VIP (Vereinigung Institutionelle Privatanleger) eV
VIP (Vereinigung Institutionelle Privatanleger) eV: VIPsight – February 2015
VIPsight – February 2015 The German Mittelstand The law safeguarding small shareholders is stifling crowdinvesting 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 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 Issuer: VIP (Vereinigung Institutionelle Privatanleger) eV Key word(s): Finance 2015-02-19 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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