{"id":166572,"date":"2026-08-03T07:08:14","date_gmt":"2026-08-03T07:08:14","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/166572\/"},"modified":"2026-08-03T07:08:14","modified_gmt":"2026-08-03T07:08:14","slug":"jako-na-horske-draze-cesi-sazejici-na-obrat-legendarniho-xeroxu-na-konci-tydne-zazili-bonanzu-i-vyplach","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/166572\/","title":{"rendered":"Jako na horsk\u00e9 dr\u00e1ze. \u010ce\u0161i s\u00e1zej\u00edc\u00ed na obrat legend\u00e1rn\u00edho Xeroxu na konci t\u00fddne za\u017eili bonanzu i v\u00fdplach"},"content":{"rendered":"

Doned\u00e1vna nezn\u00e1m\u00fd pra\u017esk\u00fd fond Starteepo Sicav<\/a> v \u010dele s finan\u010dn\u00edkem Franti\u0161kem Bostlem ve \u010dtvrtek pro\u017eil z\u0159ejm\u011b nej\u00fasp\u011b\u0161n\u011bj\u0161\u00ed r\u00e1no sv\u00e9 kari\u00e9ry. Akcie legend\u00e1rn\u00edho tiska\u0159sk\u00e9ho gigantu Xerox ten den otev\u0159ely s v\u00edce ne\u017e t\u0159etinov\u00fdm zhodnocen\u00edm pot\u00e9, co investo\u0159i reagovali na nov\u011b zve\u0159ejn\u011bn\u00e9 hospod\u00e1\u0159sk\u00e9 v\u00fdsledky za druh\u00e9 \u010dtvrtlet\u00ed leto\u0161n\u00edho roku. V p\u00e1tek ale trh t\u00e9m\u011b\u0159 polovinu p\u0159edchoz\u00edch zisk\u016f smazal.\u00a0<\/p>\n

\u010cesk\u00e9 Starteepo je podle serveru BusinessWire<\/a> od poloviny \u010dervence druh\u00fdm nejv\u011bt\u0161\u00edm akcion\u00e1\u0159em Xeroxu. P\u0159es fond \u010di nep\u0159\u00edmo vlastn\u00ed zhruba 8,8 milionu akci\u00ed, tedy p\u0159ibli\u017en\u011b 6,8 procenta firmy. Nav\u00edc dr\u017e\u00ed opci na dal\u0161\u00ed nav\u00fd\u0161en\u00ed o 140 tis\u00edc kus\u016f cenn\u00fdch pap\u00edr\u016f. Jeho sou\u010dasn\u00fd pod\u00edl u\u017e p\u0159itom dosahuje hodnoty zhruba 545 milion\u016f korun. Vzhledem k tomu, \u017ee pr\u016fm\u011brn\u00e1 n\u00e1kupn\u00ed cena \u010din\u00ed 2,3 dolaru, nerealizovan\u00fd v\u00fdnos fondu Starteepo dosahuje u\u017e 120 milion\u016f korun.\u00a0<\/p>\n

S\u00e1zka na obrat zadlu\u017een\u00e9 firmy, kter\u00e1 se mus\u00ed kv\u016fli postupuj\u00edc\u00ed digitalizaci p\u0159etransformovat, zat\u00edm vych\u00e1z\u00ed. Spole\u010dnost se ve druh\u00e9m \u010dtvrtlet\u00ed vr\u00e1tila k \u010dist\u00e9mu zisku a tr\u017eby zv\u00fd\u0161ila o p\u011btinu na 1,9 miliardy dolar\u016f, zhruba 40 miliard korun. Upraven\u00fd provozn\u00ed zisk dos\u00e1hl 203 milion\u016f dolar\u016f, co\u017e p\u0159edstavuje meziro\u010dn\u00ed n\u00e1r\u016fst o 144 milion\u016f dolar\u016f.\u00a0<\/p>\n

