Bolloré

[H.B.]

FamilienHolding, Entrepreneurship made in France, Koloniale Dekadenz, Schiffartslinien, Bahnverbindungen, Häfen, Telekommunikation sowie Electric Car-Sharing + Batterieherstellung.

All das ist Bollere.

 

Aus meiner Sicht eines der heißesten Stories aus unserem westlichen Nachbarn.

 

Hier ein Auszug aus meiner Dokumentation

 

 

 

Jetzt bringt die Holding das Joint-Venture mit Peugeot, in dem die Car-Sharing-Aktivitäten und die Batterieproduktion angesiedelt sind (alles verlustbringende Segmente) als IPO ab.

 

Reuter schreibt dazu:

Bollore battery share offer harnesses electric-car optimism

 

und weiter

Oct 17 (Reuters) - A flotation of French battery maker Blue Solutions may value the loss-making company at up to 418 million euros ($564 million), its owner said on Thursday, signalling growing investor appetite for electric-car technology.

Bollore group, which is controlled by French industrialist Vincent Bollore, said it had set an indicative offer price of between 12 and 14.50 euros per share for the company that makes batteries to power cars.

Sales of pure electric cars have so far been sluggish, with many consumers deterred by the limited distance they can travel between charges. But despite the slow start and high-profile failures, the technology is attracting more attention as more mainstream brands join the fray and successful startups emerge.

Bollore group, which announced the plan to float 10 percent of the company last week, said the sale of 2.88 million shares would value Blue Solutions - which lost 22.4 million euros last year on sales of 61.7 million - at between 346 million and 418 million euros.

"The overall price tag looks quite high and the business model remains risky," said a Paris-based fund manager who holds some Bollore shares. "But if you believe electric cars have a strong potential and Blue Solutions could catch fire, then it's not too expensive."

The flotation, in which the Bollore group and its affiliate Bollore Participations will each offload part of their holdings in the company, follows September's announcement of an electric-car partnership with French carmaker Renault.

Faced with tougher environmental regulation and consumer demand for fuel-efficient cars that emit less carbon dioxide, automakers are investing heavily in electric vehicles and hybrids, which combine a conventional combustion engine with a battery-powered transmission.

Electric sports car maker Fisker, its battery supplier A123 Systems and Better Place, a California-based recharging infrastructure operator, have all gone bust in the past year.

Renault and Japanese partner Nissan have invested 4 billion euros in electric cars, but sales have lagged far behind forecasts, with around 100,000 delivered to date.

Chief Executive Carlos Ghosn has acknowledged his carmarking alliance's 1.5 million sales goal for 2016 will be missed.

However, other major manufacturers are moving into the technology. BMW unveiled its carbon-fibre i3 mini earlier this year along with plans to follow up with an i8 sports car.

Tesla Motors, the U.S. electric carmaker founded by PayPal billionaire Elon Musk, is now worth $22.3 billion - nearly half of General Motors or one-third of Ford's market value.

 

Shares in Bollore group, which have risen about 47 percent this year, were up 0.55 percent at 380.90 euros as of 1209 GMT on Thursday.

Its Blue Solutions business uses lithium-metal-polymer technology rather than more common lithium-ion cells and also makes power storage stations for solar and wind farms.

Bollore is behind the separate Paris electric car-sharing programme, Autolib', which the company hopes to export to major cities overseas, starting in Asia. Its recharging stations dotting the French capital have won about 100,000 clients since the service launched in late 2011.

"Energy is at the heart of the challenges to economic growth worldwide," billionaire Bollore said in documents accompanying the Blue Solutions offer. The listing on the Euronext exchange will raise the company's profile and help its growth "in a market that is particularly crucial for the immediate and medium term", he said.

 

Last month Bollore group announced a deal with Renault to bid for electric car-sharing contracts and assemble battery-powered vehicles in France.

Bollore, 61, has declared ambitions to transform Blue Solutions into a company with 1.5 billion euros in annual sales and a 400 million euro operating profit in 2022, after breaking even next year.

Financial details supplied with the offer prospectus suggest an enterprise value of between 2.4 and 2.5 times forecast 2017 sales, according to Reuters calculations.

