Casino continue to make progress on their asset disposals with a further €735m of proceeds for the sale of Leader Price. This is above
Read MoreAs the Special Opportunities space is handing us once-a-decade opportunity to invest in dislocated assets, we are proposing to shift coverage out of certain old names we no longer find attractive for various reasons and into new names.
Names we propose to start:
Read MoreAs we are stress testing various names, the below graph in a helpful weekly tracker of the YoY growth of international departure seats by country.We are not sure
Read MoreUnlike the queues at supermarkets, there was no last-minute rush to buy any clothes at all. After a -4% YoY
Read MoreSurely we have all heard of empty supermarket shelves, but I personally do not do the shopping. So the below video and photo of our local Tesco store are a strong reminder of how little supermarkets
Read MoreBelow is an account of each of the names we follow and have begun work on in the context of Covid19 and Oil prices. Several names stand out as having become either uninvestible or outright attractive - already now.
Read MoreThe first material dislocations are emerging - now also on the long side.
In the pursuit of dislocated names we have begun analysing a string of names that have only recently dropped into distressed territory, or that we believe should have
Read MoreWe are still waiting on the side-lines.
We got the order of magnitude right, but ultimately results were even worse than model and business is picking up more slowly - now even more so with the virus.
Read MoreRAC results had been already released end of February, so there were no fundamental new news from the conference call.
Positive:
Management were very
Read MoreWhat does the promotion of a COO type of manager tell us about Kokkalis intentions? On the one hand Mr. Dimitriadis has consistency to
Read MoreIceland numbers are line with our numbers, slightly lower sales, but outperforming on the EBITDA line. Based on the positive Sales growth, Iceland probably gained
Read MorePlease find our sortable excel analysis “Biggest Sinners” on the wider HY Space here. Complex stories tend to be the first to drop and the last to rise. So we have had a look at the wider space last week, the not-so big sinners, how each traded before, which had previously made it to our Focus list and with what priority.
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