Kungumqondo ojwayelekile engxenyeni enhle yabahlaziyi bezezimali ukuthi kunezizathu ezanele zenkomba ekhethiwe yamasheya aseSpain, i-Ibex 35, ngenhla kwamaphoyinti angama-9.000. Ngalo mqondo, basikisela ukuthi izimo ezimbi kakhulu emakethe yamasheya sezivele zehlisiwe. Okuthile okuyinkimbinkimbi ukucacisa lapho ukuvunywa kwezabelomali ezijwayelekile yi-Italy kusalindile. Isici esiyinhloko sokususa ukuvela kwamasheya ezinkampani ezibaluleke kakhulu emakethe yezimali yaseYurophu.
Esinye isici okufanele sibhekwe ukuthi izinkampani ezifakwe kuhlu zizokhombisa inzuzo ephansi emiphumeleni yebhizinisi elandelayo kunakuze kube manje. Ngalo mqondo, enye yezinkampani elandelwa kakhulu ngabatshalizimali abancane nabaphakathi ngaphandle kokungabaza iTénicnicas Reunidas. Kube njalo omunye wabajeziswa kakhulu eminyakeni yamuva ngokwehla kwenani lalo ngaphezu kokufanele. Lesi ngesinye sezizathu esenza ukuthi ukubonga kwayo kube phezulu kusukela manje.
Yebo, ngaphandle kwesimo sayo esingesihle, ibambe inkanyezi ekubuyeni okubaluleke kakhulu ezimakethe zokulingana zikazwelonke. UTécnicas Reunidas uthumele ukwenyuka kwansuku zonke okungaphezulu kuka-3% ngesonto eledlule, ngemuva kokulungisa amanani entengo aphansi kakhulu. Kepha izindaba ezimnandi zabatshalizimali abafuna ukukhetha lesi siphakamiso semakethe yamasheya ukuthi izikhundla zabo ziqiniswe abanye babahlaziyi bezezimali abafanele kakhulu emakethe yamasheya. Njengamacala athile we UMorgan Stanley noJP Morgan abanemibono ehlukahlukene eya enkampanini yobunjiniyela.
I-Técnicas Reunidas ngama-euro angama-22
Amasheya ale nkampani i-Ibex 35 okwamanje asesikhathini esibucayi ngentengo yawo. Ngoba ngesonto eledlule ekugcineni likwazile ukubuyisa izinga lama-euro angama-22 ngesabelo ngasinye. Lokhu kungaba yisinyathelo sokuqala sokuthola ukuphakama okuphezulu, okungenani ngonyaka olandelayo noma ngabe kukhiqizwa okwendabuko I-rally ye-bullish ngamaholide kaKhisimusi. Akunakukhohlakala ukuthi iminyaka eminingi ayikadluli selokhu inani layo lalisezingeni elingaphezu kwama-euro angama-30. Ukuba, noma kunjalo, elinye lamanani athandwayo ngabahlaziyi abahlukahlukene bezezimali.
Le nkampani, nokho, iqale indiza ephawulekayo yabathengi futhi lokho sekuholele ekutheni esikhathini esifushane kakhulu cishe ingxenye yesithathu isele kokulinganisa kwakho. Kulesi simo esivamile, kubaluleke kakhulu ukucacisa ukuthi uma ukwanda kwezinsuku zokugcina kuyimbuyiselo eyodwa hhayi okunye noma, ngokuphambene nalokho, kuyinguquko ebalulekile kuthrendi. Kunoma yiziphi izimo, kuzodingeka ukuthi silinde izinsuku ezimbalwa ukuze sibe nesiqiniseko esiphelele ngokwenzekayo ngezihloko zabo okwamanje.