By comparison, Tesla is trading at a multiple of 7.6, while most traditional mass carmakers and South Korean battery giant LG Chem are closer to 1.

 

A lawyer by training, Vincent Bollore has become rich by taking stakes in troubled companies, building a multi-billion euro conglomerate out of the family's paper mills in Brittany, western France.

Bollore is also the biggest shareholder in advertising agency Havas and media group Vivendi, where he was appointed vice-chairman last month following a boardroom tussle as the group considers spinning off its SFR telecoms unit.

The Blue Solutions offer period will run from Oct. 17 until Oct. 28, with final pricing set on Oct. 29 and trading to begin the next day

 

Da kommt doch Stimmung auf!

[checker-finance]

Der starke Kursanstieg steht im Widerspruch dazu, dass

- die dayrates für Frachter und Tanker am Boden liegen. Wäre Bollore eine reine Reederei, müßte der Kurs gesunken sein.

- die Kurse für Palmöl sind ebenfalls gesunken und die Aktien von Palmölpflanzer ebenfalls

 

Was bzw. welche Sparte also macht Bollore so teuer

- die Mediensparte? Dann kauf ich doch lieber gleich Hutchison Whampoa

- die Sparte, die das elcetric car sharing anbietet? Das soll hochmargig sein?

[H.B.]

Kurzes Update:

 

 

Das hat dem Aktienkurs geschadet. Seit dem Jahreswechsel ist die Bewertung fast 10 Prozent heruntergekommen.

 

In der letzten Woche erneuerte Bollere sein Bekenntnis zum francophonen Afrika. Prompt machte der Aktienkurs einen Satz bis fast ans Top.

 

 

 

Bei der Recherche der Aktivitäten des Bollere-Imperiums fühlt man sich zeitweise an die Gründerjahre und Spekulationen um die Bahnkonzessionen n der Jardines in China oder den Bau der Bagdadbahn zurückversetzt.

 

Vincent Bollere arbeitet offenbar aktiv an einer Nachfolgeregelung. Sein Sohn hat jetzt die erste Führungsposition eingenommen während sich Papa langsam mit diversen strategischen Aufsichtsratmandaten aufs Altenteil zurück zieht. Bollere scheint so etwas wie der französische Piech oder Quant zu sein.

 

Hier noch etwas jüngerer Lesestoff (ausnahmsweise auf Englisch, die meiste Kommunikation erfolgt in Franzosensprache.)

bol_afrique.pdf

[35sebastian]

Bollere` french kissing. Ist das auch etwas Unanständiges?

 

Fürwahr, den Namen kannte ich ,und diesem ging kein guter Ruf voraus, wie ich jetzt noch mal bei wikipedia und beim "welt" Artikel nachgelesen habe. Vincent ist wohl einer der schlimmsten Finger in Frankreich.

 

Mein Link

 

Ob das Unternehmen besser ist als er, ob Bilanzen und Kursentwicklung echt sind , kann bei der Dominanz des Chefs bezweifelt werden. Ebenso, ob das Unternehmen eine Perle in einem konservativen Depot ist.

 

French kissing? Der checker kennt sich wohl besser mit den Gefahren aus. Vorteil ist , dass das Unternehmen kaum Dividende zahlt. Dadurch belastet die französische Dividendenpolitik nicht so sehr.

 

Besser wäre natürlich, wenn das Unternehmen keine Dividende zahlen würde und alle Gewinne innerhalb der Familie blieben. Der deutsche Investor müsste sich dann überhaupt nicht sorgen.

 

Kissing ja, immer wieder gerne . Aber French ? Nein, danke.

[H.B.]

 

Kissing ja, immer wieder gerne . Aber French ? Nein, danke.

 

Es wäre Stand heute ein sehr angenehmes Tête-à-Tête gewesen

 

 

BOL.PA markiert dank des Wirkens des Inhabers im französischen Telecoms-Drama wieder mal ein ATH.

 

Edith: Die wachsende Differenz zwischen dem Vergleichsindex und dem Einzelwert nennt man übrigens »Alpha« ...

[Ulkbaer]

Dax als Vergleichsindex, ergo Ich mache mir die Welt, so wie sie mir gefällt :-

[H.B.]

Nur aus Respekt vor den hiesigen Auguren, die diesen Index am Besten einschätzen können.

