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

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Europe & the UK remain in focus The MSCI ACWI ex-U.S. is breaking topside its nearly 14-month downtrend and above key resistance. The move is being fueled by improvements throughout most of Europe and the UK, along with strength in China over the past 2-3 months. We believe these positive developments are supportive of higher equity prices moving forward. As a result of these and several other observations highlighted below, our outlook on global equities is positive. • Europe & the UK. As has been the case over the last several weeks, a major focus of ours within global equities (ex-U.S.) h...

ING
Research Department

Benelux Morning Notes

Ackermans & van Haaren: Sale of HPA leads to capital gain of €105m. AMG, Solvay: Limited impact from 737 MAX issues. Econocom: Final results confirm management intention to refocus, increase FCF. GBL: Decrease in NAV but growing dividends and guidance reiterated. Nyrstar: ‘Capital review will lead to very substantial dilution'. Wessanen: PAI in the sky

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Guy Sips
  • Joachim Vansanten
  • Ruben Devos
  • Thomas Couvreur
  • Wim Hoste

Morning Note: ACKB BB, BREB BB, ECONB BB, FLOW NA, GBLB BB, GREEN BB, NYR BB, WES NA

Ackermans: Agreement in principle on sale of HPA to DomusVi Brederode: Strong FY18 results, driven by PE portfolio Econocom: 2018 results confirmed Flow Traders: Market volatility’s best friend GBL: FY18, higher dividend despite a weak 2018 Greenyard: Presenting the highlights of its Transformation Plan Nyrstar: Bond coupon payment deferral Wessanen: PAI and Jobson offering € 11.5 per share

Cedric Duinslaeger

HOLDING & INVESTMENT COMPANIES OVERVIEW - KBC Securities Sector Flash 07-02-2019 - Post-January Update: Share prices up, yet underperforming the market

GROEP BRUSSEL LAMBERT NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of GROEP BRUSSEL LAMBERT NV (BE), active in the Specialty Finance industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date December 25, 2018, the closing price was EUR 73.54 and its target price was estimated at EUR 69.86.

ING
Research Department

Benelux Morning Notes

Ackermans & van Haaren: Sale of HPA leads to capital gain of €105m. AMG, Solvay: Limited impact from 737 MAX issues. Econocom: Final results confirm management intention to refocus, increase FCF. GBL: Decrease in NAV but growing dividends and guidance reiterated. Nyrstar: ‘Capital review will lead to very substantial dilution'. Wessanen: PAI in the sky

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Guy Sips
  • Joachim Vansanten
  • Ruben Devos
  • Thomas Couvreur
  • Wim Hoste

Morning Note: ACKB BB, BREB BB, ECONB BB, FLOW NA, GBLB BB, GREEN BB, NYR BB, WES NA

Ackermans: Agreement in principle on sale of HPA to DomusVi Brederode: Strong FY18 results, driven by PE portfolio Econocom: 2018 results confirmed Flow Traders: Market volatility’s best friend GBL: FY18, higher dividend despite a weak 2018 Greenyard: Presenting the highlights of its Transformation Plan Nyrstar: Bond coupon payment deferral Wessanen: PAI and Jobson offering € 11.5 per share

Cedric Duinslaeger

HOLDING & INVESTMENT COMPANIES OVERVIEW - KBC Securities Sector Flash 07-02-2019 - Post-January Update: Share prices up, yet underperforming the market

Alan Vandenberghe ...
  • Alexander Makar
  • Cedric Duinslaeger
  • Guy Sips

KBC Securities Morning Note 12-12-2018 COLR BB, GBLB BB, VAN BB, WDP BB

Colruyt: Taking advantage of more benign market GBL: Increases Umicore stake to 18.62% Van de Velde: Marleen Vaesen appointed as new CEO WDP: Repeat business with Auchan in Bucharest

ING
Research Department

Benelux Morning Notes

GBL: Changes to management, BoD. Ontex: Keeps markets dry

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 ...

GROEP BRUSSEL LAMBERT NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of GROEP BRUSSEL LAMBERT NV (BE), active in the Specialty Finance industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date December 25, 2018, the closing price was EUR 73.54 and its target price was estimated at EUR 69.86.

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 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...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Europe & the UK remain in focus The MSCI ACWI ex-U.S. is breaking topside its nearly 14-month downtrend and above key resistance. The move is being fueled by improvements throughout most of Europe and the UK, along with strength in China over the past 2-3 months. We believe these positive developments are supportive of higher equity prices moving forward. As a result of these and several other observations highlighted below, our outlook on global equities is positive. • Europe & the UK. As has been the case over the last several weeks, a major focus of ours within global equities (ex-U.S.) h...

Jérôme VINERIER

Analyse court terme - GROUPE BRUXELLES LAMBERT SA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 78,10 €. La tendance de fond serait remise en cause en cas de franchissement de 87,10 €.

Jérôme VINERIER

Short term view - GROUPE BRUXELLES LAMBERT SA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €78.10. The background trend would be questioned should prices rise above €87.10.

Jérôme VINERIER

Analyse court terme - GROUPE BRUXELLES LAMBERT SA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 78,10 €. La tendance de fond serait remise en cause en cas de franchissement de 87,10 €.

Jérôme VINERIER

Short term view - GROUPE BRUXELLES LAMBERT SA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €78.10. The background trend would be questioned should prices rise above €87.10.

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