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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (47262)	4/1/2012 12:43:54 PM
From: Spekulatius	Respond to of 78717

SOF.BR (Sofina) tearsheets: markets.ft.com

To: Spekulatius who wrote (47262)	4/20/2012 10:04:28 AM
From: Spekulatius	Respond to of 78717

GBLB.BR at 52.5Euro - decided to take a flier on this Belgian holding company on what appears to be a widening discount to NAV. As mentioned before, GBL has holdings in many European large cap stocks that I consider cheap, foremost TOT, Suez, Lafarge, Pernod and material company Imersys. They did sell off some shares in Arkema and peeled of some Pernod to reduce the already small leverage. I believe they are now in a net cash position. There is also a nice dividend coming soon (~2 Euros). The discount (to NAV) on to of a discount (owning cheap stocks) makes GBLB.BR worth a bet.