FFP : NAV at end-2018: -2.6% at € 150.3, just ahead of our expectations, sharp increase in NAV since the start of 2019: +15.5% at € 173.6
>NAV at end-2018: € 150.3, i.e. -2.6%, just ahead of our forecasts - FFP yesterday evening issued a press release detailing its NAV at end-2018: Its NAV at end-2018 came to € 150.3, down -2.6%. This is a shade higher than our forecasts (€ 148.2, i.e. -4.6% - see our note of 8 March 2019). Its decline (-€ 125m) for the first time stems from managed assets, i.e. excluding PSA shares (-€ 268m) and more specifically from listed securities which were affected by the ...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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