If there is a bullish value at the moment in Spanish equities, it is none other than the OHL construction company that has been reborn from its ashes. To the point that it has been revalued in slightly more than 40% in the little that we have this year. And that despite the fact that the different analysts in the market still do not trust the value and therefore none of them are betting on taking positions at this time. But the real fact is that the stock market continues to rise and rise and at the moment it seems that it has not peaked.
One of the events that have led him to this very special situation is the realization of a corporate operation by which the brick company has allowed to become part of its share capital to the British group HSBC which has taken a 5,06% stake in OHL's capital. A fact that has encouraged a good group of investors to open positions in the value in these first weeks of this year. Now we only need to know how far this buying pressure will go, which has surprised the active agents in the national equity markets.
As a consequence of these important movements in the value, the price of their securities have gone to the upper part of the bearish channel. In other words, it has skyrocketed in its price from the side channel in which it had been moving for almost a year. With the intention, at least in the short term, of heading towards the significant resistance it has at just two euros for each share. At whose levels it would be time to adjust their prices with high cuts in the configuration of their prices on the stock market. With one of the best momentum of the securities that are integrated into the national continuous market.
OHL: late to enter
In any case, everything seems to indicate that it is a bit late to enter the value since it has developed a good part of its uptrend. Where small and medium investors have more to lose money than to make their savings profitable in the next trading sessions. Not in vain, the construction company advances despite the doubts it offers about public works that arise from the hand of the new government constituted in Spain. Because there is no doubt that its upward path may be more limited from now on, no matter how much in previous sessions it has appreciated in a single day above 6%.
While on the other hand, its hiring volume seems to be decreasing in recent days and may be a small clue about what its evolution will be in the next few days. From this point of view, without a doubt that it can be a bullish trap in which a good number of small and medium investors can fall. Therefore, be very careful with making buyer movements these days as there may be surprises in the short term. It's no wonder there are very few recommendations going for you right now.
More to sell than to buy
Within this general scenario, it is not one of the best options to make the savings profitable. If not, on the contrary, you have to take your positions very cautiously from now on, in the face of what may happen in the equity markets of our country. In this sense, only a break in resistance with some slack could encourage some strategic purchases in the stock. But only from a speculative point of view and certainly not to create a stable savings exchange for the medium and especially long term.
In another vein, you cannot forget about the great volatility surrounding its evolution in the equity markets these days. Because this value is very sensitive to developing very contradictory movements in the financial markets due to its ease of facing one or the other movement with special ease. With rises or falls in the configuration of their prices of up to 6% in a single session on the stock market. Something that is more difficult to find in the more stable values of the selective index of national equities, the Ibex 35.
Funds sell their stake
Another aspect that should be assessed is that some of the large investment funds are beginning to undo their OHL positions to collect their high accumulated profits since the beginning of the year. This fact may cause prices to correct in the next sessions on the stock market and significant depreciations may occur as a result of this exit in the financial markets. Where the most harmed will undoubtedly be small and medium investors when they are immersed in possible downward processes in value. As these are eminently speculative operations by these investment funds.
While on the other hand, fact is not a good sign for the construction company to continue rising in the markets, at least with the same intensity as in recent weeks. In what is also configured as a correction movement in the face of the excesses generated so far this year. Because indeed, it cannot be forgotten that going up around 50% in almost a month is an exceptional fact in the equity markets. Beyond the technical aspect that it presents in these precise moments and that can reduce credibility to these important increases that have taken place to receive the new year.
High-level corporate movements
Nor can it be forgotten that OHL is undergoing a strong transformation in its management organization chart and it will be necessary to wait a period of time to reveal how it is interpreted by the markets. Because he can occur some other surprise that affects the interests of small and medium-sized investors and that may catch them unexpectedly in the coming weeks, with very unforeseen reactions. From this point of view it is not a value to be positioned, at least those retailers with a more conservative or defensive profile who wish to preserve their savings over other series of technical considerations.
On the other hand, it must also be taken into account that its current uptrend is not very reliable from a technical point of view. If not, on the contrary, it is a value that in recent months has moved by impulse and that therefore can give more of a surprise to small and medium investors from now on. It is a factor to take into account before a possible entry into its shareholding and due to the special characteristics of the stock market value itself. Where it is preferable to wait to take positions right now. Not surprisingly, there are many euros that can be lost in operations due to the movements that may develop in the equity markets.
Just as we must consider the fact that this is a security that has a great desire to stay in their positions. If not, on the contrary, it is more immersed in speculative values than in the rest due to the characteristics it presents now. That is, if you are in profit it is preferable to close positions and go to another value of the continuous market of our country. So that in this way a slightly clearer investment strategy can be promoted in terms of the objectives being pursued at the moment. The benefits that have accumulated since the beginning of the year must not be allowed to run, since the risks are very high in all the periods of permanence. More than in other proposals of the national stock market.
New contracts in the Czech Republic
OHL will participate in two new contracts in Czech Republic for an amount close to 50 million euros. It involves the construction of a new pavilion for the Emergency Department, the? Eské Budejovice Hospital, and various works on the railway line that connects the towns of Sobleslav and Doubi, in southern Bohemia. The first of the projects has a budget of about 38 million euros and will be developed in a joint venture. It will house operating rooms and postoperative rooms, a new sterilization center, additional hospitalization areas, intensive care units and spaces for outpatient care.
On the other hand, the area for the use of personnel and ambulances will be expanded. The new building will have an area of 3.044 square meters built that will be added to the 3.696 square meters already existing. Furthermore, the second of the contracts focuses on the railway sector, where OHL has a leading position. The actions, whose award amount amounts to 10,7 million euros, will be carried out on the Sobleslav-Doubi railway section and will focus mainly on earthworks, concrete structures and drainage networks.