Yize iqiniso lokuthi umbono wenkomba yokulingana ekhethiwe, i-Ibex 35, ingeyinhle ngokweqile, inamakhono wokubuyekeza athakazelisa kakhulu. Nge amazinga angaphezu kwama-10% futhi njalo kuhloswe esikhathini esimaphakathi nesikhathi eside njengenye yezindlela zokutshala imali ongazisebenzisa kusukela manje kuqhubeke. Kunoma ikuphi, lawa amasheya asilele emuva kakhulu nokuthi nganoma yisiphi isikhathi kuzodingeka asabele emazingeni awo aqinile okubekwa ngokweqile.
Okunye izici zabo ukuthi ezimweni eziningi izinkampani ezibalwe ezinomnikelo wenani. Ngamanye amagama, yaziswa kakhulu ezimakethe zezimali futhi njengamanje ikhombisa ifayili le- ukwehla okukhulu ngamanani abo ngezizathu ezahlukahlukene. Kulokho okuyithuba elihle lebhizinisi uma ungeke uqondise ukusebenza esikhathini esifushane. Ngakho-ke ngale ndlela, usesimweni sokwenza imali etshalwe imali izuze ngecebo elinolaka kakhulu.
Lokhu ngemuva kwakho konke ongakwenza kwamanye amanani afanele kakhulu we-Ibex 35, futhi phakathi kwawo kukhona amanye we ama-chips aluhlaza okwesibhakabhaka ezimalini zikazwelonke. Ngenkathi ngakolunye uhlangothi, ingasetshenziselwa ukudala isikhwama esinamandla sokonga esinenani lesikhathi eside. Yize kuyiqiniso futhi ukuthi amanani ezokuphepha uzowabona ngamazinga aphansi ezinyangeni ezizayo. Kuze kube seqophelweni lokuthi ngonyaka ozayo bangehla kakhulu. Kodwa-ke, izinhloso zakho zikwezikhathi ezihluke ngokuphelele.
I-Telefónica ngama-euro angama-8
Ngemuva kokuwa kokugcina emakethe yamasheya, ubungozi ezikhundleni zaleli nani le-Ibex 35 zehle kakhulu. Ngaphakathi kwamasu okutshala imali 'inhloso yokuqala kumele ibe seduze kakhulu nama-euro angama-8 ngesabelo ngasinye, yize kuzoba yisikhathi esiphakathi nendawo sokuhlala unomphela. Ngoba ihlinzeka ukusekelwa okuqinile kuma-euro angu-7,40 nokuthi izophinda ibambezele ukunyuka okuphezulu kwaleli nani nokuthi kungenzeka susa ingcindezi yokuthenga ezinyangeni ezimbalwa ezizayo. Kunoma ikuphi, kungenye yezokuphepha ze-Ibex 35 ezinamandla amakhulu okubuyekezwa okuphezulu kusuka ezikhundleni zamanje.
Okunye ukuphepha kwamasheya okusebenza isikhathi eside ukwenza inzuzo emisebenzini yokuthengwa kwamasheya yi-Endesa. Uma nje zihlala ngaphezu kwamanani onawo esikhundleni sakho ukuvuka kwamahhala, cishe ama-euro angu-24,10. Uma yeqiwe, ingafinyelela kahle ezingeni lama-euro angama-27. Ngamanye amagama, isazoqhubeka nokubuyekezwa okucishe kube ngama-20%, ngemuva kwakho konke ukwanda okwenzekile kusukela ehlobo lonyaka odlule.
Igoli likaSantander kuma-euro angama-5
Inhloso yeBanco Santander ilinganiselwa kuma-euro angama-5 ngesabelo ngasinye, ngaphezu kwe-3,70 lapho ihweba khona njengamanje. Ngenkathi ngakolunye uhlangothi, kufanele futhi kuboniswe ukuthi yibhange elinakho izincomo ezinkulu ngabalamuli bezezimali. Lapho kungaba yithuba lokuthenga elicacile lesikhathi esimaphakathi nesikhulukazi. Noma kunjalo kungalahlekelwa inani ezinsukwini noma ezinyangeni ezizayo.
