I trimmed my position in Pandora during this year after a strong rebound of the share price. It continued to perform very strongly and it is again time to decide about my rising Pandora position. The share price has just crossed my last fair value estimate …Continue reading “Thoughts on my rising Pandora position”
This time the most interesting content I stumbled over includes: A Must-Watch-Video!, Quality Shareholders, software, Big Lessons rfom History, Overton Window, Oil majors, our tax ignorance, …Continue reading “Food for Thought #18 // Links🔗”
On Nov 3rd, Pandora reported solid Q3 results. New lockdowns represent a risk, especially taking into account the importance of seasonal business within Christmas time.+
Below you find the most interesting investment-related content and thought-provoking articels I stumbled about in the recent past. Enjoy reads about: industrial land, reversion to the mean vs regime changes, tier 1 bonds, special situations,Continue reading “Links🔗: Food for Thought #13”
Below you find the most interesting investment-related content and thought-provoking articels I stumbled about in the recent past. Enjoy reads about: wonderful companies, capital allocation, pre-mortems, Grenke, stakeholder value, Nikola, Pandora A/S, SES SA, etc …Continue reading “Links🔗: Food for Thought (#11)”
Risk management needs strict rules. To limit potential harm from our emotions, errors and bad luck, the introduction and adherence to specific position limits and execution rules are very important. I am going to discuss some rules you might find useful below …Continue reading “The Importance of Position Sizing and Trade Execution Rules – Have You thought enough about it?”
From its intraday low on March 16th (DKK 182), Pandora rallied strongly with a performance until today (June 4, DKK 362) of +85%, more than +50% within the last month. Since Pandora represents a considerable position of my equity portfolio, I want to do a quick recap of my investment thesis and answer the question if a position resizing might be warranted.Continue reading “Quicky on Pandora A/S: After Strong Recent Performace is Position Trimming Needed?”
Pandora A/S (PNDORA DC) released its Interim Financial Report Q1 2020 today (May 5, 2020). January and February showed very encouraging sales trends, but then Corona hit the physical store networks. How did Pandora cope with the lockdowns?Continue reading “How did Pandora fare in Q1 with Corona hitting Physical Stores Hardest?”
Pandora A/S released its Trading Update on Monday, 16 March 2020. As could have been expected Pandora withdrew its former financial guidance in the face of corona virus and global economic fallout.
180 employees will leave Pandora as part of its Programme Now turnaround plan.Continue reading “News📰: Pandora AS Cuts 180 Jobs, Part of Strategic Reorganization”
Pandora A/S released its Q4 and FY 2019 Annual Report on 4th February, 2020. The market reacted negatively with Pandora down 2.5%, presumably to the FY 2020 guidance, with sales guidance meeting expectations but expeted margin falling below expectations. I read through the material and updated my former Valuation-post of Pandora.
Pandora will release its Anual Report 2019 on February 2nd, 2020. Since some analysts already revised their estimates upwards (Adj EpS, EpS GAAP, Revenue) after Pandora recently released preliminary Q4 Financials which were perceived very positive, I believe …Continue reading “Pandora will report FY 2019 on Feb 2nd”
January 6, Pandora A/S (PNDORA) released a Trading Update based on unaudited financial numbers for FY 2019 which market participants reacting very positive, sending the stock higher (+10%).Continue reading “Pandora: Trading Update for 2019”
Pandora, a Danish Company producing and Selling Mid-Priced Jewelry, most known for their charms concept, reported Q3 2019 results. Time to update my valuation. The Companys Management is trying to turn around sales trends, currently highly negative. If the turnaround will be successful is very uncertain, thus the Company trades at a Forward P/E of below 10 and out of 20 analysts only 3 give a buy rating. If it is successful there is a much higher valuation to be realized, …Continue reading “Pandora A/S DCF-Valuation after 2019-Q3”