National Commission of Markets and Competition (CNMC) ichangoburitsa maseketi matsva manomwe anotsanangudza gadziriro yakagadzika yemubhadharo wemagetsi negesi mumakore anotevera, mushure mekupihwa masimba eRDL 1/2019. Aya mazano matsva anoreva a wepagore avhareji kuchinjika kune network ye1.080 mamirioni yenguva inotevera yekutonga. Asi mukuita kwave kuri kudzikisira kukuru kumakambani akabatanidzwa mune remagetsi chikamu cheSpanish equities.
Iko kumira kwakaipisisa kwevose pasina mubvunzo kuve maEnagás, ayo muzvikamu zvitatu zvekutengesa akadonha ne20% pamusoro pemitengo yayo yekutanga. Yakaenda kubva mukutengesa pamatanho e 24 euros pachikamu kumira pa18 euros, padanho repasi pasi mumakore mashanu apfuura. Kana mwedzi mishoma yapfuura ndakanga ndiri mumamiriro asingakundike senge kukwira mahara, pasina kuramba pamberi. Shanduko yakabata nhanho yevakawanda vashoma nepakati varimi.
Enagás haisiriyo yega yakanyorwa kambani iri kuenda kuburikidza nemamiriro ezvinhu aya zvishoma zvichishushwa nevatengesi. Yadhonza Naturgy iyo yakadzikira kwakatenderedza 11% uye pamatanho akafanana kuRed Eléctrica Española. Kunyangwe pane zvinopesana, izvo zvakafamba zvirinani mukati mekambani yesimba zvave Endesa naIberdrola, izvo zvasiya 5% uye 3%, zvichiteerana, panguva ino. Chero zvazvingaitika, kusahadzika kukwira kwaro mumwedzi ichangopfuura uye neizvozve kunowedzera kuderera mukugadziriswa kwemitengo yayo hakubviswi kubva zvino zvichienda mberi.
Kupunzika mune yesimba chikamu
Kashoma nguva iyo zvinoshandiswa zvaive zvazvibata nenzira iyi isingabvumike mumisika yemari yenyika. Izvo zvinokonzeresa zviri kukonzerwa nemirairidzo mitsva pane kudzora kwemutengo wemagetsi uye gasi. Uye kuti mune yechipiri yezvikamu zvave zvichidikanwa zvakanyanya kupfuura pane fungidziro dzaive nadzo. Izvi zvakagadzira kuita kwakasimba kwazvo kubva kumisika yemari. Nekutengesa kumanikidza kwave kuitirwa mutengi senge kusingawanzoonekwa mune magetsi nemagetsi.
Uye zvakare, vamiririri vezvemari vakadzikisira mutengo wakanangwa weEnagás, uyo wabva pa25 euros pachikamu kusvika pamatanho gumi nemanomwe. Ndokureva, mutsauko unofanirwa kuverengerwa seunofungidzirwa kwazvo uye unomiririra kurova kwakanyanya kune zvido zvevashambadzi vadiki nepakati vakatora zvinzvimbo mukosho. Kusvika padanho rekuti mune dzimwe nguva, vanogona kunge vari kurasikirwa nemari pazvivhura nzvimbo mwedzi yakati wandei yapfuura. Mushure mekunge masheya ave pamusoro pe25 euros.
Naturgy imwe yeaya akabatwa
Mhedzisiro iyi yakapesana nezvinodiwa neimwe kambani gasi senge Naturgy. Mune zvikamu zvitatu pamusika wemusika zvakadzikira neinenge 10%, kuve iyo kambani yemagetsi yakave nehunhu hwakashata kupfuura zvese. Mushure meiyo yaive neisina mwero chitarisiko chehunyanzvi uye izvo zvakazvitungamira kukwira zvinzvimbo mukugadziriswa kwemitengo yayo. Kupfuura zvimwe zvakateedzana zvekufunga kwehunyanzvi hunhu uye pamwe zvakare kubva pakuona kwezvakakosha.
Ndichiri kune rimwe divi, zvinofanirwa kucherechedzwa kuti chitarisiko chayo chehunyanzvi chakadzikira nenzira inokosha kwazvo. Kusvika pakuti zviri nani kumirira usati waita sarudzo yezve zvekuita nezviito zvako. Chero hurongwa hwekudyara parizvino hunosanganisira njodzi dzakakomba, dzatinofanira kumirira mazuva mashoma kuti tione zvekuita nenzvimbo dzakashama mune chengetedzo iyi, iyo inosanganisirwa mune yakasarudzika indekisi yemari yenyika, iyo Ibex 35 Iko, ikozvino, iwe Unofanira kumirira kutengesa masheya ako nekuti unogona kukanganisa zvakanyanya kune vanoita mari.
Endesa naIberdrola: zvakanakira kumira
Endesa naIberdrola, kune avo chikamu, havana kurohwa zvakaomarara pamisika yemari. Kuderera kwaro hakunyanyi kupfuura mazinga e3 %, Asi kunyangwe zvakadaro kumanikidza kwekutengesa kwave kwakasimba kwazvo mazuva ano. Nekudzikisira kuti iwo ari maviri maitiro eIbex 35 ayo aive mune akanakisa mamiriro. Ndokureva, mune mamiriro ekumuka akasununguka uye pasina kushora kumberi uye izvo zvakaita kuti zvikwanise kubata kuti iwo ese maviri maitiro anogona kusvika kumatunhu akakwirira. Kubva pane zvinzvimbo zvinogona kuvharwa kuti unakirwe nemari inowanikwa yakave yakagadzirwa kwemwedzi gumi nemaviri. Muzviitiko zvese izvi, kutungamira kukwira muIbex 35.
