Gabriel Castro, CFA @gabcasla Twitter profile

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Gabriel Castro, CFA

3 months

Para recibir por email las cartas y los videos trimestrales de Sigma Internacional y Gamma Global os podéis registrar en el siguiente enlace:

Gabriel’s Substack | Gabriel Castro | Substack

My personal Substack. Click to read Gabriel’s Substack, by Gabriel Castro, a Substack publication with hundreds of subscribers.

gabcasla.substack.com

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Last Seen Profiles

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Gabriel Castro, CFA

@gabcasla

2 years

I'd like to share our deep analysis on Kistos $KIST, an small European gas company. We model a very conservative 140% upside supported by low-cost, low-carbon gas unhedged producing assets. Download it in the following link:

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Gabriel Castro, CFA

@gabcasla

3 years

$TK $TGP $TNK Análisis de los resultados del grupo Teekay en 2020 y recapitulación de la tesis de inversión

TEEKAY RESULTADOS 2020

Este video es el cuarto de la compañía Teekay. En esta ocasión, analizo los resultados del año 2020.Link directo a los dos videos que preceden a este:-TESIS ...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

4 years

$TGP Hoy quiero entrar en más detalle en la valoración de Teekay LNG y ilustrar que se pierde el mercado. La evolución de la cotización es decepcionante para una compañía q ha ejecutado perfectamente su plan de crecimiento y ofrece un 9% de dividendo bien cubierto ≈40% FCF yield

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Gabriel Castro, CFA

@gabcasla

2 years

I want to share a follow-up article on Golar $GLNG. I'd appreciate it if you share it to reach more people. Be aware that Golar is a top holding for us and you should carry on your own Due Diligence

Golar LNG Stock: Growth Is Around The Corner (NASDAQ:GLNG)

Golar has completed a massive transformation process and is well-positioned for growth. Here's what investors need to know.

seekingalpha.com

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Gabriel Castro, CFA

@gabcasla

2 years

As the current forward curve suggests, the European gas price will remain tight in the coming years. It's not about the demand, is the supply not being enough even in a recession. I'll show you our plays on this theme, but let's first talk about why we are so confident

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Gabriel Castro, CFA

@gabcasla

2 years

Adjunto la carta del segundo trimestre de Sigma Internacional. Es un orgullo saber que Sigma ha sido uno de los fondos españoles con mayor incremento de partícipes y patrimonio durante el primer semestre. Muchas gracias a los casi 1.000 co-inversores:

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Gabriel Castro, CFA

@gabcasla

2 years

A ver si conseguimos entre todos que @TwitterEspana solucione el problema de la cuenta de @krevix . Le hackearon la cuenta y después de recuperarla, Twitter la ha bloqueado y no responde a sus correos ni ha proporcionado ninguna información! Máxima difusión 🙏

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Gabriel Castro, CFA

@gabcasla

4 years

Aquí os dejo mi primer vídeo sobre la tesis de inversión completa de Teekay Corp $TK Espero que arroje luz sobre las dudas que existen sobre la compañía. Agradecería que retwittearais para alcanzar máxima difusión. Enjoy it! 📈

TESIS INVERSIÓN TEEKAY

En este vídeo presentamos la compañía Teekay y tratamos de resolver las dudas de los inversores.Teekay update 24 may 2020: https://youtu.be/H6TrHc_jNLgTeekay...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

3 years

Excelentes resultados del grupo $TK. Bien gestionado Banff y buena allocation de capital de TGP incrementando un 15% el dividendo + reducción de deuda. TNK en línea y moviéndose lentamente a un perfil ECO. Si hay interés analizaré los resultados detalladamente en youtube el finde

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Gabriel Castro, CFA

@gabcasla

3 years

Es un placer presentaros la primera carta trimestral de Sigma Internacional. Quedo a su disposición para cualquier aclaración o feedback

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Gabriel Castro, CFA

@gabcasla

3 years

I've written a paper explaining why I am convinced Golar $GLNG is to date worth around $25 and could be up to $100 by 2030. I feel big news are coming. Feel free to ask or give me feedback

