We initiate coverage of Exor with a Buy recommendation (30.6% upside potential). Exor is a leading investment holding company controlled by the Agnelli/Elkann family, it is quite transparent as it…

As we always say, a hearing aids stock is as good as the next product and William Demant Holding’s/WDH share price has clearly mirrored this. The launch of the ‘novel’ 2.4GHz…

The group is currently succeeding in acquiring new customers in France on both Fixed and Mobile, but at the expense of revenue and margins. We remain at Buy on Altice…

Over the last 10 years, 5 years or 6 months, Investor has left GBL for dead, performance-wise. This is worth exploring briefly as both firms share similar features: family control with an indisputable long-term…

Natixis confirmed this morning its interest in the French company Ingenico. We mentioned this possibility in February 2018 as Natixis wants to push into the payments industry. This interest and…

Atlantia is your typical concession company, meaning a robust business model and recurrent cash flows. It diversified into Airport concessions in 2013 and two of its motorway concessions held by 88%-owned Autostrade were prolonged…

Since the great financial crisis, Crédit Agricole SA (CASA)’s share price has had quite an atypical path with a performance in line with that of its peers followed by an outperformance…

Within two days, Scor has rejected Covéa’s friendly bid (€43/share) and denied rumours linking it to Partner Re. The French reinsurer confirmed, at its Investors Day, its targets for all…

According to Bloomberg, Euronext is the leading bidder for the acquisition of MarkitServe, which is IHS Markit’s derivatives processing unit. The price would be above $1bn. The purchase of this…

We identified 11 companies able to go beyond Trump’s tweets and respect the following criteria : Good «Fundamental Strength » Market cap between €1.5bn and €20bn Singular business model (capital…