Ndichiri kune rimwe divi, zvakakoshawo kuti aya maitiro maviri hazvina kunge zvakakanganiswa nehurongwa hwekutonga wakagadzikana magetsi uye gasi mubairo mumakore anouya. Ivo nekudaro vane yakawanda dziviriro yekudzivirira kuderera kwechisimba kwevakwikwidzi vavo mune yakasarudzika indekisi yemari. Kunyangwe parizvino ivo vatove kure zvishoma kure kubva kune avo-ese-akakwirira masosi pane zvavaive nemavhiki mashoma apfuura. Pachave pasina imwe sarudzo kunze kwekumirira, mirira uye mira kuti uburitse kana zvirinani kuti varambe vachigara munzvimbo dzavo kana, kana zvichipesana, nhanho yakanakisa inogona kutorwa kurasa zviito zvavo mumazuva anotevera.
Chii chingaitwe nemagetsi?
Iyi equity chikamu haina kutanga chikamu chechipiri chegore kurutsoka rwerudyi. Kusvika iyo iyo iyo iri chikamu chebhizinesi chakarangwa zvakanyanya uye icho chave chiri kushamisika kukuru kune zvido zvevashambadzi vadiki nepakati. Kunyangwe ivo vachiramba vari pamatanho akanaka kubvira kutanga kwegore, pamwe nekuongorora kuri padyo ne20%. Uye ichi chinogona kuve chikonzero chakanaka chekuvhara nzvimbo uye kuenda kune mamwe masheya pamusika weSpanish wemusika. Hazvishamise kuti yavo yekusimudzira kutenderera inogona kunge yakapera uye ivo havachazvibata sezvakange vachiita mumwedzi ichangopfuura.
Kune rimwe divi, hazvigone kukanganwika kuti aya maviri maSpanish equity anopa goho rinokwezva kwazvo. Nechido chakatarwa uye chakavimbiswa chemazana matanhatu muzana, chimwe chepamusoro-soro mukati meIbex 6 uye chakavaita kuti vagamuchire zvikuru zvisarudzo zvevashambadzi vadiki nepakati Kunze kwemimwe misiyano inogona kugadzirisa kukosha kwayo mumisika yemari. Kusvika padanho rekuti kubva ikozvino uchifanira kuve zvakanyanya kungwarira neaya maviri maitiro yemusika wekuSpain wemusika. Chinhu chatisingazotendei mwedzi mishoma yapfuura.
Parizvino zvinofanirwa kuchengetwa mune yako portfolio
Nezve izvi zvakakosha muchikamu chemagetsi, chiyero chakanakisa kuve nazvo mupotifoliyo. Asi kana paine madonhwe matsva panenge pasina imwe mhinduro kunze kwekubvisa zvinzvimbo zvavo. Pachave nemukana weku tenga zvikamu zvako nemutengo wakaomarara uye pamusoro pezvese kukwikwidza, iine yepamusoro yekuongorora mikana kupfuura pane dzimwe nguva. Naizvozvo, yakawanda inotonhora ropa mumasarudzo atichafanirwa kuita kubva zvino zvichienda mberi. Pazvinenge zvakakodzera kupa vhoti yekuvimba kumakambani maviri anga achinyatsoita zvakanaka mumwedzi yapfuura
Kubva pane ino mamiriro, vadiki nepakati varimi ve imwe nhoroondo yekudzivirira vanogona kuenderera mberi nenzvimbo dzavo dzakavhurika. Chimwe chinhu chakasiyana zvakanyanya chii chinoitika nevatengesi vane mapfupi mazwi ehupenyu anokwanisa kuvhara zvigaro zvekuenda kune mamwe matunhu emunyika equities. Nechinangwa chekuita yako yekuchengetedza inobatsira pamwe nezvakawanda zvivimbiso zvekubudirira. Pamberi pematambudziko ari kuitika muchikamu chino anokwanisa kuwedzera. Zvese izvi nenzira isingafungidzirwe yevatengesi.
Gasi rinodiwa rinokura 6%
Chido chegasi rechisikirwo muSpain chakavhara hafu yekutanga yegore nekukura kwakatenderedza 9% zvichienzaniswa nenguva imwechete yegore rapfuura, ichisvika 195 TWh. Iyi ndiyo nhamba yepamusoro kubvira 2010 yehafu yekutanga yegore. Iko kuwedzera kwave kuchikurudzirwa zvakanyanya ne a yakawedzera kuendesa kwegesi yekugadzira magetsi uye nekuwedzera kwekushandisa kwemaindasitiri.
Kune rimwe divi, kudiwa kwemaindasitiri, uko kwakamiririra 56% yemafuta ese echisikigo, akakura mumwedzi mitanhatu yekutanga yegore ne4% zvichienzaniswa nenguva imwechete mu2018, ichisvika 110 TWh. Iyi ndiyo nhamba yepamusoro yehafu yekutanga yegore sezvo paine marekodhi akaparadzaniswa ekushandisa kwemaindasitiri. Kudiwa kwakakura mune angangoita ese maindasitiri zvikamu, kunyanya mumasevhisi nepepa. Iko kuwedzera kwave kuchikurudzirwa zvakanyanya ne a yakawedzera kuendesa kwegesi yekugadzira magetsi uye nekuwedzera kwekushandisa kwemaindasitiri.