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Gabriel Castro, CFA

@gabcasla

2 years

Great news from Golar. Without a doubt, 2022 is se to be a turning point. I published an article on SA as promised. Feel free to share it

Golar LNG Is A Strong Buy (NASDAQ:GLNG)

Golar is one of my top picks for the next few years. Here's why 2022 is set to be a real turning point.

seekingalpha.com

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Gabriel Castro, CFA

@gabcasla

1 year

February 2023 and Golar stock is trading far from its highs.Despite I firmly believe the company is going to announce at least 2 FLNGs +a new Hilli charter that will justify a TP price above $60, let's make some numbers in order to prove that $GLNG has a big upside without growth

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Gabriel Castro, CFA

@gabcasla

2 years

Percibo una falsa sensación de tranquilidad en el mercado debido al gran peso de las FANG. La realidad es que hay muchos valores sufriendo grandes caídas a pesar de que los índices estén en máximos históricos. Excluyendo unas pocas compañías, el resultado es muy diferente

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Gabriel Castro, CFA

@gabcasla

2 years

Holly Shit! Pax Global reported an amazing results growing above 20%. You cannot say I didn't warn you. The FBI news only impacted investor sentiment, at the same time, customers are really enjoying Pax superior offering as shown, Pax grew at double digit elsewhere!!

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Gabriel Castro, CFA

@gabcasla

3 years

My thoughts about Pax Global after talking with the company and other experts in the field. You should be aware of the fact that the FBI and the DHS have registered only a warehouse from Pax in Florida so far. They looked for evidence about malicious software on Pax terminals

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Gabriel Castro, CFA

@gabcasla

1 year

Gas prices have been falling steadily in recent months, reaching the lowest price since the beginning of the war. How did we get here? What can we expect now? There are many questions. Let me explain my thoughts in the following thread 👇

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Gabriel Castro, CFA

@gabcasla

6 months

Fantastic news for Golar $GLNG Gimi sailed away last night. It took a bit more than expected, but the vessel is now headed for Mauritania/Senegal, where it should arrive by January 8. It will start to make cash flow as soon as it is on the site!

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Gabriel Castro, CFA

@gabcasla

3 months

Carta del cuarto trimestre de Sigma Internacional. Repasamos el performance del año, nuestra filosofía de inversión y profundizamos en nuestra apuesta por China, entrando en detalle en la tesis $BABA

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Gabriel Castro, CFA

@gabcasla

2 years

I've been very busy for the last days but still found the time to attend Pax cc and met 1x1 with them. I've never been more bullish on Pax Global. Don't ask me why the stock is trading at 5x 2022 profits or 2.5x ex-cash. Temporary inefficience I'm taking profit from!

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Gabriel Castro, CFA

@gabcasla

2 years

Pax Global did it again. They reported AH a profit alert indicating that Pax will achieve an eps growth above 30% for 1H. I expect Pax increasing FY guidance on results and beating the street (+15/18% growth and even our internal estimates +20% growth). Also, strong divi increase

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Gabriel Castro, CFA

@gabcasla

4 years

Pax Global.Compañía de alto crecimiento en un sector en tendencia estructural y barreras de entrada que proporcionan altos retornos y generación constante. Además,focus reciente en generar valor para el accionista. Agradecería retweet para mayor difusión!

TESIS INVERSIÓN PAX GLOBAL

En este vídeo presentamos la compañía Pax Global y tratamos de resolver las dudas de los inversores.Aquí podéis consultar la Tesis de Inversión de Pax Global...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

10 months

Huge interest in $GLNG thanks to a very bullish report. Stifel suggests that the stock could double before the end of the year and we might have news as soon as during the next earnings. Also, Nolan comments that the company could be sold if the market doesn't recognize the value

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Gabriel Castro, CFA

@gabcasla

2 years

Ya está disponible la carta del primer trimestre de 2022 de Sigma Internacional. Me complace anunciar que ya somos 600 co-inversores. Muchas gracias por la confianza!

