Umthamo wezivumelwano yiwo onquma ngandlela thile okuyizindinganiso zamasheya aseSpain ajabulela noma cha ukubekelwa phambili ngababatshalizimali abancane nabaphakathi. Kepha futhi kuyipharamitha enamandla amakhulu ukwazi abakhohliwe bemakethe yamasheya aseSpain. Ngoba empeleni, kunochungechunge lwamanani angafakiwe enkombeni ekhethiwe yamasheya kazwelonke angahle abandakanye amathuba ebhizinisi ezinyangeni ezimbalwa ezizayo. Kwezinye izimo, ngokusebenzisa izinkampani ezibalulwe kuze kube muva nje kube negama elivelele kakhulu ngesikhathi sokuhweba.
Ngakho-ke kulula ukuthi sibheke lezi ziphakamiso ezikhetheke kakhulu ngoba singathola amagugu alandelwa kakhulu ngabatshalizimali abancane nabaphakathi. Ukuzama ukuphendula kulesi sidingo esinabathengisi abaningi, sizobonisa amanani athile akhombisa lesi sici esikhethekile. Kepha ngezizathu eziningi ungathandi izimakethe zezimali noma okungenani hhayi ngamandla okufanele abe nawo njengamanje. Kunoma ikuphi, lezi yizibambiso ezihlanganisiwe emkhakheni wezinkampani ezincane neziphakathi nezimali ezinkulu.
Le yingxenye yebhizinisi ehlukaniswa yimali yayo ephansi futhi okuyisiphazamiso sayo esikhulu ukuthi kunzima kakhulu ukulungisa amanani wokungena nokuphuma ngabatshalizimali abancane nabaphakathi. Thanda eyakho simo esishubile ephakeme ezimakethe zokulingana ukusetha amanani abo. Ngoba kuliqiniso ukuthi bethula umehluko omkhulu phakathi kwezintengo zabo eziphakeme nezincane futhi kwezinye izikhathi bavame ukweqa amazinga ka-5%. Ngaphezu kwalokho, azilandelwa kakhulu ngabasebenzeli bezezimali futhi kunzima kakhulu ukuba nesethenjwa sokunquma ekugcineni ukuthi inani lakho elihlosiwe liyini. Ngenhloso enkulu yokuthuthukisa olunye uhlobo lwecebo lokutshala imali ukwenza imali etshaliwe izuze.
UNatra ujeziselwe ukweqisa
Lokhu kungenye yalawo magugu afikile kokuncane kakhulu eminyakeni yakamuva. Kwakungenye yezindinganiso eziholayo ngabatshalizimali abaqagelayo kakhulu eminyakeni embalwa edlule. Kepha uma i-predilection ibilokhu yehlela ku amazinga aphansi ekuqashweni kwakho. Kunoma ikuphi, nganoma yisiphi isikhathi ingaphinde ivele futhi, isivele ixhunyaniswe nenye yezinto ezithengisa kakhulu eminyakeni yamuva efana necocoa. Kufika ezingeni lokuthi inganikeza injabulo engaphezu kweyodwa kubatshalizimali abancane nabaphakathi. Yize kuzodingeka kuthathwe izinyathelo ezithile zokugwema izimo ezingafuneki ezinyangeni ezizayo.
Kunoma ikuphi, lokhu ukuphepha ukuthatha izikhundla esikhathini esifushane futhi okudinga ukwelashwa okuhluke kakhulu kwezinye izinkampani ezibalwe. Ngenkathi ngakolunye uhlangothi, kuyigugu futhi ukwenza imisebenzi enenani eliphansi kakhulu ngenxa yengozi ethintekayo ekuhambeni kwayo. Ngenxa yokungazinzi okuphezulu kokuhambisana kwamanani ayo futhi lokho kukhombisa ukwehluka okuphawulekayo phakathi kokulinganisa kwawo okuphezulu nobuncane.
