Uma kunenani eliyisikhungo semikhawulo engaphambili yabatshalizimali abancane nabaphakathi, leyo ngokungangabazeki i-telecom Telefónica. I-opharetha yezokuxhumana ngezinkampani ingenye yezinkampani ezisohlwini lwenkomba ekhethiwe yamasheya kazwelonke anevolumu ephezulu kakhulu yezivumelwano. Kepha lokho eminyakeni edlule ayibonile ngokulinganisa kwamasheya akhe sekusondele kakhulu ku amazinga atholakala kuma-euro angama-7 isabelo ngasinye. Ngokuphikisana nezikhundla kufike abaqhamuki bezezimali abahlukahlukene kakhulu.
Manje esinye sezihluthulelo i-Telefónica enayo ukukhombisa ukuthi le nkampani esohlwini ekugcineni izokwazi yini ukudiliza udonga enalo kuma-euro ayishumi. Okuthile obekulindelekile ukuthi kube nezicaphuno ezikhiqiziwe, ikakhulukazi ngesimester yokugcina yanyakenye. Manje okunye kokungabaza abatshalizimali abancane nabaphakathi abanakho ukuthi bazokwazi yini ukwenza inzuzo ezikhundleni zabo kulo nyaka omusha wemakethe yamasheya. Ukuze unqume ukuthi ngabe kulula yini faka noma uphume wokusebenza kwemakethe yamasheya.
Akunakulibaleka ukuthi eminyakeni embalwa edlule intengo yamasheya eTelefónica yayingaphezu kwama-euro ayi-12 noma ayi-13. Ngamanye amagama, ukwehla kwabatshalizimali kuye kwaba ngaphezu kokusobala, nge ukwehla kwenzuzo ngaphezulu kuka-30%. Kuze kube seqophelweni lokuthi leli qiniso lenze abaninimasheya bale nkampani enkulu ye-Ibex 35 bathuke kakhulu.Nakuba konke kuzoncika, ngezinga elikhulu, ekuziphatheni kwenkomba yezimakethe zezimali zaseSpain. Ngamathemba athembisa kakhulu asuselwa kunqubo ekhishwe ngabahlaziyi bezezimali abahluke kakhulu.
Telefónica: imiphumela yebhizinisi
Into edlala ngokuvumelana nezintshisekelo zocingo lukazwelonke futhi okungaba yimbangela yethrendi entsha eya phezulu. Ngalo mqondo, kufanele kukhunjulwe ukuthi omunye wezehlakalo ofanele kakhulu kube ukuthi imiphumela yekota ngayinye yale nkampani yocingo ikhombise ngokusobala ukuthi opharetha ugcina isigqi esiqhubekayo ukunciphisa isikweletu sakho. Ngenye yezinkinga ezikhathaza kakhulu abatshalizimali ngoba kungenye yamaphuzu abuthakathaka enye yezinkampani ezithile ze-Ibex 35. Ngaphandle kwezinye izindlela zobuchwepheshe futhi nalokho nakho kungavela ngombono oyisisekelo.
Ngakolunye uhlangothi, iTelefónica ibilokhu ifuna ukunciphisa isikweletu ngokomzimba, ishiye ukuthengiswa kwempahla ngemuva. Lesi silinganiso siphakamise ukuthi ingxenye enhle yabatshalizimali ibuyele esibayeni sale nkampani esohlwini. Yize kuzodingeka ukubona kusengaphambili ukuthi imiphumela yebhizinisi izoba kanjani ezothuthuka kulo nyaka omusha osanda kuqala. Ngoba isimo esikhulu kakhulu ukungazinzi ezimakethe zezimali futhi lokho kungalimaza intengo yamasheya akho. Okuthile abatshalizimali abancane nabaphakathi okufanele babe nakho kusuka kulezi zikhathi eziqondile.