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Gabriel Castro, CFA

@gabcasla

1 year

Pax Global reported strong results, growing its EPS by 18%. Moreover, the company raised +27% the dividend to 0.19 HKD (from 0.15 last year) increasing the payout ratio to 31%. Pax becomes shareholder friendly those last years distributing up to 1bn while 7.6bn market cap

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Gabriel Castro, CFA

@gabcasla

3 years

Aunque ha llevado más tiempo del esperado, los fondos empiezan a rodar! Esta semana hemos empezado a tener las primeras entradas de capital en Sigma Internacional y Gamma Global. 🥳

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Gabriel Castro, CFA

@gabcasla

8 days

Aprendiendo del maestro! 📝

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Gabriel Castro, CFA

@gabcasla

11 months

$KIST This morning I woke up very early due to jet lag and decided to share my thoughts about the Mime deal. You can download the paper at the following link. If there is interest, I will share an update on the valuation in the coming weeks.

the Mime Deal.pdf

Shared with Dropbox

www.dropbox.com

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Gabriel Castro, CFA

@gabcasla

2 years

Pax Global earning call transcript available at the end of the thread The report was very strong achieving +26% in revenues and 36% in profits on a tough comparable basis. Also, Pax increased 42% the dividend and buybacks, showing that shareholders come first

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Gabriel Castro, CFA

@gabcasla

2 years

Me enorgullece saber que ya somos casi 300 co-inversores en Sigma Internacional. Adjunto el comentario sobre el último trimestre:

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Gabriel Castro, CFA

@gabcasla

2 years

After talking with $NMM management, I feel the company is in its best position ever. Unique business model that will navigate without any problems over the cycles thanks to the decorelation among segments. NAV above $100 while its trading at $35. I expect gap narrowing soon!

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Gabriel Castro, CFA

@gabcasla

9 months

Carta trimestral de Sigma Internacional Profundizamos en la tesis de $BABA y comentamos las situación actual de Pax Global y Embracer

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Gabriel Castro, CFA

@gabcasla

2 years

Four reasons and my related opinion about why Kistos share price has fallen 27% since late August killing most of the ytd gains. Before reading, be aware that Kistos is one of our TOP equity and bond picks. $KIST Thread!

Gabriel Castro, CFA

@gabcasla

2 years

I'd like to share our deep analysis on Kistos $KIST, an small European gas company. We model a very conservative 140% upside supported by low-cost, low-carbon gas unhedged producing assets. Download it in the following link:

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Gabriel Castro, CFA

@gabcasla

4 years

Aprovecho para anunciar mi incorporación a Singular Bank. Proyecto muy ilusionante en una entidad muy diferente al banco tradicional actual.

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Gabriel Castro, CFA

@gabcasla

3 years

Ya está aquí el tercer video de la saga $TK. Repasamos los resultados del grupo y actualizamos los FPSOs. ¿Se os ocurre mejor manera de pasar un domingo cuasi confinado? 😅 Have fun!

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Gabriel Castro, CFA

@gabcasla

4 months

$GRF Gotham recorta la posición en Grifols al 0.06% desde el 0.57%!! General Industrial Partners es el fondo lanzado conjuntamente por Gotham City Research y Portsea. Como comenté ayer, muy decepcionado con el research de Gotham. No tenía el nivel al que nos tiene acostumbrado!

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Gabriel Castro, CFA

@gabcasla

1 year

Pax Global is back to the market. Today, the company repurchased 800k shares(HKD 5M). Due to WK normalization, FCF will be massive this year. They are committed to reward shareholders and we expect >400M in dividends and extra 100/200M buybacks that compares well to 7bn marketcap

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Gabriel Castro, CFA

@gabcasla

3 years

Pax Global Technology. +163% de revalorización desde que publicamos la tesis de inversión. ¿Sigue barata? En este video explico que ha ocurrido en los últimos meses y actualizo la tesis y la valoración

PAX GLOBAL UPDATE

En este vídeo explicamos las últimas novedades de la compañía Pax Global Technology. Es un update que está relacionado con el video 'Tesis de Inversión Pax G...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

