Since Corona, some life has come back to the House of DAX.
Well, Wirecard CEO Braun has been a red flag to many investors and so Dax company (till July 20?) and the auditors of EY Ernst & Young surprised the market by reporting that 1.9 billion euros in escrow accounts could not be properly verified.
After all, that is 1/4 of Wirecard's balance sheet.
Since the balance sheet is unlikely to be ready by mid-July, investors should take care that loans worth EUR 2 billion could be cancelled (another 1/4 of bs).
This means that the current discount of 50% is ok and down movement could even be just the beginning if no liquidity can be secured by then.
However, if the loans are extended, the situation could become calmer again.
But who knows with what surprises CEO Braun will be back around the corner by then
Nothing for cowards.
Well, Wirecard CEO Braun has been a red flag to many investors and so Dax company (till July 20?) and the auditors of EY Ernst & Young surprised the market by reporting that 1.9 billion euros in escrow accounts could not be properly verified.
After all, that is 1/4 of Wirecard's balance sheet.
Since the balance sheet is unlikely to be ready by mid-July, investors should take care that loans worth EUR 2 billion could be cancelled (another 1/4 of bs).
This means that the current discount of 50% is ok and down movement could even be just the beginning if no liquidity can be secured by then.
However, if the loans are extended, the situation could become calmer again.
But who knows with what surprises CEO Braun will be back around the corner by then
Nothing for cowards.
Comment:
t.me/stefan_bode_analysen
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
www.fondslounge.de
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
www.fondslounge.de
