Some Links

Warren Buffett on Donald Trump in 1991, interesting (link)

Tim McAleenan Jr. don’t like british banks like Barclays and Lloyds Banking Group, he is looking out for Diageo (link)

Dividendgrowthinvestor also likes Diageo (link)

MMI form Valueandopportunity.com today bought some Lloyds Banking Stock (link – see comments)

Streetwiseprofessor is skeptical about the Tesla/SolarCity Deal (link)

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Brexit Day

I think you all have already heard the big news of today.

 

I have written in my last post about Coca-Cola European Partners this:

As the market has rallied (or at least not crashed) for about 7 years I want to have enough cash arround. We have the Brexit-voting soon and the FED maybe will raise interest rates this year – I want to be prepared for any scenario so I bought just a small position for my portfolio. I am willing to add to the Position if the price will decline while the business-outlook stays the same.

 

Coca-Cola European Partners

Coca-Cola European Partners today is down more than 5% (and it didn’t do well the time before either). I bought some more stocks today for my personal portfolio. Of course the business-outlook are not the same when 20% of your revenue is in a currency that is down to its lowest in over 30 years (in comparison to EUR it’s less dramatic)

Remember, CCEP’s revenue:

CCEP

 

Britvic

Info: Britvic lost today ~11% (in Euro) I still consider buying it. but I want to do more research on them.

Remember, Britvic’s revenue:

Britvic_AR2015_page_9

 

Svenska Handelsbanken

Handelsbanken, a hight quality bank from Sweden with UK exposure, is down like almost everything today. But not as much as other European Banks. I will look at them in the near future.

 

Summary

As everybody, I don’t know what will come next but I am sure that the world will still turn and people still want to make business and quality management will still do  quality buisiness. As always, don’t listen to the media too much, especially the low quality media, they make their money by good* headlines. I think the best advice to give is to do it like the brits: keep calm and move on. I still want to have enough cash arround and want to be prepared for any scenario – I am searching for opportunities now.

*good means extreme ones that attract the most people

 

Disclaimer: The content contained on this site represents only the opinions of its author(s). I may hold a position in securities mentioned on this site. In no way should anything on this website be considered investment advice and should never be relied on in making an investment decision. As always please do your own research!

Tikkurila Group

Tikkurila Group is a paint producer from finland. The Group focuses on higher price and quality grade paints, which are manufactured in 13 production units in ten countries. Major competitors are companies like AkzoNobel and PPG. The highest production capacity is located in Russia, where the company has been operating since the 1970s. The stock yields around 5.1% today.

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Britvic – First look at the british beverage corporation/bottler

I have looked a little bit more into the “Bottler Universe” and have found on the Coca-Cola Hellenic Bottling Company Investors Relation homepage a nice tool were you can compare their (Coca-Cola Helenic) performance against Peers. (link)

The listed peers:

  • Coca-Cola Enterprise
  • Britvic
  • Heineken
  • Diageo
  • Carlsberg

 

I have done this with a setting over 5 years and all peers; Britvic and Heineken performed the best (and both outperform the FTSE100).

logo

Just by the name you can guess that Britvic is either a cheap bed sold by IKEA or a british bottling company that bottles own brands and PepsiCo brands. Lets find out more about them – latest 2015 annual report (link).

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Some Links

Tim McAleenan Jr. about Viacom (link)

(the real risk to Viacom shareholders is that the pace of cord cutting speeds up during a recession when people cut back and advertising revenues shrivel, and then Viacom might conceivably need to borrow money to service its $12 billion debt burden while this is going on.)

 

The great PunchCard Blog with an very interesting (and long) post about MLPs (link)

When operating properly, midstream companies should be stable and boring.  They are a utility-like business that should be valued like a utility.  Not content with utility-like valuations, Wall Street attempted to make them more exciting.  When Wall Street makes the boring look exciting, investors should hold on tight to their wallets.

 

The great valueandopportunity-blog with a nice sum-of-parts valuation of Old Mutual plc  (link)

The business

Old Mutual is a combination of 4 major businesses:

1. A majority stake in listed South African Nedbank
2. A non-listed but quite succesful UK private wealth management
3. A majority stake in a listed US Asset manager (OM Asset Management)
4. An Emerging market insurance company headquartered in South Africa

 

Last Week Tonight with John Oliver: Retirement Plans (HBO)

Some links

List of “What You Can Do to Avoid Investment Fraud” provided by the S.E.C  (link)

From Zero to Hero and back – From $4.5 billion to $0: Forbes revalues Elizabeth Holmes’ worth (link CNN Money) or how Eddy Elfenbein from Crossing Wallstreet handled the topic (link)

Japan’s SoftBank plans to sell $7.9 bn in Alibaba stock to cut debt (link). Bloomberg reported last week that SoftBank is mulling the sale of its subsidiary Supercell Oy (link)

EQT (a PE firm linked to swedish Investor AB) acquires the “Building and Facility segment” from Bilfinger for EUR 1.4 EV (link)

Famous Bond Investor Bill Gross is seeking for Yield on Mars (or something like that, I don’t get it) (link)

Carl Icahn acquired a large position in Allergan  (link)

The paypal alternative “Made in Germany” paydirekt are not successful (link, german)