19.11.2024
MicroStrategy buys Bitcoin for USD 4.6 billion + Another billion-dollar loss at Thyssenkrupp + Delvery Hero with details of Talabat IPO
No listed company holds more Bitcoin than MicroStrategy
$MSTR (+8.98%). Now Michael Saylor's company strikes again and buys 51,780 BTC. The BTC $BTC (-2.89%) price is moving towards an all-time high and MicroStrategy continues to buy more Bitcoin. The average price for the latest accumulation is 88,627 US dollars per Bitcoin. The money for the purchases comes from recent capital increases. On average, the BTC purchased by MicroStrategy now cost 49,874 US dollars.
The industrial group Thyssenkrupp $TKA (-1.72%) once again recorded a billion euro loss in the past financial year. The bottom line for 2023/24 (as at the end of September) was a loss of 1.4 billion euros, following a loss of 2 billion euros in the previous year, as the company announced in Essen on Tuesday. Thyssenkrupp wrote down around one billion euros on the weakening steel business. There were further write-downs in steel trading and the automotive business. Falling demand and lower steel prices led to a drop in sales of seven percent to 35 billion euros. Incoming orders fell by eleven percent to 32.8 billion euros. In addition to weak business in the steel and trading divisions, the automotive business also recorded declines. Only the marine division was able to grow. Adjusted earnings before interest and taxes (EBIT) fell by almost a fifth to 567 million euros. The company thus achieved its recently lowered forecast.
Delivery Hero $DHER (+3.05%) has announced details of the planned IPO of Talabat. The price range for Talabar shares has been set at 1.50 to 1.60 dirhams. Approximately 3.5 billion shares will be offered to investors during the subscription period, which will begin on November 19, 2024 and is scheduled to end on November 28, 2024. Depending on the final offer price, the gross proceeds will be between 5.2 and 5.6 billion dirhams, or approximately 1.4 to 1.5 billion dollars. Delivery Hero lost 4 percent - shareholders may have hoped for a somewhat more ambitious valuation.
Tuesday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
ENI USD 0.54
Quarterly figures / company dates USA / Asia
14:00 Walmart quarterly figures
20:00 Qualcomm Capital Markets Day
Quarterly figures / company dates Europe
07:00 Thyssenkrupp | Springer Nature Quarterly figures
07:30 SFC Energy quarterly figures
08:00 Imperial Brands | Medtronic quarterly figures
08:30 Nestle Capital Markets Day
10:00 Sto SE Quarterly Figures | Thyssenkrupp BI-PK
11:00 Swiss Re: Global Economic and Insurance Market Outlook 2025/26
12:00 Thyssenkrupp Analyst Conference
No time specified:
- Delivery Hero: Subsidiary Talabat - Publication of price range for the new shares to be issued as part of the IPO
- Rheinmetall: Capital Markets Day, Rome
Economic data
- 08:00 DE: Manufacturing order backlog and reach September | Hospitality sales October
- 11:00 EU: Consumer Prices October Eurozone FORECAST: +0.3%gg FM/+2.0% yoy PREVIEW: +0.3%gg FM/+2.0% yoy PREVIEW: -0.1%gg FM/+1.7% yoy Core (excluding energy, food, alcohol, tobacco) FORECAST: +0.2%gg FM/+2.7% yoy PREVIEW: +0.2%gg FM/+2.7% yoy PREVIEW: +0.1%gg FM/+2.7% yoy
- 14:30 US: Housing starts/permits October housing starts FORECAST: -1.0% yoy previous: -0.5% yoy Building Permits FORECAST: +0.8% yoy previous: -2.9% yoy
- 18:00 BR: Chancellor Scholz, statement at the end of the G20 summit in Rio de Janeiro
