Puestos
126"The financial rescue of the ailing battery manufacturer Varta at the expense of the existing shareholders can go ahead.
...
"The existing Varta shareholders will go away empty-handed, their shares will become worthless. The shares will be removed from the share price "promptly", explained Varta."
I'm not invested, but I'm wondering why the shares only fell by around 50% today. Have I missed something or is the explanation simply that there were still a few idiots who bought anyway?
29.10.2024
Electric cars continue to bring Ford high losses + VARTA annual report further delayed + Ceconomy's day-to-day business slightly better than expected + SAP wants to significantly expand its partner network
Ford $F (-0,67 %) continues to write deep red figures in the electric car business. In the last quarter, the division posted an operating loss of a good 1.2 billion dollars. In contrast, Ford posted earnings before interest and taxes of 1.6 billion dollars for cars with combustion engines and a further 1.8 billion dollars for commercial vehicles. CFO John Lawler pointed out on Monday after the close of the US stock exchange that Ford would reduce the costs of its electric car division by one billion dollars this year. And when developing new electric models, the company is making sure that expenditure is on a par with the cheapest competitors. It is a tough market in which costs play a decisive role, he said on CNBC. Ford shares fell by more than five percent in after-hours trading. The Group is now only expecting adjusted earnings before interest and taxes of ten billion dollars for this year - after a range of ten to twelve billion had previously been given.
The Varta $VAR1 (-11,98 %) -annual report for 2023 continues to be delayed. The battery manufacturer, which is struggling to survive and is currently undergoing pre-insolvency restructuring proceedings, is now targeting the end of January 2025 as the publication date. The outstanding quarterly reports for 2024 are also to be presented then. This can be seen in the updated financial calendar on the Swabian company's investor relations website. A company spokesperson justifies the new delay with the financial restructuring in accordance with the German Corporate Stabilization and Restructuring Act (StaRUG). An auditor's certificate and thus a publication are only possible after the completion of this reorganization process. Varta had previously announced the publication for October 30. Information on the first quarter of 2024 should follow in November. (Börsen-Zeitung)
The MediaMarkt and Saturn parent company Ceconomy $CEC (-2,01 %) earned slightly more than expected in the past financial year. Based on preliminary figures, earnings before interest and taxes (EBIT) adjusted for special effects were in the upper half of the range of 290 to 310 million euros, the company, which is listed in the second-tier stock index SDax, announced in Düsseldorf on Tuesday. Excluding exchange rate fluctuations and portfolio effects, turnover in the 2023/2024 financial year (as at the end of September) climbed by 5.3 percent to around 22.4 billion euros. On average, analysts had expected slightly less for both key figures. Group CEO Karsten Wildberger is entering the first quarter of the new year "with confidence". In the medium term, he also sees his company on course to achieve its growth targets for the 2025/2026 financial year. According to previous statements, Ceconomy aims to earn more than 500 million euros in day-to-day business (ber EBIT) by then and at the same time grow slightly faster than the market.
The software group SAP $SAP (-1,87 %) wants to significantly expand its partner network. Business in the cloud brings with it a different sales approach and more new customers, "the only way to reach everyone is with partners," says the responsible "Chief Partner Officer" Karl Fahrbach to the FAZ. The business will also become more financially lucrative for partners. In a "revenue share model", they receive a larger share of the cake. Among other things, they would receive remuneration if customers extend their cloud contracts, and they could also share in revenues through innovations and industry-specific extensions to the largely standardized cloud software. (FAZ)
Tuesday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
ASML Holding USD 1.66
Alcoa 0.10 USD
Levi Strauss & Registered (A) USD 0.13
Quarterly figures / company dates USA / Asia
11:45 Pfizer quarterly figures
12:00 EU: ECB, allotment of a 3-month long-term tender
12:00 McDonald's Corp, 3Q results
12:15 Paypal Holdings Inc, 3Q results
21:05 Alphabet | Visa | Mondelez | Stryker quarterly figures
21:15 AMD quarterly figures
Untimed: First Solar | JetBlue | Snap Inc | Stanley Black & Decker | Electronic Arts | Corning Quarterly Results
Quarterly figures / Company dates Europe
05:00 HSBC quarterly figures
07:00 Deutsche Lufthansa | Hellofresh | Novartis | OMV | Covestro | Banco Santander quarterly figures | Ceconomy annual sales
07:30 Adidas | Drägerwerk quarterly figures
08:00 BP quarterly figures
08:30 Hellofresh Earnings-Call | Covestro Interview with CEO
10:00 Deutsche Lufthansa Analyst Conference
11:30 OMV Analyst Conference
13:00 Drägerwerk Investor Conference
14:00 Covestro Analyst Conference
15:00 Adidas Analyst Conference
18:00 ASM International quarterly figures
18:05 Saint-Gobain Turnover 9M
Economic data
10.10.2024
Ministry of Justice considers splitting up Google + Varta in rally mode due to contract with Porsche for lithium cells + Deutsche Telekom wants to pay out more money and buy back its own shares + Bayer very weak + Continental very firm
In August, an American federal court ruled that Google $GOOGL (-2,28 %) used illegal methods to maintain its monopoly in the online search sector. The consequences of the decision are now under discussion. The US Federal Department of Justice is continuing to discuss a split-up.
