Thanks for the note Ali, always helpful. Quick one - given the upcoming earnings, what do you think is the probability of a new buyback program beeing announced? Seems like they have BS capacity for at least EUR 400-500m. Looks like a no-brainer for me at these prices, but not sure how they are thinking about this...
Hi Lorenzo, I think it all depends on the unallocated cash they are collecting. They usually announce a buyback after collecting the specific cash budget for it. Thursday's earnings should give us an update on the cash level.
Your substack is so good. I really like the fact you follow so closely Evolution AB.
Thanks for the note Ali, always helpful. Quick one - given the upcoming earnings, what do you think is the probability of a new buyback program beeing announced? Seems like they have BS capacity for at least EUR 400-500m. Looks like a no-brainer for me at these prices, but not sure how they are thinking about this...
Hi Lorenzo, I think it all depends on the unallocated cash they are collecting. They usually announce a buyback after collecting the specific cash budget for it. Thursday's earnings should give us an update on the cash level.
https://www.dontdistribute.com/i/150956801/cash-pile-solved-for-good
Great summary! Thank you for sharing
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Thanks for the breakdown from ICE. Really appreciate it.
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Superb insights, thanks for taking the time to share your notes Ali.