Groupe Bruxelles Lambert

Groupe Bruxelles Lambert is a holding company. Through its subsidiaries, Co. operates through the following segments: Imerys, which consists of the Imerys group that operates in four business lines of energy solutions and specialties, filtration and performance additives, ceramic materials, and high resistance minerals; and Financial Pillar, which includes, on the one hand, under investment activities, the companies Sienna Capital, Ergon Capital Partners (ECP), ECP II, ECP III, PAI Europe III, Sagard, Sagard II and Sagard III, Kartesia and Merieux Participations I and II and, on the other hand, under consolidated operating activities, the operating subsidiaries of ECP III.
  • TickerGBLB
  • ISINBE0003797140
  • ExchangeEuronext Brussels
  • SectorFinancial Services
  • CountryBelgium

Analysts

Stephen Ellis

GBL Records Impairment on LafargeHolcim Stake, Continues to Sell Off Stake in Total

GBL reported a consolidated net result of negative EUR 888 million for the first half of 2016; however, cash earnings were relatively stable at EUR 350 million. The negative net result largely resulted from impairments recorded on the LafargeHolcim stake. Adjusted net assets were down slightly compared with the previous year, but the average discount to market value present in the stock price decreased to 21% from 27%, causing the stock to rise during the period. We have updated our sum-of-the-p...

Louis-Clément AZAIS d'UHART

Analyse court terme - GROUPE BRUXELLES LAMBERT : Le pull-back est terminé

Lors de notre dernière analyse court terme (04/08/2016), nous avions opté pour un avis positif. Nous restons positif avec un objectif à 82 € et un niveau d'invalidation à 76,6 €. La tendance haussière se poursuit. Arguments : - Les cours ont fait un pull-back sur le support...

Louis-Clément AZAIS d'UHART

Short term view - GROUPE BRUXELLES LAMBERT : The pull-back is over

In our previous short term analysis (04/08/2016), we were positive. We remain positive with a target at 82 € and an invalidation level at 76,6 €. The bullish trend unfolds. Arguments : - Prices have pulled back to the support level (previously a resistance). The rise is now...

Stephen Ellis

GBL Reports Third-Quarter Results; Shares Fairly Valued

Groupe Bruxelles Lambert reported a consolidated net result of negative EUR 802 million for the first nine months of 2016, up from negative EUR 888 million for the first half of 2016. Cash earnings remained flat at EUR 405 million, despite net disposals during the period. The net results continue to be primarily affected by impairments on the LafargeHolcim stake. Adjusted net assets were up relative to last year, increasing GBL’s stock price during the period, despite an increase in the average ...

Louis-Clément AZAIS d'UHART

Short term view - GROUPE BRUXELLES LAMBERT : The support has been breached.

Our previous opinion was positive. We are neutral. Our invalidation level has been triggered, we turn neutral. Arguments : - The support has been breached.

Stephen Ellis

GBL Records Impairment on LafargeHolcim Stake, Continues to Sell Off Stake in Total

GBL reported a consolidated net result of negative EUR 888 million for the first half of 2016; however, cash earnings were relatively stable at EUR 350 million. The negative net result largely resulted from impairments recorded on the LafargeHolcim stake. Adjusted net assets were down slightly compared with the previous year, but the average discount to market value present in the stock price decreased to 21% from 27%, causing the stock to rise during the period. We have updated our sum-of-the-p...

Stephen Ellis

GBL Reports Third-Quarter Results; Shares Fairly Valued

Groupe Bruxelles Lambert reported a consolidated net result of negative EUR 802 million for the first nine months of 2016, up from negative EUR 888 million for the first half of 2016. Cash earnings remained flat at EUR 405 million, despite net disposals during the period. The net results continue to be primarily affected by impairments on the LafargeHolcim stake. Adjusted net assets were up relative to last year, increasing GBL’s stock price during the period, despite an increase in the average ...

Stephen Ellis

GBL is a holding company acting as an owner to improve the performance of its investments.

Groupe Bruxelles Lambert reported a consolidated net result of negative EUR 802 million for the first nine months of 2016, up from negative EUR 888 million for the first half of 2016. Cash earnings remained flat at EUR 405 million, despite net disposals during the period. The net results continue to be primarily affected by impairments on the LafargeHolcim stake. Adjusted net assets were up relative to last year, increasing GBL’s stock price during the period, despite an increase in the average ...

Stephen Ellis

No Surprises at Groupe Bruxelles Lambert; Shares Fairly Valued

Full-year results at Groupe Bruxelles Lambert brought no surprises. Cash earnings were negatively affected by the divestment of high-yielding stakes in Total and Engie, decreasing close to 5% compared with 2015 to EUR 440 million. Earnings came in at a loss of EUR 458 million owing primarily to recognized impairment charges on LafargeHolcim of EUR 1.7 billion, slightly offset by capital gains resulting from the Total divestment. More representative of GBL's performance, adjusted net assets per s...

