Mentioned
Frontline PLC
FRO
-0.3100 (-0.81%)
38.11
38.14
Keshav Lohiya
Keshav Lohiya
United Kingdom
3mo
Hi all, A frustrating month. We were able to bounce from the April declines but not this month. We should be down -4% MTD. This is our first down month of the year and 2nd in 12 months. We have made a few pivots. Reduced our chemicals exposure as the constant Iran / US ceasefire headlines causes a lot of volatility. But the fundamentals remain the same, as the Strait of Hormuz is still closed after 90 days. The 2nd and 3rd order effect from this conflict will be huge. We have added $FRO (Frontline PLC), for those who’ve copied us for a long time, this was a huge outperformer for us. We exited previously during the Hormuz crisis as we thought oil trade would grind to a halt. But the oil markets are very versatile as new trade routes emerge. Frontline had a great Q1 and an even-better Q2 is expected. We have got in at similar levels we last sold and should get a juicy dividend in June.
Not investment advice. The author may have financial interests in the mentioned instruments.
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FRO
Frontline PLC
38.14
-0.3100 (-0.81%)
1 Mentioned
Frontline PLC
FRO
Frontline PLC
1 reply
1 reply
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