EVENTS:   The Roaring 2020s or a Rerun of the 1970s? - Edward Yardeni/Yardeni Research - 24 Mar 26   Best Equity Short Ideas Conference Call 13 - Thomas Chanos/Badger Consultants & Dr. Aaron Fletcher/Bios Research & Jonathan Telgener/Channel Dynamics & Ed Steele/Iron Blue Financials & John Zolidis/Quo Vadis Capital & Mark Hiley/The Analyst - 26 Mar 26     ROADSHOWS: Chinese Equity Ideas & Channel Checks Across 50 sub-sectors - Don Ma /Horizon Insights   •   London   23 - 27 Mar 26       Long Short European Equity Research - Harry Grist /The Analyst   •   New York   26 Mar 26       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   27 - 27 Mar 26      
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Fortnightly Publication Highlighting Latest Insights From IRF Providers

Company Research

“Insider” sentiment is very bullish

Smart Insider

May saw more directors and senior employees buying shares than in any month since Mar 20 - activity was very similar to Feb and Mar 22, where in each month there were >1,000 insider purchases vs. a very low level of selling (<300; Jan-May selling is -20% below 2020 levels), with a Sell/Buy ratio of 0.25 (<0.4 is bullish). Sweden, UK and Germany saw the most buying. Out of the 26 stocks that Smart Insider upgraded last month, the majority were in Industrials, Financials and Consumer Discretionary. Large May purchases (>€1m) in positive ranked stocks include Bank of Georgia Group, Corporacion Financiera Alba, Hemnet Group, Ratos, S&T, Skanska and Valmet.

Edition: 137

- 10 June, 2022