VTB - Short

Alex0nder Updated   
TP 1 - 0,0256
TP 2 - 0,0168

VTB is one of those instruments that hangs on the powder keg of debts and losses. The profit they draw is only a small part of the truth.

I will keep the short until goal 2 is reached.
Add SL 4%
In the crisis of 2022, the net loss of the entire VTB group reached 613 billion rubles.

2023 - VTB's net profit according to International Financial Reporting Standards (IFRS) in the first half of 2023 amounted to 289 billion rubles

Total 324 losses at the moment. The price of this promotion has not unreasonably increased

What are the risks:
- The bank is less technologically advanced and its solutions in the Russian market lag behind standard banks
- The company's problems are repeated from year to year, the management is extremely inefficient
- The war is not over, and the credit burden is increasing.

My opinion is that the shares are not worth the current prices.

This deal is in the black, I'm waiting for my goals
I didn't tell anyone, but I'm still holding the shorts, since the paper was dispersed on currency devaluation. Strategically, this paper will fall and I'm sticking to this strategy until the end of the year. All this time I pay for the maintenance of the short position and formally sit at a loss.


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