Credit Agricole SA engages in the provision of banking and financial services. It operates through the following segments: French Retail Banking, French Retail Banking, International Retail Banking, Savings Management and Insurance, Specialized Financial Services, Corporate and Investment Banking, and Corporate Centre. The French Retail Banking segment provides banking and financial services for individual customers, farmers, small businesses, corporate and local authorities. The French Retail Banking segment offers asset management, insurance, and wealth management products. The International Retail Banking segment covers foreign subsidiaries and investments that are involved in retail banking. The Savings Management and Insurance segment offers: asset management activities; asset servicing for institutions; life insurance and personal insurance; property and casualty insurance; credit insurance activities; and private banking activities conducted mainly by CA Indosuez Private Banking and by Cr�dit Agricole subsidiaries. The Specialized Financial Services segment provides consumer financing services and specialized financial services such as factoring and leasing. The Specialised Financial Services segment handles the group subsidiaries which provides financial products and services to individual customers, small businesses, corporates and local authorities in France and abroad. The Corporate and Investment Banking segment operates in capital markets, investment banking, and financing activities. The Corporate Center segment involves central body function, asset and liability management, and results of the private equity business and various companies of the group. The company was founded on November 5, 1894 and is headquartered in Montrouge, France.
After mining and civil services contractor, MACA, negotiated a contract with Beadell Resources last week its share price increased from $1.18 to close the week at $1.37, representing an increase of 16 per cent.
While this is a substantial gain, the company had arguably been oversold and was coming off a 12 month low, which in itself was hard to justify. By any measure MACA has been one of the best performing mining services company since listing on the ASX in November 2010.
From a high of more than $5.00 twelve months ago, Webjet’s (WEB) share price was getting close to being attractive to value investors. However following the release of WEB’s interim results the share price shot back up, from $2.50 to $3.16, before settling back at $3.03 as at close of trade on 18 February.
There has been plenty of talk about the arrival of international competitors, namely Priceline.com (PCLN) and Expedia Inc (EXPE), eating into WEB’s market share. Has this news fuelled an over reaction, or is the future profitability of Webjet truly under threat? Is WEB on your watchlist?