Rubicon Software Share Discussion Threads

[waldron] 21/11/2024 03:26

Technical analysis trends


Short Term Mid-Term Long Term

Resistance 23.72 26.14 27.40

Support 21.82 21.82 22.22

[waldron] 21/11/2024 00:24

Rubis Taps Advisers Amid Review of Options, Including Sale

November 20, 2024 at 04:22 am

(MT Newswires) -- Rubis (RUI.PA) is working with advisers as it explores various options, including the possibility of divestment following pressure from activist investor, Bloomberg News reported Tuesday, citing people familiar with the matter.

The unnamed sources said the French fuel distributor has been gauging interest by reaching out to potential buyers. The review, however, is still at an early stage and the company may not pursue a deal.

Rubis did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

MT Newswires - 2024

[waldron] 21/11/2024 00:19

Rubis SCA

22.70 EUR −0.18 (0.79%)

Nov 20, 17:35 GMT+1

[waldron] 21/11/2024 00:17

Rubis: big announcement to come?
JB.A. Published on 20/11/2024 at 11:08am

(Boursier.com) - Up by more than 6% at the start of the session, Rubis was only up by 1% at €23.20 at the end of the morning...

According to information revealed last night by Bloomberg, the fuel distributor is considering various options, including a potential sale of the company.

According to people close to the matter quoted by the agency, the group is working with advisers and has contacted potential suitors to assess their interest in Rubis, whose shares have fallen by around two-thirds in the last six years.

Consideration is at an early stage and Rubis may decide not to move, the sources said.

A Rubis representative declined to comment, adding that the company ‘has been the subject of regular rumours in recent months’.

Rubis is worth around €2.4 billion on the stock market.

Portzamparc points out that Rubis' capitalisation has recently fallen back to low levels (PE of 8, Ebit of 7X over 2025).

We seem to be in the early stages of a review, but this could revive interest in the company.

We therefore remain Buy on the shares, with a target price of €33.

Translated with DeepL.com (free version)

[florenceorbis] 15/11/2024 23:13

OUTLOOK

As exposed on 31 October 2024, following:

the recent escalation of conflicts in the Middle East and consequent strong fluctuations in oil prices impacting fuel distribution margins in the short term;

the delayed adjustment in the pricing formula for retail distribution in Kenya;

lower bitumen trading activity;

partially offset by improved financial result and Rubis Terminal disposal capital gain;

Rubis has revised its 2024 financial guidance as follows:

EBITDA: €[675-725]m from €[725-775]m;

Net income Group share (including a €83m net capital gain from Rubis Terminal disposal): €[340-375]m from “stable” vs €354m in FY 2023;

Dividend per share: unchanged i.e., growing vs 2023, in addition to the €0.75 interim dividend related to Rubis Terminal divestment.

[la forge] 06/11/2024 02:46

Rubis announces Q3 2024 sales of €1,630m, up 2% on the same period last year


By Claude Leguilloux Published on 05/11/2024 at 23h24


(Boursier.com) - The Rubis Group has announced Q3 2024 sales of EUR 1,630 million, up 2% on Q3 2023, driven by higher volumes in Africa.

Forecasts for 2024 were revised on 31 October to reflect the sudden change in oil prices, the delay in adjusting the pricing formula in Kenya and the decline in bitumen trading.


An interim dividend of €0.75 per share will be paid on 8 November.

Translated with DeepL.com (free version)

[the grumpy old men] 18/10/2024 16:15

Q3 2024 trading update (market closing)

november| 05

[waldron] 17/9/2024 08:18

Rubis: 2027 ambitions set for Photosol

September 17, 2024 at 02:04 am EDT


Rubis has set 2027 ambitions for its Photosol business, with a secured portfolio of over 2.5 GWp and consolidated EBITDA of 50-55 million euros, including a contribution of around 10% of EBITDA from farm-down initiatives.

The group warns that the lengthening of connection deadlines, mentioned since March 2023, is affecting the commissioning dates of some of its facilities, de facto postponing the announced target of 1 GWp in operation in 2025.

"However, to date, the secured portfolio is consistent with the target of 3.5 GWp of capacity in operation in 2030", it states however.

CercleFinance.com.


MARKET SCREENER

[misca2] 08/9/2024 08:05

Rubis share price falls as Oddo BHF lowers forecasts

The 06 September 2024 at 17:48

The share price falls by more than 10% after the publication of its results.

Following this publication, Oddo BHF has maintained its ‘outperform217; rating on the stock, with a target price reduced from €39 to €35.

Last night, Rubis published net profit down 24% year-on-year (-4% on a like-for-like basis), below Oddo BHF's expectations, which was somewhat surprised by the operating performance of its divisions.

While the 2024 guidance has been confirmed, the analyst has revised his earnings forecasts downwards, with EBITDA down 4% and net profit down 15% on average over 2023-2025 on a like-for-like basis.

