Schlagwort-Archive: bank

Investment: The assetts of the thermal imaging camera producer, FLIR Inc., are shooting from 33,00€ to 41,00€.

Flir Systems Inc. designs, develops, manufactures, markets, and distributes thermal imaging systems, visible-light imaging systems, locator systems, measurement and diagnostic systems, and advanced threat detection systems. The products are used in industry, medical/life science, virtual and augmented reality, prosumer/entertainment, ITS/Traffic, security and surveillance, astrophotography, geo-informations-systems, people counting and tracking and case studies. The products apply to civil as to military use, are assembled in future technologies like the automatisation of vehicles and drones and can also be used by private persons with an application for the smart phones. Its automated pedestrian and animal detection alarms are very useful in cars today and will be very necessary in self driving cars.

The revenue of third quarter 2017 is up to 15% yty and the third quarter adjusted operating income is up to 14% yty.

Assetts are increasing since end of September 2017 from 33,00€ to 41,00€. At 03. of November, 8:35 o‘clock pm, the assetts are worth 40,10 increasing slightly.

With it‘s various usable cameras Flir has potential to find a big market to sell it‘s products. The assett could be a good investment.

http://www.flir.de

http://www.finanzen.net/

Intesa Sanpaolo merged with Banca Populare di Vicenca and Veneto Banca and 17 mio € state aid

Intesa Sanpaolo is Italy‘s 4th biggest Corporate and second biggest bank. It has with 3,900 branches the largest domestic network, 13% market share and 11.1 million clients. It‘s turnover is 49.9 bio $ with a profit of 4bio$. Intesa say that it has particular strength in the wealthiest areas of Italy: strong retail presence covering more than 70% of Italian household wealth. Intensa has branches and represantative offices on every continent.

This conglomerate merges with Banca Populare di Vicenca and Veneto Banca. It pays 1€ for both banks. And that‘s not all. The Italy Government will pay 5.2bio€ Intesa process the merging with the two banks, which have many bad loans they can‘t write off without bankruptcy, so the ECB. 3900 of the 10100 employees will loose their jobs. The 5.2bio€ contain 1.2bio€ to keep jobs Intesa would also cut. 1600 of the 960 affiliates will be closed. Further the Italy government will pay Intesa 12bio€ to write down the bad loans of the two banks into a bad bank. The loss will be devided into parts for the state, the shareholders and

Intesa was dealing hard with the government of Italy, who has no choice than to underwrite that deal. A bankruptcy would lead to social disorder with many protests the government fear. And the two banks would have needed 6.4bio€ imediately to stay alive. And there were no more investors for one of the two banks. Intesa merges with the profitable part of the banks. Bad loans will be written off to bad banks.

The parlament of the EU permits the government of Italy the excemption to process the resolution of Banca Populare di Vicenca and Veneto Banca with the law of Italy. This is possible because none of the banks was relevant to the economical system of Italy. Now the Italy parlament has 60 days to ratify that agreement.

But with this procedure the tax payer will pay 17bio€ for a bailout of two banks. And this the EU wants to avoid and created the SRB. The SRB was created only for system relevant banks. Other banks should file bankrupty, so the EU parlametarians thought. Italy is the fourth biggest economy in the EU. Many banks in Italy have bad loans, so the financial system is very instable now. Italy could trigger the next financial crisis in Europe and EU. So Germany thinks about to extend the SRB to the smaller Banks. This would prevent that states spare shareholders to pay for the losses.

Now the equity holders and the holders of subordinated bonds are supposed to take the first losses. But many of the subordinated or junior bonds are sold to households and individuals. This will be pollitically very difficult for the government. But to inject state funds to soften the impact on private persons will cost hunge amounts and will be against EU rules on states aid.

The Banca Popolare di Vicenza Group was ranked eleven among the Italian banks based on total assets, Veneto Banca is a local bank. The merging of the two banks without risks brings Intensa Sanpaolo a little closer to the leading Uni Credit Group.

Banks of South Europe get status to find new investors

Nordic banks, like the banks of Norway, Denmark and Finland were long seen as a possibility to invest money with attractive profits. Since the crisis in finance sector in 2008 the banks in Europe, the nordic banks excluded, were at risk and don‘t perform very good. But now the circumstances that made the nordic banks to a secure haven for investors changes. As the banks reststructuring and bad assetts were written off the status of the south European Banks become more interesting for investors.

One example is Santander Bank. Banco Santander take over the Banco Popular Espanol SA, and will start the digital bank Openbank, where the customers will be able to do any business swith the smartphone. Openbank will have no counterbusiness. Until now Santander has the highest density of branches of european banks. This could change and this will decrease the cost ratio. Santander has a cost ratio of 57 today, the average ratio of spanish banks is 61.

