reno
Guest
Grazie Samantaao, sono entrato su GE, vedrò come si muoverà il titolo e poi deciderò se tenerlo nel cassetto .
Obbligazioni societarie GENERAL ELECTRIC -operativo emissioni
TheLondoner
Forumer storico
probabile si rifersica anche alla 2014 che soffre quanto la 2016.
I prezzi correnti, visto il rating ancora AAA, scontano una consistente sforbiciata della valutazione da parte delle agencies.
In effetti sto valutando di incrementarle.
samantaao
Forumer storico
esatto, ho la 2011 e la 2014, comprate ai tempi d'oro
e ho anche alleggerito in perdita per ridurre l'esposizione.
le tengo monitorate e aspetto che si chiarisca la faccenda americana prima di muovermi (ovviamente se tutto fila liscio perdo un'occasione, ma temo che oggi il mercato non regali proprio nulla)
inoltre se cominceranno downgrade mi aspetto altre svendite
ciao
sam
Imark
Forumer storico
Drastico taglio del dividendo varato per la seconda metà del 2009. Esclude possibili aumenti di capitale.
UPDATE: GE To Cut Dividend 67% To 10 Cents, To Save $9 Billion A Year
http://www.dj.com/
February 27, 2009: 03:17 PM ET
(Updates throughout with CEO and investor comments and additional detail.)
By Bob Sechler
Of DOW JONES NEWSWIRES
General Electric Co. (GE) said Friday it would cut its quarterly dividend to 10 cents a share from 31 cents in the second half of 2009, saving an annualized $9 billion.
The U.S. conglomerate has been under pressure to trim the payout or sacrifice its AAA credit rating by issuing debt as it wrestles with losses and write-downs at its finance arm, GE Capital.
Jeff Immelt, chairman and CEO, had pledged to keep the payout at least for the first half of the year, although he said on Feb. 6 that the board would keep it under review for the latter half.
The announcement Friday puts GE among a myriad of companies that have slashed dividends in recent months. Even long-standing dividend payers are cutting their cash distributions to survive the recession. Analysts had thought GE's dividend looked shaky.
Immelt called GE's nearly 70% dividend cut "the right precautionary action at this time to further strengthen our company for the long-term, while still providing an attractive dividend."
He also said in a prepared statement that the company "currently (does) not have any plans to raise more equity."
In the past, he has repeatedly said that preserving the rating and dividend were equal priorities.
But several investors said Friday that the dividend cut was simply a nod to reality.
GE shares were off about 4.4% recently, or 40 cents, at $8.69, but they had traded as low as $8.40 a share earlier Friday prior to the dividend announcement.
"It had to happen," said Peter Sorrentino, a portfolio manager at Huntington Asset Advisors, which owns a GE stake. "If they had zeroed the dividend out, I wouldn't have been heartbroken."
As a shareholder, Sorrentino said Huntington "would rather see (GE) survive long term and be profitable than sit here and collect the dividend."
Peter Klein, a portfolio manager with Fifth Third Asset Management Inc., echoed much the same sentiment, calling the dividend "a cheap source of capital" that GE was imprudent to pay out amid the ongoing economic uncertainty.
"Shareholders will understand that they're trying to make the company stronger," said Klein, whose firm owns a GE stake. "They've got to do it."
GE has shed 75% of its market value over the past year, with a capitalization that last week slipped below $100 billion.
In January, the company said it could keep the AAA rating and the dividend by cutting capital expenditures, ending stock buybacks and selling some assets.
But analysts and investors were skeptical. Both Standard & Poor's and Moody's Investors Service have warned they were considering cutting the company's credit rating because of concerns about funding at its capital unit.
The finance unit has been the focus of substantial investor concern during the credit crisis, fueling a huge slide in the parent company's stock price last year.
GE recently maintained its expectation that GE Capital would earn $5 billion this year even amid mounting credit losses, which GE said would be offset by greater cost savings and tax benefits.
UPDATE: GE To Cut Dividend 67% To 10 Cents, To Save $9 Billion A Year
http://www.dj.com/
February 27, 2009: 03:17 PM ET
(Updates throughout with CEO and investor comments and additional detail.)
By Bob Sechler
Of DOW JONES NEWSWIRES
General Electric Co. (GE) said Friday it would cut its quarterly dividend to 10 cents a share from 31 cents in the second half of 2009, saving an annualized $9 billion.
The U.S. conglomerate has been under pressure to trim the payout or sacrifice its AAA credit rating by issuing debt as it wrestles with losses and write-downs at its finance arm, GE Capital.
Jeff Immelt, chairman and CEO, had pledged to keep the payout at least for the first half of the year, although he said on Feb. 6 that the board would keep it under review for the latter half.
The announcement Friday puts GE among a myriad of companies that have slashed dividends in recent months. Even long-standing dividend payers are cutting their cash distributions to survive the recession. Analysts had thought GE's dividend looked shaky.
Immelt called GE's nearly 70% dividend cut "the right precautionary action at this time to further strengthen our company for the long-term, while still providing an attractive dividend."
He also said in a prepared statement that the company "currently (does) not have any plans to raise more equity."
In the past, he has repeatedly said that preserving the rating and dividend were equal priorities.
But several investors said Friday that the dividend cut was simply a nod to reality.
GE shares were off about 4.4% recently, or 40 cents, at $8.69, but they had traded as low as $8.40 a share earlier Friday prior to the dividend announcement.
"It had to happen," said Peter Sorrentino, a portfolio manager at Huntington Asset Advisors, which owns a GE stake. "If they had zeroed the dividend out, I wouldn't have been heartbroken."
As a shareholder, Sorrentino said Huntington "would rather see (GE) survive long term and be profitable than sit here and collect the dividend."
Peter Klein, a portfolio manager with Fifth Third Asset Management Inc., echoed much the same sentiment, calling the dividend "a cheap source of capital" that GE was imprudent to pay out amid the ongoing economic uncertainty.
"Shareholders will understand that they're trying to make the company stronger," said Klein, whose firm owns a GE stake. "They've got to do it."
GE has shed 75% of its market value over the past year, with a capitalization that last week slipped below $100 billion.
In January, the company said it could keep the AAA rating and the dividend by cutting capital expenditures, ending stock buybacks and selling some assets.
But analysts and investors were skeptical. Both Standard & Poor's and Moody's Investors Service have warned they were considering cutting the company's credit rating because of concerns about funding at its capital unit.
The finance unit has been the focus of substantial investor concern during the credit crisis, fueling a huge slide in the parent company's stock price last year.
GE recently maintained its expectation that GE Capital would earn $5 billion this year even amid mounting credit losses, which GE said would be offset by greater cost savings and tax benefits.
Imark
Forumer storico
Meglio avrebbero fatto a vararlo subito...
The Beast
Rating? No grazie!
la 2014 è scesa in 10 giorni da 81 a 78, chi vi è entrato (come il sottoscritto, basta che arriva al 2014 però ...
vuoi la 2016 in carico a 95 che adesso si compra a 76?
Imark
Forumer storico
la 2014 è scesa in 10 giorni da 81 a 78, chi vi è entrato (come il sottoscritto
vuoi la 2016 in carico a 95 che adesso si compra a 76?
Infatti è un altro AAA "anomalo", a dire poco...
The Beast
Rating? No grazie!
Infatti è un altro AAA "anomalo", a dire poco...
RATING? NO GRAZIE!
l'unico bond che mi regge da dio è quello col rating + basso, le KPN!
anche le FIAT mi han dato soddisfazioni!!!
Mannaggia a 'sti rating!
scusate lo sfogo!
