Great Numbers & CC Great numbers from Shire – CC went well They are on the road next week and we are likely to see a lot more bullishness around them. Currently +6% Run this into next week as the road show will add momentum Tue, 21 Oct 2014 13:58 SHIRE: Buy into numbers Friday…
Adidas is a business with a huge margin expansion opportunity, and, a plan to realise that opportunity. Management made the targets public in 2010 as part of the “Route 2015” strategic business plan. The plan aims to increase sales by 50% from 2010 levels, to EUR 17bn by 2015. The plan targets an operating margin…
SHIRE: Buy into numbers Friday US arbs back in selling this afternoon. Has been the daily pattern Deal with AbbVie is dead and most likely any other deal ST however much Paulson begs! However still think they are a buy . Fundamentally one of the best stocks in space Cheapest multiple for the growth They are…
Two earnings statements yesterday really caught his eye: indicating growth in the industrial sector in the US is very strong: First, Steel dynamics, they said: “Third quarter 2014 shipments increased across all of the company’s operating platforms, as compared to the sequential quarter… operating income from steel operations increased approximately 37 percent, based on improved…
Faurecia confirmed its guidance for 2014 as it reported a 6.5% year-on-year rise in revenue in the third quarter Faurecia recorded rises in product sales in all regions where it operates, with particularly strong growth in Asia. The car parts maker continues to expect an increase in revenue on a like-for-like basis of between 2%…
The US market’s PE rerating is probably complete. The relentless march lower in credit default premiums is waning. Long duration US corporate bonds yields peaked at around 9% in 2009 – equivalent to an equity PE ratio of 11. They then began a very steady decline to around 4.5% by 2013 – equivalent to a…
It has been a frustrating year for equity managers, especially those in Europe. The reason it feels so much harder to make good returns is because the market environment has subtly changed. The two main tailwinds for the market: (1) falling interest rates and (2) shrinking credit default premiums, are slowly ebbing. In January 2010,…
Success of the new Peugeot 308 with 60,000 orders already booked Launch of the Peugeot 308 SW in April Company announced introduction of a night shift starting on 2 June 2014 -600 jobs created and 450 temporary employees recruited (Link) Doesn’t sound like a company struggling Still one of the most shorted stocks out there…
TESCO: X-read from MRW results Morrison reported weak numbers/outlook today on the back of crippling competition from low-end supermarkets Aldi & Lidl Aldi’s UK sales growth is up 34% in the past year alone. Discounters including Lidl and Farmer Foods are starting to make a real dint in the UK grocery market (as shown by…
TRADING IDEAS UPDATE: LONG: Commerzbank, Arm Holdings, Peugeot, BAE, Sanofi, Schneider Electric Sky Deutschland, Tele2, Atos SHORT: Tesco, Edenred MACROVIEW: We are still bullish on the market and Europe outperforming the U.S. in particular. This week’s European PMIs confirmed expansion at an increasing rate. Our macro view remains unchanged from our year ahead piece (see 2014…