Berenberg downgrades BASF to 'Hold' + Norma needs new CEO + Valneva expects sales between EUR 180-190m for 2025 + CTS EVENTIM with record earnings in 2024

Berenberg downgrades BASF $BAS (+0.81%)to 'Hold' because 'peace is almost priced in'

• The private bank Berenberg has raised its price target for BASF from EUR 50 to EUR 52, but downgraded the shares from "Buy" to "Hold".
• Peace in Ukraine would be favorable for falling gas prices, but is already largely priced in after the rally of recent weeks, wrote analyst Sebastian Bray in his reassessment on Monday evening.
• There would also not necessarily be a rapid return to the price level before Russia's attack.
• In addition, the silence of the weapons would not change the sluggish growth in China, where the Ludwigshafen-based company is particularly active

Norma $NOEJ (+1.8%)needs a new boss - Grandi resigns over strategy differences

• The automotive supplier and fastening technology specialist Norma Group has to look for a new boss.
• CEO Guido Grandi has resigned from his position on the Management Board at the end of February 17, 2024 due to strategic differences regarding the future direction of the company, the company announced late Monday evening.
• The current Chairman of the Supervisory Board, Mark Wilhelms, will lead Norma for the transitional period of a maximum of one year.
• His position will be temporarily filled by Kerstin Müller-Kirchhofs.

Valneva $VLA (-1.01%)expects sales of between EUR 180-190 million for 2025

• Reports preliminary unaudited revenues and cash for 2024 and provides outlook for 2025
• Has achieved growth targets for 2024 with revenues (+13% vs. 2023) and total revenues (+10% vs. 2023)
• Outlook for 2025: revenue to increase to EUR 170-180 million
• Reports cash and cash equivalents of EUR 168.3 million at the end of the year
• Total revenue amounted to EUR 169.6 million for the year ending December 31, 2024
• Cash and cash equivalents of EUR 168.3 million as at December 31, 2024
• Outlook 2025: Total revenue expected to be between EUR 180 million and EUR 190 million, investments in research and development between EUR 90 million and EUR 100 million
• Expected research and development investments between 90-100 million in 2025

CTS EVENTIM $EVD (+1.46%): Record result 2024

• Based on the preliminary figures for the 2024 financial year, CTS EVENTIM AG & Co. KGaA continues to record dynamic growth in all business segments.
• The very strong fourth quarter of 2024 ensured that the Group achieved new record figures for revenue and earnings.
• Group sales increased by 19.1% to EUR 2.809 billion in the 2024 financial year compared to the previous year (EUR 2.359 billion).
• This strong growth was driven by both the Ticketing and Live Entertainment segments.
• Adjusted Group EBITDA for 2024 amounted to EUR 542.2 million, compared to EUR 444.8 million in the same period of the previous year.
• A significant increase of 21.9%.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Archer Daniels Midland Company USD 0.51
• EQT USD 0.16
• United Parcel Service Registered (B) USD 1.64

• Quarterly figures / company dates USA / Asia
• 00:30 BHP Group half-year figures

• Quarterly figures / Company dates Europe
• 07:00 Capgemini | Elmos Semiconductor Quarterly figures
• 08:00 Jost Werke preliminary annual results
• 10:00 Siemens Healthineers AGM

• economic data

08:00 UK: Labor market data January unemployment rate 3 months (ILO) FORECAST: 4.5% previous: 4.4%

11:00 DE: ZEW Economic Sentiment Index February FORECAST: 20.0 points previously: 10.3 points Economic situation FORECAST: -89.2 points previously: -90.4 points

14:30 US: Empire State Manufacturing Index February FORECAST: -1.0 previous: -12.6

15:00 EU: ECB Director Cipollone, speech at MNI conference on "The ECB's Balance Sheet Policies and Implications" in the Current Economic Context

19:00 US: Fed Vice-Chairman Barr, interview on "Artificial Intelligence in the Economy and Financial Stability"

Good news from $VLA (-1.01%) 🫡

https://valneva.com/press-release/valneva-announces-extension-of-the-interest-only-period-of-its-debt-facility-with-deerfield-and-orbimed/?lang=de

$VLA (-1.01%) out, $TROW (+2.56%) in

Ouch, that hurts! Could not look at the misery more and have $VLA (-1.01%) kicked out of the depot.....and ne a lot of expensive lesson paid 🙈

Dear Community,

A while ago @DividendCop published an article about the withholding tax by French shares. Thereby some queries came to the point 3 of the "direct registered shares".

