Short a basket of supermarkets for January SBRY sales on 8th Jan could well be the trigger Some big names are also jumping into this trade according to The Times Marshall Wace in Debenhams and Black Rock took a big short position in Marks & Spencer early in December. One or more of the UK…
Taper is on the tape finally. Taken well and it should be. Given us the clarity we needed. An eventual exit is in sight. Now hopefully it is back down to the fundamentals. Inflows into Europe will continue and i believe the macro improves and Europe out performs US In Europe it does not take…
BAE..weakness a chance to buy for 2014 UAE Rules Out Eurofighter Deal is clearly -ve for sentiment although not sure it was in many peoples numbers Still in negotiation with the Saudis on the price inflation agreement on ongoing contract. Still very likely that gets done in the next few months Looks more like a…
Compelling three-year plan starting 2014 Balance sheet improvements with early redemption of convertible and settlement of the Dutch Pensions Recently won IT services provision contract for the Olympic Games until 2024 The big catalyst for 2014 is the World Wide IPO Positive X-Read +ve from the Accenture call “We’re seeing signs of momentum across our…
Its cheap on various metrics and too cheap vs the sector 4.5x EBITDA vs the sector on more than 5 Potential -ve catalust out the way yesterday – the EC are keeping control of the e-plus/O2D decision The main bear case has been tele2 being a disruptive entrant into the dutch market They cant even…
I don’t really understand why people are willing to buy distressed banks in Europe with weak economies behind them but have no interest in one with a world power behind it… Leveraged into German domestic demand which from todays PMI shows that domestic demand might take over from exports as a driver. It is one…
Investor day tomorrow and most analyst are bullish on them.. (11 buys 8 holds and only 4 sells) Well worth keeping an eye on the headlines coming out of the Investor day.. It is a good company but ST i feel they need to accelerate earnings given how it has re rated and any form…