July 31, 2017

Chargeurs

We feel like a lame duck on the markets.


CRI.PA (ISIN FR0000130692)

Chargeurs is a France-based company active in the area of textiles. The Company manufactures fabrics and garment interlinings for the apparel industry. It operates in three business segments: Temporary surface protection, through Chargeurs Protective Films, primarily in the building materials industry, but also in electronics and household appliances; Technical textiles, through Chargeurs Interlining; and Raw material processing, through Chargeurs Wool which specializes in top making, consisting of designing wool blends.  

Market: Euronext Paris

http://www.chargeurs.fr


Gain over the last quarter: +6.9 % 


Fair value: 29 €
Discount: 18%
Average yearly return: 55%
Outperformer

On June 7, 2017 CHANGEURS SA : * SAID ON TUESDAY IT HAS SUCCESSFULLY NEGOTIATED A NEW EURO private placement RAISING A TOTAL OF 50 MILLION WITH A MAXIMUM MATURITY OF 10 YEARS * NEW FUNDS ARE PART OF OUR LONG-TERM MARKET STRATEGY * OVERALL AVERAGE INTEREST RATE FOR THE IS 3.45% (INCLUDING ALL FINANCIAL CHARGES)

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