Eight months ago Carax-Alphavalue held the view that Gamesa was fully priced ahead of it falling into the Siemens bag. This opinion proved correct only for the following two months. Another six months on and the Spanish wind-turbine manufacturer is looking decidedly expensive at €21.5, even though they have upgraded their target price on the back of a strong 2016 delivery.
OHL will more than quadruple its Ebitda to 1.009 billion euros in 2017, increasing sales by 30% to 5.027 billion from a year earlier, according to estimates prepared by the company for its Investor Day and sent to the Stock Market Regulator (CNMV).
José Benito de Vega | Axiare has outperformed the other listed Socimis, as well as the IBEX-35 since it made its market debut in July 2014. The rise in the company’s NAV per share has reflected this upbeat trend, increasing over 30% in three years.
Indra’s digital transformation unit Minsait is giving a new boost to the construction of solutions with great innovative content in the realm of smart cities through its participation in the European R&D program Smart Cyber Physical Systems Engineering (CPSE) Labs.
Spanish automotives parts’ manufacturer Gestamp will make its stock market listing on April 7. The preliminary price range is 5,60-6,70 euros, which values the company at 3.540 billion euros at the middle range. The operation will be positive for the Spanish bourse, where there are not a lot of industrial companies.
Analysts at Carax- Alphavalue have been holding sceptical views as a rule about the benefits of holding stakes in companies held by families or under their influence. However they may have to change their mind thanks to a couple of charts of the relative performance of a universe made of 104 stocks tagged as “under family influence”. They hence provides a list of “family” stocks with a significant upside potential, which includes Spanish Corporación Financiera Alba ranking first, and Acciona fourth.
The merger of Gamesa with Siemens’ wind energy business will be effective from the beginning of April and within the next twelve working days the companies will pay an extraordinary gross dividend of 3,59 euros per share.
Mapfre has successfully placed subordinated bonds with 236 institutional investors from different European countries. The UK and Ireland took up 22% of the total issuance, France 16%, Germany and Austria 14% and Italy 13%.
CIE Automotive ended 2016 eliminating any doubts on its capacity to meet the objectives in its 2016/2020 Strategic Plan. In fact, it has brought forward its target of doubling Attributable Net Profit by one year to 2019.
Daniel Kapellmann | Whereas it took some 10 years to negotiate and enforce a mechanism to strengthen commercial bonds between Canada, the United States and Mexico, today, after 23 years in existence, the North American Free Trade Agreement (NAFTA) may be overrun in just a couple of months.