PNE AG · ISIN: DE000A0JBPG2 · Research | Analyses | Ratings

Reduce

Original-Research: PNE AG - von First Berlin Equity Research GmbH Einstufung von First Berlin Equity Research GmbH zu PNE AG Unternehmen: PNE AG ISIN: DE000A0JBPG2 Anlass der Studie: Update Empfehlung: Reduce seit: 10.11.2022 Kursziel: 18,10 Euro Kursziel auf Sicht von: 12 months Letzte Ratingänderung: 19.04.2022: Herabstufung von Hinzufügen auf Reduziren Analyst: Dr. Karsten von Blumenthal First Berlin Equity Research hat ein Research Update zu PNE AG (ISIN: DE000A0JBPG2) veröffentlicht. Analys...

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Current analyst assessments

On this page you will find current analyst assessments of renowned research houses, which make their assessments on the business development of listed companies available for publication and distribution via our content partner EQS-Newswire.
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22 February 2024 01:36PM
Differentiated approach in CVD with potential
  London, UK, 22 Februar 2024 Edison issues initiation on Cereno Scientific (CRNO B): Differentiated approach in CVD with potential Cereno Scientific is a clinical-stage biotech, developing treatments for cardiovascular diseases (CVDs) using novel approaches. Its focus on disease-modifying therapies and a collaboration with Abbott set it apart f...
Edison Investment Research Limited
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21 February 2024 12:10PM
Long-term pawnbroking growth, short-term cost and retail pressure
Analyst interview | Financials   Q&A on H&T Group (HAT) | Long-term pawnbroking growth, short-term cost and retail pressure   H&T Group plc (LON:HAT) is the topic of conversation when Hardman & Co Analyst Mark Thomas joins DirectorsTalk Interviews.   Mark talks through his report entitled 'Growing pawnbroking core will drive ot...
Hardman & Co Research
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15 February 2024 11:57AM
Looking forward to improved relative performance
  London, UK, 15 Februar 2024   Edison issues review on Finsbury Growth & Income Trust (FGT): Looking forward to improved relative performance Finsbury Growth & Income Trust (FGT) has been managed by Nick Train since the beginning of 2001 and in 2019 Madeline Wright was appointed as the trust’s deputy portfolio manager. Despite an impre...
Edison Investment Research Limited
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14 February 2024 01:10PM
Manager anticipates a small-cap super cycle
  London, UK, 14 Februar 2024   Edison issues update on The Diverse Income Trust (DIVI): Manager anticipates a small-cap super cycle The Diverse Income Trust’s (DIVI’s) managers Gervais Williams and Martin Turner focus on generating a dividend income stream that is more resilient and has the potential to grow faster than those of the trust’s pe...
Edison Investment Research Limited
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13 February 2024 08:15AM
What we can learn from the Report and Accounts
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  Analyst interview | Investment Companies Q&A on Volta Finance (VTA) | What we can learn from the Report and Accounts  Volta Finance Ltd is the topic of conversation when Hardman & Co analyst, Mark Thomas, joins DirectorsTalk Interviews.   In this interview, Mark provides an overview of his report entitled Insights from the Report and...
Hardman & Co Research
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12 February 2024 01:35PM
On track to meet dividend target
  London, UK, 12 Februar 2024   Edison issues update on Custodian Property Income REIT (CREI): On track to meet dividend target Custodian Property Income REIT (CREI) has released a trading update for the three months to 31 December 2023 (Q424). The quarterly DPS was fully covered by unaudited EPRA earnings and was in line with the full year tar...
Edison Investment Research Limited
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06 February 2024 03:00PM
Rent cover at a high and fully covered DPS
  London, UK, 6 Februar 2024   Edison issues update on Target Healthcare REIT (THRL): Rent cover at a high and fully covered DPS Target Healthcare REIT’s Q224 update shows indexed rent reviews driving increased earnings and property values. Tenant profitability continues to strengthen, reflected in a new high level of rent cover and a continuin...
Edison Investment Research Limited
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05 February 2024 01:01PM
Preliminary FY23 NAV total return of 10.7%
  London, UK, 5 February 2024   Edison issues flash on HgT (HGT): Preliminary FY23 NAV total return of 10.7% HgT’s preliminary unaudited FY23 trading update reported a 10.7% net asset value total return (NAV TR) in FY23 (of which c 1% in Q423). This was supported by continued strong trading across its portfolio, with the top 20 holdings (repres...
