I-ACS ibuyile kusuka ekuphakameni kwayo maphakathi no-Mashi ngama-20% angaphezulu nje. Njengoba kungenye yezibambiso ezithinteke kakhulu kunkomba ekhethiwe yemali engenayo yezwe lethu, i-Ibex 35. Kufike ezingeni lokuthi ifinyelele emazingeni angama-euro ayi-11 kusabelo ngasinye ngemuva kokuba kusondele kakhulu kuma-euro angama-40 ekupheleni konyaka odlule. Lokhu kusabela ezimakethe zezezimali bekungaqagelwa ngandlela thile njengoba bekuhweba ngaphansi kwenani lalo lebhuku futhi kunesabelo esivelele sezabelo. Enkampanini egcina okulindelwe emigqeni yayo yebhizinisi eminyakeni embalwa ezayo.
Kuphinde kwahlomula neqiniso lokuthi kube khona ukubuyiswa okuphawulekayo ku-Ibex 35 emasontweni amabili edlule. Lapho ingcindezi yokuthengisa yehlile futhi, okubaluleke kakhulu, izinga lokuntengantenga lehlile ezinkampanini ezibhalwe ezimakethe zezimali. Kulesi simo jikelele, kufanele kukhunjulwe ukuthi ukubuyela emuva ngesonto eledlule sekuvele kufinyelele kuma-22%, futhi konke kubonakala kukhombisa ukuthi kuyaqhubeka nenkambo yakho esikhathini esifushane. Eqinisweni, kusabhekwa njengesimo esingenzeka kakhulu ukunyakaza emaceleni ngomqansa omncane oya phezulu futhi ngezinhloso kumaphoyinti angama-7.500 XNUMX. Ngamanye amagama, ngalezi zinto ezilindelwe kusengaba khona ukuvuselelwa.
Kulomkhuba enkombeni ekhethiwe yamasheya aseSpain, akungabazeki ukuthi esinye sezokuphepha esiye sazuza kakhulu yi-ACS, njengoba sekucaca kulezi zinsuku. Ukuba ngenye yezinkampani eziyisikhombisa ezibalulwe ezazise kakhulu, nangaphezulu kwe- ama-chips amakhulu aluhlaza okwesibhakabhaka avela ku-Ibex 35. Yize manje umbuzo ophakanyiswe yingxenye enkulu yabatshalizimali abancane naphakathi ukuthi ngabe le nhlangano ekhuphukile isiphelile yini noma kunalokho inendawo yokuqhubeka nokukhuphuka. Ngenhloso yesikhathi esifushane engaba ngu- € 22-23 ngesabelo ngasinye, yize kusekude kusuka ezikhundleni zabo zokuqala.
I-ACS: i-bullish esikhathini esifushane
Kunoma ikuphi, inkampani yokwakha eholwa nguFlorentino Pérez nguyena onengcindezi enkulu yokuqhathanisa kulezi zinsuku. Hhayi ize, esikhaleni esifushane kakhulu isuke ku-11 iye ku-19 euros ngesabelo ngasinye. Isinyathelo esibaluleke kakhulu sokunciphisa ukulahlekelwa kwakho ezimakethe zezimali futhi esingakhuthaza abatshalizimali abancane nabaphakathi ukuba baxhumane okokuqala nezikhundla zale nkampani esohlwini. Manje okusele okufanele kuhlolwe ukuthi ngabe lokhu kuhamba kuyingxenye yesiphambeko esikhulu noma uma, kunalokho, kuyinto enkulu kakhulu. Isibonelo, ushintsho kuthrendi esikhathini esifushane futhi kucatshangelwa ukuthi amasheya e-ACS abe ngawodwa awele kakhulu enkingeni ye-coronavirus.