Izintengo eziqondisiwe ziphakeme kunenani lazo
Izindaba ezimnandi zabatshalizimali abancane nabaphakathi zisuselwa eqinisweni lokuthi amabhange ashiwo ngenhla, yize ehlise intengo ebhekiswe enkampanini, isengaphezu kokulinganiswa kwayo kulezi zinsuku. Ngokukhomba intengo ekhonjiwe esusayo phakathi kwama-25 no-30 euros ngesabelo ngasinye. Lokhu kusho ukuthi amasheya eTecnicas Reunidas anokuthakazelisa okuphezulu. Ngisho nokubuyekezwa okuphansi abakutholile kuMorgan Stanley noJP Morgan. Kuze kube seqophelweni lokuthi abanye babatshali zimali abanolaka emakethe sebethathe izikhundla zenani lokwenza imali ngemali yabo.
Ngokwezinga elikhulu, ukwanda kwezinsuku zakamuva kudalwe wukukhuphuka kwentengo kawoyela. Yize lokhu kuseshini edlule kwehle cishe ngo-3% ngenxa ye- izilungiselelo ezintsha emthethweni wokunikezela nokufunwa kule mpahla ebalulekile yezimali. Ngoba noma yini engukunyuka kwentengo kawoyela ongahluziwe izoba lusizo olukhulu ezithakazelweni zenkampani ezibalwe enkombeni ekhethiwe yemakethe yamasheya kazwelonke. Futhi konke kukhombisa ukuthi kuyadlala ngabo, kuya ngokubhejwa kwabahlaziyi bezezimali abanesimo esikhulu kakhulu ezimakethe zezezimali.
Kuxhunyaniswe nentengo kawoyela ongahluziwe
Ukuwa kwezinsuku zokugcina kususelwe ngemuva kwe- Inhlangano Yamazwe Athekelisa Uphethiloli (OPEC) ukuqinisekisile ukuthi ngenyanga edlule ukukhiqizwa kukawoyela ongahluziwe kukhuphukile. Akumangalisi ukuthi ukuncika kukaTénicnicas Reunidas kule mpahla yezezimali ephawuleka kakhulu kunokufanele, njengoba kubonisiwe eminyakeni yamuva. Ngaphandle kokunye ukucatshangelwa kobuchwepheshe futhi mhlawumbe futhi kusuka endaweni yokubuka eyisisekelo. Ngoba isuke ekubeni ngesinye sezikhulu ezisindayo zamasheya aseSpain yaba yinto yokudumazeka kwalo nyaka esesizophela.
Ngalo mqondo, kungenxa yezindleko zokungazinzi kwale makethe yezezimali futhi okuholele kokukhulu ukumelana nesikhathi esimaphakathi nesikhathi eside ezitholakala emazingeni angama-euro angama-23 ngesabelo ngasinye. Kuncike ekutheni ukwanela okuthile kudluliwe ezindaweni ezisondele kakhulu ku-21,72. Lokhu kusebenza kusho ukuthi ihamba ngaphansi kokunyakaza okuncane kakhulu maqondana nokwazisa amanani ayo. Ngalesi sizathu, kuyinkimbinkimbi kakhulu ukuqagela ukuthi kungcono yini ukungena noma ukuphuma ezikhundleni kuleli nani le-Ibex 35.
Amasu njengamanje
Kunoma ikuphi, akungabazeki ukuthi iTénicnicas Reunidas ingesinye sezibambiso eziyinkimbinkimbi kunazo zonke ukusebenza kuyo yonke imigomo enikezwe ikhalenda: emfushane, emaphakathi nendawo ende. Phakathi kwezinye izizathu zokuthi kungani izisekelo kanye nokumelana basendaweni engekho kude komunye nomunye. Ukufika ezingeni lokuthi kulula kakhulu ukwenza iphutha elingajwayelekile kumasu ongawathuthukisa kusukela manje kuqhubeke. Ngokuhluka phakathi kwezintengo zayo eziphakeme nezincane eziphakeme kakhulu futhi kunoma yisiphi isimo eziphakeme kunalezo ezinikezwe ngamanye amanani emakethe kazwelonke eqhubekayo.
