As of April 30,2015, the Global X MSCI Argentina ETF has 15.8% of its portfolio in the four issues previously mentioned: BMA,BFR,GGAL,and IRS.
The recent poll numbers in Argentina look temporarily gloomy for the PRO candidates and for the Renewal Front; however,with the election in October,we are only seeing two- furlongs in a six -furlong race. Prefer a propensity for the closers with the late speed, and not the ones with the early speed who are exhausted through the stretch.
The Victory Front ticket far in front of the PRO Party (Republican Proposal Party ) in a poll in the province of Buenos Aires,- 41.7% to 24 %, with the Renewal Front at 16.8%._Panic to the downside has been somewhat muted, so far.
Some of the companies in the portfolio of SOIL are covered in the Financial Times article today.
There is an analysis of the economics of the potash industry with the two cartels and the relevant companies.
Recall when Nester Kirchner died suddenly of a heart attack in the fall of 2010, the stock market in Argentina responded with jubilation.No disrespect is intended, but am only stating a fact !
Recent trading sessions of the shares of GGAL,BMA.,BFR and IRS are pointing towards a change at the Casa Rosada with the October election for President of the Argentine Republic.
Do not have information as to whether the Central Bank will allow the banks to release the dividends to shareholders but the estimate of earnings keeps rising.
On the Bank of New York website, www.bnyadr.com, a dividend of .0236 was posted payable on 07-July-2015.
However, on the Fidelity Investments FAST system,a dividend of.032346 was acknowledged.
Am going to press the pause button in order to avoid any contentious discussions with you on this inflammatory subject. We stand on opposites sides of this historical period.
Hope that your investment decisions will be realized profitably.
Observations and facts that have appeared on the message boards of BMA,BFR, and GGAL by various commentators, myself included , have been accurately summarized by an article in today's FINANCIAL TIMES, by Benedict Mander, on page 6.
Stay on board this ship,as it is very likely to arrive safely in port.
The supporters of CFK have fired all their gunsover a wide field of opponents and the effect is minimal. Their ammunition is fast running-out. The Victory Front ticket is tied even more closely to the policies of this government, and the voters will most likely make this distinction by election day.
Astonished at your statement !
Our country should have sent an important and distinguished delegation to Moscow on May 9th, to honor the heroism of the Red Army,without whose valor and fury, the Second German World War could not have been won,unless we used the A-Bomb on Germany after it had proven itself in New Mexico.
Hitler should have paid attention to the calender,- Napoleon abdicated for the second time on 22-June-1815,- the same month and date his hubris was put in motion in the invasion of the U.S.S.R.
When Hitler invaded Russia, it bought time for the U.S. and England to prepare for our eventual triumph.
We need to be very careful before we start pointing an accusatory finger at other countries for their faults and for their failures. When you look at your closed fist, three of those fingers are pointing right back at you !
Oh, and by the way,- I hope you meet with success in all your investments.
Enjoy the rest of your day. It is a very beautiful one in Cambridge, Massachusetts.
On September 13,1988, Dukakis toured a General Dynamics plant in Michigan,fitted himself with an oversized green helmet, and stood inside the turret of a moving M-1 Battle Tank.There were comparisons to Snoopy and to Rocky the Flying Squirrel.
Next one up,- Maximo Kirchner.
comment on your observation of the across-the board drop in stock prices :
More clarity on the coming election- The Victory Front has improved its chances to retain control of the Pink House with a Scioli-Zannini ticket. It is not my opinion , but that of the investors and traders of Argentine equities. Drops of 30 % or more from the recent highs in March are difficult to admit, but there you are !
There is still time to rescue the country from the claws of the Kirchner supporters, as the presidential vote is not until October.
Take your calm-down pills and wait !
There was a bumper sticker in the Boston area, ' Dukakis For What ? '
I thought about that bumper sticker,when I read about the possibility of Maximo Kirchner on the Victory Front ticket. ' Maximo For What ?'
Another interesting,but not so unanticipated development in Argentina.
If the son of Cristina, Maximo Kirchner, is going to be the second half of the ticket with Daniel Scioli of the Victory Front(,former Vice-President under Cristina's husband, Nestor Kirchner, and Governor of Buenos Aires Province ), then the citizens who have opposed the Kirchner government and her policies are very likely to deepen and to harden their opposition to the Victory Front.That possible ticket will more clearly define the Victory Front in the October election with a continuation of the present policies of CFK.
The Argentine stock market is very nervous, and there are plenty of reasons for the case of the shakes !
Take your calm -down pills now !
A follow-up to the earlier e-mail on this message board:
The recent chart pattern of GGAL,BFR, and BMA can be superimposed one on top of the other,and it almost looks like one chart.
There is a slightly different look to the chart of Inversiones Y Representaciones ( IRS ),although IRS has an interest in an Argentine mortgage bank.
It is an overcast day in Cambridge,Massachusetts, and slightly humid too.
You will find a lot of postings on the Argentine stock market on the message board of BFR ( BBVA BANCO FRANCES), IRS ( INVERSIONES Y REPRESENTACIONES ), and BMA ( BANCO MACRO ). These Argentine stocks will tend to move together.