I-Enagás yenye yeemali zaseSpain ezixabise ezona nyanga zilishumi elinambini zidlulileyo. Ukuya kwinqanaba lokunikezela Inzuzo engaphezulu kwama-20% Ngeli xesha nangaphezulu izindululo ezifanelekileyo kwimarike yemasheya. Ngayiphi na imeko, utshintsho kumkhwa luye lwaphawulwa kwiiseshoni zorhwebo zamva nje ezinokuthi zonakalise indlela ecacileyo yokunyuka, ubuncinci kwixesha eliphakathi nelide. Nokuba yeyiphi na, yenye yezo xabiso kufuneka zigcinwe kwi-radar kwimeko apho kufanelekileyo ukuyifaka kwipotifoliyo yesitokhwe kwiinyanga ezimbalwa ezizayo.
Izilungiso eziye zaphuhliswa kwiiveki zamva nje nazo bezichanekile njengoko belilungisile ixabiso lazo kwinqanaba le-10%. Ukubonisa ubuthathaka obuthile kwizikhundla zokuthelekisa ezazibekwe ngokukhululeka okukhulu ekuqaleni konyaka. Ngaphakathi kwimeko ngokubanzi, kwicandelo lelinye lezona zinto ziphambili ezinje ngamandla, kunye namanye amaxabiso anje nge I-Red Eléctrica Española, i-Endesa, i-Iberdrola kunye ne-Naturgy kwaye apho ezinye zazo zibekwe kumfanekiso wokunyuka kwamahhala. Yeyona nto ibaluleke kakhulu kuzo zonke kubaxhamla babatyali zimali abancinci nabaphakathi kuba ibonisa ukuba akukho nkcaso iphambili.
Ngelixa kwelinye icala, i-Enagás yenye yezo zithathwa njenge Ukuzikhusela okanye ukugcinwa. Ukusebenza njengendawo ekhuselekileyo xa ujongene neemeko zokungazinzi kwiimarike zezabelo. Apho indawo elungileyo yenkunzi yabatyali mali abancinci naphakathi iya kunika uxolo lwengqondo kancinci kwizikhundla zabo kwimarike yemasheya. Ayothusi into yokuba ayisiyonto yokhuselo le imele ukungazinzi okugqithisileyo kuqwalaselo lwamaxabiso. Ngaphandle kwenyani yokuba kwiiseshoni zokugqibela zeemarike zesitokhwe siphuhlise iintshukumo ezinamandla ngakumbi kunesiqhelo kweli candelo lezabelo zeSpanish.
Ulwabiwo lwesahlulo esinenzuzo enkulu
Olunye lweempawu ezintle zeli xabiso le-Ibex 35 yile ngeniso ephezulu enayo kwisahlulo asasaza phakathi kwabanini zabelo. Ngomyinge wenzala okwangoku oyi-6% nangaphezulu kunaleyo inika lo mvuzo. Yintlawulo yonyaka ezinzileyo minyaka le kwaye ihanjiswa kabini ngonyaka. Ngenzuzo ephezulu kakhulu kunaleyo inikezelwa ziimveliso eziphambili zebhanki. Phakathi kwabo, iidipozithi zexesha elimiselweyo, iiakhawunti ezinengeniso ephezulu okanye iibhondi ezihlanganisiweyo ngokwazo.
Esi sesinye sezizathu eziphambili zokuba kutheni lixabiso elinekhontrakthi kakhulu kwezona profayili zikhuselayo. Ukwenza ibhegi yokonga ezinzileyo kunye nekhuselekileyo zethuba eliphakathi nelide Oko kukuthi, emva kwayo yonke loo nto, yenye yeenjongo zayo. Ngelixa kwelinye icala, asinakho ukuyilibala into yokuba le yinkampani enelayini ephindaphindayo yeshishini kwaye ngenxa yoko zimbalwa izinto ezingalindelekanga ezinokubakho ukusukela ngoku. Apho eli xabiso lingalindelwanga ukuba liwele kakhulu kwimarike yemasheya, kodwa kungabi luvavanyo olukhulu ukusukela ngoku ukuya phambili.
Ukuba nayo kwipotifoliyo yakho
Ukuba eli xabiso likhethekileyo le-Ibex 35 libonakaliswe ngento ethile, kungenxa yozinzo enokuthi inikele ngalo mzuzu kwipotifoliyo yotyalo-mali. Ewe ukubheja kunokuba luncedo kakhulu ixesha elide kakhulu. Kwelinye icala, idla ngokuxabisa phantse minyaka le, kuyinyani ukuba hayi ngamandla amakhulu. Ewe, ngeli xabiso lentengiso awuyi kuba ngusozigidi ngobusuku bonke. Njengabanye abameli bezinto zesizwe kwaye oko kunganyusa (okanye kunciphise) ikapitali yakho kwezi ndlela zotyalo-mali. Ngokuqinisekileyo le yinto ekufuneka uyithathele ingqalelo ukusukela ngoku.
Ngelixa kwelinye icala, kubalulekile ukugxininisa into yokuba i-Enagás ikho kakhulu kwizikhundla zokhuseleko iiarhente zezemali okanye abalamli. Bambalwa kubo abasusa amehlo abo kweli xabiso lelinye lamaxabiso asisiseko kwiibhendi zabarhwebi, njengoko uya kuba nakho ukuqonda ngalo naliphi na ixesha lonyaka. Ngayiphi na imeko, ekugqibeleni sisigqibo oya kuthi usenze ngokobuqu kuba kukho imali eninzi esengozini kolu hlobo lomsebenzi kwiimarike zezemali kwii-equities. Ngaphandle kwendlela izabelo zakho ezinokuthi ziguquke ngayo kwiiseshoni ezilandelayo kwimarike yemasheya.