I-Azcoyen iqiniswe yinzuzo yayo
Lokhu kungenye yezokuphepha kwamasheya okunomlando omude kunayo yonke ezimakethe zezimali zikazwelonke nokuholele kubatshalizimali abaningi abathembele ezikhundleni zabo. Nganoma yisiphi isikhathi ungaya eqenjini lamasheya anenkontileka kakhulu emakethe yamasheya. Leli qiniso liyachazwa ngoba linikeza enye yefayili ye- izinzuzo eziphakeme Ezweni lakithi. Ngezinga lenzalo elingaphezu kuka-9%, okusho okuningi okwamanje. Ngoba kusho izinga eliphakeme kakhulu lokuthengwa kwemali minyaka yonke futhi lokho kuzoya ngqo kubhalansi ye-akhawunti yakho yokonga.
Ngakolunye uhlangothi, ilinde uphawu lwamandla okuthatha izikhundla kusuka lapho kuya phambili. Ngomgomo ongabaluleka kakhulu ngenxa yokukhulu kwawo amandla aphezulu okungaholela kumasu okutshala imali anolaka kakhulu kunezinye iziphakamiso ezimakethe zezimali zezwe lethu. Ngenzuzo eyengeziwe izokwabiwa yinzuzo oyabiwa phakathi kwabaninimasheya bayo. Njengengxenye eyengeziwe yanoma yiluphi uhlobo lwezinhlelo zokwenza izimali ezitshaliwe kuze kube yilelo phuzu zinenzuzo.
I-Ebro enye yamanani azinzile kakhulu
Ngenye yezindinganiso ezindala ezihlanganiswe enkombeni ekhethiwe yama-equities kazwelonke. Ngevolumu ephezulu kakhulu yenkontileka futhi lokho bekuphakeme kuneziphakamiso eziningi ezinhle zokutshala imali yethu. Kepha ngenxa yezizathu eziningi wabashiya ukuze bahlale kulesi simo isikhathi eside. Ngenkathi ngakolunye uhlangothi, ikhiqiza idividendi ngenzuzo cishe u-3%. Ngamanye amagama, kuncane uma kuqhathaniswa nezinye iziphakamiso emakethe yamasheya yaseSpain.
Kumele futhi sigcizelele ukuthi leli nani lemakethe ukubheja okuphephe kakhulu ukulungisa iphothifoliyo yethu elandelayo yezokuphepha. Ngenxa ye- ukuzinza lokho kukhiqizwa ngamanani abo futhi lokho kufaka isandla ekutheni kube nokushintshana okuzinzile kwezimali okwenzelwe isikhathi esimaphakathi futhi ikakhulukazi isikhathi eside. Akumangalisi ukuthi kunokwehluka okumbalwa kakhulu ekuguqulweni kwamanani abo ngakho-ke ngeke kube khona okunye abangakwenza ngaphandle kokubekezela kakhulu emiphumeleni yokusebenza. Ungalokothi wenzelwe ukusebenza kohlobo lokucabangela futhi okukhona kulo olunye uchungechunge lwamanani ongakhetha kuwo ukwenza ukuthenga kube semthethweni.
I-Atresmedia ilinde ukunyuka
Uma kunomkhakha ezimakethe zamasheya ongahambisani nezikhathi zawo ezinhle, lokho akekho omunye ngaphandle kwalowo omelwe abezindaba bezokuxhumana ababukelwe ngamehlo. Kwenziwe impahla yi-Atresmedia okwamanje esezingeni elicacile lokwehla futhi ngelinye lamanani aphansi kakhulu eminyakeni yamuva. Kepha lokho ngasikhathi sinye kuveza amandla wokubuyekeza aphezulu, inqobo nje uma kukhona shintsha kuthrendi yakho, isuka ku-bearish iye kwi-bullish ngakho-ke izonikeza ithuba eliphelele kumathemba ayo ezimakethe zezimali.
I-Logista inani elizogcinwa
Ukubheja kwizimali zaseSpain okufanele zigcinwe kunokuthenga noma ukuthengisa. Kodwa-ke, ngalesi sikhathi besizolinda noma yikuphi ukuphinda senziwe kabusha ukuze sikhulise izikhundla esitokweni. Ngoba ingakhombisa ukuthambekela okubalulekile okubheke phezulu nganoma yisiphi isikhathi lapho kufanele sizuze khona ezikhundleni zethu ezivulekile. Kunoma ikuphi, kuyamangaza kakhulu ukuhlola ukuthi inani lakho elihlosiwe seliseduze kwe- Ama-24 kanye nama-25 euros. Lokho kusho ukuthi, sisenamandla okuthola inzuzo enkulu ekunyakazeni esingakuthatha kulesi sikhathi esiyinkimbinkimbi kubatshali zimali abancane nabaphakathi.