Edison Investment Research Limited
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05 February 2024 12:40PM
Responding to challenging times
  London, UK, 5 February 2024   Edison issues flash on Gresham House Energy Storage Fund (GRID): Responding to challenging times Gresham House Energy Storage Fund (GRID) is the largest UK fund investing in utility-scale battery energy storage systems (BESS). A recent sharp decline in gas prices, a ‘disappointing’ start to the Energy System Oper...
Edison Investment Research Limited
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02 February 2024 01:18PM
Strategic options being considered
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  London, UK, 2 February 2024   Edison issues update on Ocean Wilsons Holdings (OCN): Strategic options being considered Ocean Wilsons Holdings’ (OCN’s) strategic review remains ongoing. Despite the review and the potential for value realisation, OCN still trades at a c 51% discount to its value, which we believe is 2,564p. To value OCN we hav...
Edison Investment Research Limited
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31 January 2024 11:58AM
Capturing rent potential in Q3
  London, UK, 31 January 2024   Edison issues update on Picton Property Income (PCTN): Capturing rent potential in Q3 Picton Property Income’s (PCTN’s) Q324 trading update details a range of positive leasing events that provided underpinning to income, reflected in its well-covered DPS. Together with progress on specific asset management initia...
Edison Investment Research Limited
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31 January 2024 11:50AM
Bounce back in FUM after strong quarter
Hardman & Co Research on City of London Investment Group (CLIG): Bounce back in FUM after strong quarter   City of London has announced its trading statement for 2Q’24. Both developed and emerging markets bounced back from a weak 1Q’24 and posted gains for the six-month period. Over 1H’24, the MSCI Emerging Markets TR Index increased 4.7% w...
Hardman & Co Research
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31 January 2024 10:15AM
Strong cash flow underpins further DPS growth
  London, UK, 31 January 2024   Edison issues update on Impact Healthcare REIT (IHR): Strong cash flow underpins further DPS growth Impact Healthcare REIT’s Q423 update shows a continued strengthening in operational and financial tenant performance, reflected in a record level of rent cover and 100% rent collection. With cash flow remaining str...
Edison Investment Research Limited
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30 January 2024 03:37PM
High-quality equity offering in an uncertain world
  London, UK, 30 January 2024   Edison issues review on Martin Currie Global Portfolio Trust (MNP): High-quality equity offering in an uncertain world Martin Currie Global Portfolio Trust’s (MNP’s) manager Zehrid Osmani was correct in his assumption that investors were too conservative in 2023; global equities delivered an above-average total r...
Edison Investment Research Limited
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30 January 2024 11:20AM
Continues to deliver an 8–10% dividend yield
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  London, UK, 30 January 2024   Edison issues update on Riverstone Credit Opportunities Income (RCOI): Continues to deliver an 8–10% dividend yield Riverstone Credit Opportunities Income (RCOI) reported an FY23 NAV total return (TR) of 6.0%, with continued steady income from its fully invested portfolio, though with some headwinds from the valu...
Edison Investment Research Limited
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25 January 2024 01:09PM
Starting a new chapter
  London, UK, 25 January 2024   Edison issues re-initiation on Heliad (A7A): Starting a new chapter Heliad Equity Partners (HEP) and FinLab completed their merger in Q423. Heliad, the new combined entity, has seen positive developments across its three largest holdings recently. flatexDEGIRO, while still affected by the low trading activity acr...
Edison Investment Research Limited
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24 January 2024 05:41PM
Proposed merger
  London, UK, 24 January 2024   Edison issues flash on Custodian Property Income (CREI): Proposed merger Custodian Property Income REIT (CREI) and abrdn Property Income Trust have announced a proposed all-share merger, recommended by both boards. This recommendation reflects the increased diversification of income that the combined company will...
Edison Investment Research Limited
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24 January 2024 03:25PM
Buying good companies at attractive valuations
  London, UK, 24 January 2024   Edison issues update on Henderson International Income Trust (HINT): Buying good companies at attractive valuations Henderson International Income Trust (HINT) is meeting its long-term objectives to provide both rising income and capital appreciation. It adopted a more generous dividend policy in 2021 and its 4.7...
