*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…
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…
We initiated a position in February on the back of the potential renewable IPO and our believe that the vaccine roll-out will help boost the oil price as the global economy restarts. Both catalysts have had sizeable impacts on the share price. The IPO still has no specific date so we will book our profits…
*The Irish based company was listed on the NYSE back in July *Market leader in fresh fruit and vegetable sector – nearly double the revenue of its competitor *The company does everything from cultivation to manufacturing to distribution of fruits and vegetables *Majority of revenue from Europe and US as it fits the health and…