Ngaphakathi kwalo mongo, i- radicalism enkulu ekunyakazeni lokho kukhombisa lezi zinsuku. Kokubili ngomqondo owodwa nakokunye nokuthi ngandlela thile kumangaze abatshalizimali abancane nabaphakathi. Ngoba empeleni, kukhiqize umehluko phakathi kwamanani asezingeni eliphakeme naphansi kuseshini eyodwa yokuhweba engaphezu kuka-10%. Ngamazinga acishe afane kakhulu namanani avela emkhakheni wezokuvakasha, okungangabazeki ukuthi okuthinteka kakhulu ngokwanda okukhulu kwaleli gciwane emhlabeni wonke. Ngandlela thile, kudukisa ukusebenza kwabasebenzisi be-stock market.
Dubula isabelo sakho sifike ku-13%
Omunye wemiphumela efanelekile yalokhu kwehla kokulinganiswa kwemakethe yamasheya kube iqiniso lokuthi isivuno sesabelo se-ACS sinyukele emazingeni kusondele kakhulu ku-13% kusuka kuma-6% angaphambilini. Ngakolunye uhlangothi, kufanele kuqashelwe ukuthi okwamanje yinkampani efakwe kuhlu enikeza amaholo aphezulu kubaninimasheya. Yize le migwaqo incishisiwe ngenxa yokubuyela emuva eye yabhekana nayo ezinsukwini ezedlule. Ngenzuzo engaphezu kwaleyo eyenziwe izinkampani zikagesi. Njengesibonelo, esimweni esithile se-Iberdrola, i-Naturgy noma i-Endesa, enikela ngenani lenzalo cishe ye-6% noma i-7%. Kuwo wonke lawa macala, izinzuzo ziye zagcinwa kulimaza amaqembu ezezimali akhethe ukumiswa kwalomholo.
Ngenkathi ngakolunye uhlangothi, i-ACS ayinakho ukukhetha ngaphandle kokuthi qhuba futhi uptrend Ngoba kungaba nzima kakhulu kubo ukuthi bakhiqize isabelo esingaphezu kuka-10% kusukela manje kuqhubeke, njengoba kwenzeka manje. Kunoma ikuphi, kunento eyodwa ecace bha futhi lokho ukuthi inzuzo yale nkampani yokwakha isivele ingenye ephezulu kakhulu kunkomba ekhethiwe yezimali ezweni lethu. Kulokho okulungiselelwe njengenye yezikhuthazo ezinkulu kakhulu zabatshalizimali abancane nabaphakathi ukungena ezikhundleni zabo. Ngenhloso yokwakha ukushintshaniswa kokulondolozwa okungathathi cala esikhathini esimaphakathi futhi ikakhulukazi isikhathi eside. Ikakhulukazi kubasebenzisi abanephrofayili yokuzivikela noma yokulondoloza.
Ukuziphatha okungcono kunakho konke okunye
Isibonakaliso esihle kunazo zonke ukuthi i-Ibex 35 isondele kakhulu kumaphoyinti angama-7000 ngesikhathi sesonto eledlule ukuthi ukubuyela emuva unemikhawulo efinyelela ku-7400 futhi lapho ukubona ukuthi ukubuyela emuva kuyaqhubeka. Lapho enye yamagugu engenza kahle kakhulu yile nkampani yokwakha. Ngokuphambuka kwamanani angaba phakathi kwamaphoyinti owodwa namaphesenti amabili maqondana nezikhundla zezinye izihloko zenkomba ekhethiwe yemakethe yamasheya yezwe lethu. Ngakolunye uhlangothi, okubaluleke kangako ukuthi i-ACS ebonakala sengathi yenzekile futhi ngalo mqondo ihlala kuphela ukuthuthuka ezikhundleni zayo. Ngethuba lokubuyekeza elingaphezu kokuqaphelekayo kusuka manje kuye phambili nangaphezulu kwamanani omkhakha webhizinisi ofanayo.
