Edison Investment Research Limited Edison issues flash on PB Holding (PBH): Net loss of €2.6m in FY23 07-May-2024 / 08:58 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 7 Mai 2024 Edison issues flash on PB Holding (PBH): Net loss of €2.6m in FY23 PB Holding reported FY23 results on 26 April. The company's most important asset, the 5.3% stake in insurer for the mobility sector Bovemij, reported its FY23 results in March. Dividends from this...
Edison Investment Research Limited Edison issues flash on PB Holding (PBH): Bovemij proposes to pay dividend for 2023 06-Dec-2023 / 09:36 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 6 December 2023 Edison issues flash on PB Holding (PBH): Bovemij proposes to pay dividend for 2023 PB Holding reported that the company’s most important asset, car insurer Bovemij, in which it has a 5.3% stake, intends to pay an unexpected special dividend in December...
Edison Investment Research Limited PB Holding (PBH): Bovemij reports a loss in H122 01-Sep-2022 / 08:44 GMT/BST London, UK, 1 September 2022 PB Holding (PBH): Bovemij reports a loss in H122 Bovemij, the unlisted car insurance company in which PB Holding has a 5.3% stake, reported a net loss of €3.8m in H122 versus a net profit of €31.7m in H121. However, Bovemij’s results will not affect PB Holding’s H122 results, which will be reported on 23 September. At the FY21 year end, PB...
Edison Investment Research Limited PB Holding (PBH): The value of PB Holding 24-March-2022 / 07:00 GMT/BST London, UK, 24 March 2022 PB Holding (PBH): The value of PB Holding Stern Groep's shareholders have approved the sale of its operational activities to Hedin. After the sale and the payment of the €14.50/share super dividend, Stern has been renamed PB Holding and strategic options for the remaining 5.1% stake in car insurance company Bovemij will be assessed. The stake has a book value of...
Edison Investment Research Limited Stern Groep (STRN): A strong H1, more emphasis on used/rental 26-Aug-2021 / 07:00 GMT/BST London, UK, 26 August 2021 Stern Groep (STRN): A strong H1, more emphasis on used/rental Stern's 2020 financial and operational restructuring has placed it in a good position to cope with the uncertain car market in 2021. Opportunities to create further shareholder value range from M&A to high dividend pay-outs. We are increasing our EPS forecasts by 10.5% and 9.9% in 2021...
Edison Investment Research Limited Stern Groep (STRN): Lower profitability in Q3 19-Nov-2020 / 08:00 GMT/BST London, UK, 19 November 2020 Stern Groep (STRN): Lower profitability in Q3 Stern reported a 5% reduction in revenues in its Q3 trading update. Profitability lagged, especially because of COVID-19 related effects in workshop utilisation and car repair. Stern did not use the Dutch government support package NOW2 in Q3, but is considering making use of NOW3, which could have an impact on the...
Edison Investment Research Limited Edison Investment Research Limited: Edison issues initiation on Stern Groep (STRN) 13-Oct-2020 / 15:08 GMT/BST London, UK, 13 October 2020 Edison issues initiation on Stern Groep (STRN) Downturns tend to be opportunities to invest in car dealerships, especially those that are likely to emerge stronger. Stern is well positioned to weather the current storm with its significantly restructured organisation. Its valuation is undemanding at 9.8x 2021e P/E and there...