Good evening!
I’m summing up my portfolio. I made an UPD to the last post, let me remind you that on February 24 I bought 60 stocks of TCSG with an average of 2738 RUB. I sold almost all the currency at the level of ~84 RUB in order to directly buy stocks and reduce the margin level. By the way, regarding margin trading, now the founder of Tinkoff, due to the increase in the Central Bank rate, has increased the fee for holding leverage, almost 2 times. For example, if you hold a leverage of 300k, you pay about 17% per annum. In connection with this, I will try to close it in the near future; the interest rates have become very large and have raised the level of the initial margin. Portfolio - https://intelinvest.ru/public-portfolio/210131, leverage 190k.
Zynex released a report that was quite positive, apparently that is why the position continues to lie at almost -60%. Net profit for 2021 = 17 million (expected 15), EPS = 0.446, growth 82% y/y. The information about the loss of revenue from UNH turned out to be true, but only partially. Zynex will not experience any decline in revenue. The company had an excellent 2021, with a PE of only 13.5 at current prices. According to forecasts, we expect an increase of another 20-60% in the next 2 years.
I think everyone is aware of the situation on our exchange, I will only say that I don’t recommend running to buy dollars at 110, if you didn’t manage to do it at 80. As I wrote in the previous post, now, in my opinion, much more interesting income can be obtained in Russian stocks. In London, Sberbank immediately fell to 1 euro cent, now it costs a little more than 3 RUB at the current rate. TCS on the London Stock Exchange at the time of writing is about 400 RUB per share. I cannot suggest what prices will be at the opening of the Moscow stock exchange and what the discrepancy will be with London. If previously TCS and TCSG differed only in currency and were essentially the same thing, they cost the same, now there is a fear that the Central Bank is taking drastic measures in a crisis, it can do anything, including extending the authority for payments on receipts in London, I just want to and am closing the shop. I don't play in the sandbox with you anymore. This is what a free market is like. In any case, I believe in Tinkoff Bank. It is private, has not received sanctions and receives its main income in the Russian Federation. Perhaps there will even be a plus due to the flow of clients from other sanctioned banks. Let's see what happens at the opening of MOEX.
Hong Kong is still in silence, we are waiting for March reports. Interactive Brokers panics more than our newsmen and almost daily sends notifications that it will be out of business due to force majeure and sanctions. And he will freeze I/O if he is told so from above. In this whole situation, it’s very funny that the most protected asset turned out to be one that I previously didn’t even consider an asset, but rather a hit or miss lottery - cryptocurrency. Firstly, everything is denominated in dollars = 100% protected from devaluation of our national currency. Secondly, there are no risks of blocking. Binance, for example, is Chinese, but we don’t seem to be in conflict with China yet, and even if something happens, you can always withdraw crypto in any direction - through another crypto and another company or cash, there are many more ways to exit than from the same stocks. Ether on a cold wallet can generally be sent in any quantity to any exchange and only when there is a need to sell it. Well, the volatility of the exchange rate itself. Sberbank fell on the London Stock Exchange 50 (!) times (times, Karl!) in 2 weeks. In crypto, only shitcoins fly like this; the main currencies have not landed for a long time, more than 80%. In general, there have been a lot of topics for thought lately.
Portfolio in % (Tinkof for London TCS is taken into account at market 400 RUB per share):
1) Redsun 18.85%
2) TCS 17.78%
3) KWG 13.57%
4) Times 12.02%
5) Zynex 8.98%
6) Baozun 7.06%
7) Yandex 4.29%
8) Baidu 4.1%
9) MOMO 2.25%
Reports
March 2, 2022