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Cette analyse a été commandée et financée par l’entreprise concernée et constitue donc un avantage non-monétaire mineur tel que défini par MIFID2

Dolfines

CR
Bloomberg   ALDOL FP
Ingénierie lourde  /  France  Web Site   |   Investors Relation
Capital increase to bring some order
Objectif
Potentiel 629 %
Cours (€) 0,01
Capi (M€) 0,19
Perf. 1S: -15,7 %
Perf. 1M: -50,0 %
Perf. 3M: -88,3 %
Perf Ytd: -97,1 %
Perf. relative/stoxx600 10j: -21,2 %
Perf. relative/stoxx600 20j: -51,3 %
Target Change23/11/2022

Capital increase slashes the valuation

Changement d’Objectif de cours€ 0,07 vs 0,13-45,9 %

Changement de NAV€ 0,14 vs 0,27-48,4 %

Since our last update, Dolfines has continued its capital increase programme with the conversion of the remaining bonds. The conversion of notes resulted in a massive dilution by creating more than 100 million shares (almost doubling), which was reflected in the tanking share price since September 2022. Accordingly, our NAV is severely impacted by the rising number of shares.



Changement de DCF€ 0,12 vs 0,22-45,3 %

The sharp drop in the DCF is subject to the same factors that decreased the NAV. We are, however, expecting higher revenues next year, driven by successful acquisitions and awards by the French government.



Mises à Jour

23 nov. 22 Target Change
Capital increase slashes the valuation

28 sept. 22 Target Change
Costly financing cuts the target price

26 sept. 22 Question de financement
Dolfines dans la tempête du refinancement

31 mars 22 Autres News / Commentaires
Un bon début d’année

11 janv. 22 Autres News / Commentaires
Pré-qualification pour les futurs appels d’offres ...

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