Good write up! Thanks for mentioning me. I am also entered into Amadeus fire (too) 'early'. I truly expected them to trade lower but thought the chances for me truly adding shares at lower prices (with worse macro environment) was higher if I bought a starter position. I have also recently added shares (a day later would have been yet cheaper of course) after selling first bc tax.
I have not added as much shares as thought initially since someone on fintwit brought up their polished FCF metric (FCF=CFFO-CFFI) which excludes leasing payments (included in CFFF).
Due to holidays not made up my mind yet in the issue. But I mostly looked at net income and concluded cash conversion is strong, but maybe not that strong as initially believed!
Which option is better for the Bollore family: Valuing Bollore or ODET higher in a merger/takeover?
Good write up! Thanks for mentioning me. I am also entered into Amadeus fire (too) 'early'. I truly expected them to trade lower but thought the chances for me truly adding shares at lower prices (with worse macro environment) was higher if I bought a starter position. I have also recently added shares (a day later would have been yet cheaper of course) after selling first bc tax.
I have not added as much shares as thought initially since someone on fintwit brought up their polished FCF metric (FCF=CFFO-CFFI) which excludes leasing payments (included in CFFF).
Due to holidays not made up my mind yet in the issue. But I mostly looked at net income and concluded cash conversion is strong, but maybe not that strong as initially believed!