Lep\u0161\u00ed celoro\u010dn\u00ed v\u00fdhled<\/p>\n

Je\u0161t\u011b d\u016fle\u017eit\u011bj\u0161\u00ed je ale podle Bostla zlep\u0161en\u00ed v\u00fdhledu na cel\u00fd rok, a to jak z pohledu p\u0159\u00edjm\u016f, tak z hlediska provozn\u00edho zisku. \u201eManagement nav\u00fd\u0161il o\u010dek\u00e1van\u00e9 synergie z ned\u00e1vn\u00e9 akvizice Lexmarku z p\u016fvodn\u00edch 300 milion\u016f dolar\u016f na v\u00edce ne\u017e 350 milion\u016f dolar\u016f,\u201c zmi\u0148uje jeden z d\u016fvod\u016f optimismu Bostl s t\u00edm, \u017ee pozitivn\u011b hodnot\u00ed tak\u00e9 nakl\u00e1d\u00e1n\u00ed s kapit\u00e1lem.\u00a0<\/p>\n

Xerox ve druh\u00e9m \u010dtvrtlet\u00ed v\u00fdrazn\u011b zato\u010dil se sv\u00fdmi z\u00e1vazky. B\u011bhem pouh\u00fdch t\u0159\u00ed m\u011bs\u00edc\u016f dok\u00e1zal sn\u00ed\u017eit hrub\u00fd dluh o v\u00edce ne\u017e 200 milion\u016f dolar\u016f. \u201eJde o dal\u0161\u00ed d\u016fkaz, \u017ee sni\u017eov\u00e1n\u00ed zadlu\u017een\u00ed z\u016fst\u00e1v\u00e1 jednou z hlavn\u00edch priorit managementu,\u201c v\u011b\u0159\u00ed Bostl. Xerox podle n\u011bj nyn\u00ed o\u010dek\u00e1v\u00e1, \u017ee na konci roku 2026 bude jeho \u010dist\u00fd dluh odpov\u00eddat zhruba 3,9n\u00e1sobku provozn\u00edho zisku, zat\u00edmco d\u0159\u00edve po\u010d\u00edtal s p\u0159ibli\u017en\u011b 4,5n\u00e1sobkem.\u00a0<\/p>\n

\u010cesk\u00fd investor Franti\u0161ek Bostl | Zdroj: Starteepo<\/p>\n

V\u00fdsledky tak podle Bostla pos\u00edlily jeho d\u016fv\u011bru v management a napl\u0148ov\u00e1n\u00ed c\u00edle transformace. Pod\u00edl v tradi\u010dn\u00ed americk\u00e9 firm\u011b p\u0159esto zvy\u0161ovat nechce. \u201eDos\u00e1hli jsme c\u00edlov\u00e9 \u00farovn\u011b vlastnictv\u00ed stanoven\u00e9 pro aktu\u00e1ln\u00ed f\u00e1zi na\u0161\u00ed investi\u010dn\u00ed strategie. Dlouhodob\u011b c\u00edl\u00edme na n\u00e1sobn\u00e9 zhodnocen\u00ed. Na rok 2028 m\u00e1me c\u00edlovou cenu 15 dolar\u016f,\u201c uvedl pro e15.\u00a0<\/p>\n

\"\u010ce\u0161t\u00ed<\/a>\u010ce\u0161t\u00ed investo\u0159i vstupuj\u00ed do Xeroxu. M\u00ed\u0159\u00ed mezi nejv\u011bt\u0161\u00ed akcion\u00e1\u0159e firmy<\/a><\/p>\n

Ve \u010dtvrtek se po ohl\u00e1\u0161en\u00ed v\u00fdsledk\u016f cena akci\u00ed Xeroxu zv\u00fd\u0161ila o 39 procent z 2,7 na 3,7 dolaru za kus. V p\u00e1tek v\u0161ak jejich hodnota klesla zp\u00e1tky na \u00farove\u0148 t\u0159\u00ed dolar\u016f. O investici fond Starteepo informoval poprv\u00e9 v kv\u011btnu, kdy hodnota akci\u00ed \u010dinila 2,5 dolaru. P\u0159ed rokem v\u0161ak byla na \u00farovni \u010dty\u0159 dolar\u016f a p\u0159ed p\u011bti lety dokonce 25 dolar\u016f.\u00a0<\/p>\n