Edison Investment Research Limited
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24 January 2024 01:05PM
Insights from the Report and Accounts
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Hardman & Co Research | Closed End Investments Volta Finance Limited (VTAS) | Insights from the Report and Accounts   In this note, we review the key information and messages investors should take from the recent Report and Accounts. In particular, we note the detailed explanations as to how Volta is delivering strong returns. This performan...
Hardman & Co Research
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23 January 2024 06:47PM
Growing pawnbroking core will drive other services
Hardman & Co Research on H&T Group (HAT): Growing pawnbroking core will drive other services   In our 15 March 2023 initiation, Pawnbroking royalty, with strong, profitable growth, and later notes, we have highlighted the strong market for pawnbroking and why H&T, as the market leader, is uniquely placed to take advantage of these op...
Hardman & Co Research
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23 January 2024 10:40AM
Strong revaluation boost from Futura
  London, UK, 23 January 2024   Edison issues update on Baker Steel Resources Trust (BSRT): Strong revaluation boost from Futura Baker Steel Resources Trust (BSRT) has reported a strong 16.3% NAV increase in its end-December 2023 monthly update (reducing the FY23 NAV decline to 6.3%), following its year-end portfolio valuations update. The key ...
Edison Investment Research Limited
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19 January 2024 12:45PM
Analysing the risk and reward opportunity for investors
Analyst interview | Investment Companies Q&A on ICG Enterprise Trust (ICGT) | Analysing the risk and reward opportunity for investors  ICG Enterprise Trust (ICGT) is the topic of conversation when Mark Thomas, Analyst at Hardman & Co, joins DirectorsTalk Interviews. In this interview, Mark discusses his recent report entitled 'Putting th...
Hardman & Co Research
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18 January 2024 10:31AM
Attractive offering of income and capital growth
  London, UK, 18 January 2024   Edison issues update on Murray International Trust (MYI): Attractive offering of income and capital growth Murray International Trust’s (MYI’s) three managers, Bruce Stout, Martin Connaghan and Samantha Fitzpatrick, have worked closely together since 2001, so it will be business as usual when Stout retires at the...
Edison Investment Research Limited
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17 January 2024 11:03AM
Focused on growing earnings
  London, UK, 17 January 2024   Edison issues update on Picton Property Income (PCTN): Focused on growing earnings Having previously updated on Picton Property Income’s H124 results, we are re-instating forecasts following the cessation of merger discussions with UKCM. In a challenging environment, H124 financial performance was resilient, supp...
Edison Investment Research Limited
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08 January 2024 01:18PM
Scope for the trust to get back on track in 2024
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  London, UK, 8 January 2024   Edison issues review on Worldwide Healthcare Trust (WWH): Scope for the trust to get back on track in 2024 Worldwide Healthcare Trust’s (WWH’s) co-managers, Sven Borho and Trevor Polischuk, at global healthcare specialist OrbiMed, are disappointed with WWH’s performance as, in recent years, the trust has faced bot...
Edison Investment Research Limited
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08 January 2024 11:06AM
Niobium husking
  London, UK, 8 January 2024   Edison issues initiation on NioCorp Developments (NB): Niobium husking NioCorp is developing the Elk Creek mine in Nebraska, which currently hosts the second largest ‘indicated’ or better rare earth resource in the US and, once in production (potentially in FY27), will be North America’s only mine producing niobiu...
Edison Investment Research Limited
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19 December 2023 12:19PM
Driving AI and data centre technology
  London, UK, 19 December 2023   Edison issues initiation of coverage on Northern Data Group (NB2): Driving AI and data centre technology Northern Data Group is a specialist provider of high-performance computing (HPC) infrastructure solutions. By leveraging a successful cryptocurrency mining heritage to fund global growth, the group has been ...
Edison Investment Research Limited
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18 December 2023 12:14PM
Occupier demand continues to drive income
  London, UK, 18 December 2023   Edison issues update on Custodian Property Income REIT (CREI): Occupier demand continues to drive income In H124, Custodian Property Income REIT (CREI) continued to benefit from robust occupier demand, underpinning earnings and dividends. Rents continued to grow and occupancy increased, with further near-term pr...
Edison Investment Research Limited
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15 December 2023 10:25AM
Strong performance record vs benchmark and peers
  London, UK, 15 December 2023   Edison issues update on The Brunner Investment Trust (BUT): Strong performance record vs benchmark and peers The Brunner Investment Trust (BUT) has two co-managers, Christian Schneider (CIO global growth) and Julian Bishop (global growth specialist), who are supported by deputy managers Simon Gergel (CIO UK equi...
