DB1.DE - Deutsche Borse AG
| Previous Close | 137.55 |
| Open | 136.90 |
| Bid | 136.55 x 3500 |
| Ask | 136.60 x 14200 |
| Day's Range | 135.95 - 137.25 |
| 52 Week Range | 102.40 - 145.95 |
| Volume | 549,377 |
| Avg. Volume | 735,381 |
| Market Cap | 24.927B |
| Beta (3Y Monthly) | 0.42 |
| PE Ratio (TTM) | 26.90 |
| EPS (TTM) | 5.07 |
| Earnings Date | Feb 13, 2018 - Feb 19, 2018 |
| Forward Dividend & Yield | 2.70 (1.96%) |
| Ex-Dividend Date | 2019-05-09 |
| 1y Target Est | 119.75 |
- Reuters
UPDATE 1-Swiss exchange operator SIX says offer for BME is fair for now
SIX Group's offer for Spanish bourse operator BME is "financially attractive" for BME shareholders, SIX's CEO said on Tuesday, without directly responding to questions on whether rival offers could lead the Swiss group to up its bid. Pan-European stock market operator Euronext and SIX entered a bidding way for BME on Monday, with both trying to snap up one of Europe's last standalone stock exchanges. "We will see what happens in the future," SIX CEO Jos Dijsselhof told a news conference in Madrid, when asked whether his company would raise its offer for BME, given the potential interest from other bidders.
- Bloomberg
War for Madrid Exchange to Widen as Deutsche Boerse Considers Bid
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The battle for the Madrid stock exchange could escalate into a three-way bidding war as Deutsche Boerse AG looks into whether it should enter the fray.The operator of the Frankfurt bourse is studying a potential offer for Bolsas y Mercados Espanoles SA, according to a person familiar with the matter. The process is at an early stage and Deutsche Boerse may still decide against such a move, said the person, asking not to be identified discussing internal deliberations.A spokesman for Deutsche Boerse declined to comment. News website La Informacion reported earlier on the German interest. BME shares climbed less than 1%, having leapt nearly 40% a day earlier when talks with two firms were announced.BME’s market value is now about 2.9 billion euros ($3.2 billion), above the 2.8 billion euros that SIX Group AG offered on Monday, when Euronext NV also revealed it was in takeover talks.Deutsche Boerse has made no secret of its desire for deals, saying last month that it had a war chest of $2.2 billion after abandoning its pursuit of Refinitiv’s foreign-exchange assets.However, some analysts were skeptical of the firm striking a deal for BME. The German group could create more value buying back shares than “investing in an exchange with declining revenues,” Christoph Blieffert, an analyst at Commerzbank AG said in a note. BME doesn’t fit with the German company’s strategy, he said.Exchanges globally are looking for deals to cut costs and gain access to lucrative data services. BME would also help Euronext extend a continent-wide footprint that already includes the Irish stock exchange and Oslo’s bourse.Euronext thinks it has an advantage since SIX’s home country of Switzerland has an uncertain regulatory relationship with the EU, and it will decide this week if it wants to match or beat the bid, a person familiar with the situation has said.BME described SIX’s offer as “amicable” and reflective of its value, and agreed to a break fee of 0.5% of the ultimate transaction price, currently equivalent to 14 million euros.(Adds analyst reaction in fifth paragraph, context in sixth.)\--With assistance from Nicholas Comfort.To contact the reporters on this story: Viren Vaghela in London at vvaghela1@bloomberg.net;Daniel Schaefer in Frankfurt at dschaefer36@bloomberg.netTo contact the editors responsible for this story: Ambereen Choudhury at achoudhury@bloomberg.net, Marion Dakers, James HertlingFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Thomson Reuters StreetEvents
Edited Transcript of DB1.DE earnings conference call or presentation 29-Oct-19 1:00pm GMT
Q3 2019 Deutsche Boerse AG Earnings Call
- Reuters
Deutsche Boerse third quarter net profit up 10%, confirms full year targets
German exchange operator Deutsche Boerse on Monday said it posted a 10% rise in third-quarter net profit thanks to increased trading in derivatives markets as well as power and gas markets and the company confirmed its targets for the full year. Consolidated net profit rose to 248.6 million euros ($275.90 million) from 225 million euros a year ago, the company said. The company is "confident of meeting our full-year targets and confirm our guidance of around 10 per cent adjusted net profit growth for 2019", said Gregor Pottmeyer, chief financial officer.
- Simply Wall St.
Interested In Deutsche Börse AG (ETR:DB1)? Here's What Its Recent Performance Looks Like
Today I will take a look at Deutsche Börse AG's (XTRA:DB1) most recent earnings update (30 June 2019) and compare...
- Reuters
Quiet start for Cboe's Brexit share trading hub in Amsterdam
Cboe Europe's new share trading hub, which launched in Amsterdam on Tuesday, has attracted light trading so far, giving nervous regulators and policymakers in Britain few clues on how much activity will eventually leave London after Brexit. Faced with the possibility of a no-deal Brexit or patchy UK access to the European Union's financial markets in future, London-based pan-European Cboe built a Dutch hub to ensure continuity for EU clients. Volume in Amsterdam has been tiny.
