Esinye sezitoko ezisebenza kakhulu ezimakethe zezimali njengamanje ngokungangabazeki ulayini womoya we-IAG. Ngenxa yokuguquguquka okuphezulu lapho amasheya ayo athengiswa khona ngoba angakhuphuka noma awe ngaphansi kwamandla afanele kakhulu, ezimweni eziningi ngamazinga angaphezu kuka-3% noma u-4%. Ukuba ngesinye seziphakamiso zemakethe yamasheya ezifanele kakhulu zokwenza imisebenzi yokuhweba. Yize ungowolayini webhizinisi obhekwa njengokujwayelekile.
Ngakolunye uhlangothi, inikeza ukwenziwa kwemali ephezulu ngokuphepha kwayo ngevolumu yokuhweba ephezulu kakhulu kuzo zonke izikhathi zokuhweba. Kubhalwe ohlwini lwezinkomba zamasheya aseSpain, i-Ibex 35, njengenye yezokuphepha ezimele kakhulu futhi lokho kuyisihloko sengxenye enkulu yokusebenza kwabatshalizimali abancane nabaphakathi. Ukuhamba ngezihloko zakho kumucu okungukuthi phakathi kwama-4 no-8 euros ngesabelo ngasinye. Ngaphansi kwethrendi yokuthi kuze kube manje ihambile ngokulingene.
Ngenkathi ngakolunye uhlangothi, amanani abo kuya ngokuvela kokungahluziwe ezimakethe zezimali. Ukuze ngale ndlela, amanani abo enyuke noma ehle ngokuya ngaleli pharamitha elibalulekile lezimakethe zezimali. Kuzoba yinto enqumayo yokuthi inani lamasheya alo likhuphuke kusuka manje kuqhubeke. Akumangalisi ukuthi lesi sici sibangela ukuthi ihwebe ngokuguquguquka okuphezulu okungenzeka kungafaneli kakhulu izintshisekelo zabatshalizimali abancane nabaphakathi abanamaphrofayli alondolozayo. Ngokwehluka okungafinyelela amazinga we-5% futhi angasetshenziselwa imisebenzi yokuhweba noma kuseshini efanayo yokuhweba.
IAG: ngamafutha ku- $ 60
Njengamanje, intengo ye-Texas Intermediate Oil (WTI) inyuke ngo-5,5% ukuvalwa kuyo $ 62,43 umgqomo ekuphenduleni ukwehla okunamandla kwamasonto onke koovimba baseMelika, kwemiphongolo eyizigidi eziyi-9,5, kanye nokusondela kwesiphepho eGulf of Mexico esiphoqe ukuphuma kwabantu ezisekelweni. Ngenkathi ngakolunye uhlangothi, kufanele kuphawulwe ukuthi ekugcineni kokusebenza kweNew York Mercantile Exchange (Nymex), izinkontileka zesikhathi esizayo ze-WTI zokulethwa ngo-Agasti zakhuphuka ngama-dollar ayi-3,60 uma kuqhathaniswa nosuku lwangaphambilini futhi zafinyelela enanini eliphakeme kakhulu lokuvala emasontweni ayisikhombisa edlule.
Okwamanje, akukaze kube khona mkhuba ocacile entengweni yale mpahla yezezimali ebalulekile nokuthi ukuvela ezimakethe zezimali kuzoxhomeka enkampanini yezindiza i-IAG. Ngokwalesi sizathu, izingozi zingaphakama kakhulu kunakwamanye imikhakha yemakethe yamasheya. Futhi lesi yisici abatshalizimali abavula izikhundla enkampanini kusuka kulezi zinsuku ngokungangabazeki okufanele basicabange. Ngoba eqinisweni akukho mkhuba ocacile, noma ngomqondo owodwa noma komunye.
