DISCLAIMER This information represents neither an offer to buy or sell any security nor, because it does not take into account the differing needs of individual clients, investment advice. Those seeking investment advice specific to their financial profiles and goals should contact their Oscar Gruss & Son Incorporated sales representative. Oscar Gruss & Son Incorporated believes this information to be reliable, but no representation is made as to accuracy or completeness. This information does not analyze every material fact concerning a company, industry, or security. Oscar Gruss & Son Incorporated assumes that this information will be read in conjunction with other publicly available data. Matters discussed here are subject to change without notice. There can be no assurance that reliance on the information contained here will produce profitable results. A security denominated in a foreign currency is subject to fluctuations in currency exchange rates, which may have an adverse effect on the value of the security upon the conversion into local currency of dividends, interest, or sales proceeds. The value of securities and depositary receipts of foreign issuers that are denominated in United States dollars are also influenced by fluctuations in currency exchange rates. © 2020 Oscar Gruss & Son Incorporated. All rights reserved.Today:
FAII/U IPO Priced, commences trading NYSE
GRAF/Velodyne Lidar Presents @JPM and Oppenheimer
PACQ applied to list CVRs, listing waived as condition of combination
Item 8.01
Other Events
HighPeak Energy, Inc. (“HighPeak Energy”) has applied to list its contingent value rights (the “Contingent Value Rights”) on the Nasdaq Global Market, however there is no certainty that the necessary approvals to list the Contingent Value Rights will be obtained by the closing of the business combination (as defined below). On August 11, 2020, Pure Acquisition Corp. (the “Company”) announced that, in the event that HighPeak Energy’s Contingent Value Rights are not approved for listing on an exchange by the closing of the business combination, the parties to the Business Combination Agreement (as defined below) intend to waive the condition that the Contingent Value Rights be approved for listing in connection with the closing of the business combination.
Under the Business Combination Agreement, dated May 4, 2020 (as amended, the “Business Combination Agreement” and the transactions contemplated thereby, the “business combination”), by and among the Company, HighPeak Energy, Pure Acquisition Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of HighPeak Energy (“MergerSub”), HighPeak Energy, LP, a Delaware limited partnership (“HighPeak I”), HighPeak Energy II, LP, a Delaware limited partnership (“HighPeak II”), HighPeak Energy III, LP, a Delaware limited partnership (“HighPeak III”), HPK Energy, LLC, a Delaware limited liability company (together with HighPeak I, HighPeak II and HighPeak III, the “HPK Contributors”), and solely for the limited purposes specified therein, HighPeak Energy Management, LLC, a Delaware limited liability company (“HPK Representative”), it is a condition to closing that the shares of HighPeak Energy common stock, warrants to purchase HighPeak Energy common stock, and Contingent Value Rights (as each such security is defined in the Business Combination Agreement) issuable as merger consideration in the business combination be approved for listing on either of the New York Stock Exchange or the Nasdaq Capital Market at the closing of the business combination. HighPeak Energy is endeavoring to have the Contingent Value Rights approved for listing (along with its other securities) on the Nasdaq Global Market, but in the event that it is unable to do so at the time of the closing of the business combination, the Company, HighPeak Energy and the HPK Contributors have agreed to waive the condition requiring the Contingent Value Rights to be approved for listing by such time.
In the event that the Contingent Value Rights are not approved for listing at the time of the closing of the business combination, HighPeak Energy intends to have the Contingent Value Rights quoted Over-The-Counter (OTC), while it works as expeditiously as possible to have them approved for listing on the national securities exchange in which HighPeak Energy’s common stock and warrants are listed.
https://www.sec.gov/Archives/edgar/data/1726293/000143774920017573/0001437749-20-017573-index.htm
DMYT/Rush Street to Host Joint Conference Call
Investor Conference Call Information
The investor conference call will be held tomorrow, Thursday, August 13, 2020 at 8:30 a.m. ET.Interested parties may listen to the call via telephone by dialing 1-877-407-4018, or for international callers, 1-201-689-8471. A telephone replay will be available from 11:30 a.m. ET on Thursday, August 13, 2020 and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671 and entering replay PIN number: 13708383.
https://blinks.bloomberg.com/news/stories/QEY9C63MMTC1
CCH/Utz Updated financial information, August presentation
https://www.sec.gov/Archives/edgar/data/1739566/000110465920093420/0001104659-20-093420-index.htm
FAII/U Prices $300M IPO
The units will be listed on the New York Stock Exchange and trade under the ticker symbol “FAII.U” beginning August 12, 2020. Each unit consists of one share of the Company’s Class A common stock and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company’s Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the New York Stock Exchange under the symbols “FAII” and “FAII WS,” respectively.
