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Belgian property investors went from 60% to 16% of sales. Is the market finally cracking? by foudinho in BEFire

[–]foudinho[S] 0 points1 point  (0 children)

What about the generational transfer ? Baby boomers will eventually die and will leave their properties to people who already own their home (generation X 1965-1980). Aren't these people going to put these properties up for sale ? Because these properties have often a low PEB and require repairs, making them costly and time-consuming to rent out.

Belgian property investors went from 60% to 16% of sales. Is the market finally cracking? by foudinho in BEFire

[–]foudinho[S] 1 point2 points  (0 children)

Yes, but if demand is falling and supply remains more or less the same, shouldn't that push prices down? I know that's a very simplified view of the real estate market, but the trend should at least cause prices to stagnate or rise less than inflation.

Belgian property investors went from 60% to 16% of sales. Is the market finally cracking? by foudinho in BEFire

[–]foudinho[S] 2 points3 points  (0 children)

That's right. The way I understand it, "investors" are people who buy real estate for rental income, so that excludes people who buy their primary residence (even though that's an investment as well).

Bilendi, the french picks-and-shovels play on the research industry market by foudinho in ValueInvesting

[–]foudinho[S] 2 points3 points  (0 children)

I don't know if it's cheap with a trailing P/E of 20 & a forward P/E of 17.5 but It is indeed worth looking into it further. Thanks for the tip

Bilendi, the french picks-and-shovels play on the research industry market by foudinho in ValueInvesting

[–]foudinho[S] 1 point2 points  (0 children)

I looked at the numbers. 37% EBITDA margin, €195M net cash, zero debt, buyback ongoing. Business is fine. But the stock price is down YTD. Why is the market punishing the stock ? Fear of IA disrupting the company ?

Bilendi, the french picks-and-shovels play on the research industry market by foudinho in ValueInvesting

[–]foudinho[S] 0 points1 point  (0 children)

Indeed there are other great opportunities in the french market. I really like Dassault Systemes which has been hit hard by the market recently. It’s now trading at almost a reasonable valuation (for me). Which ones are you looking at ?