Kumele kuqashelwe futhi ukuthi ngalesi sikhathi konke kusezandleni zokunyakaza ezimakethe zezimali. Ngamanye amagama, akuncikile emathubeni akho ezimakethe zezezimali. Uma kungenjalo, ngokuphambene nalokho, into enquma ukulinganiswa kwezinkampani yigciwane ngokwalo kanye namandla alo okulinqanda kusukela kulo mzuzu kuqhubeke. Kepha-ke ukusabela kwe-ACS bekungaphezu kokwenelisa kulezi zinsuku futhi ngendlela ethile kungalindelwe ingxenye enhle yabatshalizimali abancane nabaphakathi. Njengeqiniso lokuthi iveza izisekelo ezithile eziphawuleka kakhulu. Futhi uma ngaphambi kokuthi bekuhweba kakhulu kuma-euro angama-40, akunakuba yilokho manje ebiza ngaphansi kwama-euro angama-20 ngesabelo ngasinye. Lokho wukuthi, ngesaphulelo esingaphezu kuka-50%.
Ngaphezu kwalokho, kuneqiniso lokuthi kuze kube yizinyanga ezimbalwa ezedlule ukulinganiswa ngabalamuli bezezimali bekugculisa kakhulu izintshisekelo zabatshalizimali abancane nabaphakathi. Kuzo zonke izimo ezinamamaki angaphezulu kwama-euro angama-30 nangolindelo oluhle kakhulu eminyakeni ezayo. Lapho bekungenye yamagugu azinzile kakhulu ngaphakathi kwe-Ibex 35 ngakho-ke enye yezintandokazi zabathengisi bezwe nangaphandle kwemingcele yethu. Ukuba khona engxenyeni enkulu yamaphothifoliyo okutshalwa kwezimali okwenziwe ngabaphathi besikhwama sokutshala imali. Ukuba ngenye yezindinganiso ezisebenza kakhulu uma kuziwa ekwakheni iziteshi zokutshala imali ukwenza inzuzo ngokulondolozwa kwamakhasimende ezinhlangano zezezimali. Yize kusasele amasonto amaningi ukubona ukuthi iyiphi indlela azoyithatha kule minyaka embalwa ezayo.
Ikhula ngo-7% ngo-2019
Ukuthengiswa kwe-ACS Group ngo-2019 kufinyelele kuma-euro ayizigidi ezingama-39.049, okuveza ukwanda kwama-6,5% ngenxa yamandla akhonjiswe izimakethe zaseNyakatho Melika, e-Australia naseSpain, ezibaluleke kakhulu eqenjini. Ukuthengisa eNyakatho Melika kuveza ama-50% esewonke, i-Europe i-20%, i-Australia i-19%, i-Asia 6%, iNingizimu Melika i-6% ne-Afrika i-1% esele. Ukuthengisa eSpain kubalwa i-14% yengqikithi.
Ngamazwe, i-United States, i-Australia, iSpain, iCanada kanye ne-Germany banikela ngama-82% wokuthengiswa okuphelele. Ngenkathi ngakolunye uhlangothi, iphothifoliyo ekugcineni kwe-2019 ibimi kuma-euro ayizigidi ezingama-77.756, ikhula nge-7,7% (6% isusa umphumela wezinga lokushintshisana). Lapho inzuzo ephelele yokusebenza (i-EBITDA) ifinyelele ku-3.148 million euros, inyusa i-7,0% futhi ithuthukisa umkhawulo nge-10 bp iye ku-8,1% ekuthengisweni. Ngokwengxenye yayo, inzuzo yokusebenza ephelele (i-EBIT) yama-euro ayizigidi ezingama-2.126 inyuke ngo-3,7%. Umkhawulo wokuthengisa ume kuma-5,4%. Kulokho okulungiselelwe njengenye yezikhuthazo ezinkulu kakhulu zabatshalizimali abancane nabaphakathi ukungena ezikhundleni zabo. Ngenhloso yokwakha ukushintshaniswa kokulondolozwa okungatheni noma okuncane kwesikhathi esimaphakathi futhi ikakhulukazi isikhathi eside. Ikakhulukazi kubasebenzisi abanephrofayili yokuzivikela noma yokulondoloza.