Boardroom Talk – Kokkie and Sean agree that European banks are the place to be buying right now

By Alec Hogg.When we met in Cape Town on Friday (click here for the interview), UK-based value manager Sean Peche took some trouble to explain why European banks have been unfairly tarred with a dirty American brush. Peche says he's buying the Europeans but keeps avoiding the US financials like the plague..His one-time colleague Kokkie Kooyman weighed in with similar sentiments yesterday when dropping clients a note headed "How safe is Deutsche Bank". But, like Sean of Ranmore, the Denker Capital guy is comfortable that Credit Suisse was an outlier and that the selloff in the shares of European banks makes them an even more attractive buying opportunity..___STEADY_PAYWALL___.Kooyman reckons the final client loss of confidence in Credit Suisse was predictable as it was always a weak link. But: "Yes, Deutsche hasn't covered itself in glory over the past ten years, but its management team has done a lot to improve the business model and balance sheet and even the income statement dynamics.".SA's leading financial services investment analyst continued: "I'll wager on Deutsche Bank (and Commerz and Socgen) coming through the crisis OK. I wouldn't invest in them though – there are better and safer banks that will rebound more". Kokkie's European favourites are Swedbank, TBC Bank, Erste Bank and Bawag. Worth checking out his fact sheet…..PS The BizNews portfolio has a slice in a European Financials ETF. We will be discussing the holding at noon today in the monthly webinar. It's for Premium subscribers only – click here to register..More for you to read:.New data show Amazon, Microsoft and Google have thousands of AI specialists, but they're still playing catch-up to a tiny team at OpenAI. Click here.A distinctive feature of Russian military policy is an express willingness to introduce nuclear weapons into an otherwise conventional war – read why Putin's 'tactical' nuclear threats have raised alarm. Click here. Moore's law changed our lives forever – remembering the man who coined the law, and examining what really made Moore's law a law after all. Click here..In this recording of his keynote to the 5th BizNews Conference, a global investment specialist poses a question that's quickly answered but rarely acted upon. With a few notable exceptions, financial advisors tend to steer their clients towards the 'safety' of portfolios managed by big management houses – but as Peche argues here, that security is primarily for the advisor themselves. As the world's most quoted investor Warren Buffett continuously reminds us, the size of a portfolio is an anchor to its growth. In this excellent presentation, Peche uses rationality and data to argue why Buffett is right, explaining why better returns will flow from re-assessing.

Boardroom Talk – Kokkie and Sean agree that European banks are the place to be buying right now

Related Stories

Deepfakes, boiler rooms, and bully tactics – The truth about FXSI: the scam targeting the BizNews tribe

Boardroom Talk: Berkshire after Buffett, the $373bn cash pile, and refusing to chase AI hype

Boardroom Talk: BN Portfolio Mag7 shine brightly in Q1

Boardroom Talk: Tesla’s big AI leap, Sasol’s oil surge and Teledyne’s quiet dominance