Financial Market Analysis & Investment Research Partly open
AFK Sistema (AFKS) – Ozon as collateral and +391.6% in gold
Since our first report on AFK Sistema, the gold investment has yielded a return of 391.6%, and the ruble-denominated forecast, set back in 2023, has been met. Over the past year, the holding company pledged its stake in Ozon to VTB Bank in exchange for 320 billion rubles, faced a downgrade in its credit ratings, and for the second year in a row, decided not to pay dividends. We’ll break down how the wave count has been refined and what it means for investors who measure returns in gold and rubles.
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- the full set of indicators and market factors;
- an interpretation of the current picture;
- conclusions and the signals that follow.
