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?(=) Bank of Spain governor calls for the tax on banks be used to reinforce their balance sheets (Expansion p16)

(=) The Government calls on banks to provide more aid to mortgage holders (Cinco Dia p11)

Investment Strategy?(+) The Ibex index rose 0.52% to 9,238 along with European bourses (Expansion p20)

(=) The Madrid region will recover the tax on wealth while deciding how to compensate the wealthy (Cinco Dias p23)

Logista??(=) Net profit of €272m +36.9% in its year ended in September on revenues of €12.428bn +8.4% and operating profit of €293m +10.1% (Expansion p8)

Macro??(=) The number of companies incorporated in September fell 1.5% YoY, with those liquidated falling 12.9% (National Statistics Institute)

Rovi??(=) Revises up its estimate of annual revenues again (Expansion p10)

Telefonica???(=) 9m23 net profit €1.262bn -15% on revenues of €30.499bn +1.4% and flat OIBDA of €9.595bn (Expansion p5)

(=) Telefonica’s new strategic plan guarantees dividends of €6.9bn through 2026, with annual EBITDA growth of 2% and 10% in cash generation (Expansion p3)

(=) Telefonica’s LatAm assets are on sale (Expansion p4)

*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).