Category Archives: Off-Ex Most Active

Swiss Mid & Small Cap Off Exchange Most Active – 06-02-2014

This list, exclusively compiled by Zuberbühler Associates Ltd for proprietary client trading strategies, shows which stocks had most off-exchange trading volume (06-02-2014). Interesting on todays list: Peach Property has a large institutional bidding the order book. Currently there are 30k bid in the order book at 10.15. Considering that kind of size is the usual daily volume the off market of close 55k on February 6th and that the price has since risen slightly, one can assume the off-market seller was done around 10.50 and maybe moved to over 11. In Swissquote maybe George Mansour from Amman, Jordania is active off-market (he owns over 5%). Here’s an interesting interview with the CEO of Swissquote regarding MIG Bank acquisition which George Mansour had owned (in french).

Peach Property N CH0118530366 PEAN 7.92% 4693 92.08% 54569
SCHAFFNER N CH0009062099 SAHN 24.78% 473 75.22% 1436
LEONTEQ N CH0190891181 LEON 33.28% 6891 66.72% 13815
EMMI N CH0012829898 EMMN 38.40% 6029 61.60% 9672
SWISSQUOTE N CH0010675863 SQN 41.55% 28007 58.45% 39400
VALORA N CH0002088976 VALN 64.08% 3716 35.92% 2083
TEMENOS N CH0012453913 TEMN 68.27% 245965 31.73% 114294
KUONI N CH0003504856 KUNN 74.39% 4021 25.61% 1384
LOGITECH N CH0025751329 LOGN 86.82% 1214187 13.18% 184329
ST GALLER KB N CH0011484067 SGKN 90.16% 1539 9.84% 168
INTERSHOP I CH0017313948 IS 93.52% 664 6.48% 46
PANALPINA N CH0002168083 PWTN 94.85% 37515 5.15% 2035
PARTNERS GROUP N CH0024608827 PGHN 95.42% 37047 4.58% 1779
SULZER N CH0038388911 SUN 96.72% 148219 3.28% 5022
FLUGHAFEN ZUERICH N CH0010567961 FHZN 97.14% 10150 2.86% 299
SCHINDLER N CH0024638212 SCHN 97.23% 16133 2.77% 460
NOBEL BIOCARE N CH0037851646 NOBN 97.44% 637358 2.56% 16778
GALENICA N CH0015536466 GALN 97.50% 10659 2.50% 273
OC OERLIKON N CH0000816824 OERL 97.59% 2095952 2.41% 51651
FORBO N CH0003541510 FORN 97.73% 4125 2.27% 96

Swiss Mid & Small Cap Off Exchange Most Active – 05-02-2014

This list, exclusively compiled by Zuberbühler Associates Ltd for proprietary client trading strategies, shows which stocks had most off-exchange trading volume (05-02-2014). Interesting on todays list: DKSH (Market Expansion Services Group with a focus on Asia)and gategroup (leading independent global provider of products, services and solutions related to a passenger’s onboard experience) once again (already on 04-02-2014) active. VZ Group was however the largest by % of trades shares off market today. The stock had fallen off a cliff around January 20th.

VZ HOLDING N CH0028200837 VZN 5.36% 400 94.64% 7063
BURCKHARDT N CH0025536027 BCHN 43.04% 4224 56.96% 5590
DKSH N CH0126673539 DKSH 46.39% 137388 53.61% 158786
SCHWEITER I CH0010754924 SWTQ 52.21% 874 47.79% 800
MOBILEZONE I CH0012583404 MOB 53.43% 72269 46.57% 63000
ZEHNDER CH0132557338 ZEH 55.33% 6070 44.67% 4900
INTERSHOP I CH0017313948 IS 62.99% 1489 37.01% 875
MYRIAD GROUP N CH0019624805 MYRN 73.45% 581086 26.55% 210000
CEMBRA MONEY BANK N CH0225173167 CMBN 77.99% 17712 22.01% 5000
FLUGHAFEN ZUERICH N CH0010567961 FHZN 79.86% 3667 20.14% 925
MEYER BURGER N CH0108503795 MBTN 85.60% 488647 14.40% 82232
PANALPINA N CH0002168083 PWTN 85.90% 28765 14.10% 4723
LOGITECH N CH0025751329 LOGN 88.91% 802546 11.09% 100113
TECAN GROUP AG N CH0012100191 TECN 90.17% 18716 9.83% 2040
TEMENOS N CH0012453913 TEMN 90.39% 65228 9.61% 6934
ARYZTA N CH0043238366 ARYN 91.58% 144558 8.42% 13292
AUTONEUM N CH0127480363 AUTN 91.65% 15253 8.35% 1390
BC VAUD N CH0015251710 BCVN 92.90% 12279 7.10% 939
BARRY CALLEBAUT N CH0009002962 BARN 95.22% 5201 4.78% 261
LINDT N CH0010570759 LISN 95.24% 120 4.76% 6
PARTNERS GROUP N CH0024608827 PGHN 97.13% 41759 2.87% 1236

