Fit Investment Ideas

We updated our view on Fondul Proprietatea with a target price of RON 1.1159 per share and a BUY recommendation. (Prev TP 1.0666 as at Sep 24 2014) * As the current 27% discount to NAV is below the management agreement objective of 15%, the Fund will continue to pour cash into investors’ pockets. *Continue reading “Swiss capital updated Fondul Proprietatea price target to RON 1.16”

Valuation of Aena – a significant upside ahead Largest European IPO since 2011 up 21% since its launch Shares performed strongly despite the fact, that there is no analyst report published, yet Our valuation shows 30% further upside Aena in play – activist investor TCI became the largest investor will most likely push for furtherContinue reading “Valuation of Aena – a significant upside ahead”

TCI sits on ‘business’ of Aena to reach 10% of the capital after investing 900 million If an investor has brought business class ticket at the recent privatization of Aena this is The Children’s Investment Management (TCI). The British fund, already bought a 6.7% stake in the airport operator in the public offering (OPV), hasContinue reading “My new exposure – co-invested with TCI”

Fondul Proprietatea will report Q4 on Friday 13 February. The investor call is scheduled for Monday 16 February. The results should be quite good. The company already indicated that 2014  ended with a record net profit of EUR 228 million, up by 48% compared to 2013, when the company’s profit amounted to EUR 151.1 million.Continue reading “Fondul Proprietatea will report Q4 on Friday 13 February”

Franklin Templeton Investment Management informed that the fifth buy-back programme started on 10 February 2015. In the buyback, the fund will buy up to 227,572,250 shares. The Fund will be buying up to 25% of the average daily volume of the Fund’s shares.

Can´t help it, I like Getinge: http://seekingalpha.com/article/2882916-getinge-a-restructuring-play

From Ft.com 29.1.2014 January 28, 2015 5:03 pm Tricks of the mind turned oil into gold Mikhail Fridman In 2007 I made a bet with a fellow Russian businessman. The price of oil, he told me, would never drop below $80 again. This was the consensus among oilmen at the time. And that, I thought,Continue reading “The best oil price analysis I read to date”

I have written here about Getinge before. Today, as predicted, Getinge announced that FDA is concluding its investigation with only symbolic fine. As a result the share is 10% up before the call. I believe there is another 10% on the table. The company announced that they will host an investor day to inform investors on theContinue reading “Getinge up 10% today. Furhter upside on the way”

http://seekingalpha.com/article/2820246-ipo-lockup-expiration-catalent

See my latest article on Value Walk http://www.valuewalk.com/2014/09/paul-singer-increasing-stake-fondul-proprietatea/