Adler Action Forum

getquin Daily Summary 12.08.2022

Hello getquin,

the responsible auditor Ebner Stolz is under suspicion of not having fulfilled his duties during his activities in the Ader Real Estate case. In addition, the head of government Yoon pardons the former employee Jay Y. Lee, and Apple has the highest weighting in the S&P 500.

Europe🌍:

1st Supervision investigates auditor Ebner Stolz

According to the Handelsblatt, the responsible auditor oversight body (Apas for short) wants to have found verifiable indications that Ebner Stolz, the auditor of the ailing real estate group Adler Real Estate, may have breached its duties when performing its work for the real estate company.

Apas has subsequently initiated professional supervision proceedings against some of the auditors. The actions relate to possible breaches of the statutory requirements for auditors' duties.

Among the most important duties of an auditor are due care and a basic critical attitude toward the client, which includes a critical examination of the client's facts and attention to "circumstances that might indicate deception. Previous Apas cases against individuals have often been based on allegations of breaches of these duties.

Click here for Insights: https://bit.ly/3dsU7Ld

🟥 $ADL (🔽 -0,89%)

Asia🌏:

2nd South Korean Gov. Yoon pardons Samsung's Jay Y. Lee

South Korean President Yoon Suk-yeol on Friday pardoned Samsung Electronics Vice Chairman Jay Y. Lee, pardoned. The Justice Ministry said the business leader was needed to help overcome the "national economic crisis."

The pardon is largely symbolic, as Lee was already released on parole after serving 18 months for bribery in a scandal that led to massive protests and brought down then-President Park Geun-hye in 2017.

Read more here: https://reut.rs/3vZmyqx

🟩 $005930 (🔼 +1,38%)

Special:🎤

3. Apple with the highest weighting in the S&P 500

On Tuesday, the world's largest company by market value accounted for 7.3% of the S&P 500 Index at $2.7 trillion. According to S&P Dow Jones Indices, this is the highest weighting of any stock in the index, dating back to 1980.

Apple's weighting now exceeds that of all other top companies in the S&P 500 over the past four decades. That list includes IBM, Exxon Mobil XOM, General Electric and AT&T, each of which has benefited from a different period in U.S. economic history.

Interested in the topic: https://bit.ly/3SPTADs

🟩 $AAPL (+0,17 %) (🔼 +1,01%)

Stocks of the day:

🟩 TOP $RKLB (+19,9 %) 5,71€ (🔼 +9,83%)

➡️ Rocket Research

👍Quarterly results

🟥 FLOP $CERT (-2,37 %) 16,95 (🔽 -13,74%)

➡️ provider of biosimulation software and technology-enabled services.

🟩Most searched $DIS (+0,59 %) 117,74 € (🔼 +3,08%)

🟩 Most traded $BNGO 3,38 € (🔼 +7,35%)

🟩 S&P500, 4,238.74 (🔼 +0.75%)

🟩 DAX, 13,762.25 (🔼 +0.49%)

🟩 bitcoin ₿, 23,249.08 (🔼 +0.23%)

Time: 17:00 CEST

Fun Fact:

Did you know that the name "Macintosh" was inspired by an apple named "Mcintosh"?

***Breaking news: Adler does not receive audit opinion - share price collapses***.

The Adler Group real estate group has suffered a major setback in the ongoing dispute over its reporting system. According to its own statements, the auditor KPMG is not in a position to issue an audit opinion after the completion of the audit of the financial statements. KPMG has announced a so-called disclaimer of opinion for the 2021 consolidated and separate financial statements, Adler announced late Friday evening in Luxembourg. The share price of the real estate group slumped significantly on the trading platform Tradegate in an initial reaction.

🟥 Adler Group $ADL, 5,10€ (-34,44%)

Source: Handelsblatt: https://hbapp.handelsblatt.com/cmsid/27961168.html

Still possible short candidate.

PUA request expired today

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗦𝘆𝗻𝗴𝗲𝗻𝘁𝗮 𝗳𝗲𝗵𝗹𝘁 𝗱𝗲𝗿 𝗪𝗮𝗰𝗵𝘀𝘁𝘂𝗺𝘀𝗯𝗲𝘀𝗰𝗵𝗹𝗲𝘂𝗻𝗶𝗴𝗲𝗿 / 𝗔𝗱𝗹𝗲𝗿 𝘄𝗲𝗿𝗱𝗲𝗻 𝗻𝘂𝗻 𝗱𝗶𝗲 𝗙𝗲𝗱𝗲𝗿𝗻 𝗴𝗲𝗿𝘂𝗽𝗳𝘁 / 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗵𝗶𝗹𝗳𝘁 𝘀𝗼𝗴𝗮𝗿 𝗱𝗲𝗻 𝗧𝗶𝗲𝗿𝗲𝗻 𝗶𝗻 𝗘𝗹 𝗦𝗮𝗹𝘃𝗮𝗱𝗼𝗿

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Mobile TeleSystems ($MKY) trades ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today Industrivaerden ($IDVA (-3 %)) presents its figures.

𝗜𝗣𝗢𝘀 🔔

Syngenta - The Swiss agrochemical company, which belongs to state-owned ChemChina, has to suspend its planned IPO, which was expected to raise around $10 billion. The reason for this is that the company has not submitted the current financial figures when applying for listing. This was announced to the public by the Shanghai Stock Exchange this morning. Syngenta thus joins 56 other companies whose IPOs have been suspended for the time being by the Shanghai Stock Exchange for similar reasons.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Adler ($ADL) - The housing group Adler is struggling with further problems. After the shortattack by Fraser Perring, the company will now face an independent appraiser. The management had decided to hire independent external auditors to conduct a comprehensive review of the allegations.

Fraser Perring had published a 61-page report on the website of analyst firm Viceroy Research last Wednesday. He accused Adler of fraud, manipulation and deception of its backers. As a result, the stock plummeted 30%.

China - Chinese coal futures at record levels. Flooding occurred in Shanxi province over the weekend. The flooding forced 120,000 people to leave their homes and 60 mines to close.

Most of China's coal comes from this province, which, in addition to the flooding, is also dealing with a corruption scandal in the coal industry. In addition, mines are repeatedly closed to reduce air pollution, especially on national holidays. The government now provides "power rations" for industrial customers.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

El Salvador - The first state to ever invest in bitcoin ($BTC-EUR (-0,97 %)), now wants to use parts of the profits already generated from this investment to build a veterinary clinic in the capital San Salvador for $4 million. This was announced by the president Nayib Bukele via Twitter last Sunday. However, no Bitcoins will be sold to finance the construction; instead, the state wants to draw US dollars from its Bitcoin trust. Reactions to the announcement of this plan have been very mixed. Under the tweet, some residents discussed that it would be much more necessary to improve the existing medical infrastructures.