Some French Hidden Champions reading for the Christmas holidays!
Some great interviews and company analysis to reread!
Hello!
During these Christmas holidays, here are some French Hidden Champions posts to read or reread!
Fund manager interviews
Interview and Q&A with Andrew Brown, portfolio manager and founder of the East 72 holdings fund and of the East 72 Dynastry trust fund.
You can follow Andrew on Twitter through two handles: @abroninvestor (a wider range of tweets) and @east72holdings (strictly investment). I strongly suggest everyone to hava a look at all his writeup…
Interview and Q&A with Eric Speron, portfolio manager on the Morningstar 5-star rated fund, First Foundation Total Return
*The Overall Morningstar Rating is based on the risk-adjusted returns out of 298 funds in the Morningstar US Fund Moderately Aggressive Allocation category as of 7/31/2023. First of all many thanks Er…
Interview with Louis de Fels- managing director, Head of Asset Management and Partner of Gay Lussac funds
First of all many thanks Louis to have granted me some time for this interview. It is very much appreciated. Louis manages a team of portfolio managers who manage the following funds Gay Lussac Micro…
Some posts on some interesting companies
Vivendi valuation: a big discount to NAV and an important asset for Bolloré
Here is my attempt to value Vivendi which is an important asset for Bolloré. For the major holdings, I tried to give them a very conservative fair value and not stick to the market price. Valuation by …
Lagardère : a sum of the parts valuation of 28 € which offers a margin of safety
So we know that Vivendi did an initial offer to buy Lagardère at 25 € (25,5 € with the dividend) and that there is a subsidiary offer at 24,1€ until the 15th of December 2023. This is the floor valua…
Tonnellerie François Frères: transitioning towards a more acyclical business but maybe at the cost of lower margins
A family business since 1910 TFF’s history begins in 1910 with Joseph François, then his son Robert took over in 1917. Jean (father of the current CEO) started working in the family company at the end…
Have a great read and if you want to become a paid subscriber I thank you in advance for your support!
Cheers!
Jeremy
I've already read everything! ;)