Ngaphandle kwenyani yokuba imbonakalo yesalathiso se-equity equity index, i-Ibex 35, ayisiyonto intle kakhulu, inokubanakho ukuphinda ibe nakho okunomdla. Kunye amanqanaba angaphezulu kwe-10% kwaye ihlala ijolise kwixesha eliphakathi nelide njengenye yeendlela zotyalo-mali onokuzisebenzisa ukusukela ngoku. Ngayiphi na imeko, ezi zizitokhwe esele zisekude kakhulu kwaye nangawuphi na umzuzu kuya kufuneka zisabele kumanqanaba abo awongamileyo.
Enye yeempawu zabo kukuba kwiimeko ezininzi zidwelisiwe iinkampani ezinegalelo lexabiso. Ngamanye amagama, ixabiseke kakhulu kwiimarike ze-equity kwaye ngoku ibonisa a ukwehla okukhulu kumaxabiso abo ngezizathu ezahlukeneyo. Kukuphi ukwenza ithuba elihle leshishini ukuba awuzukuya ngqo kwimisebenzi kwixesha elifutshane. Ukuze ngale ndlela, ubekwimeko yokwenza ukuba utyalomali lwenkunzi luzuze kwisicwangciso esiliqili.
Oku emva kwayo yonke into onokuyenza kwezinye zexabiso elifanelekileyo ze-Ibex 35, kwaye phakathi kwazo ezinye ze Iichips eziluhlaza kwamashishini ezabelo zamazwe Ngelixa kwelinye icala, inokusetyenziselwa ukwenza ibhegi yokonga enamandla enexabiso lexesha elide. Nangona kuyinyani ukuba amaxabiso ezokhuseleko uya kuba nakho ukubona ngamanqanaba asezantsi kwiinyanga ezizayo. Ukuya kwinqanaba lokuba kunyaka olandelayo banokuhla kakhulu. Ngapha koko, iinjongo zakho zikumaxesha ahluke ngokupheleleyo.
I-Telefónica kwii-euro ezingama-8
Emva kokuwa kokugqibela kwimarike yemasheya, umngcipheko kwizikhundla zeli xabiso le-Ibex 35 wehle kakhulu. Ngaphakathi kwezicwangciso zotyalo-mali 'injongo yokuqala kufuneka ukuba isondele kakhulu kwi-euro ezingama-8 ngesabelo ngasinye, nangona iya kuba yeyethuba eliphakathi. Kuba inika inkxaso eyomeleleyo kwi-7,40 ye-euro kwaye iya kulibazisa ngakumbi ukunyuka okuphezulu kweli xabiso kwaye susa uxinzelelo lokuthenga kwiinyanga ezimbalwa ezizayo. Ngayiphi na imeko, lolunye lokhuseleko lwe-Ibex 35 olunokubanakho ukuphinda luphuculwe ngokutsha kwizikhundla ezikhoyo.
Olunye ukhuseleko lwesitokhwe olunexesha elide lokwenza ingeniso kwimisebenzi yokuthengwa kwezabelo yi-Endesa. Logama nje behleli ngaphezulu kwamaxabiso onawo kwisikhundla sakho ukwanda ngokukhululekileyo, malunga neeyure ezingama-24,10. Ukuba idlulisiwe inokufikelela ngokugqibeleleyo kwinqanaba lama-euro angama-27. Ngamanye amagama, isenokuphinda ibe nohlengahlengiso olunokubakho kufutshane ne-20%, emva kwako konke ukwanda okwenzekileyo ukusukela ngehlobo lonyaka ophelileyo.
Injongo kaSantander kwii-euro ezintlanu
Ujoliso lweBanco Santander luqikelelwa kwii-euro ezingama-5 ngesabelo ngasinye, ngaphezulu kwe-3,70 ekuthengiswa kuyo ngoku. Ngelixa kwelinye icala, kufuneka kuboniswe ukuba yibhanki enayo iingcebiso eziphambili ngabalamli bezemali. Apho inokuba lithuba lokuthenga elicacileyo lexesha eliphakathi kwaye ngakumbi ixesha elide. Nangona kunjalo inokuphulukana nexabiso kwiintsuku okanye kwiinyanga ezizayo.
