Investment company Latour (OMX Stockholm – LATO B).
Latour has historically rarely traded at any discount to net assets at all. During the early 2000s and until 2015, Latour traded at a discount during certain periods, but for most of the last decade, the company has instead had a net assets premium (often between 10 and 40%). What we are seeing now is a historic event, that Latour has a discount of 3.55% compared to Investor’s 0.24% as of June 28, 2026.
Latour is attractive right now. You can find similar analysis, but at the same time, how much we dare to pay per share varies. I am happy to pay when I get a discount. Others think that Latour is worth a 10% premium while some think that a 20% premium is still okay, you will make money in Latour over time anyway. An example I want to mention is that during the first quarter of 2024, Latour had a price of SEK 280, the company’s net asset value was then approx. SEK 130,000 million. Now we have the same expectations for 2026, but the share price is SEK 190. Even slightly lower depending on how the market moves hour by hour. Why such a big loss? Nothing has changed since then. Maybe slightly worse prospects, but not 30% worse, I think.
Despite a significant drop in recent years! I have started to increase in Latour with a view to a discount. I like many of their holdings, including HMS, Hultafors, Securitas and Tomra.
Today I own shares in Latour and will buy more if there is further price pressure.
*This is not a sales pitch, always do your own DD, it’s your money and you take the risk. There is no guarantee that the investment will be good in the future.
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