lördag 15 oktober 2016

ASSA ABLOY breaking out of consolidation

After reaching all time high in August, Assa Abloy retraced a bit and then went into a consolidation. Now it looks like the consolidation is over as the stock closed above the resistance and it will be interesting to see if there will be a new test of the ATH level at  190SEK.

lördag 8 oktober 2016

Volvo in a bull trend, can it break 100?

After testing and failing to break through 100 in mid September, Volvo made a small retracement back to 96. However, since it is still trading above the rising trend line from the low in July the bull trend is still intact. The stage is set to break 100 for the first time in over a year.

If Volvo breaks 100 then the target price of 120 before the end of 2016 is a possibility.

torsdag 6 oktober 2016

Has H&M made a double bottom?

Well no, H&M has not made a double bottom. Not yet anyway. But a double bottom might be forming however since the share turned and started up once again from the 240 level where it also turned in June.

H&M usually has ups and down with sales reports when short term traders (over?) react to news. But the company never lets its shareholders down in the long run. It keeps on growing and making money so for the long term Investor with the "Buffet Mind" this might be a good opportunity to enter.

onsdag 5 oktober 2016

Storytel presents good numbers again

Storytel has been on my radar for some time now but so far I have not invested in the company. Yeasterday, Storytell announced that they exceeded their estimates for the third quarter regarding both subscribers and revenue.

The result for the third quarter is 215,000 subscribers in Sweden and 120,000 abroad which is a total increase of 50,000 subscribers in total from the second quarter. Revenue from streaming was 87MSEK (expected 84) in Sweden and 49MSEK (47) abroad. The Revenue has thus increased by 60% from the second quarter.

In spite of this very positive news the stock did not advance yesterday. Initially it went up to 42 but fell back down again and closed at the daily low. After a good start to the summer Storytel entered a consolidation faze and has traded in the range of 36-44.

The Company is making money and growing but at at PE of 62 the expectations are very high.

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