Imwe yemasheya anonyanya kushanda mumisika yemari iye zvino pasina mubvunzo IAG yemhepo mutsetse. Nekuda kwekushomeka kwakanyanya umo zvikamu zvayo zvinotengeswa sezvo zvichikwira kana kuwira pasi pesimba rakakosha, mune dzakawanda kesi nematanho ari pamusoro pe3% kana 4%. Kuve mumwe weakakodzera kwazvo makosi emusika wekutengesa kuti uite mabasa ekutengesa. Kunyangwe iri yemutsetse webhizinesi inofungidzirwa yakajairika.
Kune rimwe divi, iyo inopa yakakwira capitalization mumatura ayo nevhoriyamu yekutengesa iyo yakakwira kwazvo muzvikamu zvese zvekutengesa. Yakanyorwa mune yakasarudzika indekisi yeSpanish equities, iyo Ibex 35, seimwe yeanomiririra kuchengetedzeka uye ndiyo inyaya yechikamu chikuru chezviitwa nevashambadzi vadiki nepakati. Kufamba pamazita ako mune tambo iri pakati pe4 ne8 euros pamugove. Pasi pechimiro icho kusvikira zvino chiri pakati nepakati.
Nepo kune rimwe divi, mitengo yavo zvinoenderana neshanduko yezvisina kuchena mumisika yemari. Zvekuti nenzira iyi, mitengo yavo inokwira kana kudonha zvichienderana neiyi paramende yakakosha yemisika yemari. Chichava icho chinotarisa chinhu kuti mutengo wemasheya ayo ukwire kubva zvino zvichienda mberi. Hazvishamise kuti ichi chinhu chinokonzeresa kuti itengese neyakaipisisa iyo inogona kunge isingakodzere zvido zvevashambadzi vadiki nepakati vane mamwe profiles anochengetedza. Nemisiyano inogona kusvika pamatanho e5% uye iyo inogona kushandiswa pakutengesa kana mune imwecheteyo yekutengesa chikamu.
IAG: nemafuta pa $ 60
Parizvino, mutengo weTexas Intermediate Oiri (WTI) wakwira 5,5% kuvhara pa $ 62,43 dhiramu mukuita kudonha kwakasimba kwevhiki nevhiki mumatura eUS, emabhiriyoni emamiriyoni 9,5, nekusvika kwedutu muGulf yeMexico iro rakamanikidza kubuda kwemapuratifomu. Ipo kune rumwe rutivi, zvinofanirwa kucherechedzwa kuti pakupera kwekuvhiya paNew York Mercantile Exchange (Nymex), ramangwana reWTI zvibvumirano zvekutakura muna Nyamavhuvhu zvakakwira madhora 3,60 zvichienzaniswa nezuva rapfuura ndokusvika pamutengo wepamusoro wekuvhara evhiki nomwe dzekupedzisira.
Parizvino, hakuna kumbove neyakajeka maitiro mumutengo weiyi yakakosha yemari pfuma uye pane iyo shanduko mumisika yekutengesa inoenderana nendege yeIAG. Neichi chikonzero, njodzi dzinogona kuve dzakakwirira zvakanyanya kupfuura mune mamwe ese masiteki emusika. Uye ichi ndicho chinhu icho vatengesi vanovhura zvinzvimbo mukambani kubva mazuva ano vanofanirwa pasina mubvunzo kufunga. Nekuti muchokwadi hapana chakajeka maitiro, kana mune imwe pfungwa kana mune imwe.