Ekufuneni izinombolo ezimbili
Inhloso enkulu yezenzo zeTelefonica ezinyangeni ezizayo, futhi ngaphezu kokunye ukucatshangelwa, kuzoba ukufuna nokudlula izinga elibalulekile lengqondo elisungule Ama-euro ayi-10 ngesabelo ngasinye. Okuthile okwamanje akucaci nakancane ngokususelwa ekuziphatheni okungajwayelekile okwenziwa izimakethe zezimali ezingeni lomhlaba. Lapho isikweletu sale nkampani sesisondele kuma-euro ayizigidi ezingama-43.000. Kunoma ikuphi, imiphumela yebhizinisi ikhombisile ukuthi yehle cishe ngo-10% ngonyaka owodwa nje.
Lezi izindaba ezinhle zokufakwa kuhlu kwakho ngo-2019 ongaqhubeka izikhundla zokuqwala bese uqeda le nkambo yemakethe yamasheya ngebhalansi enhle. Ngakolunye uhlangothi, futhi kulula kakhulu ukukhumbula ukuthi le datha esemthethweni iqinisekisa ukuthi inkampani yezokuxhumana isendleleni ebheke phezulu. Okungenani kulokho okubhekiswe esikhathini esimaphakathi nesikhathi eside, okuyisikhathi lapho abatshalizimali abancane nabaphakathi bavame ukuya khona kancane kancane ekwenziweni kokushintshana kokulondolozwa okuzinzile futhi ngasikhathi sinye kulinganiswe yilokho okumelele ezimakethe zamasheya.
Izincomo Zabahlaziyi
Ngaphandle kokungahle kubonakale ekuqaleni, iqiniso ukuthi abatshalizimali babheka ukuthi amasheya ale nkampani yezokuxhumana asesezingeni eliphezulu, lapho iningi labahlaziyi bezezimali bathambekele ekuncomeni ukuthengwa futhi banikele ngentengo ebhekiswe phezulu kunentengo yamanje . Ngokulinganiswa okufakiwe kumazinga lokho ziba phakathi kwama-euro ayisi-8 kuye kwayi-10 isabelo ngasinye. Yize kukhona futhi abanye abakumaka ngaphezu kwalezi zimaki ekulinganisweni kwabo.
Kunoma ikuphi, kubonakala kucace lokho manje lesi akusona isikhathi sokuvala izikhundla uma ibekwe kunani. Yize usengaba nokugijima kwe-bearish ezinyangeni ezizayo noma ngisho nasemavikini. Kunzima ukubona amasheya eTelefonica ngentengo engaphansi kwama-euro angama-7. Njengomphumela walesi simo, utshalomali olwenziwe esikhathini esimaphakathi nesikhathi eside ngeke lunikeze izinkinga ezeqile kubatshalizimali abancane nabaphakathi, abazoba lula kancane ukwenza inzuzo ngokulondoloza kwabo ngalezi zikhathi eziqondile. Ngaphandle kokunye ukucatshangelwa kwezobuchwepheshe futhi mhlawumbe ngisho nasendaweni yokubuka eyisisekelo.
Imiphumela yenkampani
Imiphumela yekota enikezwe yiTelefónica ezingeni eliphansi noma elingaphansi ijabulise izimakethe zezezimali. Ngoba empeleni, izinzuzo zikhuphukile uma kuqhathaniswa nonyaka odlule. Yize imininingwane efanelekile lapho isibhamu singaya khona ezinsukwini noma emavikini alandelayo yiyona ebhekise kokuthi i isikweletu sonke ITelefónica ifinyelele kuma-euro ayizigidi ezingama-42.636. Lokhu kusho ukuthi empeleni sehle ngo-10% uma kuqhathaniswa nonyaka nje odlule, yize okujabulisa kakhulu ukuthi yehliselwe ikota yesithupha elandelanayo. Iqiniso lokuthi abatshalizimali bathande kakhulu.
