Abatshalizimali abasesimakethe samasheya bazoba nomuzwa ongemnandi ngezindaba zokuthi inkampani kagesi i-Endesa izokwehlisa izabelo zayo kusukela ngonyaka wezi-2021. Lokhu kuyinto ebhekiwe ku Uhlelo lweStratéi-gico yesikhathi esisukela kowezi-2019 kuya kowezi-2021. Ngenhloso yokuqinisa inqubomgomo yayo yokukhula nokusebenzisa amathuba avulwe umjikelezo omusha wokuguqulwa kwamandla. Lokhu kusho ushintsho olubalulekile maqondana nenqubomgomo abekade eyihola kuze kube manje.
Ngamazwi omunye wabaqondisi bayo, kumayelana nokusizakala ngesimo sokukhula yinkampani ephethwe yi-Italy Enel, nokuthi ibamba iqhaza 100% ekusebenzeni engikwenze eminyakeni eminingana edlule. Ngale ndlela, inkampani yaseCatalan ngeke isabeka i-100% yenzuzo kwizabelo ezisetshenzisiwe eminyakeni emithathu edlule. Uma kungenjalo, ngokuphambene nalokho, kuzokwehliselwa ku-80% wabo, noma ngabe kunama-nuance amancane ukuthi abatshalizimali abancane nabaphakathi kufanele balazise kusukela manje. Njengoba kunjalo ukuthi inzuzo izokwanda ngalesi sikhathi.
Ngakolunye uhlangothi, kulo mbono omusha, umphathi we-Endesa uchaze ukuthi “okokuqala, kufanele sibhekane nomjikelezo omusha wokuguqulwa kwamandla; okwesibili, ukusetshenziswa kwedijithali kuzoletha amathuba amaningi okunciphisa izindleko kepha kuzodinga inani elikhulu lotshalo-mali; futhi okwesithathu, ukuthuthukisa ubudlelwano bethu namakhasimende kuzodinga nokuthi kutshalwe imali entsha ”. Ukuze uchaze kubatshalizimali okuzoba yi umjikelezo omusha wenkampani kagesi okubalwe ku-Ibex 35.
Endesa: ukwabelana ngenzuzo
Kusasele iminyaka emibili kuze kube shintsha lolu hlelo lwamaholo kumnikazi wamasheya. Ngoba empeleni, yonke inzuzo yayo izokwabiwa eminyakeni emibili ezayo kanti ngakolunye uhlangothi kulinganiselwa ukuthi okufanayo kuzokwenziwa ngengqikithi yama-euro ayizigidi ezingama-5.900 eminyakeni emine ezayo. Esinye sezizathu zalolu shintsho olubalulekile esenzakalweni abazotholwa ngabanamasheya ukuthi ezigidini ezingama-6.400 abalindele ukuba yimali elinganiselwa ku-Endesa, amanye ama-euro ayizigidi ezingama-2.000 XNUMX azokwabelwa ukuvuselelwa, umkhakha kulowo ofisa zibeke njengenye yezinkampani ezisebenza ngogesi emkhakheni kazwelonke.
Yize kuphambene nalokhu, futhi kuyamangaza kakhulu iqiniso lokuthi ingxenye yalezi zinzuzo ezilinganiselwayo izoba entsha utshalomali olwenziwe kabusha futhi zenzeka ngokwakhiwa kophiko olusha lokuhamba kukagesi, olubizwa nge-Endesa X. Impela le ngxenye yesivumelwano ikhuthaza lo mnyango ukuthi uthuthuke ngakolunye uhlangothi nokuthi ngomzuzu othile ungabalwa ku-Stock imakethe ngokuzimela, njengoba kwenzekile nezinye izinkampani ezibhalwe ezimakethe zezimali.
