BOL.PA - Bollore

Discussion in 'International Stock Markets' started by Marvan, Feb 29, 2020.

  1. Marvan

    Marvan Active Member

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    Bolloré engages in the transportation and logistics, communications, and electricity storage solutions businesses in France, other European countries, Africa, the Americas, the Asia-Pacific, and internationally.

    It operates through Transportation and Logistics, Oil Logistics, Communication, and Electricity Storage and Solutions segments.

    The company offers freight forwarding, railroad, and port services; distributes domestic fuel-oil; and operates oil pipelines and warehouses.

    It also provides advertising, and digital and communication consulting services; owns and publishes Cnews, a French daily newspaper; provides high speed Wi-Fi network; and operates Mac-Mahon cinema theaters.

    In addition, it engages in the recorded music, music publishing, and merchandising activities; production, sale, and distribution of movies and TV series; publishing fiction, children's, non-fictiand operation of mobile video games.

    Further, it designs and produces electric batteries based on Lithium Metal Polymer technology; electric batteries for application in electric cars, car sharing, and buses, as well as stationary applications; electricity storage solutions, including charging terminals, IT systems for car sharing, etc.; films for capacitors; and shrink-wrap packaging films.

    Additionally, the company designs, products, and markets solutions for passenger air and rail transport networks; integrates identification, tracking, and mobility solutions for logistics contractors, industry, and transport; develops terminals, electric charging points, and identification and geolocalization systems; operates shuttles; offers Bluecar electric vehicles and digital transformation solutions; and develops, deploys, and operates point-to-point car sharing solutions.

    The company was founded in 1822 and is headquartered in Puteaux, France.

    Bolloré is a subsidiary of Financière de l'Odet SA
     
  2. Marvan

    Marvan Active Member

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  3. Marvan

    Marvan Active Member

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    Bollore's core business has two operating divisions: In transportation, it owns 17 ports in Western Africa and a logistics business in Europe; and in renewable power, it owns Blue Solutions (XPAR:BLUE), a transportation-focused battery manufacturing business."

    The African ports are very good businesses. They are legal, regulated monopolies; they collect a fee on any good that enters or leaves the western side of the continent.

    Blue Solutions is on a 20-year journey of designing batteries for electric cars and buses. Today it is still losing over a hundred million dollars a year. Bollore announced recently that either Blue Solutions will get to profitability by mid-2020 or it will be shut down or sold. We don't know what Blue Solutions is worth - we think the value fluctuates between zero and some positive value - but today, because the company is losing money, the market is imputing negative value to this business.

    Bollore also owns 25% of Vivendi (XPAR:VIV), and that is the sole reason we bought the stock. Vivendi's prime asset is Universal Music Group (UMG), the largest music label in the world, which owns around 30% of the music created in the Western hemisphere.
    It is the home of Lady Gaga, Mariah Carey, Queen, Prince and many other artists.

    In our estimation, when we buy Bollore stock today, we pay about 4 euros for Bollore's African ports and logistics business and get Vivendi, which is worth 6 to 10 euros, for free.

    https://finance.yahoo.com/news/bollore-streaming-music-cash-flows-205111708.html
     
  4. Marvan

    Marvan Active Member

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    BOLLORE: 2019 Results

    Good results from all business segments of the Bolloré Group in 2019

    Project of a simplified alternative tender offer for Blue Solutions,

    followed by a mandatory de-listing

    • Revenue: €24,843 million, up +8% (+3% at constant scope and exchange rates).
    • Adjusted operating income (EBITA(1)): €1,634 million +0,2% (excluding extraordinary items, EBITA rose +20%):
    Very good operating performance of the transport and communications businesses and significant non-recurring impairment losses (€319 million), mainly related to electric cars, older generation batteries and car-sharing assets as part of the strategic redeployment in batteries, buses and stationary.


    ·Bolloré Transportation & Logistics: €637m

    +17%
    ·Communications (Vivendi): €1,526m

    +18%
    ·Electricity Storage and Systems: €(434)m, vs. €(160) m
    • Net income: €1,408 million, up +27%, and net income Group share of €237 million up 1%.
    • Net debt: €8,720 million vs. €4,882 million at December 31, 2018 due to capital expenditure and share buybacks at Vivendi | Gearing: 34% including a reduction in Bolloré’s debt excluding Vivendi of €(402) million.
    Proposed dividend: €0.06 per share (including a €0.02 interim already paid in 2019) identical to that paid in 2018, payable in cash only.">§ Proposed dividend: €0.06 per share (including a €0.02 interim already paid in 2019) identical to that paid in 2018, payable in cash only.

