Bollore is a holding company. Through its subsidiaries, Co. conducts business in international logistics, transportation and logistics in Africa (port management, stevedoring, logistics), fuel distribution, batteries and supercapacitors, electric vehicles, plastic films for capacitors and packaging, dedicated terminals and systems, plantations, communicationa and the media (television and free press, advertising and market research) and the management of portfolio shareholdings. Co.'s activities can be divided into four segments: Transportation and logistics, Industry, Fuel distribution, and Other activities.
  • TickerBOL
  • ISINFR0000039299
  • ExchangeEuronext Paris
  • SectorIndustrial Transportation
  • CountryFrance

Analysts

Jerôme Bodin

Bolloré : TEST IT BE

>Faits: Title 1 Never delete this cell - Style texte paragraphe Never delete this cell- Never delete this cell- Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell- Never delete this cell- Never delete this cell Never delete this cell- Never ...

Jehanne Leroy

Bolloré - Assemblée générale des actionnaires du 29 mai 2019

GouvernanceLe 14 mars 2019, Vincent Bolloré a démissionné de son mandat de Président-directeur général et Cyrille Bolloré a été nommé en qualité de Président-directeur général. RémunérationsLa société n’a toujours pas amélioré sa communication concernant les rémunérations attribuées ou attribuables. Ainsi, aucune information n'est communiquée sur les critères de performance utilisés pour le calcul du bonus 2018 de Cyrille Bolloré. Par ailleurs, dans le cadre de la politique de rémunération 2019 du PDG à compter du 14 mars 2019, la société indique que sa rémunération fixe sera portée à 1 100 0...

Expert Corporate Governance Service (ECGS)

Bollore - AGM and EGM 29 May 2019

Vincent Bolloré resigned from his office as Chairman and Chief Executive Officer on March 14, 2019.  Cyrille Bolloré was appointed Chairman and Chief Executive Officer on the same day.  ITEMS 23 and 24: the company did not improve its disclosure on amounts granted as it still does not disclose performance criteria of Cyrille Bolloré's annual bonus.  ITEM 27: Although we strongly appreciate that the company discloses the fixed remuneration of Cyrille Bolloré as Chairman and CEO as of 14 March 2019, we note that the company does not exclude to grant him any other fixed remuneration for any oth...

Jerôme Bodin

ODDO : What Lagardère’s past tells us about Bolloré’s future

>Lessons from the past - We propose here a comparison between the streamlining undertaken at Lagardère SCA between 1988 and 1994 and that to come at Bolloré. At first glance, this long-term analysis might reveal some surprises particularly as the time periods and context are very different. That said, we note a number of similarities between these two situations, notably an identical goal: ensuring that control is maintained over a major asset (Matra Hachette for Laga...

Benoit Valleaux ...
  • Bruno Cavalier
  • Jean Sassus
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Valentin Pernet

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/13/2019

...

Carole Braudeau

Bollore : Still some interest

Publication date 28/09/2017 15:49 - Writing date 28/09/2017 15:48 - - Bolloré bonds - - cpon - maturity - amount - ASW spd - Z spd - YTM - 4.32 - 25/10/19 - 170 - 113 - 109 - 0.9 - 2.875 - 29/07/21 - 450 - 108 - 105 - 1.2 - 2.00 - 25/01/22 - 500 - 126 - 126 - 1.4 - Source : Bloomberg - - Equity data - Reco : Buy - Target : 5.00 EUR - Equity Analyst : Bruno Hareng - - - - - / - - - - - - - - - - - - - - - - - - - - - Bolloré boasts strong competitive position in its core markets and a solid track record (average annual growth rate of 4% for sales, 17% for EBITDA and...

Carole Braudeau

Bolloré : Toujours de l’intérêt

Bolloré occupe un fort positionnement concurrentiel sur ses principaux marchés et affiche un solide ‘track record’ (taux de croissance annuel moyen de 4% pour le CA, 17% pour l’EBITDA et 19% pour le résultat opérationnel au cours des 5 dernières années, marge d’EBITDA qui s’est renforcée de 7.4% en 2012 à 10.7% au S1 2017). L’intégration globale de Vivendi dans ses comptes consolidés depuis le 26/04/17 a permis une amélioration ‘mécanique’ des ratios de crédit qui pourrait se poursuivre si le groupe affecte la majeure partie du cash issu de la cession de ses 59,69% dans Havas (finalisée le 03/...