Zugegeben, im Vergleich zum S&P 500 ist das Alpha derzeit etwas geringer. Da hab ich aber die Währungsproblematik ....

[Ulkbaer]

Mir schlägt finanzen.net den CAC Mid 60 Index vor. Ich will dir ja nicht auf den Schlips treten, aber dagegen hat Bollere seit deiner Vorstellung sogar leicht underperformed.

[H.B.]

Tust du nicht.

Den Index kenne ich gar nicht, (genausowenig wie »finanzen.net«)

MidCaps und Bollore ... das beißt sich in meinen Augen.

 

Du hast mit deiner Beobachtung, dass französische Aktien derzeit allgemein outperformen, den Nagel ziemlich gut getroffen....

[35sebastian]

 

Du hast mit deiner Beobachtung, dass französische Aktien derzeit allgemein outperformen, den Nagel ziemlich gut getroffen....

 

Hast recht. GDF und Total z.B. Die können es sicherlich mit Bollore aufnehmen. Auch vom Bekanntheitsgrad.

[Chartwaves]

Die heißen korrekt also Bolloré, ja? Kannst Du dann bitte den Thread-Titel korrigieren. Da steht Bollere

[Stoxx]

Äh ... habe ich was verpasst?!

 

Btw:

Ich bezweifel, dass die Manager von TOT und GDF kein 'Dreck am stecken' oder keine 'Leichen im Keller liegen' haben.

[jogo08]

Die heißen korrekt also Bolloré, ja? Kannst Du dann bitte den Thread-Titel korrigieren. Da steht Bollere

 

erledigt

[H.B.]

BOLLORE <BOLL.PA>

Group Bollore, the holding of French tycoon Vincent Bollore,

said net debt to equity ratio improved to 19 percent at end-2013

from 26 percent at end-2012, as debt fell by 105 million euros.

It will pay a 2013 dividend of 3.10 euros per share, unchanged

from 2012. [bOLL.PA]

 

Zahlenwerk der Bollore (in französchisch natürlich...)

 

boll.pdf

[H.B.]

Noch eine jüngere Pressemitteilung:

French billionaire Bollore brings electric hire cars to London

By Costas Pitas

LONDON, March 12 (Reuters) - First it was pedal power; now

Londoners are being offered electric transport to dodge their

way around the city.

French billionaire Vincent Bollore on Wednesday unveiled

plans to park 3,000 electric cars on London streets by 2016, as

part of a car share project that emulates the popular bike hire

scheme started in 2010 under Mayor Boris Johnson.

Bollore, chief executive of the group <BOLL.PA> bearing his

name which set up the Autolib electric car-sharing programme in

Paris in 2011, said electric car hire could help cut congestion

and reduce pollution in the British capital.

"Pollution becomes a nightmare ... so many cities where you

can't even go out and the planes can't take off and you have to

solve this problem," Bollore told Reuters at the launch of the

scheme alongside one of the compact, silver-and-white cars.

Facing tougher environmental regulation and growing demand

for less polluting cars, automakers are investing heavily in

electric vehicles, but many consumers have been deterred by the

limited distance that electric cars can go on a single charge.

But Bollore, whose company has interests in transport, media

and electricity storage, said the yet-to-be named car hire

scheme would be serviced by 6,000 charging points installed

around London by 2018, up from the current 1,400.

Users will be able to hire a car for 10 pounds ($16.63) an

hour, using a smartphone app to find a pick-up point, then leave

it at one of an unspecified number of locations.

[H.B.]

Die BNP hat das Kursziel für die Aktie von 500 auf 540€ erhöht.

 

Vermutlich ohne Zusammenhang dazu bildet der Wert ein neues Kaufsignal aus

Hier der 8h Intraday-Preisverlauf der letzten sechs Monate (mit meinem Einstandskurs).

 

 

Gestern erfolgte eine Auflösung der Tradingrange seit Mitte Februar zur Oberseite, die heute ihre Bestätigung fand.

 

Ich tippe auf einen Fonds, der sich trotz des schwachen Volumens einkauft.

[checker-finance]

Die Aktie hat sich seit 2009 mehr als verfünffacht, offenbar die meisten Vergleichsindizes outperformed und steht auf oder nahe an dem 5-Jahres-Hoch.