1. what is currently the problem of German investors?

Dividend payments from groups in our neighboring country are subject to a flat 28% withholding tax. The French tax authorities justify this with the uncertainty about the tax domicile of the investor.

2. what are the solutions?

As is known, there is an agreement between Germany and France. It is therefore possible to reduce the withholding tax to approx. 12.8%.

This works on the one hand via the service of the DKB, which goes in advance, but of course gets the money back itself via a tax equalization.

Consors also offers this service for about €19.95 per income payment.

Another option is offered by the refund forms 5000DE and 5001DE, which are, however, subject to personal appeal to the French tax authorities. A refund thus requires proof of tax residency in Germany.

Now we come to the 3rd possibility of registering French shares, which is the primary topic of this article.

The initial situation:

Here we must distinguish the following points in particular.

• In free trade, we find French bearer shares.
• Registration converts these bearer shares into registered shares.
• In Germany, registration has so far been possible almost exclusively via Consors, as a subsidiary of BNP, and even then it has usually been offered to selected persons. Chosen ones are here really lengthy holders of the positions, which are to receive a Benefit. Meanwhile this costs 24,95€.
• Please weigh therefore whether this is worthwhile at all.
• Further possibilities can be found in capital participation campaigns of the groups. Usually, however, these are not published.
• Registered shares are not tradable without further ado. There are obligations for a holding period of x years in the case of registration.
• Registered shares are not held in the owner's own custody account, but in a custody account administered by the corporation itself or by a third party commissioned by the issuer to do so.
• After this holding period, the owner can dispose of them freely. He can therefore also order a sale or transfer shares to his own securities account. Please bear in mind that this requires conversion into bearer shares again and leads to fees.
• A sale of the registered shares can only be executed on the Paris Stock Exchange "Euronext". The holder merely orders a sale. The timing of the execution is incumbent upon the agent in a proportionate period of time.

Situation:

Let us now assume that registration is to be sought. How does such a thing proceed?

A field report:

My portfolio currently includes 3 corporations in which I own registered shares. Arkema $AKE (+0.42%) , TotalEnergies $TTE (+0.18%) and Air Liquide $AI (+1.83%) .

There was a request for personal data by means of a form and confirmation of tax residency in Germany. (Indication of your tax ID and for confirmation a wage slip with tax deduction is usually also accepted). Otherwise, you must also calculate here for a confirmed tax information again about 20-30 €.

Of course, this depends on the costs of your local tax office.

After a thorough check by the finance department of the respective company, you will receive a notice about the issuance confirmation. Only a short time later you will probably receive a letter with the access data to the securities account from BNP Paribas $BNP (-1.97%) or CA $ACA (-0.16%) will be sent to you. Both make up a significant part of the business world in French everyday life.

These founded from themselves the platform "Uptevia", which is a spin-off of the corperate trust services of both banks.

The link to the platform, as well as your ID, access number and password will be sent to you in separate letters.

You will also receive separate access for each group. Therefore, please keep these documents safe.

Now I have received registered shares, and now what?

Nothing more. I now see my received shares, which are blocked. Now I have to wait until the holding period expires. In the meantime, you can still enjoy the incoming dividend payments on your reference account, which only enjoy a discount of 12.8%. Please note, however, that you will have to declare these dividends on your tax return, as you may have to pay additional capital gains tax. You will receive the respective documents via PDF from this very portal on 01.01 over the past year.

But why should this be worthwhile?

Different companies offer different benefits for registered share holders.

For years, L'Oreal $OR (+2.08%) for example, has been offering an annual dividend premium of 10% on its dividend. The same applies to Air Liquide.

Valneva $VLA (-1.01%) offers double voting rights. It is therefore up to the Group itself to decide on the respective benefits.

But please only decide for it if there is a realistic financial advantage!

Hi dear community,

maybe a good text for all rank beginners from a not so rank beginner ;)

Briefly something about me and my stock market career so far: I started investing at the age of 18. Why? Because I wanted to do it better than my parents who never really wanted to deal with this topic and whose money is getting less every day but the main thing is that it is safe in the bank. Don't get me wrong I respect that fully but I lack the common sense. So much for now.

