ALBA
🚨 Reports indicate Albanesi Energía has suspended dividend payments, triggering investor concern and highlighting potential financial instability.
📉 The speaker strongly reiterates a long-standing warning to exit Obligaciones Negociables (ONs), citing Albanesi’s situation as a prime example of the associated risks.
⚠️ The risk-reward profile of Albanesi’s corporate bonds (ONs) is deemed unfavorable, with yields considered insufficient compensation for the inherent risks, especially compared to safer alternatives.
@marcosemmimfp:
“What happened with Albanesi? Supposedly, I received the email, and I didn’t see it, that supposedly they suspended the payment of some dividends, something like that. He said, ‘Well, look, I can’t pay.’ And well, it died. Let’s see, let’s see. Oh, I got angry already. These are things… it’s that you don’t like negotiable obligations. I already know. Look, I tell everyone, since you’ve known me I’ve been telling you, get out of the ONs, get out. If now someone comes along, I hear someone say, ‘But the obligation of… What happened with the ON of Pindonga?’ Today they asked me, ‘What do you think of the obligation?’ It’s not my fault anymore. It’s not my fault anymore. But well, I tell everyone, eh, guys, don’t… get out of the ONs, get out of the ONs. Why? Because the YPF one pays little to nothing, Galicia’s too. Albanesi’s pays 20% or whatever fortune you can think of. No, but I prefer to have some pesos there, assimilate the risk. Well, well. And betting on red is the same. Bet on 15. How mean I sound. No, but it’s true, man, because we… we… But Carboclor, dude. Look, we are doing here… We give people information, we don’t give them all the information, but we guide you quite a bit, we make it quite simple for you, and then you see if you do the opposite. You say, I… I feel now, I understand what my old man felt when he told me, ‘Don’t do that.’ I did it and then… pow, that’s how it is. Well, but these are things that sometimes the investor himself has to learn the hard way. Yes, but well, they always go for the rate whenever… no, no, it’s not the rate. There’s also another sector of finance that is selling you these things. Ah, obviously. I’ve been explaining it always. I always say, the guys, there are guys who have to sell you this, and I explained how the money transit and negotiable obligations work. I would say they are obliged to sell it to you and tell you, ‘Look what… look what I have. Look what I have, Carlitos. I have a great offer for you, Carlitos. 15% risk-free.’ It’s Leonardo DiCaprio sitting there in the office like, what an opportunity for you, very low risk. Now, of course, bidding this ON in the over-the-counter market. It’s exactly that, man. It’s exactly that. Worse. Clear. I never buy from you. Never. The good thing is that we bought ONs for something particular, for CPO issues or for issues of hedging against the dollar at the time or something. Eh, today, no way, no way. Besides, with the yields, I don’t even look at them.”
Watch the exact part of the video where @marcosemmimfp talks about Albanesi Energía S.A. here:
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Read more articles analyzing Albanesi Energía S.A. (ALBA) at the provided link. ALBA stock.
