Monaco Alpha Update
Below is a brief update on each of our names
CCJ B +77%
HOLD
Performed very well, we continue to like the name and see a lot of prospects for the sector.
Uranium spot prices keeps raising as investors continue to believe uranium is part of the transition from fossil fuels and CCJ is a great way to play this.
http://monacoalpha.com/ideas/re-iterating-nuclear-power-theme-long-ccj-dangerously-clean/
CNE B +35%
HOLD / ADD
While we have seen a very good return on this stock already we still like the upside potential of the name as it remains highly discounted, we see another +50% upside from here as the India cases looks like it is coming to an end.
NOKIA B +40%
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/
FAR B +45%
HOLD / ADD
Ferro-Alloy and its prospects within ESG friendly Vanadium continues to offer huge upside potential.
One of the company’s main issues has been securing funding to develop the Balasausquandiq Vanadium deposit. With Xstrata Founder Mick Davis holding a 21% stake and being on the board we see that funding an imminent.
Our price target is GBP 1 (from the current 30p)
http://monacoalpha.com/ideas/buy-far-ln-update-the-vanadium-market-is-in-deficit-until-2024/
STLA B +28%
CLOSING
The combined UG/FCA entity has had a great performance since we got involved post completion – stock and sector trading at highs at the moment, we are taking the opportunity to book profits on this one.
EDF B +23.6%
This is a position we have been gradually reducing as the discussions between the government and the EU has yet to lead to any conclusion – we continue to see large upside in splitting the company into a renewable and none-renewable part which will provide for a much more ESG friendly structure
TED B +23.3%
HOLD
The turnaround story still valid – we have a great entry price and it’s a cheap UK asset which is also something we like to be long of
http://monacoalpha.com/ideas/buy-ted-ln-100-upside-transformation-plan-leaving-huge-upside/
MBTN B +19.8%
Our solar-power growth story remains intact, he had a great entry price and are looking for another 15-20% before looking to take profit.
http://monacoalpha.com/ideas/trading-buy-mbtn-sw-battered-into-numbers-remains-a-cheap-renewable/
FTSE250 B +14.5%
HOLD
UK names have really come in focus as cheap these days leaving the FTSE250 as a great trade. We continue to hold.
http://monacoalpha.com/ideas/buy-ftse100-ftse250-door-is-still-open-for-profit-20-upside/
KBC B +11.6%
HOLD
Leaving it for a little bit – The bank’s second large market in the Czech Republic and eastern Europe in general is doing well, Czech CB rate raise coming which will be the catalyst for the next leg higher.
http://monacoalpha.com/ideas/buy-kbc-setting-up-for-a-stella-q1-print-we-see-a-25-upside/
SSE B +9%
HOLD
We still see it as cheap and like the speculation about a potential break up etc. We also like the sector and see this as one the cheapest renewable plays in Europe – happy to sit long
FTSE100 B +10.2%
HOLD
We don’t believe inflation is transitory – prob best inflation play, oil and miners and banks
http://monacoalpha.com/ideas/buy-ftse100-ftse250-door-is-still-open-for-profit-20-upside/
REP B +7%
HOLD/ADD
Still like oil exposure, we unfortunately missed a couple of good exit levels (unlike our friend Elly) in the stock but still believe in oil and comm story long term and happy to hold or add for now.
http://monacoalpha.com/ideas/buy-repsol-spreading-its-wings-40-upside-pt-eur-12-5/
CNA B -3%
HOLD
Not the most exciting trade but a stable company, we believe it goes up by year end but if other opportunities arise we would look to switch over.
http://monacoalpha.com/ideas/buy-cna-ln-update-on-earnings-1-5-to-date-on-position/
TMV B -3% \
HOLD
Still believe in inflation coming – growth stock down on worry with delta variant – now with vaccine rates increasing and society learnings to live with Covid inflation will come and rates will go up.
http://monacoalpha.com/ideas/bond-move-gone-too-far-buy-tmv-us/
HBR B -7%
HOLD
Called the oil trade right but the stock has sadly not performed, we hold and look to exit at a better level.
We continue to see the assets HBR hold as cheap, due 20% rally, largest UK listed independent oil and gas company with a strong management team behind it that can push for further growth – a lot of reason to hold and not sell.
UBI B -11.4%
CLOSING
Pipeline has disappointed and risks remain around sexual harassment cases etc.
http://monacoalpha.com/ideas/trading-call-buy-ubi-fp-into-numbers-15-upside-short-term-50-long-term/
BAYN B -15%
HOLD
Looking to close around +10% up from here.
http://monacoalpha.com/ideas/monaco-alpha-buy-bayer-securing-the-future-dcf-upside-remains-huge/
BOO B -17%
DOUBLE UP
Eventually will be higher but frieght and supply chain issue putting pressure on the stock along – also risk from Chinese competitors Shein, a massive online retailer like Boohoo on steroids. We feel all priced in and a good opportuntiy to add more here.
http://monacoalpha.com/ideas/trading-buy-boo-ln/