Transformace Xeroxu stoj\u00ed na integraci konkuren\u010dn\u00edho v\u00fdrobce tisk\u00e1ren Lexmark, stabilizaci klesaj\u00edc\u00edho j\u00e1dra zam\u011b\u0159en\u00e9ho na tisk a roz\u0161i\u0159ov\u00e1n\u00ed nov\u00fdch IT a servisn\u00edch slu\u017eeb.\u00a0<\/p>\n

N\u00e1vrat k ziskovosti v posledn\u00edm \u010dtvrtlet\u00ed a m\u00edrn\u00e9 zv\u00fd\u0161en\u00ed celoro\u010dn\u00edho v\u00fdhledu tr\u017eeb nazna\u010duj\u00ed, \u017ee restrukturalizace a synergie za\u010d\u00ednaj\u00ed p\u0159in\u00e1\u0161et v\u00fdsledky, m\u00edn\u00ed Sasha Jovanovic<\/a>,\u00a0akciov\u00fd analytik spole\u010dnosti Simply Wall St.\u00a0<\/p>\n

Vysok\u00e1 volatilita<\/p>\n

\u201eZ\u00e1rove\u0148 je v\u0161ak spole\u010dnost od za\u010d\u00e1tku roku st\u00e1le ve ztr\u00e1t\u011b, m\u00e1 za sebou historii kol\u00edsav\u00e9 ceny akci\u00ed a funguje s relativn\u011b nov\u00fdm veden\u00edm. Riziko spojen\u00e9 s realizac\u00ed cel\u00e9ho tohoto obratu proto z\u016fst\u00e1v\u00e1 otev\u0159en\u00e9,\u201c dodal. Tr\u017en\u00ed hodnota Xeroxu v\u00fdrazn\u011b vzrostla u\u017e po ozn\u00e1men\u00ed v\u00fdsledk\u016f prvn\u00edho leto\u0161n\u00edho kvart\u00e1lu na konci dubna. Tehdy akcie zdra\u017eily dokonce o polovinu.\u00a0<\/p>\n

Starteepo Invest se zam\u011b\u0159uje na investice do podhodnocen\u00fdch ve\u0159ejn\u011b obchodovan\u00fdch spole\u010dnost\u00ed. V minulosti fond investoval nap\u0159\u00edklad do spole\u010dnost\u00ed Warner Bros. Discovery, PayPal nebo Western Digital. Vedle toho se pod\u00edl\u00ed tak\u00e9 na uv\u00e1d\u011bn\u00ed men\u0161\u00edch \u010desk\u00fdch firem na pra\u017eskou burzu Start.\u00a0<\/p>\n

Xerox v\u00fdrazn\u011b ovlivnil podobu modern\u00edch po\u010d\u00edta\u010d\u016f i zp\u016fsob, jak\u00fdm s nimi dnes pracujeme. Jeho v\u00fdzkumn\u00e9 centrum PARC st\u00e1lo u zrodu grafick\u00e9ho rozhran\u00ed, po\u010d\u00edta\u010dov\u00e9 my\u0161i i ethernetu. Samotn\u00fd Xerox v\u0161ak sv\u016fj n\u00e1skok nevyu\u017eil a z n\u011bkdej\u0161\u00edho pr\u016fkopn\u00edka se stal podnik bojuj\u00edc\u00ed s v\u00fdrazn\u00fdm poklesem hodnoty.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Doned\u00e1vna nezn\u00e1m\u00fd pra\u017esk\u00fd fond Starteepo Sicav v \u010dele s finan\u010dn\u00edkem Franti\u0161kem Bostlem ve \u010dtvrtek pro\u017eil z\u0159ejm\u011b nej\u00fasp\u011b\u0161n\u011bj\u0161\u00ed r\u00e1no…\n","protected":false},"author":2,"featured_media":166573,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[412,34394,67,41147,68,2046,41146,1099,41145,41144,41143],"class_list":["post-166572","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-akcie","tag-akciovy-trh","tag-business","tag-business-wire","tag-byznys","tag-dolar","tag-horska-draha","tag-investor","tag-lexmark","tag-starteepo-invest-investicni-fond-s-promennym-zakladnim-kapitalem","tag-xerox"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/117030322704943182","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/166572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=166572"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/166572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/166573"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=166572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=166572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=166572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}