 

Sso klar ein Kauf in der Vergangenheit eine gute Sache gewesen ist, würde ich doch bezweifeln, dass man das so einfach in die Zukunft fortschreiben kann. haben die den Stein der Weisen oder den heiligen Gral oder sonst irgendetwas gefunden, was es Bollore ermöglichen würde, höhere Margen als die Konkurrenz zu erzielen?

.

[H.B.]

Den heiligen Gral wohl nicht, aber der Tycoon ist offenbar hervorragend in Frankreich vernetzt.

Zusammen mit dem Afrika-Hype ergibt sich schon eine recht interessante Konstellation.

Man darf nicht außer Acht lassen, dass der Wert eine Wette auf eine Recovery Frankreichs + eine Fortsetzung der Frontiermarket-Story ist.

 

Im Oktober wurde Blue-Solutions an die Börse gebracht.

Bollore hält immer noch 80 Prozent.

Der Verlauf des Aktienkurses der Batteriesparte spricht für sich.

 

 

(Marktenger Titel, heute mehr als 10% im Plus, Emissionspreis: 17€)

Edit: Um die Mittagszeit steigt der Wert nachrichtenlos um 20 Prozent....

[H.B.]

Wenn sich man regelmäßig die hiesigen Gazetten reinzieht, könnte man auf den Gedanken kommen, dass beispielsweise Mercedes mit seinem Smart2Go den Markt für E-Car-sharing-Projekte aufmischt.

Außerhalb des teutonischen Bollwalls sieht es dann ganz anders aus:

 

French Electric Vehicle technology chosen by the United States

Blueindy, largest electric car sharing service in the United States, will be launched by Bolloré

Group on May 19th

 

Greg Ballard, Mayor of Indianapolis and Vincent Bolloré, Chairman of the Bolloré Group, present

today to the press and the people of Indianapolis BlueIndy, the revolutionary 100 percent electric

car sharing service.

 

The Mayor of Indianapolis, renowned city in the automotive industry chose to align this event with

the opening of the famous Electric Drive Transportation Association (EDTA) conference. EDTA

usually holds its yearly conference in Washington, DC, but this year chose Indianapolis mainly of

the BlueIndy launch.

 

The Bolloré Group will invest approximately $35 million in Indianapolis, for a momentous project

which will result in the largest electric car sharing service in the United States. For the first

time, Bolloré Group will export outside of France its end-to-end electric car sharing solution.

The service is based on the successful Autolib' in Paris, Bluely in Lyon and Bluecub in Bordeaux,

which complete public transportation offer and improves french citizen's mobility.

 

The BlueIndy service, which will open within 8 months, will include up to 500 electric vehicles,

200 service locations fitted with 1,000 charging stations.

 

Mayor Ballard, who in 2012 announced his goal of promoting energy security by reducing reliance on

foreign oil, said, « This is an unprecendented announcement. Electric vehicles and car sharing

are the future. Bolloré, one of the world's largest companies, will replicate its successful

service outside of France and bring to the city the benefits of an innovative, economical and

environmentally friendly mode of transpotation. Indianapolis is braking new ground and hopes to

lead the way for other U.S. cities. »

 

Vincent Bolloré : «The Bolloré Group is proud to bring its unique technology know-how and

operations excellence in electric vehicle sharing to Indianapolis, a city so strongly associated

with automotive racing. We are glad to support Mayor Ballard's energy-transition vision. From now

on, residents and visitors of Indianapolis will be able to drive around without owning a car and

without emitting greenhouse gases or particulate matter. »

 

The electric car sharing service is a forward-looking solution for cities around the world. The

Bolloré Group has already deployed nearly 3 000 Bluecar equipped with Blue Solutions batteries.

Through its range of applications, Blue Solutions is the ideal partner to help cities and regions

carry out «smart city » strategies.

 

Es ist deshalb aus Investorensicht strategisch extrem zieführend, für Asien und Afrika zunächst noch auf den PKW-Absatz, für die Industriestaaten und die MegaCities auf Mobilitätsprovider zu setzen.

Mit Bollore und den Jardines hat man bereits 80% der Aufgabe erledigt ...

