There is a very select group within Spanish equities that is made up of securities that trade around or very close to 100 euros per share. They are not excessive but they do attract the attention of small and medium investors due to these special characteristics. To the point that it can retract to open positions thinking that they are very expensive values and has a psychological effect on their decisions. As you have surely experienced yourself at some point in your history in the investment sector.
Within this general context, there is no doubt that this group of Spanish national income can create a certain fear among investors. To the point that they do not become part of the titles that are on the radar of their operations. If not, on the contrary, their actions are not even considered for the opening of any kind of investment strategies. That is, they do not exist for your interests to make your available capital profitable.
But in this sense, it must be remembered that these values, by the mere fact of trading at levels very close to 100 euros per share, do not have to mean that they are expensive. This parameter is determined by other different variables. In other words, a company listed at 103 euros does not mean that it is expensive at the time, since perhaps it is the opposite: that it is cheap and represents a real business opportunity. But that by the mere fact of trading in the triple digits is out of our decisions to buy shares.
100 euros: are they expensive or cheap?
If Spanish equities are characterized by something, it is by having some listed with very high share prices. One of the examples of this trend is represented by Acciona that this barrier is within its reach in its price levels. And the result is that it is one of the most recommended values by financial intermediaries and what is more important: it shows a totally flawless upward trend in the medium and long term. Where it shows a potential for revaluation higher than that of companies that are listed in more limited figures.
But the truth is only one of the members of the Ibex 35 is the one that in the end exceeds the threshold of 100 euros per share, as is the case with Aena. While in the equity markets of our environment there are more proposals of these characteristics, as in specific cases of the German Dax or French Cac 40, which present more proposals of these characteristics even with much more striking margins than in the Spanish stock market. In other words, it is a trend that must be considered as normal and frequent in international equity markets.
Vidrala about to reach it
On the other hand, another candidate to reach 100 euros has also been added, such as the listed Vidrala. One of the classics among the most conservative or defensive investors and that is part of the investment portfolio of many of these people. Being one of the values of the national continuous markets that has appreciated the most in recent years, with an average and annual profitability around 5,5%. Above some of the blue chips of national equities. Although in the case of Vidrala with a significantly lower liquidity and that affects the fact of adjusting the entry and exit prices.
While on the other hand, another of the listed securities that are integrated into this special stock market group are some of the new companies that are integrated into the Alternative Stock Market (MAB). Although they are exposed to a dilution in their prices, as has happened in some of the best known values of national equities. To the point that these are currently trading at 20, 30 or 40 euros. But because this change in the pricing configuration has been implemented. Without major incidents in the technical aspect of these proposals of the national continuous market.
Dilution in capital
One aspect to consider in some of these proposals in the national equity market is of course the dilution of capital. With reference to this very special factor, it should be noted that in recent years Spanish companies that exceeded this threshold have opted to undertake a 'split' in their shares, as were the cases of Inditex and, a little later CAF. These actions have come to mislead the actions of small and medium investors. To the point that they may not know what is happening with these values and therefore they do not carry out operations in the squares of our country.
While on the other hand, it is also necessary to emphasize that this kind of operations are developed to be more competitive in setting your prices. So that in this way, small and medium investors can choose with greater guarantees in the purchase and sale of shares on the stock market. This is one of the main reasons why Inditex and other companies have opted for these stock market movements. With a direct effect on the prices that set the prices of these securities.
Values below 100 euros
Then there are another series of values that have not yet reached levels of 100 euros. If not, on the contrary, they move in the price of 70, 80 or 90 euros and that they are at the expense of assaulting these psychological levels. In this sense, it is enough to remember that there are other securities that are in these circumstances since they are listed much further still than the barrier of 100 euros per share. After Aena, Airbus, Barón de Ley, Acciona and Vidrala, the next company in the Continuous Market with the highest price per share is Amadeus. Precisely one of the great stars of the national equity market.
On the other hand, the rest of the companies listed on the Spanish stock market remain below the threshold of 50 euros per share. At the most frequent levels for people who are engaged in trading these financial assets. From BBVA to Endesa and through ACS or Ferrovial. A whole range of proposals to make the decision easier for small and medium investors in the coming months. Without having to go to stocks with such high prices and that can cause what investors call altitude sickness.
Savings in commissions of these values
Especially investors who carry out many operations a year, both aimed at the short, medium or long term, can take advantage of the flat stock market rates that are beginning to market more and more financial institutions and, which allow significant savings in terms of commissions for operations performed. Your rate is located between 10 and 20 euros per month approximately, and for a person who carries out a total of four operations per month, for example, the savings can be about 30 euros per month on average, which also helps to optimize the investment.
In any case, the flat rate on the stock market allows the user to carry out as many buying and selling operations as they want, as is the case with telephone or Internet rates. Although its application is not very widespread in the financial sector, it mainly covers banks and savings banks that operate over the internet and brokers, both national and international, which are the ones that provide the best conditions. They are useful, both to operate in securities that are levels of 100 euros and in the rest of the Spanish equities.
How to face the operations?
After having lowered the variable income in the last 12 months in little more than 3% it is logical to think that buying opportunities may appear in the medium and long term, also in these values with apparently so high prices. But this time always through a selective offer and cautious of companies that may have a positive behavior during the new trading year. Without being affected by the fact that they are currently listed at one price or another. Without influences to revalue or lose valuation in the law of supply and demand.
With growth potentials that may be in the same line as the rest of the proposals to invest in the national stock market. That is, with ratios ranging from 5% to 20% in some cases. At these levels, there would be room for additional increases up to the average valuation given by the market consensus for the shares of these listed companies. Without any kind of restrictions beyond those generated from its technical and fundamental analysis. So that in the same way, investors are in perfect conditions to make their available capital profitable. And if possible with a sensible improvement in your earnings.