We bought due to the big valuation gap vs US and rest of Europe. We believed upcoming catalysts such as early UK reopening,the cyclical nature of the indices, Oil moving higher and mean reversion would reduce the disparity. Hasn’t played out at all and the trade is very boring and generating no alpha. Booking a…
We initiated a position in February on the back of the potential renewable IPO and our believe that the vaccine roll-out will help boost the oil price as the global economy restarts. Both catalysts have had sizeable impacts on the share price. The IPO still has no specific date so we will book our profits…
Uranium stocks are running like Usain Bolt . Since we started investing in CCJ we are up circa 100% So now what do we do? Judging by the headlines from just this week, it appears the uranium bull market is just getting going. We are adding KAP LI to our Uranium theme RE-ITERATING NUCLEAR POWER…
*The Irish based company was listed on the NYSE back in July *Market leader in fresh fruit and vegetable sector – nearly double the revenue of its competitor *The company does everything from cultivation to manufacturing to distribution of fruits and vegetables *Majority of revenue from Europe and US as it fits the health and…
OFFSHORE OIL: TDW US, CGG FP, RIG US and SUBC NO Is there a more hated sector? Arguably not. Fossil fuels are a dirty word, with governments and citizens alike shunning it like a venereal wart. Capital expenditure has absolutely collapsed and the entire sector is down some 90%. This while the world still gets…
BUY PAM US and YPF US This investment takes advantage of a developing situation in the Argentinian equity market – a market that is totally off the radar screen for 99.9% of investors. Political reforms and a long term bull market in commodities could propel equity markets significantly higher. At worst we see limited downside…
*We see DAI as an attractive BUY with a pt of EUR 97 implying a 17% upside – we would hedge it with a short in BMW which therefore should provide us with a nice low volatility long/short trade *UBS released a comprehensive note today where they upgrade DAI GY to Buy with a price…
-I don’t think things are as bad as people are saying -Rates move is healthy given curves steepening in general but it all just happened a bit too quickly -Just got to deal with a bit of inflation -China is the black box but IMO will not explode. -Whatever the outcome there it will take…
*We expect index selling on Tuesday to create a good entry point in VIV – along with investors who only are looking for UMG exposure to sell down *UMG will also have index selling pressure on the first day of trading which we will also look to use for an entry point *Withholding tax makes…
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. UBI B -11.4% CLOSING Pipeline has disappointed and risks remain around sexual harassment cases etc.