Phosagro – increased tax burden and lower prices for phosphorus fertilizers
"The Ministry of Finance has proposed to increase the MET for producers of mineral fertilizers by 2 times"
Lower prices for phosphorus fertilizers and an increase in the tax burden can have a significant impact on the company's ability to generate free cash flow and pay dividends.
TAKE PROFIT
From the end of September 2023 to the middle of May 2024, Phosagro shares were in a sideways movement. After breaking through the support at the level of 6,500 rubles. stocks accelerated the downward movement. We believe that the target of the stock movement is the level of 5,500 rubles (-10% of the current price of 6,100 rubles).
STOP LOSS
Do not forget about risk management. If the price is fixed above 6,500 rubles, the scenario with a further fall in the paper is canceled. The stop order[1] can be placed at the level of 6250 rubles (2.4% of the price of 6100 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/
