We are closing our long on Tele2 today, +13.8% absolute return (+13.0 vs SXXP Index). We saw the break-up as the most bullish catalyst for TELE2 to outperform. However recent price action due to bid spec has seen the stock return 13.8% in fewer than 2 months. Undoubtedly the break-up is still a possible catalyst…
Success of the new Peugeot 308 with 60,000 orders already booked Launch of the Peugeot 308 SW in April Company announced introduction of a night shift starting on 2 June 2014 -600 jobs created and 450 temporary employees recruited (Link) Doesn’t sound like a company struggling Still one of the most shorted stocks out there…
TESCO: X-read from MRW results Morrison reported weak numbers/outlook today on the back of crippling competition from low-end supermarkets Aldi & Lidl Aldi’s UK sales growth is up 34% in the past year alone. Discounters including Lidl and Farmer Foods are starting to make a real dint in the UK grocery market (as shown by…
TRADING IDEAS UPDATE: LONG: Commerzbank, Arm Holdings, Peugeot, BAE, Sanofi, Schneider Electric Sky Deutschland, Tele2, Atos SHORT: Tesco, Edenred MACROVIEW: We are still bullish on the market and Europe outperforming the U.S. in particular. This week’s European PMIs confirmed expansion at an increasing rate. Our macro view remains unchanged from our year ahead piece (see 2014…
ML pushing short SBRY ahead of next weeks kantar data and we continue to believe in the short case for TSCO (part of an update note from yesterday below The BRC-Neilson shop price food inflation shows that UK food prices have continued to trend downwards for the past 12 months, falling more aggressively in past…
Sanofi has underperformed its pharmaceutical peers throughout 2013-2014, up only 5% in a bull market versus Roche +42%, Novo 38% & Novartis +25% We like Sanofi and think it is well positioned to benefit from rising diabetes levels, particularly in emerging markets such as China where figures continue to rise due to westernisation of eating…
ARM: Chip off the block… The stock is off 1.9% since we published our original idea on 15th Jan 2014 We still believe that this stock is a great mid to long-term play, and well positioned to benefit from “The Internet of Everything” The Mobile Congress in Barcelona this week will unveil a lot of…
Pushing all the right buttons… Results released by company are all supportive to our buy stance The company expressed optimism from the previous year with signs of improving demand in China & US helping to boost margins They also expect a full pay for Invensys out of 2014 cashflow & mentioned the possibility of buyback…
BAE is our weapon of choice for 2014 but has so far been more of a sparkler than a leathal weapon. Our main concern is the strong £, which will hurt underlying earnings Growth has been lackluster and geopolitical issues although all around us have not translated into sales right now. We still think defense…
The announcements this morning have done the job..details of the numbers look good,alot less cash burn than estimated. So far so good now over to Tavares.. Short interest up at ~26% and the borrow is maxed out…Lets see what Tavares says later but hopefully this is the start of the journey Tue, 18 Feb…