Cobas AM: Nueva Gestora de Francisco García Paramés

Si la gestión de Cobas fuese bien no me parecería mal , pero como no es así y a la vista está  sus resultados  pues digamos que no me gusta nada de nada , por que  sería la demostración que nos está vendiendo su gestión cuando en realidad la puede estar haciendo otra persona  que no tenga su experiencia ... 
En base a sus resultados  dudo de todo ya 

No quiero decir que aquí vivamos de lujo, simplemente que aquí la deuda se la comen los corruptos que nos gobiernan y les dan las  migajas a los que son improductivos para que les sigan votando. Y Usa es otro mundo, en los 50 o 60 era también otra cosa, se ha ido degradando todo hasta un punto donde la desigualdad es colosal y ya mucha gente necesita varios empleos y 14 horas al día para ir tirando, al final, qué es vivir bien? qué es la felicidad? Pues ningún modelo es precisamente para estar contentos, ni éste ni aquél, las cosas no son blancas ni negras, hay muchos matices, en este caso tendríamos dos sistemas nefastos con mucha gente buena y competente sufriéndolo, buenas noches.

Comienza oficialmente la segunda ola bajista ?

Hoy tocaba madrugar un poco para aceitar el bazooka.

Vamos a ver cómo va el día. 

Los futuros del WTI otra vez bajando. Puede ser interesante lo que pase el día 19.

 https://es.investing.com/commodities/crude-oil 

Comunicado de Aryzta (mejor leerlo en el enlace, al hacer copy-paste queda poco leible):

https://ml-eu.globenewswire.com/Resource/Download/193aa2d3-604e-4c14-aca6-ea65bb57afb9

 - Consent received from lenders for a precautionary amendment of financial covenants - Liquidity in excess of €385m at 30 April up from €360m at 24 March - Decisive actions taken to maximise cash and reduce costs Amendment to Financial Covenants ARYZTA has received the requisite consent of the majority of its lenders for an amendment of its financial covenants. An agreement to formally implement the amendment is expected to be executed shortly. The amendment shall apply to the forthcoming two covenant tests relating to the annual Financial Statements as of the end of July 2020 and the interim Financial Statements as of the end of January 2021. The Net Debt: EBITDA Coverage Ratio shall be lower or equal to 6.0x and the Net Interest Coverage Ratio shall be greater than 1.5x, providing ARYZTA with increased headroom. Liquidity Update ARYZTA has improved its liquidity position, reflecting cash and cost actions taken and seasonal variations. The Group currently holds liquidity in excess of €385m at 30 April, up from €360m at 24 March 2020. Cash/Cost Management In light of the COVID-19 crisis, since mid-March the Group took immediate and decisive action to maximise cash and reduce costs. Actions are being kept under constant review and to date include: - Pausing production in bakeries: » three in Europe and five in North America as of April 30; - Temporarily closing further production lines within bakery plants; » thus actively reducing capacity in line with demand; - Furloughing c. 30% of headcount, including temporary staff; - Suspending future capital expenditure with the exception of maintenance and health & safety » savings versus plan in excess of €50m; - Postponement of future Project Renew programmes where further cash would be required; - Eliminating discretionary costs to the maximum extent possible; - Utilising government support actions across our regions, including: » Partial reimbursement of salary costs, social security and pension payment deferrals; » Payroll, corporation and other tax payment deferrals. In addition, a three-month 30% salary reduction for the Executive Management Committee, a 15% salary reduction for the wider Leadership Team and a 30% reduction in fees for the Board of Directors has been implemented since the beginning of April 2020. ARYZTA AG News Release 1 ARYZTA AG News Release 2020 Balance Sheet ARYZTA has no material debt maturities over the coming 16-month period (€17m due March 2021). The Group’s hybrids (Perpetual Callable Subordinated Instruments) have no contractual maturity date and are treated as equity under IFRS rules. As guided, the Group elected to defer dividend payments for the maturities in March and April and did not exercise its call option on any of the instruments in order to guarantee full financial flexibility. ARYZTA has no plans to pay hybrid dividends at this time. As previously stated, the hybrid instruments are excluded from the calculation of covenant Net Debt. Health & Safety A key priority of the ARYZTA Board and the Executive Management Committee continues to be the health and wellbeing of our colleagues, customers and suppliers during this challenging period. We are continuously monitoring the situation with our key stakeholders and are actively assessing the consequences of government responses to COVID-19 within the different channels. Our focus remains the highest quality and product safety standards across all bakeries in full compliance with reinforced COVID-19 protocols. Business Continuity ARYZTA has activated its full business continuity plans to maintain service levels and to meet our customers’ expectations. ARYZTA is fully committed to playing our part as an essential industry providing food at this difficult time. ARYZTA will report its third-quarter revenue update on 26 May 2020 

parece que por una vez hacen las cosas bien 

Esto es un claro aviso a navegantes

 

Berkshire Hathaway Inc vendió sus participaciones completas en las cuatro aerolíneas más grandes de Estados Unidos en abril, dijo el presidente Warren Buffett el sábado en la reunión anual de la compañía, diciendo que «el mundo ha cambiado» para la industria de la aviación.

El conglomerado había ocupado posiciones considerables en las aerolíneas, incluida una participación del 11% en Delta Air Lines, el 10% de American Airlines Co, el 10% de Southwest Airlines Co y el 9% de United Airlines a fines de 2019, según su informe anual. y presentaciones de la compañía.

El conglomerado era uno de los mayores titulares individuales de las cuatro aerolíneas y en 2016 reveló que había comenzado a invertir en las cuatro aerolíneas después de evitar el sector durante años.

Las acciones de las aerolíneas se han visto muy afectadas por el colapso cercano de la demanda de viajes de Estados Unidos en medio de la pandemia de coronavirus.