HZAC.U files S-1/A#1 to file exhibits
https://www.sec.gov/Archives/edgar/data/1817071/000110465920093403/tm2025001-4_s1a.htm
FSDC files S-1MEF, registers 575,000 additional shares
https://www.sec.gov/Archives/edgar/data/1816736/000121390020021509/ea125404-s1mef_fsdevelopment.htm
DGNR.U files S-1/A#2
Update the unit structure from 1 share and 1/3rd of a warrant to one share and 1/4th of a warrant p.2
https://www.sec.gov/Archives/edgar/data/1818201/000114036120018170/0001140361-20-018170-index.htm
From yesterday:
FMCI/Ittella PREM14A filed, merger agreement amended
No record or meeting date; HSR early termination granted on 7/7 (no other regulatory approvals listed); the merger is expected to take place in early October
FMCI evaluated ~325 companies as possible targets, entered into confidentiality agreements with 40 companies (including Ittella) and submitted non-binding Letters of Intent o 6 companies (including Ittella), but ultimate decided to discontinue discussions with potential targets other than Ittella
Separately, FMCI announced that the merger agreement was amended on 8/10/20 to (i) identify an updated delivery deadline for the PCAOB Audited Financial Statements (as defined in the Merger Agreement) by Ittella Parent to the Company as August 14, 2020, (ii) address a scrivener’s error in the form of Registration Rights Agreement and add Project Lily, LLC as a party thereto, (iii) reflect White & Case LLP as primary counsel to Forum following the signing of the Merger Agreement, (iv) change the Termination Date in the Merger Agreement to November 15, 2020 and (v) carve out any Indebtedness (as defined in the Merger Agreement) of Forum or its subsidiaries paid off at the closing of the Business Combination (the “Closing”) through the funds flow from the definition of “Additional Available Cash Consideration” in Annex I of the Merger Agreement.
https://www.sec.gov/Archives/edgar/data/1741231/000121390020021437/prem14a0820_forummerger2.htm
https://www.sec.gov/Archives/edgar/data/1741231/000121390020021451/0001213900-20-021451-index.htm
GRSVU 8-K report closing of IPO, stock dividend and sale of private warrants
On August 10, 2020, the Company consummated the IPO of 52,500,000 units (the “Units”), including the issuance of 5,000,000 Units as a result of the underwriters’ partial exercise of their over-allotment option.
On August 5, 2020, the Company effected a stock dividend with respect to the Company’s Class F common stock, par value $0.0001 per share (“Class F Common Stock”), of 2,156,250 shares thereof, resulting in the Company’s initial stockholders holding an aggregate of 13,656,250 shares of Class F Common Stock.
Simultaneously with the closing of the IPO, the Company completed the private sale of 6,250,000 warrants (the “Private Placement Warrants”) at a purchase price of $2.00 per Private Placement Warrant, to the Company’s sponsor, Gores Sponsor V LLC (the “Sponsor”), generating gross proceeds to the Company of approximately $12,500,000.
https://www.sec.gov/Archives/edgar/data/1816816/000119312520216329/0001193125-20-216329-index.htm
FUSE/U announces Separate Trading of Its Common and Warrants
Commencing August 14, 2020, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s common stock and warrants included in the units. The shares of common stock and warrants that are separated will trade on the New York Stock Exchange under the symbols “FUSE” and “FUSE WS,” respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “FUSE.U.”
