Joe Silver
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Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1 (4 lettori)
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
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arkymede74
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URBI news
Urbi Seeks More Time to Post Earnings as Stock Suspension Looms
By Jonathan Levin - Jul 26, 2013 12:14 AM GMT+0200
Urbi Desarrollos Urbanos SAB (URBI*), Mexico’s third-biggest homebuilder, said it won’t meet this week’s second-quarter earnings report deadline and will ask regulators for more time to avoid a suspension of stock trading.
The builder, which is preparing to restructure debt, is postponing the report as it reviews asset values, including an estimated 32.4 billion pesos ($2.57 billion) in inventory and 12.2 billion pesos in accounts receivable, according to a regulatory filing today. The company said the review includes more than 7,000 hectares (17,300 acres) of land, the value of which is subject to change after the government introduced a new housing subsidy policy last month.
Urbi is seeking a grace period under a rule that allows companies as many as 20 days extra to file earnings results under special circumstances, spokesman David Aguilar said in a telephone interview from Mexico City.
The Mexicali, Mexico-based company is one of three homebuilders in the country seeking to restructure debt amid a shift in government housing policy, which is reallocating federal subsidies and government-backed mortgages to emphasize urban development. Those that accumulated large reserves of inexpensive land outside of cities are struggling to adapt as inventory loses value and the companies are forced develop new products.
The policy move is a reaction to a wave of home abandonment that has swept subsidized commuter towns, where residents say they have grown tired of hours-long commutes to their jobs in the city.
Urbi plans to publish the second-quarter results “as soon as the previously mentioned reviews are completed,” according to the filing.
The stock exchange can suspend stock trading of companies that fail to meet this week’s reporting deadline without an extension from regulators, Francisco Valle, head of promotion and issuers at the country’s bourse, said in an e-mailed response to questions.
Urbi Seeks More Time to Post Earnings as Stock Suspension Looms
By Jonathan Levin - Jul 26, 2013 12:14 AM GMT+0200
Urbi Desarrollos Urbanos SAB (URBI*), Mexico’s third-biggest homebuilder, said it won’t meet this week’s second-quarter earnings report deadline and will ask regulators for more time to avoid a suspension of stock trading.
The builder, which is preparing to restructure debt, is postponing the report as it reviews asset values, including an estimated 32.4 billion pesos ($2.57 billion) in inventory and 12.2 billion pesos in accounts receivable, according to a regulatory filing today. The company said the review includes more than 7,000 hectares (17,300 acres) of land, the value of which is subject to change after the government introduced a new housing subsidy policy last month.
Urbi is seeking a grace period under a rule that allows companies as many as 20 days extra to file earnings results under special circumstances, spokesman David Aguilar said in a telephone interview from Mexico City.
The Mexicali, Mexico-based company is one of three homebuilders in the country seeking to restructure debt amid a shift in government housing policy, which is reallocating federal subsidies and government-backed mortgages to emphasize urban development. Those that accumulated large reserves of inexpensive land outside of cities are struggling to adapt as inventory loses value and the companies are forced develop new products.
The policy move is a reaction to a wave of home abandonment that has swept subsidized commuter towns, where residents say they have grown tired of hours-long commutes to their jobs in the city.
Urbi plans to publish the second-quarter results “as soon as the previously mentioned reviews are completed,” according to the filing.
The stock exchange can suspend stock trading of companies that fail to meet this week’s reporting deadline without an extension from regulators, Francisco Valle, head of promotion and issuers at the country’s bourse, said in an e-mailed response to questions.
HOMEX news
Homex Posts World’s Worst Selloff on Mexican Homebuilder’s Loss
By Jonathan Levin - Jul 30, 2013 8:19 PM GMT+0200
Homex SAB (HOMEX*), Mexico’s biggest homebuilder by 2012 revenue, plunged to a record low, extending a three-day selloff that has been the steepest in the world.
The shares fell 13 percent to 2.76 pesos at 12:12 p.m. in Mexico City, pushing the three-day plunge to 58 percent, the most among 2,588 securities on the Bloomberg World Index with average daily trading volume exceeding 1 million shares in the past 30 days.
The builder said July 25 that it had losses of 10.2 billion pesos ($800 million) in the second quarter. The deficit was the Culiacan, Mexico-based company’s biggest on record and exceeded the average projection for a 29 million peso loss among analysts surveyed by Bloomberg. Homex said in a regulatory filing that it didn’t have any additional information to explain today’s rout.
Mexico’s three biggest homebuilders have hired advisers to restructure debt after changes in government housing policy led to a dropoff in sales and a shift to more capital-intensive apartment construction, depleting cash balances.
The shares of competitors Corp. Geo SAB (GEOB) and Urbi Desarrollos Urbanos SAB (URBI*) were suspended from trading after they failed to meet the Mexican stock exchange’s deadline last week for reporting second-quarter results.
Homex Posts World’s Worst Selloff on Mexican Homebuilder’s Loss
By Jonathan Levin - Jul 30, 2013 8:19 PM GMT+0200
Homex SAB (HOMEX*), Mexico’s biggest homebuilder by 2012 revenue, plunged to a record low, extending a three-day selloff that has been the steepest in the world.
The shares fell 13 percent to 2.76 pesos at 12:12 p.m. in Mexico City, pushing the three-day plunge to 58 percent, the most among 2,588 securities on the Bloomberg World Index with average daily trading volume exceeding 1 million shares in the past 30 days.
The builder said July 25 that it had losses of 10.2 billion pesos ($800 million) in the second quarter. The deficit was the Culiacan, Mexico-based company’s biggest on record and exceeded the average projection for a 29 million peso loss among analysts surveyed by Bloomberg. Homex said in a regulatory filing that it didn’t have any additional information to explain today’s rout.
Mexico’s three biggest homebuilders have hired advisers to restructure debt after changes in government housing policy led to a dropoff in sales and a shift to more capital-intensive apartment construction, depleting cash balances.
The shares of competitors Corp. Geo SAB (GEOB) and Urbi Desarrollos Urbanos SAB (URBI*) were suspended from trading after they failed to meet the Mexican stock exchange’s deadline last week for reporting second-quarter results.
99.55
fabriziof
Forumer storico
io un pochino di homex l'ho tenuta,vediamo che succedesparviero7000
Forumer storico
dividendi mensili
Prospect Capital Corp 0,1102 in pagamento il 22/08
Full Circle Capital Corp 0.077 in pagamento il 15/08
Prospect Capital Corp 0,1102 in pagamento il 22/08
Full Circle Capital Corp 0.077 in pagamento il 15/08
fabriziof
Forumer storico
Ultima modifica:
sparviero7000
Forumer storico
Fifth street finance 0,95 oggi
fifth non l'ho presa ancora, cmq la record date è oggi per tutti, mentre la data di pagamento risulta differita per ognuno
Prospect Capital Corporation (PSEC) Dividend History - Nasdaq.com
Full Circle Capital Corporation (FULL) Dividend History - Nasdaq.com
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