Streetbeat News

TVAVF

Tel Aviv Stock Exchange Ltd

Open

11.75

Mkt cap

1.1B

Volume

100

High

11.79

P/E Ratio

43.67

52-wk high

12.07

Low

11.75

Div yield

0.01

52-wk low

5.50

The Tel-Aviv Stock Exchange reported strong financial results for Q3 2024, with a 14% increase in revenue to NIS 109 million, a 17% rise in EBITDA to NIS 45 million, and a 43% growth in net profit to NIS 26 million.

Portfolio Pulse from

November 20, 2024 | 6:00 pm

Bill Ackman and Neri Oxman have acquired a 5% stake in the Tel Aviv Stock Exchange Ltd (TVAVF) for $17 million. This is Ackman's first major investment in Israel amid the conflict with Hamas. The Tel Aviv Stock Exchange confirmed the sale of an 18.5% stake to investors, with Ackman and Oxman being the only named buyers in the deal arranged by Jefferies Financial Group Inc. (JEF). Ackman has been addressing the rise in antisemitism and controversies involving Oxman's academic work. Despite these issues, Ackman's Pershing Square Capital Management reported a strong performance in 2023 with a 26.7% return.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 8:00 am

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