Re: Bilfinger Berger Strong Buy

verfasst von bob, 22.08.2002, 11:16

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><font size="5"> Bilfinger Berger (Strong Buy, price target: €30.0, 32.5% upside potential) </font>
>_ __ _ Bilfinger Berger is our preferred stock in the sector. According to our NAV
>valuation model, some €20 value per share is solely due to the Buderus stake
>and the average net cash position. In our view, the construction and facility
>management activities are not adequately reflected in the current share price.
>_ __ _ In our view, t he share price performance is mainl y driven by fundamentals. We
>believe the acquisition of HSG facility management (for a consideration of
>€43.8 million) and the cancelled acquisition of J.A Jones reflect the focus on
>creating shareholder value.
>_ __ _ We expect Bilfinger Berger to benefit from flood-related construction work to a
>limited extent only, as the company is neither active in housebuilding nor in
>road/railworks. Major infrastructure projects (such as bridges, dams, tunnels)
>might be of interest, though. We expect additional annual earnings generated in
>the domestic construction division of below 5% in the medium term (2003-05E).
>_ __ _ The company’s first-half 2002 trading statement is due for publication on
>22 August 2002. A conference call with CEO Mr Bodner and CFO Dr Schneider
>will be held at 4pm CET that day (dial-in: +49-69-2711-0400).

wenn ich an Wasser denke, fällt mir immer sofort Holland ein...

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gesamter Thread:

• Bilfinger Berger Strong Buy - leibovitz, 22.08.2002, 09:31
  • wir sollten short gehen..... (owT) - daxput, 22.08.2002, 09:33
    • bei 18-20 Euro gab es bei Bilfinger das Baugeschäft umsonst dazu. - LenzHannover, 22.08.2002, 11:13
  • Re: Bilfinger Berger Strong Buy - bob, 22.08.2002, 11:16
  • Re: Bilfinger Berger Strong Buy - blindfisch, 22.08.2002, 11:50
    • Re: Bilfinger Berger Strong Buy - leibovitz, 22.08.2002, 12:36
      • Re: Bilfinger Berger Strong Buy - blindfisch, 22.08.2002, 12:46
        • Re: Bilfinger Berger Strong Buy - leibovitz, 22.08.2002, 13:41
    • niemals überlesen:-) - nasdaq, 22.08.2002, 16:12
      • Re: niemals überlesen:-) - leibovitz, 22.08.2002, 16:25