Izibikezelo kuze kube ngu-2021
Esinye isici esifanelekile ukugqamisa ukuthi izibikezelo zenye yezinkampani ezihola phambili ku-Ibex 35 zizosondela kakhulu kuma-euro ayizigidi ezingama-6.300 esikhathini se-2018-2021. Ukuba esinye sezizathu eziyinhloko zalolu shintsho esenziwe ukushintsha uhlelo lwemiholo phakathi kwabaninimasheya. Kunoma ikuphi, kumangaze kakhulu iningi labenzeli bezezimali abalindele ukuqhubeka kwalolu hlobo lomholo ezimakethe zezimali. Ngalo mqondo, ungakha umthamo omuhle wokuguquguquka ngentengo yamasheya akho.
Kumele kuqashelwe ukuthi le datha enikezwe yi-Endesa imele i- 7% isilinganiso sokukhula ngonyaka, ekugcineni okumelela iphesenti elingaphezulu kwalelo elilinganiselwe kuhlelo lwamasu langaphambilini lwenkampani yamandla ayisisekelo. Ngakolunye uhlangothi, asikwazi ukukhohlwa ukuthi le makethe yezinhlangano zokulingana zaseSpain isendaweni ebaluleke kakhulu emugqeni wayo wendabuko webhizinisi. Ngomqondo wokuthi izogxila kakhulu emandleni avuselelekayo njengomthombo wezinzuzo ezingazithola eminyakeni embalwa ezayo.
Isekelwa ngabenzeli bezezimali
Isinqumo senkampani kagesi yokwehlisa inani lomhlomulo sibe ngu-80% wenzuzo etholakele sithole ukuvunywa kwezinye zezinhlangano ezibaluleke kakhulu zezezimali. Ngalo mqondo, kusukela I-Bankinter balinganisela ukuthi “Ukuqinisekiswa kwemihlahlandlela ye-BNA yowama-2020 nezabelo kuyizindaba ezinhle zesenzo. Ukwehliswa okulandelayo kwembuyiselo elawulwayo ekusatshalalisweni kanye nokuthi kungenzeka ukusebenza kwezinkampani kuzogxila kubatshali bezimali ekwethulweni koHlelo ”. Kunoma ikuphi, ukuba nethemba kakhulu ngesikhundla enkampanini yokulinganisa kagesi.
Ngokuphambene nalokho, umphathi wesikhwama uJP Morgan uphonsa uchungechunge lwezithunzi ngalesi silinganiso, exwayisa ngokuthi “siyaqonda, futhi besilindele, umyalezo wokuthi, esikhathini esizayo, ukukhokhwa kwesahlukaniso kufanele kube ngaphansi kuka-100% wenzuzo , kodwa sikholelwa ukuthi lo mlayezo ubungakhiwa ngendlela yokubuka izinto ezi-pragmatic ezagwema umbono wokuthi isabelo ngasinye sizokwehliswa cishe ngo-10% ngo-2021 nokuthi akukho ukubonakala okuvela lapho.
Emazingeni angama-euro angama-20 ngesabelo ngasinye
Kunoma ikuphi, into eyodwa icacile futhi ukuthi inani lamasheya lihamba ebangeni elisuka ku-17 futhi kuze kufike ku-21 euro. Uma leli zinga lokugcina lidlulwa, belizocwiliswa kwesinye sezibalo ezithandeka kakhulu kubatshali zimali abancane nabaphakathi, okungeke kube okunye ngaphandle kwalokho okuthiwa kukhuphuka kwamahhala. Lokho wukuthi, bekungeke kusaba nezingqinamba ukufinyelela ezindaweni eziphakeme ngentengo. Ngaphandle kokusikeka okufanelekile okungavela kulokhu kuphuka okucacile kuye phezulu. Lapho kungahle kube namandla aphezulu kakhulu angahle aholele kuzintengo ezingathakazelisa kakhulu kubantu abazibeke ngokwabo kuleli nani lenkomba ekhethiwe yamasheya aseSpain.