Ukusuka lapho ingahlakulela i-rally ene-bullish ezothatha izihloko zayo iye ezingeni layo lezengqondo, elisungulwe kuma-euro ayishumi ngesabelo ngasinye. Ngale kwalokho zingakhiqizwa uphuma entengo yakho, ngamandla amakhulu noma amancane. Lokhu kuhamba kungasetshenziselwa ukuqoqa izikhundla enkampanini yamasheya wokulinganisa. Futhi into ethakazelisa kakhulu ngalokhu kusebenza ukuthi ingenziwa ngentengo yokuncintisana kakhulu kunaleyo ecashunwe njengamanje. Ngokwamandla ayo wokubuyekeza akukho kungabaza ukuthi kuzoba ngaphezulu, ngamagama wonke: kufushane, kuphakathi nendawo futhi kukude.
Ukuthengiswa kwe-Antares
Noma kunjalo, izindaba zakamuva esezifinyelele kubatshalizimali ukusebenza ngokubambisana kwelungu lenkomba ekhethiwe yezimali zaseSpain, i-Ibex 35. Ngomqondo wokuthi iTelefónica ifinyelele esivumelwaneni ne IGupoo Catalana Occidente ngokuthengiswa kuka-100% wama-Antares, inkampani yakhe yomshuwalense eSpain, ngenani eliphelele lama-euro ayizigidi eziyi-161, njengoba kubikwe kwiNational Securities Market Commission (CNMV).
Ukuthengiselana kulindeleke ukuthi kudale inzuzo etholakala cishe kuma-euro ayizigidi ezingama-90 zeTelefonica kanye nokwehliswa kwesikweletu semali esiseduze ne- 30 million euro. Lo mcimbi wobumbano uvele ngokwenyuka kwentengo yamasheya awo, yize ubukade ungenamandla kangako. Lapho yonke into ibonakala ikhombisa ukuthi ingabuyekeza kabusha ngaphezu kwe-4% noma ngamaphesenti anolaka lapho bonke abaninimasheya bayo bebezozuza khona.
Ukubheka okuhle ngokwengeziwe
Ngakolunye uhlangothi, awukwazi ukukhohlwa ngalesi sikhathi ukuthi le nkampani efakwe kuhlu isesimweni esiyinkimbinkimbi lapho izinhloso zayo ezibaluleke kakhulu ukwakhiwa kwenani nokwenziwa kwembuyiselo enhlokodolobha eqashiwe. Ngaphezu kokunye ukucatshangelwa ukuthi kuze kube yizinyanga ezimbalwa ezedlule kubonakale kungaphansi kokuphambili kohlu lwebhizinisi lakhe. Ngalesi sizathu, akumangazi ukuthi abanye abahlaziyi bezimakethe zezimali baveze ukuthi kungenzeka liphindwe kabili inani lalo ngesinye isikhathi eminyakeni embalwa ezayo.
Egxile esimweni lapho umongameli weTelefonica, uJosé María Álvarez-Pallete, namhlanje ecele "uhlaka lomhlaba wonke" olufaka amalungelo, izibopho kanye namagugu emininingwane yezakhamizi. Mayelana nohlaka lokulawula lapho inkampani efakwe kuhlu ihlanganiswa khona, ngoba kufanele kukhethwe ukuthi yimaphi amazinga ezomthetho nokuziphatha okufanele asungulwe eminyakeni yobuchwepheshe. Lesi yisici lapho inkampani yezokuxhumana idlala kakhulu futhi lokho kunganikeza umkhondo ongajwayelekile wokuthi inkombandlela izohamba kuphi ngentengo yesilinganiso sayo. Ngokungangabazeki, kulo nyaka kuzoba nezimpawu ezithile mayelana nalesi sici esibalulekile maqondana nokulinganiswa kwaso ezimakethe zezimali zikazwelonke. Ngakho-ke, akukho okunye ongakwenza ngaphandle kokulalela kakhulu lokho okuhlobene nalezi zindaba kusuka manje. Ungakhohlwa.