Bought 117 shares of Kering @ 153.35 Euros on 18/Feb/2014. Cost in SGD is 31936.34.
Will write up later. Kering is the only Luxury company trading at a reasonable (but not cheap) valuation of 14X earnings. Their main brand Gucci is out of favor right now. Long term investment. This is half a position. Would buy more if it drops to 120+.
Shares are directly managed to avoid counterparty risk. Held through CACEIS.
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