Markets this Thursday, ore, oil, Vale results, Petroreconcavo dividend, Trisul and other highlights

Published at 7:56 am

Updated at 8:09 am with information about Klabin’s dividend

Stock markets, oil and bitcoin (7h55)

Germany (DAX): -0.56%

London (FTSE 100): +0.67%

Japan (Nikkei 225): +0.04% (trading closed)

China (Shanghai Comp.): +0.27% (trade closed)

Hong Kong (Hang Seng): +0.48% (trading closed)

Brent oil: +0.11% ($88.1). Brent is a reference for Petrobras.

WTI Oil: +0.10% ($82.9)

Bitcoin Futures: +0.36% ($64,102)

Iron ore in Dalian (7:54 am – Brasília time)

The iron ore futures contract for September 2024 traded on the Dalian exchange, in China, had, at the time above, increased by 1.03% to 880 yuan (US$ 121.4). The price could impact the shares of Brazilian Vale (VALE3) and CSN Mineração (CMIN3). Please note that the price of the contract above will still fluctuate in the coming hours. This data was obtained from the link: http://www.dce.com.cn/DCE/Products/Industrial/Iron%20Ore/index.html

Stock futures in New York

At 7:55 am on Wall Street, the Dow Jones futures were down 0.51% and the S&P 500 futures were down 0.54%. Nasdaq futures fell 0.92%.

Corporate News

Klabin (KLBN11) announces payment of dividend

Klabin’s board of directors (KLBN11) approved the payment of dividend. The information was released this Thursday, 25.

The value of the distribution is R$330 million reais. The value corresponding to common and preferred shares is R$0.05970763088. The value corresponding to the Units is R$0.29853815440/Unit.

Anyone who holds shares at the close of trading on May 3, 2024 (base date) will be entitled to receive dividends. Shares and Units will be traded “ex-dividends” from May 6, 2024. Dividends will be paid on May 16, 2024.

Klabin also released its first quarter results today. The company had a net profit of R$460 million in the first quarter of 2023 (1Q24). This value corresponds to a 64% drop compared to 1Q23. Adjusted Ebitda totaled R$1.65 billion, a 15% drop compared to 1Q23.

JP Morgan buys Usiminas shares (USIM5)

JP Morgan Chase & Co increased its stake in Usiminas (USIM5), as informed by the steel company on the night of Wednesday, 24th.

Certain companies controlled by JP Morgan acquired a total of 3,496,431 preferred shares of Usiminas on April 22, 2024. Thus, based on the company’s share capital represented by 547,752,163 preferred shares, the participation of the JP Morgan economic group increased to 5.03% of the total preferred shares issued by Usiminas.

BlackRock reduces stake in Sanepar (SAPR11)

The American manager BlackRock, one of the largest in the world, reduced its stake in Sanepar (SAPR11, SAPR4).

BlackRock, on behalf of some of its clients, in its capacity as investment manager, sold preferred shares issued by Sanepar, and on April 19, 2024, its holdings, in aggregate, became 7,172,529 preferred shares and 10,702,014 units, representing 10,702,014 common shares and; 42,808,056 preferred shares, totaling 49,980,585 preferred shares representing approximately 4.960% of the total preferred shares issued by the company and 414,972 derivative financial instruments referenced in preferred shares with financial settlement, representing approximately 0.041% of the total preferred shares.

“The purpose of the equity interests mentioned above is strictly investment, and does not aim to change the shareholding control or administrative structure of the company,” explained BlackRock.

Magazine Luiza (MGLU3): assembly approves grouping

The ordinary and extraordinary general meeting of Magazine Luiza (MGLU3) held the day before approved the grouping of ordinary shares at a ratio of 10:1, so that each batch of 10 shares is grouped into 1 share, without changing the share capital figure.

Within 30 days (from April 25th to May 24th, inclusive), shareholders may, at their free and exclusive discretion, adjust their respective shareholding positions, in multiple lots of 10 shares, through private negotiation or in the B3 environment, so that the shares held by you do not generate fractions after the consummation of the reverse split.

In the first trading session after the end of the period for free adjustment of positions, that is, on May 27, 2024, the shares issued by the company will begin to be traded in an exclusively grouped manner.

PetroReconcavo (RECV3): assembly approves dividend

Shareholders of PetroReconcavo (RECV3) gathered at an ordinary and extraordinary general meeting, held on Wednesday, 24th, approved the additional remuneration to shareholders in the form of dividends.

The value is R$17,358,908.12, which corresponds to R$0.059283 per common share.

The base date is this Wednesday, April 24th. The shares will be traded “ex-dividends” on B3 from April 25, 2024, inclusive.

