A head start in Spanish equities

Also available in Spanish, see next article.

First of all, let’s be clear. The following is not investment research/advice.?And, as such, it involves no investment recommendations. These are notes I take to keep myself current on newsflow regarding Spanish equities. I share them freely (and not just as regards price). As always, I am only trying to help. Please read the rest of the “discomplainer (*)” at the end of the article.

Stories in alphabetical order?

Banks sector??(-/=) The devaluation of the Argentine peso will impact on Santander and BBVA (Expansion p18)

Cellnex Telecom??(=) Expects to grow in Spain via radiodifusion and optic fibre (Cinco Dias p3)

Grifols?(=) Will unify its two classes of shares in order to improve liquidity for €600m (El Economista p5)

Hotels??(+/=) Tourism GDP will exceed €200bn for the first time in 2024 having contributed 12.8% of GDP in 2023 (Expansion p29)

Iberdrola?(=) Doubles the size of its alliance with Norges Bank with an additional 1,300MW (Expansion p6)

Investment Strategy?(-) The Ibex index falls 1.26% to 9,867, with investor pessimism weighing on the market (Expansion p21)

(+/=) The Constitutional Tribunal leans toward cancelling the measure taken by the last PP government limiting the ability of corporates to offset profits with accumulated losses (Expansion p26)

(-/=) The Minister for Labour wants to intervene in the wages of corporate managers (Expansion p27)

(-/=) Government debt rose €3.344bn in November to €1.575tn (Expansion p27)

Naturgy? (=) According to the Chairman of Naturgy, Blackrock will give his company stability and is known by the company, with Naturgy being open to corporate transactions if they create value and that a decision to take the company private belongs to the shareholders (Expansion p3-4)

*The above information has been read/understood/summarised/evaluated/copied as well as I could to provide a guide to Spanish equities (as part of a personal research project on the impact of information transparency on the market i.e. “derecho de cita”), given available timing/intellectual constraints, and I accept no liability for misreading and/or mistranslating the original copy (which I urge you to check, as I am only trying to point you in the right direction, I hope). As for what you may decide to do, after reading the above, please contact your legally approved provider of investment advice on Spanish equities. Feel free to copy (but remember to check the original first).