Trading BUY : BOO LN

Monday • 07 June 2021 • 16:05

It trades on the same multiples as ITX for twice the growth and half the multiple of ZAL for the same growth.

If want to be market neutral happy to play vs short ZAL GY.

Looking at a peer valuation we see BOO LN is trading at a 25% discount with a PT of 410p.

BUY

Open Ideas

Monaco Alpha

Trade		Return	Relative Return (vs SXXP)
NOKIA	B	+24%	+27%
CCJ	B	+100%	+103%
FAR	B	-47%	-36.7%
TDW	B	+67%	+82%
FTI	B	-10%	+4.2%
CGG	B	-14.2%	+0.3%
RIG	B	-27%	-12.4%
SUBC	B	+12%	+26.5%
SPM	B	-68.5%	-54%
HLX	B	-28%	26.5%
LKOD	B	N/A	N/A
ATAD	B	N/A	N/A
TLW	B	-28.8%	-14.18%
GKP	B	+40%	+55%
MBTN	B	-1.1%	+12.84%
DOLE	B	-48.5%	-32%
PAM	B	+18.5%	+34.5%
YPF	B	-33.1%	-33.2%
ATO	B	-81.5%	-62.8%

Open Crypto Ideas

Serban

Trade		Return	Relative Return (vs SXXP)
UNI	B	-9%	-21%
LINK	B	+7%	-5%
SOLANA	B	+1160%	+1148%
KSM	B	-9%	-21%
EGLD	B	+124%	+112%
OCEAN	B	-34%	-46%
OGN	B	-43%	-55%
COTI	B	+6%	-6%
ORN	B	-55%	-69%
LIT	B	-50%	-62%
TVK	B	-64%	-76%
FRONT	B	-64%	-76%
MATIC	B	+143%	+134%
RSR	B	+16%	+14%
ACH	B	+48%	+46%
FORTH	B	-1%	-1%

