Koninklijke Boskalis Westminster N.V.

Royal Boskalis Westminster is a service provider operating in the dredging, dry and maritime infrastructure and maritime services sectors. Co. is involved in dredging activities and provides a range of maritime services for the offshore energy sector. In addition, Co. provides towage services as well as emergency response and salvage related services. Co.'s main clients are oil, gas and power companies, port operators, governments, shipping companies, international project developers, insurance companies and mining companies. Co. operates on behalf of its clients in over 75 countries across six continents.
  • TickerBOKA
  • ISINNL0000852580
  • ExchangeEuronext Amsterdam
  • SectorConstruction & Materials
  • CountryNetherlands

Analysts

ING
Research Department

Benelux Morning Notes

Boskalis: Sells stake in SAAM Smit Towage. Lotus Bakeries: Full year results for 2018. Staffing sector: French staffing market data - outlook for January weakens further

Bart Cuypers ...
  • Cedric Duinslaeger
  • Guy Sips
  • Wim Hoste

KBC Securities Morning Note 11-2-2019 AKZA NA, BOKA NA, DSM NA, HEIA NA, LOTB BB, SBMO NA

Akzo Nobel: Preview : cost savings & pricing to support 4Q Boskalis: Sale Americas Towage activities DSM: Preview: comps tougher but solid underlying growth Heineken: Preview: top line growth with temporary margin loss Lotus Bakeries: Gradually conquering larger markets SBM Offshore: FY18 Result preview

With a more favourable environment, KON.BOSKALIS WSTM.NV improves to Slightly Positive

KON.BOSKALIS WSTM.NV (NL), a company active in the Heavy Construction 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 January 25, 2019, the closing price was EUR 23.25 and its potential was estimated at EUR 26.35.

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs

KBC Securities Morning Note 24-1-2019 AD NA, BCART BB, BOKA NA, BPOST BB, DIE BB, EURN BB, FUR NA, HAL NA, IBAB BB, IVA FR, MDXH BB, SLIGR NA

Ahold Delhaize: Lifting estimates post 4Q, TP increased to € 26 Biocartis: € 55m equity placement Boskalis: OIL systems go bpost: Sale of Centre Monnaie building / Revised TP D'Ieteren: Launches Electric D’Ieteren solutions (EDI) Euronav: Strong 4Q18 results Fugro: Awarded large geotechnical contract in California Hal Trust: NAV at € 137.42 p.s., down 9.3% y/y IBA: Belgian Healthcare Knowledge Center reports on PT Inventiva: No lack of ambition MDxHealth: SelectMDx vs phi vs mpMRI Sligro: Decent set of numbers

Bart Cuypers

BOSKALIS - KBC Securities Company Note 24-01-2019 - OIL systems go

Hit by a slowdown in its most important segments, Boskalis has had a rough couple of years. After the worse-than-expected 1H18 results, decisive measures were taken to terminate the lower-end activities of the marine transport division. We consider 1H18 to be the turning point, based on: (i) an annual contribution of >€ 25m after this termination (ii) strong growth potential in offshore Oil & Gas after years of postponed investments (with a good position in the recovering FPSO market) and (iii) a cautiously positive shift in on-going dredging tendering activity, with further smaller potential ...

ING
Research Department

Benelux Morning Notes

Boskalis: Sells stake in SAAM Smit Towage. Lotus Bakeries: Full year results for 2018. Staffing sector: French staffing market data - outlook for January weakens further

Bart Cuypers ...
  • Cedric Duinslaeger
  • Guy Sips
  • Wim Hoste

KBC Securities Morning Note 11-2-2019 AKZA NA, BOKA NA, DSM NA, HEIA NA, LOTB BB, SBMO NA

Akzo Nobel: Preview : cost savings & pricing to support 4Q Boskalis: Sale Americas Towage activities DSM: Preview: comps tougher but solid underlying growth Heineken: Preview: top line growth with temporary margin loss Lotus Bakeries: Gradually conquering larger markets SBM Offshore: FY18 Result preview

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs

KBC Securities Morning Note 24-1-2019 AD NA, BCART BB, BOKA NA, BPOST BB, DIE BB, EURN BB, FUR NA, HAL NA, IBAB BB, IVA FR, MDXH BB, SLIGR NA

