Denmark
Trading strategy
Value investing based on the teachings of Benjamin Graham and Warren Buffet. Using a macro overlay for reqion and sector selection.

Technical indicators are used to time entry and exit of postions.
While many Value investors pride themself by using buttom up stock picking, I choose to first look at macro indicators and then do my stockpicking based on value figures such as: EV/EBITDA, ROE, ROA, ROIC, P/FCF, P/E, P/B and not least earnings Growth potential.
Biography
20 years Equity and CFD Trading experience. Dominated by 15 years as a global market maker and trader.

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3 Followers
Write a Squawk to Viewpoint Investor
  • Squawk / 15 January 2015 at 11:06 GMT
    Prop trader / Viewpoint Investors
    Denmark
    There are too many unknown variables right now. It is time to go short and buy gold. A good sell might be Pandora and Danske bank. But generally all the US banks got sell signals on yesterdays move. MSFT look toppish too.
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  • Squawk / 19 September 2014 at 6:20 GMT
    Prop trader / Viewpoint Investors
    Denmark
    Here is why you should hold an overweight of banks in your portfolio:
    US banks have had a spectacular run since they were bailed by the tax payers. While it looks like the taxpayers in the US will get their money back with interest, it looks less likely to happen in the EU. The way the crisis was handled and the prolonged period of the crisis there will keep EU banks under pressure for another year or so.

    That said there are some good undervalued stocks out there.
    When interest rates go up lenders tend to increase the borrow rate faster than they increase the deposit rate, thus increasing their earning margin. They also hold short term government bonds as collateral and lend out for longer term, thus they will not lose nearly as much on the balance sheet as the increase in earnings. The anticipation of this event will lift banks further.

    Take a look at: GS, BAC, Deutsche bank, Commerzbank and the option like stock Eurobank (Greece).
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  • Squawk / 09 September 2014 at 7:11 GMT
    Prop trader / Viewpoint Investors
    Denmark
    My screenings this week generally show an overwhelming lack of quality stocks to pick up. The charts did not help much either.

    Markets will continue to struggle around these highs until a new catalyst is found. I believe that might be Q3 results in Oct.

    In the meantime we have a Scottish election that is a potential red herring. It might cause some volatility if we suddenly have a new country in the more stable part of Europe.
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    4y
    Simon Kjaer Simon Kjaer
    Another currency to add to the portfolio ;)
  • Squawk / 09 September 2014 at 6:40 GMT
    Prop trader / Viewpoint Investors
    Denmark
    Transocean (RIG) is worth adding to your watch list. The news continue to be disapointing in this stock but the incredibly high short interest in this stock (19,05%) tells me we might be close to the buttom. As the chart Bellow show the trend is still heading lower and we need a bit of good news (beside higher Yield) to turn it around. But valuations look attractive and book is around 1.

    Icahn and Greenblatt are currently two of the more well known investors.

    Once it turn on good news it will go up to around 50 USD pretty quickly. I suspect we will see a buttom somewhere in the region of 25 - 30 USD.
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  • Article / 08 September 2014 at 8:28 GMT

    Alibaba IPO is the ultimate bet on China and global e-commerce

    Head of Equity Strategy / Saxo Bank
    Denmark
    Alibaba IPO is the ultimate bet on China and global e-commerce
    Alibaba finally filed its last f-1 filing removing all obstacles to the long-waited IPO ahead of an expected pricing date on September 18. With institutional investors desperate for a bite of the future China, there is no better bet than Alibabaand its impressive growth rate and fat profit margins are already making the IPO valuation look conservative.
    Read the article
    4y
    TDAN TDAN
    Alibaba is not traded on HK Stock Exchange ?
    4y
    TDAN TDAN
    What about the net profit over last 12M ?
    4y
    tradingwala tradingwala
    To US markets in particular, Alibaba IPO will do what Reliance Power IPO did to Indian markets in 2008 - CRASH!!
  • Squawk / 20 August 2014 at 7:06 GMT
    Prop trader / Viewpoint Investors
    Denmark
    Ebay - Cat is out of the bag. Several Guru investors are buying or adding to current holdings. These are the names: Carl Icahn, Joel Greenblatt, George Soros, Seth Klarman and several more. Bet one of these are the buyer of the calls at 55 a couple of weeks ago. I think I will join the crowd.
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  • Squawk / 18 August 2014 at 14:42 GMT
    Prop trader / Viewpoint Investors
    Denmark
    Got cleared out of my Auto positions last week. Which increased my net short. After some cooling period in Ukraine, Macro issues seem to be off the table for a short while. Jackson hole is coming up and some talk out of there might indicate what FED plan to do post taper, but dont get your hopes up. Have put in stops to protect the Down side and keep a kean eye on Oil & Gold to spot early warning signs. No real reason to load up on risk or stocks this side of November.
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  • Squawk / 12 August 2014 at 6:09 GMT
    Prop trader / Viewpoint Investors
    Denmark
    Here is a Macro issue to ponder for all the FX people: "why is the EUR so strong? - is it actually 25% overvalued, because of Capital inflow from Russia and China?".

    In my oppinion Growth and interest rate differentials between EUR and USD should indicate a EURUSD around 1 - 1.10, Not 1.33.
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  • Squawk / 08 August 2014 at 7:39 GMT
    Prop trader / Viewpoint Investors
    Denmark
    I have not looked at Gold for a couple of years, but it might be a good idea to stock up on the metal. Fundamental reason is quite obvious: Looming re-entry of US troops in Iraq, Russians at the border, Ebola, State and bank insolvency and on top of that, now there is a real chance of deflation in the US and EUR zone.

    Technically it also look like it will break out to the up-side. All in all, probably can`t hurt to have some in the portfolio.
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