[H.B.]

Was sehen meine müden Augen:

 

BOL@SBF announced a forward split effective 20140610. The terms of the split are 2 : 1.

ISIN : FR0000039299

 

Außerdem zahlt das Unternehmen im Juni eine Dividende von 1,10 Euro

[H.B.]

Das nächste Detail zum Schwerpunkt »Post-koloniales Afrika« bei Bollore und anderen franz. Unternehmen:

 

Casino and Bollore have agreed a strategic partnership to 
expand in e-commerce in Africa. A first Cdiscount-branded 
website should be launched from this summer in Ivory Coast, the 
companies said.

das sagt Reuters heute.

 

 

Dann soll auch der Blick auf die vor etwa einem Jahr abgespaltete Autobatterie-Sparte Blue-Solutions nicht fehlen:

[H.B.]

1. Wer die Tesla Story verfolgt, wundert sich nicht über den derzeitigen Hype in der Blue-Solutions. Irgend jemand kauft dort kontinuierlich zu.

Wie am Schnürchen wird der Wert 2-5 Prozent pro Tag teurer.

 

Hier der Kursverlauf im Vergleich zum größten Anteilseigner, der Bollore

 

 

2. Vincent hat jetzt bei Vivendi das Sagen.

 

Vincent Bollore gives first clues on his vision for Vivendi

* Bollore appointed board chairman on Tuesday

* Sets out aim for an integrated media company

* Vivendi's three units are in music, Brazil telco, pay-TV

* Future dividend payout ratio seen at 40-50 pct - Bollore

 

(Adds Bollore and analyst comments, detail, background, shares)

By Leila Abboud and Gwénaëlle Barzic

PARIS, June 24 (Reuters) - Billionaire French businessman

Vincent Bollore gave the first hints of his strategy for Vivendi

<VIV.PA> as he took over as chairman on Tuesday, saying he saw

the potential to grow its media assets while also paying a

healthy dividend.

Vivendi, one of France's biggest companies, has sold off

three businesses, including telecoms operator SFR, in a two-year

overhaul aimed at cutting debts and reviving its share price.

Bollore, who with a 5 percent stake is its biggest

shareholder, will be the key decision maker as the company seeks

to forge a coherent whole out of its three remaining businesses

and starts to look for growth opportunities.

Vivendi now owns the world's biggest record label, Universal

Music Group, France's biggest pay-television operator, Canal

Plus, and Brazilian broadband specialist GVT.

"Vivendi's strategy is now clearly fixed," Bollore told an

annual shareholder meeting in his first public remarks on the

company since he became vice-chairman last year.

"It is to transform the company from a financial holding to

an integrated company focused on content".

Despite his influence, the 62-year old tycoon - famed for

building a family owned transport business in Africa and raiding

blue-chip companies - has so far said very little about where he

wants to take Vivendi. That has left investors and analysts

guessing whether his intentions are to sell off more of the

group, or seek to build something from its current portfolio.

One thing is sure, Vivendi is expected to hit the

acquisition trail late this year and next to seek growth. People

familiar with the situation have told Reuters it has up to 10

billion euros ($14 billion) to remake itself in media depending

on how much debt it is willing to take on. [iD:nL5N0OR4Z2]

Vivendi is expected to weigh acquisitions in different areas

from Canal Plus and Universal Music Group, which are already too

big in their respective markets to expand further, they said.

However, they did not rule out that Canal Plus could also

seek to expand its geographic footprint - which is now France,

Poland Vietnam, and some African countries - to offset slowing

growth in its domestic market.

Regardless of deals, Vivendi has pledged to keep its current

BBB debt rating from Fitch and Standard & Poor's, and its Baa2

from Moody's.

 

GROWTH AND DIVIDENDS

In terms of shareholder returns, Bollore said Vivendi could

in future pay out about 40-50 percent of earnings in dividends.

"The board will decide the dividend policy based on what

opportunities are available," he said, referring to

acquisitions. "But in a growing business - and we think our

media activities will grow - it seems reasonable to distribute

40 to 50 percent."

Vivendi has recently paid out about 40-50 percent of

adjusted net earnings as dividends, while also noting a trend in

the media sector of moving towards a 30-40 percent payout ratio.

