Feb 4, 2023·edited Feb 4, 2023Liked by Gonçalo Garcia
Ibersol was a tremendous pick for your first equity research post on substack. I would like to congratulate you on your analysis, specifically in highlighting the alignment of management and minority shareholder’s interests. I am both an Ibersol and Semapa shareholder and I hope that you in the future analyze the alignment issues present in Semapa between minority shareholders and management/Sodim.
Avid listener of your podcast and now reader of this substack!
Great first analysis Gonçalo. It’s great to see someone analyzing local companies,using local understanding and feeling the ground of the location of those businesses! 👏
Hey Gonçalo, thanks for this really interesting piece. I really enjoy learning from you and benefited from your insights on vidrala. Thank you.
Regarding this, what do you expect the future pe to be?
Are you planning on holding it after it distributes the dividend, if they opt to go that way?
I also have a question regarding this part:
the usual withholding tax in Portugal is 28% but can be as high as 35% if the account is in street name (as it happens with accounts in Interactive Brokers). What do you mean by being in street name ? I am Portuguese and live in Barcelona, Spain where I should pay 19% (i think I'm not making more than 6k realized gains). Do we have to use a special bureaucratic agreement?
Thank you very much for this again, looking forward to hearing from you regarding vidrala!
Ibersol was a tremendous pick for your first equity research post on substack. I would like to congratulate you on your analysis, specifically in highlighting the alignment of management and minority shareholder’s interests. I am both an Ibersol and Semapa shareholder and I hope that you in the future analyze the alignment issues present in Semapa between minority shareholders and management/Sodim.
Avid listener of your podcast and now reader of this substack!
Boas Gonçalo, venho através do All In Stocks e quero congratular-te pela iniciativa.
Boas pesquisas e investimentos!
Um grande abraço
Great first analysis Gonçalo. It’s great to see someone analyzing local companies,using local understanding and feeling the ground of the location of those businesses! 👏
would you like to write an update?
Hey Gonçalo, thanks for this really interesting piece. I really enjoy learning from you and benefited from your insights on vidrala. Thank you.
Regarding this, what do you expect the future pe to be?
Are you planning on holding it after it distributes the dividend, if they opt to go that way?
I also have a question regarding this part:
the usual withholding tax in Portugal is 28% but can be as high as 35% if the account is in street name (as it happens with accounts in Interactive Brokers). What do you mean by being in street name ? I am Portuguese and live in Barcelona, Spain where I should pay 19% (i think I'm not making more than 6k realized gains). Do we have to use a special bureaucratic agreement?
Thank you very much for this again, looking forward to hearing from you regarding vidrala!
Interesting