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Posted on16 August 202220 October 2022Other

BITCOIN MARKET MESSAGES, CONT’D

by Dev AlphaValue1 Comment on BITCOIN MARKET MESSAGES, CONT’D

Bitcoin’s price trend has confirmed that it is at best a leveraged proxy for the Nasdaq (see chart) but the army of believers has not…

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Posted on12 August 2022Other

Top line magic, bad tax blood ?

by Dev AlphaValue

The amazing Q2/H1 earnings delivery is confirmed as a top-line epiphany owing to strong pricing here and there, powerful FX positives and presumably a degree of hysteresis in client behaviour as not all have walked away from surging prices.

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Posted on4 July 2022Stocks to Watch

Conti’s EV traction goes software, deeply

by Chloé Sellier

Continental AG is an insurance company. Its Automotive segment ensures that every carmaker can out-source their lack of costly car software know-how. But, as a…

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Posted on22 June 202222 June 2022Research

Blood-letting, cont’d

by Chloé Sellier

The week to 17-06 was another one of blood-letting (c. -5% for European & US equities) as markets moved on from the actual implementation of…

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Posted on30 May 202230 May 2022Under Fire

HSBC’s overdone fears

by Chloé Sellier

HSBC has been in damage-control mode since its head of responsible investing stated that the climate change related threat has been exaggerated and its largest…

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Posted on2 May 202212 May 2022Activists

Much ado about nothing

by Chloé Sellier

The long-lasting battle for control over Generali has finally come to an end. The current CEO Philippe Donnet has been re-elected by Generali’s shareholders, along…

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Posted on28 March 202228 March 2022Under Fire

Generali: a farce

by Manuel Brossard

Last friday, conference held by Mr Francesco Gaetano Caltagirone (not initiated by Generali) took place in Milan, gathering the so-called “Finance community” to promote to…

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Posted on21 March 202222 March 2022Research

Two instances where independent research makes the difference

by Manuel Brossard

It is a fact that subscription-based research delivers a service where brokers capitulate. Consider 2 examples: VEOLIA: August 2020 Veola launches its bid on Suez.…

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Posted on17 March 202217 March 2022Research

The hidden cost of cross-subsidized equity research

by Manuel Brossard

The MifidII directive, which came into force at the beginning of 2018, aims to reduce conflicts of interest between investors and research providers through greater…

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Posted on9 March 20229 March 2022Stocks to Watch

A new role for RWE

by Manuel Brossard

Among utilities, RWE is the winner of the radical changes in the energy markets implied by the war in Ukraine. While we do not estimate…

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Founded in 2007, AlphaValue is the world's leading provider of Independent European Equity and Credit Research. We provide comprehensive, unconflicted research-only: no execution, no corporate finance. Learn more

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