Every now and then we check whether “trash” as defined by a non-investment grade rating is a good investment theme. Not currently, it would seem.…
[dropcap]Y[/dropcap]esterday evening, in a surprise development, the US Treasury Department announced it was to extend the time limit (for the US and non-US citizens) to…
[dropcap]O[/dropcap]ur endorsement in August 2017 proved to be an ideal entry point for Vifor Pharma – the small-cap play has been the ace performer in…
Moving from underdog to favourite, William Hill spent the last month catching up with peers, helped by the restart of the sector consolidation following GVC’s bid on Ladbrokes …
It is clear that Sika is a better firm than Saint-Gobain (SGO). The invisible hand has been saying so ever since SGO tried in December…
[dropcap]T[/dropcap]he AGM of Siemens Gamesa on Friday lasted only two hours. The major shareholder Iberdrola with a stake of 8% tried to strengthen the minority…
[dropcap]B[/dropcap]anks have over-performed the market over the past two years, recovering a portion of the ground lost during the first half of 2016 on overdone…
[dropcap]H[/dropcap]olding companies tracked by AlphaValue trade at an average 8% discount to NAV/SOTP. This is on the verge of expensive if one holds the view…
[dropcap]T[/dropcap]he asset management (and asset gathering as a whole including the Life insurance business) has been reshuffling at an exponential speed over the last few…
The average target price according to our valuation should be around €40 per share. We recommend to subscribe. Attractive IPO price range between €26 and…