Into efanayo yinto eyenzekayo ngezabelo ze-BBVA kwaye ukuba ukumisa ukufezekisa ixabiso ekujoliswe kulo ngabarhwebi behlabathi abaphambili kumanqanaba e-6 euros ngesabelo ngasinye. Ngale ndlela, ayinakulityalwa ukuba eli xabiso livela kwi-euro ezingama-9 kwaye ngokwenza oko kuthetha ukuba izabelo zalo zehle ngama-50% ngaphezulu kwezikhundla zabo ekuqaleni kwale ntshukumo yokulungisa. Kwelinye icala, lelinye lamacandelo ezinto ezibhankini asebenze gwenxa kulo nyaka.
I-Arcelor ngaphezulu kwama-euro angama-20
Kuzo zonke izinto ezikhuselekileyo, iArcelor yeyona inowona mgangatho uphakamileyo wokunyuka. Nangona yi- Ixabiso lokujikelezaNgamanye amagama, inokuziphatha kakubi kunayo yonke eminye imeko yeemeko zentengiso. Kodwa xa kufika amaxesha amnandi esitokhwe, ngekhe kumangalise ukuba izabelo zigqithe kumqobo obalulekileyo kwi-euro ezingama-20 ngesabelo ngasinye. Ukuba lelinye lamathuba oshishino nawo ixesha elide. Ungaze usebenze ixesha elifutshane kakhulu kuba kwimeko enjalo umngcipheko uphezulu kakhulu.
Ngelixa kwelinye icala, kufanelekile ukuqaqambisa ukhetho lokuthenga kwinkampani yeoyile yelizwe iRepsol kuba imele enye indlela esebenzayo yokwenza ukonga kunenzuzo kwiminyaka embalwa okanye njalo. Kananjalo ukuxhomekeka kwayo ngokugqithileyo kwixabiso elingaxabisekanga. Uqikelelo lwabahlalutyi be-equity lubonisa ukuba kungaphumelela ezimbalwa Ixabiso lisondele kakhulu kwi-euro ezingama-20 isabelo esivela kwi-euro ezingama-14 apho zidweliswe ngalo mzuzu. Ukongeza, sisiphakamiso kwimarike yemasheya esibonisa imeko yezobuchwephesha engenakulinganiswa kwaye emema abatyali zimali abancinci nabaphakathi ukuba bathathe izikhundla nakwezobuchule.
USabadell angadlula kwi-euro
Ewe kunjalo, akukho njongo inye ngaphandle kokuthatha iyunithi enye ye-euro kule bhanki yesizwe kwaye inokufezekiswa kwiinyanga okanye kwiminyaka ezayo. Nangona kufuneka siqwalasele ukuba ikwinkqubo yokwenza iqela namanye amaziko emboleko kwaye ke oko kunokuluguqula ixabiso loxabiso kwimarike yemasheya. Ngobungozi obukhulu kwizikhundla ezivulekileyo kuba ezinye izinto ezimangalisayo zingenziwa malunga nezi ziganeko kwicandelo.
Ayothusi into yokuba kuqikelelwa ukuba inokudibana ne-Santander okanye i-BBVA, nto leyo ethetha ukuba ulungelelwaniso olupheleleyo kwicandelo lezemali. Elona nyathelo lilumkileyo ngeli xesha iya kuba kukuyeka ukwenza nayiphi na imisebenzi kwiimarike zezabelo phambi kwento enokwenzeka. Kwelinye icala, lelinye lamacandelo ezinto ezibhankini asebenze gwenxa kulo nyaka.
