Greetings! Since September, Surgutneftegaz shares have been in the spotlight, which means it’s a great time to trade.
What happened to the company in September? The fact is that the company has about 3 trillion rubles in foreign currency on bank deposits. The company receives a small percentage of this money and pays dividends. The company itself is valued, judging by its shares, more than 2 times cheaper than the money it has. Here’s a thing.
It is important to note that interest on deposits overlaps with income from operating activities. Oil, gas – this is all nonsense, the main thing is deposits.
So, Surgutneftegaz created a subsidiary company LLC “Rion” in order to invest its money and receive a higher percentage on it. It became known just at the beginning of September and the actions reacted:
The action became a hit parade, drawing attention to itself. This is what I need to trade.
There is a fundamental idea that resonated with the market. Now there is a technical signal for trend trading:
The small stop loss results in an excellent risk / reward ratio of 1/4.
Risk = 1%. Stop 34,000, profit about 39,000.
Now you can tighten your stop and cut the potential risk in half:
I take 2% of the profit:
Something is moving slowly, a decrease is quite possible. I decided not to risk it and to close what is.
Not an investment recommendation. The author is not an investment advisor.
Author: Ivan Mochalov.
Criticism, thanks and questions in the comments are welcome! :))