Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Financial analyst specializing on corporate valuation. Long-term experience in analyzing and valuing listed and non listed companies in a wide range of business sectors in Europe, North America and internationally. Some of the sectors covered are financial services, industrials, high technology and real estate. Certified Equity Analyst by the Hellenic Capital Market Commission, Greece. Member of the Hellenic Association of Certified Securities Analysts (HACSA), Greece. Associate Member of the Chartered Institute for Securities & Investment (CISI), UK.

Specialties: Applying methods in corporate valuation, developing valuation models and writing equity research and valuation reports. Consulting services to companies with regard to their valuation drivers and potential corporate value, utilized in corporate deals such as mergers, acquisitions and sale of businesses. Specialized financial translations.

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

Commodities

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<h3>Graph Analysis – Review</h3>
<p>According to Graph 2, during the period August 15, 2022 – November 11, 2022, an overall bullish trend was reflected in the prices of Wheat. During the examined period there were two secondary movements. From August 15th, until October 7th, an upward trend was observed. Then the pair started to fluctuate downwards amid significant volatility until November 11th. The shorter MA and the longer MA were fluctuating at the beginning of the period under consideration, yet on August 31th the MA 10 overpassed the MA 20 moving higher until October 17th, when a second crossover occurred, indicating a potential downward movement. The CCI Indicator in Graph 3, remained in the positive territory from August 20th until October 10th, when the value of CCI further dropped, ranging in negative prices and providing a potential sell signal. Based on Graph 4, Aroon Down surpassed Aroon Up on October 19th, also indicating a potential sell signal. The downtrend was further supported by MACD (Graph 5) which crossed below zero on October 20th, 2022.</p>
<h3>Fundamental Analysis – Review</h3>
<p>On August 18th, the USDA's announcement of weekly export sales fell short of analysts' expectations. In the same trading session, US wheat futures prices advanced notably having dropped the previous day. | Due to NASS ceasing to track harvest progress on August 29th, as harvesting was nearing its conclusion, prices for U.S. wheat futures dropped the same day. | On September 7th, the demand for US wheat from Japan had an impact the US wheat futures prices. | On September 20th, the USDA report came out and the planting rate was down about 3% to 4%. Apart from Ukraine, the decrease was due to weather conditions in Spain and Hungary. Thus, US wheat futures price recorded a rise. | On October 10th, the ongoing missile attacks by Russia against Ukraine due to the ongoing war caused US wheat futures prices to adopt a volatile pattern. | On October 18th, Moscow and the UN met and the outcome was better communication over wheat exports. US wheat futures declined as a result. | On October 31st US wheat futures price rose significantly with the reason being that Russia had withdrawn from the agreement with Ukraine for safe exports through the Black Sea. | On November 2nd, President Vladimir Putin said he would return to the deal after speaking with his Turkish counterpart, President Tayyip Erdogan. Thus, the price of US wheat futures started to fall and continued so in the following sessions.</p>
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Graph Analysis – Review
According to Graph 2, during the period August 15, 2022 – November 11, 2022, an overall bullish trend was reflected in the prices of Wheat. During the examined period there were two secondary movements. From August 15th, until October 7th, an upward trend was observed. Then the pair started to fluctuate downwards amid significant volatility until November 11th. The shorter MA and the longer MA were fluctuating at the beginning of the period under consideration, yet on August 31th the MA 10 overpassed the MA 20 moving higher until October 17th, when a second crossover occurred, indicating a potential downward movement. The CCI Indicator in Graph 3, remained in the positive territory from August 20th until October 10th, when the value of CCI further dropped, ranging in negative prices and providing a potential sell signal. Based on Graph 4, Aroon Down surpassed Aroon Up on October 19th, also indicating a potential sell signal. The downtrend was further supported by MACD (Graph 5) which crossed below zero on October 20th, 2022.
Fundamental Analysis – Review
On August 18th, the USDA's announcement of weekly export sales fell short of analysts' expectations. In the same trading session, US wheat futures prices advanced notably having dropped the previous day. | Due to NASS ceasing to track harvest progress on August 29th, as harvesting was nearing its conclusion, prices for U.S. wheat futures dropped the same day. | On September 7th, the demand for US wheat from Japan had an impact the US wheat futures prices. | On September 20th, the USDA report came out and the planting rate was down about 3% to 4%. Apart from Ukraine, the decrease was due to weather conditions in Spain and Hungary. Thus, US wheat futures price recorded a rise. | On October 10th, the ongoing missile attacks by Russia against Ukraine due to the ongoing war caused US wheat futures prices to adopt a volatile pattern. | On October 18th, Moscow and the UN met and the outcome was better communication over wheat exports. US wheat futures declined as a result. | On October 31st US wheat futures price rose significantly with the reason being that Russia had withdrawn from the agreement with Ukraine for safe exports through the Black Sea. | On November 2nd, President Vladimir Putin said he would return to the deal after speaking with his Turkish counterpart, President Tayyip Erdogan. Thus, the price of US wheat futures started to fall and continued so in the following sessions.




Wheat

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