DIOR and LVMH : parent CDI has re-entered an attractive zone
Why revisiting the Dior-LVMH case now ?
Because :
• LVMH has outperformed its parent Christian Dior (CDI) by about 6% since the 27 July release of its H1 earnings
Sending back the CDI price / LVMH content ratio near its 0.88 historic support (see chart page 3)
• Groupe Arnault (GA) interestingly reloaded a €24m CDI block on 2 August (AMF disclosure)
• the October-end release of CDI’s annual report may ,as usual ,revive some trading interest