Telenet Group Holding NV

Telenet Group Holding is a holding company. Through its subsdiairies and its broadband network, Co. is engaged in the provision of cable television, including television services, broadband internet and telephony services to residential subscribers in Flanders and certain communes in Brussels as well as broadband internet, data and voice services in the business market throughout Belgium and parts of Luxembourg. In addition, Co. is engaged in the provision of mobile telephony services through a mobile virtual network operator partnership with Mobistar NV.
  • TickerTNET
  • ISINBE0003826436
  • ExchangeEuronext Brussels
  • SectorMedia
  • CountryBelgium

Analysts

Bart Cuypers ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs

Morning Note: AGFB BB, ELI BB, FAGR BB, TNET BB

Agfa: Investigating the sale of a part of Agfa HealthCare Elia Group: Public consultation Ventilus Fagron: The Cedrosa plan Telenet: BCA approves acquisition of De Vijver Media

ING
Research Department

Benelux Morning Notes

ABN AMRO: 1Q19 preview –needs closer analysis. AMG: 5Y EBITDA target of US$350m provides solace for disappointing 2019F. Euronext: 1Q19F results - Oslo Stock Exchange offer. KBC: Preview 1Q19F – uneventful quarter. PostNL: preview of 1Q19F results and CMD; expected to be a positive trigger. Royal Dutch Shell: Delivery on targets continues. Telenet Group: Better sales on ARPUs, sequential KPI improvement, in line EBITDA

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

Morning Note: ASIT BB, BALTA BB, BCART BB, COFB BB, OPTI BB , ELI BB, FFARM NA, INGA NA, KDS NA, MTLS US, SMAR BB, TNET BB, UCB BB

ASIT biotech: CFO appointed. Last treatment visit in repeat phIII Balta: Preview 1Q – easy margin comparable Biocartis: Issuance of € 125m in convertible bonds Cofinimmo: 2nd in a row - € 50m investment in Germany Crescent: Postponement of FY18 results till 20 May Elia Group: Belgian development plan and renewal TSO status ForFarmers: 1Q19: temporary unfavourable purchasing positions ING: 1Q 19: Costs and Fees not supporting guidance yet Kiadis: Phase III and debt repayment weigh on cash burn Materialise: On track to meet its financial guidance for FY19 Smartphoto group: Start of a share buy-b...

Telenet Group Holding NV - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Telenet Group Holding NV: Update following 2018 results

Our credit view of Telenet, reflecting the company's modest leverage, as well as the increasingly difficult competitive and regulatory environments.

Telenet Group Holding NV - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Telenet Group Holding NV: Update following 2018 results

Our credit view of Telenet, reflecting the company's modest leverage, as well as the increasingly difficult competitive and regulatory environments.

Telenet Group Holding NV - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Telenet Group Holding NV: Key Facts and Statistics - Q2 June 2018

A summary company profile, detailing Telenet Group Holding NV’s business operations and financial highlights.

Telenet Group Holding NV - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Bart Cuypers ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs

Morning Note: AGFB BB, ELI BB, FAGR BB, TNET BB

Agfa: Investigating the sale of a part of Agfa HealthCare Elia Group: Public consultation Ventilus Fagron: The Cedrosa plan Telenet: BCA approves acquisition of De Vijver Media

ING
Research Department

Benelux Morning Notes

ABN AMRO: 1Q19 preview –needs closer analysis. AMG: 5Y EBITDA target of US$350m provides solace for disappointing 2019F. Euronext: 1Q19F results - Oslo Stock Exchange offer. KBC: Preview 1Q19F – uneventful quarter. PostNL: preview of 1Q19F results and CMD; expected to be a positive trigger. Royal Dutch Shell: Delivery on targets continues. Telenet Group: Better sales on ARPUs, sequential KPI improvement, in line EBITDA

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

Morning Note: ASIT BB, BALTA BB, BCART BB, COFB BB, OPTI BB , ELI BB, FFARM NA, INGA NA, KDS NA, MTLS US, SMAR BB, TNET BB, UCB BB

ASIT biotech: CFO appointed. Last treatment visit in repeat phIII Balta: Preview 1Q – easy margin comparable Biocartis: Issuance of € 125m in convertible bonds Cofinimmo: 2nd in a row - € 50m investment in Germany Crescent: Postponement of FY18 results till 20 May Elia Group: Belgian development plan and renewal TSO status ForFarmers: 1Q19: temporary unfavourable purchasing positions ING: 1Q 19: Costs and Fees not supporting guidance yet Kiadis: Phase III and debt repayment weigh on cash burn Materialise: On track to meet its financial guidance for FY19 Smartphoto group: Start of a share buy-b...

