Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
Per chi segue sta carretta
Payom Solar AG - Results for 2011 through massive write-downs and revaluations affected
Payom Solar AG has audited by the auditor and submitted to the Supervisory Board approved the consolidated financial statements for the fiscal year 2011. In addition, the Payom releases results for the first quarter. Final figures for fiscal 2011 in fiscal year 2011 the company had a sales decline by 52.7 percent to EUR 73.1 million take. This resulted in a significant loss to follow, which resulted mainly from the revaluation of current projects and the depreciation of solar panels due to the sharp price decline. In addition, the Board has decided together with the Board to a complete restructuring of society and the participation of all approaches subsidiaries has depreciated almost as a precaution. Overall, the deterioration in operating profit (EBIT) to EUR -68.3 these measures million (2010: EUR 11.2 million), 'We have taken all the risk from the balance sheet. The impairment test should therefore include in the coming years, no negative surprises of this kind. Important for investors is that over 80 percent of the losses are non-cash items. The single poor result for society is not therefore threaten the livelihoods', Detmar Dettmann, board says the Payom Solar AG. impact of loss on the balance sheet , the net loss in fiscal 2011 resulted in the balance sheet to a loss of more than half of the share capital Payom has occurred (§ 92 para 1 of the AktG). For this reason, the Executive Board and Supervisory Board decided to propose to the Annual General Meeting in August 2012, the share capital of Payom of currently EUR 13,210,699.00 by way of a capital reduction to EUR 1,321,070.00, divided into 1321 .070 on bearer shares to reduce. The reduction should therefore be in a ratio of approximately 10:1. It is performed in such a way that will be merged as a result of ten-par-value bearer shares with a par value bearer shares. Purely mathematically, the share price is then adjusted upward by the same proportion. Good start to the year 2012 / savings in the first quarter of this fiscal year, succeeded to the management of Payom Solar AG, the operational turnaround. From January to late March, the Group achieved sales of EUR 41.0 million the same time, EBIT of EUR 2.2 million was achieved. 'Although there will be no boom as soon as the year 2010 more in the solar industry, but the market will continue to be very interesting,' says Dettmann. Payom will in future focus back to the original business, engineering, construction and sales of solar systems with a size of up to 100 kilowatts. To adjust the corporate structure to changing market conditions, it was in recent months mainly to rationalization of the workforce, what will the future lead to reductions of around EUR 2.0 million. Outlook After the federal government and the states of the Conciliation Committee now an amendment of the EEG have agreed there, finally there is clarity about future funding. Especially the less severe reduction of small and medium-sized solar systems Payom comes with the new strategy very well. The Board intends, in the current fiscal year with a turnover of around EUR 85 million, again to generate an EBIT of about EUR 4 million. The fact that the group should have sufficient assets, such as solar power plants has in-house operation with a capacity of approximately 6.4 MW, and now back in the black, lead to a calming of the Noteholder. After completion of the reorganization, the Company will increase again in the future for an active, press and investor relations activities
Payom Solar AG - Results for 2011 through massive write-downs and revaluations affected
Payom Solar AG has audited by the auditor and submitted to the Supervisory Board approved the consolidated financial statements for the fiscal year 2011. In addition, the Payom releases results for the first quarter. Final figures for fiscal 2011 in fiscal year 2011 the company had a sales decline by 52.7 percent to EUR 73.1 million take. This resulted in a significant loss to follow, which resulted mainly from the revaluation of current projects and the depreciation of solar panels due to the sharp price decline. In addition, the Board has decided together with the Board to a complete restructuring of society and the participation of all approaches subsidiaries has depreciated almost as a precaution. Overall, the deterioration in operating profit (EBIT) to EUR -68.3 these measures million (2010: EUR 11.2 million), 'We have taken all the risk from the balance sheet. The impairment test should therefore include in the coming years, no negative surprises of this kind. Important for investors is that over 80 percent of the losses are non-cash items. The single poor result for society is not therefore threaten the livelihoods', Detmar Dettmann, board says the Payom Solar AG. impact of loss on the balance sheet , the net loss in fiscal 2011 resulted in the balance sheet to a loss of more than half of the share capital Payom has occurred (§ 92 para 1 of the AktG). For this reason, the Executive Board and Supervisory Board decided to propose to the Annual General Meeting in August 2012, the share capital of Payom of currently EUR 13,210,699.00 by way of a capital reduction to EUR 1,321,070.00, divided into 1321 .070 on bearer shares to reduce. The reduction should therefore be in a ratio of approximately 10:1. It is performed in such a way that will be merged as a result of ten-par-value bearer shares with a par value bearer shares. Purely mathematically, the share price is then adjusted upward by the same proportion. Good start to the year 2012 / savings in the first quarter of this fiscal year, succeeded to the management of Payom Solar AG, the operational turnaround. From January to late March, the Group achieved sales of EUR 41.0 million the same time, EBIT of EUR 2.2 million was achieved. 'Although there will be no boom as soon as the year 2010 more in the solar industry, but the market will continue to be very interesting,' says Dettmann. Payom will in future focus back to the original business, engineering, construction and sales of solar systems with a size of up to 100 kilowatts. To adjust the corporate structure to changing market conditions, it was in recent months mainly to rationalization of the workforce, what will the future lead to reductions of around EUR 2.0 million. Outlook After the federal government and the states of the Conciliation Committee now an amendment of the EEG have agreed there, finally there is clarity about future funding. Especially the less severe reduction of small and medium-sized solar systems Payom comes with the new strategy very well. The Board intends, in the current fiscal year with a turnover of around EUR 85 million, again to generate an EBIT of about EUR 4 million. The fact that the group should have sufficient assets, such as solar power plants has in-house operation with a capacity of approximately 6.4 MW, and now back in the black, lead to a calming of the Noteholder. After completion of the reorganization, the Company will increase again in the future for an active, press and investor relations activities
nik.sala
Money Never Sleeps
qquebec
Super Moderator
convertibile
Io andrei su questo : XS0469316458
E' lo stesso discorso che facevamo per Europcar: devono rifinanziare la scadenza più breve e lo faranno emettendo un altro bond a tassi stratosferici che poi andrà a pesare su quello che hai indicato tu che scade nel 2016. Sempre che non salti la baracca nel frattempo. Sulle rinnovabili ci sono problemi e i governi non sovvenzionano più.
nik.sala
Money Never Sleeps
I bond "ordinari" son 2 :
XS0469316458 ABENGOA 09-15 9.625%
XS0498817542 ABENGOA 10-16 8.500%
Io intendevo il 9.625%.
Cmq non entro, troppe incertezze.
qquebec
Super Moderator
Ce n'è uno anche in USD. Comunque, il 2014 per me lo rifinanziano, ma agli altri faranno la festa
capt.harlock
MENA IL CAMMELLO FAN CLUB
per comprare yioula ci vogliono 47,5 bigliettoni
per seat 64,5
per seat 64,5
nik.sala
Money Never Sleeps
- Stato
Similar threads
Obbligazioni societarie
HIGH YIELD e oltre, verso frontiere inesplorate, vol.3
