August 9th, 2022 | 11:25 CEST
Invest where the money is: Deutsche Bank, Aspermont, Commerzbank
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At home in Southern Germany, the passionate stock exchange expert has been accompanying the capital markets for about twenty years. With a soft spot for smaller companies, he is constantly on the lookout for exciting investment stories.
Deutsche Bank and Commerzbank: Things are looking up, but problems remain
Both major German banks have recently presented figures. The financial institutions did not disappoint and even exceeded analysts' expectations. Only in terms of costs do Deutsche Bank and Commerzbank differ significantly. While the blue bank has increasingly reduced its cost targets in recent quarters, Commerzbank recently remained around 2% below analysts' expectations. As a result, the smaller Commerzbank also outperformed the market: with about 15.5% returns in one month compared with a price increase of around 9% for Deutsche Bank.
The fact that even Deutsche Bank is currently sniffing the high air is due to the interest rate turnaround. The rising key interest rates have ensured that Deutsche Bank is earning more again. Deutsche Bank's net interest income, i.e. the difference between interest income and interest expenses, recently climbed by a whopping 27% YOY. The increase was also well into double digits compared with the previous quarter. That means the banks have their bread-and-butter business back, and the expected interest rate hikes will likely increase the room for manoeuvre. At the same time, with inflation showing less momentum, the monetary guardians could succeed in averting a recession despite the interest rate turnaround.
Aspermont: Entry into the financing market as an opportunity
A continued favorable economic environment is a prerequisite for good business for banks - after all, they earn money from financing and acquisitions. In the medium term, Deutsche Bank and Commerzbank could therefore start to climb again, but the shares currently still have several technical hurdles to overcome. The situation is somewhat different for the Australian media company and new fintech, Aspermont: After months of trending sideways, the share has recently gained momentum. Beyond the EUR 0.016 mark, the stock could pick up speed again. Some investors will be surprised by the price and suspect a windy company behind Aspermont - after all, the price looks like a penny stock. But in Australia, such low quotations in the wake of high share figures are nothing unusual.
Aspermont is a digital media company that repositioned itself years ago. It offers webinars for training and other publications, in addition to being a publisher of renowned magazines around commodities and mining (MiningJournal, MiningMagazine and GeoDrilling International). With Blu Horseshoe, Aspermont has launched a platform to offer investors access to corporate actions of listed companies. This market has accounted for the clear majority of IPOs in Australia within the past three years.
New business areas benefit synergistically
Aspermont wants to take a slice of the financing pie with digital solutions and create benefits for both companies and investors. Capital increases, in particular, often appear intransparent and complicated to investors. Blu Horseshoe wants to start here and open up new investor potential for companies. Worldwide, this market is even much larger. An expansion of Aspermont could significantly increase the potential.
In times when banks are once again rising in favour with investors, investors should not disregard fintech. These companies are leaner and have fewer legacy issues. In the case of Aspermont, there is also the media business and many customer contacts, which could be beneficial for the new business of the Australians. For speculative investors, Aspermont is worth considering. The share price is slowly picking up speed.
Conflict of interest
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