https://blinks.bloomberg.com/news/stories/QEX14J3RXUKH
PAIC/U S-1/A#1 filed, no material changes, no dates
https://www.sec.gov/Archives/edgar/data/1810560/000121390020021399/0001213900-20-021399-index.htm
LCAPU S-1/A#2 to include exhibits
https://www.sec.gov/Archives/edgar/data/1802450/000110465920093358/0001104659-20-093358-index.htm
ALGR 10-Q
As of December 31, 2019, the assets held in the Trust Account were substantially held in U.S. Treasury Bills. On April 21, 2020 the remaining cash held in the Trust Account was fully liquidate
10-Qs: SRAC, GNRS, PTAC, THCA, CHAQ, TRNE, IPV
NKLA 424B3 filed
To supplement 7/27/20 prospectus; relates to “the offer and sale from time to time by the selling securityholders named in the Prospectus or their donees, pledgees, transferees or other successors in interest (the “Selling Securityholders”) of up to 249,843,711 shares of our common stock, $0.0001 par value per share (“Common Stock”), which includes (i) up to 6,640,000 shares held by certain persons and entities (the “Original Holders”) holding shares of Common Stock initially purchased by VectoIQ Holdings, LLC (the “Sponsor”) and Cowen Investments II, LLC (“Cowen Investments” and, together with the Sponsor, the “Founders”) in a private placement in connection with the initial public offering of VectoIQ Acquisition Corp. and (ii) 243,203,711 shares held by certain affiliates of the Company”
https://www.sec.gov/Archives/edgar/data/1731289/000110465920093342/0001104659-20-093342-index.htm
To supplement 7/17/20 prospectus; relates to “the issuance by us of up to an aggregate of up to 23,890,000 shares of our common stock, $0.0001 par value per share (“Common Stock”), which consists of (i) up to 890,000 shares of Common Stock that are issuable upon the exercise of 890,000 warrants (the “Private Warrants”) originally issued in a private placement in connection with the initial public offering of VectoIQ and (ii) up to 23,000,000 shares of Common Stock that are issuable upon the exercise of 23,000,000 warrants (the “Public Warrants” and, together with the Private Warrants, the “Warrants”) originally issued in the initial public offering of VectoIQ.”; also relates to: “also relates to the offer and sale from time to time by the selling securityholders named in the Prospectus (the “Selling Securityholders”) of (i) up to 53,390,000 shares of Common Stock (including up to 890,000 shares of Common Stock that may be issued upon exercise of the Private Warrants) and (ii) up to 890,000 Private Warrants”
https://www.sec.gov/Archives/edgar/data/1731289/000110465920093340/0001104659-20-093340-index.htm
Tim Cook is a billionaire after Apple stock jumps
Apple CEO Tim Cook became a billionaire this month, after nine years at the helm of the world’s most valuable company.
The 59-year-old executive’s net worth passed the $1 billion mark thanks to a nearly 5 percent jump in Apple’s stock price last week that put its market value near $2 trillion, according to an analysis by Bloomberg’s Billionaires Index.
That puts Cook among an “elite” group of billionaire CEOs who did not start the companies they lead, Bloomberg reported. The club also includes former Microsoft chief executive Steve Ballmer, who was with the company from 1980 to 2014 and is the world’s seventh-richest person with a net worth of $75 billion.
Cook has quietly built up his fortune on stock awards he’s received in his 22 years at Apple, according to Bloomberg’s Monday analysis. His 847,969 Apple shares — which make up a tiny 0.02 percent stake in the company — are worth about $375 million, while “proceeds from previous share sales, dividends and other compensation” are worth $650 million, the news service reported.
Cook has pledged to give his Apple fortune to charity, and Bloomberg noted that his wealth could be smaller if he’s made donations that haven’t been disclosed. But his worth could grow as Apple nears the $2 trillion mark amid an increased reliance on technology during the coronavirus pandemic.
Apple’s stock price rose another 1.4 percent Monday to $450.91, and Cook is due to receive an award of 560,000 shares this month unless the price plunges, Bloomberg reported. The iPhone maker, however, announced a 4-for-1 stock split last month that will allow investors to buy shares at a 75 percent discount at the end of August.
Cook — who took over for Apple co-founder Steve Jobs before his 2011 death — still has a long way to go to catch up with the fortunes of other tech tycoons. Amazon CEO Jeff Bezos remained the world’s richest person as of Monday with a $186 billion fortune, followed by Microsoft co-founder Bill Gates and Facebook boss Mark Zuckerberg, according to Bloomberg.
Viacom and CBS mogul Sumner Redstone dies aged 97
Billionaire turned a regional cinema chain into a global entertainment empire
Sumner Redstone, one of a generation of media titans who shaped the business of films and television in the modern era, has died age 97.
Mr Redstone, a Boston native and veteran of the second world war, transformed a regional drive-in cinema chain into a global entertainment empire spanning the Paramount film studio and two of the most prominent US media companies: Viacom, home to MTV and Cartoon Network, and the broadcaster CBS.
