FFP : H1 NAV € 142.1 per share, down -21%, mainly due to listed stakes
>NAV down -21% at 30 June - FFP reported H1 NAV of € 142.1 versus € 179.5 at the end of 2019, showing a fall of -21%. However, the decline is mainly attributable to the listed stakes, which came in at € 2.636bn vs € 3.496bn at the end of 2019, a drop of -25%. The unlisted stakes were valued at € 1.785bn vs € 1.706bn, up a slight +5%. Last, net financial debt came to € 881m vs € 730m, up 21%.The LTV ratio came to 21%, a perfectly decent level, while the group stil...Societe Fonciere, Financiere ACT is an investment holding company which acts as a long-term investor and an active shareholder. As of Dec 31 2010, Co. held 22.1% of the share capital of PSA Peugeot Citroen. Co. usually purchases minority stakes in companies with a large family shareholding. Co. has a portfolio of private equity funds which operate mainly in Europe and countries with emerging economies. Co. also operates a financial investment and cash management business, as well as a real estate and wine-producing businesses.
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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