The Breakout Trader: Mota-Engil Africa

 I am posting another entry from the Blog The Breakout Trader. This entry is about the Construction sector Portuguese Mota-Engil company and its African subsidiary Mota-Engil Africa. The company is preparing a first floatation in the Capital Markets with an IPO in the London Stock Exchange, and The Breakout Trader analyses the share price behaviour in the near term as well as looking to the weeks ahead. For the Portuguese audience please check the link at the bottom. Here it is an English translation:

''Mota-Engil is to proceed with the initial public offering (IPO) of its African subsidiary, which will be listed on the London Stock Exchange.In a statement to the CMVM the construction company announced that this operation will be carried out through two offerings, a "preferential" and other "institutional". Thus, the preferential offer "Mota-Engil Africa allocate new shares to all investors who hold shares of the parent - Mota-Engil SGPS - until tomorrow, 17 June, which is leading to a rush for the purchase of shares Mota-Engil which now rise 4.15%. A parallel run of an institutional offering will happen, which will show the number of shares increase if demand for shares in preferred not cover the entire offer.Investing in Mota-Engil Africa seems to me to be a good alternative for those who want to be exposed to the growth of the African continent. In addition to the shareholder remuneration proposal which is quite generous the company intends to achieve a payout ratio between 50% and 75% and is now guaranteed a cash dividend of 20%, approved by the shareholders of Mota-Engil. Moreover, Mota-Engil Africa will benefit from being listed in an index with greater visibility than the national and aimed more at the construction sector.For shares in Mota-Engil, as already stated in the previous analysis, this separation is rather negative, given the strong impact that billing obtained on the African continent has to the group accounts. Recall that, according to the latest annual report, the activity in Africa accounted for over 40% of the turnover of the parent company.Tomorrow being the last day for the purchase of shares entitled to participate in the IPO, I believe that the shares of Mota-Engil can continue to value in tomorrow's session. After that, we are witnessing a correction in the titles, because we are close to the resistance given by the annual maximum € 6.25 / € 6.40.

The Breakout Trader: Amanhã será o último dia com direito a participaçã...: A Mota-Engil vai avançar com a oferta pública inicial (IPO) da sua subsidiária africana, que passará estar a cotada na bolsa de Londre...

The Breakout Trader: a post on AUDNZD

I will post today a translated version of an entry in the Portuguese Blog The Breakout Trader by trader Nuno Mello. If you want to check the original please follow the link bellow the text.

 ''During the night , the RBA decided to keep the interest rate unchanged
at 2.50% and maintain its neutral position, supported by the fact that
the inflation projection for the next two years , remain stable at 2-3 %.
 Data about current account, higher than expected (Acts AUD -5.7 bn vs Exp CHF -7 million) also helped boost the AUD.

 I follow with particular interest , the pair AUDUSD but once lateralizes
within a descending channel ( lying at this point exactly halfway
between the lower and upper limit ), I decided to look for other pairs
with AUD. The AUDNZD pair was the pair chosen for my analysis today.
 Now everyone knows my pessimistic view regarding NZD. Technically AUDNZD is a very interesting situation, having activated a head-and- shoulders reversed last Thursday.
 This pattern took nearly six months to form and its theoretical target is quite ambitious : 380 pips. In
my opinion the AUDNZD has the potential to go test at least the level
of 61.8 % fibo of descent moves that began in late October last year and
finished in January this year'' 

The Breakout Trader: AUDNZD....

The Breakout Trader: Irá a C.G.D. ......

Today's the Blog (Portuguese) The Breakout Trader on an interesting story about the company Inapa Investimentos e Participações SA and the possibility of nationalisation or forced acquisition by the State Bank Caixa Geral de Depósitos following the threshold set by its participation in Inapa rights issue. The Portuguese Markets regulator CMVM is looking at the issue, and in case Caixa Geral de Depósitos is forced into the deal, it would be cumbersome for the Bank and its commitment with the Troika after the Memorandum of Understanding stated that it should be selling everything in its books not related with its core business. Interesting to follow in the coming weeks or so.

The Breakout Trader: Irá a C.G.D. ser obrigada a lançar uma OPA sobre a...: A Inapa é a empresa líder no sector da distribuição de papel em Portugal e também uma das acções em destaque, no dia de hoje, na bolsa naci...

The Breakout Trader.

I would like your permission to post here today this as a  bilingual entry. The link refers to the Portuguese Blog The Breakout Trader. With subject matter: S&P 500 Large Caps, Mid Caps and Small Caps estimated earnings reports. These results will be known later today.



The Breakout Trader: Calendário com as estimativas dos resultados das e...: O seguinte calendário (fonte Ransquawk) tem as estimativas de resultados para as Large Caps, Mid Caps e Small Caps do mercado americano, qu...