Get started
Prosegur Cash: Head and Shoulders and earningsH&S pattern and earnings outcome on July 31 may drag the price down to new historical minimum levels at 0.58, following long-term bearish channel. Also, second wave in Spain swelling may put pressure downwards on the stock price due to the company's main business: ATM's cash, which in covid19 days people are less keen on using physical money and prefer paying with card. However, Prosegur Cash is trying to keep floating capital with dividend reinvestments and buying its own capital. No analyst recommends to sell and 8 recommend to buy. Q1, CASH reduced profits 10.7% and made -3.9% sales. CASH also blames the currencies' effect to its earnings, so keep in mind that when covid exploded euro was up to 1.14 and now, after European Union took action with its funding 750.000 million, eurusd is up to 1.17. So watch out its Q2 earnings, but also get ready for Q3 in case Q2 are disappointing.
BME:CASHShort
by alexinve
LOGISTA: Shaping perfect bearish #headandshouldersAlthough its profits amounted at a record level last year 2019 at €165 million (+5.1% YoY), a head and shoulders figure appears in the short term maybe to drag the company to 14.10 zone at the end of July or beginning of August. Pharma logistics and convinience products division had a very good behaviour. EBITDA was €81.5 million (+11.3% YoY) However, in the first fiscal semester, LOGISTA experienced -11.8% profits YoY even though revenues have been stable. Ebitda is down -9%, although they've applied IFRS 16 and then it's up 1.6%, as a consequence of it. If the company decides to pay dividend as every year at the end of August, maybe LOG will go up for the dividend appetite from 14.19€ zone. It is important to note that payout in 2019 was 93.6% and in 2020 they've increased it to 95%. Big payout, folks!
BME:LOGShort
by alexinve
CAIXABANK: Approx. #Bearish #batpattern on its way & Q2 earningsThe bank's results are due on July 24th. JP Morgan and Wells Fargo saw sharp declines on profits (-51% and -71% respectively) yesterday and I expect Spanish banks will be unable to avoid them too. Besides, CABK has been the bank who's best performed in the short-term post-covid era, so we could expect bigger downward corrections than those in Santander or BBVA once their results come in. Barclays "saves" CABK and SAN's rating but still forecasts a -52% decline on profits for the sector although in my opinion, I expect -60% minimum. From the technical point of view, an approximated bat pattern is being formed and its figure may be ended either today or tomorrow at level 2.10-2.12. Once it is completed, the bank's share price may drop towards 1.80 level (0.5 Fib level) or 0.382 Fib livel (1.878) in case earnings readings are better than expected.
BME:CABKShort
by alexinve