Victor Pedersen @Miyoshi: "Hi everyone, The market has been..."

Denmark

Hi everyone, The market has been showing some interesting resilience lately. Despite the tech sector taking a breather in November and the ongoing debate around AI profitability, we're seeing capital rotate rather than leave the market entirely. It feels like a holding pattern while investors wait for clarity on rates, but the underlying bid remains strong. $UBI.PA (Ubisoft Entertainment SA) finally delivered some good news. They reported net bookings of €490.8m (up 39% YoY), beating their own guidance, and officially closed the investment deal with Tencent for Vantage Studios. This deal values the specific unit at €3.8 billion. Beyond just the cash injection, which significantly de-risks the balance sheet, this structure grants more autonomy to the teams behind Assassin's Creed and Rainbow Six. This separation is crucial because it allows creative talent to focus on product quality without the constant noise of the broader group's restructuring, which I think is much needed, and it will benefit them in the long run. I remain firmly on the side that Ubisoft is undervalued. It has admittedly been the only stock holding the portfolio back in recent weeks, but I'm confident this deal unlocks value that the current share price simply ignores. Elsewhere, I am taking full advantage of the recent volatility caused by AI valuation concerns. In my previous update, I flagged that this sector was overdue for a reality check. We are seeing sharp intraday swings, and I'm using these to adjust positions where the risk/reward makes sense. That said, the market remains elevated in terms of valuations, particularly across the $SPX500 and $NSDQ100, so my stance of being highly selective with my portfolio remains unchanged for now. My focus is strictly on quality over momentum. As always, thank you for copying!

Not investment advice. The author may have financial interests in the mentioned instruments.

3 Mentioned

UBI.PA

Ubisoft Entertainment SA

SPX500

NSDQ100

Strictly Necessary Cookies

Performance Cookies

Functional Cookies

Targeting Cookies