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And on we go, turning rocks and kissing frogs within the Belgian inventory market. This batch of 20 randomly chosen shares yielded 4 watch record candidates, amongst them a inventory I owned prior to now.
Thus far, the “Professional Market” is a littlebit disappointing. For lots of the firms there it’s actually arduous to get infromation. However be assured, i received’t surrender simply !! Let’s go:
61. Orange Belgium
Because the title says, this 745 mn EUR market cap inventory is the listed Belgium subsidiary of Orange Group, which owns 77% of the shares.
As many telcos, the inventory seems to be low-cost however has been mainly happening endlessly and carries plenty of debt.
The corporate stopped paying dividends in 2022. That is clearly a inventory for buyers who can endure. “Move”.
62. Fairness Banque Commerciale de Congo (Professional Market)
This fascinating Professional Market inventory is certainly a Financial institution within the Republic of Congo, which was a Belgian Colonial territory a few years in the past. it truly trades from time to time, final time in Might 2023.
TIKR says it has a market cap of 30 mn EUR and trades at a P/E of two.
They really do have an IR web site in french language with reviews. Nonetheless, the financial institution appears to have been merged with one other entity within the meantime and the reviews don’t give any info of what one share represents and if there are dividends.
If I’d have extra time, this may be one thing humorous to dig in, however so I’ll “cross”.
63. Whitestone Group
Whitestone Group is a 28 mn EUR market cap funding firm. “It additionally invests in small and medium-sized enterprises. The corporate was previously often known as EVADIX SA and adjusted its title to Whitestone Group SA in September 2021. “
The inventory is flatlining since 4 years or so. In keeping with a company doc, there appears to have been a strategic transaction the place a brand new investor referred to as Multifin made an “in variety” fairness enhance and have become the biggest shareholder:
Undecided if that is actually fascinating, however I’ll put them on “watch”.
64. D’ieteren Group
I’ve to confess that I’ve been trying ahead to dig into this Belgian, household owned Holdco with a market cap auf 10,5 bn EUR.
What we will see is that D’ieteren is clearly one of many extra profitable Holdcos:
Particularly within the final 4 years, the inventory was fairly on a run up.
D’ieteren runs a few enterprise, amongst others they’re the house owners of Moleskin, a automobile distributor/Vendor in Belgium, PHE, a automobile spare elements distributor, TVH, one other elements distributor and at last Belron, the biggest enterprise which is a sequence of car restore retailers specializing on windshields.
Particularly Belron is a large success during which they personal 50% and so they have grown the corporate considerably over the previous 20 years. An fascinating element is that they employed Carlos Brito as CEO who used to run AmBev.
After the massive share value enhance, the inventory is clearly not low-cost anymore, however they appear to personal some actually good companies, “watch”.
65. GIMV
GIMV is a 1,24 bn EUR market cap funding firm that invests both straight into personal firms or by way of funds.
Trying on the lengthy tarm chart, worth creation is kind of restricted, nevertheless they appear to pay a big dividend:
They appear to have 5 totally different funding platforms/themes. Nonetheless their reporting is kind of complicated and the portfolio appears to be slightly bit “overdiworsified”. The Flemish Governement appears to personal 28%. “Move”.
66. Inclusio SA
Inclusio is a 100 mn EUR market cap actual property firm that focuses on reasonably priced and social housing. As a lot of its actual property friends it has sen higher days. It trades at ~0.5x e book worth however there’s debt and the Authorities of Belgium owns 27%. “Move”
67. BNP Paribas Fortis (Professional Markets)
This Professional MArket inventory truly has traded in 2024. I assume that is by some means the rest of the a part of Fortis who has been taken over after the GFC by Fortis. i didn’t discover helpful infos on this inventory, “cross”.
68. Optimco (Professional MArket)
This inventory has final traded in 2023. Ot appears to be an insurance coverage, however I didn’t discover any monetary info. “Move”.
69. Miko
Miko is a 59 mn ERU market cap firm that reader of my weblog would possibly know. I used to personal the inventory however fortunately offered in 2020 as I used to be involved concerning the Espresso distribution enterprise which had massive publicity to workplaces. Trying again, this was resolution because the inventory went down considerably since then:
Miko, a majority household owned firm, used to run two phase, plastic packaging and low distribution, however they offered the plastic packaging in 2021 to a German competitor.
In 2023, they have been barely worthwhile and loaded up fairly some debt. The stopped to publish English reviews. I believe I’ll nonetheless “watch” however they’re clearly going via very tough occasions. Nonetheless, in the event that they get again anyplace close to historic profitability numbers, the upside can be important.
70. Cumulex (Professional Market)
This can be a inventory that traded final in 2018. I truly discovered investor info, however the firm has no gross sales and appears to be kind of an empty shell. “Move”.
71. Campine SA
Campine is a 100 mn EUR market cap firm that’s lively in particular chemical compounds in addition to steel recycling (Batteries).
The inventory chart exhibits an excellent growth since Covid, with the fill up round 3x:
The corporate is owned 72% by the Hempel household. In keeping with the half yr report, Campine already made ~6,3 EUR EPS per share within the first 6 Months. The specialty chemical phase produces flame retardant materials which is by some means just like my earlier holding Nabaltec. I’m not certain how cyclical their enterprise is, however this seems to be very fascinating total. They’ve fairly first rate English reporting for such a small firm. “Watch”.
72. EMD Music (Professional Market)
This Professional Market inventory appears to be a designer and distributor of musical devices. The inventory traded final in 2018. The corporate truly has an buyers web site, however stopped publishing reviews in 2012. “Move”.
73. Basilix Cert
This 2 mn EU market cap firm in line with TIKR owns a shopping mall and is a subsidiary of KBC Group. “Move”.
74. ALME Make investments (Professional Market)
This Professional Market inventory traded final in 2021. I didn’t discover any info on the corporate. “Move”.
75. Compagnie Fonciere et Immobiliere Belgo Tunisienne NV (Professional Market)
This Professional Market inventory has truly traded just a few days in the past, the earlier commerce was in 2015. In keeping with the title, it appears to be an actual property firm that has a hyperlink to Tunisia. I couldn’t discover a web site. “Move”.
76. Kabelwerk Eupen (Professional Market)
Kabelwerk Eupen is a inventory that truly trades typically on the Professional market. Because the title says, they produce Cables but in addition pipes made out of plastics.
The corporate itself doesn’t share any monetary info, which is sadly because the enterprise itself might be fascinating.. “Move”.
77. Eupen Finanz (Professional MArket)
Actually by coincidence, the random quantity generator picked one other firm from Eupen subsequent. This one traded final in 2015 and I used to be not in a position to find an organization web site. “Move”.
78. Atenor
Atenor is a 272 mn EUR market cap actual property growth firm that clearly has seen higher occasions:
They appeared to have made a giant loss in 2023, cancelled the dividend and did a deeply discounted rights difficulty on the finish of the yr. “Move”.
79. Celyad Oncology SA
Celyad is a loss making biopharamaceutical penny inventory with a market cap of 15 mn EUR. “Move”.
80. Montea
Montea is a 1,6 bn EUR market cap actual property firm that focuses on logistics parks. The inventory riced clearly additionally suffered, however doesn’t look distressed like different actual property gamers:
However even logistics doesn’t actually make me , so I additionally “cross” right here.
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