You are here

Siemens marine on stock.com


Dec 5 2014, 11.20am GMT


German tech company Siemens AG has sold Marine Current Turbines Ltd, whilst their Indian arm has resolutions rejected.

Image source: Siemens

Shares in Siemens fell from their mid-year upward trend yesterday only to recover today back to the €93.635 mark. With two contrasting high profile news items, traders lost confidence and sold short only to start buying again.

Healthy growth

With a healthy report in November, Siemens’ fourth-quarter revenue was level year-over-year, and orders rose 2%. The book-to-bill ratio was 1.01 for the quarter, and Siemens' order backlog was €100 billion. On an organic basis, excluding currency translation and portfolio effects, revenue rose 1% and orders were up 2%.


Maintaining their healthy revenue is all-important therefore, in order to divorce themselves from the loss-making tidal stream industry, which has already lost almost $1 billion, Siemens sold Marine Current Turbines Ltd, which has projects in Devon, UK and Northern Ireland. The renewable power technology is not getting the investment it needs as wind and solar become more viable in terms of costs.

Shareholders’ new powers

In India, Siemens is having to react to new capital market rules giving powers to minority investors. Siemens was forced to raise its offer price to buy out the metal technologies business of its listed Indian subsidiary, after shareholders rejected the initial offer. The new companies act, which took effect on April 1, now ensures fair treatment of minority shareholders by breaking the strong-armed tactics of company owners to do whatever they wanted with corporate funds and expenses. Now all shareholders in India have the right to vote on resolutions electronically. The act also requires a minimum of 75% minority shareholders to approve any resolution before it can be enacted. Siemens had several resolutions rejected under the new laws.

MT4 chart: Siemens

siemens on stock.com

Trade stock CFDs on STOCK.com with full training given to all clients.

Stocks Block Actions

Trading Platforms


Through a simple native App download, be ready to log on to the powerful, intuitive MT4 platform and trade multiple assets on your desktop or through mobile

More on MetaTrader


Online access - anytime, anywhere - to your secure STOCK.com account, through desktop, tablet and mobile interfaces with no download necessary

More on WebTrader

Trading in CFDs involves significant risk to your invested capital