One of the industry’s most colourful and enduring characters, he coined the terms “multiplex cinema” and “content is king”. He was chief executive of Viacom from 1996 through 2005, after which he continued to serve as executive chairman on the boards of Viacom and CBS.
The billionaire had promised to never give up managing his empire. In 2014, age 91, he dismissed his daughter’s prospects as the next chief of the family business, saying he would “not discuss succession . . . you know why? I’m not going to die”.
But as Mr Redstone aged in recent years, his daughter Shari had taken charge of managing the empire. She shepherded the reunion of Viacom and CBS last year.
Bob Bakish, chief executive of ViacomCBS, said Mr Redstone was a “brilliant visionary, operator and dealmaker”.
“He was a force of nature and fierce competitor, who leaves behind a profound legacy in both business and philanthropy,” he said.
National Amusements, the Redstone holding company, said: “With his passing, the media industry he loved so dearly loses one of its great champions. Sumner, a loving father, grandfather and great-grandfather, will be greatly missed by his family who take comfort knowing that his legacy will live on for generations to come.”
Lex Letter from Seoul: hydrogen fuelled rally
Despite the hype, makers including Nikola are many months away from selling a single product
Dear readers,
Imagine an electric car that can be fully charged in less than five minutes. That is the promise of hydrogen fuel cells — though not everyone believes in the concept. Tesla’s Elon Musk has called the technology “mind-bogglingly stupid”. Many analysts agree. It is also years away from commercialisation. But that has not stopped investors from betting big on the sector. A safer route into the hydrogen fuel-car market can be found in Asia.
Both environmental campaigners and industries that operate vast bus and truck fleets have reason to be excited about the promise of green vehicles that produce water as a byproduct. Short refuelling times and longer ranges than battery-powered electric vehicles are major plus points.
In global markets, the highest hopes are being pinned on US electric truckmaker Nikola, whose shares are up 300 per cent this year. Makers of fuel cells that go into vehicles have also attracted new fund inflows, with shares of US-listed Plug Power gaining 250 per cent.
Yet despite the hype, makers including Nikola are many months away from selling a single product — let alone booking a profit. The latest boost to Nikola’s shares has come from a deal to sell a fleet of garbage trucks. But testing for the trucks will not start until 2022, and deliveries not until 2023.
In Asia, Hyundai and Toyota have a head start. The latter’s fuel-cell car Mirai was launched six years ago. An updated version is expected soon. Hyundai’s Nexo, its second-generation fuel-cell car, was launched last year.
The cost of development is steep for technology. But for the two companies, upfront costs have already been invested. Both Hyundai and Toyota have researched and developed fuel-cell cars for well more than a decade.
The pair’s ties with China help too. Beijing wants to boost adoption of fuel-cell vehicles by building hydrogen filling stations. It hopes to see 1m fuel-cell cars in action within the next decade. Hyundai plans to produce them commercially in its Chinese plant to meet the demand. Toyota has joint ventures with local carmakers to develop related technologies.
The biggest risk for investors is the uncertainty of time. How long will it take for the technology to become commercially viable? The market is still relatively small — worth about $2.5bn last year — and not everyone is optimistic about the expected scale of growth.
Nikola has a $15.5bn equity valuation and reported revenue of just $36,000 in the second quarter (made from solar installation services to the executive chairman). Shares have priced in the best scenario. Yet shares of Hyundai and Toyota, which are well hedged against a fuel-cell car flop with their portfolio of traditional petrol-powered cars, trade below book value.
Growing global efforts to reduce emissions and stricter fuel standards in China all point towards a future in which hydrogen-fuel cars have a shot at taking a share of the electric vehicle market currently dominated by battery-powered options.
But if Nikola’s frenzied investors are wrong about the company’s sky-high growth prospects, then Hyundai’s strong battery-powered offering and Toyota’s share in hybrids offer a more balanced exposure to the upside.
