Oddo BHF - ALTAMIR Act porteur (LTA) Altamir : ANR stable, activité encore faible, décote cohérente (-24%)

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Oddo BHF

Geoffroy Michalet

Altamir : ANR stable, activité encore faible, décote cohérente (-24%)

>ANR assez stable au T1 2024 - Altamir a publié son ANR à fin mars, qui, pour rappel, ne fait pas l’objet de réévaluation trimestrielle sur l’intégralité du portefeuille, seules les participations cotées sont réévaluées au T1. En revanche, Apax Partners LLP (Apax Global Alpha) revalorise son portefeuille complet chaque trimestre (-2.3% sur ce T1 pour le Private Equity), mais cette revalorisation n’a pas été retenue par Altamir. L’ANR ressort donc en légère baisse...

23/05/2024 1 FR

Underlying

ALTAMIR Act porteur

Altamir is a listed private equity company that invests exclusively alongside or in the funds managed or advised by Apax Partners France and Apax Partners LLP. Co. provides investors access to a portfolio of companies with high-growth potential, diversified by geography and by size, across Apax's six specialization sectors: Telecom, Media, Technology, Retail & Consumer, Healthcare, and Business & Financial services. Telecom and Technology are managed by Altran Technologies, GFI Informatique and others; InfoPro manages Media; Retail & Consumer runs through Alain Aflelou 2, Cole Haan and others; Business & Financial Services runs through Buy Way, Albioma, and Texa among other entities.

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FR0000053837 Euronext Paris France

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Geoffroy Michalet

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Altamir : ANR stable, activité encore faible, décote cohérente (-24%)

ODDO : ODDO BHF Nextcap Forum: Feedback from day three

ODDO : ODDO BHF Nextcap Forum : Feedbacks 3ème journée

Altamir Amboise: 1 director

Volkswagen (pref) : Profit warning on deteriorating fundamentals, particularly at VW core brand

BASF : CMD review – bringing Sum-of-the-parts back to life. Focus on “Verbund”. Keeping shareholder returns at strong € 12bn but gaining flexibility

Anheuser-Busch InBev : Guidance seen reiterated, despite cruising speed at top-end of range in H1

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