Santander acts globally. The profit spread is following:
Brasil 21%
Great Britain 20%
Spain 12%
Mexico 8%
Chile 6%
USA 5%
Portugal 5%
Argentine 4%
Poland 3%
oter countries 3%
Santander Consumer Finance, total 13% 

Santander has made an takeover agreement with Citigroup for the privat customer business in 2016. Santander will also improve the assett management.

The price-earnings-ratio is 12 and the forecast of Santander is 11 for 2018. The ratio of price to assett value is 0,9, means that the value of the company is higher than the assett value. Also the dividend is with 3.6% good. That means the assett value has good reason to increase and the investor a good reason to invest.

Santander is rated by Standard and Poor‘s and Fitch

Ratingagency

Long Term

Short Term

Outlook

Standard & Poor’s

BBB+

A-2

stabil

Fitch

A-

F2

stabil

Santander has 125 million customers and 20.9 mio digital customers. 

The cost-income-ratio is 48%. With the successful implementation of Openbank this ratio will decrease.

Santander is restructured and it‘s new strategy is succesful. The deposits increased from 12 biopound sterling to 65 bio pound sterling. The loyal customers increase about 420,000 customers since 2012 and the bank trim the credit costs 25%. And teh customers of Santander are contended with their bank. In 8 of the 9 core countries the bank is under the first three of the branche of business. The chart of Santander is risen from 3.50 € to 5.93€ yty.

Santander accepts responsibility in the countries ist make business and is engaged in social projekts. The bank is engaged in 1200 Universities, supports 35.000 students with studentships, give 250.000 small credits in latin america and supports 214 schools in Brasil.

Reasons Santander has the best rank in Dow Jones Sustainability Index.

So Santander is an interesting object for investors.

https://de.finance.yahoo.com/nachrichten/banco-santander-handy-statt-bankschalter-091354676.html
http://unternehmen.santander.de/de/investor_relations/aktuelles/aktuelles.htm

USA changed the data storage law

NSA Spy Program allowed the NSA of USA to observe data traffic of humans, companies and other institutions, NGO’s or GO’s. Target, so the USA, is to find terror suspects which are planning terror attacks. So, the USA said, it will be possible to prevent deadly attacks on the people, institutions and companies. To make this perfect USA installed a fleet of airplanes which observe the intercontinental internet traffic.

Now USA had failed to meet the deadline to extend the NSA Spy Programm which allows the USA to storage data of people indefinitely. Since today the storage of data by NSA is allowed only for the last 6 months. This is guilty only for US citizen. After the 6 months the NSA has to bring back the data to the internet provider, so the journalist at ARD, Germany.

But what does this mean for all the non US-citizen abroad? And how long will the US providers storage the data?

The results of the banking test of ECB

The ECB published the results of banking stress test. Most of the institutes passed the test with success.

Key results of comprehensive assessment of 130 largest euro area banks:

  • Capital shortfall of €25 billion detected at 25 participant banks
  • Banks’ asset values need to be adjusted by €48 billion, €37 billion of which did not generate capital shortfall
  • Shortfall of €25 billion and asset value adjustment of €37 billion implies overall impact of €62 billion on banks
  • Additional €136 billion found in non-performing exposures
  • Adverse stress scenario would deplete banks’ capital by €263 billion, reducing median CET1 ratio by 4 percentage points from 12.4% to 8.3%
  • Exercise delivers high level of transparency, consistency and equal treatment
  • Rigorous exercise is milestone for the Single Supervisory Mechanism starting in November
  • The AQR showed

    • that as of end-2013 the carrying values—or book values—of banks’ assets need to be adjusted by €48 billion.

    • that banks’ non-performing exposures increased by €136 billion to a total of €879 billion.

    • that a severe scenario would deplete the banks’ top-quality, loss-absorbing Common Equity Tier 1 (CET 1) capital—the measure of a bank’s financial strength—by about €263 billion. This would result in the banks’ median CET1 ratio decreasing by 4 percentage points from 12.4% to 8.3%. This reduction is higher than in previous similar exercises and is a measure of the rigorous nature of the exercise.

    You love to see the result of the banking test of your bank?

    See

    http://www.ecb.europa.eu/pub/pdf/other/aggregatereportonthecomprehensiveassessment201410.en.pdf

    at page 140 following pages

    or

    http://www.ecb.europa.eu/ssm/assessment/html/index.en.htm

    How to earn money with energy-supply

    The DAX decreased from 10.029.43 € in 08/2014 to 8987.80 on 24.10.2014

    MDAX, TecDAX, Euro Stoxx 50 are following the DAX-movements.

    Dow Jones inustrial averages, S&P 50, Nasdaq 100 and Nikkei 2250 are similiar in it’s movements but notedly over DAX and less volatile

    Hang Seng goes it’s own way, driven from chinese industry.