Enjoy the rest your week,
June Yoon
Lex writer
Gapping down
In reaction to disappointing earnings/guidance:
- OSPN -25.3% (also to delay 10-Q filing), JMIA -18.8%, SMCI -7%, RRGB -6.4%, HCAT -4.6%, ALEC -4%, LMND -3.6%, VIAV -3%, KMDA -2.4%, PFGC -0.8%
M&A news:
- MR -7.9% (to be acquired by Southwestern Energy (SWN) in an all-stock transaction)
- SWN -4.9% (acquiring MR in all-stock deal; commences 55 mln common stock offering)
- STNE -1.3% (confirms combination agreement with LINX; also stock offering)
Other news:
- TRVN -14.6% (stock offering)
- HLX -9.6% (prices offering of $200 mln principal amount of 6.75% Convertible Senior Notes due 2026)
- PLUG -9.4% (prices offering of 30,675,000 shares of its common stock at $10.25 per share)
- PSNL -7.5% (prices offering of 6,578,947 shares of its common stock at $19.00 per share)
- GFF -6.4% (stock offering)
- TFII -5.4% (stock offering)
- OMER -5% (priced concurrent underwritten public offerings of 6,900,000 of shares of its common stock at $14.50/share)
- MCRB -4.6% (stock offering)
- ADVM -4.4% (stock offering)
- OSTK -2.4% (prices offering of 2.1 mln shares of common stock at $84.50 per share)
- WYND -1.7% (confirms cut in dividend)
- PRTS -1.6% (stock offering)
- STC -1.3% (stock offering)
- NFG -1.2% (files mixed securities shelf offering)
Analyst comments:
- TGI -2% (downgraded to Underweight from Neutral at JP Morgan)
- BR -0.8% (downgraded to Neutral from Buy at BTIG Research)
- DE -0.6% (downgraded to Hold at Deutsche Bank)
Gapping up
In reaction to strong earnings/guidance:
- CNR +14.3%, CMBM +10.7%, CVET +7.4%, KODK +6.6%, HBM +6.3%, XP +5.1%, ARCO +4.9%, LRN +4.8%, NARI +4.2%, TUFN +3.9%, EAT +3.3%, VIR +1.6% (also expects to start a Phase 2/3 trial for VIR-7831 in August), KRNT +1%
M&A news:
- CBMG +34.8% (enters into definitive merger agreement; transaction would result in company going private)
- LBTYA +2.4% (acquires Sunrise Communications Group)
Other news:
- BLDR +12% (to join S&P MidCap 400)
- MRNA +11.1% (announces supply agreement with US govt for mRNA vaccine against COVID-19)
- FBK +8.2% (to join S&P SmallCap 600)
- TSLA +6.5% (announces 5-for-1 stock split)
- ALPN +5.9% (stock offering)
- CXW +5.2% (to join S&P SmallCap 600)
- CDE +3% (provides update on 2020 exploration program)
- PACB +2.9% (prices offering of 19.43 mln shares of common stock at $4.47 per share)
- ALGT +2.5% (reports July traffic)
- IVZ +2.3% (reports July AUM)
- SSTK +2.3% (prices pricing offering of 2.58 mln shares of common stock at $48.50/share; co is selling 516,000 shares and Jon Oringer (Founder, Executive Chairman) is selling 2,064,000 shares in this offering)
- W +1.6% (prices $1.32 bln(upsized from $1.2 bln) aggregate principal amount of 0.625% convertible senior notes due 2025)
- UPLD +1.5% (prices offering of 3.5 mln shares of common stock at $34.00 per share)
- BKD +1.4% (stock offering)
- REGN +1.1% (announces FDA has accepted for Priority Review a Biologics License Application for evinacumab as an adjunct to other lipid-lowering therapies in patients with homozygous familial hypercholesterolemia)
- APAM +1% (reports July AUM)
- WWW +1% (names Brendan Hoffman as future CEO)
Analyst comments:
- AEO +9.1% (upgraded to Overweight from Neutral at JP Morgan)
