Personally I see this as an extremely positive development. Key points....................
- No need to bring up the way EMH was treated by Babis and the corresponding rhetoric, but extremely damaging. With another 4 years in power he would be too unpredictable to provide any comfort. Corrupt politicians do not hold a lot of credibility within the EU or with companies like VW who are trying to recover from their recent issues. ESG is playing a major part in all companies these days.
- Spolu is a centre right coalition and PirStan is liberal providing a good balance and both are pro EU which we need. You would expect there to be a pro business, pro development, green technology agenda.
- The communists and their pro nationalisation (especially mining) stance are out of the way
- The SPD (far right) with their pro Chexit stance are out of the way
- Grants and soft loans from the EU were at risk due to the ongoing Agofert situation. These are grants and loans that Cinovec would benefit from.
- From here on you would expect that Petr Fail and Ivan Bartos will run the country and hopefully the pro Russian pro Babis Milos Zeman departs.
If the market doesn't like it in the near term (no idea why not), I think that sentiment will be short lived when the government is formed and we move on.
All my views only and no political agenda, just what's best for EMH and the project going forward.
EMH Price at posting:
$1.34 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)