Swiss Mid & Small Cap Off Exchange Most Active – 03-02-2014

This list, exclusively compiled by Zuberbühler Associates Ltd for proprietary client trading strategies, shows which stocks had most off-exchange trading volume (03-02-2014). Interesting on todays list: Interroll (rollers, components, drives and modules for material handling, storage and automation) had seen a nearly 24% rise since October 2013 and looks to be consolidating on insider trading. More than half the days volume off-market on Monday. Seeing as they are a logistics and automation play they would be a winner in protracted world growth (P/E ratio expansion). And a potentially a loser (P/E contraction) should the emerging debt and FX crisis prove to be a sustained influence.

INTERROLL N CH0006372897 INRN 35.79% 446 64.21% 800
TECAN GROUP AG N CH0012100191 TECN 47.25% 8959 52.75% 10000
BURCKHARDT N CH0025536027 BCHN 57.91% 9489 42.09% 6897
PARGESA I CH0021783391 PARG 59.59% 50414 40.41% 34193
AUTONEUM N CH0127480363 AUTN 59.71% 14820 40.29% 10000
TEMENOS N CH0012453913 TEMN 62.85% 230038 37.15% 135984
GALENICA N CH0015536466 GALN 77.07% 20895 22.93% 6216
BUCHER N CH0002432174 BUCN 77.84% 12769 22.16% 3636
NOBEL BIOCARE N CH0037851646 NOBN 84.45% 693674 15.55% 127754
SCHINDLER N CH0024638212 SCHN 94.45% 47834 5.55% 2811
PANALPINA N CH0002168083 PWTN 94.73% 45487 5.27% 2529
STRAUMANN N CH0012280076 STMN 95.31% 23334 4.69% 1147
LOGITECH N CH0025751329 LOGN 95.79% 703395 4.21% 30906
FLUGHAFEN ZUERICH N CH0010567961 FHZN 95.88% 8596 4.12% 369
ZEHNDER CH0132557338 ZEH 95.95% 3319 4.05% 140
PARTNERS GROUP N CH0024608827 PGHN 96.40% 50259 3.60% 1875
VONTOBEL N CH0012335540 VONN 96.45% 30952 3.55% 1140
FORBO N CH0003541510 FORN 97.32% 2321 2.68% 64
KUONI N CH0003504856 KUNN 97.40% 7415 2.60% 198
Weatherford International N CH0038838394 WFT 97.58% 139217 2.42% 3451

Swiss Mid & Small Cap Off Exchange Most Active – 04-02-2014

This list, exclusively compiled by Zuberbühler Associates Ltd for proprietary client trading strategies, shows which stocks had most off-exchange trading volume (04-02-2014). Interesting on todays list: DKSH (Market Expansion Services Group with a focus on Asia) and gategroup (leading independent global provider of products, services and solutions related to a passenger’s onboard experience) as emerging markets plays are seeing a lot of off-market action (presumably hedge funds). Conzzeta showing some unusual activity; the company’s largest divisions are in sheet metal processing systems, glass processing systems and surprisingly to me: sporting goods. Schweiter (traditional Swiss group operating in the textile machinery and coating business) is another of those companies that saw their share price advance by 10-15% since late October 2013 and are now consolidating or retreating.

