Hopscotch: at record high, Euroland's 'Nugget of the Week

(CercleFinance.com) - Hopscotch's share price continued to climb on Monday on the Paris Bourse, reaching new all-time highs.
Euroland's teams chose the stock as "Nugget of the Week".

At 11:15 a.m., the stock of the former Public Systèmes was up 2.8%, setting a new record since its IPO in 1998, in a Paris market up 0.6%.

Euroland - which gives the floor to Harry Wolhandler, manager at its partner Sycomore AM - points out that, despite a remarkable stock market performance in 2022 (+75%) and 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 a further year of organic growth, accompanied by a recovery in operating margin, recalls Harry Wolhandler.

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