ILogista inyuse isibalo sayo semali engenayo ngo-6,7% yaya ezigidini ezingama-4.764,6 ngenxa yokusebenza okuhle okujwayelekile okurekhodwe wumsebenzi kanye noshintsho ezindleleni zokubalwa kwemali zeMali engenayo ePortugal, ukuzivumelanisa nalo lonke iqembu. Ngaphandle komthelela walolu shintsho, oluthinta kuphela inani leNgeniso, lokhu kukhuphuke ngo-4,5%
Ukuthengisa Kwezomnotho nakho kukhule ngo-4,1% kuya kuma-euro ayizigidi ezingama-567,4 uma kuqhathaniswa nengxenye yokuqala yonyaka odlule, ngokunyuka kuwo wonke amabhizinisi e-Iberia naseFrance, kanye nokwehla okuncane e-Italy. Kufanele kuqhakanjiswe ukukhula kwemikhiqizo elula kuwo wonke amazwe, eLogista Pharma nasendaweni yezokuThutha.
Njengenjwayelo, i-Logista igcine inqubomgomo yayo eqinile yokulawula izindleko, ekhuphuke ngo-2,4%, ngaphansi kokukhula okubhaliswe ku-Economic Sales. Ngenxa yalokho, i-Adjusted Operating Profit (Adjusted EBIT) inyuke ngo-10,5% yaya ku-126,1 million euros, i-Operating Profit (EBIT) inyuke ngo-7,6% yaya kuma-euro ayizigidi ezingama-93,6 kanti umkhawulo wezokuThengiswa koMnotho unyuke usuka ku-20,9% waya ku-22,2%. Izindleko zokwakha kabusha, ngenxa yokwenziwa kwengqalasizinda eFrance ziye ezingeni elisha lomsebenzi, beziphakeme kakhulu kunalezo zangonyaka owedlule, ukuze iNet Profit ime kuma-euro ayizigidi ezingama-74,1, ibhalisa ukukhula ngo-5% uma kuqhathaniswa ne isigamu sokuqala sika-2018.
U-Azkoyen ubuyele emzileni
IGrupo Azkoyen, owezizwe ngezizwe waseSpain ozinze eNavarra, uthole inzuzo ephelele yama-euro ayizigidi eziyi-9,5 ekupheleni kwekota yesithathu ka-2019, ehumusha ikhuphuke ngo-4,8% uma kuqhathaniswa nesikhathi esifanayo sonyaka odlule. Inani eliphelele lemali engenayo yeQembu le-Azkoyen nalo lenyukile maqondana nezinyanga eziyisishiyagalolunye zokuqala zonyaka odlule ngo-6,3% (amaphesenti afanayo ngamanani okushintshana njalo) ukufinyelela kuma-euro ayizigidi ezingama-106,6. Lokhu kukhula kungenxa yokusebenza okuhle kwesigaba seTime & Security, esikhuphule ukuthengisa kwaso ngo-11,1%, kanye nesigaba sePayment Technologies, esibhalise ukunyuka ngo-6,6%.
Uma sihlaziya inzuzo ehlanganisiwe yisifunda, ezinyangeni eziyisishiyagalolunye zokuqala zonyaka wezimali we-2019, i-18,8% yenzuzo ivela eSpain, i-75,7% ivela kuyo yonke i-European Union kanye ne-5,5% esele evela kwamanye amazwe lapho i-Azkoyen Group inobukhona bezohwebo. Lokhu kusatshalaliswa kwemali engenayo kuphindaphinda ubunjalo bomhlaba wonke beQembu le-Azkoyen. Ngakolunye uhlangothi, umkhawulo ophelele wamaphesenti ukhuphukile (usuka kuma-43% ngonyaka owedlule waya kuma-43,5% namuhla), ngokuhlanganiswa okuhlukile kwamabhizinisi nemikhiqizo.