    https://finance.yahoo.com/news/bollore-2019-results-164000143.html
     
  5. Marvan

    Marvan Active Member

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  6. Marvan

    Marvan Active Member

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    BOLLORE: First half 2020 results

    Good half-year 2020 results for all business lines despite the pandemic

    Adjusted operating income (EBITA(1)): €948m up 3%

    Net income Group share: €174m up 17%

    • Revenue: €11,612 million, -1%
    • EBITDA: €1,555 million, +10%
    • Adjusted operating income (EBITA (1)) €948 million, +3%:
    Bolloré Transportation & Logistics €303 million -2%
    Communications (Vivendi): €735 million +2%
    Electricity storage and systems -€67 million, +18%
    • Net income: €758 million, up by 43% and net income Group share of €174 million, an increase of 17%. This does not include the gain on the sale of 10% of the share capital of UMG on March 31, 2020, on the basis of an enterprise value of €30 billion for 100% of UMG. The sale was recognized in equity in the amount of €2.8 billion.
    • Net debt: €7,528 million, down by €1,192 million compared to December 31, 2019 (of which Bolloré, excluding Vivendi: €4,471 million, down €185 million).
    Improved gearing: 28% compared to 34% at the end of 2019 and continued high liquidity of €8.1 billion (of which €2.7 billion for Bolloré)

    Interim dividend: €0.02 per share payable in cash on September 4, 2020.


    https://finance.yahoo.com/news/bollore-first-half-2020-results-154500412.html
     
  7. konung

    konung New Member

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    This is interesting. I think I will to some more research. Marvan do you have this in your portfolio?
    What gives me doubts. The press releases are a bit incomplete to my taste. Just the bare minimum of infomation: results and some facts. No strategy review, evaluation or similar additional information.
     
  8. Marvan

    Marvan Active Member

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    I do have Bollore in my portfolio.

    It is a diversified European holding company (French) and most of these company's dont give as mutch information as American company's.

    It is a family holding and Vincent Bollore is the CEO

    https://en.wikipedia.org/wiki/Vincent_Bolloré
     
  9. konung

    konung New Member

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    Added last week. Seems diversified enough to try. Results are great, I see potential.
    Some information might be found while searching different group companies. But still other French companies do it much better. For example Peugeot or Faurecia.
     
  10. Marvan

    Marvan Active Member

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    Fiat Chrysler Automobiles and PSA are planning to sell Faurecia after their merger. The groups new name will be Stellantis....
     
  11. konung

    konung New Member

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    Interesting fact. Thanks.
    I like, that faurecia sells to various companies (biggest VW group - 18 percent of seat sales). But after a sale will they have PSA and FCA orders (also ~21%)? What are the rumours? A bit off-topic of course, but interested as a Faurecia stock owner.
     
  12. Marvan

    Marvan Active Member

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    #12 Marvan, Jun 23, 2021
    Last edited: Jun 23, 2021
  13. Marvan

    Marvan Active Member

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    Euro 4.47

    Out.
     
  14. konung

    konung New Member

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    Still in. 5.15 euro today. And still counting. A 60+% so far in a year and a few days. Not bad.
     
    Marvan likes this.
  15. Marvan

    Marvan Active Member

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    I am out with a very nice profit but the shares will go higher because the Bollore family intend to simplified their companies!

    Nice to learn that you have more patience ......
     
  16. konung

    konung New Member

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    If the dividends would be at least average (~0,10-0,15eur would be great), that would be a keeper. Right now- still waiting on how high it could get.
     
  17. Marvan

    Marvan Active Member

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  18. konung

    konung New Member

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    What is the word on the streets on UMG making IPO? In terms of usefullnes for Bollore?
     
  19. Marvan

    Marvan Active Member

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    PARIS/AMSTERDAM, Sept 14 (Reuters) - Vincent Bollore is set to own $7 billion worth of Universal Music Group shares after it floats next week, raising questions about how the French tycoon could use this new source of cash as Universal's parent Vivendi (VIV.PA) charts a new course.

    Bollore, the top investor in Vivendi who spearheaded the spin-off of the world's biggest music label with artists such as Lady Gaga and the Rolling Stones, is set to be one of the deal's biggest winners, the prospectus issued on Tuesday showed.

    Listing Universal, with an estimated equity value of 33 billion euros ($39 billion), involves distributing 60% of its shares to Vivendi's shareholders. Bollore is set to receive about 18%, worth about 5.9 billion euros ($7 billion)

    France's Bollore poised to own $7 bln worth of Universal after listing | Reuters
     

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