SNSN schreef op 24 juni 2013 09:20:
For today: PP=1.50
Resistance: R1=1.518; R2=1.546
Support: R1=1.473; R2=1.454
Remember, KPN is actually a unique “risk neutral” fund:
- it has “beta” = ~0.02, that is NO exposure to “market risk” (due to fundamental reasons the underlying price-driving mechanisms for KPN are different from those driving the markets – AEX, etc.)
- the probability of default is almost zero (to make is easy – think for instance that the main shareholder would not allow kpn to default, and he has enough means to do so)
Thus, for a coming time of high volatility and markets corrections - kpn - is a very unique fund. More and more (institutional) investors will realise this soon….
Again, the “minimum price” (not “fair price”) for kpn is > 1.6 (actually it is ~1.75 ).