Alithandabuzeki elokuba iinkampani zombane bezizezona ziphambili kwizabelo zamashishini eSpain kunyaka ophelileyo. Uphi eli candelo iyaxabisa malunga ne-15% kwaye oko kwenza ukuba abatyali mali bakwazi ukwenza imisebenzi yabo ngokwenza inzuzo enkulu. Ngokuchanekileyo ngonyaka apho imarike yemasheya ivale unyaka ngamaconsi e-13%. Oko kukuthi, bathathe iindlela ezimbini ezahlukeneyo kwaye banefuthe kwinxalenye elungileyo yabatyali mali ukuba bajike amehlo abo kweli candelo libalulekileyo.
Kananjalo inyanga kaJanyuwari ibiyeyona nto iphambili kwiinkampani ezikwicandelo leenkampani zombane, zisebenzisa ithuba lokuthenga kuthengiso lwentengiso kwihlabathi liphela. Ukufikelela kwinqanaba leenkampani ezininzi amaxesha onke aphezulu. Ngophononongo olufanelekileyo kakhulu kulungelelwaniso lwamaxabiso abo. Kodwa ngoku kubonakala ngathi lifikile ixesha lolungiso, ngomngcipheko wokuba oku kunokuba nzima kakhulu ukusukela ngoku. Ke ngoko, lumka kakhulu ngezikhundla zakho.
Umnyhadala ofanelekileyo kakhulu yinto eyenzekileyo kwiseshoni yorhwebo ngezabelo ngoLwesihlanu odlulileyo. Apho isalathiso esikhethiweyo kwimarike yaseSpain, i-Ibex 35, inyuke phantse nge-2%. Ngaphandle kweenkampani ezikwicandelo lombane, apho I-Endesa yehle nge-1,3%. Ngenxa yoxinzelelo lokuthengisa olwenziweyo ekuphenduleni kunyuko lwamva nje. Nangona ihlala ibonwa ukuba yinto nje yokulungiswa okanye ngokuchaseneyo kukho utshintsho kwindlela yecandelo.
Umbane: amandla abo aphelile
Esinye sezizathu zokuchaza le ntsebenzo ziinkampani zombane kukuba uninzi lwazo lukusebenzisile ukuxabiseka kwabo emva kokuphuhlisa inkunzi yenkomo kwiinyanga ezintathu ezidlulileyo. Oko kukuthi, abasenamdla kubo bathathe izikhundla ngamaxabiso abenawo ngalo mzuzu. Akumangalisi ukuba abatyali mali bakhokele iintshukumo zabo baye kwamanye amacandelo anolindelo olungcono kwiminyaka ezayo.
Kwelinye icala, ayinakulityalwa ukuba ukunyuka akuhlali ngonaphakade kwaye nangawuphi na umzuzu lo mkhwa unokutshintsha. Ukuya kwinqanaba lokuba inokubamba abatyali zimali abancinci nabaphakathi ngonyawo olwahlukileyo. Ngale ndlela, unokufumana ilahleko enkulu ukusukela ngoku. Ingakumbi ukuba sithathela ingqalelo ukuba iinkampani ezikwicandelo lombane zivela kumanqanaba aphezulu kakhulu kwixabiso lazo. Ngayo, umngcipheko uphezulu kakhulu kuneenyanga nje ezimbalwa ezidlulileyo.
Licandelo elilawulwa kakhulu
Ukuba iinkampani ezikweli candelo lichaphazelekayo kwii-equities zikazwelonke zibonakaliswa yinto ethile, kungenxa yokuba ilawulwa kakhulu. Kwaye isigqibo sangoku yiya kuvota ngo-Epreli 28 igcwele ukuthandabuza kwiinkampani ezidwelisiweyo. Ngokukodwa, ngenxa yamathandabuzo athiwe thaca phambi kokuba urhulumente waseSpain alandelayo angenza ntoni. Esi sesinye isizathu sokuba abahlalutyi abahlukeneyo bezemali bachaze ukuba kwenzeka ntoni kanye ngecandelo lombane. Ngaphaya kwezinye iintlobo zokuqwalaselwa kobuchwephesha kwaye kwanakwindawo yokujonga izinto ezisisiseko.
