2023-06-02 21:00:19
Uniper (+70%) : After flirting with its lowest this year, the German energy giant confirms its recovery. Last week, the group said it anticipated significant gains on volumes of gas acquired to replace Russian supplies. And as its financial situation improves, Uniper does not consider it necessary to appeal again to the German government to bail out its coffers. What rekindle speculation on a re-privatization of the company.
Veeva (+20%) : The American publisher of cloud solutions dedicated to the the pharmaceutical industry unveiled quarterly results that beat expectations. The group also announced encouraging prospects for the second quarter and raised its revenue and profit forecasts for the rest of the year. It should also be noted that Veeva benefits from favorable recommendations from all analysts and that it has just announced a partnership with the Belgian biopharmaceutical company UCB on clinical trials.
Chewy (+19%) : The online specialist in pet products also does better than expected in the last quarter, in terms of profit and income. The group, which announces that it will enter the Canadian market this year, has also raised its annual revenue forecasts, beyond the consensus of analysts. Chewy also won a lawsuit this week against the US Occupational Safety and Health Administration.
Start (+15%) : We remain in animal care with Dechra Pharmaceuticals. The British group of Veterinary Pharmaceuticals has received and accepted a £4.46 billion takeover offer from Freya Bidco, a company backed by Swedish private equity group EQT and sovereign wealth fund Abu Dhabi Investment Authority. At the end of the transaction, scheduled for the end of 2023 or the beginning of 2024, the pharma will be delisted in London.
Softbank (+15%) : The recent bullish wave linked to Artificial Intelligence has driven the action of the Japanese group on the rise. The tech investor, which is preparing to IPO chip designer Arm, is taking advantage of the semiconductor frenzy and news of a collaboration with Nvidia on its new data centers.
FLOPS
Dr. Martens (-11%) : Difficult context for the British manufacturer of boots Dr Martens, which reveals disappointing annual results, including a pre-tax profit down 26%. The group says it faces several headwinds: a bottleneck at its Los Angeles distribution center that affected its deliveries, increased impairment of systems investments, and a £10.7 million charge related to currency translation on its euro bank debt . However, he announces income up 10%, the payment of a dividend and that he will buy back shares of at least 50 million pounds.
Nexity (-12%) : Already weakened by the rise in interest rates and the tepidity of the current real estate market, the French group is suffering from the unfavorable opinions published by analysts on its situation. AlphaValue notably anticipates a drop in EPS and considers that the payment of a dividend is not relevant. The promoter, who has announced that it will suspend its global expansion and work to reduce its debt, also announces that it will give in its development activities in Poland to local developer Develia for 100 million euros.
Lucid (-17%) : The American manufacturer of electric vehicles announced this week to raise about 3 billion dollars from its main shareholder, the Public Investment Fund of Saudi Arabia. An announcement that displeases the market because Lucid had recently declared that the company’s liquid assets would be sufficient to finance operations at least until the second quarter of 2024. Note that the group is also suffering from the rise in interest rates and a gloomy economic context .
Casino (-20%) : The worries are linked for the French distributor, which hit its historic low yesterday. Already plagued by major financial difficulties, and currently in conciliation proceedings, the group plummeted this week when its CEO Jean-Charles Naouri was placed in custody by the Parisian judicial police, as part of a investigation for price manipulation, private corruption and insider trading between 2018 and 2019.
Dollar General (-20%) : The American specialist in small prices published quarterly results below expectations, with EPS and operating profit down. Weighed down by an uncertain macroeconomic environment and a drop in customer traffic, it also revised its annual outlook downwards. The group has in the process reviewed its copy on the number of store openings this year.
Borussia Dortmund (-28%) : Cold shower for the Dortmund Football Club, which failed to blow the title of the German championship to Bayern. Hopes had pushed the stock to highs last week, but the team’s sporting performance disappointed even investors.
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