I-factor ephikisana ne: Brexit
Ngenkathi kunjalo, isitha sakhe esikhulu ngu Ukuhamba kweBrithani ezikhungweni zomphakathi. Ngaphandle kokunye ukucatshangelwa kobuchwepheshe futhi mhlawumbe futhi kusukela ekubukeni kwezisekelo zayo. Ngoba empeleni, i-IAG ingelinye lamagugu asengozini kakhulu yemali engenayo yaseSpain ngenxa yaleli qiniso elimangalisayo. Lapho, izikhulu zaseBrussels zikuqinisekisile ukuthi uhlelo lwe-IAG lokugwema iBrexit "alunangqondo" ngoba babheka ukuthi abatshalizimali baseBrithani abayona i-EU, ngokwe-Financial Times
Njengoba kunikezwe lesi simo, akungabazeki ukuthi ukunakekelwa okukhethekile kuzodingeka kuthathwe ngale-Ibex 35 efakwe kuhlu kokungenzeka ezinsukwini noma emasontweni ambalwa ezayo. Lesi ngesinye sezizathu ezinkulu zokufakwa kwengcindezi yokuthengisa ngokucacile kulezi zikhathi zemakethe yamasheya. Akuqedi ukusuka futhi kuba yinkimbinkimbi kakhulu ukuthi ingafinyelela kuma-euro angama-8 ngesabelo ngasinye, okungenye yezinhloso zabatshalizimali abancane nabaphakathi. Kulokho okwenziwe njengokushoda kwencazelo okukhathazeka kakhulu ngezintshisekelo zabo. Ngengozi esobala yokuthi ingawela emazingeni ama-euro ama-4 noma ngokulinganisa okuphansi ezimakethe zezimali.
Linda ukubona ukuthi kwenzekani
Vele, ezimweni zenkambiso eya phezulu, into enengqondo kakhulu ongayenza ukubamba imali kuze kube yilapho uthola amanani angcono kwikhotheshini yayo noma kuze kube kuvela izimpawu ezibonisa ukuphela kwalo mkhuba, yize kunengozi yokuwela ezimweni ezingavamile ezingenza inani lihle kakhulu ngokulahleka okulandelayo esitatimendeni sakho semali engenayo. Lapho ukuhlakanipha kufanele kube yikhona okuyinhloko ezenzweni zabatshalizimali.
Ngakho-ke, kungaphezu kokuqonda ukukhetha ifomula ehlanganisa i-equation kwezokuphepha kanye nobungozi njengecebo lokugcina amanani anikelwe. Ikakhulukazi kulezo zikhathi ze-bearish lapho kulula khona ukuzuza okuncane okutholakele ukuba kube yizikhathi ezimbalwa zokuhweba ngokubomvu kumtshali-zimali, nenkinga yokuthi uzothengisa yini ngokukhubazeka noma ungene ngokujulile kuzo. Kulokho okulungiselelwe njengenye yezimo le nkampani yendawo eyinkomba engangena kuzo kufayela le- izindiza ezimfishane, eziphakathi nendawo nezinde.
Izindleko ekusebenzeni kwakho
Uma kukhulunywa ngokulinganisa inzuzo engenzeka yokusebenza ngakunye kwesitoko, akudingeki nje kuphela ukuthi sibheke umehluko phakathi kwentengo yokuthenga nentengo yokuthengisa, kodwa futhi kufanele futhi sengeze izilinganiso zekhomishini onayo umsebenzi ngamunye wesitoko, kanye ilungelo lokugcina futhi, yebo, inani elibhekiswe kuMgcinimafa, ngo-18%. Kufingqiwe konke - okumelele phakathi kuka-0,50% no-1,50% wedolobha elitshaliwe- Kuzokwazi ukuthola inzuzo yangempela yotshalo-mali, okuthi ezimweni lapho ukuzuza kwemali kungaphansi, kungahle kungabi namandla okunciphisa umphumela wamakhomishini nezintela.
