Cobas AM: Nueva Gestora de Francisco García Paramés

Hombre yo no digo comisión 0%, hay ciertos gastos, pero cuando llega una crisis como la actual, y ves a  directivos de multinacionales bajarse el sueldo cantidades importantes, ves que sus intereses están verdaderamente alineados. Todo lo demás son habladurías.

Si. 

Tenia Moderna, NVAX e INO. Y vendí las dos primeras con las megasubidas sacandoles 89% a la primera y 119% a la segunda en cuestion de dias. INO la tengo desde 14, me he comido un -60% pero ya ha recuperado, y la voy a aguantar a ver como va, esta metida en muchas otras cosas a parte del COVID y Trump les ha inyectado un pastón en estos ultimos dias. En todas tengo muy poquito metido, no mas de 2,500 nunca porque tienen una volatilidad que da miedo. 

De las de tests tengo ahora:
QDEL a +40% va como un tiro
y la alemana DRW3 que no va muy bien -20% 

Y la que tengo desde mucho antes del COVID que se está forrando es MASI, supersólida, fabrica los detectores de oxigeno que son tan demandados en hospitales. Pegó una bajada el 12 de marzo arrastrada por los mercados, que aproveché para doblar. 

Yo igual, llevo la misma pasta que tu porque con estas ya me he llevado algún palo en el pasado y son peligrosas no, lo siguiente. Entré tarde, hace pocos días pero al menos estoy en verde. Quien la hubiera pillado antes!!! Creo que en INO Bill y Melinda Gates también están metiendo bastante pasta.

Sobre los comentarios del otro día sobre Airbus y si es una buena inversión o está mejor o peor que Boeing. Comparto un debate interesante en el foro de la acción. Me ha gustado en concreto la intervención de @neeraj, la dejo por aquí para quien pueda interesarle:

 https://www.rankia.com/foros/bolsa/temas/2344293-airbus-group-air-seguimiento-accion?page=42#respuesta_4588753 

A este paso compramos TEF a 2€ y BBVA a 1,5€

Los presupuestos de 2020 han quedado caducos y presentarán directamente los del 2021.

A finales de este mes sabremos la situación 'real' dado que se tienen que presentar las previsiones a la UE antes del 30 de abril

La tramitación de nuevos presupuestos suele ser antes de octubre, si lo que se busca es que sean aprobados antes de finales de año, por lo que en verano ya tendremos indicios de las políticas a aplicar. Veremos lo que entienden por politica expansiva

Felicidades!!! has conseguido la Independencia Financiera?

Tampoco es eso , ya que a los que estamos ya desde el principio  nos conviene que sigan captando nuevos clientes ... seria mas bien que cree un fondo "tipo banco malo "  donde meteria a todos los clientes que estan desde el inicio y que quieran seguir  por bastante tiempo  a cambio de unos bajos costes  (entiendo que las posiciones ya estan hechas los gastos hacia la gestora serian minimos).

Pero bueno entiendo que esto es hablar por hablar ... ya que  viendo la marcha se clientes institucionales  de toda la vida poco se puede esperar.

Vaya, me alegra ver que hay cualificados que consideran que TGP nunca más volverá a aumentar el dividendo a los niveles que tuvo hasta 2016.

Dudo mucho que pase de 0,45$/quarter




Moody's ; Liquidity boost from increased cash distributions to Teekay is credit
positive
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~`
On 16 April, Teekay Corporation said it expects higher cash distributions from one of its two subsidiaries, Teekay LNG
Partners L.P. (TGP), a credit positive. The distributions are set to increase by 32%, effective as of the first quarter of 2020. However,
there is no effect on the company’s ratings at this time, including the B2 rating on the senior secured notes. Positive progress towards
restoring needed cash distributions from subsidiaries, albeit unlikely to return to prior historical levels The development is credit
positive because it strengthens Teekay’s liquidity profile. Teekay relies on its subsidiaries to upstream cash to support its financial
obligations, given its small standalone operating asset pool of three floating, production, storage and offloading (FPSO) units.
Progress towards restoring needed cash distributions from subsidiaries, but it is unlikely to return to historical levels. The
development is credit positive because it strengthens Teekay’s liquidity profile. Teekay relies on its subsidiaries to upstream cash to
support its financial obligations, given its small standalone operating asset pool of three floating, production, storage and offloading
(FPSO) units. The upstream cash from TGP will increase to about $27 million from $20.4 million, making this TGP’s second consecutive
year of raising its distributions to Teekay. This is the result of TGP’s improving cash flow profile as its newbuild deliveries (on long term
contracts) have come on line. However, the distributions remain substantially lower than Teekay received historically, including over
$100 million from TGP. These cash sums, while not contractually mandated, are a key credit consideration and unlikely to be restored
to historical levels in the near term.
Higher cash distribution follows recent FPSO contract renewals that will improve Teekay's cash flow stability. We expect
Teekay to have adequate liquidity to support its standalone debt obligations and G&A expenses into 2021. The liquidity profile benefits
from the improved revenue visibility of Teekay’s standalone cash flows following recent renewals of its FPSO contracts. The Foinaven
FPSO is on a new contract of up to 10 years that included an upfront cash payment of $67 million. The upfront cash was partly used
to replenish cash applied to repaying the company’s remaining (stub) portion of its January 2020 bond maturity of $37 million. Teekay
also previously extended its Hummingbird FPSO contract for 3.5 years to March 2023 and revised the payment terms to a fixed price
structure. These factors, along with TGP’s distributions, $123 million of cash on hand and $54 million of revolver availability should
provide adequate coverage of Teekay’s standalone financial obligations through at least 2020. The revolver availability nonetheless
fluctuates with equity market values of the subsidiaries.
The new FPSO contracts provide more cash flow stability than previous contracts that had more cash flow volatility, structured with
a fixed rate and variable bonus/tariffs tied to production volumes and oil prices. The FPSOs are nonetheless vulnerable to unplanned
maintenance and other shutdowns, including the temporary shutdown of one FPSO in April 2020 related to the coronavirus.
Long-term contracts support prospects for cash flow and upstreaming to Teekay. Teekay’s underlying LNG contracts should
continue to support its ability to de-lever on a consolidated basis, with total debt-to-EBITDA estimated in the high 5x range (including
our adjustments) through 2021. TGP is benefiting from deliveries of LNG newbuilds that have started generating cash flow under long
term contracts averaging about 10 to 12 years. This is evidenced by TGP’s and Teekay’s return to consolidated positive annual free cash
flow after a negative four-year period. The contracts partly mitigate looming demand pressures in Teekay’s underlying conventional
tanker markets, operated through Teekay Tankers, Ltd. (TNK, unrated). TNK is likely to face weakening global demand for tankers in
the coming months amid a growing oil glut, the coronavirus outbreak and deteriorating macro conditions. However, the company
is benefiting from the recent OPEC-related global oil price dislocation that drove up tanker demand, amid more measured capacity
growth and floating storage, and tanker pricing conditions. This, along with TNK’s improved liquidity and operating performance over
the past year, as a result of stronger tanker market fundamentals, should help cushion against the downside risk for tanker demand in
the near term.
www.moodys.com/...