The strategy pursued to date is not bearing fruit, which could prompt activist shareholders to step up their pressure’, concludes the broker.

CercleFinance.com.

Translated with DeepL.com (free version)

[waldron] 06/9/2024 03:00

(Boursier.com) - Rubis announces a solid operating performance after a record first half of 2023, helped by continued strong activity in the Caribbean.

The Group highlights strong operating cash flow generation of ME 352, up 6% compared with H1 2023.

Gross operating profit (EBITDA) was €358m, stable versus H1 2023 on a like-for-like basis and down 12% versus H1 2023.

Net profit (Group share) came to €130m, down 4% on a comparable basis and down 24% on H1 2023.


The balance sheet remains healthy at 1.6x corporate net debt.

The 2024 targets are confirmed, with renewed confidence in the payment of a growing dividend.

Translated with DeepL.com (free version)

[waldron] 05/9/2024 17:34

OUTLOOK

After a very solid performance in H1 2024, the Caribbean region will continue to deliver strong growth. Europe positive operating momentum will also continue. The economic situation in Africa remains unstable, in Kenya in particular.

The acceleration of development costs in the Renewable division will weigh on 2024 and 2025 EBITDA, paving the way for future growth.

As a result, the guidance provided to the market for 2024 is reiterated with a Group EBITDA expected to reach €725m to €775m. Net income Group share should remain stable despite the first-time application of the Global Minimum Tax representing an impact estimated between €20m and €25m. Confidence in dividend growth is also renewed.

[waldron] 05/9/2024 17:28

Rubis: H1 2024 Results

September 05, 2024 11:45 ET | Source: Rubis

Share

Paris, 05 September 2024, 5:45pm

Solid operating performance after a record H1 2023, underpinned by a continued high level of activity in the Caribbean

High cash flow generation: Operating cash flow1 at €352m, up 6% vs H1 2023

EBITDA at €358m, stable yoy on a comparable basis2, -12% vs H1 2023

Net income Group share at €130m, -4% on a comparable basis, -24% vs H1 2023

Healthy balance sheet: 1.6x corporate net financial debt/EBITDA3

2024 Guidance reiterated – renewed confidence in dividend growth

On 5 September 2024, Clarisse Gobin-Swiecznik, Managing Partner, commented: “Following a record-breaking 2023, we have delivered strong operational results in the first half of this year.

We achieved strong performance in the Caribbean hampered by challenges in Kenya and Nigeria.

Photosol development is progressing as planned.

These investments, which are crucial for securing future growth are underway.

Our robust cash flow generation reflects the strength of our Group and supports our growing dividend policy.

Despite a few exceptional items affecting our bottom line, I am confident that we will meet our full-year guidance and remain optimistic about the Company’s continued growth and future development.”

[grupo guitarlumber] 05/9/2024 12:12

Rubis SCA

28.78 EUR +0.38 (1.34%)

Sep 5, 13:53 GMT+2

[waldron] 17/8/2024 05:48

Calendar
04/09/2024 - Q2 2024 Earnings Release

[grupo guitarlumber] 17/7/2024 18:01

Upcoming events on Rubis

2024-September-05 Q2 2024 Earnings Release

[grupo] 12/7/2024 16:26

Q2 2024 Earnings Release

September-05




Q3 2024 trading update (market closing)

november| 05

[grupo] 12/7/2024 16:22

28.16 euros

[waldron] 11/7/2024 07:47

Euronext Paris 03:45:08 2024-07-11 am EDT



27.94 EUR -0.78%

[grupo guitarlumber] 10/7/2024 08:04

Euronext Paris 03:57:33 2024-07-10 am EDT

27.92 EUR +0.36%

[la forge] 09/7/2024 08:05

Euronext Paris 04:03:44 2024-07-09 am EDT


27.80 EUR +0.07%

[the grumpy old men] 07/7/2024 08:19

Seems to heading towards Support until September


Euronext Paris 11:35:01 2024-07-05 am EDT



27.76 EUR -0.72%

[ariane] 05/7/2024 07:55

Technical analysis trends

Short Term Mid-Term Long Term

Resistance 29.43 34.16 33.74

Support 26.26 22.96 25.74

[florenceorbis] 04/7/2024 11:26

Euronext Paris 07:18:16 2024-07-04 am EDT





27.84 EUR +0.80%

[adrian j boris] 06/6/2024 16:29

1 EUR = 0.9705 CHF



The live Euro to Swiss Franc exchange rate (EUR CHF) as of 6 Jun 2024 at 5:28 PM.

[waldron] 04/6/2024 11:53

Oddo BHF Lifts Rubis PT, Affirms Outperform Rating

June 04, 2024 at 07:46 am EDT

(MT Newswires) -- Oddo BHF on Tuesday raised its price target on French energy operator Rubis (RUI.PA) to 39.00 euros from 36.00 euros and maintained its outperform rating.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: