Introduction Historically, large institutional investors pursued purely financial strategies and kept a low profile in governance. This may no longer be the case. In a manner vaguely reminiscent of the corporate raiders of the 1980s, a new generation of activist shareholders is on the rise. The number of companies targeted Read more…
US U.S. markets were slightly higher last week as Q3 earnings season spurred some optimism, but global growth concerns limited it. The S&P 500 was up 0.4% w-o-w, closing at 2,986 points, while the DJIA fell 1%, ending at 26,770. The Nasdaq Composite decreased 67 points (0.8%) to 8,089. On Read more…
US The Dow Jones Industrial Average closed at 26,816.59 on Friday recording a weekly gain of 0.91%. The S&P 500 closed at 2,970.27 up 0.61% w-o-w. Both these figures are the result of a particularly bullish market on Friday with gains equal to 1.42% and 1.32% respectively. Indeed, the Federal Read more…
Introduction Quantitative Easing is not a new economic phenomenon for most of the developed economies. Federal Reserve started its first Quantitative Easing program in November 2008 by purchasing $600 billion in mortgage-backed securities, before 2008 the Federal Reserve held between $700 billion and $800 billion of Treasury Notes within its Read more…
Introduction On Sunday, October 13, Poles will vote in parliamentary elections for the 10th time since the first partially free elections in 1989. In this article we aim to provide political and economic background of Poland, economic policies of the competing parties, as well as an analysis of investors’ expectations Read more…
Introduction The term eCommerce has been around for years, now. Definitions of it have been imprecise and, most of the time, people tend to associate it to companies like Amazon and Alibaba and not without a reason since their business is commerce through the internet. Virtual Commerce, however, is more Read more…
Flutter Entertainment PLC [FLTR: LON] – Market Cap as of 08/10/2019: £6.32bn Stars Group Inc [TSGI: TSE] – Market Cap as of 08/10/2019: C$7.89bn Introduction On Wednesday October 1st 2019, news broke of the all-share takeover of the The Stars Group (TSG), a Canadian owner of online gambling platform PokerStars, Read more…
Peloton Interactive Inc. [NASDAQ: PTON] – Market Cap as of 12/10/2019 $6.26bn Introduction On September 26th, 2019, Peloton, an American exercise equipment and media company, went public on the Nasdaq raising $1.16bn via its IPO. The company raised this capital through floating 40 million new shares at $29, effectively Read more…
Ab InBev [ABI:BB] – Market Cap as of 04/10/2019: €170.061bn Budweiser Brewing Company APAC Ltd [HKG: 1876] – Market Cap as of 04/10/2019: HK$403.92bn Introduction On September 30th, the brewer behemoth Anheuser-Busch InBev listed the shares of its Asian Pacific subsidiary, Budweiser Brewing company APAC limited, in the Hong Kong Read more…
EQT AB [STO:EQT] – Market Cap as of 04/10/2019 SEK 83.58bn (USD 8.49bn) Introduction On Tuesday, September 24th 2019, the Swedish group EQT— the second largest Private Equity group in Europe — listed on the Stockholm Nasdaq in what was the biggest Private Equity listing of the past decade and Read more…
Oersted A/S [CPH:ORSTED] – Market Cap as of 06/10/2019 DKK 264.25bn (USD 38.85bn) Intro On September 18th 2019 Orsted, the largest energy company in Denmark, signed an agreement to sell its domestic utility business to SEAS-NVE, a customer owned Danish energy company. Orsted has announced its divestment plan over a Read more…
US The Dow Jones Industrial Average closed at 26,573.72 on Friday recording a weekly loss of 0.9%. The S&P 500 closed at 2,952.01 down 0.3% w-o-w. These numbers outline a 3rd straight week of negative returns for US equities. The US market was primarily impacted by 3 key data releases Read more…
Equity put-option writing strategies represent an alternative to attain equity-like returns with less volatility. In fact, by writing a put-option the seller collects the option premium and gains exposure to value changes in the underlying equity. The Chicago Board Options Exchange (CBOE) publishes already since 2007 daily return data for Read more…
Projecting growth of earnings and revenues has always been bread and butter of equity analysis, with equity research departments deploying state of art models and tools in order to gain an advantage in forecasting the high growth industries. However, as 2019 certainly has been for many investors a year of Read more…
OVO Energy Limited – privately held SSE PLC (LON: SSE) – market cap as of 20/09/2019: £12.62bn Introduction On September 13th, the energy suppliers SSE Energy Services and OVO Energy Limited reached an agreement whereby SSE agreed to sell its British retail business to OVO at an enterprise value of £500, Read more…