Carole Braudeau

Bollore : An attractive risk-yield trade-off

Publication date 22/06/2017 18:00 - Writing date 22/06/2017 17:22 - - - - - - - - - Bolloré bonds - - cpon - maturity - outstanding - ASW spd - Z spd - YTM - 4.32 - 25/10/19 - 170 - 100 - 96 - 0.80 - 2.875 - 29/07/2021 - 450 - 151 - 149 - 1.49 - 2.00 - 25/01/2022 - 500 - 159 - 161 - 1.67 - Source: Bloomberg - Equity data - Reco : Buy - Target : 5.00 EUR - Equity analyst: Bruno Hareng - - - - - / - - - - - - The deterioration in 2016 credit metrics is likely to prove short-lived as the group’s balance sheet is set to improve significantly pro forma the ongoing sale of a 59.69...

Carole Braudeau

Bolloré : An attractive risk-yield trade-off

Publication date: 21/06/2017 17:40 - Writing Date: 21/06/2017 17:39 - - - - - - - - - Bolloré bonds - - cpon - maturity - outstanding - ASW spd - Z spd - YTM - 4.32 - 25/10/19 - 170 - 100 - 96 - 0.80 - 2.875 - 29/07/2021 - 450 - 151 - 149 - 1.49 - 2.00 - 25/01/2022 - 500 - 159 - 161 - 1.67 - Source: Bloomberg - Equity data - Recommendation: Buy - TP: € 5.00 - Equity analyst: Bruno Hareng - - - - - / - - - - - - The deterioration in 2016 credit metrics is likely to prove short-lived as the group’s balance sheet is set to improve significantly pro forma the ongoing sale of a 5...

Carole Braudeau

Bolloré : Un couple rendement/risque intéressant.

La dégradation des ratios de crédit en 2016 ne devrait être que temporaire car la situation bilancielle va nettement s’améliorer pro forma de la cession en cours de sa participation de 59.69% dans Havas. - Nous recommandons d’acheter la signature qui offre un surcroit de rendement intéressant par rapport aux papiers notés BBB- et ceux non notés mais estimés au même niveau de rating. - >Facteurs de soutien - - Bolloré occupe un solide positionnement concurrentiel sur ses principaux marchés.- Sur les 5 dernières années, le groupe a enregistré de solides performances opérationnelles avec un taux ...

Jerôme Bodin

Bolloré : TEST IT BE

>Faits: Title 1 Never delete this cell - Style texte paragraphe Never delete this cell- Never delete this cell- Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell Never delete this cell- Never delete this cell- Never delete this cell- Never delete this cell Never delete this cell- Never ...

Jerôme Bodin

ODDO : What Lagardère’s past tells us about Bolloré’s future

>Lessons from the past - We propose here a comparison between the streamlining undertaken at Lagardère SCA between 1988 and 1994 and that to come at Bolloré. At first glance, this long-term analysis might reveal some surprises particularly as the time periods and context are very different. That said, we note a number of similarities between these two situations, notably an identical goal: ensuring that control is maintained over a major asset (Matra Hachette for Laga...

Jerôme Bodin

ODDO : Ce que le passé de Lagardère nous dit sur le futur de Bolloré

>Concordance des temps - Nous proposons ici de faire un parallèle entre la simplification suivie par Lagardère SCA entre 1988 et 1994 et celle à venir chez Bolloré. En première approche, cette analyse sur un temps très long pourrait surprendre tant les périodes et les contextes sont différents. Toutefois, nous décelons de nombreuses similitudes entre les deux situations avec notamment un objectif identique : s’assurer le contrôle d’un actif de taille (Matra Hachette p...

Jerôme Bodin

Bollore : Update on the stake in Mediobanca, what about a divestment?

>Disposal of Mediobanca and focus on TI? - We are taking the opportunity, following Mediobanca's Q3 earnings report yesterday, to provide an update on the possible disposal of Bolloré’s 7.86% stake in the bank’s capital. The recent run-up in the bank's share price could, we think, prompt Bolloré to go ahead with a disposal. Note that the stake in Mediobanca equates to 5% of Bolloré's market value. As we have said on several occasions (see in particular our note o...

Jerôme Bodin

Bolloré : Point sur la participation dans Mediobanca, quid d’une cession ?

