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.
Carrefour has announced a transformation plan to restructure its business over the next five years and turn around the current weak trend in its results.
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.
Ryanair’s share price rose 85% in the period between the Brexit vote and August 2017. But over the last few months, it has seen falls which have brought it close to the minimum levels reached immediately after Brexit.
Deutsche Bank’s shares fell again yesterday (-0,97% added to the 5.16% drop on Friday) after releasing a profit warning for the 2017 fiscal year. This is due to the negative impact of the tax reforms in the US and worse figures in investment banking as a result of low trading levels.
Ence has signed agreements for the sale of 100% of its targeted pulp production in 2018. The news has already had a positive impact on the share price.
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).
Applus+ has reiterated its 2017 targets for maintaining revenues and operating margin in line with 2016 figures, with a significant decrease in gearing expected. Its 9 months 2017 results show the continued pressure on the 0il & gas industry.
Hochtief has launched a €18.76 cash or share offer on Abertis, raising speculation around a potential price war between Atlantia and Hochtief.
Renta 4 | Gestamp is a direct supplier for the main global light vehicle manufacturers. It makes the key components of any car: bodywork, chassis and mechanisms. It’s one of the few suppliers with global capacity and has a market share of around 15%.