News From The DAX
Thanks to strong gains the next value of the DAX has once again cracked the mark of 7,000 points. The market was supported also by the surprising rise in consumer confidence in the U.S. But investors remain cautious.
Stockbrokers spoke of a rather lackluster trading. In fact, sales remained well below the volume of the past week. The Dax succeed but also in the evening to overcome the psychological barrier of 7,000 points. The leading index closed almost 0.6 per cent (41 points) higher in 7009. Thus, the stock market barometer has increased this week by 0.8 percent. In the course of this day, the Dax was always just slipped below the 7,000 mark.
Slight gains are also on the U.S. exchanges. At the close of trading in Germany, the Dow Jones index is 25 points higher at 11,394 points. The unexpected increase recorded by the University of Michigan and Reuters U.S. consumer confidence could not help the markets a boost. Here, the December index rose to 74.2 points, according to preliminary calculations from 71.6 points in the previous month, and thus to its highest level since June. Economists had expected an average of 72.5 points.
Cars in great demand
In Frankfurt, the papers of the car manufacturers BMW, Daimler and Volkswagen in the favor of the investors were at the top. Daimler is now on the highest level in two and a half years. Speculation about a weaker car market in China had impacted the tracks in recent days and led investors to take profits.
VW said that it will sell this year for the first time more than seven million vehicles around the globe. Volkswagen’s profiting is above average from the global upswing in the major car markets. By the end of November, VW has sold 6.59 million vehicles. This was an increase of 12.7 percent compared with the previous year. In November, sales rose in the global car market therefore to 10.3 percent in VW to 16.2 percent.
Beiersdorf scared away investors
By far the biggest loser on the Dax, were the shares of Beiersdorf. The Hamburg-based consumer goods group plans to invest heavily in the next few years in the reorganization, thus, bringing its profit margins under pressure. Sauer, investors respond primarily to the reduced forecast. The Group’s own claims to expect to incur expenses in 2012 of around 270 million euros. The margin on earnings before interest and taxes by the full year amount to only about 9 percent, not 11 percent as anticipated. Group sales should rise by 2 to 3 percent, also slightly less than expected last.
Cement manufacturers under pressure
The share of HeidelbergCement loses in the head more than four percent, may be up to the close of the market but it will limit its losses to 1.7 percent. In addition to profit-taking provides a method of the European Commission for uncertainty. The Authority determined on suspicion of price fixing in the cement industry. Besides HeidelbergCement seven cement manufacturers are concerned. In November 2008 the first studies were conducted in this matter. HeidelbergCement expects to be able to refute the suspicion. Even the building materials must be Dyckerhoff springs. The company must make an investment in the U.S. because of depreciation, which reduce the profit after tax by about 48 million euros. The preference shares of majority-controlled by the Italian company Buzzi Unicem pays to anyway.
The German stock exchange operator must write to his suffering from low trading volumes of U.S. subsidiary, International Securities Exchange (ISE), an options exchange, 450 million €. As a result, this year’s net profit by 220 million euros will be reduced. Already last year, the Group had written off 400 million euros on the ISE. Nevertheless, the German stock exchange will pay an unchanged from the prior year dividend of 2.10 €. The shares of Eschborn company on the rise.
ThyssenKrupp has big U.S. plans
The steel company has built five billion dollars for a new steel plant in Alabama. “Our goal is market share in the USA of over five percent,” chief executive Ekkehard Schulz said at the opening. In the steel sector would ThyssenKrupp in the United States, Canada and Mexico to expand its market share from the current 15 percent. The stock is still the biggest losers in the Dax. In addition, Macquarie has cut ThyssenKrupp to “neutral” and given the price target to 31.50 euros.
Hapag-owners want to get out at IPO
In an initial public offering of Hapag-Lloyd would like to find sources said the longtime parent Tui other owners to part with their shares. The two banks MM Warburg and HSH Nordbank might sell their shares as part of a placement also said several people familiar with the plans of Reuters. Sources said the logistics entrepreneur Klaus-Michael Kuehne wants to during the placement to increase its share and keep something under 25 percent of Hapag. Next to him is still another anchor investor is found who is willing to take about ten percent of the shares.
Hochtief completes capital increase
The emirate of Qatar is the new shareholders of the German construction group Hochtief, which defends itself against a takeover by the Spanish attackers ACS. The capital increase had taken with the high-low the emirate as a major new shareholder on board, had been registered at the District Court of Essen, said Hochtief with the evening. Qatar now holds 9.1 percent of the share capital of Hochtief. ACS had previously submitted on December 1st a bid for Hochtief that is supposed to run until the 29th of December.
TecDAX Morphosys to top
The undisputed leader in the TecDAX, are the shares of Morphosys. The biotechnology company has raised its forecast for the current fiscal year and now expects annual operating earnings of up to 16 million €. Sales are expected to reach 94 million euros. Morphosys attributes the improved prognosis with the acquisition of Sloning Biotechnology in October. He wants this year to distribute a special dividend. In addition to giving regular dividend of 0.22 euros it for shareholders a special dividend of 0.33 euros per share, the company said in yesterday with after market close. Reason is the excellent business.
The SDAX-listed textile company Tom Tailor can always score more. The fashion company set last month, 15 percent more than last year. Here we have the average market growth of just five per cent again “clearly exceeded”. Shareholders welcomed the message with a sharp price increase.
Real-estate Company Patrizia Begins Acquisitions
The real estate company Patrizia breaks new ground and buy the first time since the company was added in 1984. Taken over the LB Immo Invest GmbH, a subsidiary of the crisis-ridden HSH Nordbank, like Patrick said. Board member Klaus Schmitt indicated that lay the price between 30 and 40 million €, and are settled in cash. At the same time, the company is aiming for this year a profit before interest and tax of twelve to 13 million €. The shares are up slightly.
As part of a new share repurchase program will buy back United Internet up to four million shares (approximately 1.67 percent of share capital) on the exchange. Based on the current market price of 11.60 euros would have to spend for a good 46 United Internet million euros. The company has already 20 million shares, about 8.3 percent of the capital.11