Declared Dividend • May 24
Dividend of €0.54 announced Shareholders will receive a dividend of €0.54. Ex-date: 25th May 2026 Payment date: 27th May 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Apr 21
TINC NV, Annual General Meeting, May 20, 2026 TINC NV, Annual General Meeting, May 20, 2026, at 10:00 Romance Standard Time. New Risk • Sep 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. New Risk • Jun 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Declared Dividend • May 25
Dividend of €0.53 announced Shareholders will receive a dividend of €0.53. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 8.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Apr 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Annuncio • Apr 21
TINC NV, Annual General Meeting, May 21, 2025 TINC NV, Annual General Meeting, May 21, 2025, at 10:00 Romance Standard Time. Annuncio • Mar 04
Cordiant Digital Infrastructure Limited (LSE:CORD), a fund managed by Cordiant Capital Inc. and the other Cordiant-managed fund completed the acquisition of a 37.2% stake in Datacenter United from TINC NV (ENXTBR:TINC), Belgian infrastructure investor and Friso Haringsma. Cordiant Digital Infrastructure Limited (LSE:CORD), a fund managed by Cordiant Capital Inc. and the other Cordiant-managed fund agreed to acquire a 37.2% stake in Datacenter United from TINC NV (ENXTBR:TINC), Belgian infrastructure investor and Friso Haringsma, CEO of Datacenter United for approximately €72.3 million on October 25, 2024. CORD and the other Cordiant-managed fund have agreed to acquire 47.5% of the share capital of DCU via a mix of new primary equity and secondary share acquisitions. Following completion of the DCU Transaction, TINC will continue to hold 47.5% of the share capital of DCU and Mr Haringsma 5% (non-voting). In a separate transaction, Datacenter United agreed to acquire the PDC Business from Proximus Group for an enterprise value of approximately €130 million. Prior to closing, the PDC Business will be transferred to a newly formed company and DCU will acquire the entire share capital of this entity. Haringsma will become the CEO of the Combined Group and Steven Marshall, Chairman of Cordiant Digital, will become Chairman of the Board of Directors. CORD and the other Cordiant-managed fund will acquire a 47.5%1 economic interest in the Combined Group for a total equity consideration of €92.3 million. The purchase considerations are subject to customary adjustments. As of November 27, 2024, The phase 1 submission from third parties due by December 10, 2024. ING Bank N.V. acted as a financial advisor to TINC NV.
As of January 13, 2024, the transactions have received approval under Belgium's foreign direct investment legislation from the Interfederal Screening Authority and have been cleared by Ireland's Competition and Consumer Protection Commission, due to the acquiring parties' turnover in Ireland. The final steps to complete the transactions involve transferring the relevant businesses and finalizing both deals. The transactions are expected to close as planned in the first quarter of 2025.
The Combined Group, on a pro forma basis, has 13MW of IT power, generated revenues of c.€40.3 million and had EBITDA of €15.1 million in 2023. The acquisitions are conditional upon the receipt of satisfactory regulatory approvals and the completion of the acquisition of both businesses. The purchase considerations for each are also subject to customary adjustments. The acquisition of the Combined Group is expected to close early Q1 2025. The board of directors of Cordiant Digital Infrastructure has approved the transaction.
Cordiant Digital Infrastructure Limited (LSE:CORD), a fund managed by Cordiant Capital Inc. and the other Cordiant-managed fund completed the acquisition of a 37.2% stake in Datacenter United from TINC NV (ENXTBR:TINC), Belgian infrastructure investor and Friso Haringsma on March 3, 2025. Annuncio • Oct 25
Cordiant Digital Infrastructure Limited (LSE:CORD), a fund managed by Cordiant Capital Inc. and and the other Cordiant-managed fund agreed to acquire an unknown minority stake in Datacenter United from TINC NV (ENXTBR:TINC), Belgian infrastructure investor and Friso Haringsma, CEO of Datacenter United for an enterprise value of £72.5 million. Cordiant Digital Infrastructure Limited (LSE:CORD), a fund managed by Cordiant Capital Inc. and and the other Cordiant-managed fund agreed to acquire an unknown minority stake in Datacenter United from TINC NV (ENXTBR:TINC), Belgian infrastructure investor and Friso Haringsma, CEO of Datacenter United for an enterprise value of €72.5 million on October 25, 2024. CORD and the other Cordiant-managed fund have agreed to acquire 47.5% of the share capital of DCU via a mix of new primary equity and secondary share acquisitions. Following completion of the DCU Transaction, TINC will continue to hold 47.5% of the share capital of DCU and Mr Haringsma 5% (non-voting). In a separate transaction, Datacenter United agreed to acquire the PDC Business from Proximus Group for an enterprise value of approximately €130 million. Prior to closing, the PDC Business will be transferred to a newly formed company and DCU will acquire the entire share capital of this entity. Haringsma will become the CEO of the Combined Group and Steven Marshall, Chairman of Cordiant Digital, will become Chairman of the Board of Directors. CORD and the other Cordiant-managed fund will acquire a 47.5%1 economic interest in the Combined Group for a total equity consideration of €92.3 million. The purchase considerations are subject to customary adjustments.
