José this Is very interesting,I am italian and when I started investing 10 Years ago One of my best pick was Ima.I did Money but hold not enough.this industry are resiliente and Italians know how to growth step by step.keep in Mind that they are listed on Italians stock market and sono or later debt Is and issues and market goes in oversold so the price Will loose easily 50% but keep also in Mind that tese times are the Better to add to long term compounders
Excellent write-up Jose, enjoyed reading it. The company is well run and valuation far to low. The pharmaceutical packaging is a growing niche that they can tap into as well.
Hi, really interesting and well researched article. Just beginning to dig in myself. Definitely has had some impressive growth the last couple of years and I really like the tuck in acquisitions and international expansion. Quick couple of questions: am I right in saying there is about 20% minority interests as this certainly makes a difference when thinking about valuation based on group only figures available to shareholders? Secondly, do you think margins are sustainable? I would be a bit concerned that these may mean revert now in a post covid world now, but have been impressed at the stability in 2022.
José this Is very interesting,I am italian and when I started investing 10 Years ago One of my best pick was Ima.I did Money but hold not enough.this industry are resiliente and Italians know how to growth step by step.keep in Mind that they are listed on Italians stock market and sono or later debt Is and issues and market goes in oversold so the price Will loose easily 50% but keep also in Mind that tese times are the Better to add to long term compounders
Excellent write-up Jose, enjoyed reading it. The company is well run and valuation far to low. The pharmaceutical packaging is a growing niche that they can tap into as well.
Hi, really interesting and well researched article. Just beginning to dig in myself. Definitely has had some impressive growth the last couple of years and I really like the tuck in acquisitions and international expansion. Quick couple of questions: am I right in saying there is about 20% minority interests as this certainly makes a difference when thinking about valuation based on group only figures available to shareholders? Secondly, do you think margins are sustainable? I would be a bit concerned that these may mean revert now in a post covid world now, but have been impressed at the stability in 2022.