SCHWEITER I CH0010754924 SWTQ 37.66% 653 62.34% 1081
Conzzeta AG CH0002657986 CZH 43.44% 384 56.56% 500
DKSH N CH0126673539 DKSH 61.21% 115570 38.79% 73254
gategroup N CH0100185955 GATE 62.00% 90119 38.00% 55239
Looser Holding AG CH0026205861 LOHN 66.96% 4053 33.04% 2000
EFG INTERNATIONAL N CH0022268228 EFGN 70.35% 80669 29.65% 34000
SWATCH GROUP N CH0012255144 UHRN 70.38% 113123 29.62% 47612
PUBLIGROUPE N CH0004626302 PUBN 70.44% 4767 29.56% 2000
INTERSHOP I CH0017313948 IS 74.18% 1204 25.82% 419
SCHINDLER N CH0024638212 SCHN 83.14% 49304 16.86% 10000
CEMBRA MONEY BANK N CH0225173167 CMBN 86.36% 35825 13.64% 5658
MEYER BURGER N CH0108503795 MBTN 88.29% 722280 11.71% 95829
STRAUMANN N CH0012280076 STMN 90.37% 17375 9.63% 1851
PARTNERS GROUP N CH0024608827 PGHN 93.59% 88215 6.41% 6046
TECAN GROUP AG N CH0012100191 TECN 93.84% 20761 6.16% 1362
LEM N CH0022427626 LEHN 93.94% 666 6.06% 43
EMS-CHEMIE N CH0016440353 EMSN 95.04% 20605 4.96% 1075
LINDT PS CH0010570767 LISP 95.17% 1970 4.83% 100
PSP N CH0018294154 PSPN 95.70% 76985 4.30% 3455
SULZER N CH0038388911 SUN 96.33% 160774 3.67% 6129
Weatherford International N CH0038838394 WFT 96.93% 71619 3.07% 2270

Swiss Mid & Small Cap Off Exchange Most Active – 31-01-2014

This list, exclusively compiled by Zuberbühler Associates Ltd for proprietary client trading strategies, shows which stocks had most off-exchange trading volume (31-01-2014). Interesting on todays list: Interroll (INRN). which produces rollers, components, drives and modules for material handling, storage and automation, saw above average daily volume traded in one shot around 4pm CET. Company had recently (24-01-2014) published results data. Has some exposure to Brazil. Chart shows momentum is fading. Hard to justify chasing a stock in that kind of situation, even if they do have more substantial exposure to North America, which in turn isn’t looking bad.

Large institutional investors, hedge funds and insiders trade off-exchange.

Here are the Top 20: (last column shows #shs Off-Ex, second last % Off-Ex)

INTERROLL N CH0006372897 INRN 20.00% 500 80.00% 2000
ALLREAL N CH0008837566 ALLN 50.78% 8440 49.22% 8180
INFICON N CH0011029946 IFCN 60.04% 1337 39.96% 890
BURCKHARDT N CH0025536027 BCHN 62.48% 22153 37.52% 13301
EFG INTERNATIONAL N CH0022268228 EFGN 69.72% 66678 30.28% 28953
SWISSQUOTE N CH0010675863 SQN 70.93% 17082 29.07% 7000
CEMBRA MONEY BANK N CH0225173167 CMBN 72.85% 13606 27.15% 5071
PARGESA I CH0021783391 PARG 74.52% 44515 25.48% 15221
COMET N CH0003825756 COTN 77.90% 1156 22.10% 328
KUONI N CH0003504856 KUNN 80.13% 6720 19.87% 1666
STRAUMANN N CH0012280076 STMN 81.01% 13958 18.99% 3271
PARTNERS GROUP N CH0024608827 PGHN 82.16% 28383 17.84% 6162
LEONTEQ N CH0190891181 LEON 85.38% 4718 14.62% 808
FISCHER N CH0001752309 FI-N 85.68% 13023 14.32% 2176
LOGITECH N CH0025751329 LOGN 87.91% 1264445 12.09% 173855
MEYER BURGER N CH0108503795 MBTN 91.17% 725429 8.83% 70279
RIETER N CH0003671440 RIEN 91.58% 27189 8.42% 2499
OC OERLIKON N CH0000816824 OERL 91.81% 2907697 8.19% 259415
SULZER N CH0038388911 SUN 92.60% 256892 7.40% 20542
PSP N CH0018294154 PSPN 93.20% 60910 6.80% 4442
NOBEL BIOCARE N CH0037851646 NOBN 94.03% 421451 5.97% 26774

