Report
Geoffroy Michalet

FFP : Road show feedback, further information

>Share performance surprisingly correlated with PSA and Safran - To our surprise, we observe that FFP’s share price since the start of the year has moved fully in line with that of PSA and Safran, even though these two stakes represent just 28% and 6% of the gross asset value. This is particularly surprising as in the end the unlisted stakes in the portfolio (40% of GAV) were completely resilient. The market seems not to have noticed FFP’s diversification since 2007, ...
Underlying
FFP
FFP

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.

Provider
Oddo BHF
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.

Analysts
Geoffroy Michalet

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