VIP (Vereinigung Institutionelle Privatanleger) eV

VIPsight - February 2015

(DGAP-Media / 19.02.2015 / 11:17)

VIPsight - February 2015

The German Mittelstand

The law safeguarding small shareholders is stifling crowdinvesting
Last November's legislation devised to protect small shareholders was a
high-wire act. It was supposed to extend the umbrella protecting investors
against the irregularities of the "grey capital market" but not, however,
deprive SMEs and smaller companies in general of the possibility of
obtaining funding. Bernhard Rohleder, chief of BITKOM, has expressed his
opinion on the new law. He believes that the government has fallen short in
the difficult task it set itself, and the procedures for start-ups to
obtain financing have to be made easier. Read more at vipsight.eu!

Buhlmann's Corner

Karl Marx and descendents

A belated 'chapeau!' to Karl Marx, and a capitalism that thrives in the
humus of state monopoly?

The year when the German taxpayer is having to foot the bill for the last
payments due for cooperation ventures in China, no prizes for guessing who
has elbowed Germany off the podium as the world champion in exports. As a
stock market flotation, Alibaba's was the biggest in history, just as its
company structure was one of the least transparent ever seen on the capital
market. In the process, founder Jack Ma saw his personal wealth rise - on
paper at least - by over 20 thousand million Dollars (or even Euros for all
the difference it makes). Read more at vipsight.eu!

Companies

Deutsche Bank is to repay 400 million Euros to customers

Citing a modification to German legal procedure, Deutsche Bank has
announced that a one-off charge has obliged the private client division,
presently undergoing computerization, to post a drop in 2014 fourth quarter
profits of 75% to 55 million Euros gross (compared to 218 million Euros in
2013). The citation refers to two judgments handed down last year by the
Federal Court (Bundesgerichtshof - BGH). The judges decided that clients
may demand repayment of management commission charges linked to consumer
loans that the banks had no right to charge. The ruling is retroactive and
is not only valid only for the last three years but from the end of 2004, a
ruling that came as a surprise to many experts. Read more at vipsight.eu!

People
On January 29, Domingo Unreña-Raso, former head of the Defence & Space
military aircraft division of the Airbus Group, tendered his resignation
after a series of problems regarding the A400. He will be take up another
position of responsibility within the Airbus group. In a note, the
aeronautic and aerospace group proclaimed his fellow Spaniard Fernando
Alonso as his successor.58-year-old Alonso is expected to take on his new
role on March 1, but in the interim Berhard Gerwert will stand in as
caretaker. Read more at vipsight.eu!

VIPsight Malta

Joseph Bonett: Malta Stock Exchange

At present the largest deal on the Malta Stock Exchange is underway. The
company which operates amongst others the Hotel hit recently in Tripoli,
Libya, Corinthia is proposing to take over the Maltese franchise hotels of
the Radisson brand. Both are at the lower end of the dividend paying
league. Some speculate that the large family shareholders of the Malta
Radisson brand want to ride along in the comfort of the much larger
Corinthia with the retail shareholders again and again having their
holdings % diluted. 75% of Radisson Malta is held by three members of one
family, one of whom might have signaled that he wanted out, which would
have sent waves. Radisson Malta is hosting the Heads of State of the
forthcoming ex-British empire, Commonwealth. Read more at vipsight.eu!


End of Media Release

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Issuer: VIP (Vereinigung Institutionelle Privatanleger) eV
Key word(s): Finance

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