Okufanayo kuyenzeka ngokwenzeka ngamasheya e-BBVA nokuthi isitobhi sokuthola inani elihlosiwe elinikezwa ngabathengisi bamazwe bamazwe aphambili lisezingeni lama-euro ayisithupha ngesabelo ngasinye. Ngalo mqondo, akukwazi ukukhohlwa ukuthi leli nani livela kuma-euro angama-6 nokuthi empeleni kusho ukuthi amasheya alo ehlise ngo-9% ngaphezu kwezikhundla zawo ekuqaleni kwale nhlangano yokulungisa. Ngakolunye uhlangothi, ngesinye sezitoko zomkhakha wamabhange esiye sasebenza kabi kakhulu kulo nyaka.
I-Arcelor ngaphezulu kwama-euro angama-20
Kuzo zonke izibambiso, i-Arcelor iyona enomkhawulo ophakeme kakhulu. Yize kungu inani lomjikelezoNgamanye amagama, ingaziphatha kabi ukwedlula zonke ezinye ezimweni ezimbi kakhulu ezimakethe zezimali. Kepha lapho kufika izikhathi ezinhle zesitoko, bekungeke kumangaze uma amasheya aso edlula umkhawulo obalulekile kuma-euro angama-20 ngesabelo ngasinye. Ukuba elinye lamathuba ebhizinisi futhi esikhathini eside kakhulu. Ungalokothi usebenzise isikhathi esifushane kakhulu ngoba ezimweni ezinjalo izingozi ziphakeme kakhulu.
Ngenkathi ngakolunye uhlangothi, kubalulekile futhi ukugqamisa inketho yokuthenga enkampanini kazwelonke kawoyela iRepsol ngoba imelela enye indlela ephumelelayo yokwenza ukonga kube nenzuzo eminyakeni embalwa noma engaphezulu. Kanye nokuncika kwayo ngokweqile entengo kawoyela ongahluziwe. Ukulinganiswa kwabahlaziyi be-Equity kukhombisa ukuthi kungambalwa ongakuthola intengo esondele kakhulu kuma-euro angama-20 isabelo esivela kuma-euro angama-14 lapho sibhalwe khona njengamanje. Ngaphezu kwalokho, kuyisiphakamiso emakethe yamasheya esibonisa isici sezobuchwepheshe esingenakuphikiswa futhi esimema abatshalizimali abancane nabaphakathi ukuthi bathathe izikhundla ngisho nakumasu anolaka kakhulu.
USabadell angadlula i-euro
Vele, ayikho enye inhloso ngaphandle kokuphinda uthathe iyunithi elilodwa le-euro kuleli bhange likazwelonke nokuthi lingakuthola ezinyangeni noma eminyakeni ezayo. Yize kufanele futhi sikucabangele ukuthi kusenqubo yokwenza iqembu nezinye izikhungo zezikweletu futhi ngalokho-ke kungaphazamisa ukulinganiswa kwayo emakethe yamasheya. Ngobungozi obukhulu ezikhundleni ezivulekile ngoba kungenzeka ezinye izimanga mayelana nale micimbi emkhakheni.
Akumangalisi ukuthi kucatshangelwa ukuthi ingahlangana ne-Santander noma i-BBVA, okusho ukuthi kuzokwakhiwa kabusha ngokuphelele esigabeni sezezimali. Isilinganiso esihlakaniphe kakhulu ngalesi sikhathi kungaba ukuyeka ukwenza noma yikuphi ukusebenza ezimakethe zezimali lapho kubhekene nalokho okungenzeka. Ngakolunye uhlangothi, ngesinye sezitoko zomkhakha wamabhange esiye sasebenza kabi kakhulu kulo nyaka.
