L’Occitane Groupe doesn’t appear willing to pay 35HKD for $973.hk. A reminder that the ‘undisturbed price’ they reference was after $973 intentionally crashed their share price by guiding down margins to 12% by ramping discretionary marketing and ESG spend by 100m EUR.
Chairman and 70% shareholder considering a take private of $973.hk. He'd better offer a good price given that he's just tanked the share price by giving overly conservative margin guidance.
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They might be a French company listed in HK, but they are definitely acting like an EM stock.
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@roojoo3
@MikeFritzell
@MikeFritzell
NagaCorp also looks like a good HK listed contra bet? some day things have to recover?
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@roojoo3
The undisturbed price also does not include the latest financial update which was strong 🙄
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