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Research update: Balda AG

September 26, 2006



Credibility lost - management must go

In a press interview less than a week ago the CEO Joachim Gut indicated there is no reason to lower forecasts. This was despite warnings elsewhere in the industry. Last month the company were also fine with our forecasts. Balda has now more than ...


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Research Update: Balda AG

August 23, 2006



Positive touch-screen move hidden by weak Q2

Balda's has made a highly positive move in buying 50% of TPK Holding, a touch screens producer. The potential benefits though have been largely ignored by investors due to the group's weak second quarter 2006 figures and poor communications. We believe the value-added acquisition could in 2007...


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Research Note: Balda AG

April 26, 2006



First Quarter 2006 results - down, but expected

The world's second largest system supplier of high-performance precision plastic components for mobile phones reported first quarter 2006 sales up by 14.7% to €92.7m. EBIT though fell to €7.3m from €10.2m and....


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Research note: Balda AG

March 03, 2006



Communications discount

The world’s second largest system supplier of high-performance precision plastic components for mobile phones reported solid provisional 2005 results. However, again Balda has made ...


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Research update: Balda AG

October 26, 2005



Sound first nine months 2005 result

The world's second largest system supplier of high-performance, precision plastic components for mobile phones reported solid interim results. Full year sales forecasts are being maintained ...


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Research note: Balda AG

August 18, 2005



Solid earnings and cash flow, low multiples

Balda is the world's second-largest system supplier of high-performance, precision plastic components for mobile phones. The group has ...


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