The Combined Group, on a pro forma basis, has 13MW of IT power, generated revenues of c.€40.3 million and had EBITDA of €15.1 million in 2023. The acquisitions are conditional upon the receipt of satisfactory regulatory approvals and the completion of the acquisition of both businesses. The purchase considerations for each are also subject to customary adjustments. The acquisition of the Combined Group is expected to close early Q1 2025. The board of directors of Cordiant Digital Infrastructure has approved the transaction. Buy Or Sell Opportunity • Jul 12
Now 20% overvalued Over the last 90 days, the stock has fallen 6.1% to €11.40. The fair value is estimated to be €9.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.9%. Buy Or Sell Opportunity • Jul 05
Now 20% overvalued Over the last 90 days, the stock has fallen 7.9% to €11.38. The fair value is estimated to be €9.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.9%. Annuncio • Apr 13
TINC NV, Annual General Meeting, May 15, 2024 TINC NV, Annual General Meeting, May 15, 2024, at 10:00 Central European Standard Time. Location: BluePoint Antwerpen, Filip Williotstraat 9, Berchem Luxembourg Agenda: To consider Presentation and discussion of the statutory and consolidated annual report of the statutory director on the financial year closed on December 31, 2023; to consider Presentation and discussion of the reports of the statutory auditor regarding the statutory and the consolidated annual accounts on the financial year ended on December 31, 2023; to consider Presenting of the remuneration policy and approval of the remuneration report; to consider Approval of the statutory annual accounts of the financial year ended on December 31, 2023; to consider Presentation of the consolidated annual accounts on the financial year ended on December 31, 2023; to consider Discharge to the statutory director for the financial year ended on December 31, 2023; and to consider other matters. Buy Or Sell Opportunity • Mar 11
Now 20% overvalued Over the last 90 days, the stock has fallen 1.3% to €11.50. The fair value is estimated to be €9.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 7.9%. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: €0.93 (vs €0.78 in FY 2022) Full year 2023 results: EPS: €0.93 (up from €0.78 in FY 2022). Revenue: €55.5m (down 5.9% from FY 2022). Net income: €33.9m (up 20% from FY 2022). Profit margin: 61% (up from 48% in FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Sep 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (48% net profit margin). Price Target Changed • Nov 16
Price target increased to €14.00 Up from €13.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of €12.32. Stock is down 9.0% over the past year. The company posted earnings per share of €0.69 last year. Annuncio • Sep 16
TINC NV, Annual General Meeting, Oct 19, 2022 TINC NV, Annual General Meeting, Oct 19, 2022, at 10:00 Central European Standard Time. Location: Bluepoint, Filip Williotstraat 9 Berchem Antwerpen Belgium Agenda: To consider presentation and discussion of the statutory and consolidated annual report of the statutory director on the financial year closed on 30 June 2022; to consider presentation and discussion of the reports of the statutory auditor regarding the statutory and the consolidated annual accounts on the financial year ended on 30 June 2022; to consider presenting of the remuneration policy and approval of the remuneration report; to consider approval of the statutory annual accounts of the financial year ended on 30 June 2022; to consider presentation of the consolidated annual accounts on the financial year ended on 30 June 2022; to consider discharge to the statutory director for the financial year ended on 30 June 2022; to consider discharge to the auditor for the extended financial year ended on 30 June 2022; and to transact other matters. Reported Earnings • Sep 09
Full year 2022 earnings released: EPS: €0.69 (vs €0.85 in FY 2021) Full year 2022 results: EPS: €0.69 (down from €0.85 in FY 2021). Revenue: €39.8m (flat on FY 2021). Net income: €25.0m (down 20% from FY 2021). Profit margin: 63% (down from 78% in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target increased to €14.00 Up from €13.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €13.78. Stock is up 9.4% over the past year. The company posted earnings per share of €0.85 last year. Reported Earnings • Mar 11
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: €0.50 (up from €0.29 in 1H 2021). Revenue: €21.3m (up 47% from 1H 2021). Net income: €18.2m (up 74% from 1H 2021). Profit margin: 85% (up from 72% in 1H 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 10
Full year 2021 earnings released: EPS €0.85 (vs €0.55 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: €40.0m (up 12% from FY 2020). Net income: €31.1m (up 74% from FY 2020). Profit margin: 78% (up from 50% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Mar 06
First half 2021 earnings released: EPS €0.29 (vs €0.36 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €14.5m (up 18% from 1H 2020). Net income: €10.5m (up 2.5% from 1H 2020). Profit margin: 72% (down from 83% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 24
New 90-day low: €12.25 The company is down 5.0% from its price of €12.95 on 25 November 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 12% over the same period. Is New 90 Day High Low • Feb 08
New 90-day low: €12.50 The company is down 5.0% from its price of €13.20 on 10 November 2020. The Belgian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: €12.60 The company is down 4.0% from its price of €13.15 on 15 October 2020. The Belgian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 17% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: €13.00 The company is down 2.0% from its price of €13.30 on 28 July 2020. The Belgian market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 4.0% over the same period. Annuncio • Sep 17
TINC Comm. VA (ENXTBR:TINC) completed the acquisition of 72.73% stake in Kroningswind Farm in Netherlands. TINC Comm. VA (ENXTBR:TINC) entered into an agreement to acquire an unknown majority stake in Kroningswind Farm in Netherlands in August 2019. The transaction os subject to fulfillment of conditions and formalities.
TINC Comm. VA (ENXTBR:TINC) completed the acquisition of 72.73% stake in Kroningswind Farm in Netherlands in October 2019. Annuncio • Sep 12
TINC Comm. VA to Report Fiscal Year 2021 Results on Aug 09, 2021 TINC Comm. VA announced that they will report fiscal year 2021 results on Aug 09, 2021 