fabriziof
Forumer storico
è vero fino a qualche giorno fa non c'era scritto.oggi comunque ha scambiato a 0,35 con uno stratosferico rialzo rispetto a 0,005 di ieri.
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
paologorgo
Chapter 11
.
qquebec
Super Moderator
Moody's abbassa nuovamente il rating di Eircom
Anche Moody's, come S&P, ha ammonito che Eircom violerà i covenants entro il prossimo mese di Giugno e ha abbassato il debito di ERC Ireland Finance (parent of Eircom) a B3 da B2, ma il Ceo Donovan continua a gettare acqua sul fuoco fugando eccessivi allarmismi (Eircom denies being 'blasé' over ?3.1bn debt covenants)
(Sunday Tribune, 5th Sep. 2010) - Moody's forecast that Eircom would breach the covenants next June. It also had concerns that STT was not showing any commitment to solving the problem and questioned Eircom's strategy. Moody's was the first ratings agency to raise concern about the company's debt burden in January.
Fonti vicine al dossier Eircom suggeriscono che la compagnia avrebbe bisogno di una ricapitalizzazione di almeno 300 mln di euro da parte degli azionisti per evitare di violare i covenants nei prossimi mesi. E questa potrebbe essere la soluzione più efficace e diretta al momento, ma incontrerebbe l'opposizione dell'associazione dei dipendenti Esot (che detiene il 35% di Eircom) il cui fondo ha in pancia oltre 100 mln ma che i lavoratori normalmente utilizzano per distribuire premi e indennità varie.
Intanto - come riporta l'Irish Independent di oggi - il bond PIK viene scambiato fra 15 e 18 cents poiché gli investitori non credono che il debito possa essere ripagato interamente
Anche Moody's, come S&P, ha ammonito che Eircom violerà i covenants entro il prossimo mese di Giugno e ha abbassato il debito di ERC Ireland Finance (parent of Eircom) a B3 da B2, ma il Ceo Donovan continua a gettare acqua sul fuoco fugando eccessivi allarmismi (Eircom denies being 'blasé' over ?3.1bn debt covenants)
(Sunday Tribune, 5th Sep. 2010) - Moody's forecast that Eircom would breach the covenants next June. It also had concerns that STT was not showing any commitment to solving the problem and questioned Eircom's strategy. Moody's was the first ratings agency to raise concern about the company's debt burden in January.
Fonti vicine al dossier Eircom suggeriscono che la compagnia avrebbe bisogno di una ricapitalizzazione di almeno 300 mln di euro da parte degli azionisti per evitare di violare i covenants nei prossimi mesi. E questa potrebbe essere la soluzione più efficace e diretta al momento, ma incontrerebbe l'opposizione dell'associazione dei dipendenti Esot (che detiene il 35% di Eircom) il cui fondo ha in pancia oltre 100 mln ma che i lavoratori normalmente utilizzano per distribuire premi e indennità varie.
Intanto - come riporta l'Irish Independent di oggi - il bond PIK viene scambiato fra 15 e 18 cents poiché gli investitori non credono che il debito possa essere ripagato interamente
discipline
Guest
non ho potuto scrivere oggi, ma ho sentito la banca, d/l esposti 3/6 ma controparti quasi sicuramente non operative
discipline
Guest
paologorgo
Chapter 11
lettura molto interessante, grazie
al prossimo aggiungo qualche figura femminile svestita per aumentare il numero dei download...
discipline
Guest
al prossimo aggiungo qualche figura femminile svestita per aumentare il numero dei download...
allo scopo suggerirei di editare il nome del file, qualcosa di più ammiccante di "IO-Overview-of-Distressed-Debt-Investing-8-31-10-Gramercy-1.pdf"
fabriziof
Forumer storico
ArcelorMittal May Reportedly Acquire Cognor
09/2/2010
According to unofficial information quoted by Puls Biznesu, in mid-September representatives of ArcelorMittal are to arrive in Poland to seal the purchase of a stake in Cognor SA. These rumors have not been confirmed by any of the enterprises in question. “We are looking for a partner and are currently in talks regarding the matter with many companies. We may sell a part of our assets, but preferably we would raise our capital by establishing co-operation with a private equity fund,” says Zlomrex S.A.’s (parent of Cognor) boss and owner Przemyslaw Sztuczkowski. Puls Biznesu also reports that, Zlomrex is looking for an investor for its steelworks in Croatia.
