Kvartalsrapport (Q2)
18 dager siden‧37min
0,15 USD/aksje
Siste utbytte
0,82 %
Direkteavkastning
Ordredybde
Antall
Kjøp
12
Selg
Antall
1
Siste handler
| Tid | Pris | Antall | Kjøpere | Selger |
|---|---|---|---|---|
| - | - | - | - |
Høy
73,07VWAP
Lav
72,14OmsetningAntall
21,3 452 156
VWAP
Høy
73,07Lav
72,14OmsetningAntall
21,3 452 156
Meglerstatistikk
Fant ingen data
Selskapshendelser
| Kommende | |
|---|---|
Selskapskalender ikke tilgjengelig | |
| Historisk | ||
|---|---|---|
| 2025 Kvartalsrapport (Q2) | 7. aug. | |
| 2025 Kvartalsrapport (Q1) | 8. mai | |
| 2024 Årsrapport | 28. feb. | |
| 2024 Kvartalsrapport (Q4) | 27. feb. | |
| 2024 Generalforsamling | 3. des. 2024 |
Data hentes fra Morningstar, Quartr
Kunder besøkte også
Shareville
Bli med i samtalen på SharevilleEt fellesskap av investorer som deler innsikt og kunnskap i sine porteføljer.
Logg inn
14. juli14. juliPitkään tätä on väijytty...nyt mukaan kun kurssi edes vähän niiannut. Sitten taas 🆙️🆙️🆙️ainakin toivon mukaan 🫡
15. juni 202315. juni 2023keskikurssi 6,87 ja kiipee.15. juni 202315. juni 2023Raportin lopusta jäi tämä pois: Initial Disclosure: After extensive research, we have taken a short position in shares of Tecnoglass, Inc. This report represents our opinion, and we encourage every reader to do their own due diligence. Please see our full disclaimer at the bottom of the report.
31. jan. 2022 · Endret31. jan. 2022 · Endrethttps://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.
Kommentarene ovenfor kommer fra brukere på Nordnets sosiale nettverk Shareville og er verken redigert eller forhåndsvist av Nordnet. De innebærer ikke at Nordnet gir investeringsråd eller investeringsanbefalinger. Nordnet påtar seg ikke ansvar for kommentarene.
Nyheter og Analyser
Det er for øyeblikket ingen nyheter
Nyheter og/eller generelle investeringsanbefalinger, eller utdrag av disse på denne siden og øvrige lenker, er produsert og levert av den spesifiserte leverandøren. Nordnet har ikke deltatt i utarbeidelsen, og har ikke gjennomgått eller gjort endringer i materialet. Les mer om investeringsanbefalinger.
Kvartalsrapport (Q2)
18 dager siden‧37min
0,15 USD/aksje
Siste utbytte
0,82 %
Direkteavkastning
Nyheter og Analyser
Det er for øyeblikket ingen nyheter
Nyheter og/eller generelle investeringsanbefalinger, eller utdrag av disse på denne siden og øvrige lenker, er produsert og levert av den spesifiserte leverandøren. Nordnet har ikke deltatt i utarbeidelsen, og har ikke gjennomgått eller gjort endringer i materialet. Les mer om investeringsanbefalinger.
Shareville
Bli med i samtalen på SharevilleEt fellesskap av investorer som deler innsikt og kunnskap i sine porteføljer.
Logg inn
- 14. juli14. juliPitkään tätä on väijytty...nyt mukaan kun kurssi edes vähän niiannut. Sitten taas 🆙️🆙️🆙️ainakin toivon mukaan 🫡
- 15. juni 202315. juni 2023keskikurssi 6,87 ja kiipee.15. juni 202315. juni 2023Raportin lopusta jäi tämä pois: Initial Disclosure: After extensive research, we have taken a short position in shares of Tecnoglass, Inc. This report represents our opinion, and we encourage every reader to do their own due diligence. Please see our full disclaimer at the bottom of the report.