- Reuters
Banker tells German fraud trial he made millions from 'astronomical' trades
A British investment banker at the center of Germany's biggest fraud trial told judges on Thursday he earned millions of euros from deals involving "astronomical" trades that prosecutors say were a means to make bogus tax reclaims. Martin Shields, a former investment banker, said the trading, known as cum ex, thrived between 2005 and 2012, as investors from around the globe made multi-billion-euro trades on German companies. The trial where Shields is giving detailed evidence is the first in a wider investigation aimed at recovering billions from banks which prosecutors believe profited from the trades.
- Reuters
UPDATE 1-U.S. derivatives watchdog calls on EU for more trust
The European Union should provide clarity on when it will intervene in a foreign clearing house for derivatives to avoid potentially impeding cross-border co-ordination among supervisors, a senior U.S. regulator said on Thursday. Dawn Stump, a commissioner at the U.S. Commodity Futures Trading Commission, said the EU should put more trust in the home regulators of foreign clearing houses or central counterparties (CCPs) that serve customers from the bloc. "We must acknowledge that no single regulator is capable of overseeing markets in every corner of the world," Stump told a conference held by global derivatives industry body ISDA.
- Reuters
Banker tells German court of 'vast network' at center of fraud trial
A banker at the center of a trading scheme German prosecutors say resulted in hundreds of millions of euros of illegitimate tax rebates told a court the scheme had taken on an "industrial scale" involving a network of banks and other institutions. Martin Shields, a former investment banker, said that a web of banks, investors and brokers had organized the circular trades, making multiple tax reclaims and sharing the profit. "I am not before you to deny my involvement, but to explain it," Shields told the court in Bonn on Wednesday.
- Bloomberg
Hong Kong’s Stock Exchange Won’t Find Love in London
(Bloomberg Opinion) -- The audacious bid by Hong Kong’s stock exchange for its London rival is likely to fail – and that’s no bad thing.Hong Kong Exchanges & Clearing Ltd.’s unexpected $36.6 billion offer for London Stock Exchange Group Plc would create one of the world’s largest trading hubs. The cash-rich, equities-focused HKEX would gain an edge in fixed-income trading, but in a world where algos and bots handle much of the action, the bidder would do better to take a page from LSE’s playbook and look for bigger data sources. Hong Kong Exchanges calls its plan to create an Asian-European giant that’s open 18 hours a day a "vote of confidence in London and the United Kingdom’s future role as a global financial center” at a time that Brexit paralysis is clouding the outlook. The move also shows belief that, despite the recent protests, Hong Kong can still produce world-stage firms.The more than 300-year-old London exchange has a lot going for it, including fixed-income heft and the FTSE Russell portfolio of index benchmarks used by institutional investors. The offer values LSE shares at 8,361 pence (about $103), around 42 times 2019 earnings, according to Citigroup Inc. analysts, much higher than the London bourse’s historical average price-earnings multiple of 22 times. But Hong Kong Exchanges’ offer would scupper LSE’s own bid for data provider Refinitiv, a deal that LSE shareholders like as shown by its soaring share price. They, and politics, may stand in HKEX’s way. U.K. regulators will have a tough time accepting the takeover of a British institution by a Hong Kong company. Given the impact to global financial markets and the popularity among exchange-traded funds of the FTSE Russell indexes, U.S. regulators may also weigh in. HKEX Chief Executive Charles Li can argue that his firm is already a global company, having acquired the London Metal Exchange in 2012, but it remains a foundation stone of Hong Kong. The city’s government owns just 5.9% but appoints the majority of the directors. Exchange mergers are sensitive propositions anywhere. The LSE has been a frequent target and was in the sights of Germany’s Deutsche Boerse AG three years ago until Brussels blocked the deal. In the Asia-Pacific region, Singapore Exchange Ltd.’s 2011 bid for ASX Ltd. was rejected by Australian regulators on national-interest concerns.There are also questions over HKEX’s deal-making prowess. HKEX acquired the LME, the world’s biggest venue for trading base metals like aluminum, at the top of the commodities cycle. It promised LME members that it would have a warehouse in China from which to access the country’s massive metals market. Seven years later and it doesn’t, as Chinese authorities seek to protect homegrown commodities entities, including the Shanghai Futures Exchange and the Dalian Commodities Exchange.There is no doubt that HKEX needs to diversify. Volumes on the exchange have slumped and it has fallen off its perch as the world’s top IPO venue last year.Stock exchange businesses reliant on volatile volumes are increasingly passe in a world of computerized trading. With little overlap with LSE, Hong Kong Exchanges can’t count on simply cutting costs. The key to growth for exchanges is in the data that fixed-income, currency, and equities traders need and the analytical tools that deliver it to them. That’s why LSE has pursued Refinitiv. HKEX has depended on a strategy of being the gateway to China through its stock and bond trading links. The value of that role is diminishing as the country opens direct access to markets, removing quotas Tuesday on purchases by global funds. Wanting to go beyond Hong Kong to create a global powerhouse is understandable. Doing so with another market grappling with its own political crisis and uncertain future post-Brexit is less so. Li likened the Hong Kong exchange’s unsolicited takeover of LSE to a “corporate Romeo and Juliet.”He missed the point on how that story ended.To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Simply Wall St.
Should You Be Tempted To Sell Deutsche Börse AG (ETR:DB1) Because Of Its P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...
