Close menu




June 23rd, 2021 | 12:21 CEST

Commerzbank, wallstreet:online, Volkswagen - What is the German stock market doing?

  • Investments
Photo credits: pixabay.com

Last Friday, there was the so-called witches' Sabbath, and the DAX fell by over 300 points, but by Monday, the buyers returned. All signs point to economic recovery, also in the USA. The FED has announced that it does not intend to raise interest rates before 2023, despite inflation significantly higher than Germany. The European Central Bank has not yet announced anything about raising interest rates. They are trying to keep the economy going, and Mr. Draghi had tried to fan inflation for a long time but failed at the time. The ECB would undoubtedly like to see inflation of 2-3% over a more extended period, and that makes investing in stocks or other tangible assets still attractive.

time to read: 3 minutes | Author: Armin Schulz
ISIN: DE000CBK1001 , DE000A2GS609 , DE0007664039

Table of contents:


    Commerzbank - Undervalued according to KBV

    The ruling of the Federal Supreme Court on the issue of account fees was a setback for Commerzbank. Provisions in the mid-double-digit million range have to be formed even though the Company is still in the restructuring phase. The figures of the first quarter were good at Commerzbank, now a damper followed.

    Despite these costs, which will be booked in Q2, the Deputy CEO is sticking to the forecast for 2021. That this is possible can be attributed to the investment in the US start-up Marqeta. After the IPO, the Company will be valued at USD 16 billion and so the shares in Marqeta will be valued significantly higher. As a result, it will be possible to offset the losses from the remittance of the account management fees.

    The restructuring is progressing. The Company would benefit highly from interest rate increases and could be a potential takeover candidate. Currently, the share has a price-to-book ratio (P/B) of 0.3, which means that more than 3 times the current share price could be distributed to shareholders if the entire Commerzbank were sold. Comparable bank stocks are at 0.75 KBV. Therefore, one should wait for the current setback if one wants to get in.

    wallstreet:online - Insider buying

    On June 11, wallstreet:online presented its audited financials for 2020. Revenues more than doubled from EUR 12.3 million to EUR 28.2 million. Revenue drivers were online brokerage and the portals' standard business, which increased its reach by around 42%. As a result, Smartbroker was able to acquire over 80,000 customers by the end of 2020. In 2021, the group's growth is expected to increase by another 70% to EUR 45-50M.

    Smartbroker assumes a vital role in the long term, as it has already gained more than 50,000 additional customers. Younger investors, in particular, are using the Internet and trading via the so-called neobrokers. The dovetailing of financial portals and smart brokers will help to attract more and more investors. On the one hand, there is the information and the exchange with other users on the portals, and at the same time, one can trade via Smartbroker and at favorable transaction costs.

    The interest of the investors is enormous, as one could see on June 15. No sooner had a cash capital increase of EUR 19.1 million with an accelerated placement procedure been announced than the shares were placed on the same day. There are further signs that wallstreet:online is going uphill. Last Friday, the Company reported insider purchases by founder, major shareholder and supervisory board member Andre Kolbinger worth over EUR 406,000 and supervisory board member Seidel who invested EUR 50,000. Monday, it was announced that the supervisory board members Kolbinger and Seidel and board member Nicklaus participated in the cash capital increase with over EUR 2.4 million. The management believes in the Company. The share is currently a buy, as you can even get in cheaper than the boards.

    Volkswagen - Wants to be number one in electric cars

    Volkswagen (VW), like pretty much every automaker, is currently beset by the chip shortage. However, the chief buyer believes that the bottom has been reached and there will be a slow improvement in the third quarter. Nevertheless, 10% of the required chips will be missing in the longer term. Therefore, the group reaffirmed the forecast with a margin of 5.5 - 7% for the year. Currently, a production shortfall of more than 800,000 cars is assumed.

    The group is committed to electric mobility. Audi announced last week that it would no longer manufacture internal combustion vehicles from 2026, and the subsidy for the purchase of e-cars has been extended until 2025. Currently, every third new e-vehicle in Germany is delivered by the VW Group. The group is planning a battery factory to become more independent. There have even been rumors that they are looking for mines to cover important raw material areas themselves.

    There are also already collaborations in the 3D printing sector to access the technology when it is ready for the market. At the same time, Tesla's lead in operating systems is to be reduced. To do this, the Company plans to acquire IT companies and hire IT staff. The Company is pushing ahead with the transformation process. It will undoubtedly overtake Tesla in the medium term since production capacity is the big bottleneck at Tesla, and VW can produce completely different quantities.

    The share has been trending sideways since mid-March, which is certainly also due to the chip shortage. If this problem is solved, VW is well-positioned. Currently, the preferred share offers about a 2% dividend yield.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.


    Der Autor

    Armin Schulz

    Born in Mönchengladbach, he studied business administration in the Netherlands. In the course of his studies he came into contact with the stock exchange for the first time. He has more than 25 years of experience in stock market business.

    About the author



    Related comments:

    Commented by André Will-Laudien on November 20th, 2023 | 07:10 CET

    Furious debt mania, a thorough portfolio check is necessary! Allianz, Blackrock Silver, Deutsche Bank and Commerzbank in focus!

    • Mining
    • Silver
    • Gold
    • Investments
    • Banking
    • Debt

    From one high to the next - it is not just equities that are booming in Europe, the US and China; it is mainly debt. First Corona, then Ukraine, now Israel - there is no end to the flood of borrowing. Armaments are now being financed on credit, while the accompanying recession is draining the coffers. Real estate is becoming a hot topic: New builds are hardly affordable for families, and old buildings are swallowing up thousands of euros in green-tinted renovation costs. The Federal Constitutional Court has now put a retroactive stop to the creative spending culture in Berlin, and a new budget plan is necessary. Keeping a clear head as an investor in this environment is challenging. We look at the opportunities in the financial sector, but perhaps precious metals will also be the anchor that saves the day.

    Read

    Commented by Stefan Feulner on November 14th, 2023 | 07:00 CET

    Business against climate change is booming - Allianz SE, Klimat X, Nio

    • insurance
    • Investments
    • Sustainability
    • renewableenergies

    Climate change is increasingly threatening our lives, with few areas worldwide considered safe. Sea levels are rising, and polar ice is melting. Many regions are experiencing severe storms and increased rainfall, while others face growing risks of heatwaves and droughts. Since the Paris Climate Agreement at the latest, countries have been stepping up their efforts to limit global warming to 1.5 degrees Celsius. This has created a market that experts predict will increase eightfold by the end of the decade.

    Read

    Commented by Armin Schulz on November 8th, 2023 | 07:30 CET

    Deutsche Bank, Globex Mining, Barrick Gold - Enthusiasm for gold is back

    • Mining
    • Gold
    • Investments
    • Vanadium

    Despite several interest rate hikes, the price of gold has recently risen to over USD 2,000 again. Even though the latest increase coincided with the attack on Israel, this is unlikely to be the reason for it. Instead, the high demand from central banks is responsible for the steady gold price. Within the first 9 months, the central banks bought a whopping 800 tons of gold. That is a new record. The geopolitical tensions could also turn more and more private individuals into so-called gold bugs, who are making provisions for crises and assuming that gold will continue to rise in the long term. As the Fed has paused interest rates, this could give the gold price a further boost.

    Read