Societe BIC

Societe BIC designs, manufactures and distributes the following consumer products: stationery products, lighters, shavers, and other products. Its stationery products include writing instruments such as ball pens, felt pens, mechanical pencils; marking instruments; coloring and drawing instruments; correction instruments and glues. Co.'s stationery products are sold under the BIC® Kids, Tipp-Ex®, Wite-Out®, Sheaffer® and PIMACO® brands. Its other products segment includes promotional products including notebooks, key rings, magnets, and drinkware; Sport sales (surfboards, windsurf boards, kayaks and sailboats); adhesive labels and adhesive raw materials.
  • TickerBB
  • ISINFR0000120966
  • ExchangeEuronext Paris
  • SectorHousehold Goods & Home Construction
  • CountryFrance

Analysts

Bic Sa: 1 director bought

A director at Bic Sa bought 45,000 shares at 63.718EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Alain William ...
  • Alexandre Iatrides
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hela Zarrouk
  • Jean-François Granjon
  • Martial Descoutures
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/23/2019

We are initiating coverage of Merlin Properties and Colonial, Spain’s top two REITs, with a Buy recommendation. We expect the groups, each with its specific strategic direction, to continue their development in a positive economic climate. - - ...

Cedric Rossi

BIC: Q3 results: BIC vs. lingering weak market trends | NEUTRAL | EUR80(+30%)

BIC - NEUTRAL | EUR80(+30%) Q3 results: BIC vs. lingering weak market trends Stationery and Lighters weighed on Q3 LFL (-0.5%) Lower opex costs have more than offset op deleverage No change to our FY19-20 estimates post PW Difficult fight against all odds

Christophe Chaput

Bic : Q3 earnings close to our forecasts. Neutral recommendation maintained

>Q3 results in line with the warning issued mid-October - Bic reported Q3 earnings close to our expectations and in line with the indications provided by management during its profit warning of 14 October. We note: 1/ a 0.5% decline in sales like-for-like, i.e. € 488m (€ 481.8m estimated). 2/ a 14.3% increase in the underlying operating margin to € 88m (we had forecast € 86.8m), bearing in mind that the underlying operating margin stood at 18%. Over the period, the op...

Christophe Chaput

Bic : Des résultats T3 proches des attentes. Opinion Neutre réitérée

>Des résultats T3 en ligne avec le warning de mi-octobre - Au titre de son T3, le groupe Bic publie des résultats proches de nos attentes et conformes aux indications fournies par le management lors de son profit warning du 14 octobre. Nous retenons ainsi : 1/ une baisse du chiffre d’affaires de 0.5% à base comparable soit 488 M€ (481.8 M€ estimés) ; 2/ une progression du ROC de 14.3% à 88 M€ (nous retenions 86.8 M€) en sachant que la marge opérationnelle courante est...

Christophe Chaput

Bic : Disappointing Q3 (lighters) could lead the group to revise down its full-year estimates. Target price adjusted to € 66 s € 72. Neutral maintained

>Warning on earnings owing to a poor Q3 - In a press release issued on the evening of Friday, 11 October, the Bic group announced that it was revising down its full-year guidance notably for like-for-like sales, which are now forecast between 0% and -2% vs slight growth initially forecast. This trend emerges against a backdrop after a -1.6% contraction l-f-l in interim sales, Q3 2019 sales are likely to decline by 0.5% and 9M 2019 sales by -1.2%. Whilst management me...

Cedric Rossi

BIC: BIC warms on FY19 outlook mainly because of poor US trends | NEUTRAL | EUR80 vs. EUR85 (+23%)

BIC - NEUTRAL | EUR80 vs. EUR85 (+23%) BIC warms on FY19 outlook mainly because of poor US trends Mainly a sales warning... ... As BIC suffers from sluggish underlying market trends We cut our FY19-20 EPS assumptions by c.2% FV reduced to EUR80 vs. EUR85, limited visibility

Bic Sa: 1 director bought

A director at Bic Sa bought 45,000 shares at 63.718EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Alain William ...
  • Alexandre Iatrides
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hela Zarrouk
  • Jean-François Granjon
  • Martial Descoutures
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/23/2019

We are initiating coverage of Merlin Properties and Colonial, Spain’s top two REITs, with a Buy recommendation. We expect the groups, each with its specific strategic direction, to continue their development in a positive economic climate. - - ...