Off-Exchange Transactions & Insiders: Example of Management Transactions & Options Influencing Share Price – Example I.P.S. Innovative Packaging Solutions AG

On Monday (27-01-2014) unusual activity could be seen off market in IPS shares. While checking recent managment transactions I came across this (see screenshot below) Exercise & Hold and Exercise & Sale management transaction information on the SIX website. Further evidence that trading information reported to the exchange from off-ex transactions often involved insiders and therefor can be an interesting indicator when coupled with charts, volume and market correlation.ips-innovative-packaging-solutions

Swiss Mid & Small Cap Off Exchange Most Active – 30-01-2014

This list, exclusively compiled by Zuberbühler Associates Ltd for proprietary client trading strategies, shows which stocks had most off-exchange trading volume (30-01-2014). Interesting on todays list: Second day in a row that VZ Holding saw substantial off-exchange volume. Also noteworthy to see those large Publigroupe (PUBN) and APG (APGN) trades. The latter have both seen substantial run-up in share price in recent weeks, strongly outperforming the market. Turning point or M&A activity led demand?

Large institutional investors, hedge funds and insiders trade off-exchange.

Here are the Top 20: (last column shows #shs Off-Ex, second last % Off-Ex)

VZ HOLDING N CH0028200837 VZN 16.97% 2351 83.03% 11505
PUBLIGROUPE N CH0004626302 PUBN 19.37% 3603 80.63% 15000
APG SGA N CH0019107025 APGN 23.94% 472 76.06% 1500
HELVETIA HOLDING N CH0012271687 HELN 37.28% 7726 62.72% 13000
INNOVAT. PACKAGING SOLUTIONS I CH0002013826 IPS 41.00% 3474 59.00% 5000
INFICON N CH0011029946 IFCN 41.27% 1517 58.73% 2159
COLTENE N CH0025343259 CLTN 45.27% 1522 54.73% 1840
PARGESA I CH0021783391 PARG 52.38% 34954 47.62% 31780
PARTNERS GROUP N CH0024608827 PGHN 62.94% 52262 37.06% 30770
TEMENOS N CH0012453913 TEMN 69.54% 226267 30.46% 99090
IMPLENIA N CH0023868554 IMPN 69.72% 25667 30.28% 11150
VONTOBEL N CH0012335540 VONN 74.51% 23446 25.49% 8022
BELIMO N CH0001503199 BEAN 82.39% 234 17.61% 50
BUCHER N CH0002432174 BUCN 85.07% 11160 14.93% 1959
MOBIMO N CH0011108872 MOBN 88.18% 10913 11.82% 1463
DKSH N CH0126673539 DKSH 90.24% 179397 9.76% 19394
PANALPINA N CH0002168083 PWTN 91.15% 31719 8.85% 3080
gategroup N CH0100185955 GATE 92.28% 107431 7.72% 8987
DAETWYLER I CH0030486770 DAE 93.32% 14775 6.68% 1057
RIETER N CH0003671440 RIEN 93.62% 24387 6.38% 1663
LEONTEQ N CH0190891181 LEON 94.06% 9232 5.94% 583
SWATCH GROUP N CH0012255144 UHRN 94.34% 229836 5.66% 13795

Swiss Mid & Small Cap Off Exchange Most Active – 29-01-2014

This list, exclusively compiled by Zuberbühler Associates Ltd for proprietary client trading strategies, shows which stocks had most off-exchange trading volume (29-01-2014). Interesting on todays list: Tamedia (TAMN) saw a decent size block traded, which doesn’t happen that often. Total volume is mostly below 10k. So a 20k trade is substantial for the stock. Performance in the stock in the last 30 days had been unusually strong vs the past year’s action. VZ Holding (VZN) also saw unusual action. The shares have lost nearly 10% this year (dropped from 170 to current 150) but seem to have found a level where two institutionals are prepared to exchange larger blocks. Will be interesting to see if the buyer or the seller gets filled first.

Large institutional investors, hedge funds and insiders trade off-exchange.