1 year

Golar's recent weakness driven by warm European weather makes no sense. Based on the current inventory and weather forecast, we should now assume lower TTF prices than initially expected, but you should remember Golar cash flow has no sensibility to 2023 gas prices fluctuations

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Gabriel Castro, CFA

@gabcasla

1 year

$GLNG Great results: Incremental earnings from: +$16M EBITDA from 12m Arctic charter before conversion +$5.1M from Tundra upgrade services -Offset by Hilli underperformance due to extended maintenance period More news: +Sold extra 4.1M NFE shares at a great price +Buyback $9.3M

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Gabriel Castro, CFA

@gabcasla

3 years

Últimos días del año. Momento de familia y reflexión en el que quería agradecer el apoyo a la fantástica comunidad que es Twitter haciendo un breve repaso a algunas de las compañías que he ido mencionado durante el año. Feliz Navidad y prospero año 2021.

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Gabriel Castro, CFA

@gabcasla

3 years

Wau Golar LNG $GLNG Abróchense los cinturones... 🚀🚀 Venta de Hygo, materialización de valor inmediata. Todavía sigue muy barata. Primera posición en prácticamente todos nuestros vehículos

New Fortress Energy to Acquire Hygo Energy Transition Ltd. and Golar LNG Partners LP in Combined...

New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. (

www.businesswire.com

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Gabriel Castro, CFA

@gabcasla

6 months

He leído que se hizo corto el último podcast a pesar de estar más de 4 horas. Para los que se quedaron con ganas de más, hoy tenemos sesión extra con @LocosWallStreet donde profundizaremos en las tesis de Alibaba y Golar. A las 9 nos vemos!

📢¿Invertir en Alibaba? 🚨 Perspectivas y Consejos de Gabriel Castro

¿Por qué no INVERTIR en ALIBABA? Así ha mostrado su análisis sobre BABA Gabriel Castro, precisamente para explicar porque es su primera posición en cartera. ...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

1 year

$GLNG. Solid results! Great wording on Hilli rechartering. I'm sure we will have a big deal coming as I cannot imagine Golar buying NFE stake at this price without being confident about a big contract. Golar confirms they sold CoolCo and NFE shares, so no more trading holdings

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Gabriel Castro, CFA

@gabcasla

1 year

Fantastic presentation from Golar showing with great detail the future profit generation, the ridiculous price at which $GLNG is trading and the integrated project cash flow profile. Good job proving the excellent business Golar is!

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Gabriel Castro, CFA

@gabcasla

1 year

Pax Global will be included in the Stock Connect starting from 13 March, 2023. Chinese investors will be able to buy Pax's shares. Until now, they couldn't because Pax trades in the HK market, but not in China. This should increase liquidity and re-rate the multiple

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Gabriel Castro, CFA

@gabcasla

3 years

Update on Pax Global. The problem was ONLY with Worldpay. They asked some complex questions to the US region by email and considered the answer wasn't good enough and instead of insisting, they unilaterally decided to report to the authorities and move away

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Gabriel Castro, CFA

@gabcasla

2 years

Good reminder about container seasonality. Don't get seasonality and weakness mixed up or you will miss the sector strength. Despite the new highs in most of the stocks, I still believe the sector is cheap $NMM $DAC $GSL $ZIM

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Gabriel Castro, CFA

@gabcasla

4 months

$GLNG Gimi reached GTA. Now, Golar will send a notice to connect and although I don't expect the project to start until mid-year, GLNG will get paid a standby day rate until commissioning starts HUGE milestone will significantly increase FCF and will drive divi/buybacks up

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Gabriel Castro, CFA

@gabcasla

2 years

It's difficult not to be super exited on $GLNG outlook. Despite their efforts to simplify the company, I admit is still complex, but I would say it could mean a change for the LNG spin-off next year. Take a look, the core business is amazing and the stock is too cheap to ignore!

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Gabriel Castro, CFA

@gabcasla

1 year

Repaso del tercer trimestre en Gamma Global y Sigma Internacional

SIGMA INTERNACIONAL Y GAMA GLOBAL 3T 2022

Os traigo el update del tercer trimestre de los fondos que gestiono en Singular Bank.