Edison Investment Research Limited
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15 December 2023 10:19AM
UK equity valuations providing many opportunities
  London, UK, 15 December 2023   Edison issues review on The Merchants Trust (MRCH): UK equity valuations providing many opportunities The Merchants Trust (MRCH) manager, Simon Gergel at Allianz Global Investors, has been at the helm for the last 17 years during a variety of market environments. He has remained true to his investment process, s...
Edison Investment Research Limited
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15 December 2023 09:47AM
Solid exits in FY23, expanding into private debt
  London, UK, 15 December 2023   Edison issues update on Deutsche Beteiligungs (DBAN): Solid exits in FY23, expanding into private debt Deutsche Beteiligungs (DBAG) posted a strong 18.1% NAV TR in FY23 (to end-September 2023), which more than offset the NAV TR loss in FY22 of c 13%. Its performance benefited from, among other factors, comparabl...
Edison Investment Research Limited
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15 December 2023 09:42AM
Ready to exploit valuation dislocations in Asia
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  London, UK, 15 December 2023   Edison issues update on Invesco Asia Trust (IAT): Ready to exploit valuation dislocations in Asia Invesco Asia Trust’s (IAT’s) one-year NAV total return (TR) of negative 3.7% (vs negative 3.5% for the benchmark) was limited by the measured Chinese re-opening rebound, as the trust moved to an overweight position ...
Edison Investment Research Limited
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14 December 2023 05:30PM
Competitive advantages AXA IM brings as manager
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Hardman & Co analyst interview | Investment Companies Q&A on Volta Finance Ltd | Competitive advantages AXA IM brings as manager  Volta Finance Ltd is the topic of conversation when Hardman & Co Analyst Mark Thomas joins DirectorsTalk Interviews.   In this interview Mark takes us through his recent report on Volta entitled ‘The bene...
Hardman & Co Research
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14 December 2023 02:02PM
Long-term outperformance from high-quality fund
  London, UK, 14 December 2023   Edison issues update on BlackRock Greater Europe Investment Trust (BRGE): Long-term outperformance from high-quality fund BlackRock Greater Europe Investment Trust (BRGE) has two co-managers: Stefan Gries (since June 2017) and newly appointed Alexandra Dangoor (since September 2023). They highlight that Europe i...
Edison Investment Research Limited
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13 December 2023 05:55PM
Edison issues Update on Templeton Emerging Markets IT (TEMIT) – Under-owned, undervalued & under-appreciated.
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  London, UK, 13 December 2023   Edison issues Update on Templeton Emerging Markets IT (TEMIT) – Under-owned, undervalued & under-appreciated. Templeton Emerging Markets Investment Trust’s (TEMIT’s) co-managers Chetan Sehgal (lead manager) and Andrew Ness consider that the case for emerging markets is not well understood. Hence, they believ...
Edison Investment Research Limited
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13 December 2023 09:57AM
Good stock selection outweighing headwinds
  London, UK, 13 December 2023   Edison issues update on Henderson EuroTrust (HNE): Good stock selection outweighing headwinds Henderson EuroTrust’s (HNE’s) manager, Jamie Ross, is heartened by the trust’s outperformance in FY23 despite investors favouring lower-quality value stocks. This result was achieved through successful stock selection. ...
Edison Investment Research Limited
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12 December 2023 11:35AM
Quality and value focus with an attractive yield
  London, UK, 12 December 2023   Edison issues update on abrdn Asian Income Fund (AAIF): Quality and value focus with an attractive yield abrdn Asian Income Fund (AAIF) is managed by abrdn’s Singapore-based Asian equity team. As a local investor, the research team collectively speaks multiple Asian languages, so it can communicate with companie...
Edison Investment Research Limited
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12 December 2023 10:20AM
China’s recovery well worth the wait
  London, UK, 12 December 2023   Edison issues update on Baillie Gifford China Growth Trust (BGCG): China’s recovery well worth the wait Baillie Gifford China Growth Trust (BGCG) invests in China, focusing on innovative, rapidly growing companies best positioned to benefit from China’s still favourable long-term economic outlook and the structu...
