PEUG will publish its half-yearly NAV on 13 September.
Despite the increase in the relative weight of unlisted investments in the NAV (from 15% in 2007 to 36% at the end of 2021), the NAV at 30/06 will be impacted by the fall in the financial markets. Taking into account only the listed investments, the NAV would have fallen by 23% at 30/06/22 to €180 per share, although less than the share price (-30%). The discount has widened to 52%.
Decisions recently taken by Orpéa, of which PEUG is the 2nd shareholder, during the first half of the year seem to us to be in line with the stakes.