The recovery rally that began the previous day at Varta $VAR1 (-11,98 %) continued on Wednesday due to encouraging news. The share price had already risen by more than 29 percent on Tuesday and now there was a further jump of 79 percent on Wednesday. Most recently, the shares of the battery manufacturer, which had got into difficulties, cost 3.40 euros. Varta had announced the signing of a contract with the sports car manufacturer Porsche AG $P911 (+0,35 %) regarding an investment in the field of large-format lithium-ion cells. According to a statement on Wednesday, the company agreed with its customer Porsche on a majority stake in the Varta subsidiary V4Drive Battery GmbH. A capital increase is to be carried out at the subsidiary in order to implement the investment. Varta had already announced on Monday that key agreements had been concluded with financiers and investors, marking a further milestone in its restructuring concept. Short-term bridge financing was also announced on Monday.
The Deutsche Telekom $DTE (+0,67 %) intends to pay out a higher dividend to its shareholders for the current year than expected. The payout is to rise from 77 cents in the previous year to 90 cents per share, the DAX-listed company announced before an investor event in Bonn on Thursday. Analysts had expected slightly less on average. The dividend proposal still has to be confirmed at the Annual General Meeting. Deutsche Telekom also announced share buybacks of up to two billion euros for 2025. The Board of Management will then present its targets for the coming years on Thursday and Friday.
Bayer $BAYN (+1,43 %) fell by 6.8 percent following a decision by the Supreme Court in the US state of Washington to reopen a lawsuit concerning the long-term health effects of the chemical PCB. Bayer had received a favorable decision in the lower court as recently as May, when an appeals court overturned a first-instance decision due to errors. Compensatory and punitive damages totaling USD 185 million, which three teachers at a school in the greater Seattle area had won before a jury in 2021, were awarded.
Continental $CON (-0,36 %) on the other hand, gained 7.2 percent. The automotive supplier is likely to achieve the majority of the positive effects from outstanding price negotiations in the third quarter, as it told analysts. "The statements are being interpreted to mean that the third quarter went somewhat better than feared," said one market participant.
Thursday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
AT&T USD 0.28
Oracle 0.40 USD
Verizon Communications USD 0.68
Quarterly figures / company dates USA / Asia
Untimed: Tesla: Presentation of Tesla's Robotaxi announced
Quarterly figures / company dates Europe
07:00 Deutsche Telekom | Gerresheimer | Südzucker quarterly figures | Givaudan sales 9 months
07:30 About You result 1H
09:30 Mercedes-Benz sales figures 3Q | Deutsche Pfandbriefbank PK for Capital Markets Day
10:00 BMW sales figures 3Q
No time specified: Deutsche Telekom Capital Markets Day
Economic data
What do you think about the $VAR1 (-11,98 %) shares? Varta is insolvent but the shares always bounce from time to time. I would like to read your opinions.
19.09.2025
FED delivers as expected + Meta could face a heavy fine + Dispute over sale of DB Schenker + VARTA AG announces supplement to restructuring concept
Overall, the measure taken by the US Federal Reserve was in line with most expectations, as was the forecast that interest rates are likely to fall by a further 50 basis points this year. At the same time, Fed Chairman Jerome Powell largely succeeded in allaying concerns that the US economy could be in a worse state in view of the large step downwards in his accompanying statements. He said the economy is strong overall and the labor market has cooled from earlier overheating and reiterated that the Fed is fully focused on the goals of its dual mandate. As to why the Fed decided to cut more, he noted that it had waited longer than other central banks to cut rates and therefore still had room to maneuver. The rate cut signals the start of a 12 to 18-month easing cycle and shifts the focus from inflation to supporting the labor market, says Homin Lee, strategist at Lombard Odier.