Again back to the 18 year old me. That 18 year old me didn't have a clue about anything and started doing things way too early that he had no clue about. So beginner mistakes were made, but don't get me wrong, I don't even regret them. TIP #1 for any beginner at this point. Books, Youtube, articles etc. very important!!! I did not do that at first, only where the mistakes have already happened I started to deal more intensively with the stock market world. Then it is unfortunately too late. Inform yourself about everything you can get your hands on, starting with the choice of broker, strategy choice and much more.

So far so good. This 18 year old me is now 20 and a bit wiser. By far not so in the matter as many here on the app where I only amazed and quietly read along posts. Thanks to all Getquin sizes at this point, you have also helped me a lot as I was still at the very beginning. Although sometimes a bit rough but what do you expect from a donkey @DonkeyInvestor ;)

The 20 year old me now works full time in a bar and earns a pretty decent salary and of course is saved from it.

Over time, my strategy has changed as far as saving is concerned. Some who have followed my portfolio a bit may know that. My rookie mistakes e.g. $VLA (-1.01%) or other crap were thrown out and replaced by a quite decent strategy. Herewith TIP NR 2: Have a strategy and that from the beginning. I didn't have one and that's the only thing I regret, because with a strategy one or the other beginner's mistake wouldn't have happened to me. My strategy very briefly to the explanation is composed of two big terms: Tech and Health. Growth and NO dividend stocks yet

So now my portfolio has changed but through the newly acquired knowledge also the horizon for other investments. This is how my call money account came into being. One can hold now from daily money/temporal deposit accounts which one wants however for me is simpler money on a separate account to save than on my Giro account and this daily money = my nest egg. So it goes perhaps the one or other young person also. TIP NO. 3: Expand your horizons and find out what could happen next to your deposit when you deal with it.

What inspired me to write this text: I have observed myself a bit over 2 years of stock market. I have to say at the beginning everything was insanely cool and exciting. Hourly oh what minutely was looked into the depot. Exactly that has changed and I noticed it a few days ago. I caught myself that I have simply not looked for days in my depot, which would have been unthinkable a year ago.

A point with which I have struggled almost the entire first stock market year: The moment I started investing was horrible STOP no it was perfect! This was one of the crucial points in my spiritual development in the stock market. To realize that in the long run it was the perfect time to start investing in the stock market. TIP NO. 4: Chill ;) No quite honestly remains calm. I know you want to eat up the portfolio at the beginning because it is so exciting but if you have a wide investment horizon (which I would recommend to everyone at our age) then it doesn't matter when you get in. The main thing is to get in!

Another big point for me as a beginner was or is unfortunately still the timing when selling and buying. @DonkeyInvestor (to mention you again) just recently linked me a super post on timing from selling stocks. Short and sweet: if it no longer fits your strategy out with it.

The same only a little differently applies to buying and there I still have to admonish myself a little. Don't get me wrong with a little research and a little chart analysis you can of course find a good entry point and no one will buy at an ATH but if you are convinced of the company and think it is fairly priced at the moment then buy the salmon. TIP NO. 5: Time in the market beats timing the market and sell if it does not fit the strategy.

Finally, I hold the edge again do not worry:

It is important to me that as many people, at my age, as possible do something for their retirement and not be afraid of it. Which strategy they use is up to them. I want to leave my impressions as a beginner to save perhaps one or the other from a beginner's mistake that I have committed.

If you have made it this far I am overjoyed that you have read everything. This is now my first big contribution, very time-consuming😅 The text is now not packed with smart stuff where you can learn something like zb. @TradingMelone (probs go out by the way I'm still trying to understand at least something) but it should also be intentionally so simple to remain authentic.

Hope someone can take something with them

Greetings from Wien🫶🏼

Bad investment sorted out 🙃

KEst compensation -367.44

How do you currently estimate $NVAX (-6.22%) and $VLA (-1.01%) rate?

I am currently down about 76% on Novavax and about 71% on Valneva.

From $BAVA (+1.65%) this week with a little plus. Now I have the question, wait for a turnaround in the other two or rather sell now to avoid going even further into the red?

I know, no one has a crystal ball but the exchange is always interesting. ☺️

Was not wanted in the FRG 🤷🏻