Shares privileged by PJSC «Surgutneftegas»

Ticker: SNGSP

Idea: Long

Horizon: 2-3 months

Target: 60 rub

Expected return: about 10% for 2 months

Recommended purchase price: half the position now (per 55 rub) and average in case of strengthening the ruble by 52.5 rub

Usually in the middle of May, the SD gives a recommendation for dividends. Payouts can be about 10 rubles. per share, which gives a return of 18.1% on the share price of 55 rubles.
Given that dividends on preferred shares depend on currency revaluation, the dividend cut is probably not worth recalculating. However, the expectations of these payouts will discourage a decline in the stock. And given such returns, the quotes should move up by the date of the dividend announcement.

Risks

There is no information yet on what happened to the foreign exchange deposits after Surgutneftegas came under US sanctions.
There is a possibility of further strengthening the ruble, since now low demand for the dollar, while demand for the ruble will continue to increase in anticipation of a peaceful settlement of the Ukrainian conflict.