    ESTX UTILITY INDEX in 2014 shows also its own character. The index is the collection of the 600 assets with the highest market capitalization in the €-zone and shows more the situation in  the  €-zone. It also declined like the DAX the last days but not as volatile like the DAX itself. It decreased from 647 points in 2008 to 215 point in 2012 and increases in a more sidewards-movement to 275 points now.

    http://www.finanztreff.de/kurse_einzelkurs_uebersicht.htn?i=159230

    But the Dow Jones Utility Average Index turn up in 10/2014.

    But what is this Index?

    The Dow Jones Utilities Average is a price-weighted average of 15 utility companies that are listed on the New York Stock Exchange and are involved in the production of electrical energy. The average as it is known today began on January 2, 1929 with a base value of 50.

    Which are the 15 companies listed in that index?

    FirstEnergy Corp. is a public utility holding company.

    Exelon Corporation is a utility services holding company.

    American Electric Power Company, Inc.(AEP)is a public utility holding company.

    PG&E Corporation is a holding company that holds interests in energy based businesses.

    Public Service Enterprise Group Incorporated is a public utility holding company.

    Edison International, through its subsidiaries, develops, acquires, owns, and operates electric power generation facilities worldwide.

    NiSource Inc. is an energy holding company.

    The AES Corporation acquires, develops, owns, and operates generation plants and distribution businesses in several countries.

    American Water Works Co., Inc. provides drinking water, wastewater and other water-related services in multiple states and Ontario, Canada.

    Dominion Resources, Inc., a diversified utility holding company, generates, transmits, distributes, and sells electric energy in Virginia and northeastern North Carolina.

    CenterPoint Energy, Inc. is a public utility holding company.

    Duke Energy Corporation is an energy company located primarily in the Americas that owns an integrated network of energy assets.

    Consolidated Edison, Inc., through its subsidiaries, provides a variety of energy related products and services.

    NextEra Energy, Inc. provides sustainable energy generation and distribution services.

    The Southern Company is a public utility holding company.

    Also Alon USA Energy, Inc. Which refines and markets oil, operates pipelines, and operates convenience stores is on the watch list.

    So the Dow Jones Utility Average Index is a collection of US based, international operating energy companies. Also some water supply companies are in it. But why is this index decoupling from the world economy the last days?

    Solarenergy seemed to come back. Some solar project in USA are planned and in Germany some industrysectors planning producing their own electricity using solar panel.

    Japan and UK are planning subventions for solar. In USA the the government want to make investment and tax-write offs of solar plants be easier.

    http://www.wallstreet-online.de/nachricht/5109377-globaler-solarmarkt-2014-subventionen-ueberleben

    With the closing of ressources in the mining sector, the increasing prices for oil, coal, uranium and gas makes green technology more and more necessary to produce the needed electricity. But the efficiency of that form of producing electricity is much less efficient than producing it with fossile energy. In 2013 in Texas 8.7% of the installed production capacitiy was available for producing wind energy. The efficiency of gasplants was 81% – 89%, of coalplants was 84% – 86%. And between 2000 and 2015 the consumption of electricity in Texas increases by 15%. In 2014 the SWOC – the system wide offer cap – rose by 40% , from 5$ to 7$ per MWh amd will rise to 9$ by 2015. The demand by private consumer quadroupled in the hot summer of 2011. Such increase of prices are substantiated when supply is not keeping up with demand. As in the summer peak the planned wind energy lack because there was no wind to propel the generators of the wind park generators. So USA have to secure the energy supply with the flexible use of gas plants.

    http://www.window.state.tx.us/specialrpt/electricity/96-1767.pdf

    Also the fear of terror attacks at the public energy supply sector, a hacker attack on its computer system let the USA invest in this sector.

    So USA will have to do a lot to maintain and upgrade the infrastructure of it’s energy supply. And as demand will surmount the offer the prises and profitability of energy supply companies will be secured.

    But what is with the free energy projects, which produces energy without the dependence of fossile energy, wind, water and solar, like the trawöger pyramid?

    Here an indian example

    http://www.youtube.com/watch?v=yodY1jH5j-I

    or a russian one

    http://www.youtube.com/watch?v=z2uLBWqqzok.

    Look at the environment. Do you really think this machine – where no parts are in motion – is so magically that no industry – or other private person – can build it. I think not. No parts in motion means that there are no parts which has to be maintained for the reaseon that they move, lika a shaft.

    If it is true, that this indian machine could produce between 3,5 and 10kw/h KW/h and the russian one could produce 1KWh both machines are able to supply the private electricity consumption of an average household, placing one of this in one house each, including loading batteries of electrocars and electrobikes at night. Such free energy plants produce 100% every day without producing any CO².

    This machines could also being used for military reason in nearly every environment, would be transportable and autonom. No power lines would be needed. This plants could be placed in al crucial institutions. So why the governments don’t use them?