EVENTS:   Best Equity Short Ideas Conference Call 12 - Zach Shannon/Corto Capital Advisors & Craig Huber/Huber Research Partners & Thomas Beevers /Forensic Alpha & Ed Steele/Iron Blue Financials & Bill Campbell/Paragon Intel - 12 Nov 25   Will AI Deflate the World? Macro Lessons from Three Industrial Revolutions and China - Manoj Pradhan/Talking Heads Macro - 13 Nov 25     ROADSHOWS: Forest Products Sector Equity and Commodity Research With Expertise in Distressed Debt - Kevin Mason /ERA Research   •   London   12 - 14 Nov 25       Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   17 - 19 Nov 25       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   17 - 19 Nov 25      

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Technicolor (TCH FP) France

Technology

AIR Capital

Hollywood Magic Maker - major restructuring last year has resulted in a significantly improved performance. The disposal of the remaining legacy units will result in a “new and lean” business. Demand for its Connected Home broadband boxes as well as its Creative Studios VFX technology will continue to grow rapidly. As the world’s largest player in visual effects for the movie industry, TCH is set to benefit from a resumption of activity in Hollywood studios. TP €5.00 (67% upside).

Edition: 118

- 03 September, 2021