Chinhu chinopokana: Brexit
Kunyange zvakadaro, muvengi wake mukuru ndiye Kubuda kweBritain kumasangano enharaunda. Kunze kwekumwe kufunga kwehunyanzvi hunhu uye pamwe zvakare kubva pakuona kwezvakakosha. Nekuti zvirizvo, IAG ndeimwe yeanonyanya kushupika maitiro emari yeSpain nekuda kweichi chinoshamisa chokwadi. Iko, vakuru veBrussels vakavimbisa kuti chirongwa cheIAG chekudzivisa Brexit "hachina musoro" sezvo vachifunga kuti varairidzi veBritish havazi EU, sekureva kweFinancial Times
Tichifunga nezvechiitiko ichi, hapana mubvunzo kuti hunyanzvi hunofanirwa kutorwa pamwe neiyi yakanyorwa Ibex 35 kune zvinogona kuitika mumazuva mashoma anotevera kana mavhiki. Ichi ndicho chimwe chezvikonzero zvikuru zvekumanikidza kwekutengesa kuitiswa nekumwe kujekesa mumisangano iyi yemusika wemasheya. Iyo haipedze kusimuka uye inova yakaoma kwazvo kuti inogona kukwira kusvika pamakumi masere euros pamugove, chinova chimwe chezvinangwa zvevatengesi vadiki nepakati. Mune izvo zvakagadzirwa sekushaikwa kwedudziro izvo zviri kunetsekana zvakanyanya nekuda kwezvavanofarira. Nenjodzi iri pachena yekuti inogona kuwira kumatanho e8 euros kana kunyangwe ine yakaderera kukosha mumisika yemari.
Mirira kuti uone zvinoitika
Ehezve, mumamiriro ezvinhu ekukwira kumusoro, chinhu chinonzwisisika kuita kubata mari kusvikira yawana mitengo iri nani mukoteshiti yayo kana kusvika zviratidzo zvinoratidzika zvinoratidza kupera kweiyi tsika, kunyangwe paine njodzi yekuwira mumamiriro asinganzwisisike ayo anogona kuita kuti kukosha kuwire zvakanyanya nemhedzisiro yekurasikirwa mune chirevo chako chemari. Iko kungwara kunofanirwa kuve kwakanyanya dhinomineta pane zviito zvevatengesi.
Naizvozvo, zvinopfuura kungwara kusarudza fomura iyo inosanganisa iyo equation pane chengetedzo uye njodzi senge zano rekuchengetedza huwandu hwakapihwa. Kunyanya mune iyo bearish nguva uko kuri nyore kune zvishoma zviwanikwa zvakawanikwa kuva mashoma ekutengesa zvikamu mune yakatsvuka kune iye investor, nedambudziko rekuti yekutengesa nehurema here kana kupinda zvakadzika mukati mawo. Mune izvo zvakagadziriswa seimwe yezviitiko izvo ino inonongedzera nzvimbo kambani inogona kupfuura mu mapfupi, epakati uye marefu ekufambisa ndege.
Zvinodhura mumabasa ako
Kana zvasvika pakuverenga huwandu hunokwanisika hwega hwega hwekutsinhana kwemasheya, kwete chete isu tinofanirwa kutsvaga mutsauko uripakati pemutengo wekutenga nemutengo wekutengesa, asi isu tinofanirwa zvakare kuwedzera iyo komisheni mitengo iyo yega yekutengesa masheya ine, pamwe ne iyo yekuchengetwa uye, chokwadika, iyo huwandu hwakatemerwa kuHaimari, ne18%. Yakapfupiswa ese - ayo anomiririra pakati pe0,50% uye 1,50% yemari yakachengetwa- Zvinenge zvichikwanisika kuona iyo yechokwadi purofiti yekudyara, iyo mumamiriro ezvinhu apo capital capital inowanikwa ishoma, inogona kutotadza kudzikamisa zvinoitika zvemakomisheni nemitero.
