Great read from Greed & Fear and what they call the Oil crisis. We have had the view that we have an ENERGY CRISIS coming due to the new drive to be carbon neutral which although ultimately its an important cause its unrealistic in the time frame and will lead to an energy crisis. For…
*Davis now officially taken over as chairman, this triggers the completion of the initial USD 1.6m investment which brings the total up to USD 3.1m *New CEO has in the past spearheaded the growth of Xstrata to be the largest producer of ferrochrome and a leading vanadium producer *Davis again highlights the need of Vanadium…
*Top renewable pick, still heavily discounted compared to the peers *Remains on track with investment program which will make them a top renewable player in Europe with considerable potential for future growth above and beyond *The company also expects to triple its renewable capacity by 2030 in a period where we recently saw the ruling…
Harbour Energy Has Many Attractions, Morgan Stanley : They have it as EW but at PT of 26p and they have a bull case PT @ 35p. Both work for us. With Oil now holding above 70USD i would expect another leg higher once that becomes support. Oil continues to be one of the best…
*We liked the name for the upside in an M&A scenario but with the seemingly low bids coming in, KKR walking away and government still not that stable we are starting to doubt if the timing for such an acquisition is right *Even if the deal is agreed at the speculated EUR 3.5 we expect…
While guidance disappointed despite the already low expectations – Now trading close to the 2019 lows at EUR 50-55 Short interest in UBI is around 16 days to cover – we expect to see some profit taking soon amongst those ANR <GO> does not have a single broker with a target price below the current…
The stock has come all the way from EUR 85 to around EUR 60-65 since February’s guidance cut as analysts have cut projections which has left the stock around the March 2020 lows despite company being in the right industry in Covid times We see the move as overdone and the current consensus as too…
Rights finished trading yesterday – despite Bloomberg saying today – results set for 12th May As reducible orders were possible it was trading through terms on the optionality – this should mean that not much of a rump will be left to place (rights not taken up) Already seeing some strength today and the spikes…
*Stock has been very weak due to a lack of positive news flow – over the week the stock is up +8% as we are seeing the UK-India virtual summit agreeing on a 2030 road map to strengthen ties *Meanwhile reports are that India asks State banks to protect dollar assets on concerns that CNE…
*With the company now closing the rights issue to fund the Borsa Italiana transaction we see the cards lining up for a decent jump *Borsa Italiana acquisition accretive immediately – and now the company is well positioned for further M&A and leaving potential further upside to any valuation as they are set to become a…