Akukho lutho olubi kakhulu ezimakethe zamasheya kunokumiswa esitokisini esilahlekelwe cishe konke ukulinganiswa kwemakethe yamasheya. Iqiniso elisibuyisela emuva kulokho okwenzekile ngeBanco Popular nezinye izinkampani ekugcineni bayeka ukuhweba. Lezi yizinkampani ezehlise inani elingaphezu kwama-50% kanti kwezinye izimo zisemkhawulweni ka-100%. Lapho ungashiya khona yonke inhlokodolobha etshalwe imali nokubi kakhulu, akukho lutho ongalwenza ukulungisa lesi simo esingafunwa ngabatshalizimali.
Ngokwalo mongo ojwayelekile, sizokhombisa ezinye zalezi zivikelelo ukuze uzithole kusukela manje kuqhubeke. Ngakolunye uhlangothi, ukugwema izikhundla kuzo nakwezinye ukuze ukwazi ukubalandela ekuguqukeni kwamanani abo. Ngakolunye uhlangothi, kuyiqiniso ukuthi aziziningi, kepha zanele ukuze setha ama-alamu akho ekumiseni iphothifoliyo yakho elandelayo yokutshala imali. Akumangalisi ukuthi ekugcineni awunakho okuningi ongakuzuza ezikhundleni zabo njengoba abanye abasebenzisi bacabanga lapho bebabona ngamanani aphansi kakhulu.
Ngenhlanhla, amanani awile ngaphezu kuka-50% ayingcosana ekunikezelweni kwamanje kwezimakethe zezimali zaseSpain. Kepha ngamacala esiteleka kakhulu, njengoba kwenzeka phambilini nge Terra noma Okudumile. Ngoba ekugcineni kosuku kumayelana nokuthi ungangeni ezimeni ezingezinhle ngokwengeziwe ngezintshisekelo zakho. Ngoba imvamisa kunezici ezichaza ukuthi kungani befinyelele ezimeni ezinjengalezi. Lapho kuyingozi kakhulu ukuvula izikhundla, ngoba ubungozi bukhulu kakhulu kunoma yiluphi uhlobo lwamasu okutshala imali. Ukuba ngenye yamanani anconywe kakhulu ngabahlaziyi abadume kakhulu bezezimali.
Ukuphepha okulahlekelwe kakhulu: Usuku
El ukuphahlazeka kwale nkampani Kube ngesinye sezimanga ezinkulu ngonyaka odlule nokuholele ekutheni ingxenye enkulu yabatshalizimali abancane balahlekelwe yingxenye yemali abayilondolozile.
Kungukuvikela ukuthi ngesikhathi esifushane kakhulu kulahlekelwe inani layo lonke emakethe yamasheya. Ngokusuka kuma-euro ayisithupha kuya kumasenti ambalwa we-euro futhi lokho sekuholele abatshalizimali ukuthi balahlekelwe yingxenye ebaluleke kakhulu yenhlokodolobha etshaliwe. Ekusebenzeni kwebhizinisi kwesicelo esingabazekayo futhi ngaphandle kokuthi kungenzeka ukuthi ithole ingxenye enhle yokulinganisa kwayo ezimakethe zezimali. Kuze kube seqophelweni lokuthi cishe akukho okuthengwayo, ngisho okususelwa endleleni yokuqagela.
Kuzo zonke izimo, kuyinani elinokuncane kakhulu ongakwenza kusukela manje. Lapho kulula khona ukulahlekelwa yimali kunokuyithola kulesi sigaba sokusebenza kwesitoko. Lapho ubungozi ongaba khona bukhulu kakhulu kunamanye amanani wemakethe eqhubekayo kazwelonke. Ngoba awukwazi ukukhohlwa ukuthi ulahlekelwe ngaphezu kwe-95% yentengo yesitoko sayo. Kuze kube seqophelweni lokuthi ishiye inkomba ekhethiwe yezimali zaseSpain.
