Francaise des Jeux FDJ

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Yesterday’s listing of France’s 52% stake in the state lottery company, Francaise des Jeux (FDJ), was met with great anticipation as the share price soared over 16% on its first day of trading. As Europe’s second largest lottery (the fourth largest worldwide) and due to its stable fundamentals, attractive dividend payments, and a long-term exclusivity deal, we add FDJ to our watchlist for a better entry point ahead of its semi-annual earnings next year.
22 November 2019
Weekly Reports
Last week saw the announcement of a new US Spinoff, the management of Madison Square Garden (MSG) completely flipping the Spinoff structure ahead of its Q1 2020 break-up as well as the beginning of the offering date of France’s lottery, Francaise des Jeux (FDJ). Click here for more on these names as well as the release of our Special Sits idea, Bed Bath & Beyond (BBBY) as well as the upcoming stake distribution of Kinnevik AB (KINVB SS).
12 November 2019
Full Analysis
The French Government's privatization of state lottery company Francaise des Jeux (FDJ) will see approximately 52% of shares offered to retail and institutional investors between November 7 and November 20, with the first day of public trading on November 21, 2019. Our analysis of the situation indicates strong growth in the near-term driven by stable fundamentals, attractive dividend payments, and a long-term exclusivity deal made with the French State. Read on for more details.
11 November 2019
Weekly Reports
In our Idea Generator, we explore this week’s privatization of France’s lottery, Francaise des Jeux (FDJ), as well as Bed Bath & Beyond’s (BBBY) new CEO effectively taking his position this week and what that could mean going forward. Our full analysis will be out on both these names this week. Likewise, we continue to see upside in Ingersoll-Rand (IR) and Associated British Foods (ABF), both jumping on their recent earnings. Click here for more.
05 November 2019
This week, the French government will be raising cash to help pay down its national debt by selling its current stake in France’s lottery, Francaise des Jeux (FDJ), via a privatization. As Europe’s second largest lottery and the fourth largest worldwide will look to list on the market, the French government will sell approximately 52% of its stake in FDJ. An initial look ahead of the prospectus shows the company as a good long-term opportunity. Full Analysis out shortly.
04 November 2019
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