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Aandeel Kendrion NL0000852531

Laatste koers (eur) Verschil Volume
10,100   -0,260   (-2,51%) Dagrange 10,000 - 10,260 16.778   Gem. (3M) 17,6K

Kendrion NV - Dag voor Q3 met gamma ABCtje op de loer!

128 Posts
Pagina: «« 1 2 3 4 5 6 7 »» | Laatste | Omlaag ↓
  1. [verwijderd] 21 december 2010 10:23
    Kendrion ligt alweer een tijdje stil te wachten op de eerste kleine aankoopjes. Het aandeel maakt vaak de laatste week van december een mooie rit. Een mooie kans om nog wat te bodemvissen of de laatste restjes weg te werken!

    Toppers voor 2011:
    Kendrion NV, Wolters Kluwer, KPN, Arseus, ICT, Delta lloyd, Galapagos en Q-Cells op Kt/Mt.
  2. [verwijderd] 23 december 2010 10:20
    De bied weer even aangespannen om de weg omhoog weer te vinden!

    Boekje

    Bied

    3 000 14.550
    1 100 14.475
    1 105 14.275
    1 245 14.270
    4 000 14.200
    1 500 14.100
    100 14.020
    3 031 14.000
    450 13.910
    1 000 13.810

    Laat

    14.675 219
    14.680 500
    14.750 350
    14.770 417
    14.790 218
    14.890 1 100
    14.900 200
    14.950 20
    14.980 150
    15.000 2 786

    Bied 15531 TOTAL
    Laat 5960 TOTAL

  3. [verwijderd] 23 december 2010 11:14
    Dit zijn zijn conclusies:

    Building a track record of high profitable growth Kendrion is building its profile of high growth and profitable technology-driven
    company by reporting solid quarterly results ahead of expectations. Although its comparison base becomes more challenging, we believe that the company has sufficient growth opportunities resulting in high single digit organic EPS growth in the years ahead. We raise our EPS estimates by 38% on average. While the EC fine remains an uncertain factor, valuation multiples are undemanding even when we include a high-fine scenario. We reiterate our Accumulate recommendation.
    Our PT is set at EUR 18, based on a target EV/EBITDA of 6x. If management is able to further build out its high profitable growth track record, we believe that the $target multiple can expand to 8x.
     Kendrion finalized its focus strategy in 2008, transferring from a conglomerate into a dedicated electromagnetic components and systems company. The business profile changed into a high growth and highly profitable technology driven company.
    Although the economic downturn in 2009 disturbed trends, recent results are confirming this ‘new’ profile. Sales are already at pre-crisis level while operating margins are at company record levels. Results are beating estimates by far and shareholder value is created again since ROIs have substantially improved. The company is now gradually building its track record of high profitable growth.

    The company’s growth prospects remain strong. The German order intake for
    plants & machineries continues to grow at high double digit rates. Also clients such as VW, Siemens and Kuka, and competitors such as BorgWarner and Johnson Electric and Sumida, are in general optimistic on market developments, despite the more challenging comparison base. Therefore, we believe, that management’s FY10 guidance of a strong deceleration in growth is too cautious, particularly since the number of working days in 4Q is higher this year.
     We raise our EPS estimates by 38% on average on the back of an increased topline and margin estimates, reflecting the increased confidence in Kendrion’s growth profile. As FY10 operating margins are already high, we expect growth to derive increasingly from sales expansion. In our view, Kendrion has sufficient room to grow top-line organically. Market share gains, international expansion, entering new
    (adjacent) segments and cross selling should continue to push organic sales growth at its historical growth rate of c. 9% per annum for the mid term. In our estimates, we do not include any new acquisitions. The new credit facilities provides sufficient room for small to mid-sized acquisitions (for c. EUR 50m sales).
    Management does not rule out a share issue for larger acquisitions.
     We reiterate our Accumulate recommendation on Kendrion. As the company
    continues to fill in its growth track record, current valuation multiples are undemanding. The EC fine remains an uncertain factor, impacting the risk profile.
    However, EV/EBITDA multiples FY11E of 5.3x to 5.8x based on a higher EC fine scenario remains very attractive related to the growth potential. We set a new PT of EUR 18 based on an EV/EBITDA multiple of 6x. If management is able to further build a track record of low double digit EPS growth, we believe the target multiple could be expanded to 8x. Share price catalysts are new acquisitions, positive German industry figures and another strong set of numbers at the 4Q10 and FY10 report.

  4. [verwijderd] 29 december 2010 10:28
    14,90 (+1,64%) alweer met mooie potentie die er na de 15 euro is, zie het laatboekje! Voor shufflelaars en LT beleggers een mooie kans om een flinke opwaartse trend voort te zetten. Met ABN Amro en SNS met koersdoelen van 18 euro moet dat wel lukken!

    Laat Kendrion NV

    15.000 1 786
    15.150 500
    15.155 300
    15.500 775
    15.550 20
    15.750 70

    mvg,

    DoC.
  5. [verwijderd] 3 januari 2011 10:43
    En de 16 euro is in zicht!

    Bied
    651 14.905
    4537 14.900
    946 14.855
    4651 14.850
    1100 14.735
    300 14.660
    2092 14.650
    600 14.520
    300 14.480
    1000 14.400

    Laat
    15.000 500
    15.155 300
    15.160 1 100
    15.475 295
    15.500 555
    15.750 70
    15.790 65
    15.800 500
    15.830 50
    16.000 400


    Bied 16177 TOTAL

    Laat TOTAL 3835

    DoC.
  6. [verwijderd] 11 januari 2011 12:21
    15,00 euro + 0,23 (1,56%)

    Heb zojuist de bied aangespannen en het kopen kan weer beginnen. 15 euro is een shuffleweerstandje, maar als we hier eenmaal doorheen schieten kan het heel hard gaan, zie begin van dit draadje o.a.

    15.000 1 600
    15.010 1 000
    15.280 50
    15.300 300
    15.500 555
    15.700 300
    15.750 70
    15.780 50

    mvg,

    DoC.
128 Posts
Pagina: «« 1 2 3 4 5 6 7 »» | Laatste |Omhoog ↑

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