Complete over-reaction in share worth as we speak at -5%.
Analysts jumped on the information with unfavourable spin; limitations now on extraordinary divs in future – true, however divs nonetheless distinctive ; and political interference doable with by-law modifications.So I did the smart factor and added to my largest place.
An extra 2-3% dip on open tomorrow could be compelling for these under-weight, why?
1. Inventory was over-bought so some information was going to take it again down briefly. We’re again to ytd highs from 10 days in the past !
What a drama !
2. Thursday twenty sixth , this week, we get the manufacturing report for Q3 which might be document breaking in lots of areas. Analysts will begin doing the maths.
3. Nov 9 we get the Q3 fins with document FCF and a big div enhance ($0.52+ my est), relative to Q2 ( $0.46)
4. Oil nonetheless bid, LatAM is far faraway from the geopolitical hot-spots, this regional oil producer goes to proceed to get bid increased.
5. Manufacturing development out for a number of years.
6. Nonetheless utterly undervalued relative to IOC friends.I proceed so as to add under $16, and hoping for an additional 3%+ dip on open as we speak Tuesday twenty fourth.GLTA
Analysts jumped on the information with unfavourable spin; limitations now on extraordinary divs in future – true, however divs nonetheless distinctive ; and political interference doable with by-law modifications.So I did the smart factor and added to my largest place.
An extra 2-3% dip on open tomorrow could be compelling for these under-weight, why?
1. Inventory was over-bought so some information was going to take it again down briefly. We’re again to ytd highs from 10 days in the past !
What a drama !
2. Thursday twenty sixth , this week, we get the manufacturing report for Q3 which might be document breaking in lots of areas. Analysts will begin doing the maths.
3. Nov 9 we get the Q3 fins with document FCF and a big div enhance ($0.52+ my est), relative to Q2 ( $0.46)
4. Oil nonetheless bid, LatAM is far faraway from the geopolitical hot-spots, this regional oil producer goes to proceed to get bid increased.
5. Manufacturing development out for a number of years.
6. Nonetheless utterly undervalued relative to IOC friends.I proceed so as to add under $16, and hoping for an additional 3%+ dip on open as we speak Tuesday twenty fourth.GLTA