Update on a holding which is consistently doing the right moves!

or when capital allocation decisions are good and where minority shareholders are respected!

To change a little from the Bolloré group (but rest assured I will be back with otehr posts about what is going on!), here is an update on a holding which likes to stay discreet but which just keeps getting the job done and repects minority sharheolders.

You know that I give a lot of importance to capital allocation as even though we are shareholders we are only minority shareholders and as such we cannot influence a lot the decisions and we have no impact on the company’s culture. So we really need to see how good management is.

With French Hidden Champions a very big chunk of my assets are invested in French companies as I can go and see them and get to know management more and more as time goes by but I will also invest outside of France if the ccompanys is just great and I cannot pass it. Sure tax treatment/hits are different and not alway favorable but the good side is if you find a nice compounder you buy and hold (and verify all the time) and taxes will be paid on dividends (if there are any) and when and if I sell my holding.

I use a service which enables to have a list of companies and gives me alerts as soon as there is some news. It is practical and very useful for me. It is market screener/zone Bourse. I know their CEO who is honest and hard working. And yes the following link is an affiliation link:

Affiliation link ZoneBourse/market screener

I like to test things we will see where this goes!

Now back to business! So what happenned to one of the companies I own!