Predictions
Bank of Ireland Group
Start price
Target price
Perf. (%)
€9.21
03.11.14
03.11.14
€15.00
20.04.15
20.04.15
14.66%
20.04.15
20.04.15
Westpac Banking ADR
Start price
Target price
Perf. (%)
€23.90
03.11.14
03.11.14
€25.40
12.12.14
12.12.14
-8.97%
12.12.14
12.12.14
Panamax AG
Start price
Target price
Perf. (%)
€4.88
31.10.14
31.10.14
€2.22
08.04.15
08.04.15
35.35%
08.04.15
08.04.15
Probably not worthwhile Investment
EBIT decline/stagnation expected
Lower EBIT Margin than peer group
High valuation
TLG Immobilien AG
Start price
Target price
Perf. (%)
€10.84
29.10.14
29.10.14
€11.92
18.03.15
18.03.15
34.48%
18.03.15
18.03.15
TLG Immobilien AG
Start price
Target price
Perf. (%)
€10.84
29.10.14
29.10.14
€11.92
29.04.15
29.04.15
35.20%
29.04.15
29.04.15
Swiss Life Holding AG
Start price
Target price
Perf. (%)
€178.84
29.10.14
29.10.14
€200.00
14.11.14
14.11.14
0.93%
14.11.14
14.11.14
Berkshire Hathaway Inc. B
Start price
Target price
Perf. (%)
€110.44
29.10.14
29.10.14
€119.00
25.11.14
25.11.14
7.75%
25.11.14
25.11.14
National Bank of Greece SA
Start price
Target price
Perf. (%)
€319.65
26.10.14
26.10.14
€300.00
31.10.14
31.10.14
-10.42%
31.10.14
31.10.14
American International Group Inc.
Start price
Target price
Perf. (%)
€41.09
24.10.14
24.10.14
€44.00
24.04.15
24.04.15
27.16%
24.04.15
24.04.15
Berkshire Hathaway Inc. B
Start price
Target price
Perf. (%)
€109.50
24.10.14
24.10.14
€120.00
04.12.14
04.12.14
9.60%
04.12.14
04.12.14
Commerzbank AG
Start price
Target price
Perf. (%)
€11.64
23.10.14
23.10.14
€17.00
28.04.15
28.04.15
5.67%
28.04.15
28.04.15
Standard Investments for future growth
Normal challenges to pay loans and raise capital
Capable Management
Differentiated customer and product portfolio
Bank of America Corp.
Start price
Target price
Perf. (%)
€12.96
22.10.14
22.10.14
€18.00
11.11.14
11.11.14
6.75%
11.11.14
11.11.14
Could be very worthwhile Investment >20% year
Revenue growth >5% per year expected
EBIT growth >5% per year expected
Fair valuation
Goldman Sachs Group Inc.
Start price
Target price
Perf. (%)
€139.45
18.10.14
18.10.14
€153.00
31.10.14
31.10.14
7.21%
31.10.14
31.10.14
JPMorgan Chase & Co.
Start price
Target price
Perf. (%)
€44.42
18.10.14
18.10.14
€48.00
31.10.14
31.10.14
7.25%
31.10.14
31.10.14