Worldline Shares Lag at the Bottom of SBF 120: -4.97% Today, -80% Over a Year
Worldline falls by 4.97% to €0.2656 at midday this Monday, following last week's rebound. The stock of the European payment specialist is the worst performer in the SBF 120, while the broader index is down by 0.82%. Over the year, the stock has declined by nearly 80%.
Selling Pressure Takes Over, Eyeing the €0.24 Support Level
Worldline's stock has fallen below its 20-day moving average (€0.27) after a weekly rebound of 6.24% that had lifted it out of the oversold zone last Friday. The price is now in the lower part of the Bollinger Bands, at 44% of the band, with a lower limit at €0.23. The RSI at 37 indicates buyer exhaustion for the session, without falling back into the oversold zone. The technical support at €0.24, already tested at the beginning of May, remains the next reference in case of continued decline. Selling pressure is also visible in short positions: the total declared to the AMF has reached 3.27% of the capital for four funds, up from 1.51% a month ago, an increase of 1.76 percentage points in thirty days. Helikon Investments holds the highest position at 1.51%, followed by SQUAREPOINT OPS (0.63%) and Walleye Capital (0.60%).
Refocusing Underway, Busy Financial Calendar Until Summer
The group led by Wilfried Verstraete continues its strategic refocus on European payments. The divestment of the Electronic Data Management activity to SIX, completed on May 4, adds to the disengagement from New Zealand for 17 million euros announced in mid-April. The first quarter revenue, published on April 28, amounted to 831 million euros excluding divestitures, a marginal decrease of 0.5% year-on-year, with a return to growth in Merchant Services but a decline of 7.4% in Financial Services. Based on the consensus of analysts recorded by yfinance, the stock is trading at about 1.6 times the earnings expected for the current fiscal year, compared to an average of 18.4 times for the Industrials sector, with an expected earnings per share growth of 15.5% from one fiscal year to the next. Three key dates now mark the calendar: the general meeting of shareholders on June 11, the half-year results on July 30, and the third quarter revenue on October 27.
