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Edison issues initiation on Zalaris (ZAL): Simplifying HR and payroll solutions

Retrieved on:

Wednesday, April 10, 2024

Zalaris is a leading European provider of comprehensive payroll and HR solutions and services, covering the entire employee lifecycle.

Key Points:

Zalaris is a leading European provider of comprehensive payroll and HR solutions and services, covering the entire employee lifecycle.
The company’s proprietary platform PeopleHub is tailored towards multinational corporations or large and complex single-country projects, the more attractive end of the business process outsourcing (BPO) market.
Margin initiatives are starting to bear fruit, which should drive further cash generation and returns.
Zalaris should continue to grow as it renews contracts with existing customers and wins new business in geographies where it is currently underrepresented relative to the market size.

Edison issues outlook on Greggs (GRG): Showing us how it’s done

Retrieved on:

Wednesday, April 10, 2024

EV, DCF, WACC, Security (finance)

The second full year of Greggs’ five-year growth plan to double revenue by FY26 should be marked down as very successful, especially so given the challenging external environment.

Key Points:

The second full year of Greggs’ five-year growth plan to double revenue by FY26 should be marked down as very successful, especially so given the challenging external environment.
Unlike many consumer-facing companies, high selling price inflation was accompanied by volume growth, leading to good market share gains.
The consumer is responding well to new initiatives to grow revenue in new dayparts and digital channels.
We look for more of the same in FY24, which will be a significant year from a capital investment perspective, and beyond.

Edison issues initiation on ADS-TEC Energy (ADSE): Serving the energy transition

Retrieved on:

Wednesday, April 10, 2024

EVS, VW, DCF, Growth, Elli

ADS-TEC Energy operates in an emerging market serving the changing grid and power management requirements of an electrifying world.

Key Points:

ADS-TEC Energy operates in an emerging market serving the changing grid and power management requirements of an electrifying world.
Its key market at present is for battery-buffered ultra-fast charging systems for electric vehicles (EVs).
Hence, ADS-TEC offers a de-risking investment into the electrification of the energy system, including the growth of EVs through the associated charging infrastructure.
ADS-TEC Energy’s key peers are part of larger international groups (eg Elli is owned by VW) limiting any meaningful comparative valuation.

CPH Chemie + Papier Holding AG (CPH) announces plan to separate Paper business from Chemistry and Packaging activities

Retrieved on:

Wednesday, April 10, 2024

Research, EV, Growth, AG, Extraordinary general meeting, SIX Swiss Exchange, Mass meeting, DCF, CHF, CPH, Pharmaceutical industry

This report is published by Research Dynamics, an independent research boutique

Key Points:

This report is published by Research Dynamics, an independent research boutique
On 20 March 2024, CPH Chemie + Papier Holding AG’s (CPH) Board of Directors announced its intention to separate the Perlen Paper business from the Chemistry and Packaging activities business through spin-off.
It is intended that, following the separation, CPH (excluding the Paper business) shall be renamed CPH Group AG and retain the Chemistry and Packaging divisions.
The spin-off transaction separates the Paper business from the Chemistry and Packaging activities.
Market presence and brand identities will remain consistent, such as Zeochem for Chemistry, Perlen Packaging for Packaging, and Perlen Papier AG for Paper.

Edison issues initiation on Altron (AEL): Rising star

Retrieved on:

Wednesday, April 10, 2024

EPS, DCF, Growth

Altron is a South African-based provider of platforms and IT services, helping businesses transform and operate their IT.

Key Points:

Altron is a South African-based provider of platforms and IT services, helping businesses transform and operate their IT.
As part of the plan to refocus on strategic growth opportunities and to improve profitability, management has set ambitious medium-term profit targets.
The group has made good progress to date, and we forecast a headline EPS CAGR of 21% from FY23 to FY26e.
After a 30% holding company/South Africa discount, we arrive at a valuation of ZAR21.0 per share, 84% above the current share price.

Edison issues outlook on Boku (BOKU): Making the complex simple for global merchants

Retrieved on:

Wednesday, April 10, 2024

DCB, LPM, DCF, Boku, WACC, Growth

EBITDA grew 27% y o y as the company continued to invest in building out its LPM network from a technological and regulatory perspective.