The Facebook Group Meta $META (-1,11 %) could face a heavy fine in the European Union for market abuse in the advertising business. The EU Commission is complaining that Meta is linking its free Marketplace offering to its social network in order to undermine the business of its competitors, according to sources in the Financial Times. The Commission's decision could be announced in October. It would be one of the last investigations by outgoing Competition Commissioner Margrethe Vestager. The Commission declined to comment, as did Meta. (Financial Times)
CVC
$CVC is letting DB Schenker is not letting up. The financial investor is not prepared to accept that Deutsche Bahn will sell its freight forwarding subsidiary to the Danish logistics group DSV for more than 14 billion euros, as currently agreed in a preliminary contract. DSV
$DSV (-1,62 %) to the Danish logistics group DSV. In a letter dated September 17 to the investment bankers Tibor Kossa from Goldman Sachs and Jens Maurer from Morgan Stanley, who were commissioned by Deutsche Bahn to work on the billion-euro deal and which is available to Börsen-Zeitung, CVC Germany's CEO Alexander Dibelius signals that he is prepared to increase his 14 billion-euro offer for Schenker after it was defeated in the bidding process. (Börsen-Zeitung)
The VARTA AG $VAR1 (-11,98 %)
announces that it has today reached an agreement with almost all syndicated lenders as well as a company controlled by the current indirect majority shareholder of VARTA AG ("MT InvestCo") and Dr. Ing. h.c. F. Porsche AG ("Porsche") on an amendment to the commercial agreement on a restructuring concept published on August 17, 2024. The amended restructuring concept essentially corresponds structurally to the restructuring concept of August 17, 2024 and additionally contains an improved offer to the promissory note loan creditors to participate in a consensual restructuring of VARTA AG within the framework of the notified restructuring project under application of the German Corporate Stabilization and Restructuring Act (StaRUG). Overall, the existing debt burden of € 485m is now to be reduced by around € 255m to a total of around € 230m as part of a haircut.
Thursday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
Broadcom USD 0.53
Hewlett Packard Enterprise USD 0.13
Best Buy USD 0.94
Quarterly figures / company dates USA / Asia
22:00 Fedex quarterly figures
Quarterly figures / Company dates Europe
07:00 Wacker Chemie Capital Markets Day
08:00 Next half-year figures
10:00 Mister Spex Extraordinary General Meeting
Unspecified time: Juventus Football Club annual figures
Economic data
02.09.2024
STOXX-50 under review + USA without stock market trading today + German elections in Thuringia and Saxony, without surprise + VARTA in negotiations with creditors + Is the FED lowering more than expected? Soon we will have more clarity
German Post $DHL (+0,55 %) and BASF $BAS (+1,69 %) about to leave the Stoxx-50 - Kering to leave the Euro-Stoxx-50 The weakness of the German economy is now also reflected in the indices: in addition to Reckitt Benckiser, Deutsche Post and BASF will probably also have to leave the Stoxx-50 with effect from September 23. The shares of the British stock exchange operator LSE and the bank shares Intesa Sanpaolo and BBVA are likely to move up. Kering will probably have to make way for Engie shares in the Euro Stoxx 50. However, VW's survival in its class was also not entirely assured shortly before the end of the counting period.
25 or 50 basis points - more clarity after the labor market report
As the reporting season for the first half of the year has come to an end, impetus can now be expected primarily from the macro side. The highlights in the coming week will be the Federal Reserve's economic report on Wednesday and the major US labor market report for August on Friday. Following this, there will be more clarity as to whether the US Federal Reserve will cut key interest rates by 25 or 50 basis points at its next meeting on September 18.
The Swabian battery manufacturer Varta $VAR1 (-11,98 %) is still wrestling with some of its creditors over changes to its restructuring concept, according to insiders. Some of the promissory note creditors have demanded improvements in their favor, and the company has subsequently improved the concept twice, two people familiar with the negotiations told Reuters news agency on Friday. The ball is now in the creditors' court: they have until today to approve the proposal, said one of the insiders. Varta did not want to comment on this.
It ended August, which was weak in the meantime, with a plus of a good two percent. JPMorgan expert Greg Fuzesi considers the election results in the federal states of Thuringia and Saxony to be "difficult, but not dramatic". After all, it is close to the previous polls. The electoral success of the AfD in Thuringia and the second place in Saxony are a poor testimony to the federal traffic light system. The SPD, Greens and FDP's performance was correspondingly poor. However, according to Fuzesi, this is unlikely to have a direct impact on their federal policy. In addition, the AfD is likely to be excluded from forming a government because other parties are refusing to form coalitions
Monday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
/
Quarterly figures / Company dates USA / Asia
/
Quarterly figures / Company dates Europe
No time specified:
- Heidelberg Materials, SdK Investor Forum
- Rheinmetall, Bank of America Virtual Industrials Back to School Conference, New York
Stock market holiday USA and Canada
Economic data
The reason for this post is the current debate about $SMCI 😄. But it has nothing to do with the debate. I would just like to know how you keep up to date with the shares/companies you hold.
Basically, there is not always a need for action, whether good or bad news. Nevertheless, it is important to keep an overview in order to be able to react in good time if necessary (as in the case mentioned above). $VAR1 (-11,98 %) would be a similar case, for example.
So what tools do you use or can you recommend in order not to miss important news? Do you use the platforms' watch functions or Google Alerts on specific topics?
🧩 Investing with Integrity - Investieren mit Integrität🧩
I’m passionate about finding Halal investments that adhere to Islamic finance principles, avoiding sectors like alcohol, gambling, and interest-based banking, which are considered unethical. 🚫🍷🎲💵
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