Edison Investment Research Limited
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11 December 2023 08:45AM
Building a major global adtech player
  London, UK, 11 December 2023   Edison issues outlook on MGI – Media and Games Invest (M8G): Building a major global adtech player MGI – Media and Games Invest (MGI) continues to steadily gain market share in a difficult trading environment. It is the leading mobile open web supply-side platform on both Android and iOS in North America, and se...
Edison Investment Research Limited
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07 December 2023 05:20PM
The benefits of having AXA IM as the manager
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Hardman & Co Research on Volta Finance Limited (VTAS): The benefits of having AXA IM as the manager   In this note, we review the value added to Volta by having AXA IM as the manager. In particular, AXA IM’s scale in Alternative Credit brings i) greater resourcing, allowing specialist expertise to identify mis-priced opportunities and manag...
Hardman & Co Research
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06 December 2023 05:01PM
H1 results confirm attractive potential total return
  London, UK, 6 December 2023   Edison issues flash on SDCL Energy Efficiency Income Trust (SEEIT): H1 results confirm attractive potential total return SDCL Energy Efficiency Income Trust (SEEIT) has taken a prudent approach to discount rate adjustments in the period, leading to a 10.9p reduction in net asset value (NAV) per share from 101.5p ...
Edison Investment Research Limited
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06 December 2023 10:36AM
Bovemij proposes to pay dividend for 2023
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  London, UK, 6 December 2023   Edison issues flash on PB Holding (PBH): Bovemij proposes to pay dividend for 2023 PB Holding reported that the company’s most important asset, car insurer Bovemij, in which it has a 5.3% stake, intends to pay an unexpected special dividend in December 2023 of €0.60 per Bovemij certificate. This represents €0.31m...
Edison Investment Research Limited
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06 December 2023 10:16AM
Offering an attractive dividend yield
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  London, UK, 6 December 2023   Edison issues update on Princess Private Equity Holding (PEY): Offering an attractive dividend yield Princess Private Equity Holding (PEY) posted a year-to-date NAV total return to end-October 2023 of 4.9%, 2.4% of which was from Q323. PEY’s performance continues to be assisted by portfolio earnings, with last-tw...
Edison Investment Research Limited
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04 December 2023 04:00PM
Hidden gems strategy delivering new investment opportunities
Hardman & Co analyst interview | Investment Companies Q&A on Apax Global Alpha | Hidden gems strategy delivering new investment opportunities  Apax Global Alpha (LON:APAX) is the topic of conversation when Mark Thomas, Analyst at Hardman & Co joins DirectorsTalk Interviews. In this interview Mark discusses his recent report on the co...
Hardman & Co Research
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04 December 2023 03:43PM
Spacetech enjoying sustained secular tailwinds
  London, UK, 4 December 2023   Edison issues update on Seraphim Space Investment Trust (SSIT): Spacetech enjoying sustained secular tailwinds Seraphim Space Investment Trust (SSIT) saw a 12-month share price decline of c 30%, while its NAV fell by only 7.1% in FY23 (to end-June 2023), shielded in part by the downside protection embedded in its...
Edison Investment Research Limited
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30 November 2023 01:43PM
Resilient H124 with fully covered DPS
  London, UK, 30 November 2023   Edison issues update on Picton Property Income (PCTN): Resilient H124 with fully covered DPS In a challenging market environment, Picton Property Income (PCTN) produced a resilient H124 financial performance, supporting fully covered DPS. This was underpinned by continued portfolio outperformance of the MSCI UK ...
Edison Investment Research Limited
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29 November 2023 12:06PM
Hardman & Co Video | Surface Transforms (SCE) Open Offer and Q&A
Hardman Talks Video | Surface Transforms Surface Transforms Open Offer and Q&A Following the recent announcement of a placing and public offer by Surface Transforms, the management team of David Bundred, chairman, Kevin Johnson, CEO, and Isabelle Maddock, CFO, appeared on Hardman Talks to explain the need for further funding. This will suppor...
Hardman & Co Research
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28 November 2023 02:30PM
Actively managing the portfolio to the latest market opportunities
Hardman & Co analyst interview | Investment Companies Q&A on Real Estate Credit Investments | Actively managing the portfolio to the latest market opportunities  A Real Estate Credit Investments (LON:RECI) is the topic of conversation when Mark Thomas, Analyst at Hardman & Co joins DirectorsTalk Interviews. In this interview Mark giv...
Hardman & Co Research
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