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Author: Manuel Brossard

Posted on5 March 2018Stocks to Watch

pbb Deutsche Pfandbriefbank : Dividend pay-out ratio upgrade to at least 75% until FY2019

by Manuel Brossard

[dropcap]D[/dropcap]eutsche Pfandbriefbank (pbb) has increased its pay-out ratio from 40% to 50% to a regular dividend of 50% plus a special dividend of 25%, up…

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Posted on22 February 201822 February 2018Stocks to Watch

Saras oversold ?

by Manuel Brossard

[dropcap]S[/dropcap]aras has slumped almost 20% since the opening of the year. The heavy fuel oil crack spread, a structural loss-making but minor side of the…

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Posted on16 February 201816 February 2018Stocks to Watch

Bridgewater’s shorts screened, seriously bold

by Manuel Brossard

[dropcap]W[/dropcap]e could not resist screening the Bridgewater Dalio’s $22bn short bet on European equities as trumpeted in the media on 15 February. AlphaValue covers 51…

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Posted on14 February 2018Research

Looking for new dividends ? Go for Banks

by Manuel Brossard

[dropcap]T[/dropcap]he taste for dividends is largely a reflection on the (shifting) taste for risk but their quality as a safety-net cannot be challenged. Consider the…

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Posted on12 February 201816 May 2018Uncategorized

Stock Picking in European Power Utilities

by Manuel Brossard

[dropcap]T[/dropcap]he sector has been under pressure recently with the end of the QE program getting closer and a tightening of the credit market expected.  …

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Posted on8 February 2018Stocks to Watch

A hard life for grocers

by Manuel Brossard

[dropcap]A[/dropcap]s the new (and young) boss of Carrefour  is releasing his vision/strategy aimed at the French grocer becoming a tad more digital, it does not hurt…

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Posted on30 January 201830 January 2018Research

Position closed on Swisscom

by Manuel Brossard

The primarily domestic Swiss telco has been a remarkable performer whatever investors sentiment about the CHF, about Swiss growth, about Telcos at large and about…

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Posted on26 January 201816 May 2018Research

Utilities get more attractive, slowly

by Manuel Brossard

[dropcap]U[/dropcap]tilities have lost their shine since October 2017. This can easily be associated with firmer rates and a dash for cyclical/value stocks now that Europe…

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