Stephen Ellis

Groupe Bruxelles Lambert Reports 1Q Results; Disposes of Engie Exchangeable Bonds

Groupe Bruxelles Lambert's investment portfolio performed well in the first quarter of 2017. The portfolio value increased by EUR 1.3 billion to EUR 15.9 billion for strategic investments and by EUR 98 million to EUR 828 million for its incubator portfolio, as a result of strong price appreciation. Adjusted net assets increased 9% to EUR 18.5 billion, which translates into a growth rate of 22% year over year and a share discount of 26%. The composition of both portfolios remained largely unchang...

Two Directors bought 87,000 shares at between 85.000EUR and 87.170EUR.

Two Directors at Groupe Bruxelles Lambert (New) bought 87,000 shares at between 85.000EUR and 87.170EUR. 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 ...

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...

With a more favourable environment, GROEP BRUSSEL LAMBERT NV improves to Slightly Positive

GROEP BRUSSEL LAMBERT NV (BE), a company active in the Specialty Finance 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, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 6, 2019, the closing price was EUR 86.44 and its potential was estimated at EUR 90.76.

MarketLine Department

Ackermans & Van Haaren NV - Strategy, SWOT and Corporate Finance Report

Summary Ackermans & Van Haaren NV - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Ackermans & Van Haaren NV (AVH) is a construction and investment service provider. It principally focuses on the construction and related services, dredging, environmental services, sale of properties, investment services, leasing of property, engineering services, wealth managemen...

Etude de l'AG du 25/04/2017

Following the resignation of Albert Frère in 2016, the two managing directors, Ian Gallienne and Gérard Lamarche were named Co-CEOs.New nominees to the board this year include Jocelyn Lefebvre a representative of Power Financial BV and Laurence Danon Arnaud, unfortunately only one of whom is independent. Given the absence of a majority independence on the board (28%), we are unable to support the election of Jocelyn Lefebvre to the board (Resolution 5.1.2).Although we note that, the following the election of Laurence Danon Arnaud, there will be one additional independent member on the board (5...

Pauline Delecourt

Groupe Bruxelles Lambert - AGM 23 April 2019

ITEM 4, 5.6: we note that the Company fails once again to disclose the date on which the current statutory auditor, Deloitte Reviseurs d'Entreprises, was appointed. According to the oldest Annual Report available on Company’s website (2007), Deloitte was already the Company's statutory auditor at that time. Hence, we cannot support both proposals concerning the discharge and the renewal of Deloitte's mandate. ITEM 5.2.1, 5.2.2: Given our concerns regarding independence on the board (25% only), we oppose to the elections of Xavier Le Clef and Claude Généreux. ITEM 5.4.2, 5.4.4, 5.4.5, 5.4.6: ...

Louis-Clément AZAIS d'UHART

Analyse court terme - GROUPE BRUXELLES LAMBERT : Le pull-back est terminé

Lors de notre dernière analyse court terme (04/08/2016), nous avions opté pour un avis positif. Nous restons positif avec un objectif à 82 € et un niveau d'invalidation à 76,6 €. La tendance haussière se poursuit. Arguments : - Les cours ont fait un pull-back sur le support...

Louis-Clément AZAIS d'UHART

Short term view - GROUPE BRUXELLES LAMBERT : The pull-back is over

In our previous short term analysis (04/08/2016), we were positive. We remain positive with a target at 82 € and an invalidation level at 76,6 €. The bullish trend unfolds. Arguments : - Prices have pulled back to the support level (previously a resistance). The rise is now...

Louis-Clément AZAIS d'UHART

Short term view - GROUPE BRUXELLES LAMBERT : The support has been breached.

Our previous opinion was positive. We are neutral. Our invalidation level has been triggered, we turn neutral. Arguments : - The support has been breached.

Louis-Clément AZAIS d'UHART

Analyse court terme - GROUPE BRUXELLES LAMBERT : Le support est enfoncé.

Notre précédent avis était positif. Nous sommes neutre. Notre seuil d'invalidation a été déclenché, nous revenons donc à un avis neutre. Arguments : - Le support est enfoncé.

Matthieu DRIOL

Analyse moyen terme - GROUPE BRUXELLES LAMBERT SA : Le support est atteint, il cause le rebond.

La tendance est toujours haussière, son niveau d'invalidation est sous 69,00 €. L'objectif est à 84,20 €.Arguments :- Le support est atteint, il cause le rebond.- La moyenne mobile sert de support.

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