>Cession de Mediobanca et concentration sur TI ? - Nous profitons de l’occasion de la publication des résultats T3 de Mediobanca hier, pour faire un point sur la possible cession de la participation de 7.86% de Bolloré au capital de la banque. La remontée récente du cours de la banque pourrait, selon nous, inciter Bolloré à activer cette cession. La participation dans Mediobanca représente 5% de la valeur boursière de Bolloré. Comme nous l’avons évoqué à de nombr...

1 director sold

A director at Bollore sold 1,000,000 shares at 4.201EUR and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Benoit Valleaux ...
  • Bruno Cavalier
  • Jean Sassus
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Valentin Pernet

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/13/2019

...

Benoit Valleaux ...
  • Bruno Cavalier
  • Jean Sassus
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Valentin Pernet

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/05/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/10/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/05/2019

...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/15/2019

The group is in the midst of a challenging reorganisation phase which will likely continue to hurt profitability and visibility. The “fleet of ships” strategy is gradually evolving, but the failure of the MO + Alstom deal represents a sizeable setback. We also think that the underlying issues, such as ROCE levels, have not been addressed: we are still at Neutral, and are lowering our target price from € 110 to € 100. See report published last evening. - ...

BOLLORE NV sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of BOLLORE NV (FR), a company active in the Transportation Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 19, 2019, the closing price was EUR 3.98 and its potential was estimated at EUR 4.18.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Bolloré - Assemblée générale des actionnaires du 29 mai 2019

GouvernanceLe 14 mars 2019, Vincent Bolloré a démissionné de son mandat de Président-directeur général et Cyrille Bolloré a été nommé en qualité de Président-directeur général. RémunérationsLa société n’a toujours pas amélioré sa communication concernant les rémunérations attribuées ou attribuables. Ainsi, aucune information n'est communiquée sur les critères de performance utilisés pour le calcul du bonus 2018 de Cyrille Bolloré. Par ailleurs, dans le cadre de la politique de rémunération 2019 du PDG à compter du 14 mars 2019, la société indique que sa rémunération fixe sera portée à 1 100 0...

Expert Corporate Governance Service (ECGS)

Bollore - AGM and EGM 29 May 2019

Vincent Bolloré resigned from his office as Chairman and Chief Executive Officer on March 14, 2019.  Cyrille Bolloré was appointed Chairman and Chief Executive Officer on the same day.  ITEMS 23 and 24: the company did not improve its disclosure on amounts granted as it still does not disclose performance criteria of Cyrille Bolloré's annual bonus.  ITEM 27: Although we strongly appreciate that the company discloses the fixed remuneration of Cyrille Bolloré as Chairman and CEO as of 14 March 2019, we note that the company does not exclude to grant him any other fixed remuneration for any oth...

Bolloré – Proxinvest Corporate Governance Rating ® : E

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 01/06/2018

Despite concerns raised in 2017, the company did not improve its disclosure on 2017 amounts granted and 2018 amounts to be granted. It still not discloses performance criteria of Cyrille Bolloré's annual bonus. Likewise, it indicates that his fixed remuneration will be increased in 2018 (for at least the 5th year in a row), but still does not disclose its amount. The company keeps on being one of the less transparent companies within the SBF 120.

Jehanne Leroy

Proxy Report - 01/06/2018

Malgré les remarques faites en 2017, la société n'a pas amélioré sa communication concernant les rémunérations attribuées ou attribuables. Ainsi, aucune information n'est communiquée sur les critères de performance utilisés pour le calcul du bonus 2017 de Cyrille Bolloré. De la même façon, si la société indique clairement que son fixe pour 2018 sera augmenté "compte tenu de son expérience et de l’accroissement de ses responsabilités dans la stratégie du Groupe" (comme chaque année depuis au moins 5 ans), elle ne communique toutefois pas le montant qui lui sera attribué. Ainsi, la société cont...

Valérie GASTALDY

Analyse court terme - BOLLORE : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 3,636 €, puis 3,365 €. Le franchissement de 4,178 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - BOLLORE : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €3.636, then €3.365. Passing €4.178 would question the continuation of the fall.

Valérie GASTALDY

Short term view - BOLLORE : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €3.636, then €3.365. Passing €4.178 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - BOLLORE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 3,636 €, puis 3,365 €. Le franchissement de 4,178 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse moyen terme - BOLLORE : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 3,681 €, puis 3,298 €. Le franchissement de 5,091 € remettrait en cause la suite de la baisse.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch