Market Talk Mar 9th (powered by Credit Suisse)
09.03.07 11:10

 

Sika - FY sales 3.9bn (+33-5% and organic growth +16.8%) already announced / today showing net profit +51% at 234m (vs cons 224m) / EBIT 371m (vs cons 373m). Outlook: confirms goal of 8-10% internal growth - company proposes dividend of CHF 5.20/bearer shares (BB). 

 

Mobilezone  - FY sales 296m (vs cons 296m) / EBIT 20.2m (vs cons 20.8m) / net profit 16.1m (vs cons 16.8m). Outlook: company expects sales in ’07 to increase - to raise dividend to CHF 0.30 (BB).

 

Converium - is looking for a white knight as an alternative to a bid from SCOR - though it has not yet found onw, chairman M. Dennler is talking to parties he didn’t identify (WSJ). Schaffner - Alpine select holds 10.02% of shares (BB).

 

Basilea - Basilea announces rights and share offering in support of its strategy to commercialize its phase III investigational drugs - the subscription and offer price is expected to be set on March 21st - offering up to 1.495m shares to existing shareholders at a ratio of 1:5 (BB).

 

 
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