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

4 years

Para empezar bien la semana, he subido un update de la tesis de inversión de Teekay donde recojo las últimas novedades en los resultados y el IDR. Espero que os guste!

TEEKAY UPDATE

En este vídeo explicamos las últimas novedades de la compañía Teekay, una actualización directamente relacionada con el vídeo que puedes ver más abajo, por s...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

2 years

Carta del tercer trimestre de Sigma Internacional. Agradecer la confianza a los más de 1.200 co-inversores!

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Gabriel Castro, CFA

@gabcasla

9 months

Comentario del primer semestre sobre Sigma Internacional y Gamma Global. Espero que os guste!

Sigma Internacional & Gamma Global 1H-2023

En este video os traigo un update de los fondos Sigma Internacional y Gamma Global.A continuación os dejo los links directos a mis redes sociales:-Twitter: h...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

2 years

Es un placer presentarles la carta del segundo trimestre de Gamma Global. Me gustaría destacar los buenos rendimientos del fondo con una volatilidad cercana al 5% en un entorno muy complicado para las carteras conservadoras.

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Gabriel Castro, CFA

@gabcasla

1 month

I've spent the last three days in Nagaworld. During my stay, I met the management and did a property tour. Although I had high expectations, I have to admit that I was pleasantly surprised. Profits should recover much faster than consensus forecasts. I'm super bullish for 2H!

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Gabriel Castro, CFA

@gabcasla

1 year

Hoy aparecemos en el Economista en una entrevista sobre Sigma Internacional.

Boluda y Castro (Sigma Internacional): "La generación de alfa va a ser clave para los próximos años"

Sigma Internacional, el fondo gestionado por José Ramón Boluda y Gabriel Castro en Singular AM, ha conseguido situarse en séptima posición de la Liga Global de la gestión activa de elEconomista.es,...

www.eleconomista.es

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Gabriel Castro, CFA

@gabcasla

3 years

Pax Global has repurchased 1.6M shares showing a strong confidence in its business and taking profit of the current uncertainty to create value for the long term shareholders. We hope more buybacks coming!

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Gabriel Castro, CFA

@gabcasla

2 years

Many of you asked me about Apple getting into the payment space. Are they a threat to Pax? Could Apple take Pax market share? Before going down to business, let me remind you that Pax is trading at ~6x earnings growing at double digit and 60% of the market cap in cash

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Gabriel Castro, CFA

@gabcasla

3 years

$GLNG After a long chat with Golar management, I feel more confident than ever in the LT prospects. Coal share in the energy mix in Asia is more than 60%. Switching from coal to gas is an unstoppable trend and Golar has the best solution. The best is yet to come! 🚀

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Gabriel Castro, CFA

@gabcasla

8 months

Fantastic setup for VLCCs, especially the ECO. Lowest orderbook among shipping + old fleet. I met $OET management at the Pareto Energy Conference and I was impressed and regret not meeting them before. We'll be looking to buy in a correction as the LT story looks very solid

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Gabriel Castro, CFA

@gabcasla

1 year

$GLNG made a brilliant move last week closing its March-December 2023 and 2024 hedges. This trade generated $140M profit, while retaining TTF upside from current levels Although I don't expect gas prices to skyrocket due to the very warm winter to date, I remain very optimistic

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Gabriel Castro, CFA

@gabcasla

2 years

The main reason why we're very bullish on shipping and argue that the next decade will have nothing in common with the last one: Orderbook at lows with no capacity and willingness to increase it while demand outlook remains solid

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Gabriel Castro, CFA

@gabcasla

1 year

Es un placer compartir con vosotros la carta del cuarto trimestre de Gamma Global. En estos momentos preferimos renta fija corporativa de corto plazo a renta variable para alcanzar los objetivos de rentabilidad y volatilidad del fondo

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Gabriel Castro, CFA

@gabcasla

2 years

Kistos proposed a combination with Serica Energy offering 25% premium against the last price. Most of the deal would have been paid in cash (64%) while the rest would equal aprox. 50% of the new company. Serica management rejected the deal and made a ridiculous contraoffer

