Sabadell is undervalued with respect to its books. Target Price set at 0.20€ with error margin of 10% (down to 0.18€ level), being it 0.13 times its book value. Expecting to reach it on June 8 and from there, launching a 50-60% pull-back until June 16. After that, hostile territory. It can either correct downwards or take off up to 0.4-0.47 level.
Interesting performance of the bank. Spanish socialist-left political environment, Brexit and IRPH trial results to be known either next week or the first of February may affect negatively the company. However, in June 2019 news of Sabadell reducing its exposition -43% to IRPH and expecting an impact of €800 million instead of €1,600 million from Bankia or €6,446...
Dear all,
Here's a quick trade short term that could play out the next week. There was a huge sell off few weeks ago, so that enhances the probabilities for the pattern to play out.
PROS:
- European Central Bank just whispered (not official) that the the 12th of September they will announce new measures to enhance liquidity and that a possible escenario could...
