Tessenderlo $TESB $TESB.BR has NOT been granted a permit to build their new gas-fired power station. There were 2 steps after filing their proposal: 1. Get selected for subsidies, but only if 2. They would get the environmental permit
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Replying to @jefke00
To be a bit provocative: not necessarily a bad news. I believe they can better allocate their K on their existing BUs + the market might overreact and give us opportunity to buy some more at a greater discount 馃槄

Oct 16, 2021 路 8:27 AM UTC

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Replying to @BourseRaph @jefke00
The plant would have started generating cash no earlier than 2026! With huge execution risks
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Replying to @BourseRaph @jefke00
Their core business is not power generation! I love companies that focus on their core. That is where they are at their best
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Not the core business BUT it's the business where the margin % is the higher in TESS business (20% ebit margin) ... L.Tack is a great capital allocator and the T.Power1 project was a proof. Using the cash at a 20% ebit margin is better than using it in the industry sector :)
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