Fit Investment Ideas

Greece is still not recovering. It will. Especially when they finally agree to write off part of the debt as IMF is repeatedly suggesting. My favorite Greek recovery play is OPAP. You get a 6.5% dividend yield for waiting and an upside from Greek recovery and from implementation of VLT machines Until recently most analysisContinue reading “My favorite Greek play”

Speculators piled in over 70 billion into CZK in anticipation of  CZK appreciation after the Czech National Bank currency support ends. It ended today. CZK did strenghtened a bit. Now expect the reversal. THe speculative position is very significant and when they start closing it, expect strong short squeeze. CZK could devalue significantly. Go longContinue reading “Czech koruna trade”

Wood and Co research on Fondul Proprietatea published 2/22 We continue to regard Fondul Proprietatea (FP) as one of the most attractive investment opportunities in Romania. We see it as a play on: 1) the restructuring of state companies and corporate governance improvement; and 2) the eventual longer-term recovery of energy prices; as well asContinue reading “Elliot Associates Romanian play”

The two critical variables are the US fiscal program that will finally pass, and the extent to which the Fed tightens in response. Investing in the US — and everywhere else, given the weight of the US in the world — will for the foreseeable future revolve around those variables. If we get a bigContinue reading “Perfect summary of the current market stage”

I am closing my EDL idea published at SA (see the link below). The idea made 60% return and 80% IRR. As expected Disney made an offer for EDL at 2.00 EURO per share. The price at the time of writing the article was 1.24. Hope you enjoyed the ride. Idea for this week –Continue reading “I am closing my EDL idea at 80% IRR”

http://www.zfenglish.com/capital-market/fondul-proprietatea-wants-to-launch-one-of-biggest-public-tender-offers-for-share-buyback-16131985

Wood and co research on OPAP published today: *** OPAP: VLTs not yet priced in (stays Buy) *** To download the report, please click on the following link: Greece_Consumer Discretionary_OPAP_Update_25Jan2017.pdf, (650 KB) We maintain our BUY rating on OPAP, with an increased 12M price target (PT) of EUR 10.00/share (from EUR 8.50 previously), due to full inclusion ofContinue reading “OPAP – Greek play”

http://seekingalpha.com/article/4034808-omv-petrom-special-situation-oil-play-due-mishandled-spo-major-shareholder    

Rember Grexit. At that time Euro came under severe selling pressure because people were worried that Greece exit from the EU could result in other departures. That is now all forgotten. Surprisingly, BREXIT so far resulted only in week GBP, because the markets have been focusing on what will happen to Britain after its departureContinue reading “No brainer trade for 2017”

Fondul Proprietatea announced competion of the 6the buyback in which the fund has repurchased 731.9 million shares. The share will be cancelled at the next shareholder meeting. Yesterday Fondul announced commencement of the 7th round of buyback in which it will repurchase 409.6 million of shares. The fund is authorised to purchase up to 25%Continue reading “Fondul starts 7th buyback programme”