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Gabriel Castro, CFA

@gabcasla

2 years

Sorprendido y agradecido por el éxito de esta charla. Me ha llegado muy buen feedback de la comunidad! Me alegro que haya servido para entender de una manera sencilla la situación del sector energético

Sergio | Alfa Positivo 

@AlfaPositivoCom

2 years

El sector energético lleva +60% de revalorización en el último año Esta semana vuelve el gran @gabcasla para hablar de lo que hay detrás de este comportamiento, de la situación actual del sector y de la oportunidad de inversión en la industria del gas ➡️

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Gabriel Castro, CFA

@gabcasla

2 years

Best wedding gift I could get from Angeliki. Less than 48 hours to my wedding and "if rumours are confirmed" she will finally announce a big buyback program tomorrow during the earning results. This plan will create an enormous value to NMM shareholders

Navios Partners to follow big acquisition with $100m stock buyback plan

Navios sees tack as a way to close significant gap between share price and net asset value, sources say

www.tradewindsnews.com

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Gabriel Castro, CFA

@gabcasla

2 years

$GLNG spin off is here! According to the deal, Golar's TFDEs are worth $302M while the market assigned nil value. Golar is selling 50% of the shipping co and will receive $151M in cash. Golar will retain 50% that will be diluted to 33% after a $150M equity raise

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Gabriel Castro, CFA

@gabcasla

2 years

Pax Global. Two months after the FBI raided a warehouse in the US, the stock is trading at its cheapest despite the company has proved their terminals have neither been hacked nor been used as a malware dropper or as a command-and-control. Let me answer some Q I've heard 👇

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Gabriel Castro, CFA

@gabcasla

2 years

Ser inversor es uno de los trabajos más complicados y competitivos del mundo. Excelentes conocimientos técnicos y mucho esfuerzo es necesario xo insuficiente. La paciencia, el control de las emociones y la flexibilidad mental son imprescindibles para generar buenas rentabilidades

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Gabriel Castro, CFA

@gabcasla

1 year

El S&P 500 se revaloriza un 9% este año, sin embargo, el S&P equiponderado está plano, es decir, el índice donde las 500 compañías pesan lo mismo Los flujos de inversión se han concentrado en las mega caps buscando refugio! Mercado muy polarizado donde no todos mueven al unísono

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Gabriel Castro, CFA

@gabcasla

1 year

Actualización de la evolución de Sigma Internacional y Gamma Global durante el cuarto trimestre de 2022 e inicio de 2023. Espero que os guste!

SIGMA INTERNACIONAL Y GAMMA GLOBAL 4T 2022

En este video comento las últimas actualizaciones de los fondos Sigma Internacional y Gamma Global del cuarto trimestre de 2022.Links:-CARTA TRIMESTRAL: Sigm...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

2 months

Excelente charla de Álvaro Guzmán. Especial énfasis en el drawdown y los momentos donde la rentabilidad del fondo diverge del mercado. Generar excelentes rentabilidades no es un camino lineal y hay que tener la seguridad y mentalidad necesarias

"La inversión en valor" | Conferencia de Álvaro Guzmán de Lázaro...

Conferencia impartida por Álvaro Guzmán de Lázaro (socio fundador, CEO y codirector de inversiones de Azvalor) el 7 de marzo de 2024 en la sede de ICAI-ICADE...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

3 years

Pax Global reported amazing results and uploaded the best presentation I've seen since we became shareholders. Market should ease concerns on capital allocation and Long Term prospects from now. As I said many times, despite the huge price increase, the best is yet to come! 👇

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Gabriel Castro, CFA

@gabcasla

2 years

$GLNG starts to deliver. Golar will convert an old steamer into an FSRU for Italy as they did with Golar Viking in 2020. Taking Golar Viking as a reference as it was a similar asset with almost the same amount of debt attached, it should release more than $150M net cash to GLNG

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Gabriel Castro, CFA

@gabcasla

2 years

Are we sure $NMM deserves an 80% discount to NAV? AF bought containers before the run. One year later, she did it again and acquired NNA when tankers were hated. Despite investor complaints, the time has shown it was a fantastic deal. Massive value creation through M&A!

