This time I spared no expenses and threw in another 5 randomly selected Swiss stocks to make it 15 “for free”. Among the 15, there is one stock that I already own and one that i find worth watching.
151. Helvetia Holding
Helvetia is “yet another” Swiss insurance company valued at 5,6 bn CHF. As with Baloise, the long term chart doesn’t look very interesting:
Moving forward with another 10 almost randomly selected Swiss stocks. This time, only one stock looked interesting but in that case so interesting that I initiated a 1% starter position.
141. ASMALLWORLD AG
ASMALLWORLD is a 36.4 mn CHF market cap company that was IPOed in 2018 at 9,75 CHF per share, climbed to over 20 CHF and then dropped big time even pre Covid. According to their web site their are some sort of travel community, whatever that means. Life is too short and there is a big world full of more interesting stocks. “Pass”.
142. Schaffner AG
Schaffner is a 176 mn CHF small cap that seems to be active as a specialist automobile supplier and produces components for electrical systems. A third division active in “Power Magnetics” was just sold to Swedish AQ Group, a company that I covered several years ago.
And on we go. Another 10 randomly selected Swiss shares. This time, three companies are going on to the extended watch list and one is actually a current holding of mine. As we are now already at around 2/3 of the Swiss Stock universe, I need to think about the next market to look at.
131. Perrot Duval AG
Perrot Duval is a 13 mn CHF micro cap. According to their latest annual report, the company is already 116 years old. The company seems to have sold its major operating business a year ago or so and now concentrates on the sector process automation, although I did not really understand what their remaining subsidiary called “Füll” really does.
What is kind of interesting is the fact that the company sits on 17 mn CHF of net cash and therefore the market seems to discount a lot. The CEO and Chairman owns 35% of the shares. In the mean time, the company seems to have made further acquisitions.
When Daniel Ek, founder of Spotify sits down to talk, it is always worth listening
A cautious look at potential negative effects of “Buy now, pay later” offerings
Interesting deep dive into “the mind of Perma-bear Marc Faber”
Some interesting thoughts from Micheal Pettis how China will manage the Evergrande problem and a deep dive into Evergrande’s “accounting”
GlobalStockPicking with a portfolio update
Guru Copycat investing doesn’t to work so well
Bill Ackman scored big with the IPO of Universal Music
Plus an old song to start the week in a happy mood: Beach Boys – Big Sur
I usually do favorable reviews of book because I don’t write about the bad ones. However this book is even exceptional among the many very good books I have written about.
There are some books that give you a new idea and/or explain something that I could never explain myself. This book created so many “Aha “moments for me that I am not sure if I have gained the same amount of new knowledge from any other book in the recent years.
Frank Thelen is a household name in Germany. As part of the German version of “Shark Tank” (which he left in 2019), he clearly became the Venture Capital investor with the biggest public exposure (the guy in the back in the middle):
Recently, Thelen announced that he will launch the “German Version” of Ark Invest which he calls 10xDNA Fund. The idea behind is that he, as successful VC investor is able to run a big fund of public stocks that aims at “disruptive technologies”.
Half time. With this post I will have covered more than 50% of the 217 SIX listed stocks. This time only one stock made it onto the watch list. Again, I will be on vacation when this scheduled post will be published.
111. Basler Kantonalbank AG
Basler KB is another one of the Swiss regional banks. The listed stocks seem to be “participation” shares only. As the other regional banks, the stock looks cheap with a dividend yield of almost 5%.
However, as the other banks, Business has been stagnating for some time and I don’t see any scenario that looks better. “pass”.
112. Hochdorf Holding AG
Hochdorf is a 115 mn CHF market cap Dairy company that has a surprisingly exciting chart for such a boring business:
Again 10 randomly selected Swiss stocks with 2 watch candidates. As I am still on holidays, please do not expect quick reactions from me on any comments.
101. Bank Cantonale Vaudoise
BC Vaudoise is with around 7 bn CHF market cap one of the bigger regional banks. As the other regional banks, business is stagnating since a couple of years, however with an ROE of 9-10% they achive one of the highest ROE’s in the industry.
However I am not interested in the shares of such a bank, therefore I’ll “pass”.
102. Stadler Rail AG
Stadler Rail is a 4 bn market cap company that manufactures “rolling stock” railcars and went public in 2019. Currently the stock price is pretty much where the stock started:
Another 10 randomly selected Swiss stocks, this time with 3 candidates to potentially “watch”. As this is part of my pre-scheduled “Gone swimming” break, please do not expect quick reactions on any comment from my side.
91. Bellevue Group
Bellevue is a 570 mn CHF market cap asset manager that in contrast to many other listed asset managers seems to be doing quite good over the past few years, with the stock doubling since the beginning of 2020 after trading sideways for years:
First things first:
I wish all my readers a nice summer break. For the rest of August, posting will be very light, I have lined up further posts of my “all Swiss Shares” series but that will be it…..
Short comment: “Feeling (too) smug”
I just completed my monthly performance review and I couldn’t help myself to think: “Wow, you have been really smart lately”. Out of the last 17 months, 16 months have shown a positive performance and the Portfolio is up more than +50% vs year end 2019.
