01-04-2014, 05:47 PM
This thread is to discuss a Europe Bank Recovery Play.
Intesa SanPaolo is a bank from Italy.
This is a link to the bank. http://www.group.intesasanpaolo.com/scriptIsir0/si09/
Over the last one year, the stock has appreciated 119%.
However I believe there is still potential for a 300% growth.
The bank posted a hefty loss for 2013, sort of like a kitchen sink year.
A new CEO has come on board.
The bank has unveiled a business plan for 2014-2017.
This could be a recovery play in terms of dividends as well as a recovery play on Italy.
The upside if we were to look at the five year chart is a recovery to around 6 Euro level
In a way this will be like the play from 2004-2007.
I guess this will take around 2-3 years to play out, so, i expect it to hit around 6 Euros per share by 2017.
Full Disclosure : I am long Intesa SanPaolo
This link below has more charts and the press release which I have based my calculations on
http://sgx-stocks-sti.blogspot.sg/2014/0...paolo.html
Intesa SanPaolo is a bank from Italy.
This is a link to the bank. http://www.group.intesasanpaolo.com/scriptIsir0/si09/
Over the last one year, the stock has appreciated 119%.
However I believe there is still potential for a 300% growth.
The bank posted a hefty loss for 2013, sort of like a kitchen sink year.
A new CEO has come on board.
The bank has unveiled a business plan for 2014-2017.
This could be a recovery play in terms of dividends as well as a recovery play on Italy.
The upside if we were to look at the five year chart is a recovery to around 6 Euro level
In a way this will be like the play from 2004-2007.
I guess this will take around 2-3 years to play out, so, i expect it to hit around 6 Euros per share by 2017.
Full Disclosure : I am long Intesa SanPaolo
This link below has more charts and the press release which I have based my calculations on
http://sgx-stocks-sti.blogspot.sg/2014/0...paolo.html