*Looking to add towards the end of the rights issue subscription period that ends on the 9th November *Terms are 7 for 20 at CHF 0.267 raising CHF 250m – trading period 1st November to 7th November, subscription period ends 9th November, new shares to trade 11st November *Short interest around 30-35% *We have seen…
MEDIUM TERM Trade – Getting more long commodities plays – update to idea at the end H = Hold C = Closed B = Buy / Add S = Short/add to short ATO B -80% Add Had another shocker, while the company says it does not want to sell the cyber security business, we see…
Closing the trade given the takeover bid – we saw more upside fundamentally but in this market we will take the profit Doubling up on TED LN – Sell-off overdone Monday • 04 July 2022 • 17:45 *Adding to our position as we see sell-off as massively overdone BUY TED LN – 100% upside –…
FED priced for 8/9 hikes this year. I think if China is going to be like this for a while which seems likely then no way the FED gets 8/9 away. Closing for +50% profit and I would be happy to initiate the inverse position and be long bonds/short rates. Bond move gone too far?…
Below is a brief update on each of our names CCJ B +127% HOLD Performed very well, we continue to like the name and see a lot of prospects for the sector, especially as governments have felt the pressure of from the spike in oil due to the geopolitical tensions. A western Uranium company like…
*We continue to like the oil sector and are tempted to keep a small position as we believe in the E&P assets of CNE but we also want to use the liquidity event to book profits as we are up +50% even though we continue to see another 20-30% upside in the stock *Yesterday we…
Statement from company overnight saying the company has now concluded all necessary steps required for receiving refund, upon acceptance India will pay USD 1.06bn – working with government to expedite refund – special dividend expected early 2022 We continue to see large upside for the Capricorn (recently changed name from Cairn) Our SOTPs comes in…
*Announced today that it is working with Indian government to expedite refund *The company has dropped litigation and accepted the governments offer to settle for USD 1bn – inline with what was widely expected *The company reiterates the early 2022 guidance for the special dividend (as previous announced although investors were being more hopeful) *The…
*Both our DCF and our peer valuation show a +25-30% upside from here with a pt of EUR 27-28 which makes it a great name to add to our sector exposure – we would initiate half of our position ahead of results tomorrow *SGRE has been punished over the last few months and is now…
*The results posted a couple of weeks ago were widely inline and guidance was reiterated *With Digital, Cloud, Security and Decarbonization having increased to more than half of the group’s total revenue we see the company well placed for further growth – over time the company looks to further increase this to around 65% of…