Ukuphela kwe-euro ezingama-27
Iziphumo ze-Endesa zeenyanga ezilithoba zokuqala zonyaka zilandele umgca olungileyo obekwe ngabo baboniswe ukuya kuJuni, ovumela ukuba kulindelwe ukufezekiswa kweenjongo ze-2019 ezaziswe yinkampani kwintengiso ngaphakathi kwesakhelo seSicwangciso-qhinga sayo. Ulawulo olulungileyo lwentengiso ekhululekileyo, kwindawo enzima kakhulu, kokubini kumashishini ombane kunye negesi, iyaqhubeka nokuba ngumba ophambili kwezi ziphumo zilungileyo, ezongezwe kuzinzo lwentengiso elawulwayo kunye nempumelelo kwindleko zokuthintela umgudu.
Kwelinye icala, kufanele kuqatshelwe ukuba kubekho ukwehla okukhulu kwimfuno yombane kwiinyanga ezilithoba zokuqala zonyaka (-3% ngokweendlela ezilungelelanisiweyo) ngenxa yamaqondo obushushu aphezulu ngeloxesha kunye nefuthe ukwehla kombane.uqoqosho ekusetyenzisweni kwamandla kweenkampani ezinkulu. Apho i-CEO ye-Endesa, uJosé Bogas, eqinisekisile ukuba "utyalomali kumandla ahlaziyekayo kunye nokwenza ikhompawundi ijongene nenkqubo yeyona nto iphambili yokuqhubeka nokubonelela ngeziphumo ezilungileyo kwintengiso eziya zisiba nzima. I-50% yalo lonke utyalo-mali lwethu kunye ne-80% yalo lonke utyalo-mali lophuhliso kwezi nyanga zisi-9 zokuqala ibizeziprojekthi ezinokuhlaziywa.
I-Inditex iseta ikhosi ye-30 euro
Intengiso yeQela le-Inditex kwisiqingatha sokuqala se-2019-phakathi kukaFebruwari 1 noJulayi 31- inyuke nge-7%, yafikelela kwi-12.820 yezigidi zeerandi okokuqala. Kwizinga lokutshintshiselana rhoqo, ingeniso ikhule nge-7%. Ukuthengisa kwiivenkile ezinokuthelekiswa, okwangoku, kwakhona, kugcinwe izinga lokuhluma eliqinileyo kwaye lonyuka nge-5%, ngokunyuka okuqinisekileyo kuzo zonke iifomathi nakuzo zonke iindawo zeendawo, kuzo zombini ezivenkileni nakwi-intanethi.
Le ntsebenzo eqinileyo ikwazile ukuzisa inzuzo kwi-1.549 yezigidi zeerandi, idlula nge-10% ye-1.409 yezigidi zeerandi kwisiqingatha sokuqala sika-2018. Eli nani libonisa ifuthe loMmiselo we-IFRS 16, ngaphandle kwayo inzuzo ibizakuba njalo. inyuke nge-7%. Kwimigca efanayo, i-Ebitda kunye ne-Ebit, ekhule nge-47% kunye ne-14% ngokwahlukeneyo, iya kuba nokukhula okuhle kwe-8% kunye ne-7%. Ulawulo lubonakaliswa ngokukodwa kwimali eqinileyo yemali, efikelela kumaxesha onke aphezulu, ikhula nge-13% ukuya kwi-6.730 yezigidi zeerandi.
Kuzo zonke iimeko, oko akuthethi ukuba la maxabiso aya kuhlangatyezwa kwiminyaka ezayo. Ukuba akunjalo, ngokuchaseneyo, lixabiso elisebenza njengesikhokelo semisebenzi yakho kwimarike yemasheya. Njengenye yeeparameter onokuzisebenzisa ukuthatha isikhundla kwezinye zexabiso eliveziweyo. Ngayiphi na imeko, ezi zizitokhwe esele zisekude kakhulu kwaye nangawuphi na umzuzu kuya kufuneka zisabele kumanqanaba abo awongamileyo. Ukuze ngale ndlela, uphuhlise iphothifoliyo elandelayo yotyalo-mali kwiimarike ze-equity.