Q1-rapport
67 dagar sedan‧42min
0,15 USD/aktie
Senaste utdelning
0,81 %
Direktavk.
Orderdjup
Antal
Köp
10
Sälj
Antal
10
Senaste avslut
| Tid | Pris | Antal | Köpare | Säljare |
|---|---|---|---|---|
| - | - | - | - |
Högst
75,32VWAP
Lägst
74OmsättningAntal
6,8 176 915
VWAP
Högst
75,32Lägst
74OmsättningAntal
6,8 176 915
Mäklarstatistik
Ingen data hittades
Företagshändelser
| Nästa händelse | |
|---|---|
Kalender är inte tillgänglig | |
| Tidigare händelser | ||
|---|---|---|
| 2025 Q1-rapport | 8 maj | |
| 2024 Årsrapport | 28 feb. | |
| 2024 Q4-rapport | 27 feb. | |
| 2024 Årsstämma | 3 dec. 2024 | |
| 2024 Q3-rapport | 7 nov. 2024 |
Data hämtas från Morningstar, Quartr
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för 2 tim sedan·Det här har legat och hängt på länge...nu när kursen till och med har saktat ner lite. Men å andra sidan 🆙️🆙️🆙️hoppas i alla fall jag det 🫡
15 juni 2023·snittkurs 6,87 och klättring.15 juni 2023·Raportin lopusta jäi tämä pois: Inledande information: Efter omfattande efterforskningar har vi tagit en kort position i aktier i Tecnoglass, Inc. Den här rapporten representerar vår åsikt och vi uppmuntrar alla läsare att göra sin egen due diligence. Se vår fullständiga ansvarsfriskrivning längst ner i rapporten.
31 jan. 2022 · Ändrad31 jan. 2022 · Ändradhttps://hindenburgresearch.com/tecnoglass/ Tecnoglass: Cocaine Cartel Connections, Undisclosed Family Deals, And Accounting Irregularities All In One Nasdaq SPAC (NASDAQ:TGLS)Tecnoglass is a Colombia-based producer of glass for residential and commercial buildings founded in 1984 by two brothers, Jose Daes and Christian Daes, who currently both serve as directors and CEO & COO, respectively. The stock has surged ~390% this year on record results fueled by a pandemic real estate boom in Florida, the company’s key market. Recently, U.S. census data shows that new residential building permits have peaked, signaling a fundamental headwind going forward. Our months-long investigation has included review of US and Colombian court records, securities filings, corporate registrations, property records, export records and media reports going back decades. We have identified serious red flags regarding management and numerous undisclosed related party transactions that call the company’s reported financial results into question. In 1996, U.S. criminal prosecutors filed charges against Jose and Christian Daes, the current CEO & COO of Tecnoglass, alleging the two served as “managers and operators” of the Cali cartel, helping smuggle weapons and more than 200 tons of cocaine, and laundered money. Warrants were issued for CEO Jose Daes’ arrest and he was declared a fugitive. In 1999, Tecnoglass’ current CEO Jose Daes was imprisoned in Colombia over separate allegations of illicit enrichment after prosecutors found checks paid to a Tecnoglass subsidiary by front companies controlled by the head of the Cali cartel. The charges against the two were later dismissed or disposed of in a mostly sealed court docket, leading to local media speculation that the sealing may have been to protect those who cooperated in the prosecution of other defendants. In 2004, Tecnoglass’ current CEO Jose Daes was shot in the head and neck during a botched assassination attempt, later attributed to a right-wing paramilitary warlord who believed Daes was taking too many corrupt contracts from the local mayor. Following the crackdown on the Cali cartel, family members of individuals responsible for laundering money for a successor cocaine trafficking cartel known for its death squad appear as key early shareholders in Tecnoglass and the Daes’ related manufacturing business. They remained shareholders as recently as 2020. Around 2012-2013, Tecnoglass’ CEO & COO came under scrutiny by Colombian regulators over allegations they set up 359 corporate shell entities as part of a scheme to rig local Chamber of Commerce Elections. Authorities later ruled that Tecnoglass’ corporate structure was opaque and fined the Daes brothers. In December 2013, Tecnoglass went public via a SPAC, cycling through 3 auditors within roughly a 1-year span. Auditors specifically flagged material weaknesses relating to identification and reconciliation of related party transactions. Tecnoglass’ largest customer from 2013-2016, a company called GM&P, accounted for 26% of sales in 2016 alone. The CFO of the ‘independent’ customer is a cousin of Tecnoglass’ CEO & COO, per public records. We found no disclosure of the familial relationship. A subsidiary of this supposedly independent customer was managed by the nephews of the CEO & COO of Tecnoglass via an entity based out of Tecnoglass’ address. The nephews were, and still are, both senior employees of Tecnoglass. The customer, GM&P, was later acquired by Tecnoglass in 2017, along with a 60% stake in the subsidiary. No mention was made of any of the familial or related party links in Tecnoglass’ filings. Tecnoglass still hasn’t disclosed who owns the other 40% of the subsidiary entity. Export records show Tecnoglass’ shipments to the subsidiary entity have exploded in 2021 to $76 million compared to ~$1.5 million in 2020. From 2016-2018, export records show Tecnoglass exported product to what appears to be another shell entity called “Window Design And Installation LLC”. The supposed glass/construction entity had no obvious signs of operations, is managed by the nephews of Tecnoglass’ CEO & COO, and is based out of a residence owned by the CEO & COO’s sister. 2015-2021: Export records show that Tecnoglass exported product to yet another supposedly independent customer called “Glass Studio Group LLC”, which also has undisclosed related party links to the CEO & COO’s nephews. In 2019, Tecnoglass acquired a 70% stake in entity “ES Metals” from the CEO & COO’s children, with no disclosure of the relationship. Evidence shows the stake was acquired through an entity originally formed as part of the alleged Chamber of Commerce election rigging scandal. Beyond signs of undisclosed related-party customers, we found parallel issues with capital expenditures. The Daes brothers own a related party construction company that has played a significant and under-disclosed role in the construction of the company’s numerous facilities and expansions in Colombia, representing at least $24 million in building contracts. Given the above, we strongly suspect Tecnoglass has faked a significant portion of its revenue. The company has consistently had a difficult time collecting revenue, with its Days Sales Outstanding (DSO) nearly 2x peers. All told, we have no faith in the company’s financials given management’s background and the irregularities we have uncovered.
Kommentarerna ovan kommer från användare på Nordnets sociala nätverk Shareville och har varken redigerats eller på förhand granskats av Nordnet. Det innebär inte att Nordnet tillhandahåller investeringsrådgivning eller investeringsrekommendationer. Nordnet påtar sig inget ansvar för kommentarerna eller eventuella felaktigheter i automatiska översättningar.
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Q1-rapport
67 dagar sedan‧42min
0,15 USD/aktie
Senaste utdelning
0,81 %
Direktavk.
Nyheter & Analyser
Det finns för närvarande inga nyheter
Nyheter och/eller generella investeringsrekommendationer alternativt utdrag därav på denna sida och relaterade länkar är framtagna och tillhandahålls av den leverantör som anges. Nordnet har inte medverkat till framtagandet, granskar inte och har inte gjort några ändringar i materialet. Läs mer om investeringsrekommendationer.
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- för 2 tim sedan·Det här har legat och hängt på länge...nu när kursen till och med har saktat ner lite. Men å andra sidan 🆙️🆙️🆙️hoppas i alla fall jag det 🫡
- 15 juni 2023·snittkurs 6,87 och klättring.15 juni 2023·Raportin lopusta jäi tämä pois: Inledande information: Efter omfattande efterforskningar har vi tagit en kort position i aktier i Tecnoglass, Inc. Den här rapporten representerar vår åsikt och vi uppmuntrar alla läsare att göra sin egen due diligence. Se vår fullständiga ansvarsfriskrivning längst ner i rapporten.
- 31 jan. 2022 · Ändrad31 jan. 2022 · Ändradhttps://hindenburgresearch.com/tecnoglass/ Tecnoglass: Cocaine Cartel Connections, Undisclosed Family Deals, And Accounting Irregularities All In One Nasdaq SPAC (NASDAQ:TGLS)Tecnoglass is a Colombia-based producer of glass for residential and commercial buildings founded in 1984 by two brothers, Jose Daes and Christian Daes, who currently both serve as directors and CEO & COO, respectively. The stock has surged ~390% this year on record results fueled by a pandemic real estate boom in Florida, the company’s key market. Recently, U.S. census data shows that new residential building permits have peaked, signaling a fundamental headwind going forward. Our months-long investigation has included review of US and Colombian court records, securities filings, corporate registrations, property records, export records and media reports going back decades. We have identified serious red flags regarding management and numerous undisclosed related party transactions that call the company’s reported financial results into question. In 1996, U.S. criminal prosecutors filed charges against Jose and Christian Daes, the current CEO & COO of Tecnoglass, alleging the two served as “managers and operators” of the Cali cartel, helping smuggle weapons and more than 200 tons of cocaine, and laundered money. Warrants were issued for CEO Jose Daes’ arrest and he was declared a fugitive. In 1999, Tecnoglass’ current CEO Jose Daes was imprisoned in Colombia over separate allegations of illicit enrichment after prosecutors found checks paid to a Tecnoglass subsidiary by front companies controlled by the head of the Cali cartel. The charges against the two were later dismissed or disposed of in a mostly sealed court docket, leading to local media speculation that the sealing may have been to protect those who cooperated in the prosecution of other defendants. In 2004, Tecnoglass’ current CEO Jose Daes was shot in the head and neck during a botched assassination attempt, later attributed to a right-wing paramilitary warlord who believed Daes was taking too many corrupt contracts from the local mayor. Following the crackdown on the Cali cartel, family members of individuals responsible for laundering money for a successor cocaine trafficking cartel known for its death squad appear as key early shareholders in Tecnoglass and the Daes’ related manufacturing business. They remained shareholders as recently as 2020. Around 2012-2013, Tecnoglass’ CEO & COO came under scrutiny by Colombian regulators over allegations they set up 359 corporate shell entities as part of a scheme to rig local Chamber of Commerce Elections. Authorities later ruled that Tecnoglass’ corporate structure was opaque and fined the Daes brothers. In December 2013, Tecnoglass went public via a SPAC, cycling through 3 auditors within roughly a 1-year span. Auditors specifically flagged material weaknesses relating to identification and reconciliation of related party transactions. Tecnoglass’ largest customer from 2013-2016, a company called GM&P, accounted for 26% of sales in 2016 alone. The CFO of the ‘independent’ customer is a cousin of Tecnoglass’ CEO & COO, per public records. We found no disclosure of the familial relationship. A subsidiary of this supposedly independent customer was managed by the nephews of the CEO & COO of Tecnoglass via an entity based out of Tecnoglass’ address. The nephews were, and still are, both senior employees of Tecnoglass. The customer, GM&P, was later acquired by Tecnoglass in 2017, along with a 60% stake in the subsidiary. No mention was made of any of the familial or related party links in Tecnoglass’ filings. Tecnoglass still hasn’t disclosed who owns the other 40% of the subsidiary entity. Export records show Tecnoglass’ shipments to the subsidiary entity have exploded in 2021 to $76 million compared to ~$1.5 million in 2020. From 2016-2018, export records show Tecnoglass exported product to what appears to be another shell entity called “Window Design And Installation LLC”. The supposed glass/construction entity had no obvious signs of operations, is managed by the nephews of Tecnoglass’ CEO & COO, and is based out of a residence owned by the CEO & COO’s sister. 2015-2021: Export records show that Tecnoglass exported product to yet another supposedly independent customer called “Glass Studio Group LLC”, which also has undisclosed related party links to the CEO & COO’s nephews. In 2019, Tecnoglass acquired a 70% stake in entity “ES Metals” from the CEO & COO’s children, with no disclosure of the relationship. Evidence shows the stake was acquired through an entity originally formed as part of the alleged Chamber of Commerce election rigging scandal. Beyond signs of undisclosed related-party customers, we found parallel issues with capital expenditures. The Daes brothers own a related party construction company that has played a significant and under-disclosed role in the construction of the company’s numerous facilities and expansions in Colombia, representing at least $24 million in building contracts. Given the above, we strongly suspect Tecnoglass has faked a significant portion of its revenue. The company has consistently had a difficult time collecting revenue, with its Days Sales Outstanding (DSO) nearly 2x peers. All told, we have no faith in the company’s financials given management’s background and the irregularities we have uncovered.
Kommentarerna ovan kommer från användare på Nordnets sociala nätverk Shareville och har varken redigerats eller på förhand granskats av Nordnet. Det innebär inte att Nordnet tillhandahåller investeringsrådgivning eller investeringsrekommendationer. Nordnet påtar sig inget ansvar för kommentarerna eller eventuella felaktigheter i automatiska översättningar.
Orderdjup
Antal
Köp
10
Sälj
Antal
10
Senaste avslut
| Tid | Pris | Antal | Köpare | Säljare |
|---|---|---|---|---|
| - | - | - | - |
Högst
75,32VWAP
Lägst
74OmsättningAntal
6,8 176 915
VWAP
Högst
75,32Lägst
74OmsättningAntal
6,8 176 915
Mäklarstatistik
Ingen data hittades
Kunder har även besökt
Företagshändelser
| Nästa händelse | |
|---|---|
Kalender är inte tillgänglig | |
| Tidigare händelser | ||
|---|---|---|
| 2025 Q1-rapport | 8 maj | |
| 2024 Årsrapport | 28 feb. | |
| 2024 Q4-rapport | 27 feb. | |
| 2024 Årsstämma | 3 dec. 2024 | |
| 2024 Q3-rapport | 7 nov. 2024 |
Data hämtas från Morningstar, Quartr
Q1-rapport
67 dagar sedan‧42min
Nyheter & Analyser
Det finns för närvarande inga nyheter
Nyheter och/eller generella investeringsrekommendationer alternativt utdrag därav på denna sida och relaterade länkar är framtagna och tillhandahålls av den leverantör som anges. Nordnet har inte medverkat till framtagandet, granskar inte och har inte gjort några ändringar i materialet. Läs mer om investeringsrekommendationer.
Företagshändelser
| Nästa händelse | |
|---|---|
Kalender är inte tillgänglig | |
| Tidigare händelser | ||
|---|---|---|
| 2025 Q1-rapport | 8 maj | |
| 2024 Årsrapport | 28 feb. | |
| 2024 Q4-rapport | 27 feb. | |
| 2024 Årsstämma | 3 dec. 2024 | |
| 2024 Q3-rapport | 7 nov. 2024 |
Data hämtas från Morningstar, Quartr
0,15 USD/aktie
Senaste utdelning
0,81 %
Direktavk.
Shareville
Delta i diskussionerna på SharevilleFå inspiration från tusentals portföljer och diskutera med andra duktiga investerare.
Logga in
- för 2 tim sedan·Det här har legat och hängt på länge...nu när kursen till och med har saktat ner lite. Men å andra sidan 🆙️🆙️🆙️hoppas i alla fall jag det 🫡
- 15 juni 2023·snittkurs 6,87 och klättring.15 juni 2023·Raportin lopusta jäi tämä pois: Inledande information: Efter omfattande efterforskningar har vi tagit en kort position i aktier i Tecnoglass, Inc. Den här rapporten representerar vår åsikt och vi uppmuntrar alla läsare att göra sin egen due diligence. Se vår fullständiga ansvarsfriskrivning längst ner i rapporten.
