more chunky director buying |
Don't think the PE is very meaningful. It is really the future Africa opportunity that you are buying into although they haven't completed, financed the Multichoice acquisition or built up that business yet.If that works out it could become a very valuable Company over the next decade. Suspect it will fail. |
EPS of 10p for 2025 means this is trading at almost 20x earnings.
ITV 7x with a 7% dividend twice covered. |
behave like an AIM stock. UK stockmarket is knackered |
What sort of EPS is projected for 2025? |
...Soon - imo. |
at what point do shackles come off |
https://www.ft.com/content/0a89cdbf-e441-4223-8b80-6d13dcebb155 |
Potential 3x here, if JP Morgan analysts are correct...
"In November, JP Morgan analysts estimated Canal+ had an equity value of around €6bn (£5bn). The firm is reportedly seeking a higher valuation of up to €8bn (£6.6bn) in its market debut." |
All the sell and buy teething probs seem to have been cleared up now.
Open to market, at the click of a button.
Heading up from here IMO.
GLA.
Ooooh La La ! |
seems like the overhang persists |
I'm adding at these levels. Strong recovery sooner or later imo. |
What french tax situation |
With the French tax situation, there was bound to be a very large amount of selling when Vivendi split and the entities listed, whatever mkt they on. |
I assume they are regretting listing in LDN.Even the CAC has more potential |
another buy |
Aggressive director buying |
2.8m print, overhang cleared? |
Agree, that's very bullish (CEO purchase) |
£2.2m's worth |
27 December 2024Canal+ SA(the "Company")Director/PDMR ShareholdingThe Company was notified on 24 December 2024 that Maxime Saada, Chairman of the Management Board and Chief Executive Officer of the Company, acquired 1,154,000 ordinary shares of 0.25 each ("Shares") in the Company on 20 and 23 December 2024.very big vote of confidence |
As there have been some questions about why they have a london listing.I think it is because they want to get a South African listing to meet regulatory conditions for the acquisition.It is easier to do this if you first get a London, NY, Aus or Canadian primary listing. |
https://variety.com/2024/film/global/canal-group-london-stock-exchange-amandine-ferre-cfo-1236249325/ |
couple of decent director buys reported |
 I took quite a careful look at this one (485page prospectus!!) and decided the risks outweigh the benefits.
What's going on here? I suspect the listing has been structured to allow the Bollore family to increase control on the cheap. Its important to be aware that normal UK takeover Regs don't apply to this company. So, large holdings could be built up without triggering the normal requirement for a bid.
Timing the spin-off of a French company onto the UK market right before christmas. What would you expect to happen? The share price will fall of course, as many french fund managers won't have UK shares in their mandate, and selling into a traditionally quiet period will exaggerate the moves. Equally, structuring the new listing to fall outside the large indices, will reduce the institutional buying demand in the UK.
Add in the aforementioned takeover of Multichoice in Africa, and I think there's too much risk.
One shareholder could take effective control and use this as their personal fiefdom to the detriment of smaller investors in my opinion. |
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