AvaTrade Falls in Trouble in Israel with Local Regulator

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AvaTrade Falls in Trouble in Israel with Local Regulator

The branch of AvaTrade that operates within Israel have been fined a sum of $141,000 (the equivalent of 500,000 Shekels) for regulatory breaches.

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The ropes of law are getting tighter around internet trading outfits and the latest to be found wanting is ATrade. The Israeli Securities Authority (ISA) have found AvaTrade guilty of falling short of the law that guides these trades. AvaTrade brokerage were reported to have, within 2020 and 2020, allowed some of its customers to make new transactions via means that were not allowed and regulated.

It is important to recall that in January of 2020, the same AvaTrade in Israel had been fined 576,000 Shekels and also in May 2020, it was fined 150,000 Shekels, which are the dollar equivalents of 163,000 and 40,500 respectively for a misleading marketing campaign.

Ava Trade EU Ltd which is the European parent company of AvaTrade is a Central Bank of Ireland licensed brokerage that is licensed by MiFID in the European Union. This regulated body holds license to operate in Australia, Japan, South Africa and BVI.

Reports state that this new fine is because AvaTrade, Israeli-division, knew fully well that the financial instruments used for the payments were prohibited and it went “contrary to the terms of the license granted to it”. This fine comes with a condition that for the next two years, should ATrade be found breaching this same regulation or a similar one, it would be fined another 500,000 Shekels.

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Teva Stock

Trade Teva Stock

Teva Pharmaceutical Industries Limited, headquartered in Petah Tikva, Israel, is a world leading producer of generic drugs and a variety of branded medicines. Teva has a rich history that dates back to 1901 when Chaim Salomon, Moshe Levin and Yitschak Elstein founded a small wholesale drug business in Jerusalem, which was named S.L.E after its founders.

In 1935, Teva was established as an additional branch of S.L.E by Dr Gunter Friedlander in Jerusalem. Between 1930 and 1940, the company became the sole source of pharmaceutical supplies for the local market, neighbouring countries as well as the British Army, which was stationed in the Middle East.

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In 1951, rapid expansion led to Teva being listed on the TASE (Tel Aviv Stock Exchange) as the Teva Middle East Pharmaceutical Chemical Works Company Ltd. With the consolidation in the local pharmaceutical industry in the 1960s, Teva became Israel’s largest drug maker.

From the 1980s, Teva started going global. A major milestone occurred in 1982 when Teva expanded internationally, capitalising on the passing of the Hatch-Waxman Act to enter the US market in the generics sector.

Teva held its NASDAQ IPO on February 26, 1987, becoming one of the first healthcare brands to achieve dual listing. It trades under the ticker symbol TEVA and falls under the healthcare industry and pharmaceutical category.

As of October 2020, Teva produces over 120 billion tablets annually and enjoys leadership positions in over 40 markets around the world.

The company derives over 60% of its revenues from its extensive generic product portfolio. But its most successful product is its branded Copaxone drug that treats multiple sclerosis.

Copaxone once contributed as much as 20% to Teva’s bottom-line, although it faces competition from other generic entrants, in 2020, maintained a firm 85% control of the market share.

Teva has achieved global dominance by being an aggressive buyer. Some of its biggest acquisitions include companies such as:

  • Actavis Generics, a $39 billion acquisition that significantly increased their generics product portfolio;
  • Anda, a leading US distributor of generic pharmaceuticals;
  • Ratiopharm, the largest generics drug maker in Germany;
  • Cephalon, a US specialty drug maker for pain, sleep and cancer medicine;
  • IVAX Corp, a US-based oncology and respiratory products maker with a strong presence in Latin America as well as Central and Eastern Europe;
  • Auspex Pharmaceuticals, a US neurology drug company.

Teva Stock History

Teva began trading on the NASDAQ in 1987 with a number of shares splits as follows: 2-for-1 on the 14 th of April 1993; 2-for-1 on the 23 rd of February 2000; 2-for-1 on the 12 th of June 2002; and 2-for-1 on the 1 st of July 2004. Interestingly, in March 2020, Teva began trading on the New York Stock Exchange.

Being the largest generics drug maker in the world, as of October 2020, Teva stock has been a consistent performer over the years.

It achieved its highest ever stock price in August 2020 when it touched $72 a share, following the trademark acquisition of Actavis. This also gave the company its highest ever valuation at the time of $61 billion.

