Caution: Preliminary Research – not an investment advice
What yesterday looked like a good long, today looks like even better one after the security took a 5% hit today.
What we're looking at: Gazprom mispriced at the fundamental level, giving a chance to almost double – according to the research, one could anticipate an appreciation of anywhere between 82 and 106 per cent. The implied target price range is between RUB 230.51 and RUB 260.73.
Investment horizon: months
Distressed: no
Alternative strategy:
Buy September's call option on Gazprom futures at 20000 (I'd go for more, but there aren't any), if you can find a counterparty.
Wish you x's, fam
What yesterday looked like a good long, today looks like even better one after the security took a 5% hit today.
What we're looking at: Gazprom mispriced at the fundamental level, giving a chance to almost double – according to the research, one could anticipate an appreciation of anywhere between 82 and 106 per cent. The implied target price range is between RUB 230.51 and RUB 260.73.
Investment horizon: months
Distressed: no
Alternative strategy:
Buy September's call option on Gazprom futures at 20000 (I'd go for more, but there aren't any), if you can find a counterparty.
Wish you x's, fam
Comment:
Gazprom ended up recovering some of the loss, and closed at -3.91% on May 18th, 2017