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Small and midcaps: Portzampark unveils its back-to-school high fives – 2022-09-07 at 11:35


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A brand new month begins and with it, the replace of Portzampark’s High Five, this collection of 5 promising common values ​​within the eyes of the evaluation workplace. Although the High Five restricted losses, August didn’t stay as much as its efficiency promise, gaining 3% whereas the CAC Mid and Small index fell 5.4% 12 months-to-date, widening the hole with the reference index which fell 17.6% whereas Portzmparc’s choice rose 11.3%. will get In August, it was ReWorld Media that weighed on general efficiency, declining 9.4%, whereas SSII posted the perfect progress (+4%).

September is subsequently an event for arbitrage: Equasens and Alten substitute Hexaom and SII (which can solely make a short look) whereas Esker, Reworld Media and Roche Bobois stay. Detailed overview.

Also Read: Small and Mid Caps: No Holiday for Portzampark High Five

Small month-to-month reminder for traders not conversant in this choice: it’s equally weighted and reviewed each month. Stocks are chosen utilizing a twin method: glorious fundamentals and quick-time period market potential. Free float have to be greater than 10 million euros. Detailed overview of this summer time’s high fives.

Alten: Buy with a goal value of EUR 143.90

Maxence Dhoury, the analyst who covers the title, has a possibility to grab in “premium titles”: The steadiness sheet is wholesome and the innovation consulting group reveals no indicators of slowing right down to date. After all, “Auto and Aero have barely recovered their pre-Covid exercise and nonetheless have room for enchancment”. Admittedly, we are able to anticipate extra vital price inflation within the second half of the 12 months, however this will probably be partially offset by value will increase and already priced in by the market, whereas valuations are average for the group, which demonstrates “the perfect profitability in a sector”.

Next occasion: 22 September half-12 months outcomes.

Equasens: Buy with a goal value of 104 euros

Accustomed to high fives, the previous Farmest is again. Gaétan Calabro praised the worthwhile progress mannequin of the software program writer for pharmacists and underlined a great internet outcome within the first half. He praised the group’s power within the face of uncertainty, significantly its high visibility, a resilient enterprise mannequin and a monetary construction designed for acquisitions. Of course the valuation is demanding however the downfall of the title is “being exploited”.

Next occasion: 22 September half-12 months outcomes.

Escar: Buy with a goal value of 191 euros

Analyst Nicolas Riot stays agency and suggests: A GARP worth of Escar, perceive progress at an inexpensive value, a worth of progress however at an inexpensive value. The writer of doc dematerialization options is heading for report outcomes whereas its value divided by three is the best…

Next occasion: 14 September 1st half outcomes

ReWorld Media: Buy with a goal value of EUR 10.30

Despite its poor efficiency final month, ReWorld Media remains to be high fived: the primary half is taken into account resilient and the promised acquisition of UniFi has but to converge with the inventory value.

Next Event: twenty first September First Half Results

Roche Bobois: Buy with a goal value of €40

Like ReWorld Media, the world chief in high-end furnishings retains its place within the High Five with a value goal of 40 euros.

Next Event: 29 September First Half Results

Laurent Grassin (redaction@boursorama.fr)

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