Russneft – net profit growth
"RussNeft's net profit according to RAS increased 4 times in the 1st quarter of 2024 and amounted to 12.29 billion rubles against 2.99 billion rubles a year earlier"
The management of Russneft does not exclude the possibility of paying dividends on ordinary shares when the situation with the debt burden is normalized. Improving financial performance increases this probability, which will push the company's shares up.
TAKE PROFIT
Since October 2023, Russneft shares have been experiencing a positive long-term trend with high volatility. Since April 9, there has been a local correction in the shares, which has already amounted to about 30%. At the level of 200-205 rubles, there is strong resistance and the Fibonacci level, which can stop the decline and increase the probability of a rebound.
We believe that the shares are capable of rebounding to the level of 230 rubles (+13% of the current price of 203 rubles).
STOP LOSS
Do not forget about risk management and portfolio diversification. The local trend is negative, and the transaction carries increased risks. Therefore, the calculation of the portfolio share per transaction and the stop level is especially relevant. If the price is fixed below 190 rubles, then the growth forecast of the paper is canceled.
The stop order[1] can be placed at the level of 197 rubles (-3% of the current price of 203 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/
