Talgo: New €550mn order for Germany's DB. TP increased to €6.52

Talgo: New €550mn order for Germany's DB. TP increased to €6.52 Agreement to sell 100 trains to Deutsche Bahn and first order of €550mn for 23 trains An innovative financing scheme We value this new contract at €0.35/share, our new TP is €6.52/share Recommendation

TALGO - Contract with Deutsche Bahn. Recommendation upgrade

Talgo: Latvia suspends a €225mn contract, impact -€0.11/share

Talgo: Latvia suspends a €225mn contract, impact -€0.11/share First sale of its commuter train is suspended We had valued this lost contract at €0.11/share Valuation and recommendation

Talgo: New €225mn agreement to supply commuter trains to Latvia

Talgo: New €225mn agreement to supply commuter trains to Latvia First sale of its commuter train Lower margins than in high speed We value the contract at €0.11/share Valuation and recommendation

TALGO - 3Q18 results. Share buyback of up to EUR100m

With a more favourable environment, TALGO improves to Positive

TALGO (ES), a company active in the Commercial Vehicles & Trucks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date February 15, 2019, the closing price was EUR 5.96 and its potential was estimated at EUR 6.26.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Etude de l'AG du 10/05/2017

In item 4, the Board proposes not to pay cash dividends on 2016 results, and to entirely use the net income to increase voluntary reserves and compensate previous years' losses. In item 5, the Board proposes to distribute a scrip dividend of € 10 millio(approximately € 0.07 per share), giving shareholders the option to receive their dividend, in full or in part, in cash or free shares. Talgo shares are listed on the Spanish stock markets since May 2015. It is the first dividend distribution of the Company. The maximum cash payment resulting from the scrip dividend distribution (if all sharehol...