Quick Q3 Updates: EVS, Eurokai, Amadeus Fire & More You Can’t Miss!
Hey there, savvy investors! While I tend to take my time when it comes to investing, I’ve gathered some exciting updates from my portfolio for Q3 that I just can’t wait to share. Here’s what’s been shaking things up, in no particular order!
EVS Broadcast
Just recently, EVS pulled back the curtain on their investor day, and let me tell you, the buzz is real! Their business performance is off the charts, and they’re now aiming for the upper end of their revised targets. Plus, they’ve introduced a small share buyback program that’s got investors talking. The presentation is packed with juicy insights, especially about their competitive edge and ambitious plans for capturing market share. Despite being a European small cap, which typically means a quiet stock price, I’m feeling bullish. Analysts are projecting an EPS of 3.03 EUR for 2024, but only 2.56 for 2025. Sure, 2025 doesn’t seem like a blockbuster year, but I believe analysts might be underestimating the potential here. I’ve been buying up shares and getting closer to a full position!
Eurokai
Several weeks back, Eurokai dropped a surprisingly upbeat Q3 trading update, and it’s all in German, but trust me, the news is golden! Container volume is up a fantastic 10% year-to-date, and profits are set to soar even higher thanks to those lucrative storage fees. With a new alliance between Maersk and Hapag coming in 2025, we’re looking at even more growth as they shift significant volumes to Eurokai’s terminals. The only hiccup is a slight delay in the launch of the new Egyptian terminal, but the stock hasn’t budged. I’ve just added a bit more to my position because the future looks promising!
Amadeus Fire
Amadeus Fire already lowered its 2024 guidance back in October due to a sluggish German economy, but here’s where it gets interesting—German activist investor Active Ownership Capital has now staked a claim of about 11.8% in the company! As someone invested in their fund, I view this as a positive development, despite the recent underperformance. Like many German small and mid-caps, Amadeus Fire’s share price has dipped, but I’ve just added a bit more because, honestly, they’ve managed to hold their ground against some serious headwinds.
DCC
DCC has thrown a curveball that caught us all off guard with a bold new strategy update! They’re pivoting to focus solely on energy and exiting the Healthcare and Technology sectors, which, let’s face it, have been lackluster. Their six-month numbers confirm that these sectors weren’t pulling their weight. But here’s the kicker—the market reacted positively, and share prices have seen a nice boost!
Alimentation Couche-Tard
In the latest Q2 earnings report for FY 2024/2025, Alimentation Couche-Tard faced some challenges with a 15% drop in EPS compared to last year. But here’s the kicker—because they’re not based in Europe, the stock price actually went up! Perhaps investors are relieved they finally abandoned the idea of acquiring the Japanese owner of 7-Eleven. I’m still holding on, but with European stocks looking so appealingly cheap, I’m tempted to make a switch!
ABO Energy
ABO Energy recently adjusted their 2024 guidance downward, which isn’t shocking. However, they did announce an extensive portfolio review during investor meetings, which is a step in the right direction:
That said, it might be a bit late to the game considering their previous missteps. I see them as vulnerable in the current uncertain renewable energy landscape, so I decided to cut my losses and sold my shares at around 38 EUR each.
