Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Was on the buyside for 15 years, most recently at a medium-sized boutique asset management firm. I grew up in Europe, went to university in the US and have been living in Singapore for the last 7 years which has given me a broad scope on the world and investing in general.

Consider myself a generalist investor with a preference for small and mid-cap companies and special situations. However, a large cap that has gone temporarily out of favor might also pique my interest. 

My style of investing could be categorized as more of value investor, rather than growth at any cost. Learning from Charlie Munger on the importance of quality of a company has been of tremendous value over the years.I like businesses with real earnings, cash flows, dividends, book value and insider ownership.

Insight Provider

Vivendi: 50%Trade Sale of Universal Music Will Receive Strong Interest; 17/2/2022 Is Coming Closer

Vivendi (VIV FP Equity): All About UMG. Bet on Vincent Bollore to Create Maximum Value by 17/02/22

Vivendi: IPO of UMG Late '21 to Benefit Tencent; Still Watching 17/02/22 For Final Bollore Fireworks

Sony (6758) Readthrough from Universal / Spotify Deal

How Big Will the Global Music Industry Be in 2030?

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul><li><a href="https://www.smartkarma.com/entities/21076" target="_blank" data-smartkarma-citation="entities:21076:1">Vivendi SA (VIV FP)</a> is the French conglomerate led by billionaire Vincent Bollore</li><li>Bollore has been invested in Vivendi since 2012 and is currently Chairman of the Board</li><li>Company crown jewel,<strong> Universal Music Group (UMG)</strong>, is set for IPO soon</li><li>UMG is the best way to gain exposure to the growth of streaming music</li><li><strong>UMG could realistically be worth 88-112% of Vivendi market cap</strong></li><li>Risk/Reward highly attractive</li><li>Fair Value: bear case 22.4 EUR (5% upside), base case 30.8 EUR (44% upside), and bull case 35.62 EUR (66% upside).</li></ul>

Vivendi SA (VIV FP) is the French conglomerate led by billionaire Vincent BolloreBollore has been invested in Vivendi since 2012 and is currently Chairman of the BoardCompany crown jewel, Universal Music Group (UMG), is set for IPO soonUMG is the best way to gain exposure to the growth of streaming musicUMG could realistically be worth 88-112% of Vivendi market capRisk/Reward highly attractiveFair Value: bear case 22.4 EUR (5% upside), base case 30.8 EUR (44% upside), and bull case 35.62 EUR (66% upside).

Vivendi: Coming IPO of Universal Music Group (UMG) Gives Best Exposure to Growth in Streaming Music