Enye yeenjongo zakhe nawuphi na umtyali mali kukuvula izikhundla kukhuseleko olunokwenza ngcono kunabanye. Esi sisigqibo esikhoyo kuso nasiphi na isicwangciso sotyalo-mali, nokuba yeyiphi na iprofayile ekhoyo kubatyali mali abancinci nabaphakathi. Akumangalisi ukuba ibe Umahluko wama-euro amaninzi kwingxelo yengeniso ukusukela ngoku. Kuhlala kukho amacandelo kunye nezitokhwe ezenza ngcono ngokuxhomekeke kumzuzu wokudibana kweemarike zezabelo. Zizo ke ezo asethi eziyimali ekufuneka sizisombulule kulo nyaka sizisungulayo.
Kwimarike yemasheya akukho ndlela yokuziphatha, kude nayo. Ukuba akunjalo, ngokuchaseneyo, kukho umahluko obonakalayo kuqwalaselo lwamaxabiso ukusuka kwisitokhwe esinye ukuya kwesinye. Ukuya kwinqanaba lokuba banako fikelela ngaphezulu kwe-3% okanye nangakumbi ngamandla. Kukuchongwa ngokuchanekileyo kwezi asethi zemali ezinokukhokelela kutyalo-mali lube nenzuzo okanye hayi ngexesha elithile, njengoko kusengqiqweni ukucinga. Ukuthatha izikhundla kwinkampani edwelisiweyo kwicandelo lebhanki akufani nokuthatha izikhundla kwiinkampani zombane. Ukuvela kwayo ngokuqinisekileyo akusoloko kufana, njengoko kunokubonwa kwiminyaka yakutshanje.
Xa utyala imali kwimarike yemasheya akukho mathandabuzo ukuba kufuneka ujolise kwezokhuseleko icandelo elingcono lobugcisa unayo ngelo xesha. Njengalezo zibonisa ukushukuma okuphezulu okujikelezayo kwaye kwithiyori zezona zinamavoti aphezulu anokunyuka ngamandla kwiimarike zezemali ukusukela ngala mzuzu ukuya phambili. Ngokukodwa ukuba imisebenzi ijolise kwelona xesha lifutshane kwaye zezona zidinga esi sicwangciso kutyalo-mali olukhethekileyo. Kungenxa yokuba nayiphi na impazamo malunga noku inokubiza imali eninzi kuthi malunga nenzuzo, yiyo le nto imalunga noku. Ngoku ayikokusebenza ngokufanayo okunikezelwa zizabelo ze-OHL njengakwinkampani yeoyile iRepsol.
Amaxabiso afanelekileyo: Iberdrola
Inkampani yombane ekubhekiswa kuyo ikwimeko ye- ukwanda ngokukhululekileyo kwaye ke ngenxa yoko ayinangxaki ngaphambili kwaye le nto ingayinceda ukuba iqhubeke nokukhula kwiintsuku ezizayo. Kungenxa yokuba ayinakulityalwa ukuba iphinde yazibeka kwimeko yonyuka yasimahla yeyona ilungileyo kwimidla yabatyali mali abancinci nabaphakathi. Emva kokugqitha kumanqanaba ee-9,80 ze-euro kwisabelo ngasinye. Kuyinto engagungqiyo ekhuthazayo kuwo onke amaxesha abekiweyo kwaye akukho khetho ngaphandle kokunyuka nokunyuka kwiinyanga ezizayo. Kuba kwimeko apho iimarike zokulingana zikazwelonke ziwa, inokuthi isebenze njengexabiso elikhuselekileyo kwaye iqhubeke nokuxabisa ngokuhambelana namaxabiso ayo. Ukujolisa kubasebenzisi abanesikhundla sokuzikhusela okanye sokugcina abafuna ukuba nengxowa yolondolozo engaphezulu okanye engaphantsi. Ngokusasazwa kwesahlulo ngenqanaba lenzala eliyi-6%, enye yezona zisasazwe kakhulu kwi-Ibex 35.