Isibalo sokukhuphuka kwamahhala singenye yezinhloso ezisheshayo ze-Endesa futhi uma isabelo sesikhishiwe esilinganisweni samanani aso. Ngoba kungasho ukuqinisekiswa kwe- a mkhuba ngokucacile we-bullish futhi ngayo yonke imigomo: imfushane, iphakathi nendawo futhi inde. Ngaphandle kokunye ukucatshangelwa kobuchwepheshe futhi mhlawumbe futhi kusuka endaweni yokubuka eyisisekelo. Kunoma ikuphi, i-Endesa ingelinye lamagugu okufanele libhekwe kulo nyaka esivele siqala ngawo, yize ukuqina kokunyakaza kwalo kungezona eziphakeme kakhulu emakethe yamasheya aseSpain.
Amandla aphezulu
Kodwa-ke, abalamuli bezezimali njengamanje bayinika amandla okuhlaziya angabi namandla, cishe ama-5%. Yize kuliqiniso ukuthi kuzofanele babuyekeze izindaba zakamuva ezenziwe kule nkampani. Ikakhulu, ushintsho kumumo maqondana nokukhokhwa kwezabelo. Konke lokhu kusendaweni yomkhakha kagesi ukuthi ithuthuke kakhulu ezinyangeni ezisanda kwedlula futhi lokho kuthinta izinkampani ezibalwe enkombeni ekhethiwe yemakethe yamasheya aseSpain, njenge-Iberdrola, i-Enagás, i-Red Eléctrica Española noma i-Gas Natural yangaphambili.
Ngakolunye uhlangothi, kufanele kuqashelwe ukuthi i-Endesa imele enye yezindinganiso ezizinzile kakhulu zamasheya aseSpain. Nge kakhulu ukuguquguquka okuncane nokuthi yini ebaluleke kakhulu kubatshalizimali abaningi abavikela kakhulu emakethe, ngomehluko omncane kakhulu phakathi kwamanani abo aphezulu kanye namanani amancane kuseshini efanayo yokuhweba. Njengomphumela walezi zici ezikhetheke kakhulu, lokhu kuvikeleka kungaba elinye lamagugu amahle kakhulu emakethe yamasheya ukuvikela imali yethu ngezikhathi zokungazinzi okukhulu ezimakethe zezezimali. Ngokusebenza okungcono kunezinye izinkampani ezibalwe.
Imali engenayo engaguquki minyaka yonke
Okokugcina, kufanele kungakhohlwa ukuthi ngaphandle kwazo zonke lezi zinto le nkampani izoqhubeka nokusabalalisa izabelo kubo bonke abaninimasheya. Ukuze ngale ndlela, bakwazi ukwakha iphothifoliyo yemali engenayo engaguquki kokuguqukayo, ngenzuzo engaguquguquki futhi eqinisekisiwe minyaka yonke. Noma yini eyenzekayo ezimakethe zezimali.
Lapho futhi kuyaphawuleka ukuthi "Izinhloso zesikhathi esakhiwe eminyakeni I-2009 ne-2020 kusekelwe ekucabangeni okulindelekile okufanele kucindezele ukuvumelana kweBloomberg kuze kube amadijithi aphansi noma enezinombolo eziphakathi, ”njengoba kusho abahlaziyi bezezimali bakwaJP Morgan.
Akumangalisi ukuthi baphinde bagcizelele iqiniso elibi engxenyeni yenkampani, njengokuthi ukuthambekela kwezabelo kuthumela umyalezo omubi kubatshali zimali. Ngomqondo wokuthi kudala umyalezo odidayo kakhulu ngokuthi kuzokwenzekani ngokuqoqwa kwezabelo kusuka esikhathini esichazwe yile nkampani kagesi. Ngokulungiswa okungaba khona kuzintengo zayo ngenxa yalokhu kungabaza okudale phakathi kwabatshalizimali. Njengomphumela walezi zici ezikhetheke kakhulu, lokhu kuvikeleka kungaba elinye lamagugu amahle kakhulu emakethe yamasheya ukuvikela imali yethu.