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...
322 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...
251 Views
Selected European HoldCos and DLC: July’23 Report
Discounts to NAV of covered holdcos have generally widened during July. Interesting situations, in my view: Heineken Holding/Heineken, Porsche SE...
230 Views
Liquid Universe of European Ordinary and Preferred Shares: June‘23 Report
Since mid-May, spreads have generally tightened across our liquid universe (13 have tightened, 6 widened). Some spreads are relatively large, such...
407 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...
322 Views