Stock now -0.8% from Friday’s level after the company confirmed a press report this weekend that it has rejected two unrelated unsolicited approaches from EQT-Stonepeak and KKR – while we are excited to hear firm news about approaches we are not adding here Proposition from EQT did not include an offer price – Reports over…
We are now starting to see the turnaround taking effect as the company announced results beating on both top and bottom line The company is now showing strong improvement in both cash generation – and more importantly on the much needed cost cutting, they are well on track for the three phased turnaround plan that…
The 1Q banking earnings to date are supportive of the KBC story. Stock is huge laggard YTD versus the p/book discounted names but they’re in the right zone now to play catch-up and we expect a robust Q1 earnings performance. We believe that management have set their plan to pay down capital to 15.5% and…
TP 50p leaving a +120% upside, Blue Sky +300% Harbour was listed on the 1st April as part of Chrysaor Holdings reverse takeover of Premier Oil (PMO holders got around 5% of Newco effectively) and is now the largest UK listed independent oil and gas company with a strong management team behind it that can…
Over the last month or so there has been a reweight into defensive’s and a divergence between domestic reopening plays and international. I think there will be a period of time in the middle of the year where everything consolidates. When the rate of change data starts rolling over a bit. This could be what…
*WSJ reports a pair of PE firms have teamed up to make a bid for KPN that could value it at more than USD 15bn citing people familiar (implies EUR 3) *Price seems very opportunistic to us but it should put the name it a bit more of play, as previously speculated the interest comes…
Reuters article out overnight saying the government set aside EUR 10bn to buyout the 16.3% minority interest and is having talks with unions – article cites people familiar Our back of the envelope calculation implies this is a >75% premium which would imply a price of EUR 19.8 versus the last price of EUR 11.225…
*Selling flow did not outweigh the strength in the market over the last couple of weeks *Our short thesis was based on our expectations that we would see 1/3 of the STLA’s stake distribution going to holders who would not wish to hold a small stake in a relatively small European listed company with no…
Medium term upside 300%, Blue Sky 1,500% The company has just released a new corporate presentation where they highlight Vanadium as a green metal and its new cornerstone investor, the founder of Xstrata 90% of the consumed vanadium goes to the global steel industry but the company highlights in the presentation the entirely new major…
High conviction projects – Expect steady growth over the next months Coti $COTI – great project, lots of hype around it, most crypto people hold a bag for the long run; currently under its ATH with potential to quickly get back up there, subject to overall market conditions of course Description from COTI themselves: The…