Technicolor BUY – TP EUR4.3 Return to Pride Lands
Technicolor BUY – TP EUR4.3Return to Pride Lands
Technicolor’s stock performance over recent years has been a story of missed
objectives and disappointments, with a combination of operational
misconducts and adverse market conditions.
We now believe, however, that the time is right to start considering the investment
case again.
With a new management team, a new strategy and streamlined businesses, Technicolor
is now very different to how it was. In this note, we highlight why we believe the group
should be considered from a fresh perspective.
More specifically, we show that:
• Most of the issues behind the share price decline in recent years have been
fixed and are now history.
• The first signs of a successful and sustainable turnaround are visible, despite
the Covid pandemic.
• In the different businesses’ outlooks, the very attractive “Production Services”
Division harbours good potential, while further value could also be hidden in
TCH’s less attractive businesses.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.