New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Market cap is less than US$10m (€700.9k market cap, or US$823.7k). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Declared Dividend • Jul 06
Dividend of €0.06 announced Dividend of €0.06 is the same as last year. Ex-date: 7th July 2025 Payment date: 9th July 2025 Dividend yield will be 7.4%, which is higher than the industry average of 2.9%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 3 years and payments have been stable during that time. Buy Or Sell Opportunity • Jul 02
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to €0.92. The fair value is estimated to be €1.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • May 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 3.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (3.2% average weekly change). Revenue has declined by 4.0% over the past year. Market cap is less than US$10m (€812.6k market cap, or US$922.3k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Revenue is less than US$5m (€1.9m revenue, or US$2.2m). Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to €1.12, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 11x in the Professional Services industry in France. Total returns to shareholders of 61% over the past three years. New Risk • Apr 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 Risks Revenue has declined by 4.0% over the past year. Market cap is less than US$10m (€893.9k market cap, or US$979.5k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Revenue is less than US$5m (€1.9m revenue, or US$2.1m). Buy Or Sell Opportunity • Mar 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €0.99. The fair value is estimated to be €1.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last year. Earnings per share has grown by 4.2%. Buy Or Sell Opportunity • Feb 05
Now 31% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to €0.94. The fair value is estimated to be €1.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Jan 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.2% to €1.10. The fair value is estimated to be €1.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Oct 14
Now 20% undervalued Over the last 90 days, the stock has risen 12% to €1.10. The fair value is estimated to be €1.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2007 fiscal period end). Market cap is less than US$10m (€1.16m market cap, or US$1.28m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Buy Or Sell Opportunity • Jul 10
Now 21% undervalued Over the last 90 days, the stock has risen 17% to €0.98. The fair value is estimated to be €1.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Dec 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2007 fiscal period end). Market cap is less than US$10m (€978.8k market cap, or US$1.06m). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (5.8% average weekly change). Buying Opportunity • Dec 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be €0.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only.