Liquid Universe of European Ordinary and Preferred Shares: October‘23 Report
Since mid-September, spreads have generally tightened across our European liquid universe of ordinary (voting) and preferred (non-voting) shares...
254 Views
Liquid Universe of European Ordinary and Preferred Shares: September‘23 Report
Since mid-August, spreads have not followed a clear pattern across the European liquid universe of ordinary and preferred shares (10 have...
312 Views
Porsche Automobile Holding: H1 SOTP and Discount to NAV
My updated SOTP shows that the shares of Porsche SE are trading at a still massive 44.9% discount to NAV. The discount has come down from 50.8% on...
546 Views
Liquid Universe of European Ordinary and Preferred Shares: August‘23 Report
Since mid-July, spreads have not followed a clear pattern across the European liquid universe of ordinary and preferred shares (9 have tightened, 9...
247 Views
Selected European HoldCos and DLC: May’23 Report
Discounts to NAV of covered holdcos have generally tightened during May. The discount to NAV of GBL has reached a very high level, in my view. That...
317 Views