equity reports

Iberdrola buybacks operations

Blackrock second shareholder in Iberdrola with 5%

Blackrock, the largest fund manager in the world, has raised its holding in the electricity company to 5.008% from the 4.998%  it held, and remains the second largest shareholder behind the sovereign wealth fund Qatar Investment Authority (QIA).

Cellnex Telecom reports growth of 15% in revenues

Cellnex Telecom Reports Growth Of 15% In Revenues And 20% In EBITDA During Q1 2018

Cellnex Telecom has presented its results for the first quarter of 2018. Revenues amounted to € 217 million (+15%) and EBITDA was € 101 million (+20%). The comparable net result closed at € 11 million, in line with the close of the same period in 2017, thereby taking into account the effect of the higher amortisations (+30% vs. 1Q 2017) and financial costs (+51% vs. 1Q 2017) associated with the growth of the group and the consequent expansion of its geographical footprint.

The current certainty on dividends

Dividends: There Is Now Certainty…

The fact dividends in the Pharmas and Food & Beverages sectors are increasing and are well covered for the next three years is not up for discussion. In such a way that their high yield actually reflects a buy at low share price levels (buy-in-the-dip opportunity) in those big, safe sectors.

The year has just started with the banking sector rising strongly

A Very Good Start For The Banking Sector

The year that has just started looks like one of those textbooks opportunities which appear by magic at the beginning of a new year. The banking sector has risen strongly, only beaten by Metals&Mining and Automotive. For Alphavalue’s experts this ranking suggests we are not facing a shift in fundamentals. All the protagonists in the banking sector are clearly confirming that it’s not just a case of rediscovering a handful of quality names.

Unicaja an investment opportunity

Spanish Small & Midcaps: Unicaja

Unicaja Banco offers a good investment opportunity which we consider is interesting from a price angle. UC is trading at a discount close to 50% – in terms of Price/Tangible Book Value – with respect to the main domestic banks (Caixabank, Bankia and Sabadell).