Ngelixa ngokuchaseneyo, kukho umba omiselweyo we iimoto zombane kwaye oko kuyakuxhomekeka kwamanye amanyathelo athathwe ngurhulumente omtsha. Lo mathandabuzo amatsha abamba iinkampani kwicandelo kwaye ezinokuthi zikhokelele ekuhleni ngakumbi kula maxabiso afanelekileyo kwisalathiso esikhethiweyo sezabelo zaseSpain. Ngapha koko, awungekhe ulibale ukuba umzuzu ombi wecandelo.
Ukuthenga okungamkelekanga
Kwelinye icala, ukuthengwa kwezinto ezenziwa ziinkampani zombane nako kunefuthe lokwehla kwamaxabiso ezinkampani zombane. I-Enagás kunye neRed Eléctrica Española. Iindaba ngokuqinisekileyo khange zamkelwe kakuhle kwiimarike zokulingana. Apho nkqu nenkampani yase-US i-S & P Global Ratings iqinisekisile ireyithingi ye 'A- / A-2' yeRed Eléctrica Corporación kunye neRed Eléctrica de España (REE), ngombono 'ozinzileyo, ngaphandle kokucinga ukuba ukufunyanwa kwe-Hispasat Umsebenzi kunye nohlengahlengiso lobuchule "olunzima".
Isenokuba nefuthe kwindaleko yezixhobo, eziye zajika ngemizuzu embalwa zaqala sika ixabiso lakho. Ukuza kwinqanaba lokuba okokuqala kwixesha elide iimpawu zokuqala zovalo zibonakele kubatyali mali abancinci abaphakathi abanezikhundla ezivulekileyo kwizitokhwe zezi nkampani. Ngoxinzelelo olungaqhelekanga lokuthengisa kwizabelo zabo kwaye abangazikhumbulanga kwiinyanga ezidlulileyo. Ngoku isitshixo silele ekubeni ezi ntshukumo ziya kuba nzulu ukusukela ngoku.
Ukuhlukumezeka kukuqhubela phambili konyulo
Akunakwenzeka ukuba iinkampani zombane zezona zichaphazeleka sisibhengezo sonyulo jikelele oluzayo ngo-Epreli. Ngale ndlela, asinakulibala phantsi kwazo naziphi na iimeko ukuba iRed Eléctrica, iEnagás kunye neEndesa zezona nkampani zintathu zichaphazelekayo ngexesha leseshoni yangoLwesihlanu, zikhokele ukuwa kwi-Ibex 35. Bobathathu bavala iseshoni ngokuwa malunga ne-1,2%, ngelixa ngokuchaseneyo Indalo ukwazile ukusombulula le meko kwaye avale kancinane kuluhlaza, njengoko kuye kwenzeka nge-Iberdrola.
Inokuqwalaselwa njengelogic Ukuqokelelwa kwenzuzo Phambi kokuba iinzuzo ezinkulu ziqokelelwe kwiintsuku zokugqibela. Apho abatyali mali bathathe isigqibo sokonwabela iinzuzo zabo xa bejongana nemeko entsha enokuthi iveliswe kwicandelo lombane. Ngaphaya kokunye ukuqwalaselwa kobuchwephesha kwaye mhlawumbi nakwindawo yokujonga izinto ezisisiseko. Ngayiphi na imeko, kwaye ukuza kuthi ga ngoku, lelona candelo likhulu lesabelo kwizabelo. Ukuza kuthi ga kwinqanaba lokuba amathandabuzo amaninzi ayenziwa malunga nokuvela kwayo okulandelayo kwiimarike zezemali kwiintsuku ezizayo okanye kwiinyanga ezizayo.
