Daniel Esteves, CFA

Portfolio & Fund Manager in Geneva, Switzerland, looking for asymmetric investments. Msc Finance @heclausanne. @SLBenfica ultra. Not financial advice.

[Daniel Esteves, CFA @_danielesteves_]

@Valuefinder01 They are trading close to net cash with the partial sale of Everllence.

[Daniel Esteves, CFA @_danielesteves_]

@absreturnchaser Net cash represents 70% of market cap. EV well below normalized FCF

[Daniel Esteves, CFA @_danielesteves_]

@absreturnchaser Genel Energy with a durable restart of Kurdistan oil exports through the Iraq–Türkiye pipeline with a credible mechanism for payment of both future sales and outstanding arrears

[Daniel Esteves, CFA @_danielesteves_]

@StrangerCapital @BetterIRR GKP is higher quality but Genel is a levered play on this given some issues not yet resolved with authorities. Market cap is covered by 70% net cash. Should they get exports back, FCF yearly will be above current EV

[Daniel Esteves, CFA @_danielesteves_]

@StrangerCapital @BetterIRR What about Genel Energy?

[Daniel Esteves, CFA @_danielesteves_]

@_SeanDavid They should aggressively increase their share buybacks.

[Daniel Esteves, CFA @_danielesteves_]

@sprucepointcap @CliffordAsness Insiders continued to sell this week.

[Daniel Esteves, CFA @_danielesteves_]

@ResGloStocks @PaulAndreola Tickers?

[Daniel Esteves, CFA @_danielesteves_]

@thmessini @James56487175 Geneva shareholder of $IMPP ? Happy to connect

[Daniel Esteves, CFA @_danielesteves_]

@orestisf @dampedspring What is the reason? I own Cairo but saw no news

[Daniel Esteves, CFA @_danielesteves_]

@Adrian_Smith12 @SCTrades Analyzed and invested in the company thanks to you. Think the dilution phase is over. Going forward, new tankers should be funded through FCF, which is substantial - especially relative to the market cap. Stock will reprice accordingly.

[Daniel Esteves, CFA @_danielesteves_]

@Uzocapital @IggyOnInvesting Trophy assets

[Daniel Esteves, CFA @_danielesteves_]

@ValueEric What is the reason for the huge CFO in 2023? Seams difficult to repeat as per your answer.

[Daniel Esteves, CFA @_danielesteves_]

@BigBuncer Yes, but the liquidity is too low, and the company’s disclosures are not as strong.

[Daniel Esteves, CFA @_danielesteves_]

Phoenix Digital Assets #PNIX, a UK-based company, specializes in cryptocurrency investments.

The company holds among others: 623 bitcoins, 6'794 ethereums and 86'396 solanas.

[Daniel Esteves, CFA @_danielesteves_]

BOOM! Phoenix Digital Assets #PNIX has announced a proposal to acquire 57.86% of the company's currently issued share capital at a price of 5.39p per share, representing a 35% premium over the closing middle market price prior to the announcement.

[Daniel Esteves, CFA @_danielesteves_]

We might have expected a bit more consideration for investors from them. Something to keep in mind moving forward. #PNIX

[Daniel Esteves, CFA @_danielesteves_]

Hong Kong: The stock exchange of opportunities for long-term investors.

[Edmund @EdmundSimms]

@MikeFritzell My sample has 304 Hong Kong stocks with 12-month forward P/EPS data. Here's the distribution with the same buckets as the chart above: