¿Habéis visto el Ibex35...? Diciembre 2013 el último mes del año de las subidas.
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ane agurain
Madmaxista
yo venderia ya liberbank en +11%
ponzi
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Una apreciación sobre Alba
Con la venta de prosegur y acs han pasado de una deuda neta de 144 mill en el 4 trimestre de 2012 a una caja neta de 159 mill en el 3 trimestre de 2013.
Sumando sus participadas en bolsa (2311 mill) + 159 mill que tienen en caja = 2470 mill...Tan solo esto ya valen un 2% mas que la capitalización actual
Comprando Alba hoy en dia nos regalan
mecalux
pepe jeans
panasa
roca
flex
ocibar
lazora
encampus
+
11 oficinas en Madrid
3 en Barcelona
1 Sevilla
Debe haber como 500-1000 mill ocultos, 52-60 eu por acción
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Con la venta de prosegur y acs han pasado de una deuda neta de 144 mill en el 4 trimestre de 2012 a una caja neta de 159 mill en el 3 trimestre de 2013.
Sumando sus participadas en bolsa (2311 mill) + 159 mill que tienen en caja = 2470 mill...Tan solo esto ya valen un 2% mas que la capitalización actual
Comprando Alba hoy en dia nos regalan
mecalux
pepe jeans
panasa
roca
flex
ocibar
lazora
encampus
+
Tienes que estar registrado para ver este contenido
11 oficinas en Madrid
3 en Barcelona
1 Sevilla
Debe haber como 500-1000 mill ocultos, 52-60 eu por acción
ane agurain
Madmaxista
ROCA???
la quebrada?
---------- Post added 30-dic-2013 at 05:38 ----------
el rallie? no sé, aquí se descorchan botellas todos los días.
la quebrada?
---------- Post added 30-dic-2013 at 05:38 ----------
el rallie? no sé, aquí se descorchan botellas todos los días.
ponzi
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es otra
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---------- Post added 30-dic-2013 at 12:45 ----------
Han vendido prosegur, por eso tienen caja neta
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A lo simple le han sacado una TIR de un 11,2% en 12 años
En ACS conservan un 16%.
Alba es de las empresas mas fáciles de analizar, los March dejan todo el trabajo hecho
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En Acerinox tienen un 23%
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egarenc
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no nombre la bicha, que me la gafa y además mosquea a Sin_Per 🙂
---------- Post added 30-dic-2013 at 12:48 ----------
ponzi, continuamos sin ver sus imagenes
ni PePe ni PeSOE
Madmaxista
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Imtech pa dentro o esperamos a ver como empieza el año?
:S
:S
ane agurain
Madmaxista
prisa-vocento-antena3 pinchan
y zeltia perdiendo el soporte de largo por pelos
y zeltia perdiendo el soporte de largo por pelos
ponzi
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No carga bien las imágenes...lo copio a mano
16% ACS = 1279
23,5% ACERINOX = 564
11% INDRA = 220
8,2% EBRO = 213
20%ANTEVENIO = 2,8
20% BAVIERA = 31,4
Solo con las cotizadas ya se estaría pagando su capitalización y eso sin contar la caja neta.Ahora mismo con Alba nos están regalando las no cotizadas mas las oficinas de Madrid,Barcelona y Sevilla
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Por técnico da la impresión de ir a buscar su directriz por la zona de 40euros.
Esta me la apunto, vaya que si me la apunto.
Es usté un sustancia ilegal señor ponzeto.
Janus
Será en Octubre
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me gusta Prisa a 0,36 euros.
---------- Post added 30-dic-2013 at 13:18 ----------
Se dice y es comúnmente aceptado que los holdings coticen con un descuento sobre el 30% de la suma de las participadas. No es tan sencillo, salirse a precios de mercado cuando no se tiene participaciones mayoritarias.
---------- Post added 30-dic-2013 at 13:18 ----------
Se dice y es comúnmente aceptado que los holdings coticen con un descuento sobre el 30% de la suma de las participadas. No es tan sencillo, salirse a precios de mercado cuando no se tiene participaciones mayoritarias.
ane agurain
Madmaxista
a mí a 0,365 ó 0,354
son los 2 puntos de re-entrada que me he dado despues de salir en 0.41 :
:veo que apuntamos en el mismo target
ponzi
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Alba es de las acciones mas sencillas de analizar
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En los informes trimestrales lo dan todo mascado
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A traves de diferentes sociedades los March controlan casi el 70% del capital, es su propio dinero asi que no se la van a jugar ni haciendo inversiones alocadas ni emitiendo acciones a lo orate.
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De hecho en cuanto pueden recompran acciones
Repurchase Of Common Stock (2009,2010,2011)
La cuestión es que si vale 55-60 cuanto mas abajo se compre mayor sera la rentabilidad
Tener la pasta en la misma dirección que los March en España es un extra bastante importante
[YOUTUBE]PPms3-8k4SA[/YOUTUBE]
---------- Post added 30-dic-2013 at 13:35 ----------
las cosas valen lo que valen, lo tengas en una sa,sl,sicav....
Cuando venden acciones de prosegur no las venden con un 30% de descuento. El poder comprar algo con descuento por el mero hecho de ser un holding es un plus
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Janus
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Esto está muy bien.
Coal
Trends in thermal coal prices differ across basins as the end of 2013 nears. PRB coal pricing continues to improve. Since the end of October, Western Rail PRB coal swaps have gained 14% to almost $12 per ton. This represents a 19% gain since the start of the year. In comparison, Central Appalachian coal futures have only gained 2% since the end of October to nearly $56 per ton. This represents a 4% decline since the start of the year. We believe PRB coal will carry this positive momentum into 2014, with pricing expected to continue to strengthen. Metallurgical coal pricing has slightly improved from lows seen in the third quarter, although pricing remains weak. We continue to expect that recovery levels will differ among the various U.S. basins, with western U.S. thermal basins (primarily Powder River Basin) outperforming both eastern U.S. metallurgical and thermal operations.
Year-to-date thermal coal prices are finally showing signs of improvement. Through the third quarter, prices continued to see weakness even as natural gas prices rebounded from 2012 lows below $2 per mmBTU to almost $3.70 per mmBTU (at one point reaching over $4 per mmBTU). In response to the increase in natural gas prices, electric utilities shifted back to increased coal-burn. As of September, inventory levels have reached approximately 150 million tons, significantly below the approximately 180 million tons at the start of the year. On the whole, utilities seem to be nearing more desired inventory levels. At current gas prices, western U.S. thermal coal continues to be an attractive alternative, as demonstrated by the increased coal burn. In general, Powder River Basin is attractive at natural gas prices of $2.50-$2.75 per mmBTU and Illinois Basin is attractive when gas is at $3.25-$3.50 per mmBTU. In comparison, Appalachian thermal coal only becomes attractive at natural gas prices of $4.50-$5.00 per mmBTU. Unsurprisingly, thermal coal has seen better recovery in the western U.S. basins. Regions closer to the PRB have returned to about 60% coal burn whereas regions farther away have continued to rely heavily on gas, as transportation costs have negated PRB coal's price discount to natural gas.
As seen in the precipitous fall of metallurgical coal prices from 2011 highs despite consistent growth in steel demand, the metallurgical coal markets are operating with excessive supply. As high-cost producers suffer worst during weak pricing, we believe Appalachian thermal coal is undergoing a secular decline where the ill effects can only be mitigated by further production rationalization. Although higher selling prices (compared with thermal coal) help Appalachian metallurgical coal producers absorb the region's high production costs, we do not expect prices to improve unless supply is rightsized. Production cutbacks in China and the U.S. and export declines in Mongolia, Colombia, and the U.S. are starting to reduce this seaborne oversupply. However, the problems caused by oversupply will be exacerbated if Chinese demand growth slows from a reduction in fixed-asset investment.
We are optimistic for a recovery in domestic thermal coal, and believe that despite continued near-term weakness, there are positive signs of improvement with electric utilities nearing desired inventory levels and prices improving. We continue to believe lower-cost regions such as Powder River Basin and Illinois Basin are likely to see a recovery much sooner and much better than the high-cost Appalachian region. We are not so hopeful for domestic metallurgical coal, as U.S. supply sits on the higher end of the cost curve and the industry currently suffers from oversupply. Therefore, we are more enthusiastic about Cloud Peak Energy and Peabody Energy, who have leading positions in the Powder River Basin and no exposure to Appalachia. Given exposure to Appalachia (in spite of Arch’s second-largest position in the Powder River Basin), we are less excited for Arch Coal. With Consol Energy’s sale of five West Virginia longwall coal mines, the company has effectively transformed itself into a natural gas company.
---------- Post added 30-dic-2013 at 13:40 ----------
me gusta barclays en short.
