COMPANIA DE DISTRIBUCION INTEGRAL LOGISTA HOLDINGS, S.A.BME
Description
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Although its profits amounted at a record level last year 2019 at €165 million (+5.1% YoY), a head and shoulders figure appears in the short term maybe to drag the company to 14.10 zone at the end of July or beginning of August. Pharma logistics and convinience products division had a very good behaviour. EBITDA was €81.5 million (+11.3% YoY) However, in the first fiscal semester, LOGISTA experienced -11.8% profits YoY even though revenues have been stable. Ebitda is down -9%, although they've applied IFRS 16 and then it's up 1.6%, as a consequence of it.
If the company decides to pay dividend as every year at the end of August, maybe LOG will go up for the dividend appetite from 14.19€ zone. It is important to note that payout in 2019 was 93.6% and in 2020 they've increased it to 95%. Big payout, folks!