Update on the strong variations of the day: OPA on Micro Focus





Why did he go up? Why down? Some explanations on the unusual variations which affect the actions on the session of the day on the European places. Only when they are reliable and documented: we avoid telling nonsense as much as possible. Variations are taken at the time of writing the article.

Rising

  • Micro Focus (+91%): The Canadian Open Text will buy the British for 532 GBp per share, twice its price the day before.
  • Installco (+10%): SEB Equities goes from holding to buying, targeting 70 SEK.
  • AB SKF (+6%): The activist fund Cevian Capital rises to more than 5% of the round. The presence of this type of fund often acts as an electric shock, and sometimes causes strategic upheavals.
  • Ramsay Générale de Santé (+6%): The group published sharply higher annual results. The stock does not seem troubled by news from its Australian parent company, Ramsay Health Care, which revealed that KKR withdrew its $15 billion all-cash offer and replaced it with a hybrid, cash and equity proposal. of Ramsay General Health. Ramsay Health Care rejected this offer deemed too low.
  • Haleon (+3%) and Sanofi (+2%): A provisional court decision in Florida concerning the Zantac litigation is rather reassuring for GSK, Sanofi and Haleon. It could lead several tens of thousands of plaintiffs to withdraw from the procedure, for lack of being able to join it within the legal deadlines. In any case, this is the opinion of Citi, which explains the renewed interest in the files.

Falling

  • Recticel (-7%): The Belgian group published its results for the first time as a pure insulation company. However, we consider these results to be disappointing, notes ING, especially since management has not provided forecasts for the second half of the year.
  • VGP (-6%): The property company specializing in logistics and the tertiary sector has published results that clearly do not delight investors. VGP specifies that it has compensated for the additional costs of the BTP, but notes that any additional adverse change may not be fully compensated. “We remain cautious and selective in launching new projects to ensure that our development margins remain attractive“, says the company.
  • AP Moller Maersk and Hapag-Lloyd (-3%): Fears about global growth are causing the two European shipping companies to bend.
  • Getlink (-2%): Societe Generale went from holding to selling on the file, valued at EUR 18.30 per share.

Zonebourse.com 2022



Source link -88