MBTN SW – Update – Decent J-Curve potential

*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…

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Monaco Alpha Update: Below is a brief update on each of our names

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…

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Closing TED, +12.5%

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 –…

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Closing BUY TMV US, +50%

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?…

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Monaco Alpha Update: Below is a brief update on each of our names

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…

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BUY CNE LN – India Update – Reiterate Buy

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…

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CNE LN – Update – Reiterate BUY, +35% ABS – We continue to see a +50% upside although catalyst probably not until next year

*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…

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