April 10, 2017

Plastique du Val de Loire

We feel like a SITTING DUCK on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
PVL.PA (FR0000051377 )

Plastiques du Val de Loire SA is a France-based company that specializes in the manufacture of complex plastic parts. Using the injection process the Company processes thermoplastic petroleum granules into parts for use in such sectors as television and audio, automobile, telecommunications, electrical, construction and gardening. 

MARKET: Euronext Paris


Gain over the quarter: +3.2 % 

Fair value: 170 €
Discount: 11%
Average yearly return: 55%

On Feb 21, 2017 PLV.PA announced: * Q1 revenue 148.8 million euros versus 131.6 million euros year ago * Raises revenue target for 2016-2017 to above 615 million euros from 600 million euros * Maintains 2016-2017 EBITDA margin target at about 12 pct