09/2/2010
According to unofficial information quoted by Puls Biznesu, in mid-September representatives of ArcelorMittal are to arrive in Poland to seal the purchase of a stake in Cognor SA. These rumors have not been confirmed by any of the enterprises in question. “We are looking for a partner and are currently in talks regarding the matter with many companies. We may sell a part of our assets, but preferably we would raise our capital by establishing co-operation with a private equity fund,” says Zlomrex S.A.’s (parent of Cognor) boss and owner Przemyslaw Sztuczkowski. Puls Biznesu also reports that, Zlomrex is looking for an investor for its steelworks in Croatia.
ferdo
Utente Senior
non mi sembra così positiva la cosa o sbaglio?
Se Arcelor entra nell'azionariato di Cognor è perchè Zlomrex vende le sue quote: rischia di rimanere una scatola vuota (è pur vero che incassa cash); sarebbe stato meglio che Arcelor acquisisse Zlomrex direttamente
discipline
Guest
Info-Quest, On Telecoms Said to Consider Bids for Wind Hellas
September 09, 2010, 8:39 AM EDT
By John Glover and Kate Haywood
Sept. 9 (Bloomberg) -- Info-Quest SA, Greece’s biggest computer maker, and On Telecoms are among the groups considering buying Wind Hellas Telecommunications SA, according to four people familiar with the situation.
Other potential bidders for the mobile-phone company controlled by Egyptian billionaire Naguib Sawiris include Telenor ASA, the Nordic region’s largest phone company, and Los Angeles-based investment firm Saban Capital Group Inc., said the people, who declined to be identified because the talks are private. Senior bondholders and Weather Investments, Sawiris’ investment company, are also looking at Wind Hellas’s financial information with a view to placing bids, the people said.
Wind Hellas, hurt by plunging consumer confidence and spending in the debt-ridden nation, is looking for a buyer and seeking to write off debt less than a year after emerging from bankruptcy. Binding bids for Greece’s third-largest mobile operator are due Sept. 15.
Telenor and Saban Capital’s interest in Wind Hellas were reported earlier by the Financial Times, which cited people familiar with the matter it didn’t name.
Pal Kvalheim, a spokesman for Telenor, declined to comment, as did Athens-based Info-Quest spokeswoman Fani Kirkou.
Sawiris didn’t respond to a message left on his cell phone. Spokeswoman for Saban at Sard Verbinnen & Co. in New York didn’t return a phone message left outside office hours. On Telecoms officials in Athens didn’t respond to four phone calls or an email seeking comment.
--Editors: Michael Shanahan, Paul Armstrong
Info-Quest, On Telecoms Said to Consider Bids for Wind Hellas - BusinessWeek
September 09, 2010, 8:39 AM EDT
By John Glover and Kate Haywood
Sept. 9 (Bloomberg) -- Info-Quest SA, Greece’s biggest computer maker, and On Telecoms are among the groups considering buying Wind Hellas Telecommunications SA, according to four people familiar with the situation.
Other potential bidders for the mobile-phone company controlled by Egyptian billionaire Naguib Sawiris include Telenor ASA, the Nordic region’s largest phone company, and Los Angeles-based investment firm Saban Capital Group Inc., said the people, who declined to be identified because the talks are private. Senior bondholders and Weather Investments, Sawiris’ investment company, are also looking at Wind Hellas’s financial information with a view to placing bids, the people said.
Wind Hellas, hurt by plunging consumer confidence and spending in the debt-ridden nation, is looking for a buyer and seeking to write off debt less than a year after emerging from bankruptcy. Binding bids for Greece’s third-largest mobile operator are due Sept. 15.
Telenor and Saban Capital’s interest in Wind Hellas were reported earlier by the Financial Times, which cited people familiar with the matter it didn’t name.
Pal Kvalheim, a spokesman for Telenor, declined to comment, as did Athens-based Info-Quest spokeswoman Fani Kirkou.
Sawiris didn’t respond to a message left on his cell phone. Spokeswoman for Saban at Sard Verbinnen & Co. in New York didn’t return a phone message left outside office hours. On Telecoms officials in Athens didn’t respond to four phone calls or an email seeking comment.
--Editors: Michael Shanahan, Paul Armstrong
Info-Quest, On Telecoms Said to Consider Bids for Wind Hellas - BusinessWeek
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HIGH YIELD e oltre, verso frontiere inesplorate, vol.3
