Report
Jerôme Bodin

M6 : Update on M6: what is the situation?

>The share remains attractive and is trading below its fundamental valuation - We propose an update on the M6 share, which has made strong gains in the last three months (+41%). This is due to good 2020 results and the prospect of a possible sale and change of control. According to the press, a number of groups have expressed interest in acquiring RTL Group’s 48.3% stake. The main question is what the consequences of the acquisition will be for minority shareholders ...
Underlying
Metropole Television SA

Co. is engaged in the media industry, primarily television edition & broadcasting. Co.'s operations can be divided into three segments. In the Free-to-Air segment, Co. operates a Free-to-Air terrestrial TV network, financed exclusively by advertising. In the Digital TV segment, Co. broadcasts many digital channels. In the Diversification & audiovisual rights segment, Co. purchases audiovisual rights. Co. is also engaged in distance-selling business, allows viewers to play an active role in the unfolding of programs proposed to them, develops mobile phone content; publishes a family of websites, organizes events & shows, & manages football Club des Girondins de Bordeaux.

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
Jerôme Bodin

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