Coal
Trends in thermal coal prices differ across basins as the end of 2013 nears. PRB coal pricing continues to improve. Since the end of October, Western Rail PRB coal swaps have gained 14% to almost $12 per ton. This represents a 19% gain since the start of the year. In comparison, Central Appalachian coal futures have only gained 2% since the end of October to nearly $56 per ton. This represents a 4% decline since the start of the year. We believe PRB coal will carry this positive momentum into 2014, with pricing expected to continue to strengthen. Metallurgical coal pricing has slightly improved from lows seen in the third quarter, although pricing remains weak. We continue to expect that recovery levels will differ among the various U.S. basins, with western U.S. thermal basins (primarily Powder River Basin) outperforming both eastern U.S. metallurgical and thermal operations.
Year-to-date thermal coal prices are finally showing signs of improvement. Through the third quarter, prices continued to see weakness even as natural gas prices rebounded from 2012 lows below $2 per mmBTU to almost $3.70 per mmBTU (at one point reaching over $4 per mmBTU). In response to the increase in natural gas prices, electric utilities shifted back to increased coal-burn. As of September, inventory levels have reached approximately 150 million tons, significantly below the approximately 180 million tons at the start of the year. On the whole, utilities seem to be nearing more desired inventory levels. At current gas prices, western U.S. thermal coal continues to be an attractive alternative, as demonstrated by the increased coal burn. In general, Powder River Basin is attractive at natural gas prices of $2.50-$2.75 per mmBTU and Illinois Basin is attractive when gas is at $3.25-$3.50 per mmBTU. In comparison, Appalachian thermal coal only becomes attractive at natural gas prices of $4.50-$5.00 per mmBTU. Unsurprisingly, thermal coal has seen better recovery in the western U.S. basins. Regions closer to the PRB have returned to about 60% coal burn whereas regions farther away have continued to rely heavily on gas, as transportation costs have negated PRB coal's price discount to natural gas.
As seen in the precipitous fall of metallurgical coal prices from 2011 highs despite consistent growth in steel demand, the metallurgical coal markets are operating with excessive supply. As high-cost producers suffer worst during weak pricing, we believe Appalachian thermal coal is undergoing a secular decline where the ill effects can only be mitigated by further production rationalization. Although higher selling prices (compared with thermal coal) help Appalachian metallurgical coal producers absorb the region's high production costs, we do not expect prices to improve unless supply is rightsized. Production cutbacks in China and the U.S. and export declines in Mongolia, Colombia, and the U.S. are starting to reduce this seaborne oversupply. However, the problems caused by oversupply will be exacerbated if Chinese demand growth slows from a reduction in fixed-asset investment.
We are optimistic for a recovery in domestic thermal coal, and believe that despite continued near-term weakness, there are positive signs of improvement with electric utilities nearing desired inventory levels and prices improving. We continue to believe lower-cost regions such as Powder River Basin and Illinois Basin are likely to see a recovery much sooner and much better than the high-cost Appalachian region. We are not so hopeful for domestic metallurgical coal, as U.S. supply sits on the higher end of the cost curve and the industry currently suffers from oversupply. Therefore, we are more enthusiastic about Cloud Peak Energy and Peabody Energy, who have leading positions in the Powder River Basin and no exposure to Appalachia. Given exposure to Appalachia (in spite of Arch’s second-largest position in the Powder River Basin), we are less excited for Arch Coal. With Consol Energy’s sale of five West Virginia longwall coal mines, the company has effectively transformed itself into a natural gas company.
---------- Post added 30-dic-2013 at 13:40 ----------
me gusta barclays en short.
ane agurain
Madmaxista
tiene ustec una cadencia de posteo que ni una ametralladora :
que estamos de vacaciones!
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pirivi-parava
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colonial está a un empujoncito de pegarse una inmersión por los fondos, romperá el eurillo, 0.98?
ponzi
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Teneis que ver el documental de los march, ver como han funcionado durante el ultimo siglo es algo impresionante.Son gente que se mueve como peces en el agua en cualquier escenario.Por cierto Janus tienes buen ojo,en un % muy alto alli donde pones el gatillo meses despues se da la vuelta al ev y pepinazo al canto
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perecid
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no :no:
ni PePe ni PeSOE
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Janus, podrías resumir ese artículo carbonero con un gift?
O con lo que sea, vamos, es para asegurarme de que lo he entendido bien😀
Thnaks, Master