SCGLF News and Press, Societe Generle Ord From 07/05/21

The portfolio rose another 7.4% in the second quarter after it gained 62.94% in the first quarter 2021. Hence, the total return for the first half is 75.1%. The portfolio outperformed the German DAX (+12.9 %) as well as the MSCI World Index which gained 12.4% from January till the end...

I've recently written about a number of European undervalued banks which, thanks to COVID-19, are trading at very low valuations. While visibility for these banks and their eventual recovery can only be considered "poor", I feel it would be wrong not to point out the opportunity here....

The first quarter of 2021 was outstanding since many portfolio positions jumped significantly. The portfolio gained 62.94%, which is a record increase since the inception in 2013. GameStop, Lenovo, Turtle Beach, Ford, and Ferrexpo lead the rise as undervalued stocks were discovere...

Societe Generale has reported deteriorated financial figures in 2020 due to the impact of Covid-19. This has pushed its valuation to the cheapest levels in more than five years, trading at only 0.23x book value. This means that there is a lot of upside potential if economic activi...

I look at five European banks that made it to the latest Dow Jones Sustainability Index. A comparative review of their financial indicators does not reveal a runaway winner but a couple of income play contenders. Value opportunity, Intesa Sanpaolo has had a respectable run through...

2020 is over and my portfolio returned -1.4%. This is a positive surprise considering a 34% drawdown in March during the first pandemic shockwave. Some stocks recovered strongly from their March 2020 lows while some are still lagging behind the market. Since the inception in 2013,...

Societe Generale (SCGLF) was ordered by a Swiss court to give up $150M deposited by Allen Stanford, who had been convicted of fraud eight years ago, and the bank was also reprimanded for failing to conduct proper due diligence before accepting the money.The bank "had to presume that the fund ...

EU banks may be allowed to pay dividends again next year if they can show regulators that their balance sheets are strong enough to withstand the economic and financial effects of the COVID-19 pandemic, the Financial Times reports, citing a senior European Central Bank executive.Back in March...

The lithium market has had a few challenging years, but interest in the battery metal keeps growing, with investors wondering how to profit from a space that is still expected to grow exponentially in the years to come. At this year’s Lithium Supply & Markets event, r...

Societe Generale ( SCGLF ) is not only one of the largest European banks but more importantly a globally systemically important bank. It trades on the French equity market Euronext and is also accessible for trading on the American OTC market. The bank trades at one of its lowest valuations, h...