Here are the Top 20: (last column shows #shs Off-Ex, second last % Off-Ex)

TAMEDIA N CH0011178255 TAMN 1.68% 341 98.32% 20000
VZ HOLDING N CH0028200837 VZN 6.65% 1996 93.35% 28000
EFG INTERNATIONAL N CH0022268228 EFGN 22.27% 14322 77.73% 50000
INTERROLL N CH0006372897 INRN 51.55% 1064 48.45% 1000
PARGESA I CH0021783391 PARG 52.66% 40066 47.34% 36018
ZUG ESTATE AG CH0148052126 ZUGN 62.50% 15 37.50% 9
BARRY CALLEBAUT N CH0009002962 BARN 63.49% 7826 36.51% 4501
ALLREAL N CH0008837566 ALLN 67.97% 21225 32.03% 10000
CEMBRA MONEY BANK N CH0225173167 CMBN 70.37% 17457 29.63% 7350
AUTONEUM N CH0127480363 AUTN 71.47% 17867 28.53% 7133
PSP N CH0018294154 PSPN 71.57% 93231 28.43% 37040
Weatherford International N CH0038838394 WFT 82.59% 57860 17.41% 12200
gategroup N CH0100185955 GATE 90.66% 97155 9.34% 10005
DKSH N CH0126673539 DKSH 91.89% 236531 8.11% 20883
SWATCH GROUP N CH0012255144 UHRN 93.53% 253937 6.47% 17554
DAETWYLER I CH0030486770 DAE 93.70% 15159 6.30% 1019
BB BIOTECH N CH0038389992 BION 94.67% 31690 5.33% 1784
FLUGHAFEN ZUERICH N CH0010567961 FHZN 95.28% 5877 4.72% 291
KUONI N CH0003504856 KUNN 95.58% 10883 4.42% 503
RIETER N CH0003671440 RIEN 95.75% 37946 4.25% 1684
SULZER N CH0038388911 SUN 96.15% 121907 3.85% 4887

Swiss Mid & Small Cap Off Exchange Most Active – 28-01-2014

This list, exclusively compiled by Zuberbühler Associates Ltd for proprietary client trading strategies, shows which stocks had most off-exchange trading volume (28-01-2014). Interesting on todays list: Nothing really catches my eye on this list to be honest!

Large institutional investors, hedge funds and insiders trade off-exchange.

Here are the Top 20: (last column shows #shs Off-Ex, second last % Off-Ex)

PANALPINA N CH0002168083 PWTN 48.13% 8858 51.87% 9547
STRAUMANN N CH0012280076 STMN 50.24% 25082 49.76% 24843
AUTONEUM N CH0127480363 AUTN 53.93% 13452 46.07% 11493
CEMBRA MONEY BANK N CH0225173167 CMBN 61.61% 23901 38.39% 14896
BB BIOTECH N CH0038389992 BION 71.03% 29427 28.97% 12000
LEONTEQ N CH0190891181 LEON 72.37% 6864 27.63% 2621
EFG INTERNATIONAL N CH0022268228 EFGN 73.75% 42140 26.25% 15000
GALENICA N CH0015536466 GALN 76.92% 15408 23.08% 4623
BUCHER N CH0002432174 BUCN 77.04% 9962 22.96% 2969
KUONI N CH0003504856 KUNN 78.38% 18124 21.62% 5000
FLUGHAFEN ZUERICH N CH0010567961 FHZN 82.16% 6514 17.84% 1414
NOBEL BIOCARE N CH0037851646 NOBN 83.41% 407622 16.59% 81066
PARGESA I CH0021783391 PARG 86.47% 46606 13.53% 7295
FORBO N CH0003541510 FORN 87.24% 2476 12.76% 362
MEYER BURGER N CH0108503795 MBTN 87.50% 873292 12.50% 124707
HELVETIA HOLDING N CH0012271687 HELN 87.54% 8449 12.46% 1203
BARRY CALLEBAUT N CH0009002962 BARN 91.47% 4191 8.53% 391
LOGITECH N CH0025751329 LOGN 93.31% 1932602 6.69% 138564
LINDT N CH0010570759 LISN 94.48% 154 5.52% 9
U-BLOX N CH0033361673 UBXN 94.84% 46830 5.16% 2547
ARYZTA N CH0043238366 ARYN 95.99% 206389 4.01% 8624
SULZER N CH0038388911 SUN 96.27% 151793 3.73% 5886

Swiss Mid & Small Cap Off Exchange Most Active – 27-01-2014

This list, exclusively compiled by Zuberbühler Associates Ltd for proprietary client trading strategies, shows which stocks had most off-exchange trading volume (27-01-2014). Interesting on todays list: Bobst once again stands out with 125k shs after already having traded 100k off ex on 23-01-2014. Could speculate that JBF Finance (the management company controlling just over 50% of Bobst) is involved in some way. As of January 6th 2014 they held 8’906’104 shs.