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Gabriel Castro, CFA

@gabcasla

1 year

Golar acquires NFE's ownership in Hilli. The deal makes perfect sense for both. Hilli was a non-core stake for $NFE and the company receives 100M cash and 2% buyback, while $GLNG simplifies the structure and gets back the control of an important asset

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Gabriel Castro, CFA

@gabcasla

2 years

Pax Global.The company has been added to the Hang Seng Composite Index and then to the Stock Connect as @ResGloStocks alerted us. Why is this so important? Stock Connect enables Mainland Chinese investors to have direct access to shares through the Stock Exchanges in the Mainland

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Gabriel Castro, CFA

@gabcasla

2 years

Pax call conference FY 2021 transcript. They explained the strategy, the amazing PaxStore business, the FBI limited impact, supply chain resilience, WK flows and the shareholder remuneration. Worth a look!

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Gabriel Castro, CFA

@gabcasla

1 year

FT confirms that UK’s prime minister is going to change the unfair windfall tax as early as next week. There is no many details, but they likely add a floor which removes the high tax regime as the current O&G prices cannot be considered extreme anymore

UK government expected to offer energy companies windfall tax relief

Lower fuel prices spur hopes the levy will be reformed as sector is being encouraged to invest in new projects

www.ft.com

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Gabriel Castro, CFA

@gabcasla

1 year

As promised, here you have Pax Global call transcript. It was a very bullish and transparent cc where they proved once again that they take care about shareholders. What are your thoughts?

Pax Earnings call 22032023 (1).pdf

Shared with Dropbox

www.dropbox.com

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Gabriel Castro, CFA

@gabcasla

1 year

Pax Global will report in the coming weeks (final data still pending). I think the report will prove that US business wasn't affected by the FBI raid and many customers are switching from Ingenico/Verifone to Pax due to better quality despite being a Chinese company

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Gabriel Castro, CFA

@gabcasla

3 years

Presentación de los fondo Sigma Internacional y Gamma Global. Explicamos la filosofía de inversión y las posiciones más relevantes:

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Gabriel Castro, CFA

@gabcasla

3 years

$TK $TGP TGP incrementa el dividendo un 15%. Mientras otras empresas del sector lo reducen o eliminan TGP lo incrementa notablemente y de manera sostenible gracias a sus fuertes fundamentales. Espero que no os pille por sorpresa... os avisé en Octubre 😄

Gabriel Castro, CFA

@gabcasla

4 years

Los contratos de LP, la tendencia estructural del sector y la confianza del mercado de deuda nos hace ser optimistas. Esperamos un incremento del dividendo del +15% para 2021. DPS de 1.15, es decir, ¿10.5% yield con tipos a 0? Ganga para los buscadores de dividendos!

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Gabriel Castro, CFA

@gabcasla

3 years

¿Aplicar value investing a la renta fija? La mayoría de inversores se pierden un mundo emocionante centrándose solo en renta variable. Nosotros estudiamos la estructura de la empresa y decidimos el segmento más interesante para invertir según el binomio rentabilidad/riesgo. Hilo

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Gabriel Castro, CFA

@gabcasla

23 days

Carta del primer trimestre de Sigma Internacional. Acumulamos una rentabilidad superior al 34% (10.5% anualizado) desde el inicio Entramos en detalle en la divergencia en el comportamiento del oro y las mineras y anunciamos nuestro pick en el sector.