Ngakolunye uhlangothi, imiphumela yakamuva yekota yenkampani idala ukuthi lesi sixwayiso yisona sici esivame kakhulu seningi lakho amasu okutshala imali. Akumangalisi ukuthi bavame ukwehluka kakhulu kusuka kwikota eyodwa kuya kwenye, into engenzeki kwezinye iziphakamiso zemakethe yamasheya ezethulwe yimasheya aseSpain. Ngenkathi kwenzeka okuphambene nalokho, amathuba okuba abe nephutha aqinisekisiwe ngokusobala, njengoba kungafakazela ingxenye enkulu yabatshalizimali abancane nabaphakathi. Ezigamekweni ezimbili ezinkulu kwezobuchwepheshe ezethulwe enye yezinkampani zobunjiniyela emnothweni waseSpain.
Imiphumela yebhizinisi yakamuva
Mayelana nemininingwane yakamuva yomphakathi yale nkampani, kufanele kuqashelwe ukuthi enye yezinto ezifanele kakhulu yileyo ekhombisa ukuthi le nkampani yethula ukwehla okukhulu kwenzuzo engaphezudlwana kwama-90% ezinyangeni eziyisishiyagalolunye zokuqala zonyaka, maqondana nesikhathi esifanayo ngonyaka odlule. Enye yezinto ezibangele le miphumela edumazayo kungenxa ye- umphumela wemali, Kungenxa ikakhulukazi yokwehla okuqinile kwe-lira yaseTurkey futhi lokho kuthinte ukuthi lezi zindawo zokulamula azikholwanga ezimakethe zezezimali.
Ngakolunye uhlangothi, okuye kwadumaza kakhulu inzuzo ephelele yokusebenza (Ebitda) nokuthi kulesi sikhathi ume kwizigidi ezingama-43,5. Ngokwenzayo, lokhu kusho ukuthi lehle cishe ngama-60% uma kuqhathaniswa nesikhathi esifanayo ngo-2017. Ngenkathi, ngokuphambene nalokho, inzuzo yayo ifinyelele ezigidini ezingama-3.256, i-16% ngaphansi kunangesikhathi esedlule esihlaziyiwe. Kunoma yiziphi izimo, lokhu kuyidatha eye yehla kakhulu ezimakethe zezimali ngamanani entengo alandelayo. Kufike ezingeni lokuba kwelinye lamazinga aphansi kakhulu eminyakeni yamuva.
Ikhwalithi yenani
Kunoma ikuphi, kunesici esisodwa lapho abahlaziyi abaningi bevuma futhi lokho ukuthi le nkampani inenani maqondana ne- isikhathi esimaphakathi neside. Ngalo mqondo, ukusikeka kungasetshenziswa ukuthatha izikhundla ebusweni bale migomo. Ngenzuzo ehlonishwa kakhulu futhi lokho ukuthi imisebenzi ingenziwa ngentengo yokuncintisana kakhulu kunangaphambili. Ngaphandle kokunye ukucatshangelwa kwezobuchwepheshe futhi yize manje kungekho emazingeni amahle kakhulu ekhotheshini. Ngoba awukwazi ukukhohlwa ukuthi bekungenye yezindawo zokubheja ezimakethe zamasheya ezithandwa abalamuli bezezimali.
Ngokwalo mbono, iTénicnicas Reunidas kufanele okungenani isebenzele ukuyigcina ku-radar yokusebenza kusukela ngonyaka olandelayo. Ngoba nganoma yisiphi isikhathi ungaqala kabusha ukunyuka okuphezulu ngaphambi kokuvela kwezinkontileka ezintsha kubunjiniyela bezombusazwe eminyakeni embalwa ezayo. Ngakho-ke, inani lakho elihlosiwe lingaphakanyiswa lisuswe ezikhundleni zakho zamanje. Yize inezisekeli ezinamandla ngaphambi kwayo ezinganciphisa ukweqa kwayo phezulu.