Bashneft, JSC – record dividends are expected
"Bashneft earned half of its net profit in the third quarter for the first 9 months"
Oil prices were trading higher in Q4 than in Q3, which determines a successful 4th quarter in terms of profit. Bashneft regularly allocates 25% of its profits to dividends. Accordingly, we can expect a 2-digit dividend yield based on the current share price.
TAKE PROFIT
Shares of Bashneft, JSC have formed a growing channel. Resistance formed inside the channel at the level of 2,300 rubles, which the shares overcame and went up. We believe that the growth of shares will continue to the upper limit of the channel with a target of 2600 rubles (+8.5% of the current price of 2400 rubles).
STOP LOSS
Do not forget about risk management. It is recommended to buy a share for no more than 5% of the account, because the paper is not liquid enough. If the price is fixed below 2,100 rubles, the scenario with further growth of the paper is canceled. The stop order[1] can be placed in the range of 2340-2280 rubles (- 3.5-5% of the current price of 2400 rubles).
[1] Risk management includes: setting a certain type of stop loss at certain levels, a position set method, a position reduction method, holding certain timings for decision-making and is of an individual nature, based on your personal risk profile. If you have any questions, you can contact our trader for advice (Portfolio Consultant package at the link https://eraperemen.info/priobresti/).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