Closed Ideas

Monaco Alpha

Trade		Return	Relative Return (vs SXXP)
Technip	S	-10.3%	-2.7%
CAC vs. DAX		-9.27%	-9.27%
BATS vs. IMT		-8.4%	-8.4%
Enel	S	-4.5%	-6.4%
UniCredit	B	-3.6%	-4.9%
Miners vs. Oils		-3.2%	-3.2%
Sanofi	B	-3.0%	-5.5%
Pirelli	B	55.29%	26.33%
TF1	B	26.1%	15.8%
CRH	B	23.6%	11.5%
ING	B	20.86%	16.09%
KPN	B	18.9%	14.1%
BASF	B	17.2%	6.6%
Commerzbank	B	16.1%	10.3%
Tele2	B	14.9%	13.0%
Tesco	S	13.2%	15.1%
Airbus	B	12.9%	6.6%
Shire	B	12.0%	7.2%
Dixons	B	10.5%	6.8%
BHP Billiton	S	9.68%	4.4%
BMW	S	9.25%	14.06%
Edenred	S	8.4%	12.7%
Rolls Royce	B	6.1%	6.0%
DIA	S	5.59%	1.16%
Fiat	B	5.9%	5.4%
BAE	B	3.7%	0.1%
AB Foods	S	3.4%	5.4%
Dassault	S	0.7%	1.4%
Pop. Milano	B	50.4%	43.6%
Delta Lloyd	B	-21.3%	-18.43
Telecom Italia	S	9.17%	19.16%
Schneider	B	-3.76%	-2.81%
Alstom	B	10.82%	18.53%
VW	B	-23.9%	-21.8%
EON	B	-18.1%	-16.47%
Fiat	B	15.10%	10.79%
ATOS	B	12.5%	7.63%
LVMH	S	0.26%	-11.22%
SABMiller	B	12.46%	9.8%
AIR vs SAF		6.58%	6.58%
ING vs KBC		6.12%	6.12%
Metro	B	14.37%	0.71%
Orange	B	13.01%	18.31%
SKF	B	-3.09%	+4.05%
Rio Tinto	B	-10.24%	-4.71%
Glencore vs SXXP		-9.25%	-9.25%
Sandvik	S	20.61%	8.3%
Swatch	S	45.54%	43.37%
Hermes	S	5.3%	-2.02%
LVMH	S	4.5%	-3.15%
KPN	B	6.6%	9.6%
Ferrari	S	30.31%	17.86%
Renault	B	8.29%	8.88%
Commerzbank	B	12.87	1.92%
NIKE	S	5.1%	5.04
Peugeot	B	52.77%	56.8%
Tesco	S	-2.04%	5.24%
Wolseley	B	11.3%	4.2%
Fiat	S	10.66%	13.42%
Deutsche Telekom	B	-3.99%	+1.45%
Kering	S	-6.7%	-7.3%
WM Morrison	S	-5.5%	-4.6%
WM Morrison	B	3.3%	2.9%
SAB	B	7.7%	5.4%
Adidas	B	174.5%	170.14%
Luxottica	S	4.01%	6.5%
EOAN	B	5.01%	7.2%
Shire	B	20.43%	23.7%
GSK	B	11.31%	14.3%
FTSE NAMES	B	31.74%	38%
Ryanair	S	15.6%	11.2%
VXX US	B	-32.5%	-29.6%
VXX US	B	3.9%	0.4%
BHP	S	3.16%	2.5%
ISP vs ISPR		0.2%	0.2%
BZU	S	-6.1%	-2.5%
ISP	B	17.01%	11.17%
ORANGE	B	7.26%	6.75%
Reckitt's	S	4.09%	3.85%
Adidas	S	-22%	-20.5%
Fiat	S	-15.5%	-14.8%
Nestle	B	13.45%	12.95%
Unilever	S	+0.39%	-3.08%
Easyjet	S	6.3%	7.5%
Deutsche Telekom	B	+2.3%	0.71%
Technicolore	B	-3.25%	-3.88%
RWE	B	+58.66%	+49.48%
Mediaset	S	+31.2%	+24.21%
Michelin	S	+2.87%	+3.07%
Rio	S	+0.65%	-1.28%
Anglo American	S	-0.76%	-1.28%
Gemalto	B	+40.30%	+0.60%
Altice	B	+45.83%	+42.81%
Tullow Oil	B	+47.37%	+29%
Airbus	S	-17.89%	-21.1%
Casino	B	+46.04	+46.01
Ingenico	S	+17.36%	+10.58%
IMI	B	+2.75%	+14.25%
HSBC	B	+29.10%	+40.81%
Coach	B	+21.18%	+13.17%
TITr vs. TIT	B	+2.3%	-2%
Heineken	B	+24.27%	+31.13%
IAG	B	+19.78%	+27.84%
FOX	B	+91.31%	+88.49%
Telecom Italia	B	-33.32%	-43.72%
Zalando	B	+3.73%	-7.37%
Vodafone	B	-15.49%	-21.69%
RNO vs UG	B	-15%	-7.8%
Ubisoft	B	+117.54%	+113.24%
Bollore	B	+9.92%	+11.16%
Bouygues	B	+11.08%	+14.68%
Eni	B	+3.53%	+6.92%
VW	B	+3.26%	+7.89%
EDF	B	+73.97%	+82.75%
Telco consolidation	B	-37.14%	-46.44%
Vivendi	B	+16.87%	+25.66%
Shire	B	+8.93%	+16.53%
Solocal	B	-30.52%	-24.92%
St Gobain	S	+40.31%	+44.31%
Next	S	-9.46%	-3.34%
EEM US	S	+12.56%	+19.12%
Buy Telcos	B	-8.10%	-13.99%
Societe Generale	B	-28.55%	-22.61%
SES	B	+60.91%	+67.83%
Siemens	B	-10.44%	-2.04%
Norsk Hydro	B	-5.05%	+0.36%
K+S	B	+32%	23%
B4B	B	+14.5%	+12.5%
EO	S	-7.5%	-1.8%
KPN	B	+0.25%	-3.3%
ENX	B	+18%	+9.2%
STLA	B	+28.2%	+13.7%
UBI	B	-10.3%	-15.3%
REP	B	+32%	+16.5%
FTSE100	B	+6.69%	-5.2%
FTSE250	B	+8.56%	-6.26%
CNE	B	+56.14%	+41.48%
DAI	B	+8.9%	+3.14%
BMW	B	+7.65%	+7.62%
BAYN	B	+9.04%	-2.75%
HBR	B	+19.45%	+15.34%
BOO	B	-22%	-22%
VIV	B	+18.65%	+18.52%
TMV	B	+51%	+51%
TED	B	+14%	+14%
SSE	B	+5%	+15%
KBC	B	+2%	-2%
SGRE	B	+11%	+7.5%
EDF	B	+31%	+35%
CNA	B	+31%	+37%

Closed Crypto Ideas

Serban

Trade		Return	Relative Return (vs SXXP)
AKRO	B	-4.7%	-2.1%
LTC	B	+61.9%	+58.8%
ATOM	B	-18.8%	-20.8%
THETA	B	-11.1%	-12.9%
FTM	B	-19%	-20.7%
ALGO	B	-10.6%	-12.5%
MATIC	B	+18.3%	+18.1%
SNX	B	+24%	+22.5%
THETA	B	+27.9%	+26.9%
COMP	B	+26%	+23.7%