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 it as being highly vulnerable to an activist investor getting involved to push the management to make the right decisions to split the business.

http://monacoalpha.com/ideas/buy-ato-fp-our-top-pick-in-the-it-services-sector-we-see-a-35-upside

CCJ         B             +107%

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 CCJ with reserves in Canada is a great way to play this.

http://monacoalpha.com/ideas/re-iterating-nuclear-power-theme-long-ccj-dangerously-clean/

CNA       C            +31%

Closing

Still remains cheap but windfall tax etc creating some issues

http://monacoalpha.com/ideas/buy-cna-ln-update-on-earnings-1-5-to-date-on-position/

DOLE        B             -50%

Add

We continue to like this story although the stock has had a bit of an opposite reaction to the inflation theme then what we were expecting. They are the market leader in fresh fruit and vegetable sector – nearly double the revenue of its competitor – DOLE’s market valuation simply makes no sense, especially given how strong their earnings were.

http://monacoalpha.com/ideas/dole-us-a-ripe-future-ahead-and-a-great-way-to-play-the-food-inflation-theme-35-upside/

EDF        C             +32%

Closing

Takeover offer at EUR 12 came in, we saw more upside but happy to book profits

http://monacoalpha.com/ideas/edf-fp-update-hold-21-abs-13-1-rel-awaiting-announcement/

FAR        B             -48%

Add

We are also increasing our FAR LN position, the placing to fund the completion of the study at Balasausqandiq deposit will secure any financing need until the study is complete, results expected in the middle of 2023. This interview with the CEO gives a good update https://www.directorstalkinterviews.com/ferro-alloy-resources-ceo-nick-bridgen-says-an-exciting-12-months-ahead-of-us-video/4121083003

Original idea http://monacoalpha.com/ideas/update-buy-ferro-alloy-vanadium-completion-of-initial-investment-another-tick-in-the-box/

KBC        C             +2%

Closed

Did not perform as expected in the inflationary environment

http://monacoalpha.com/ideas/buy-kbc-setting-up-for-a-stella-q1-print-we-see-a-25-upside/

MBTN                   B             -2%

Hold

Remains our favorite solar play – the strong technology and positioning of the company is in a niche part of the sector makes it a great play.

http://monacoalpha.com/ideas/trading-buy-mbtn-sw-battered-into-numbers-remains-a-cheap-renewable/

NOKIA                  B             +25%

Hold

We like the sector long term, the company’s 5G growth path is clear – The company continues to develop sales growth despite a challenging environment in China and the US

http://monacoalpha.com/ideas/monaco-alpha-update-4-reiterate-buy-nokia-fh-results-out/

SGRE      C             -11%  

Closed

Buyout announced. We were disapointed by the price but moving on

http://monacoalpha.com/ideas/buy-sgre-sm-adding-to-our-renewable-picks-ahead-of-results/

SSE         B             +5%

Hold

We still see it cheap and like the sector and see this as one the cheapest renewable plays in Europe – happy to sit long

http://monacoalpha.com/ideas/buy-sse-ln-update-1-abs-speculation-about-elliott-stake-build-further-backs-thesis-great-opportunity-to-add/

TED        C             +57%

Closed

Got taken over, we saw more upside but happy with the trade after averaging in

http://monacoalpha.com/ideas/buy-ted-ln-100-upside-transformation-plan-leaving-huge-upside/

Energy basket

Oil country tubular goods price has been surging (basically drill pipe prices), up +90% over the last year leading which is causing issues for the shale drillers who are trying to ramp up production – this is likely to result in higher oil prices worldwide

We expect the demand for Western oil production to go up as governments are likely to realize that they want to have more security in terms of energy needs – we therefore look to get more long on the below

RIG                         B             +12%

CGG                       B             -15%

YPF                        B             -37%

SUBC                     B             +8%

TLW                       B             -24%

TDW                      B             +75%

GKP                       B             +40%

PAM                      B             +22%

HLX                        B             -26%

FTI                          B             -5%

ATAD                                  NA – sanctioned

LKOD                                  NA – sanctioned

http://monacoalpha.com/ideas/the-coming-energy-crisis-and-how-to-play-it/