Hopscotch: Euroland's nugget of the week (correction)
Hopscotch shares hit new all-time highs on Monday on the Paris Bourse, as the stock was chosen as 'nugget of the week' by Euroland's teams.
Euroland - which gives the floor to Harry Wolhandler, head of equity management at Meeschaert AM - points out that, despite a remarkable stock market performance in 2022 (+75%) then in 2023 (+32%), the stock remains moderately valued, with an estimated PER for 2024 of less than 10x.
In a note, however, Harry Wolhandler points out that the events specialist has a positive net cash position and is a potential acquisition target.
According to the manager, the 2023 financial year was satisfactory, with organic growth of around 5% in gross margin and a slight erosion in operating margin, to 3.6%, due to an increase in headcount in preparation for the Olympic Games.
For this year, the Group anticipates another year of organic growth, accompanied by a recovery in the operating margin," says Meeschaert's managing director.
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