I-Cellnex i-teleco yefashoni
Kuyo nayiphi na ipotifoliyo yotyalo-mali eli xabiso lemarike akufuneki lilahleke, lelona lixabise kakhulu kunyaka ophelileyo. Kungenxa yokuba yonke into ibonakala ngathi kulo nyaka izokwazi ukuqhubeka nokwenza kakuhle kakhulu kwiimarike ze-equity. Ngokusebenza okungcono kunamanye amaxabiso kunye nokhuphiswano. Nangona kunokuba kunjalo kungenjalo ngamandla aphuhliswe kunyaka ophelileyo. Kuyo nayiphi na imeko, yenye yexabiso elimiselweyo ukubandakanya kwipotfoliyo yethu elandelayo yotyalo-mali kule minyaka imbalwa izayo. Ngomgca weshishini owamkelwe ngokukhawuleza ngabatyali mali. Ukuya kwinqanaba lokuba inokuba sesinye sezindululo kwimarike yemasheya enokunika uvuyo ngakumbi kubanini bezabelo.
I-Ferrovial inyusa kakhulu
Ukunyuka kwayo akukho nto ingenasiphako kwaye akukho zilungiso zobunzulu kwiinyanga nje ezidlulileyo. Ngenye yeenkampani zokwakha ezilungileyo ngokubhekisele kulungelelwaniso lwamaxabiso nangaphezulu kokuvela kokhuphiswano. Esi sesona sizathu saneleyo sokuvula izikhundla ngeli xabiso lokunyuka. Ngelixa kwelinye icala, ayinakulityalwa ukuba imigca yeshishini layo ikhokelele kwinani elikhulu labalamli bezezimali abayincomayo kubaxumi babo. Ngokunokubakho ukuphinda kuqikelelwe okusaqikelelwa kakhulu kwaye okunokumela i-euro ezininzi kwinzuzo yokusebenza. Ngokusasazwa kwesahlulelo esibonelela ngembuyekezo kufutshane ne-5% kwaye ngokuhambelana nezo ezinye izinto ezibalulekileyo zokhuseleko ezifakwe kwi-Ibex 35.
I-Enagás ngombono we-euro ezingama-25
Ewe amandla ayo okuhlaziya ayingowona uphakamileyo kwisalathiso selizwe lethu. Ngale ndlela, abahlalutyi abohlukeneyo bezemali banika izabelo zabo kwixabiso elijolise ngaphezulu kwe-25 yeuros kwisabelo ngasinye. Kodwa ngamathemba angcono kunabanye abakhuphisana nabo kwizabelo zaseSpain. Ke ngoko, lixabiso elinconyelweyo ukusukela ngoku ukuya phambili yinxalenye yeepotfoliyo zethu zokhuseleko kwaye ziyasebenza kule minyaka imbalwa izayo. Kungenxa yokuba inika ubuchwephesha obucebisa kakhulu ukuthatha isikhundla kule ndawo yonyaka. Ngoncedo olongezelelekileyo lokusasaza esona sabelo siphezulu se-Ibex 35, sinomdla osondele kakhulu kwi-8%. Isiteyitimenti senjongo yabatyali mali abancinci nabaphakathi.
I-BBVA yebhanki enezona zinto zibalaseleyo
Ukuza kuthi ga ngoku liziko elinelona candelo lobugcisa lilungileyo ngalo mzuzu. Ngesandla sasimahla ukuze iye kumanqanaba ee-euro ezingama-6 ngesabelo ngasinye. Logama ikhatshwa kukusebenza ngokukuko kwesalathiso sesitokhwe sesizwe. Ukongeza, ukubanakho ukuba kungadibana ne-Bankia kwixesha elifutshane kuyacatshangelwa kwaye esi sisiganeko esidibeneyo esinokusixhamla kwikoteyishini yamaxabiso. Njengoko injalo ngoku ithengisa ngesaphulelo esiphezulu kumaxabiso aso kwiimarike zezabelo.