In 2020 the stock had a particularly bad year, as it eroded over 80% of its value from the 2020 highs.

The Actavis deal turned out to be overpriced and left Teva burdened with debt, despite achieving status as the largest drug maker in the world. As of October 2020, Teva’s market capitalisation stood at $21 billion.

Teva has been a generous dividend payer. It started paying out dividends in February 2005, dishing out $0.30 per share quarterly to shareholders. The quarterly dividends grew consistently until 2020 when Teva paid out $1.21 per share.

Following the huge Actavis deal, Teva cut quarterly dividends in 2020 to $0.34 per share, and even further in 2020 to $0.085 per share. In December 2020, Teva announced a suspension of dividends on its ordinary shares and ADRs as it sought to drive down its overall debt significantly.

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How to Trade Teva Stock

The consensus in Wall Street is that Teva is a high-value stock as it operates in an inelastic industry. Demand for various drugs is difficult to determine because it is so hard to predict what illnesses, when and how many people will fall ill or need treatment.

However, this is an industry typically immune to recessions and political factors. It also has many other fundamental factors going its way, including increased longevity that will continue to increase the demand for drugs used for both treatment and maintenance therapies.

Still, investors should consider the following factors when trading Teva stock:

  • Legislative or Taxation Policy Changes
    Teva sells its products all over the world. Medical products are usually the target of frequent legislative and taxation policies. For instance, the United States President, Donald Trump, started pushing for lower prices for medical products in 2020. Even though Teva enjoys the pricing power of generic products, such legislation could greatly impact its bottom line.
  • Raw Material Price Dynamics
    Aside from its headquarters in Israel, Teva has production facilities in over 80 locations around the world. This means that it sources its raw materials from different places. Changes in raw material prices in any particular region(s) can impact profit margins and consequently, the stock trading price.
  • New Product Rollout
    The pharmaceutical industry is characterised by high research and development costs as companies continuously seek to improve healthcare services. Still, the delicate nature of the industry means that is also heavily regulated. The FDA (Food and Drug Administration) is the primary regulator of the industry, and an FDA approval is crucial for any pharmaceutical product. If Teva releases a new product which is subsequently approved by the FDA, investors will be excited, and its stock price will react accordingly. However, if a drug does not get FDA approval, then it can wreak havoc on the share price.
  • Periodical Earnings Reports
    Teva’s fiscal year runs from January 1 to December 31, and the company releases quarterly financial reports to keep shareholders posted on its business health. Earnings reports also serve as an avenue for declaring dividend payouts (or lack thereof), announcing profit or loss warnings, as well as releasing future business projections.As pharmaceuticals is a fast-paced industry, it is prudent to track these factors for short- and medium-term impacts on the stock price. This will offer more quality trading opportunities, as opposed to tracking long-term effects when the factors would have been priced at the prevailing stock price.

Teva Stock Trading Information

  • MT4 Symbol: #TEVA
  • Trading Time: Monday – Friday 13:00 – 19:59 London Time GMT
  • Country: USA
  • Currency: USD
  • Exchange: NYSE
  • Leverage: Up to

Why Trade Teva stock with AvaTrade Australia

  • International regulation – AvaTrade is a global multi-regulated broker, which ensures all its trading services are transparent, and client funds are safe and secure.
  • You can long or short Teva stock according to market conditions. Short selling Teva stock when it is trending lower.
  • Leveraged trading – Trade Teva stock with a leverage of up to and enjoy higher profits with lower capital outlay.
  • Competitive spreads – Trade Teva alongside other global stocks with reduced costs.
  • The intuitive AvaTrade free trading platform suits both short- and long-term trading styles. Investors can profit from short-term price induced moves, such as a new product rollout; or potential long-term moves that can be inspired by factors, such as new project announcements.
  • Top automated trading solutions – AvaTrade supports automated CFD trading strategies to help you take maximum advantage of trading opportunities day and night.
  • MT 4 + MT 5 top platform for desktop, tablet & mobile + Identify your mistakes with Guardian Angel
  • Free comprehensive financial trading education as well as access to daily expert market analysis and trading tips.
  • Seamless multiplatform trading, giving you the flexibility and convenience to trade on your desktop or mobile trading online device.
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Beyond the Walls (1984)

R | 103 min | Drama

In Israel’s Central Prison, the security officer is corrupt, supplying drugs and stirring the hatred between Jewish and Arab prisoners to his advantage. Uri, in for 12 years for armed . See full summary »

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