Trisul (TRIS3): assembly approves distribution of dividends

Trisul (TRIS3) shareholders gathered at an ordinary general meeting held on Wednesday, 24th, approved the declaration and distribution of mandatory minimum dividends. The total value is R$29,421,603.13 equivalent to 0.16155726263 per common share.

The distribution of additional dividends was also approved, in the amount of R$6,578,396.87 equivalent to 0.03612270161 per common share.

People registered as shareholders of the company on the base date of April 24th (this Wednesday) will be entitled to declared mandatory dividends. In relation to mandatory dividends, the shares will be traded “ex-dividends” from April 25, 2024.

People registered as shareholders of the company on the base date of April 29, 2024 (next Monday) will be entitled to the additional dividends declared, respecting the negotiations carried out up to and including that date. The shares will be traded additional “ex-dividends” from April 30, 2024.

The payment of mandatory and additional dividends will be made in 2 installments of equal value, with the first installment paid by May 31, 2024, and the second installment paid by September 30, 2024.

Vale (VALE3) reports net profit attributable to shareholders of US$ 1.67 billion in 1Q24, a drop of 9%

The mining company Vale (VALE3) released the results for the first quarter of 2024 (1Q24). The company reported net profit attributable to shareholders of US$1.679 billion. This value corresponds to a 9% drop compared to 1Q23 (US$ 1.83 billion).

Vale’s adjusted Ebitda reached US$3.438 billion, a drop of 7% compared to 1Q23.

At 8:14 pm, Vale’s ADRs (share receipts traded in New York) had fallen 1.37% in after-hours trading in NY.

“We started 2024 well, driven by our commitment to operational excellence. In the Iron Ore Solutions business, our iron ore sales increased 15% year-on-year, supported by strong production – the highest Q1 production since 2019. We are also making progress on our growth projects, which will help improve the quality and flexibility of our product portfolio. Within the Metals for Energy Transition business, the better performance at the Salobo complex, combined with the ramp-up of the Salobo 3 plant, allowed an increase in copper production and sales volumes. Promising results were also seen in our nickel operations in Canada, with greater availability of our own ore, commented Eduardo Bartolomeo, CEO of Vale.

Eneva (ENEV3) says ‘it is not engaged in any negotiations and has not signed any document with Petroreconcavo’

Eneva (ENEV3) spoke out on Wednesday, 24th, after the market closed, about the information released by the newspaper Valor Econômico, entitled “Exclusive: Eneva and PetroReconcavo study merger”.

In the statement, Eneva highlighted that “it is not engaged in any negotiations and has not signed any document with Petroreconcavo”.

Eneva further explained that it remains focused on executing its strategic plan and its Capex program, but that it “constantly analyzes business opportunities that can strengthen its position in its sector”.

Méliuz (CASH3) announces acquisition of 19.4% of Zoppy

Méliuz (CASH3) signed a contract to acquire 19.4% of Zoppy Tecnologia, a company that provides CRM (Customer Relationship Management) management services aimed at the small and medium-sized retailer market, for R$2.9 million.

Zoppy is an ecosystem for brands to interact with their consumers and, through giftback, marketing automation, data and customer segmentation, revolutionizes purchasing loyalty and improves consumer satisfaction with less effort for retailers.

The startup has more than 500 brands in its portfolio across the country. In addition to the acquisition of 19.4%, the sellers granted an option to purchase another minority portion of the share capital in 2026 and the remaining portion of the share capital in 2029, both at the sole discretion of Méliuz, whose exercise price will be calculated based on based on financial metrics calculated in fiscal years 2025 and 2028, respectively.

Assaí (ASAI3) releases its 1Q24 results. See the numbers:

Assaí (ASAI3) announced on the night of Wednesday, 24, that it reported net profit of R$93 million in the first quarter of 2024 (1Q24), an increase of 19.2% compared to 1Q23. This result disregards the impacts of the international accounting standard IFRS 16, which establishes new criteria for accounting for leases.

When taking into account the impact of IRFS 16, net profit in 1Q24 was R$60 million, a drop of 16.7% compared to 1Q23.

They release results this Thursday, 25th:

Klabin – before the markets opened.

Cielo, Multiplan – after market closures.

There’s a ‘date with’ this Thursday, 25th:

Petrobras (PETR3, PETR4)

The ‘date with’ to be entitled to the (ordinary) dividend announced by Petrobras on March 7th is this Thursday, the 25th. The shares will be traded ex-rights from April 26th, 2024. The amount to be paid is R$ 1.09894844 per preferred and ordinary share. These dividends will be paid in two equal installments as follows: the first installment on May 20, in the amount of R$0.54947422 per preferred and common share; and second installment on June 20th, in the amount of R$0.54947422 per preferred and common share. It is worth remembering that at the general meeting scheduled for this Thursday, the 25th, Petrobras may decide on the payment of extraordinary dividends.

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