I-BBVA ifikelele kwisivumelwano neBanco GNB Paraguay, inkxaso-mali yeGrupo Financiero Gilinski, kwintengiso ye-100% yesitokhwe esikhulu seBBVA Paraguay, ngexabiso eliqikelelweyo nge-270 yezigidi zeedola (malunga ne-240 yezigidi zeerandi). Ixabiso elithethiweyo liphantsi kohlengahlengiso lwesiqhelo kolu hlobo lwentengiselwano phakathi komhla wokutyikitya kunye nomhla wokuvala wentengiselwano. Ukuza kuthi ga namhlanje, kuqikelelwa ukuba intengiso iya kuba nengeniso ye-capital ye-20 yezigidi zeerandi kwisiphumo esidityanisiweyo seQela le-BBVA kunye nefuthe elihle lokujikeleza amanqaku amahlanu kwisiseko se-CET1 esigcweleyo.
Ukubheja Naturgy kwizinto ezinokuhlaziywa
I-Naturgy ithathe amanyathelo ngokuthatha isigqibo ngo-2019 ukuxhasa utshintsho lwamandla, ngokuhambelana noko kubekiwe kwisiCwangciso soBuchule se-2018-2022, esibonisa inkqubela phambili ebalulekileyo kumxube wamandla ozinzileyo. Inkampani yayiyeyokuqala ukunxibelelana ngokuvalwa kwazo zonke izityalo zayo zamalahle ngexesha lokunikezelwa kwesicwangciso sobuchule se-2018-22, kwaye sele icele imvume ngokusemthethweni yokuyenza, ngaloo ndlela iba ngomnye wabadlali abaphambili ekubhejeleni kokucocekileyo amandla.
Ke, kwi-1.700 yezigidi ze-euro ezityaliwe liqela kwi-2019, malunga nezigidi ezingama-600 zabelwa kutyalo-mali kwizinto ezinokuhlaziywa. Ngenxa yoko, kwi-2019 inkampani inyuse amandla ayo ahlaziyiweyo efakiweyo phantse ngama-22%, yafikelela phantse kwi-5.000 MW kwihlabathi liphela.
Kwelinye icala, i-Naturgy isebenzise uthotho lwamanyathelo olawulo athe akhokelela ekunciphiseni iprofayili yomngcipheko kwaye ngenxa yoko isombulula imeko yezamandla. Bakwacacisa inkqubela phambili ebonakalayo kwisicwangciso sayo sokusebenza, kunye nomgaqo-nkqubo womvuzo wabanini zabelo.
Ndiyabulela kuko konke oku, inkampani irekhodishe inzuzo yesiqhelo ye-1.432 yezigidi ze-euro ngeli xesha, i-15% ngaphezulu kune-2018, ngelixa i-EBITDA yayo eqhelekileyo ime kwi-4.668 yezigidi zeerandi (+ 6%). I-Naturgy ke ikwazile ukugqitha kuqikelelo lwesivumelwano seefemu zabahlalutyi abathathe inxaxheba kulungiselelo lwayo kwaye baqikelela umndilili we-EBITDA kunye ne-net yenzuzo ye-19 kunye ne-4.487 yezigidi zeerandi, ngokwahlukeneyo.
Ngokuqinisekileyo sesinye sezindululo zokufaka imali yethu kwiimarike zezabelo. Ngethuba elingcono kunelinye, ubuncinci ngokubhekisele kwixesha elifutshane ngakumbi eliphakathi. Kungenxa yokuba ukongeza, ziinkampani ezigcina ukuzibophelela kwabo ekuhlawuleni abo banezabelo, abaya kufumana isabelo esiphawuleka kakhulu esilawula iziphumo ze-2019.Ngamanye amaxesha, baya kuhlawula isabelo esincedisayo xa sele samkelwe ziintlanganiso zabo ngokubanzi zabanini zabelo. Umzekelo, i-Enagás, eyonyuse yaya kwi-1,74 ye-euro kwisabelo ngasinye kwaye yenye yezona ziphezulu kwimarike.