Large institutional investors, hedge funds and insiders trade off-exchange.

Here are the Top 20: (last column shows #shs Off-Ex, second last % Off-Ex)

INNOVAT. PACKAGING SOLUTIONS I CH0002013826 IPS 6.47% 969 93.53% 14000
BOBST GRP N CH0012684657 BOBNN 9.17% 12626 90.83% 125000
INTERSHOP I CH0017313948 IS 50.19% 1198 49.81% 1189
KUDELSKI I CH0012268360 KUD 64.49% 114176 35.51% 62861
ALLREAL N CH0008837566 ALLN 72.02% 12871 27.98% 5000
FORBO N CH0003541510 FORN 75.39% 2742 24.61% 895
OC OERLIKON N CH0000816824 OERL 76.76% 1206305 23.24% 365297
TEMENOS N CH0012453913 TEMN 88.14% 146355 11.86% 19694
U-BLOX N CH0033361673 UBXN 89.21% 81640 10.79% 9873
CEMBRA MONEY BANK N CH0225173167 CMBN 89.45% 47235 10.55% 5571
STRAUMANN N CH0012280076 STMN 89.54% 25342 10.46% 2959
NOBEL BIOCARE N CH0037851646 NOBN 89.73% 371132 10.27% 42468
MEYER BURGER N CH0108503795 MBTN 91.80% 1305420 8.20% 116634
LOGITECH N CH0025751329 LOGN 92.30% 1519741 7.70% 126702
PARGESA I CH0021783391 PARG 93.19% 70026 6.81% 5117
FLUGHAFEN ZUERICH N CH0010567961 FHZN 95.09% 9403 4.91% 486
GAM N CH0102659627 GAM 95.09% 663243 4.91% 34252
BARRY CALLEBAUT N CH0009002962 BARN 95.52% 10743 4.48% 504
PANALPINA N CH0002168083 PWTN 96.76% 22230 3.24% 744
GALENICA N CH0015536466 GALN 97.17% 26898 2.83% 782
LINDT N CH0010570759 LISN 97.22% 175 2.78% 5
gategroup N CH0100185955 GATE 98.14% 135344 1.86% 2565

PS: JBF owner are: Les membres de la convention d’actionnaires de JBF Finance SA (ayant-droits économiques) sont :
BERTALLO Françoise, BERTALLO Nicole, BOBST Jean-Pascal, BOBST Marie-Françoise, BOBST Olivier, BREAUD Eric, BREAUD Laurence, BREAUD-VUILLEMIER Marie-Noëlle, BREAUD Philippe, BRUSTLEIN Christian, BRUSTLEIN Dominique, CHANSON Corinne, Fondation Jacqueline de Cérenville, DE KALBERMATTEN Bruno, DE KALBERMATTEN François, DE KALBERMATTEN Josette, DE KALBERMATTEN Thierry, DEMONT Marie-Claire, DE PREUX Antoine, DE PREUX Christian, DE PREUX Grégoire, DE PREUX Michèle, DE PREUX Philippe, DUFOUR Christophe, DUFOUR Isabelle, DUFOUR Bernard, DUFOUR Michel, DUFOUR Raymond, GALLETTI Renato, GUTTMANN Alain, HERZOG Nicole, JOLLIET Patricia, JOLLIET Pierre, MERCIER Jean-Philippe, MERCIER-PFAU Nicole, MOSER Monique, PFAU Jean, RICCI Aline, RICCI Giulia, RICCI Marc, RIVIER Laurent, RIVIER Nicolas, RUTTIMANN Hervé, RUTTIMANN Xavier, RUTTIMANN Yves, TEMLER Eliane, VERREY François.