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

Cedric Duinslaeger ...
  • Guy Sips
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Ruben Devos

KBC Securities Morning Note 1-11-2018 FFARM NA, GBLB BB, IBAB BB, INGA NA, MTLS US, TWEKA NA, VPK NA

ForFarmers: Impacted by rising raw material and energy costs GBL: Non-eventful Q3, NAV -8% in October IB : News from the Chinese front ING: Beat at many levels in 3Q is a relief Materialise: FY18 will be at higher end of previous guidance TKH Group: Higher sales, lower profit, guidance unchanged Vopak: 3Q18 preview, solid FY19 prospects

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.

ING
Research Department

Benelux Morning Notes

ADO Properties: “Group” play – The saga continues. Aedifica: Sells 50% of resi portfolio at 7% premium. AMG: Remains in the sweet spot with 14% EBITDA beat. ArcelorMittal: 3Q18 EBITDA in line, continues to see favourable conditions. ASM International: 3Q18 results – very strong order intake. Belgian telecoms: Proximus unlimited offers - OBEL well positioned, TNET needs to react. Coima RES: Pavilion financing secured at 1.8%. GBL: cash earnings in-line, discount increasing. IBA: Chinese government to invest in 10 PT systems over 2019 and 2020. Ordina: slight miss due to hired capacity ...

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 €.

Cedric Duinslaeger ...
  • Guy Sips
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Ruben Devos

KBC Securities Morning Note 1-11-2018 FFARM NA, GBLB BB, IBAB BB, INGA NA, MTLS US, TWEKA NA, VPK NA

ForFarmers: Impacted by rising raw material and energy costs GBL: Non-eventful Q3, NAV -8% in October IB : News from the Chinese front ING: Beat at many levels in 3Q is a relief Materialise: FY18 will be at higher end of previous guidance TKH Group: Higher sales, lower profit, guidance unchanged Vopak: 3Q18 preview, solid FY19 prospects

ING
Research Department

Benelux Morning Notes

ADO Properties: “Group” play – The saga continues. Aedifica: Sells 50% of resi portfolio at 7% premium. AMG: Remains in the sweet spot with 14% EBITDA beat. ArcelorMittal: 3Q18 EBITDA in line, continues to see favourable conditions. ASM International: 3Q18 results – very strong order intake. Belgian telecoms: Proximus unlimited offers - OBEL well positioned, TNET needs to react. Coima RES: Pavilion financing secured at 1.8%. GBL: cash earnings in-line, discount increasing. IBA: Chinese government to invest in 10 PT systems over 2019 and 2020. Ordina: slight miss due to hired capacity ...

Stephen Ellis

Dropping Coverage of Groupe Bruxelles Lambert

We are no longer providing equity research on Groupe Bruxelles Lambert. We plan to reinitiate coverage of the holding company in the future with a new analyst. We provide broad coverage of more than 1,400 companies across more than 140 industries and adjust our coverage as necessary based on client demand and investor interest.  ...

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...

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...

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...

MarketLine Department

Groupe Bruxelles Lambert SA - Strategy, SWOT and Corporate Finance Report

Synopsis Groupe Bruxelles Lambert SA - 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. Summary - Detailed information on Groupe Bruxelles Lambert SA required for business and competitor intelligence needs - A study of the major internal and external factors affecting Groupe Bruxelles Lambert SA in the form of a SWOT analysis - An in-depth view of the business model of Groupe Bru...

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...

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.

Jérôme VINERIER

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

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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