Since Corona,
some life has come back to the House of DAX.
Well, Wirecard CEO Braun has been a red flag to many investors for a long time and so the DAX-listed (till July?) company or 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 then be cancelled (another 1/4 of bs).
This means that the current discount of 50% is ok.
However, if the loans are extended, the situation could become calmer again.
But who knows what surprises CEO Braun will come up with again.
Nothing for cowards.
some life has come back to the House of DAX.
Well, Wirecard CEO Braun has been a red flag to many investors for a long time and so the DAX-listed (till July?) company or 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 then be cancelled (another 1/4 of bs).
This means that the current discount of 50% is ok.
However, if the loans are extended, the situation could become calmer again.
But who knows what surprises CEO Braun will come up with again.
Nothing for cowards.
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