Ahold Delhaize: Lifting estimates post 4Q, TP increased to € 26 Biocartis: € 55m equity placement Boskalis: OIL systems go bpost: Sale of Centre Monnaie building / Revised TP D'Ieteren: Launches Electric D’Ieteren solutions (EDI) Euronav: Strong 4Q18 results Fugro: Awarded large geotechnical contract in California Hal Trust: NAV at € 137.42 p.s., down 9.3% y/y IBA: Belgian Healthcare Knowledge Center reports on PT Inventiva: No lack of ambition MDxHealth: SelectMDx vs phi vs mpMRI Sligro: Decent set of numbers

Bart Cuypers

BOSKALIS - KBC Securities Company Note 24-01-2019 - OIL systems go

Hit by a slowdown in its most important segments, Boskalis has had a rough couple of years. After the worse-than-expected 1H18 results, decisive measures were taken to terminate the lower-end activities of the marine transport division. We consider 1H18 to be the turning point, based on: (i) an annual contribution of >€ 25m after this termination (ii) strong growth potential in offshore Oil & Gas after years of postponed investments (with a good position in the recovering FPSO market) and (iii) a cautiously positive shift in on-going dredging tendering activity, with further smaller potential ...

Alexander Makar ...
  • Bart Cuypers
  • Jan Opdecam
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

KBC Securities Morning Note 21-12-2018 AED BB, ATEB BB, BEKB BB, BOKA NA, BPOST BB, IBAB BB, INTO BB, MITRA BB, RET BB, TEXF BB, WDP BB

Aedifica: Bulldozering in the 4th country UK Atenor: Sales agreement on The One Bekaert: Write-offs at BBRG to impact performance in 2H Boskalis: Small German acquisition for cable laying activities bpost: Agreement on new CLA / Sale of old Brussels X IBA: Charleroi contract pulls through IO&W: Realisation committed pipeline Mithra: Zoreline progress & UAE licensing agreement Retail Estates: € 50m investment in Belgium Texaf: A first step towards more diversification WDP: Strengthening relations with Carrefour in Romania Telecom: Fall of Belgian gov’t – implications for new entrant

1 director maiden bought

A director at Royal Boskalis Westminster Groep Nv maiden bought 10,000 shares at 24.690EUR and the significance rating of the trade was 76/100. 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 listi...

With a more favourable environment, KON.BOSKALIS WSTM.NV improves to Slightly Positive

KON.BOSKALIS WSTM.NV (NL), a company active in the Heavy Construction 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 January 25, 2019, the closing price was EUR 23.25 and its potential was estimated at EUR 26.35.

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)

Koninklijke Boskalis Westminster N.V. - Proxy report- 15/08/2018

On 3 July 2018, Royal Boskalis Westminster announced that in light of strengthening the Offshore Energy division, the Supervisory Board has decided to increase the Board of Management from three to four members. Therefore, under agenda item 3, the Supervisory Board makes a binding nomination to appoint Mr. B.H. Heijermans, MSc, as new member of the Board of Management for a period commencing on 1 September 2018 until and including the Annual General Meeting of Shareholders in 2022. We have no concerns over the proposed appointment of Mr. Heijermans and recommend approval.

Valérie GASTALDY

Short term view - BOSKALIS WESTMINSTER-CVA : The trend is uncertain.

The trend is uncertain. Prices have recovered and they are starting to display convincing strength. A new bullish trend is attempting to emerge.

Valérie GASTALDY

Analyse court terme - BOSKALIS WESTMINSTER-CVA : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, et ils commencent à montrer une certaine vigueur. Une nouvelle tendance haussière tente de démarrer.

Valérie GASTALDY

Analyse moyen terme - BOSKALIS WESTMINSTER-CVA : Le rebond gagne en vigueur.

La tendance de fond est clairement orientée à la baisse. Le rebond gagne en vigueur. Il est trop tôt pour parler de retournement haussier. La tendance de fond serait remise en cause en cas de franchissement de 33,11 €.

Valérie GASTALDY

Medium term view - BOSKALIS WESTMINSTER-CVA : The bounce is gaining strength.

The background trend is clearly bearish. The bounce is gaining strength. It is too early to qualify this market action as a bullish reversal. The background trend would be questioned should prices rise above €33.11.

Louis AZAIS

Short term view - BOSKALIS WESTMINSTER-CVA : The resistance has been passed.

The trend is still neutral but within that interval prices could head towards the top of the range.Arguments :- The resistance has been passed.- The major resistance is close.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch