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Viceroy Research
Viceroy Research LLC is an international investigative financial research group registered in Delaware, United States. It was founded by a British short-seller Fraser John Perring together with Australian partners Aiden Lau and Gabriel Bernarde in 2016. Perring and Viceroy have stirred considerable media interested because of their reports on firms like Wirecard which they accused of nonexisting accounts. Of late, Viceroy has been known to bet against companies like Tesla, or Grenke. In 2021, the South African Financial Sector Conduct Authority The Financial Sector Conduct Authority (FSCA) is a financial institutions market conduct regulator and a successor agency to the Financial Services Board (South Africa) in South Africa South Africa, officially the Republic of South Africa ... (FSCA) has fined Viceroy R50 million for damaging remarks that the short-selling firm made about South Africa's Capitec Bank. In October 2021, it issued a damning report against Adler R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delaware
Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Delaware Bay, in turn named after Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia's first colonial governor. Delaware occupies the northeastern portion of the Delmarva Peninsula and some islands and territory within the Delaware River. It is the second-smallest and sixth-least populous state, but also the sixth-most densely populated. Delaware's largest city is Wilmington, while the state capital is Dover, the second-largest city in the state. The state is divided into three counties, having the lowest number of counties of any state; from north to south, they are New Castle County, Kent County, and Sussex County. While the southern two counties have historically been predominantly agricultural, New Castle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Short-seller
In finance, being short in an asset means investing in such a way that the investor will profit if the value of the asset falls. This is the opposite of a more conventional "long" position, where the investor will profit if the value of the asset rises. There are a number of ways of achieving a short position. The most fundamental method is "physical" selling short or short-selling, which involves borrowing assets (often securities such as shares or bonds) and selling them. The investor will later purchase the same number of the same type of securities in order to return them to the lender. If the price has fallen in the meantime, the investor will have made a profit equal to the difference. Conversely, if the price has risen then the investor will bear a loss. The short seller must usually pay a fee to borrow the securities (charged at a particular rate over time, similar to an interest payment), and reimburse the lender for any cash returns such as dividends that were due ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wirecard
Wirecard AG is an insolvent German payment processor and financial services provider whose former CEO, COO, two board members, and other executives have been arrested or otherwise implicated in criminal proceedings. In June 2020, the company announced that €1.9 billion in cash was missing. It owed €3.2 billion in debt. The company is being dismantled after it sold the assets of its main business unit to Santander Bank for €100 million in November 2020. Other assets, including its North American, UK and Brazilian units had been previously sold at nondisclosed prices. The company offered electronic payment transaction services and risk management, and issued and processed physical and virtual cards. As of 2017, the company was listed on the Frankfurt Stock Exchange, and was a part of the DAX stock index from September 2018 to August 2020. The company is at the center of an international financial scandal. Allegations of accounting malpractices had trailed the company s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tesla, Inc
Tesla, Inc. ( or ) is an American multinational automotive and clean energy company headquartered in Austin, Texas. Tesla designs and manufactures electric vehicles (electric cars and electric truck, trucks), battery energy storage from home to Grid-scale storage, grid-scale, solar panels and Solar roof shingles, solar roof tiles, and related products and services. Tesla is one of the list of public corporations by market capitalization, world's most valuable companies and remains the world's most valuable automaker with a market capitalization of more than US$550 billion. In 2021, the company had the most worldwide sales of battery electric vehicles and plug-in electric vehicles, capturing 21% of the battery-electric (purely electric) market and 14% of the plug-in market (which includes plug-in hybrids). Through its subsidiary Tesla Energy, the company develops and is a major installer of photovoltaic systems in the United States. Tesla Energy is also one of the lar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grenke
Grenke AG is a German manufacturer-independent leasing company which is specialized in office communication-products, including printers, copiers, telephone systems, servers and laptop computers. Besides its leasing-activities, Grenke makes a notable portion of its revenue with factoring services. By acquiring the German private bank Hesse Newman in 2009, the company obtained a banking license. The most important markets for the company are Germany, France and Italy. History The company was founded by Wolfgang Grenke in 1978. Internationalization was driven forward, especially since the 2000s. Since June 2019, Grenke is included in the MDAX index on the Frankfurt Stock Exchange. In early 2009, the company acquired a banking license through the purchase of the former private bank Hesse Newman, which was then renamed Grenke Bank. On May 3, 2016, the general meeting of Grenkeleasing AG decided to change its name to Grenke AG. This step was justified by the increasing importance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Sector Conduct Authority (South Africa)
The Financial Sector Conduct Authority (FSCA) is a financial institutions market conduct regulator and a successor agency to the Financial Services Board (South Africa) in South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring count .... References Financial regulation in South Africa 2018 establishments in South Africa Organisations based in Pretoria {{SouthAfrica-gov-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitec
Capitec Bank is a South African retail bank. As of August 2017 the bank was the second largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts per month. Overview The bank maintains 850 retail branches nationwide, 3418 own or partnership ATMs and has over 6.2 million customers, according to the 2015 Chief Financial Officer's Report. Of these customers, 309 000 are online banking customers and 3.5 million are mobile banking customers. According to the annual results for the 2015 financial year, the asset base of Capitec Bank was in excess of R53.9 billion, with R11.6 billion in equity, and with retail savings deposits increasing by 32 percent for the year to R19.3 billion and retail fixed savings increasing by 19 percent to R10.7 billion for the year. Earnings and headline earnings for the 2015 financial year amounted to R2.547 billion compared to R2.017 billion in 2014, and net transaction fee income amounted to R2.6 bill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adler Real Estate
ADLER Real Estate AG (formerly Adlerwerke, formerly H. Kleyer AG) is a listed real estate company in Germany, formerly based in Luxembourg. The main activities are the purchase and management of residential real estate all over Germany. The company owned about 52.000 residential units in 2020. In 2021, investors called for a significant reduction in leverage. The former Wirecard-hunter, the British short seller Fraser Perring, allegations against the company, which include an allegedly inflated balance sheet. The company denied the allegations. ADLER Real Estate sold a fifth of its housing stock in 2021. 15,350 apartments and 186 commercial units worth EUR 1.485 billion were sold to competitor LEG Immobilien. Adler Group presented its balance sheet in 2022 at the last minute before the deadline. Operating profit increased in 2021, but Adler Group has a loss of almost 1.2 billion euros due to depreciation. Property and tenants Adler Real Estate specializes in the purchase and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Short Selling
In finance, being short in an asset means investing in such a way that the investor will profit if the value of the asset falls. This is the opposite of a more conventional " long" position, where the investor will profit if the value of the asset rises. There are a number of ways of achieving a short position. The most fundamental method is "physical" selling short or short-selling, which involves borrowing assets (often securities such as shares or bonds) and selling them. The investor will later purchase the same number of the same type of securities in order to return them to the lender. If the price has fallen in the meantime, the investor will have made a profit equal to the difference. Conversely, if the price has risen then the investor will bear a loss. The short seller must usually pay a fee to borrow the securities (charged at a particular rate over time, similar to an interest payment), and reimburse the lender for any cash returns such as dividends that were d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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