*We liked the name for the upside in an M&A scenario but with the seemingly low bids coming in, KKR walking away and government still not that stable we are starting to doubt if the timing for such an acquisition is right *Even if the deal is agreed at the speculated EUR 3.5 we expect…
While guidance disappointed despite the already low expectations – Now trading close to the 2019 lows at EUR 50-55 Short interest in UBI is around 16 days to cover – we expect to see some profit taking soon amongst those ANR <GO> does not have a single broker with a target price below the current…
The stock has come all the way from EUR 85 to around EUR 60-65 since February’s guidance cut as analysts have cut projections which has left the stock around the March 2020 lows despite company being in the right industry in Covid times We see the move as overdone and the current consensus as too…
Rights finished trading yesterday – despite Bloomberg saying today – results set for 12th May As reducible orders were possible it was trading through terms on the optionality – this should mean that not much of a rump will be left to place (rights not taken up) Already seeing some strength today and the spikes…
*Stock has been very weak due to a lack of positive news flow – over the week the stock is up +8% as we are seeing the UK-India virtual summit agreeing on a 2030 road map to strengthen ties *Meanwhile reports are that India asks State banks to protect dollar assets on concerns that CNE…
*With the company now closing the rights issue to fund the Borsa Italiana transaction we see the cards lining up for a decent jump *Borsa Italiana acquisition accretive immediately – and now the company is well positioned for further M&A and leaving potential further upside to any valuation as they are set to become a…
Stock now -0.8% from Friday’s level after the company confirmed a press report this weekend that it has rejected two unrelated unsolicited approaches from EQT-Stonepeak and KKR – while we are excited to hear firm news about approaches we are not adding here Proposition from EQT did not include an offer price – Reports over…
We are now starting to see the turnaround taking effect as the company announced results beating on both top and bottom line The company is now showing strong improvement in both cash generation – and more importantly on the much needed cost cutting, they are well on track for the three phased turnaround plan that…
The 1Q banking earnings to date are supportive of the KBC story. Stock is huge laggard YTD versus the p/book discounted names but they’re in the right zone now to play catch-up and we expect a robust Q1 earnings performance. We believe that management have set their plan to pay down capital to 15.5% and…
TP 50p leaving a +120% upside, Blue Sky +300% Harbour was listed on the 1st April as part of Chrysaor Holdings reverse takeover of Premier Oil (PMO holders got around 5% of Newco effectively) and is now the largest UK listed independent oil and gas company with a strong management team behind it that can…