BaFin

Supply chain radar: Don’t moan about Hapag-Lloyd – blame absent BaFin

As you probably know, Premium hasn’t been forgiving as far as German regulator BaFin’s inaction is concerned (our previous coverage is here), particularly with regard to its, erm, “management” of rapid movements in the shares of Hapag-Lloyd.
Yet right ahead of Xmas the Financial Times did much better than us, duly reporting on BaFin’s multiple deficiencies elsewhere (the much-advertised Wirecard fraud) as the German carrier – gotta love the coincidence, narrative here – …

The post Supply chain...

https://theloadstar.com/supply-chain-radar-dont-moan-about-hapag-lloyd-blame-absent-bafin/

Analysis: Shamelessly lucky Friday the 13th for Hapag-Lloyd

It takes about three minutes to get away with a fair assessment of Hapag-Lloyd’s nine-month results (9M ’20), which were released today – and that’s regardless of the preliminary guidance update from mid-October.
In his prepared remarks, Hapag-Lloyd (HLAG) CEO Rolf Habben Jansen today – the full interim report, 60 pages, is here – said that:
“We have achieved a good result and strictly managed our costs while (…) benefiting from improved market conditions in the …

The post Analysis: Shamelessly...

https://theloadstar.com/analysis-shamelessly-lucky-friday-the-13th-for-hapag-lloyd/

Supply chain radar: Hapag-Lloyd only half way through its epic plunge?

Transparency, what a great thing that is.
Look at you, darling
First off, I deeply apologise if you are bored to death with the latest Hapag-Lloyd coverage – we have talked about the German carrier extensively (more here and here) already in the past couple of weeks.
Fair enough.
Yet, notably, the stock dropped below €70 on Tuesday, down almost 63% since peak on 15 May– we hadn’t been there since early April.
Down €20.65bn in …

The post Supply chain radar: Hapag-Lloyd only half way through its...

https://theloadstar.com/supply-chain-radar-hapag-lloyd-only-half-way-through-its-epic-plunge/

M&A radar: Hapag-Lloyd – Nothing to see here?

There are many forms of manipulation in the capital markets, either self-induced or not. And, in some cases, it can end up being a partial oversight on the regulators’ part, particularly when certain situations are protracted in time.
The watchdog seldom boasts even a fraction of the resources that smart money has, let alone the creativity.
So here is a short but timely rant covering all these aspects, which drove me to …

The post M&A radar: Hapag-Lloyd – Nothing to see here? appeared first on Th...

https://theloadstar.com/ma-radar-hapag-lloyd-nothing-to-see-here/

M&A radar: German regulator stirs as Hapag sheds €17bn in a fortnight

You probably remember the nice little chart below posted by Alphaliner last week, where the research house pointed out that Germany’s Hapag-Lloyd was worth as much as several of the world’s ocean container shipping companies combined.
Throw it away.
Oh dear
As I told somebody on the day that chart was published, Hapag had already lost about €6bn of value.
Believe it or not, its stock – at one point earlier this month trading …

The post M&A radar: German regulator stirs as Hapag sheds €17bn in a...

https://theloadstar.com/ma-radar-german-regulator-stirs-as-hapag-sheds-e17bn-in-a-fortnight/