Fit Investment Ideas

Summary Goodyear might be an attractive short-term and long-term opportunity. In 1H15 Goodyear plans industrialisation of its new AMT technology. A success could mean a material upside for Goodyear. Downside is limited as market assigns zero value to the project. On 7/30 Goodyear reported its results. The market over-reacted to weak revenue guidance and gaveContinue reading “A FREE CALL OPTION ON GOODYEAR´S NEW GAME CHANGING PRODUCT”

Another positive news from Fondul Proprietatea, the Romanian energy fund that is under pressure from activist investor Paul Singer. The Elliot Associates managed by Singer is the largest investor in Fondul with 15.22% stake. The local FSA has approved the changes to the Fund’s share capital after the cancellation of the 1.1bn shares bought in the second buyback programme.Continue reading “Fondul Proprietatea: 4th Buyback on The Way”

Paul Singer gained fame by pushing Argentina into a default. His activist transactions are worth looking at too. His Romanian venture is a text book case of activist investing that generates return for all shareholders. Elliot Associates is the largest investor in a Romanian USD 4.4 bln. energy fund Fondul Proprietatea. The fund was createdContinue reading “PAUL SINGER text book activism”

Swiss capital just reported: * Local media mentions FP RO may sell its entire 19% stake in OMV Petrom (SNP RO) in the next few days according to uncited sources, local news website economica.net wrote today. * FP’s stake in SNP RO is currently valued at EUR 1.1bln (USD 1.4bln), that would be largest dealContinue reading “FONDUL PROPRIETATEA BUYBACK ACCELARATION?”