Bollore did not say anything about what acquisitions Vivendi

should target. But he did say the group could squeeze more value

and cost savings out of its three business lines by making them

work together, something which has eluded Vivendi in the past

decade despite repeated attempts.

"In reality there is hidden value at Vivendi," said Bollore.

"There are more synergies between the three business units than

Vivendi has been able to exploit in the past."

He gave as an example how Brazilian telco GVT could be used

to sell more television content from Canal Plus. GVT has used

Canal Plus' expertise to win some 700,000 pay-TV customers only

one year after launching the service.

Bernstein analyst Claudio Aspesi expressed scepticism that

Vivendi's diverse businesses had much in common. "Investors

would probably prefer not to hear a re-run of the old script -

Vivendi saying it is looking for synergies - it's a bit like a

horror movie," he said before the shareholder meeting.

"In the past, the management has tried to demonstrate value

of holding assets together, but operating synergies were never

found."

Vivendi shares were up 0.5 percent at 1420 GMT in a flat

European market <.FTEU3>. Shares that were trading at 12 euros

when the firm's overhaul started two years ago have settled at

around 19 euros after hitting 21 euros in February, the highest

level in three years.

In addition to Bollore's debut, the shareholder meeting was

a victory lap for veteran chairman Jean-Rene Fourtou, who saved

Vivendi from bankruptcy in 2002 and piloted the past two years

of strategic overhaul.

Bollore thanked Fourtou for bringing him to Vivendi and said

he would nominate Fourtou as honorary board president.

"I think this young man still has a lot to give," Bollore

said of 75-year-old Fourtou.

Bollore arrived as a Vivendi shareholder in 2012 when he

agreed to be paid in shares for selling 60 percent of his

broadcast TV channels Direct 8 et Direct Star to Canal Plus. He

later bought additional shares on the market.

($1 = 0.7357 Euros)

(Quelle Reuters)

 

Während die Masse sich (notgedrungen) mit der Vivendi auseinsndersetzen muss, können »kleine Fische« mit der BOL.PA entspannt von der Entwicklung profitieren.

[checker-finance]

Comdirect gibt ein KGVe von 32 an - das wäre nicht gerade günstig.

 

Water Transportation - was immer das genau sein mag - scheint mir auch eher keine besonders gut performende Branche zu sein und Palmöl auch nicht.

[H.B.]

Reuters weist für das Unternehmen (Bollore) ein KGV von 45 , ein KBV von 1,5 und eine Dividendenrendite von 0,6 Prozent aus.

 

Bei der Brancheneinordnung ist Reuters auch geschwätziger:

NAICS:  Deep Sea Freight Transportation, General Warehousing and Storage Facilities, Petroleum Bulk Stations and Terminals, Unsupported Plastics Packaging Film and Sheet Manufacturing, All Other Converted Paper Product Manufacturing, Computer Terminal Manufacturing, Other Communications Equipment Manufacturing, Storage Battery Manufacturing

SIC:  Deep Sea Foreign Trans Of Freight, General Warehousing And Storage, Petroleum Bulk Stations/terminals, Paper Coated/laminated/packaging, Converted Paper Products, Nec, Computer Terminals, Communications Equipment, Nec, Storage Batteries

 

Man sieht, wie schwer sich die Datendienstleister bei der Einordnung tun.

 

 

heute ist der Wert übrigens nachichtenlos drei fünf Prozent teuerer.

Vermutlich wirkt sich der bevorstehende AktienSplit bereits aus.

Man konnte wählen, ob man die Dividende oder rabattierte Aktien erhalten wollte. Das hat den Kurs in den letzten Wochen gedeckelt.

 

Die Bollore ist eines der ganz wenigen Konglumerate, die ohne entsprechenden Abschlag bewertet werden.

Diesen Umstand zu bewerten überlasse ich euch.

[checker-finance]

Reuters weist für das Unternehmen (Bollore) ein KGV von 45 , ein KBV von 1,5 und eine Dividendenrendite von 0,6 Prozent aus.

 

Was mich interessieren würde ist, von welchem KGV und PEG Du ausgehst, bzw. welches Wachstum Du annimmst, um die hohe Kurs-Gewinnrelation zu rechtfertigen.