Iimpawu ezimbi kumzi mveliso
Enye yezona zinto zibalulekileyo ekufuneka zithathelwe ingqalelo kukuba ayizukuba yeyona intle kumacandelo emarike yemasheya xa kujongwa imeko elungileyo kwiimarike zesitokhwe zesizwe. Ewe kunjalo, kukho abanye abanokuphendula ngamandla abo, phakathi kwezinye izizathu kuba bafumene isohlwayo esikhulu kwiiseshoni zokurhweba zamva nje. Kwaye ke, bane ephezulu ephezulu enokubakho kwaye kwezinye iimeko kuqikelelwa ngeenxa zonke kwidijithi. Elinye lala macandelo ngokungathandabuzekiyo licandelo leebhanki elinokuthi lixhamle kakhulu ukusuka kunyuka phezulu kwiimarike zezabelo.
Kwelinye icala, kufuneka kugxininiswe ukuba ukukhula kwiinkampani zombane kunokuba kufutshane kakhulu nokudinwa. Kuzo zonke iimeko, bathengisa ngaphezu kwamaxabiso abo ekujoliswe kuwo Kwaye ayisiyondlela iphambili yokuthatha izikhundla kwiimarike zezemali ngalo mzuzu. Ubuncinci kufuneka uphumle kula maxabiso kwaye uye kwamanye amacandelo esitokhwe aneziqinisekiso ezikhulu zempumelelo. Nangona kuyinyani ukuba nomngcipheko ophezulu, ngakumbi ukuba iimarike zentengiso ziyekwe ukusukela ngoku.
Iberdrola ibalaseleyo kwicandelo
Ngayiphi na imeko, kukho inkampani ebalaseleyo ngokubhekisele koogxa bayo kwicandelo. Imalunga ne-Iberdrola kuba yeyona inexabiso elingcono ziiarhente ezahlukeneyo zezemali. Ngamanye amaxesha, ngengcebiso yokuthenga ngaphandle kokurhweba okwangoku kumanqanaba akufuphi 7,20 euro ngesabelo ngasinye. Kodwa ngaphandle koku, ibandakanyiwe kwipotifoliyo yotyalo-mali yenxalenye elungileyo yabalamli bezemali. Ukongeza, izisa ulwahlulo olwahlula-hlula olunomtsalane kakhulu kubatyali mali. Ngesivuno esimalunga ne-6% ngonyaka kwaye siqinisekisiwe.
Ngelixa kwelinye icala, isicwangciso seshishini sale nkampani yombane sixatyiswa kakhulu ziimarike zezabelo. Ukuba yenye yeenkampani kwisalathiso esikhethiweyo sentengiso yesizwe egcina ephezulu ivolumu yokurhweba kwiinyanga ezidlulileyo. Nangona ukunyuka kwayo, kwelinye icala, kuye kwanzima kakhulu kwaye kusengqiqweni ukuba kufuneka ubenazo ezi ntshukumo ukuba ufuna ukuqhubeka nokuxabisa kwiinyanga ezizayo. Ngayiphi na imeko, lukhetho olufanelekileyo lwesitokhwe ukukhuseleka ngakumbi kutyalo-mali kwii-equities.
Okokugqibela, kufanele ukuba kuqatshelwe ukuba yinkampani ekweli candelo ebonelela ngeyona nxaki ilungileyo phakathi kwengeniso yayo kunye neengozi ezichaphazelekayo ekusebenzeni kwayo. Ngaphezulu kwabo bonke abanye abakhuphisana nabo kweli candelo lifanelekileyo lee-equity zesizwe. Ukuya kwinqanaba lokuba isenokunika umdla kutyalo-mali kwiintsuku ezimbalwa ezizayo. Ngethuba lokuhlala ngokusisigxina eliza kuya kwixesha elifutshane okanye eliphakathi. Nangona kunjalo akufuneki balindele ukubuya okubhengezwe kakhulu emva kokugqibela kokuqhutywa kwexabiso kwixabiso lemarike yemasheya. Kuluhlu olusuka kwi-3% luye kwi-8%.