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BRIDEGEWATER vs. DAIMLER

ที่อัปเดต:
Few Minutes after German Stockmarkets closed on friday China´s Geely annouced that it had bougth 9 Billion USD Daimler stake equal to 106 Million shares. In the past 4 weeks BRIDGEWATER sold short up to 9 Million Daimler shares and still having 7.2 Million short sold Daimler shares to cover. Daimler is lagging of major longterm investors. Until now only Kuwait's sovereign wealth fund en.wikipedia.org/wiki/Kuwait_Investment_Authority owns 6,8% of DAIMLER´s outstanding shares.

Daimler was up after hours 1,3% on Friday. All eyes are now on Daimler on mondays and next weeks trading.

Based on a stockmarket prices at 70.41 Euro Daimlers Dividend Yield is 5,10%. Geely will recive a yearly divident payment by a half billion USD per year. This is more than enough to pay donw a 10 Billion loan slowly. Daimler is well known as an underpriced and undervalued asset. The Daimler story will add expactations that more M&A activites in Germany´s DAX stocks might show up now. This is a huge miss from BRIDGEWATERs perpective of view or depending od BRIDGEWATERs predictions.

Sources:

China's Geely Buys $9 Billion Daimler Stake bloomberg.com/news/articles/2018-02-23/china-s-geely-is-said-to-be-buying-9-billion-stake-in-daimler
Geely builds 9bn stake in Mercedes owner Daimler
Latest expansion of ambitious Chinese carmaker behind Volvo and Lotus ft.com/content/68c57048-18c1-11e8-9376-4a6390addb44

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