- CNX +5.1% (upgraded to Overweight from Neutral at Piper Sandler)
- AN +2.6% (upgraded to Buy from Neutral at Guggenheim)
- MPC +2.4% (upgraded to Outperform from Market Perform at Cowen)
- ROKU +2.4% (initiated with a Buy at Deutsche Bank)
- GOLD +1.9% (upgraded to Buy from Hold at Canaccord Genuity)
- INVH +1.9% (upgraded to Overweight from Equal-Weight at Morgan Stanley)
- MGRC +1.8% (upgraded to Outperform from Perform at Oppenheimer)
- ATCO +1.5% (upgraded to Neutral from Underperform at BofA Securities)
- HD +1.5% (upgraded to Accumulate from Hold at Gordon Haskett)
- JCOM +1.3% (upgraded to Outperform from Sector Perform at RBC Capital Mkts)
Early premarket gappers
- Gapping up:
- CBMG +37.4%, HBM +11.8%, MRNA +9.8%, CNR +9.5%, BLDR +8.8%, FBK +7.6%, LRN +7.3%, NARI +6.1%, TSLA +5.9%, ALPN +5.9%, ALEC +5.7%, KODK +5.7%, XP +4.8%, CDE +4.6%, CXW +3.8%, BKD +3.4%, CMBM +2.8%, IVZ +1.9%, CVET +1.8%, APAM +1%, KRNT +1%, LPRO +0.9%, PINC +0.8%, SUPN +0.8%, BEAM +0.8%
- Gapping down:
- OSPN -25.9%, JMIA -18.6%, TRVN -16.1%, PLUG -9.2%, VIR -8.8%, RRGB -8.1%, PSNL -7.6%, HCAT -7.3%, LMND -6%, SMCI -5.5%, OSTK -5.4%, OMER -5.3%, VIAV -3.8%, TFII -3.1%, MCRB -2.6%, SWAV -2.4%, GFF -2.2%, STC -2.1%, HLX -1.9%, WYND -1.7%, STNE -1.2%, NFG -1.2%, PRTS -0.8%, AB -0.8%
-
Freenet (FNTN TH) +11%
- Liberty Global to Make All Cash Offer For Sunrise at CHF110/Shr
- Freenet Second Quarter Ebitda EU109.7 Mln, +2% Y/y
- Bechtle (BC8 TH) +0.6%
- Bechtle Second Quarter Revenue Meets Estimates
-
GEA Group (G1A TH) +0.5%
- GEA Group Second Quarter Revenue Meets Estimates
- Thyssenkrupp (TKA TH) -1.3%
- BNP Paribas (BNP TH) -1.4%
- Airbus (AIR TH) -1.7%
- Commerzbank (CBK TH) -1.7%
-
Hochtief (HOT TH) -2.1%
- Hochtief Raised to Buy at LBBW; PT 89 euros
-
Novozymes (NZM2 TH) -2.5%
- Novozymes Sees Organic Growth of as Much as 2% in 2020
- Banco Santander (BSD2 TH) -2.5%
- TUI (TUI1 TH) -3.1%
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Evotec SE (EVT TH) -5.5%
- Evotec SE First Half Adjusted Ebitda EU47.3 Mln
- Polymetal (PM6 TH) -7.1%
- European, South African Gold Miners May Slump on Continued Rout
DAX:
- Bayer (BAYN TH) +0.8%
- Allianz (ALV TH) -0.9%
- Wirecard (WDI TH) -0.9%
- Infineon (IFX TH) -0.9%
MDAX:
- Freenet (FNTN TH) +8.6%
- Liberty Global to Make All Cash Offer For Sunrise at CHF110/Shr
- Freenet Second Quarter Ebitda EU109.7 Mln, +2% Y/y
- HelloFresh (HFG TH) +1.6%
- HelloFresh PT Raised to 65 euros from 60 euros at Berenberg
- GEA Group (G1A TH) +1.4%
- GEA Group Second Quarter Revenue Meets Estimates
- Varta (VAR1 TH) -1.7%
- Duerr (DUE TH) -1.7%
- Hochtief (HOT TH) -2.1%
- Hochtief Raised to Buy at LBBW; PT 89 euros
- Evotec SE (EVT TH) -5.8%
- Evotec SE First Half Adjusted Ebitda EU47.3 Mln
SDAX:
- Steinhoff (SNH TH) +1.9%
- Deutsche PBB (PBB TH) +1.6%
- Deutsche PBB Expects Net Interest Income to Increase in 2H 2020
- Hamburger Hafen (HHFA TH) -0.4%
- Hamburger Hafen First Half Revenue EU628.4 Mln, -9.4% Y/y
- Tele Columbus (TC1 TH) -1.4%
- Jungheinrich (JUN3 TH) -1.4%
- Talanx (TLX TH) -1.4%
- Talanx Second Quarter Ebit Misses Lowest Estimate
- Sixt (SIX2 TH) -1.8%
- Sixt Leasing First Half Pretax Profit EU2.9 Mln, -79% Y/y
- ADVA Optical (ADV TH) -2%