Vinci: Relative Value Case, But They Are Still Sinking Cash For Growth

Group 1 - Vinci SA remains an attractive investment due to its valuation, although the mode of return needs to be revised from a deleveraging play as the company is still in that stage [2] - The Value Lab focuses on long-only value investment ideas, targeting a portfolio yield of about 4% and has performed well over the last five years by engaging in international markets [1][2] - The Valkyrie Trading Society consists of analysts sharing high conviction ideas that are downside limited and likely to generate non-correlated and outsized returns in the current economic environment [3]