditional oil products and makes for a cleaner planet in the process. Its pocket sized refinery like process, first set up in Sines (Portugal) has…
One stone, many great birds
Chargeurs’ first significant acquisition looks to tick all the right boxes: strategically perfect, better use of capital and giving a fresh twist to its hitherto low growth business, Fashion Technologies….
Time to press the power on switch
Now readable energy business model The April 2018 reorganisation (see Worth Knowing) has left Europlasma with a readable business model: it has a technology which is deployed in power…
Inclusion 2017 figures: little change to forecasts
2017 EPS allow for deeper losses, financed by new equity issues. Dilution should stabilize from 2018-H2 onwards. The 2017 earnings recognize additional losses that can be seen as investments as…
Focus on profitability and cash flow generation
The upgrade of the target price is attributable to the upward revision of our 2018 estimates (see the related comments). Prodware had a strong start to the year which is…
Integration of the 2017 accounts
The DCF valuation which is highly theoretical at present is naturally very sensitive to the redevelopment calendar. The nearer we get to redevelopment (our anchorage point is the realisation of…