The volume of contracts is what determines in a certain way which are the values of Spanish equities that enjoy or not the predilection on the part of small and medium investors. But it is also a very powerful parameter to know the forgotten ones of the Spanish stock market. Because in effect, there are a series of values that are not included in the selective index of national equities that may involve business opportunities for the next few months. In some cases, through listed companies that until very recently had a very prominent name at the time of trading.
It is therefore convenient that we look at these very special proposals because we may find some gems that are very followed by small and medium investors. To try to respond to this need that many retailers have, we are going to reflect some values that show this special characteristic. But for many reasons do not have the favor of the financial markets or at least not with the intensity they should be right now. In any case, these are securities that are integrated into the sector of small and mid-capitalization companies.
This is a business segment that is distinguished by its low liquidity and its main drawback is that it is more complex to adjust entry and exit prices by small and medium investors. Like for your higher volatility in the equity markets to set their prices. Because it is true that they present large differences between their maximum and minimum prices and that on some occasions they usually exceed levels of 5%. In addition, they are not very followed by financial agents and it is much more difficult to have a reference to determine in the end what your target price is. With the main objective of developing some other kind of investment strategy to make the invested capital profitable.
Natra penalized for excesses
This is one of those values that have come of more less in recent years. It was one of the leading values by the most speculative investors a few years ago. But if predilection has been descending to minimum levels in your hiring. In any case, at any moment it can emerge again, it is already linked to one of the most bullish commodities in recent years, such as cocoa. To the point that it can give more than one joy to small and medium investors. Although certain precautions will have to be taken to avoid unwanted situations in the coming months.
In any case, this is a security to take positions in the shortest term and that requires a substantially different treatment from the rest of the listed companies. While on the other hand, it is also a value to carry out very low-value operations due to the risk involved in its movements. Due to the high volatility in the conformation of its prices and that therefore shows a notable divergence between its maximum and minimum valuation.
Azcoyen reinforced by its dividend
This is another of the stock securities with the longest history in the national equity markets and which led to many investors who trusted their positions. At any time you can go to the group of the most contracted securities on the stock market. This fact is explained because it offers one of the higher dividends In our country. With an interest rate above 9%, which is saying a lot at the moment. Because it means a very high level of liquidity every year and that will go directly to your savings account balance.
On the other hand, it is waiting for a sign of strength to take positions from then on. With a goal that can be very important due to its enormous upside potential which can lead to more aggressive investment strategies than with other proposals in the equity markets of our country. With the additional return that the dividend that it distributes among its shareholders will offer you. As an additional element for any kind of systems to make the capital invested up to that point profitable.
Ebro one of the most stable values
It is another of the old values that have been integrated into the selective index of national equities. With a very high contracting volume and that was higher than many of the great proposals in which to invest our money. But for many reasons he abandoned them to stay in this situation for a long time. While on the other hand, it generates a dividend with a profitability around 3%. In other words, it is minimal compared to other proposals on the Spanish stock market.
We must also emphasize that this market value is a very safe bet to configure our next portfolio of securities. Due to the stability that is generated in their prices and that contributes that a very stable savings exchange can be created for the medium and especially long term. Not surprisingly, there are very few differences in the conformation of their prices and therefore there will be no choice but to be very patient in the results of operations. Never for operations of a speculative nature and for which there is another series of values to choose from to formalize purchases.
Atresmedia waiting for the hikes
If there is a sector in the equity markets that is not going through the best of its moments, that is none other than the one represented by the audiovisual communications media. Materialized by Atresmedia which is currently in a clear downward trend and with one of the lowest prices in recent years. But that at the same time presents a higher revaluation potential, as long as there is a change in your trend, going from bearish to bullish and therefore would give a complete turn to its prospects in the equity markets.
Logista a value to keep
It is a bet on Spanish equities more to maintain than to buy or sell. However, at this time we would wait for any retracement again to increase positions in the stock. Because it can display an important upward trend at any moment from which we must benefit in our open positions. In any case, it is very remarkable to assess that your target price is around the 24 and 25 euros. That is to say, still with the capacity to obtain capital gains in the movements that we could take in this very complex period for small and medium investors.
Logista increased its Revenue figure by 6,7% to 4.764,6 million euros thanks to the good general performance recorded by the activity and the change in the accounting criteria for Revenues in Portugal, to align them with the rest of the Group. Excluding the effect of this change, which only affects the Income figure, these increased by 4,5%
Economic Sales also grew by 4,1% to 567,4 million euros compared to the first half of the previous year, with increases in all businesses in Iberia and France, as well as a slight decrease in Italy. It is worth highlighting the growth in convenience products in all countries, in Logista Pharma and in the Transportation area.
As usual, Logista maintained its strict cost control policy, which increased by 2,4%, below the growth registered in Economic Sales. As a consequence, Adjusted Operating Profit (Adjusted EBIT) increased 10,5% to 126,1 million euros, Operating Profit (EBIT) grew 7,6% to 93,6 million euros and the margin on Economic Sales rose from 20,9% to 22,2%. The restructuring costs, due to the adaptation of the infrastructure in France to the new level of activity, were much higher than the previous year, so that the Net Profit stood at 74,1 million euros, registering a growth of 5 % compared to the first half of 2018.
Azkoyen back in orbit
Grupo Azkoyen, a Spanish multinational based in Navarra, has obtained a net profit of 9,5 million euros at the end of the third quarter of 2019, which translates into an increase of 4,8% compared to the same period of the previous year. The net amount of the Azkoyen Group's turnover has also increased with respect to the first nine months of the previous year by 6,3% (similar percentage at constant exchange rates) to reach 106,6 million euros. This growth is due to the good performance of the Time & Security division, which has increased its sales by 11,1%, as well as the Payment Technologies division, which has registered a 6,6% rise.
If we analyze the consolidated turnover by region, in the first nine months of the 2019 financial year, 18,8% of the turnover comes from Spain, 75,7% from the rest of the European Union and 5,5% remaining from other countries in which the Azkoyen Group has a commercial presence. This geographical distribution of the turnover reiterates the international character of the Azkoyen Group. On the other hand, the gross margin in percentage increased (from 43% in the previous year to 43,5% today), with a different mix of businesses and products.