- 31 jan. 2022 · Ändrad31 jan. 2022 · Ändradhttps://hindenburgresearch.com/tecnoglass/ Tecnoglass: Cocaine Cartel Connections, Undisclosed Family Deals, And Accounting Irregularities All In One Nasdaq SPAC (NASDAQ:TGLS)Tecnoglass is a Colombia-based producer of glass for residential and commercial buildings founded in 1984 by two brothers, Jose Daes and Christian Daes, who currently both serve as directors and CEO & COO, respectively. The stock has surged ~390% this year on record results fueled by a pandemic real estate boom in Florida, the company’s key market. Recently, U.S. census data shows that new residential building permits have peaked, signaling a fundamental headwind going forward. Our months-long investigation has included review of US and Colombian court records, securities filings, corporate registrations, property records, export records and media reports going back decades. We have identified serious red flags regarding management and numerous undisclosed related party transactions that call the company’s reported financial results into question. In 1996, U.S. criminal prosecutors filed charges against Jose and Christian Daes, the current CEO & COO of Tecnoglass, alleging the two served as “managers and operators” of the Cali cartel, helping smuggle weapons and more than 200 tons of cocaine, and laundered money. Warrants were issued for CEO Jose Daes’ arrest and he was declared a fugitive. In 1999, Tecnoglass’ current CEO Jose Daes was imprisoned in Colombia over separate allegations of illicit enrichment after prosecutors found checks paid to a Tecnoglass subsidiary by front companies controlled by the head of the Cali cartel. The charges against the two were later dismissed or disposed of in a mostly sealed court docket, leading to local media speculation that the sealing may have been to protect those who cooperated in the prosecution of other defendants. In 2004, Tecnoglass’ current CEO Jose Daes was shot in the head and neck during a botched assassination attempt, later attributed to a right-wing paramilitary warlord who believed Daes was taking too many corrupt contracts from the local mayor. Following the crackdown on the Cali cartel, family members of individuals responsible for laundering money for a successor cocaine trafficking cartel known for its death squad appear as key early shareholders in Tecnoglass and the Daes’ related manufacturing business. They remained shareholders as recently as 2020. Around 2012-2013, Tecnoglass’ CEO & COO came under scrutiny by Colombian regulators over allegations they set up 359 corporate shell entities as part of a scheme to rig local Chamber of Commerce Elections. Authorities later ruled that Tecnoglass’ corporate structure was opaque and fined the Daes brothers. In December 2013, Tecnoglass went public via a SPAC, cycling through 3 auditors within roughly a 1-year span. Auditors specifically flagged material weaknesses relating to identification and reconciliation of related party transactions. Tecnoglass’ largest customer from 2013-2016, a company called GM&P, accounted for 26% of sales in 2016 alone. The CFO of the ‘independent’ customer is a cousin of Tecnoglass’ CEO & COO, per public records. We found no disclosure of the familial relationship. A subsidiary of this supposedly independent customer was managed by the nephews of the CEO & COO of Tecnoglass via an entity based out of Tecnoglass’ address. The nephews were, and still are, both senior employees of Tecnoglass. The customer, GM&P, was later acquired by Tecnoglass in 2017, along with a 60% stake in the subsidiary. No mention was made of any of the familial or related party links in Tecnoglass’ filings. Tecnoglass still hasn’t disclosed who owns the other 40% of the subsidiary entity. Export records show Tecnoglass’ shipments to the subsidiary entity have exploded in 2021 to $76 million compared to ~$1.5 million in 2020. From 2016-2018, export records show Tecnoglass exported product to what appears to be another shell entity called “Window Design And Installation LLC”. The supposed glass/construction entity had no obvious signs of operations, is managed by the nephews of Tecnoglass’ CEO & COO, and is based out of a residence owned by the CEO & COO’s sister. 2015-2021: Export records show that Tecnoglass exported product to yet another supposedly independent customer called “Glass Studio Group LLC”, which also has undisclosed related party links to the CEO & COO’s nephews. In 2019, Tecnoglass acquired a 70% stake in entity “ES Metals” from the CEO & COO’s children, with no disclosure of the relationship. Evidence shows the stake was acquired through an entity originally formed as part of the alleged Chamber of Commerce election rigging scandal. Beyond signs of undisclosed related-party customers, we found parallel issues with capital expenditures. The Daes brothers own a related party construction company that has played a significant and under-disclosed role in the construction of the company’s numerous facilities and expansions in Colombia, representing at least $24 million in building contracts. Given the above, we strongly suspect Tecnoglass has faked a significant portion of its revenue. The company has consistently had a difficult time collecting revenue, with its Days Sales Outstanding (DSO) nearly 2x peers. All told, we have no faith in the company’s financials given management’s background and the irregularities we have uncovered.
Kommentarerna ovan kommer från användare på Nordnets sociala nätverk Shareville och har varken redigerats eller på förhand granskats av Nordnet. Det innebär inte att Nordnet tillhandahåller investeringsrådgivning eller investeringsrekommendationer. Nordnet påtar sig inget ansvar för kommentarerna eller eventuella felaktigheter i automatiska översättningar.
Orderdjup
Antal
Köp
10
Sälj
Antal
10
Senaste avslut
| Tid | Pris | Antal | Köpare | Säljare |
|---|---|---|---|---|
| - | - | - | - |
Högst
75,32VWAP
Lägst
74OmsättningAntal
6,8 176 915
VWAP
Högst
75,32Lägst
74OmsättningAntal
6,8 176 915
Mäklarstatistik
Ingen data hittades