This week The Strategic Portfolio of elEconomista.es has had few changes, with current stock market exposure remaining at 100% after the latest movements.
Among the highlights of the week is that one more dividend has been collected, that of Cellnex, which continues to have a symbolic size. They have been 0.046 euros per sharewith which in total 25 euros have been added to the dividend pool. The next one, already facing June 2025, could begin to gain a certain size after the strategic shift of the tower, which brought forward the start of dividend distribution to 2025 once leverage has begun to be reduced.
Beyond this, the most notable movements of these days have been the falls of 3 and 4% that Dominion and Santander have suffered, respectively, compared to the 3.5% that Acerinox has recovered.
For its part, BBVA has remained in green territory since its purchase. However, its price is highly conditioned by the evolution of the takeover bid. The obstacles that the CNMC could put in place could derail the operation, something that, paradoxically, would be good for its price, at least in the short term, since the necessary capital increase would no longer be discounted.
Without going any further, would have to go up 20% from its current price to return to the level where it was trading before officially presenting the takeover bid. Analysts are more optimistic and see it even 5 points higher.
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