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Philippe Lecoq

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Ofivalmo (Past)
Paris, France
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1-10 of 12 online sources for Philippe Lecoq

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    Billionaire Soros is convicted - [Cached Version]
    Published on: 12/21/2002    Last Visited: 12/24/2002  

    "We must stop being so soft on insider trading," said Philippe Lecoq, a fund manager at Ofivalmo Gestion in Paris who helps manage 1 billion euros and holds shares in Societe Generale."Insider trading must be seriously punished and people found guilty should be jailed."

    Prosecutors asked that Soros, who made $1 billion by betting against the British pound in 1992, repay no more than the amount he gained because the events took place 14 years ago.

    Prosecutor Marie-Christine Daubigney said the case took so long to be tried because it took six years to obtain documents from Switzerland.

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    Breaking News: Reuters - [Cached Version]
    Published on: 1/8/2002    Last Visited: 10/3/2002  

    At the same time I remain very cautious about the stock given that they could very well announce a huge capital increase tomorrow," said Philippe Lecoq, European fund manager at Ofivalmo in Paris.

    Shares in Thomson Multimedia, which have fallen 18 percent since Breton's name was first mentioned as a successor to Bon, were down 3.76 percent at 15.34 euros.

    TURNAROUND PLAN AWAITED

    The government, which has pledged to support France Telecom, has said that a new chairman will present by end-October a plan to restore the firm's groaning balance sheet -- victim of an over-ambitious expansion spree during the telecoms boom.

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    Breton nominated as new France Telecom chairman - [Cached Version]
    Published on: 10/2/2002    Last Visited: 10/2/2002  

    "Just the fact that they've managed to find somebody is a good thing," said Philippe Lecoq, fund manager at Ofivalmo in Paris."It's someone that has a good image."

    But Breton faces an enormous challenge as he balances the demands of bondholders, lender banks, shareholders and the government, which owns a 55.5 percent stake in the firm.

    A slide in France Telecom shares to within a hair of their par value of four euros has complicated initial plans for a 15 billion euro rights issue, and the government has indicated that a multibillion state loan may not be a feasible solution.

    Investors have been urging a refinancing plan for months to inject capital into France Telecom, which faces a funding gap of around eight billion euros from next June, analysts estimate.

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    Cost cuts, champagne boost LVMH H1 earnings - [Cached Version]
    Published on: 9/12/2002    Last Visited: 9/12/2002  

    But Philippe Lecoq, asset manager at Ofivalmo, said he was still cautious on the sector."If there is a slowdown the fall will be harder...if there is war in Iraq it will be one of the sectors most badly hit," he said.

    Operating profit in LVMH's wines and spirits division jumped 44 percent to 277 million euros as retailers restocked shelves with its Moet & Chandon and Veuve Cliquot champagnes.

    Fashion and leather goods led by the Louis Vuitton brand -- the group's other twin motor -- posted a 3.3 percent rise in operating profit to 655 million euros.

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    Eurostocks firm on mixed earnings, Alcatel shines - [Cached Version]
    Published on: 7/28/2003    Last Visited: 7/29/2003  

    "With most of European earnings reports under investors' belts, the general picture is rather positive as restructuring has helped companies eke out more profits," said Philippe Lecoq at Ofivalmo, a French investment fund that oversees about 3.5 billion euros.

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    France Tel Suffers on Rescue Uncertainty - [Cached Version]
    Published on: 9/13/2002    Last Visited: 9/13/2002  

    "They missed a golden opportunity," said Philippe Lecoq, fund manager at Ofivalmo in Paris.

    "This was the time to do a capital increase and they failed to do it.They seem to be hoping that market conditions will improve and that may be a mistake."

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    GLOBAL MARKETS-Markets wait for signs of economic... - [Cached Version]
    Published on: 7/29/2003    Last Visited: 7/29/2003  

    "The general picture is rather positive as restructuring has helped companies eke out more profits," said Philippe Lecoq at Ofivalmo, a French investment fund that oversees about 3.5 billion euros ($4.03 billion).

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    Gucci dream team says goodbye - Nov. 4, 2003 - [Cached Version]
    Published on: 11/4/2003    Last Visited: 11/5/2003  

    "It lifts one type of uncertainty, but it introduces a lot of others," added fund manager Philippe Lecoq at Ofivalmo, who said the Gucci acquisition was "not the crowning coup" of the career of PPR's billionaire owner, Francois Pinault.

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    More merger deals to follow? - October 2, 2003 - [Cached Version]
    Published on: 10/2/2003    Last Visited: 10/2/2003  

    - Philippe Lecoq, a fund manager at Paris-based Ofivalmo
    ...
    'We are seeing the beginning of a consolidation phase in the air transport industry due to rising costs and a slowdown in traffic,' said Philippe Lecoq, a fund manager at Paris-based Ofivalmo. 'That evidently pushed this merger.'

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    Reuters | Latest Financial News / Full News Coverage - [Cached Version]
    Published on: 9/30/2001    Last Visited: 10/1/2003  

    "We are seeing the beginning of a consolidation phase in the air transport industry due to rising costs and a slowdown in traffic," said Philippe Lecoq, a fund manager at Paris-based Ofivalmo.

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