*Interesting article in the Business standard saying India could give CNE some oil fields instead of paying the USD 1.4bn citing sources *Article calls it a win-win to get an established exploration and production (E&P) firm back to India while their economy is struggle with Covid leaving limited options for payment *Points out US oil…
*Our DCF valuation is around EUR 11 while comp valuation comes in around EUR 12 leaving only 10-20% further upside *Banks seem to have caught onto the story post the commodities rally – Bernstein upgraded the stock earlier this month and expects favorable agricultural environment this year – which has helped drive the stock to…
Description *CCJ is a Canadian based company and is one of the largest Uranium producers – a pure-play nuclear fuel company, focused on providing a clean source of energy -CCJ is net debt neutral with a market cap of EUR 6.6bn *CCJ has a strong board of oversight of global ESG standards and 100% of…
*While a bit of a ‘hated’ company with a historic of earnings disappointments we believe the new management will be able to turn the company back into a winner with its 5G focus – competing against Huawei who has been hit with political opposition in its expansion *5G is one of the largest infrastructure projects…
*Stock dropping on BFM article raising concerns about delays to break up for another 6 months which could pose issues passing the reform in parliament this year thereby delaying the split by a year at least *Elections in France are in March 2022 which is likely to cause another obstacle in such a delay *While…
– PTI reports BlackRock, MFS, Franklin Templeton and Fidelity ask India – as well as the governments of their country, the US and the UK – to honor arbitration award citing sources Out thoughts: Not sure it will push the Indian’s into immediate payment but puts pressure on them to respond and get the process…
*The merged Fiat Chrysler and Peugeot company started trading today under the new name – Stellantis *With EUR 3.5bn in synergies the group will get to another level competition wise *The new giant will produce massive FCF yield and with Tavares in charge with his track record we expect this to accelerate *Index weighting increase…
*Seeing a few of the banks downgrade to Neutral over the last week after the stock has 25% rally since the Indian tax case announcemnet back on the 23rd December *While we still see a +80% upside we believe that we believe this will take some time as we expect that India will appeal the…
*This is the news we have been waiting for since we initiated our Long – Market cap should double when payment eventually occurs *The ruling concerns USD $1.2 billion (plus interest and costs) which India has previously confiscated from the company – it would therefore add on to the USD 1.3bn market cap of CNE…
*Received government approval for Senegal sale – to pay a 32p special dividend – goes ex 8 January, EGM on 8th January to vote on the distribution *Timing and amount inline with what the company has previously indicated, next up on our catalyst call is the India ruling which could effectively double the market cap…