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Vivendi

VIVENDI has an excellent control of Net debt to EBITDAFUNDAMENTAL Very good fundamental results. Net debt to EBITDA ratio x0.99, EBITDA +35.6% increase YoY. Even though Canal+ business has Netflix and HBO as biggest competitors, Gameloft investment was a smartmove from Vivendi, as well as Lagardere. Deconsolidation of Telecom Italia damaged shareholders' attributable earnings up to -€1bn. I still need to get informed about the company's wish to sell Editis. But overall, positive on the stock. TECHNICAL After US's and Switzerland's banking crisis, Vivendi has touched the 0.5 Fibonacci Level almost 3 times. The stock is immersed in a long-term downward trend that started back in August 2021. A superation of the downward channel could mean a turnaround for the long-term trend. 9.50€ level (0.236 Fibonacci) could be one of the first levels for Vivendi to reach in the near term.
EURONEXT:VIVLong
by alexinve
Vivendi long long terme BUYFundamental: Currently, we know that the Vivendi breach exposed consumers’ names, addresses and financial account information. On October 24, 2022, Vivendi Ticketing sent out data breach letters to all individuals whose information was compromised as a result of the recent data security incident. While the total number of people affected by the breach remains unknown at this point, there are reportedly 92,074 victims in Texas alone. Given this information, it is likely that the number of affected parties is in the hundreds of thousands. Apple on Monday announced price increases on all of its services in its key markets, including Apple Music. The price goes in France to 10.99 euros per month, against 9.99 euros previously and the family subscription to 16.99 euros against 14.99 euros. Apple's decision benefits Universal Music Group (UMG) on the stock market, with the major winning 8.4% on the Amsterdam Stock Exchange. Vivendi SE on Thursday posted higher third-quarter revenue led by growth at Gameloft and its advertising and public-relations business Havas. The media conglomerate steered by the family of French billionaire Vincent Bollore said revenue climbed to 2.58 billion euros ($2.52 billion) for the quarter ended in September, from EUR2.48 billion last year. The result represents a 0.6% increase on an organic basis. Organic revenue growth--a closely watched metric--refers to the change in net revenue excluding the impacts of acquisitions, disposals and currency fluctuations. Revenue at Canal+ Group, the pay-TV business that accounts for the lion's share of Vivendi's top-line, slipped to EUR1.42 billion from EUR1.47 billion. Gameloft reported a 45% increase in organic revenue growth, thanks to the Disney Dreamlight Valley game launched in September. Havas's revenue rose 3.2% organically. Lagardère benefited in the third quarter from a rebound in its retail business in stations and airports, with overall sales up 35.5% to 2 billion euros, according to a press release. The activity of the “Travel Retail” branch increased by 61% to 1.1 billion euros, and “virtually returns to its 2019 level” before the health crisis. France, Europe and the Americas are growing strongly thanks to the resumption of travel, while the Asia-Pacific region remains down (+6.1%) due to the zero-Covid policy in China. The Hachette Livre branch, the other activity of the Lagardère group now majority-owned by the Vivendi group, for its part rose by 12% (or 4% on a like-for-like basis), to 780 million euros. Revenue from other activities increased over the period by 3.6% to 178 million euros (or 4.4% like-for-like). For its part, media activity (Paris Match, the JDD, and Europe 1) is down 6.6% due to a “sluggish” advertising market. On the outlook side, in an unstable environment marked by inflationary tensions, China's zero-Covid policy and Russia's invasion of Ukraine, Lagardère is continuing its efforts to control costs, optimize its revenues, and controlling its cash flow. "Given the performance of Lagardère Travel Retail, the Group is revising its overall outlook for 2022 slightly upwards," the statement said. Lagardère Publishing's consolidated revenue is expected to be stable in 2022. Profitability should be affected by a less favorable market trend in a context of inflationary pressures on costs, in particular for paper and energy: Lagardère Publishing thus expects an operating margin of close to 11% for the year 2022. TF1 also pointed to a loss of digital advertising revenue after the sale of Livingly Media and Gofeminin.de. The group's advertising revenue over the period fell to 327.9 million euros (327.7 million) against 360 million a year earlier. Consolidated revenue amounted to 553 million euros in the third quarter, up nearly 6% compared to the previous year, strongly boosted by the sales of Newen, the television production subsidiary of TF1, at the origin of programs such as "Versailles" and "Plus belle la vie". The group's parent company, Bouygues, worked for more than a year on a plan to acquire a majority stake in France's second-largest private television channel, M6, before TF1 and M6 pulled out last month. Their proposed merger, intended to stave off the rise of US streaming platforms, was driven by antitrust demands that made the deal moot, they said at the time. TF1 appointed Rodolphe Belmer as CEO just a week after the deal fell through. Belmer, former boss of Canal Plus (Vivendi) and satellite operator Eutelsat, will lead the television group at a time when competition from companies like Netflix and Disney is becoming more and more acute, the platforms interested in streaming ad-supported video. The group did not provide financial targets for the year. European Union antitrust regulators will decide by Nov. 30 whether to clear French media company Vivendi's (VIV.PA) proposed acquisition of French peer Lagardere, a European Commission filing showed on Tuesday. Vivendi put in a request for EU approval on Monday, according to the bloc's competition enforcer. The deal, which would combine France's two biggest publishing groups, Lagardere's Hachette and Vivendi's Editis, has already drawn criticism from French independent publishers, including its most famous one, Gallimard. Technical: High volume on 8.500 € level indicating the high increase potential. Standard Deviation indicator confirming the low impact of volatility on the market. Reversed head and shoulders pattern noticed and neckline reached. Support MMA20 leading the price to a higher level, over 0.382 Fib' level and probably 0.5. ADX indicator confirming the current strength of the trend. Money management: RRR: 3 Aim: +7.38% Risk: -2.41%
EURONEXT:VIVLong
by thefrenchsniper