The company value itself at 543.68€ per share (vs 247€ today). This is for me a bit higher that I would gave to it because I am not a big fan of their real estate business (which I would put a huge discount to it).
But I do like their chocolate business which owns good brands that are well managed and their ownership of cocoa producer, that makes it less sensible to cocoa price, shows that they are managing smartly this part.
Overall, my (conservative) estimation of their valuation is at around 650 millions € (though hard to put a price on such chocolate brands, there are only few and they are not often sold), but to be fair, this position is more a defensive position, I don't expect to do a huge return on it. Some people sleeps better when they own gold, I like to have a bit of chocolate.
Welcome to substack soon you will get hundreds, what is your valuation of Bois sauvage?
Bois sauvage is a tricky one ...
The company value itself at 543.68€ per share (vs 247€ today). This is for me a bit higher that I would gave to it because I am not a big fan of their real estate business (which I would put a huge discount to it).
But I do like their chocolate business which owns good brands that are well managed and their ownership of cocoa producer, that makes it less sensible to cocoa price, shows that they are managing smartly this part.
Overall, my (conservative) estimation of their valuation is at around 650 millions € (though hard to put a price on such chocolate brands, there are only few and they are not often sold), but to be fair, this position is more a defensive position, I don't expect to do a huge return on it. Some people sleeps better when they own gold, I like to have a bit of chocolate.
What do you mean by "soon you will get hundreds"?
hundreds of substack subs!