I-Endesa yama-euro angama-27
Imiphumela ye-Endesa yezinyanga eziyisishiyagalolunye zokuqala zonyaka ilandele imigqa emihle ebekwe yilabo abethulwe kuze kube nguJuni, okuvumela ukulindela ukufezekiswa kwezinhloso zango-2019 ezithunyelwe yinkampani emakethe ngaphakathi kohlaka lwe-Strategic Plan yayo. Ukuphathwa kahle kwezimakethe ezikhululekile, endaweni enzima kakhulu, emabhizinisini kagesi nogesi, kuyaqhubeka nokuba yinto ebalulekile kule miphumela emihle, engezwe ukuzinza kwemakethe elawulwayo kanye nempumelelo ezindlekweni umzamo wokuqukethwe.
Ngakolunye uhlangothi, kufanele kuqashelwe ukuthi kube nokwehla okukhulu kwesidingo sikagesi ezinyangeni eziyisishiyagalolunye zokuqala zonyaka (-3% ngokwemigomo elungisiwe) njengomphumela wamazinga okushisa aphezulu enkathi kanye nomthelela lokwehla kwamandla kagesi. umnotho ekusetshenzisweni kwamandla kwezinkampani ezinkulu. Lapho i-CEO ye-Endesa, uJosé Bogas, eqinisekise khona ukuthi "ukutshalwa kwemali emandleni avuselelekayo kanye nokwenza ikhompiyutha ebhekene nenkampani kube yinto esemqoka ukuqhubeka nokunikeza imiphumela emihle emakethe eya ngokuya iba nzima. Ama-50% alo lonke utshalomali lwethu kanye no-80% wakho konke ukutshalwa kwezimali kwentuthuko kulezi zinyanga eziyi-9 zokuqala kube ngamaphrojekthi avuselelekayo.
I-Inditex isetha inkambo yama-euro angama-30
Ukuthengiswa kwe-Inditex Group engxenyeni yokuqala ka-2019 –abaphakathi kukaFebhuwari 1 noJulayi 31– kukhuphuke ngo-7%, kwafinyelela kuma-euro ayizigidi eziyi-12.820 okokuqala ngqa. Ngamazinga okushintshana njalo, inzuzo ikhule ngo-7%. Ukuthengiswa ezitolo ezifanayo, okwamanje, kuphinde kwagcina izinga lokukhula eliqinile futhi lakhuphuka ngo-5%, ngokunyuka okuhle kuwo wonke amafomethi nakuzo zonke izindawo, nakuzo zombili izitolo neziku-inthanethi.
Lokhu kusebenza okuqinile kukwazile ukuletha inzuzo ephelele kuma-euro ayizigidi eziyi-1.549, okwedlula ngo-10% ama-euro ayizigidi ezingama-1.409 engxenyeni yokuqala yonyaka ka-2018. Isibalo sikhombisa umthelela woMthethonqubo we-IFRS 16, ngaphandle kwalapho inzuzo ibingaba khona lenyuke ngo-7%. Emugqeni ofanayo, i-Ebitda ne-Ebit, ekhule ngo-47% no-14% ngokulandelana, izoba nokukhula okuhle kuka-8% no-7%. Abaphathi babonakala ngokukhethekile ekukhiqizeni imali okuqinile, okufinyelela ezingeni eliphakeme kakhulu, okukhula nge-13% kuya kuma-euro ayizigidi ezingama-6.730.
Kuzo zonke izimo, akusho ukuthi lezi zintengo zizohlangatshezwa eminyakeni ezayo. Uma kungenjalo, kunalokho, kuyintengo esebenza njengesiqondiso semisebenzi yakho emakethe yamasheya. Njengomunye wemingcele ongayisebenzisa ukuthatha izikhundla kwamanye amanani aveziwe. Kunoma ikuphi, lawa amasheya asilele emuva kakhulu futhi kuzodingeka asabele emazingeni awo okuqapha ngokweqile nganoma yisiphi isikhathi. Ukuze ngale ndlela, ukwazi ukuthuthukisa iphothifoliyo elandelayo yokutshala izimakethe ezimakethe zezimali.