James Ratzer

Telenet Q4 18 - SFR migrations still the drag to estimates

Telenet’s Q4 results showed decent ARPU trends, but this was offset by higher than expected customer losses as churn on migrating the old SFR customer base is persisting for longer than expected.

ING
David Vagman, CFA

Telenet Group/4Q18 postview: uninspiring outlook/HOLD

We adjust our estimates and TP following the 4Q18 results. We cut our adj. FCF estimates by 7% on average to 2021F, and our TP accordingly from €42 to €39.

1 director sold

A director at Telenet sold 890 shares at 46.710EUR and the significance rating of the trade was 53/100. 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 members a...

Global TMT: TSLA, AVGO, T, VZ, CMCSA, TMUS, ATUS, TNET, ILD, Indonesia

Global TMT: TSLA, AVGO, T, VZ, CMCSA, TMUS, ATUS, TNET, ILD, Indonesia Chris Hoare 0 chris @newstreetresearch.com

TELENET GROUP HOLDING NV sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of TELENET GROUP HOLDING NV (BE), a company active in the Integrated Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 15, 2019, the closing price was EUR 42.22 and its potential was estimated at EUR 46.21.

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...

ING
Hendrik Wiersma ...
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Benelux Credit Digest/Issuer Profiles

Once again, it is with great pleasure that we present the eleventh edition of our Benelux Credit Digest, our annual overview of the key fundamentals and credit metric developments of the most important corporate and financial credits in Belgium, the Netherlands and Luxembourg.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/EDF, ENI, BPCE and Telenet

Under the pressure of the “Yellow jerseys”, French Prime Minister Edouard Philippe, announced a set of energy prices and tax freeze. One of them concerns the increase in electricity prices (25m of French consumers still choose to buy electricity at the regulated price vs. the market price). Due to the ongoing increase in wholesale power prices since the last two years and the need for EDF SA (EDF) to fully recover its costs, an increase of power prices in 2019 and 2020 was initially in discussion before the strikes started. According to the French newspaper Le Figaro, the regulator was looking...

Expert Corporate Governance Service (ECGS)

Telenet Group - AGM and EGM 24 April 2019

In general, Telenet is in compliance with Belgian regulations relating to the organization and procedures of the Annual General Meeting. ITEMS 1 to 8 concern the Annual General Meeting. ITEMS E.1 and E.2 concern the Extraordinary Meeting. in ITEM 4, the board of directors seeks approval of the Company's remuneration report. Since ECGS does not approve the long term incentive plans that do not operate one or more challenging performance conditions, we recommend shareholders to OPPOSE. Under ITEMS 5.1- 5.13, the Company seeks to discharge individual members of the board of directors. In ligh...

Telenet – 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...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 26/04/2017

In general, Telenet is in compliance with the Belgian regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 4, the Board of Directors seeks approval for the Company's remuneration report. Since we have various concerns over the Company's executive compensation structure we recommend opposition.Under ITEMS 6a-6n, discharge of the Board of Directors is sought. As we do not approve of the discharge of Directors who missed more than 25% of the board meetings without adequate justification, we recommend opposing the discarge of Mr. John Porter (ITEM 6d), M...

Valérie GASTALDY

Short term view - TELENET GROUP HOLDING NV : The trend is bullish.

The trend is bullish. The current fall looks like a consolidation. The support at €42.90 could cause a bullish reaction towards €48.80. The break of €42.90 would endanger the trend.

Valérie GASTALDY

Analyse court terme - TELENET GROUP HOLDING NV : La tendance est haussière.

La tendance est haussière. La baisse en cours s'apparente à une consolidation. Le support à 42,90 € pourrait relancer le mouvement haussier vers 48,80 €. La rupture de 42,90 € mettrait la tendance en danger.

Valérie GASTALDY

Analyse court terme - TELENET GROUP HOLDING NV : Les cours progressent encore.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 48,80 €. La rupture de 42,90 € mettrait la tendance en danger.

Valérie GASTALDY

Short term view - TELENET GROUP HOLDING NV : Prices are still making progress.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €48.80. The break of €42.90 would endanger the trend.

Valérie GASTALDY

Analyse moyen terme - TELENET GROUP HOLDING NV : La tendance est incertaine.

La tendance est incertaine. Les Stochastiques sont en zone de surachat. Les cours pourraient se replier jusqu'à 38,95 €.

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