Key Points:

EBITDA grew 27% y o y as the company continued to invest in building out its LPM network from a technological and regulatory perspective.
Boku is trading at a small premium to its peer group on FY24/25 EV/EBITDA multiples.
In a DCF factoring in meeting the targets by FY27, we estimate the shares could be worth 251p.
A growing contribution from Amazon, continued adoption of LPMs and new major merchant sign-ups are the main triggers to achieve this, in our view.

Child Abuse and Sex Trafficking: What You Might Not Know

Retrieved on:

Tuesday, April 2, 2024

Depression, Psychological abuse, Substance abuse, Abuse, Child abuse, Anxiety, Hope, Polaris, Molina Healthcare, DCF, Statistics, Physical abuse, Survivor, Social services, Ecosystem, Curriculum, NCMEC, Toy

This month serves as a powerful reminder that child abuse prevention is not a solitary effort.

Key Points:

This month serves as a powerful reminder that child abuse prevention is not a solitary effort.
On a state level, the statistics for child abuse in Florida in 2023 show concerning trends with reported cases on the rise.
Child abuse and sex trafficking are closely related, with child sex trafficking being a form of child abuse that occurs when a child under 18 is advertised, solicited, or exploited through a commercial sex act.
It is crucial to raise awareness about these interconnected challenges during Child Abuse Awareness Month and recognize the shared vulnerabilities that contribute to these forms of exploitation.

Thesis Launches Bitcoin Economic Layer, Mezo, with $21M Raise Led by Pantera Capital

Retrieved on:

Tuesday, April 9, 2024

Friends, Tim Draper, HODL, News, Take, DCF, BTC, Ecosystem, Pantera Capital, Cryptocurrency

Thesis launches the Bitcoin Economic layer, Mezo, ensuring technology serves the broader economic ambitions of bitcoin holders

Key Points:

Thesis launches the Bitcoin Economic layer, Mezo, ensuring technology serves the broader economic ambitions of bitcoin holders
Mezo closes $21M fundraising led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates, Primitive Ventures, Asymmetric Ventures and Dan Held, DCF God, among others - following a $4M raise led by ParaFi Capital & Nascent in January to support Thesis' development of Mezo
NEW YORK, April 9, 2024 /PRNewswire/ -- Thesis, a venture studio funding and building brands on Bitcoin, today announced the launch of Bitcoin Economic Layer, Mezo, from stealth and also disclosed the closing of a $21M fundraising led by Pantera Capital.
Mezo is a permissionless Bitcoin Economic Layer leveraging a neutral smart contract infrastructure to offer a more diverse range of user-centric applications.
The difference between Mezo's Bitcoin Economic Layer and other "Bitcoin Layer 2" solutions is that Mezo allows users to access real applications that use Bitcoin for everything, enabling a thriving circular economy.
"I'm thrilled to support the Thesis team in bringing Mezo to life as Bitcoin's new economic layer," said Dan Morehead, Founder and Managing Partner of Pantera Capital.

The Walt Disney Company and National Geographic Celebrate Earth Month With New Global Cross-Platform Campaign, ourHOME

Retrieved on:

Monday, April 1, 2024

The Walt Disney Company and National Geographic announced today a new global cross-platform campaign, ourHOME, timed to coincide with Earth Month.

Key Points:

The Walt Disney Company and National Geographic announced today a new global cross-platform campaign, ourHOME, timed to coincide with Earth Month.
ourHOME will touch every area of The Walt Disney Company:
DisneyPlanetPossible.com – Destination detailing actions The Walt Disney Company is taking to protect, restore and celebrate our planet.
All relevant social handles will be celebrating ourHOME all month long, including: @Disney; @Disney+; @NatGeo; @NatGeoTV; @NatGeoWILD; @NatGeoTravel; @Disney; @NatGeoAdventure; @NatGeoDocs.
ourHOME campaign will be part of Disney Earth Month celebrations around the world in major regions in EMEA, APAC and LATAM.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution

Retrieved on:

Wednesday, March 27, 2024

Asset Management, Professional Services, Finance, Bank, BNY Mellon Investment Management, Policy, DCF, Newsroom, BNY Mellon, Fund, BK, Security (finance)

On March 27, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on April 25, 2024, to shareholders of record at the close of business on April 11, 2024.

Key Points:

On March 27, 2024, BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on April 25, 2024, to shareholders of record at the close of business on April 11, 2024.
The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends.
BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
BNY Mellon Investment Management is a division of BNY Mellon, which has $47.8 trillion in assets under custody and/or administration as of December 31, 2023.