Uku kunofanirwa kuve kuvhiya kunofanira kuitwa nevatengesi vese vasati vafunga kutengesa kana kumirira purofiti yakakwira. Pane kupesana, kana zviwanikwa zvemari zvihombe, zvishoma zvichave zvinokanganisa izvi zviyero. Zvimwechetezvo, huwandu hwakakwira hwakaiswa - kunyangwe hazvo kuwanda kwemakomisheni- kwakadzikira kukanganisa kwaro kumaaccount ekupedzisira pabasa rega rega rakaitwa. Nechikonzero ichi, zvinokurudzirwa kusarudza imwe yezvakawanda zvinopihwa nemabhangi nemabhangi ekuchengetedza kuti zvishande pamusika wemasheya, uyo mune dzimwe nguva unogona kumiririra kusvika ku8% kana 15% dhisikaundi.
Maonero ebhizinesi
Pamatanho azvino emitengo yemafuta uye nemitengo yekuchinjana, IAG inotarisira purofiti yayo kubva mukushanda muna 2019 zvinhu zvisati zvasarudzika zvakafanana neiyo ya2018 proforma. Pamitengo yenguva dzose yekuchinjana, zvinotarisirwa kuti yunifomu yemutyairi inoramba ichingogara uye kuti mutengo weyuniyumu kusasanganisa mafuta uchavandudza kana tichienzanisa negore rapfuura. Saizvozvo, mari yevanopinda mutakurwi pamitengo yenguva dzose yekutsinhana inotarisirwa kuvandudza mune yasara yegore.
Iyi ndiyo mhedzisiro iyo musimboti isina kugamuchirwa zvakanyanya nevamiriri vakasiyana nevamiriri vezvemari. Pasina kunyorwa, kwete pasi kana kumusoro. Kana zvisiri izvo zvinopesana, pane isina kwazvakarerekera nzvimbo iyo iyo yakaiswa kwemakore mazhinji. Kusvika padanho rekuti haina kutora yakajeka maitiro nekukurumidza. Asi pane zvinopesana, inofamba pakati pemitsara yakanyatsotsanangurwa kusvika zvino. Pasina chero nguva, pakave nekuchinja kwechero kukosha mukugadziriswa kwemitengo yavo pakati pe4 ne8 euros pamugove. Tichafanirwa kumirira kuti tione kana ichityora chero eaya mazinga kuti titenge kana kutengesa nzvimbo dzayo mumusika wemasheya.
Quarterly zvabuda
Chekutanga kota inoshanda purofiti yaive € 135 mamirioni pamberi pezvinhu zvakasarudzika (2018 proforma1: € 340 mamirioni). Pane rimwe divi, mari yevapfuuri yekota yakaderera ne0,8%, uye pamitengo yenguva dzose yekuchinjana yakaderera ne1,4%. Nepo chikamu chinodhura chekota, kusasanganisa mafuta, zvinhu zvisati zvasarudzika zvakawedzera ne0,8%, nepo pamitengo yekutsinhana nguva dzose uye nepro-forma base1 zvakadzikira ne0,6%.
Pakati pemhedzisiro yaro yazvino yekota, zvakakodzera kuti utaure kuti mayuniti emafuta emari yekota yakawedzera 15,8% uye kugara uchichinjana mitengo kwakawedzera 11,1%. Iko kunokanganisa mambure pane zvakanakira iyo shanduko yemari yekuchinjana kwekota yacho yaive yakaipa pa 61 mamirioni euros, nepo kune rumwe rutivi, mari yakamira pa7.481 mamirioni euros kubva munaKurume 31, 2019, iyo inomiririra kuwedzera kwemamiriyoni e1.207 mamirioni zvichienzaniswa naDecember 31, 2018, uye mambure chikwereti / EBITDA yakagadziriswa 0,2 kusvika 1,0 nguva. Chekupedzisira, kutaura kuti purofiti mushure memutero pamberi pezvinhu zvakasarudzika yaive makumi mairi. Nepo chikamu chinodhura chekota, kusasanganisa mafuta, zvinhu zvisati zvasarudzika zvakawedzera ne70%, nepo pamitengo yekutsinhana nguva dzose uye nepro-forma base0,8 zvakadzikira ne1%.