Coverage stock updates
Don’t forget, amongst the various features and valuation tools within the GrowthRater WebApp are regular commentary updates. Last month’s include the below:
Recent comment updates
| Date | Company | Event |
|---|---|---|
| 17/03/2025 | General Motors Co | Q4 FY24 update: Just as well GM won't have to rely on EV's, at least under Trump |
| 14/03/2025 | BMW | Q4 FY24 update: Consumers starting to pushback, albeit not enough yet to enforce the needed political policy reversals |
| 14/03/2025 | Daimler Truck Holding AG | Q4 FY24 update: FY25 guidance surprisingly upbeat for a freight economic bellwether. Perhaps too ambitious this early! |
| 13/03/2025 | Rubis SCA | FY24 update: Not as bleak as the last downgrade, but neither is it particularly compelling |
| 11/03/2025 | Volkswagen | Q4 FY24 update: Awaiting the day when Europe will embrace market economics, but perhaps not yet! |
| 11/03/2025 | DocMorris AG | Q4 FY24 update: guidance discarded and planned CHF 200m equity raising - Ouch, albeit you were warned! |
| 10/03/2025 | Air France | Q4 FY24 update: 'one-offs' support Q4, but to deliver longer term guidance and TSR may need regime change |
| 08/03/2025 | bioMerieux SA | Q4 & FY24 update: a solid end to FY24, with that momentum c/fwd into FY25 guidance |
| 07/03/2025 | JD.com | Q4 FY24 update: A step up in sales, but not reflected by margins |
| 07/03/2025 | Flutter Entertainment PLC | Q4 FY24 update: Markets needed reminding that a couple of quarterly beats on win margins doesn't equate to a sustainable 'lucky streak' |
| 06/03/2025 | AngloGold Ashanti Ltd | Q4 & FY24 update: A rising gold price, but with the ore reserves often hostage to some unsavoury regimes |
| 06/03/2025 | Havas NV | Q4 & FY24 update: Unbundling a generation's worth of parochial French conglomorate building |
| 06/03/2025 | ProSiebenSat.1 Media SE. | Q4 FY24 update: Eroding legacy media in an ailing German de-industrialisation |
| 06/03/2025 | Rentokil Initial | FY24 update: Perhaps the punishment beating needs to extend further up the Mgt chain to restore the rating |
| 06/03/2025 | ITV | FY24 update: Managed decline |
| 06/03/2025 | Bayer | Q4 FY24 update: Sequential improvement, but from a deep trough |
| 05/03/2025 | Universal Music Group NV | Q4 & FY24 update: Top line maturing, but offset by margin performance, for now! |
| 03/03/2025 | BUNZL PLC | FY24 results update: Pace of acquisitions improves, but marginal ROIC under pressure |
| 28/02/2025 | Warner Bros. Discovery Inc | Q4 FY24 update: Welcomed DTC progress, albeit the rest remains a rodeo |
| 28/02/2025 | Telefonica | Q4 FY24 update: Brazil & a big Dividend, which is about it! |
| 28/02/2025 | Ipsos | FY24 results update: Too early to reach out to a H2 trading improvement |
| 28/02/2025 | WPP | Q4 FY24 results update: AI disintermediation risk |
| 27/02/2025 | Stellantis NV | FY24 results update: another car crash as consumers reject State mandated products |
| 27/02/2025 | Ebay Inc | Q4 FY24 update: You get what you pay for, which is not a lot while user/usage KPI's remain stalled |
| 27/02/2025 | Wolters Kluwer | FY24 results update: On a roll along with the Bureaucratic state, but what happens as DOGE culls the red tape? |
| 27/02/2025 | Deutsche Telekom | Q4 FY24 update: Medium term guidance reiterated and broadly supportive of +3-4% CAGR growth discount range on the stock |
| 26/02/2025 | Danone | Q4 FY24 update: 3-nitrooxypropanol (3-NOP) - safe & effective? |
| 25/02/2025 | Prisa | Q4 FY24 update: big promises on a stretched balance sheet, requires delivery rather than hope at this stage |
| 25/02/2025 | Royal Unibrew | Q4 FY24 update: somewhat underwhelming, as is the growth outlook |
| 25/02/2025 | Middleby Corp | Q4 FY24 update: flipping the script from buyer to seller! |
| 24/02/2025 | Mercedes-Benz Group AG | Q4 FY24 update: German election results in status quo, when change was needed to reverse net zero carnage |
| 20/02/2025 | Grupo Televisa S.A. Common Stoc | Q4 FY24 update: Little evidence that the effort of dissecting these results was worthwhile! |
| 20/02/2025 | Renault | Q4 & FY24 prelims update: Sub-scale player in an industry ploughing into an EV cul de sac |
| 19/02/2025 | Celanese Corp | Q4 FY24 update: flushing out the early knife catchers |
| 18/02/2025 | InterContinental Hotels Group PLC | Q4 FY24 update: What happens when Western Governments stop funding migrant hotel accomodation? |
| 17/02/2025 | Sartorius AG | Q4 FY24 update: juxtaposition in confidence between US & European Pharma |
| 15/02/2025 | NIBE Industrier AB | Q4 FY24 update: "in tune with the times because the transition to a fossil-free society is generally believed to be irreversible." - tell that to Trump! |
| 15/02/2025 | BIO-RAD LABORATORIES INC | Q4 FY24 update: Markets lose confidence in recovery as soft guidance for FY25 pushes this out yet further |
| 14/02/2025 | Nestle | FY24 update: A not unreasonable rating, but lacking a positive trading catalyst to suggest much better in the short term |
| 14/02/2025 | RELX PLC | FY24 update: Investor focus on AI, but keep an eye on RFK's interest in Journal conflicts of interest and possible investigations |
| 13/02/2025 | Orange SA | Q4 & FY24 update: +LSD guidance, with a commensurate GrowthRating |
| 13/02/2025 | Telecom Italia | Q4 FY24 update: On track, albeit still some way to go - for the patient perhaps! |
| 13/02/2025 | Kraft Heinz Co | Q4 FY24 update: Bleak outlook not improved by appointment of RFK as HHS Secretary |
| 13/02/2025 | Barrick Gold Corp | Q4 FY24 update: Mali seizure provides a salutary reminded of the political risk |
| 13/02/2025 | Interpublic Group of Companies Inc | Q4 FY24 update: Proposed acquisition by Omnicom provides a modest step-up in returns, but with limited impact to overall growth discount on the shares |
| 13/02/2025 | CISCO Systems Inc | Q2 FY25 update: Supplying the shovels, rather than mining AI itself |
| 12/02/2025 | Japan Elevator Service Holdings Co Ltd | Q3 FY25 update: Step up in performance after Q2's lull (u/c guidance for FY25 too cautious) |
| 11/02/2025 | DuPont de Nemours Inc | Q4 FY24 update: Interesting longer term proposition, but perhaps not this side of a possible tarriff war |
| 11/02/2025 | BP | Q4 FY24 update: tough trading conditions, as expected, but perhaps ameliorated by the US rejection of climate catastrophism |
| 11/02/2025 | The Coca-Cola Co | Q4 FY24 update: pricey against a slowing earnings outlook |
| Date | Company | Event |