I-Telefónica kumlando ophansi
Ubungcweti be-telecom buye baba yinto edumaze kakhulu kubatshalizimali abancane nabaphakathi. Ikakhulukazi njengoba ingenye ye- kuphume ama-chips amakhulu aluhlaza esikhwameni yezwe lethu futhi lokho kugxile engxenyeni enhle yotshalomali engxenyeni yabasebenzisi abavikela kakhulu. Ngenkathi ngakolunye uhlangothi, yehle emazingeni ama-euro angama-6 ngesabelo ngasinye, lapho kungekudala kwakungaphezulu kwama-euro ayi-10.
Okuwukuphela kwesici esihle esigcinwe kule minyaka edlule yinzuzo ephezulu eyabiwa phakathi kwabaninimasheya. Ngembuyiselo yonyaka ehleliwe futhi eqinisekisiwe cishe u-6%, enye ephezulu kakhulu ku-Ibex 35. Ngokukhokhwa kwabanikazi bama-0,4 euros futhi akukho kuncishiswa okuhleliwe ezinyangeni ezizayo. Ukuba esinye sezikhuthazo ezimbalwa zokuthatha izikhundla kunani, ngenhloso yokwakha iphothifoliyo yemali engenayo engaguquki ngaphakathi kokuguqukayo.
USabadell kusalindwe imisebenzi
Yibhange elenze okubi kakhulu kulo mkhakha obalulekile wezimali zaseSpain. Ngoba kuningi okwakha ukuphathwa kwabo phakathi kwama-ejenti ezehlukene ezezimali. Kuze kube sekupheleni ukuthi sekuze kwacashunwa ngaphansi kweyunithi ye-euro futhi ngamathemba amancane kakhulu ngeminyaka embalwa ezayo. Akumangalisi ukuthi ingcindezi yokuthengisa ibekwe ngokucacile okukhulu kumthengi. Ngengozi emelwe ukuhweba ngaphansi kweyunithi elilodwa le-euro.
Ngakolunye uhlangothi, akukwazi ukukhohlwa ukuthi kuyinani okwamanje elisalinde okungenzeka kulo mkhakha. Ngamanye amagama, ekuhlanganisweni okungenzeka kucatshangelwa izindawo ezibaluleke kakhulu emkhakheni wezezimali. Futhi iqiniso leli lisinda isikhundla salo ezimakethe zezezimali, ngakho-ke amandla alo wokubuyekeza awatholakali, okungenani esikhathini esifushane naphakathi.
I-Atresmedia emkhakheni owehlayo
Uma kunomkhakha ezimakethe zamasheya ongahambisani nezikhathi zawo ezinhle, lokho akekho omunye ngaphandle kwalowo omelwe abezindaba bezokuxhumana ababukelwe ngamehlo. Kwenziwe impahla yi-Atresmedia, okwamanje eku- sula i-downtrend nangelinye lamanani aphansi kakhulu eminyakeni yamuva. Kepha ngasikhathi sinye, iveza amandla wokubuyekeza aphakeme, inqobo nje uma kukhona ushintsho kumkhuba wayo, isuka ku-bearish iye kwi-bullish ngakho-ke izonikeza ukuphenduka okuphelele emibonweni yayo ezimakethe zezimali.
Wonke lawa magugu asuke phezulu aya phansi eminyakeni yamuva kanti kwezinye afinyelele ekulinganisweni okungenangqondo ngaphansi kweyunithi ye-euro. Njengoba kunamathuba amancane kakhulu okunqotshwa ngenxa yezizathu ezahlukahlukene futhi okuholele ekutheni abatshalizimali abancane nabaphakathi babe nezimali zabo ezitshaliwe ngalesi sikhathi sekuhlanjululwe kakhulu.
