Author Topic: TESB.BR - Tessenderlo Group  (Read 70516 times)

skanjete

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Re: TESB.BR - Tessenderlo Group
« Reply #160 on: November 16, 2016, 02:21:59 AM »
Press release out this afternoon saying Tack had gone above 30% ownership.  Doesn't this trigger a takeover bid under belgian takeover law?


Picanol crossed 35% not 30%

cfr. announcement yesterday : Tack controls more than 40% now.


netnet

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Re: TESB.BR - Tessenderlo Group
« Reply #161 on: April 20, 2017, 03:46:58 PM »
It seems as if between Picanol and Tessenderlo, Picanol, aside from liquidity issues, is the still the better company, on a PE and EV/EBITDA and free cash flow basis.  I was thinking of buying a little more of Tessenderlo, but now I think that Picanol is the way to go, with the caveat that Tack is buying Tessenderlo's stock.

Skanjete (or anyone else) did you attend the Picanol annual meeting?

Thoughts?
« Last Edit: April 20, 2017, 04:27:41 PM by netnet »

jimjam

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Re: TESB.BR - Tessenderlo Group
« Reply #162 on: June 02, 2017, 05:45:41 AM »
Anyone aware of why Picanol is up 8% today (currently around 100 eur/share)?
I didn't see any particular news on their site.
Thanks!

A Dhandho Investor

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Re: TESB.BR - Tessenderlo Group
« Reply #163 on: June 02, 2017, 03:08:51 PM »
I saw a quote of the spokesperson of Picanol in the Belgian financial press that they are not aware of a reason for the market reaction today (they did not give any interviews or presentations lately and there is also nothing in the pipeline).

Ofcourse the float of Picanol is very small..

WayWardCloud

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Re: TESB.BR - Tessenderlo Group
« Reply #164 on: March 31, 2018, 07:42:49 PM »
The annual report is out.
 https://www.tessenderlo.com/EN/Documents/Annual%20reports/Annual%20report%202017%20ENG.pdf

Tack and Haspeslagh foresee a stagnation of revenues in 2018.
This is despite the many growth investments they've made and the new factories they opened in 2017...
Management seems hard at work deeply reshaping the company's organization, building new factories and doing product R&D.
opinions?

Spekulatius

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Re: TESB.BR - Tessenderlo Group
« Reply #165 on: April 01, 2018, 10:02:06 AM »
The annual report is out.
 https://www.tessenderlo.com/EN/Documents/Annual%20reports/Annual%20report%202017%20ENG.pdf

Tack and Haspeslagh foresee a stagnation of revenues in 2018.
This is despite the many growth investments they've made and the new factories they opened in 2017...
Management seems hard at work deeply reshaping the company's organization, building new factories and doing product R&D.
opinions?

 Chemicals and particularly their markets (fertilizer, constructions tubes) are cyclical, especially with respect to margins ). I think most chemical companies in Europe expect a down year in terms of profits for Y2018.
To be a realist, one has to believe in miracles.

patsyluck

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Re: TESB.BR - Tessenderlo Group
« Reply #166 on: April 05, 2018, 07:21:41 AM »

I see there has been some more insider buying of Tessenderlo by Picanol

https://www.trivano.com/aandeel/tessenderlo-group.227.insiders

Libs

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Re: TESB.BR - Tessenderlo Group
« Reply #167 on: August 22, 2018, 12:18:56 PM »
Half year results are out, stock is down 4%.

It's getting interesting at ~14 X earnings.

https://assets.tessenderlo.com/press/Documents/PR%202Q18%20HY18/2018%20PR%20Tessenderlo%20Group%20HY18%20results%20English.pdf
My username is not a political statement.....and I'm too lazy to change it.

Libs

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My username is not a political statement.....and I'm too lazy to change it.

skanjete

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Re: TESB.BR - Tessenderlo Group
« Reply #169 on: March 14, 2019, 09:36:33 AM »
This is really cheap at E.V./EBITDA of 6, low debt and at an cyclical low.