And on we go together with one other 20 randomly chosen Belgian Shares. This time 3 made it onto the preliminary watch checklist. One phrase on accessing the Skilled MArket: To date evidently not one of the common Brokers that I take advantage of presents entry to the Skilled MArket. From what I’ve seen, only some Belgium based mostly Brokers supply this. I’d have an interest if anybody has expereince buying and selling the Skilled market. Thanks !!!
161. Aliaxis (Skilled Market)
This Skilled Market inventory trades fairly recurrently and, in line with Euronext “is a worldwide chief in superior piping methods for constructing, infrastructure, industrial and agriculture purposes.”
TIKR says the market cap is 2,7 bn EUR. They really publish experiences. 2023 was weaker than 2022, however the firm is sort of worthwhile and the valuation seems fairly low cost based mostly on these numbers with a single digit P/E:
In 2023, they fought a battle with competitor Georg Fischer from Switzerland to take over End Uponor, nonetheless Aliaxis pulled again.
General it seems like in an fascinating firm, the one query I’d have is why they aren’t listed on the common market. “Watch”.
162. Etex (Skilled Market)
This Skilled Market Inventory additionally trades fairly recurrently and is “a worldwide constructing materials producer and pioneer in light-weight building.” in line with Euronext.
Etex points monetary experiences and 2023 appears to have been fairly OK for a building associated enterprise.
TIKR says thatthe market cap is 1,3 bn EUR and that the inventory once more seems low cost, nonetheless the have fairly some debt in comparison with market cap (1bn). “Watch”.
163. Xior
Though Xior feels like Dior, this 1,1 bn EUR market cap firm just isn’t within the Trend trade however an actual property firm specializing in scholar housing throughout Europe. MAybe it’s an fascinating sub section, however it’s too far-off from my experience. “Cross”.
164. Arkimedes Fonds (Skilled Market)
In response to Euronext, this inventory was final traded in MAy 2024 and appears to have misplaced -90% over the previous 4 years. The hyperlink on Euronext goes to a website the place the final information merchandise is from 2016. “Cross”.
165. Diegem-Kennedy
Diegem-Kennedy appears to be a 12 mn EUR market cap actual property certificates. “Cross”.
166. Eurocommercial
Eurocommercial is a 1,2 bn EUR market cap firm that specializes and owns purchasing facilities. It pays a 7.7% dividend however once more it isn’t my focus space. “Cross”.
167. Selection NV
This can be a 3 mn EUR nano–cap that claims to be a “Social Media TV information”. “Cross”.
168. Fimmobel
Fimmobel is a inventory that traded final in June 2023. Because it feels like an actual property firm and there may be not a lot information accessible, I’ll “move”.
169. Titan Cement
Titan Cement is a 2,3 bn EUR Cement firm that initially has been a Greek firm however moved its HQ to Brussels in 2018.
The corporate has carried out fairly properly over the previous 2-3 years, is sort of worthwhile but additionally fairly costly at ~22x P/E:
By some means I couldn’t open information on their web site. “Cross”.
170. Intervest Places of work and Warehouses
This 640 mn EUR market cap firm does precisely what its title says. The corporate appear to be within the technique of taken over by PE agency TPG. “Cross”.
171. VDK Financial institution (Skilled Market)
This appears to be an area financial savings financial institution and trades fairly regilarily, final time in MAy 2024. Additionally they publish an Annual report in Dutch. However, Financial savings Banks are usually not my focus, “move”.
172. Fountain S.A.
Fountain is an 8 mn EUR market cap Nano Cap that “engages within the sale, rental, and provision of machines for hot and cold drinks created from freeze-dried or grain merchandise in in France, Belgium, the Netherlands, and remainder of European International locations.”.
5 out of the final 8 years had been loss making. “Cross”.
173. Sint-Pieters-Leeuw (Skilled MArket)
This appears to be one other Actual Property certificates. It traded final in 2020. “Cross”.
174. Texaf
Texaf is an fascinating 133 mn EUR market cap firm that “develops, owns, and leases actual property properties in Kinshasa. It operates by means of Actual Property, Digital, and Quarries segments. The corporate’s portfolio contains 332 properties, together with 53 villas and 289 residences with a residential space of 62,200 sq. meters; “
Texaf operates solely within the Democratic Republic of Congo, which to my data is sort of distinctive.
Long run worth creation is sort of good, though for the final 10 years the inventory was flat:
There appears to be a majority proprietor concerned. As I have no idea sufficient concerning the Congo, I’ll “move”.
175. Llama Group
Llama is a ten mn EUR market cap firm that “engages within the digital music enterprise worldwide. The corporate presents Winamp, an audio participant; Bridger, a copyright administration resolution for artists; and a variety of digital and music radios comprising varied themed stations.”
It has been loss making for six out of the final 8 years. “Cross”.
176. Flowsparks
Flowsparks is a 52 mn EUR market cap E-learning firm. The inventory has hardly ever traded since February 2023. No 2023 annual report is out there. “Cross”.
177. Immo Beaulieu
Immo Beaulieu is a 1 mn EUR nano cap that regardless of the great title appears to have run into hassle already in early 2020. “Cross”.
178. Lobby (Skilled Market)
That is an Skilled Market inventory that traded final in 2022. Neither Euronext nor TIKR have any data. “Cross”.
179. Bekaert
Bekaert is a 2,1 bn market cap firm whose core merchandise are metal wires which might be utilized in a few purposes comparable to Auto tires or fences. Trying on the chart, long run worth creation clearly has been weak:
Nonetheless the inventory can also be fairly low cost at 8x P/E.
Alex Candy has written a pleasant write up some weeks in the past which I already linked to. The corporate has modified administration in 2019 and since then, issues look a bit higher. They don’t have a lot debt, are returning capital to sharfeholders and the inventory worth had some optimistic momentum. On the adverse facet, Q1 2024 appeared very weak and so they use numerous adjusted numbers. General, this seems like a extremely fascinating boring inventory, so “watch”:
180. Nyxoah
Nyxoah is a 251 mn EUR market cap “medical expertise firm, focuses on the event and commercialization of options to deal with sleep disordered respiratory circumstances. The corporate presents Genio system, a CE-Marked, patient-centric, and hypoglossal neurostimulation remedy to deal with reasonable to extreme obstructive sleep apnea”.
The corporate has some gross sales (5 mn) however is loss making. Not my cup of tea. “Cross”.
