Hello to everyone. I will make a brief evaluation of FENER shares traded in Borsa Istanbul.
The last time I posted on this subject was 6 days ago. At that time the price was 31.42 TL. Today's closing price was 33.34 TL.
After the championship and league rankings were determined, the price went down to around 21.50 TL. In fact, it was an excellent opportunity for investment. But when the money situation in those days was not suitable, I missed that opportunity.
Today, the price has changed between 30.62 and 33.52. And it closed with an increase of 5.98%. So it still offers good opportunities for both trading and investment. Nowadays, I think stock is pricing the expectations in the new season structuring. The club has a presidential election in June. The current president is still a very strong candidate. So there is stability. The football team qualified for the UEFA Europa League from the play-off round. New coach and new reinforcement transfer are anticipated. According to my estimates, the price will either go up or go around for a period of time due to these situations. But I don't expect a decline unless there is a big setback.
However, these are all my subjective views. I don't want it to be perceived as investment advice. You have to make your investment decisions entirely yourself.
Note: I translated the article from Turkish with Google Translate. I'm sorry for this.
İmage: source