Still has 56% Buys,35% Holds and 9% Sells(-) *Optimism For Watch Industry Below Previous Years: Deloitte *Deloitte: 44% of Watch Execs. See Smartwatch As Next Big Thing *Swiss Watch Exports Fell Last Month, Ending Recovery: BI Chart More negative news yesterday Start of the D/G cycle for me as Barclays reduce PT to…
Get ready to buy Euro STOXX 50: Nokia will replace CRH CRH nicely rebounded last week before weakening earlier this week; more supply should materialise in the next two days. Once this supply event is done they are a buy for me, creating a nice entry point this Index change Massively underperformed the sector…
Richemont numbers miss. Sales light. Talking down demand in Europe & Asia. Jewellery & watches weak Bought into numbers yesterday as was swatch to an extent. Few recent articles talking them both up. Negative read for swatch whose business mix is not as good as CFR. Keep selling swatch on back of inventory/smart watch and…
Exane note: Passing the buck – dollar stocks in Europe “Dollar plays have not performed well, yet. Companies that have large structural transactional exposures to the EUR/USD exchange rate, such as Airbus and STMicroelectronics, have been poor year to date and have only started to pick up in recent weeks. And as we try to show,…
French local technical analysts jumping on board Following the Berenberg downgrade last week a few French trading websites are pushing the sell case on a technical level . See link Still expensive on many metrics with big Latin Amercian exposure as brazil roles over Cash flow is not as good as it looks and the…
Trading short into tonight’s Apple event Swiss watch industry post an iWatch launch is compared to Blackberry’s demise, post the Apple iPhone introduction. Jonathan Ive, chief designer at Apple according to the NY Times Bold statement and a lot has been made of this in relation to Swatch. There is no doubt it will…
Closing the trade. This trade was about Institutional attention turning to the combined entity and potential FTSE inclusion.Became self fulling in the week leading up the FTSE snapshot with the added help of the Vodafone deal. Closing for 10.51% return. INSTITUTIONAL ATTENTION AND FTSE 100 INCLUSION THE NEXT STEP? Monday • 4 August 2014…
Using strength today to close the second half of the position before a few days off. Touched our PT briefly last week of EU7.5. Would look to get back involved around 7 and any -ve noise on withdrawal rights or something concrete out of the company. This deal will happen. CLOSING HALF POSITION HERE…
Mon, 18 Aug 2014 16:30 Not joining in the rally today For us it is one of the best stories out there in financials and definitely in Italy Get periphery exposure but in a liquid name Good numbers on 5 Aug beating expectations and due upgrades. We think around 10% Capital is good and…
Our PT was EU7.50 in the MT. We are closing half the position here with 6% return in 3 days and hitting EU7.3. Italy closed tomorrow in voilatile mkts. Booking some profit and will look to buy back on any weakness next week around the 20th (last day to exercise the rights). Mon,…