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Gabriel Castro, CFA

@gabcasla

2 years

Smart move from $GLNG fixing 50% of its Hilli 2024 TTF exposure at very high prices. To be fair, I don't think this price is reliable as many new European import facilities should be available by that time, so I consider it a very good mov that ensures an enormous FCF

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Gabriel Castro, CFA

@gabcasla

3 years

Viernes vencieron las opciones PUT que vendimos el 25 y 28 de Septiembre sobre Golar. Tras la filtración sobre una investigación policial sobre el CEO de Hygo por corrupción en su anterior compañía, la cotización de Golar se desplomó moviéndose de 14$ a menos de 6$ en 7 sesiones

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Gabriel Castro, CFA

@gabcasla

3 years

I can't be more excited after having talked three times with different Golar managers this year. I feel new FLNG projects are coming very soon. The market doesn't understand the fantastic and disruptive technology Golar has

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Gabriel Castro, CFA

@gabcasla

2 years

$GLNG We have increased our TP based on Perenco’s last movement. I’m amazed the market haven’t seen the news of Perenco acquiring more gas reserves close to Hilli. It means Perenco will ask for full utilization and contract extension beyond mid 2026. This should add >$10/share!!

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Gabriel Castro, CFA

@gabcasla

1 year

Energy stocks, especially gas, have been trading weak. In consequence and in the absence of news, $GLNG tarded poorly. It's only because of fund flows, investors rotating into tech due to the FED pivot Also, due to TTF weakness, some concerns might arise regarding flng growth

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Gabriel Castro, CFA

@gabcasla

3 years

$GLNG has completed the sales of Hygo and GMLP receiving $131M of cash and 18.6M of NFE shares that are worth $878M based on the April 14 closing price. This equates to near $9.2/share, which obviously means the market has no clue on the FLNG fantastic business

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Gabriel Castro, CFA

@gabcasla

2 years

Repasamos el 2021 y comentamos las perspectivas de la cartera para Sigma Internacional y Gamma Global. Espero que os guste!

SIGMA INTERNACIONAL, GAMMA GLOBAL 2021

En este video os traigo la presentación de la evaluación de los fondos Sigma Internacional y Gamma Global.Links de menciones en el video:-CARTA TRIMESTRAL: h...

www.youtube.com

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Gabriel Castro, CFA

@gabcasla

2 years

Pax Global. Palo Alto Networks (a highly reputable cybersecurity US company) has carried an intensive investigation on Krebs allegations and did not identify any malicious traffic or events in the network activity

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Gabriel Castro, CFA

@gabcasla

2 years

Sigma Internacional vendía la posición en Indra el trimestre pasado. Los fundamentales de la compañía eran excelentes con una elevada cartera de pedidos que aseguraba un fuerte crecimiento. A pesar de esto, la intervención política no cumplía nuestro estricto proceso de inversión

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Gabriel Castro, CFA

@gabcasla

2 years

Fantastic presentation on Pax Global from @TheAltraman !! Deep dive analysis of one of our core holdings. Although the TP looks too low, it shows how significant the margin of safety is. Highly recommendable research. Worth following!

PAX Global (0327.HK) – An undervalued Chinese POS manufacturer with significant growth runway in...

Watch now (50 min) | A deep dive on HK-listed small cap and global POS leader

www.pyramidsandpagodas.com

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Gabriel Castro, CFA

@gabcasla

1 year

Os adjunto la carta del primer trimestre de Gamma Global. Mantenemos una cartera posicionada en emisiones de renta fija a corto plazo en empresas con un balance saneado y alta visibilidad en los futuros flujos de caja

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Gabriel Castro, CFA

@gabcasla

4 years

Excelente herramienta sustitutiva de Bloomberg. Perfecta para una vista preliminar de la empresa y monitorizar el consenso. Muy recomendable! Y lo mejor: es gratis!

TIKR

@theTIKR

4 years

@RaoulGMI We have built a powerful equity research platform with coverage of 50k+ stocks globally. We have data powered by S&P CapitalIQ including 15+ years of financials, estimates, valuation, transcripts, filings, ownership, news. Please shoot us a DM to get access to our free beta!

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Gabriel Castro, CFA

@gabcasla

2 years

$GLNG downsizes its stake in $NFE to 10.2M. They sold 2.2M shares raising $123.2M. Do you know why they are raising 100M from Coolco and now $123M from NFE having more than $600M in cash and Hilli and Gimi cashflows secured and coming + steamer conversion proceeds??

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Gabriel Castro, CFA

@gabcasla

3 years

Análisis y opinión de la OPA a Teekay LNG

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