potpourri schreef op 8 augustus 2016 11:27:
PostNL - voor de liefhebbers
ABN " positively surprised by 2017 dividend commitment, impact positive "
BUY TP euro 4,65
the 2q16 results were a mixed bag , where we believe that the positive element will dominate and trigger a positive share price reaction
on the negative there was a shortfall for cash EBIT ( mainly owing to less important International and other divisions) , which dropped by 28% to euro 47 mio, compared to our forecast of 55 mio and consensus of 51 mio, but the company had already cautioned so in Q1 that Q2 would be slightly below the FY trend
company re-iterated the outlook for euro 220/260 m cash EBIT for 2016
we believe that the company's continued commitment and expectation of a dividend in 2017 will be taken as a relief by the market , as concerns about this were the key reason for the share price to be under pressure in recent weeks.
ING: BUY TP 5,30 euro
outcome positive
comfort on the dividend , they can take at least 50bp decline in interest rates and still pay a dividend in 2017
BUY
JEFFERIES BUY price target 5 euro
" discount rate fears overdone, confirming dividend ambitions "
BUY
BOA ( Bank of America / Merill Lynch ):
Neutral
DAVY: OUTPERFORM
Kepler Cheuvreux: Reduce
samenvattend
4 koopaanbevelingen, 1 neutraal, 1 reduce
BUY: PT 5 euro ( 12 maand)