Alain William ...
  • Alexandre Iatrides
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hela Zarrouk
  • Jean-François Granjon
  • Martial Descoutures
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 23/10/2019

...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Hana Maalej

ODDO BHF Small & MIDCAP MORNING NEWS - 10/14/2019

...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Hana Maalej

ODDO BHF Small & MIDCAP MORNING NEWS - 14/10/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Jerôme Bodin
  • Matthias Desmarais
  • Nicolas David
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/31/2019

...

With a more favourable environment, BIC SA improves to Slightly Positive

BIC SA (FR), a company active in the Nondurable Household Products industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date July 19, 2019, the closing price was EUR 67.50 and its potential was estimated at EUR 79.24.

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...

Expert Corporate Governance Service (ECGS)

BIC - AGM and EGM 22 May 2019

GOVERNANCE In May 2018, Bruno Bich resigned as Chairman and Chief Executive Officer and was replaced by his son, Gonzalve Bich, as Chief Executive Officer and Pierre Vareille as Chairman of the Board. As a result, the functions of Chairman and Chief Executive Officer are now separated, allowing us to support the renewal of Gonzalve Bich (resolution 6).  However, we will not support the appointment as a member of the Board of Marie-Aimée Bich-Dufour, Deputy CEO until 31 March 2019, because it is not sufficiently independent and because the Bich family is slightly over-represented on the Board...

Charles Pinel

Bic - Assemblée générale des actionnaires du 22 mai 2019

GOUVERNANCE En mai 2018, Bruno Bich a quitté ses fonctions de Président-Directeur Général et a été remplacé par son fils, Gonzalve Bich, comme Directeur Général et par Pierre Vareille comme Président du Conseil. Par conséquent, les fonctions de Président et de Directeur Général sont désormais séparées, ce qui nous permet de soutenir le renouvellement de Gonzalve Bich (résolution 6). En revanche, nous ne soutiendrons pas la nomination au conseil de Marie-Aimée Bich-Dufour, Directrice Générale Déléguée jusqu'au 31 mars 2019, car celui-ci n'est pas suffisamment indépendant et car la famille Bic...

Bic – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Charles Pinel

Proxy Report - 16/05/2018

The company will dissociate the functions of the Chairman of the Board and the CEO after Bruno Bich’s leaving. We support the candidacy of Pierre Vareille as Chairman of the company, as well as Gonzalve Bich as CEO (resolutions 9 and 10). Due to the lack of a majority of independant members in the Board, and a slight overrepresentation of Bich’s family at the Board, we recommend the opposition to the renewals of Marie-Henriette Poinsot, and the MBD family holding (resolutions 7 and 8). Concerning the executive compensation, Proxinvest regrets a lack of transparency about long-term compensati...

Charles Pinel

Proxy Report - 16/05/2018

Avec le départ de Bruno Bich qui interviendra à la présente assemblée générale, la société dissocie les fonctions de Président du conseil et de Directeur Général. Nous soutenons par conséquent la candidature de Pierre Vareille pour la fonction de Président du conseil, et celle de Gonzalve Bich au poste de Directeur général (résolutions 9 et 10). En raison de l'absence d'une majorité de membres libres de conflits d'intérêt potentiels et d'une légère sur-représentation au conseil de la famille Bich qui est représentée par 5 membres, soit 45,5% du total des sièges, alors qu'elle ne détient que 4...

Matthieu DRIOL

Analyse court terme - BIC : La tendance est haussière.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 83,35 € puis 84,95 €. La rupture de 72,98 € mettrait la tendance en danger.

Matthieu DRIOL

Short term view - BIC : The trend is bullish.

The trend is bullish. Prices are making further progress. The targets are at €83.35 and then €84.95. The break of €72.98 would endanger the trend.

Matthieu DRIOL

Analyse court terme - BIC : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 83,35 € puis 84,95 €. La rupture de 72,98 € mettrait la tendance en danger.

Matthieu DRIOL

Short term view - BIC : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €83.35 and then €84.95. The break of €72.98 would endanger the trend.

Matthieu DRIOL

Analyse moyen terme - BIC : La tendance est baissière.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 84,95 € et que les prix baissent à nouveau vers 70,15 €. La tendance de fond serait remise en cause en cas de franchissement de 84,95 €.

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