Ukujolisa kumaxabiso akho
Ngayiphi na imeko, eyona njongo iphambili kwi-Enagás kukufikelela okanye ubuncinci amanqanaba ama-euro angama-30 ngesabelo ngasinye. Injongo enokufikelelwa kwiminyaka embalwa ngokulula. Azikho ezinye iinjongo ezibonakalayo kuba inkxaso kunye nokuchasana kwabo kuchazwe kakuhle kwaye ngokuqinisekileyo abanakubamba izinto ezinkulu kumdla wabatyali mali abancinci nabaphakathi. Logama besazi, itolika ukuvela kwexabiso kuhlalutyo lobuchwephesha. Kwelinye icala, ayinzima kakhulu ukwenza esona sigqibo siqinisekileyo ngalo lonke ixesha, oko kukuthi, emva kwayo yonke loo nto, yintoni ebandakanyekileyo kwezi meko.
Kufuneka kuqatshelwe ukuba eli xabiso lecandelo lezamandla alilunganga kakhulu ekuphuhliseni imisebenzi yorhwebo ngenxa yomahluko omncinci oqhele ukubakho phakathi kwamaxabiso aphezulu kunye neyona isezantsi. Phi ihlala ingadluli kwi-2% okanye i-3%. Ngale ndlela, ayiboneleli ngothuko olukhulu kulindelo lwabatyali mali abancinci nabaphakathi. Ukuba akunjalo, ngokuchaseneyo, banikezela ngokhuseleko ngakumbi kunolunye ukhuseleko kwaye bavumela ukwenza ukusebenza kwintengiso yesitokhwe kube bhetyebhetye. Le yenye yemiba ekufuneka uyithathele ingqalelo ukusukela ngoku ukuya phambili ukuba ufuna ukusebenza ngesiqinisekiso sempumelelo kwesi sicelo sesizwe sobulungisa.
Kwelinye icala, i-Enagás ikwindleko yezigqibo ezinokuthi zithathwe ngurhulumente olandelayo oza kwenziwa. Kuba asinakulibala ukuba bakwicandelo elilawulwa kakhulu kwaye le nto inokwenzakalisa iimfuno zenkampani kulungelelwaniso lwamaxabiso ayo kwintengiso. Okungakumbi kunokuba unokucinga kwasekuqaleni, njengoko abahlalutyi kwimarike yezabelo belumkisa. Ngokumangalisa ngokungaqhelekanga kwiminyaka embalwa ezayo kwaye oko kunokuchaphazela ixabiso layo kwimarike yemasheya. Ukuza kuthi ga kwinqanaba lokuba ingene kwixesha eliyingozi kakhulu kubatyali mali abathathe izikhundla kwixabiso kwiminyaka yakutshanje.
Iziphumo kunye notyalo-mali kwii-Enagás
Inkampani yegesi ifumene inzuzo emva kwerhafu (BDI) ye-2019 yezigidi ze-euro kwikota yokuqala ye-103,9. Eli nani limele i-0,2% ngaphezulu kunelo xesha linye lonyaka odlulileyo. Apho kuboniswa khona ukuba iziphumo ezibhalisiweyo kwikota yokuqala ye-2019 ngokuhambelana neenjongo ezimiselweyo unyaka uphela kwaye ubukhulu becala kubangelwa kukusebenza kakuhle kweenkampani ezityala imali, ezimalunga nama-25% e-BDI, kunye nolawulo olupheleleyo lwendleko zokusebenza nezemali.
Ngokubhekisele kutyalo-mali, eyona nto ibalulekileyo u-Enagás kwikota yokuqala yayikukuzimanya nabalingane beZakhiwo zaseBlackstone kunye neNgxowa-mali yoMbutho waseSingapore (GIC) yokufumana inxaxheba kwinkampani yaseMelika iTallgrass Energy. Lo msebenzi uqinisa isicwangciso sokukhula senkampani kunye uzinzo kwisahlulo kwixesha eliphakathi nelide.
Ukongeza, iprojekthi yeTrip Adriatic Pipeline (TAP), edibanisa iTurkey ne-Italiya ngeGrisi neAlbania, ine isidanga senkqubela phambili kulwakhiwo lwayo lwama-85,7%. I-Enagás inegalelo le-16% kwesi sixhobo siphambili sokhuseleko lokubonelela ngamandla eYurophu. Esi sesinye sezizathu zokuba inxenye elungileyo yabatyali mali abancinci nabaphakathi bajikise amehlo abo kule nkampani edityanisiweyo kwisalathiso esikhethiweyo sezabelo zamazwe, i-Ibex 35. Ngoxinzelelo oluvela kwizikhundla zokuthelekisa ngokubhekisele kubathengisi.
Imfuno yegesi
Iyonke imfuno yerhasi yendalo eSpain inyuke nge-2,4% kwikota yokuqala xa kuthelekiswa nexesha elifanayo kunyaka ophelileyo. Imfuno yemizi-mveliso, ethe yafikelela kwi-55% yemfuno iyonke yerhasi yendalo kwikota yokuqala iyaqhubeka nokuziphendukela kwayo okuhle kwaye ikhule nge-5% yamanqanaba. Ngale ndlela, kufanele kuqatshelwe ukuba ukuza kuthi ga ngoku kulo nyaka, imfuno yerhasi yendalo iyonke ikhula nge-3,9% kwaye ukwanda kwemfuno yecandelo lezemveliso kumanqanaba asondele kakhulu kwi-4,4%. Ngoxinzelelo oluvela kwizikhundla zokuthelekisa ngokubhekisele kubathengisi. Lo msebenzi uqinisa isicwangciso sokukhula senkampani kunye uzinzo kwisahlulo kwixesha eliphakathi nelide.