Just to mark the day. probably bounce around here for a while. long term target is now €28.
11 Feb '15
Very good results. Even after the great run there's more in the tank here. There might be some profit taking for a while but €25 not unrealistic soon.
26 Jan '15
Rise in SP
Does anyone know what is driving the rise in SP since October. I note that UPM & Stora are following a similar path and also to a lesser extent is SMDS. My assumption is that the fall in oil prices represents a significant reduction in cost in the supply chain or to operating costs. Anyone know how this industry works?
2 Jan '15
happy new year
Not a very active forum here but for anyone looking in and thinking of investing in skg I would say do it. A very sound business with an excellent cash flow ready to take big steps forward this year. This is a share to put in the basket and leave there for the next 10 years.
11 Dec '14
True, but it really depends on how you look at it. I guess that as a stockbroking firm they have to trade on the fundamentals as they stand, rather than front-running the market. For example, a poor take up of the TLTRO this morning. The ECB is now in a crisis. They cannot meet their commitments without QE (although they may not meet their commitments even with QE, but thats a different story). More liquidity, more risk taking. And this stock seems to accentuate moves up and down in the markets. Its already on the move up this morning based on a belief that QE is on the way. Selling seems to me to be a mistake. And thats not including al of the facts you just outlined about the strength of the company; debt paid down, strongly generating cash and incredibly well run.
10 Dec '14
RE: Cantor Fitzgerald
Nothing wrong with their reasoning. I suspect plenty will be heading for safe havens. There's a lot of uncertainty out there. On Venezuela. Its more or less gone. Bankruptcy a near certainty at this stage.. even though its been well flagged and probably in the price all ready there may be a bit ok a back lash against any companies involved there when the inevitable happens. No issues with their views on Europe either. Deflation is almost certain here and growth is completely stalled. There again thats no surprise. Prices will be under pressure for 2015. However they will be less detrimental because of the collapse in oil prices. Skg's costs are going to have huge savings because of oil in 2015. Possibly longer as they hedge forward. Packaging is on of the big winners when oil is cheap. All in all if you want a safe place cash is the only place these days. If I needed the funds invested in skg I would definitely consider selling. I'm up 160% so maybe I'm even been greedy. But I am happy here for the long term. This is one of the companies you dream about investing in. Solid on all fronts with serious cash generation possibility. Definitely one for the long haul.
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