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Playlist: Nokia

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1:44
#SaxoStrats - Shorting 'out of touch' Nokia
Peter Garnry
03 February 2016 at 13:56 GMT
3:50
Lenovo tumbles, don't knock Nokia and Apple's latest threat
Angus Walker
06 November 2014 at 14:12 GMT
6:01
Missed stock opportunities? No, just lessons for the future
Angus Walker
30 September 2014 at 9:52 GMT
2:29
Samsung, Twitter and Nokia’s profit dilemmas
Lea Jakobiak
29 April 2014 at 12:27 GMT
2:08
Nokia fights back at Mobile World Congress
Lea Jakobiak
25 February 2014 at 14:37 GMT
1:09
Nokia rings alarm bells
Angus Walker
23 January 2014 at 14:34 GMT
1:36
What's wrong with top tech stocks?
Angus Walker
20 January 2014 at 8:43 GMT
1:41
The Nokia dilemma. Is now the time to buy?
Lea Jakobiak
30 October 2013 at 13:27 GMT
1:19
Why Nokia should call time on mobile
Peter Garnry
02 July 2013 at 12:49 GMT
Video / 03 February 2016 at 13:56 GMT

#SaxoStrats - Shorting 'out of touch' Nokia

Peter Garnry
Shares in the Finnish telecom firm Nokia are down 12% year-to-date. With low growth and inceasing competition from China the outlook is gloomy according to Saxo Bank's Head of Equity Strategy Peter Garnry. He says; "The stock is trading at a substantial premium to the market. With 12-month forward EV/EBITDA of 13.7x, it is around 50% above the STOXX 600 valuation, which seems out of touch with a 6% cashflow to assets generation in the past four quarters."

Key risks to this trade are: Q4 earnings (February 11), a weaker euro, major cost-cutting programme. 
Parameters
Sell: NOKIA:xhel at market with a trailing stop.
Stop: trailing stop at €6.45 with steps of €0.06


  

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