Lokhu kufanele kube wukusebenza okumele kwenziwe yibo bonke abathengisi ngaphambi kokunquma ukuthengisa noma ukulinda inzuzo ephezulu. Ngokuphambene nalokho, lapho inzuzo etholakalayo ekhulisiwe iba nkulu, okuncane kuzoba nomthelela wala manani. Ngokunjalo, amanani aphakeme atshaliwe –naphezu kokwanda kwamakhomishini- kwehlisa umthelela wawo kuma-akhawunti wokugcina womsebenzi ngamunye owenziwayo. Ngalesi sizathu, kungakuhle ukuthi ukhethe okukodwa kokunikezwa okuningi okuhlinzekwa ngamabhange namabhange okonga ukuze isebenze emakethe yamasheya, kokunye ezimele isaphulelo esingu-8% noma esingu-15%.
Umbono webhizinisi
Emazingeni amanje entengo kaphethiloli namanani okushintshisana, i-IAG ilindele inzuzo yayo ekusebenzeni ngo-2019 ngaphambi kwezinto ezihlukile ezizofana nalezi ze-2018 proforma. Ngamazinga okushintshana njalo, kulindeleke ukuthi imali engenayo yabagibeli beyunithi ihlale ingaguquguquki nokuthi izindleko zamayunithi ngaphandle kukaphethiloli zizothuthuka uma kuqhathaniswa nonyaka odlule. Ngokunjalo, imali engenayo yabagibeli ngamanani okushintshana njalo kulindeleke ukuthi ithuthuke engxenyeni esele yonyaka.
Le yimiphumela empeleni engamukelwanga kahle ngabasebenzeli abahlukahlukene nabalamuli bezezimali. Ngaphandle kokufakwa ohlwini, hhayi phansi noma phezulu. Uma kungenjalo, endaweni engathathi hlangothi lapho ibifakwe khona iminyaka eminingi. Kuze kube seqophelweni lokuthi akuthathanga mkhuba ocacile. Kepha kunalokho, ihamba phakathi kwamamaki achazwe kahle kuze kube manje. Ngaphandle kwanoma yisiphi isikhathi, kube nezinguquko zokubaluleka kokumiswa kwezintengo zabo phakathi kwama-euro angama-4 no-8 ngesabelo ngasinye. Kuzofanele silinde futhi sibone ukuthi kwephula noma yiliphi kulawa mazinga ukuthenga noma ukuthengisa izikhundla zalo emakethe yamasheya.
Imiphumela yekota
Inzuzo yokusebenza yekota yokuqala yayingu- € 135 million ngaphambi kwezinto ezihlukile (i-2018 proforma1: € 340 million). Ngokolunye uhlangothi, imali engenayo yeyunithi yabagibeli yekota yehle ngo-0,8%, futhi emazingeni okushintshaniswa njalo kwehle ngo-1,4%. Ngenkathi izindleko zamayunithi ngekota, ngaphandle kukaphethiloli, ngaphambi kwezinto ezihlukile zikhuphuke ngo-0,8%, ngenkathi ngamanani okushintshana njalo nasesimweni se-pro-forma1 zehle ngo-0,6%.
Phakathi kwemiphumela yaso yekota yakamuva, kufanele kushiwo ukuthi izindleko zikaphethiloli weyunithi zenyuke ngo-15,8% kanti amazinga okushintshana njalo anyuke ngo-11,1%. Lapho umthelela ophelele ezinzuzweni ze- ukuhwebelana kwemali okwenziwe ngekota bekukubi kuma-euro ayizigidi ezingama-61, kanti ngakolunye uhlangothi, imali ibimile kuma-euro ayizigidi ezingama-7.481 kusukela ngoMashi 31, 2019, emele ukwanda kwama-euro ayizigidi eziyi-1.207 uma kuqhathaniswa noDisemba 31, 2018, futhi isikweletu sonke / i-EBITDA ithuthukise ama-0,2 kuya ku-1,0 izikhathi. Ekugcineni, ngiphawula ukuthi inzuzo ngemuva kwentela ngaphambi kwezinto ezihlukile kwaba ngama-laes angama-70. Ngenkathi izindleko zamayunithi ngekota, ngaphandle kukaphethiloli, ngaphambi kwezinto ezihlukile zikhuphuke ngo-0,8%, ngenkathi ngamanani okushintshana njalo nasesimweni se-pro-forma1 zehle ngo-0,6%.