- 31. jan. 2022 · Endret31. jan. 2022 · Endrethttps://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.
Kommentarene ovenfor kommer fra brukere på Nordnets sosiale nettverk Shareville og er verken redigert eller forhåndsvist av Nordnet. De innebærer ikke at Nordnet gir investeringsråd eller investeringsanbefalinger. Nordnet påtar seg ikke ansvar for kommentarene.
Ordredybde
Antall
Kjøp
12
Selg
Antall
1
Siste handler
| Tid | Pris | Antall | Kjøpere | Selger |
|---|---|---|---|---|
| - | - | - | - |
Høy
73,07VWAP
Lav
72,14OmsetningAntall
21,3 452 156
VWAP
Høy
73,07Lav
72,14OmsetningAntall
21,3 452 156
Meglerstatistikk
Fant ingen data
Kunder besøkte også
Selskapshendelser
| Kommende | |
|---|---|
Selskapskalender ikke tilgjengelig | |
| Historisk | ||
|---|---|---|
| 2025 Kvartalsrapport (Q2) | 7. aug. | |
| 2025 Kvartalsrapport (Q1) | 8. mai | |
| 2024 Årsrapport | 28. feb. | |
| 2024 Kvartalsrapport (Q4) | 27. feb. | |
| 2024 Generalforsamling | 3. des. 2024 |
Data hentes fra Morningstar, Quartr
Kvartalsrapport (Q2)
18 dager siden‧37min
Nyheter og Analyser
Det er for øyeblikket ingen nyheter
Nyheter og/eller generelle investeringsanbefalinger, eller utdrag av disse på denne siden og øvrige lenker, er produsert og levert av den spesifiserte leverandøren. Nordnet har ikke deltatt i utarbeidelsen, og har ikke gjennomgått eller gjort endringer i materialet. Les mer om investeringsanbefalinger.
Selskapshendelser
| Kommende | |
|---|---|
Selskapskalender ikke tilgjengelig | |
| Historisk | ||
|---|---|---|
| 2025 Kvartalsrapport (Q2) | 7. aug. | |
| 2025 Kvartalsrapport (Q1) | 8. mai | |
| 2024 Årsrapport | 28. feb. | |
| 2024 Kvartalsrapport (Q4) | 27. feb. | |
| 2024 Generalforsamling | 3. des. 2024 |
Data hentes fra Morningstar, Quartr
0,15 USD/aksje
Siste utbytte
0,82 %
Direkteavkastning
Shareville
Bli med i samtalen på SharevilleEt fellesskap av investorer som deler innsikt og kunnskap i sine porteføljer.
Logg inn
- 14. juli14. juliPitkään tätä on väijytty...nyt mukaan kun kurssi edes vähän niiannut. Sitten taas 🆙️🆙️🆙️ainakin toivon mukaan 🫡
- 15. juni 202315. juni 2023keskikurssi 6,87 ja kiipee.15. juni 202315. juni 2023Raportin lopusta jäi tämä pois: Initial Disclosure: After extensive research, we have taken a short position in shares of Tecnoglass, Inc. This report represents our opinion, and we encourage every reader to do their own due diligence. Please see our full disclaimer at the bottom of the report.
- 31. jan. 2022 · Endret31. jan. 2022 · Endrethttps://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.
Kommentarene ovenfor kommer fra brukere på Nordnets sosiale nettverk Shareville og er verken redigert eller forhåndsvist av Nordnet. De innebærer ikke at Nordnet gir investeringsråd eller investeringsanbefalinger. Nordnet påtar seg ikke ansvar for kommentarene.
Ordredybde
Antall
Kjøp
12
Selg
Antall
1
Siste handler
| Tid | Pris | Antall | Kjøpere | Selger |
|---|---|---|---|---|
| - | - | - | - |
Høy
73,07VWAP
Lav
72,14OmsetningAntall
21,3 452 156
VWAP
Høy
73,07Lav
72,14OmsetningAntall
21,3 452 156
Meglerstatistikk
Fant ingen data