January 2014

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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.


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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…


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How Structured Products and Active Funds (Can) Drain Your Wealth – Minimise Capital Appreciation

If you ever wonder why your bank advisor recommends active funds and structured products look no further than below. It shows that an equity fund that’s actively managed will sometimes cost you an extra 60bp (range 0-150bp), which the bank pockets. That’s in addition to transaction fees and custody fees. If we look at structured products we see that it’s not unusual for the bank to take 100bp (one time)…


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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…


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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…


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Emerging Markets: Brasil and Turkey 10-Year Yield 2007-2014, 2013-2014 and 2010-2014

The above chart is from the brilliant website tradingeconomics.com, with text and boxes added by me. The list of countries with fragile economies certainly isn’t getting any shorter as of late. But the charts below shows that the yield on the 10-year brasilian and turkish gov bond have been at elevated levels for over 6 months. The difference with regard to euro periphery countries which also had elevated yield levels…


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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….


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Banks: HSBC Trinkaus & Burkhardt Expanding Corporate Banking in Germany

An article in today’s FAZ highlights the fact that HSBC Trinkaus & Burkhardt is one of the few banks to be expanding in the current environment when many are reducing balance sheet risks. HSBC with its strong presence in emerging markets is a good fit for many corporate customers looking to do business worldwide at competitive prices and with a solid bank behind them. HSBC is going to invest EUR…



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Stay away from: Cacao-investment.de , Lifeforestry.com , InvestInvent.ch

Today I was reading the online financial news on http://www.nzz.ch and came across some ads deployed by Ligatus which is part of Gruner + Jahr GmbH & Co. KG which in turn is the largest European printing and publishing firm. Its headquarters is in Hamburg, Germany. Ligatus generates a lot of revenue from ads like this: These ads basically promise 9-12% guaranteed or sure returns. Considering the current low interest rate (risk free…