Ence ukuphoxeka okukhulu
U-Ence Energía y Celulosa uzuze inzuzo ephelele engu- € 27,8 million ezinyangeni eziyisishiyagalolunye zokuqala (-69,6%) kanye ne-EBITDA engu- € 126,5 million (-40%). I-EBITDA yebhizinisi lePulp yayingu- € 85 million (-53%), kanti eyamandla avuselelekayo yayingama- € 41,6 million (+ 28%). Imiphumela ithintekile yisimo semakethe yempuphu, ngentengo ephelele yempuphu ecishe ibe ngama- $ 200 / t ngaphansi kwesilinganiso sayo eminyakeni eyishumi edlule.
Ku-Cellulose, kufanelekile ukugqamisa ukuthuthuka kokusebenza ku-3er ikota, ngokuncishiswa kwe- € 22 / ton ezindlekweni zokukhiqiza uma kuqhathaniswa nekota edlule. Le nkampani igxile kakhulu ohlelweni lokunciphisa izindleko olwethulwe ngoJulayi. Kwa-Energy, ukuqala okuzayo kwezitshalo ezimbili ezintsha ze-biomass kanye nokunikwa amandla kabusha kwezinye izitshalo kuzosho ukuthuthuka okulinganiselwa ku-EBITDA yebhizinisi cishe le- € 30 million / ngonyaka. I-Ence futhi inephothifoliyo yephrojekthi engaphezu kwe-2.100 MW ku-biomass, photovoltaic nasekuhlanganiseni izitshalo zamandla ezishisa ngamandla elanga. Kulokho obekuyi-annus horribilis yenkampani.
I-Bankia nonyaka omubi ebhange
UBankia usebambile ngaphezu kwezigidi eziyizinkulungwane zama-euro ezinyangeni eziyishumi zokuqala zonyaka kwinkonzo yayo yokuphatha iphothifoliyo, ebizwa ngezohwebo ngokuthi yi-Bankia Gestión Expert Ngalokhu, ngokokuqala ngqa idlula izigidi ezingama-3.000 eziphethwe kuyo. Ngaphezu kwalokho, ibhizinisi linike amandla i- ukuqashelwa online yale nkonzo ngohlelo lokusebenza kanye 'ne-Bankia On Line', ihhovisi le-inthanethi laleli bhange.
“Ngo-'Bankia Gestión Expert ', iklayenti, uma selichazwe kahle kwelinye lamaphothifoliyo amane akhona (Quiet, Growing, Balanced and Advanced), akusadingeki ukuthi likhathazeke ngokunquma ukuthi lizotshala imali kuliphi, lizokwenza nini noma ngifuna izimakethe ezinamathemba angcono, phakathi kwezinye izingqinamba. Ithimba labaphathi bakaBankia asebevele liyamenzela, ”kusho uRocío Eguiraun, Umqondisi we-Bankia Asset Management.
Ukuze livumelanise ukusebenza kwale sevisi neziteshi eziku-inthanethi, ibhizinisi lenze uchungechunge lwezinguquko maqondana nokukhangisa kwalo ngamagatsha. Lokhu kunciphise utshalomali oluncane lokuqasha ngamadijithi kusuka ku-10.000 kuya ku-1.000 euro. Iphinde yalungisa amakhomishini: amaphothifoliyo anezinkontileka ezinamadijithi anempahla engaphansi kwama-euro ayi-10.000 8 (inani eliphansi elisungulwe ukubhalisela insizakalo emahhovisi) azokhululwa ekukhokheni ikhomishini yempumelelo engu-0,20% ngenzuzo etholakele. Imali yokuphatha engu-10% izosetshenziswa kuphela kunani elisebenzayo lephothifoliyo, okungenani ngama-euro ayi-5.000 uma leli nani lingaphansi kwama-euro ayizi-XNUMX XNUMX.
Ukubhalisela insiza eziteshini eziku-inthanethi kuyadingeka ukuthi iklayenti linephrofayili yedijithali. Lokho kusho ukuthi unezincwadi ezikhethekile zedijithali nokuthi uye wakwazi ukuxhumana nedatha yakho ukuxhumana nayo kude (i-imeyili kanye nomakhalekhukhwini).