Recent Insider Transactions • Jun 03
Insider recently sold €3.3m worth of stock On the 1st of June, Jean-Luc Barma sold around 192k shares on-market at roughly €17.15 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. お知らせ • Jun 01
CGI France SAS completed the acquisition of a 70.6% stake in Umanis SA (ENXTPA:ALUMS) from MURA SAS. CGI France SAS entered into an agreement to acquire a 70.6% stake in Umanis SA (ENXTPA:ALUMS) from Mura and Olivier Pouligny on March 11, 2022. CGI France SAS also entered into agreement launch a mandatory tender offer to acquire the remaining shares of Umanis. Both the transaction will have the value as €310 million. The signing of the Block Purchase agreement would only take place after completion of the information and consultation procedures of the relevant employee representative bodies of Umanis and CGI France. Transaction is subject to approval of obtaining of regulatory approvals for merger control and foreign investments in France, delivery of a fairness opinion by the independent appraiser appointed by Umanis, as well as issuance of a positive recommendation from its board of directors and delivery of Umanis' consolidated financial statements as of December 31, 2021. Transaction is s expected to be completed with the French financial markets authority (Autorité des Marchés Financiers) by the end of the second quarter of the 2022. Société Générale Securities Services SA acted as financial advisor, Bredin Prat & Associes acted as legal advisor to CGI France SAS. Crédit Agricole Corporate and Investment Bank S.A. acted as financial advisor to Umanis and Mura. Olivier Huyghues Despointes, Thibault Verron, Victor Maujean, Guillaume Aubron, Thomas Servières, Patrick Mèle, Loic Védie and Pierre Dabin of Darrois Villey Maillot Brochier acted as legal advisor to Umanis SA and Mura. Capstan acted as legal advisor to Umanis on employment law aspects. Gide advised LFPI and Amundi and shareholders of Mura.
As on April 25, 2022, CGI France SAS and Umanis announce the signing of the acquisition of all the shares of Umanis held by MURA (controlled by Mr. Laurent Piepszownik) and by Mr. Olivier Pouligny representing approximately 70.6% of the capital of Umanis at a price of €17.15 per share.
CGI France SAS completed the acquisition of a 70.6% stake in Umanis SA (ENXTPA:ALUMS) from MURA SAS on May 31, 2022. CGI France intends to implement a squeeze-out at the closing of this transaction. Recent Insider Transactions • May 06
Insider recently bought €59k worth of stock On the 4th of May, Jean-Luc Barma bought around 3k shares on-market at roughly €16.90 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Jerome Larrue was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
Full year 2021 earnings released: EPS: €0.69 (vs €0.76 in FY 2020) Full year 2021 results: EPS: €0.69 (down from €0.76 in FY 2020). Revenue: €246.0m (up 14% from FY 2020). Net income: €12.9m (down 8.8% from FY 2020). Profit margin: 5.2% (down from 6.6% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.0%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 39% share price gain to €16.40, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 103% over the past three years. Reported Earnings • Sep 20
First half 2021 earnings released: EPS €0.48 (vs €0.17 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €120.9m (up 8.1% from 1H 2020). Net income: €8.91m (up 181% from 1H 2020). Profit margin: 7.4% (up from 2.8% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 15% share price gain to €12.35, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 7.0% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 16% share price gain to €10.95, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 26x in the IT industry in Germany. Total loss to shareholders of 19% over the past three years. Reported Earnings • Apr 17
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €214.9m (down 2.0% from FY 2019). Net income: €14.1m (up 92% from FY 2019). Profit margin: 6.6% (up from 3.4% in FY 2019). お知らせ • Mar 12
Umanis SA (ENXTPA:ALUMS) acquired ALPHONSE Umanis SA (ENXTPA:ALUMS) acquired ALPHONSE on March 11, 2021. Transaction was financed by cash and by drawing on credit line dedicated to external growth operations.
Umanis SA (ENXTPA:ALUMS) completed the acquisition of ALPHONSE on March 11, 2021. お知らせ • Feb 03
Umanis in Negotiations for the Acquisition of A French ESN Umanis SA (ENXTPA:ALUMS) announced that it has relaunched its acquisition policy, after a pause in 2020 due to the health crisis . The company entered into exclusive negotiations for the acquisition of a french ESN specialising in the digital transformation of companies. Is New 90 Day High Low • Dec 31
New 90-day high: €7.76 The company is up 35% from its price of €5.74 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 18% over the same period. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 22% share price gain to €7.76, the stock is trading at a trailing P/E ratio of 21.9x, up from the previous P/E ratio of 17.9x. This compares to an average P/E of 29x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 41%. Is New 90 Day High Low • Dec 16
New 90-day high: €6.70 The company is up 20% from its price of €5.58 on 17 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 17% over the same period. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 17% share price decline to €5.22, the stock is trading at a trailing P/E ratio of 12.8x, down from the previous P/E ratio of 15.4x. This compares to an average P/E of 24x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 64%. Is New 90 Day High Low • Oct 13
New 90-day high: €6.36 The company is up 37% from its price of €4.63 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 9.0% over the same period.