Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1 (5 lettori)
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
bigmac
Nuovo forumer
Francoforte Apertura 2016 a 72
La lettera ora 53000 a 74,8
ALPINE HOLDING 11/16 | Bond | A1GR69 | AT0000A0PJJ0 | Börse Frankfurt (Frankfurt Stock Exchange)
La lettera ora 53000 a 74,8
ALPINE HOLDING 11/16 | Bond | A1GR69 | AT0000A0PJJ0 | Börse Frankfurt (Frankfurt Stock Exchange)
qquebec
Super Moderator
Sarà uscito qualche comunicato. Sul sito, però, non c'è niente. Questi, in quanto a trasparenza fanno veramente schifo!
Ultima modifica:
nik.sala
Money Never Sleeps
capt.harlock
MENA IL CAMMELLO FAN CLUB
alpine in marcata discesa
fabriziof
Forumer storico
di lunedi
Alpine plans sell off to gain breathing space
Troubled Austrian building firm Alpine Holding GmbH is planning to sell off one or more of it's sub firms in order to gain a fresh flow of capital.
According to company either Alpine Energie or Hazet Bau will be sold off that will provide cash for the Spanish owners Fomento de Construcciones & Contratas SA.
It was also revealed that the boss of Alpine Bau Salzburg - Josef Rettenwander - has left the embattled firm criticising the overinflated bureacracy at the building concern.
Alpine bonds tumbled after it admitted it may have a “significant” loss this year.
Alpine, based in Salzburg, said “certain” projects are responsible for the loss.
“Contrary to the issuer’s prior assessments, in particular due to the evolution of certain projects, the annual financial statements for the 2012 financial year would show a significant loss,” it said in the statement. With support by its shareholder and the funding banks, Alpine is “confident that it will continue to meet all of its financial obligations,” the company said.
Alpine, which built German soccer team Bayern Munich’s AllianzArena stadium, has about two-thirds of its output in Austria and Germany, and more than 20 percent in eastern and southeastern Europe. The company, which employs about 15,000, was acquired by FCC in 2006. Net income was 13.4 million euros ($17.3 million) last year, 18 percent less than a year earlier.
The company said in its annual report, published April 30, that it expects 2012 net income to match the prior year’s level. It sold a 100 million-euro bond in May, and in the prospectus said it wouldn’t provide a profit outlook.
Alpine said in August that it has “growing concern” about its business in Poland, where it is mired in legal battles including one over its contract to build the A1 motorway, saying their “outcome is hard to predict.”
Austrian magazine Profil first reported the company may have a loss on writedowns.
The company, whose net debt doubled to 550 million euros by the end of June from 277 million euros at the end of 2011, has met creditor banks for talks. Alpine’s creditors include Erste Group Bank AG (EBS) with 100 million euros outstanding, Raiffeisenlandesbank OOe AG with 82 million euros, and UniCredit Bank Austria AG with 78 million euros, according to the Profil report. Spokesmen for Erste, Raiffeisen and UniCredit declined to comment on the Alpine loans, citing bank secrecy rules.
Alpine plans sell off to gain breathing space
Troubled Austrian building firm Alpine Holding GmbH is planning to sell off one or more of it's sub firms in order to gain a fresh flow of capital.
According to company either Alpine Energie or Hazet Bau will be sold off that will provide cash for the Spanish owners Fomento de Construcciones & Contratas SA.
It was also revealed that the boss of Alpine Bau Salzburg - Josef Rettenwander - has left the embattled firm criticising the overinflated bureacracy at the building concern.
Alpine bonds tumbled after it admitted it may have a “significant” loss this year.
Alpine, based in Salzburg, said “certain” projects are responsible for the loss.
“Contrary to the issuer’s prior assessments, in particular due to the evolution of certain projects, the annual financial statements for the 2012 financial year would show a significant loss,” it said in the statement. With support by its shareholder and the funding banks, Alpine is “confident that it will continue to meet all of its financial obligations,” the company said.
Alpine, which built German soccer team Bayern Munich’s AllianzArena stadium, has about two-thirds of its output in Austria and Germany, and more than 20 percent in eastern and southeastern Europe. The company, which employs about 15,000, was acquired by FCC in 2006. Net income was 13.4 million euros ($17.3 million) last year, 18 percent less than a year earlier.
The company said in its annual report, published April 30, that it expects 2012 net income to match the prior year’s level. It sold a 100 million-euro bond in May, and in the prospectus said it wouldn’t provide a profit outlook.
Alpine said in August that it has “growing concern” about its business in Poland, where it is mired in legal battles including one over its contract to build the A1 motorway, saying their “outcome is hard to predict.”
Austrian magazine Profil first reported the company may have a loss on writedowns.
The company, whose net debt doubled to 550 million euros by the end of June from 277 million euros at the end of 2011, has met creditor banks for talks. Alpine’s creditors include Erste Group Bank AG (EBS) with 100 million euros outstanding, Raiffeisenlandesbank OOe AG with 82 million euros, and UniCredit Bank Austria AG with 78 million euros, according to the Profil report. Spokesmen for Erste, Raiffeisen and UniCredit declined to comment on the Alpine loans, citing bank secrecy rules.
fabriziof
Forumer storico
che ci dici sul tonfo di alpine?
drbs315
Forumer storico
WIND: FITCH ABBASSA RATING DA 'BB' A 'BB-' CON OUTLOOK NEGATIVO
(Il Sole 24 Ore Radiocor) - Roma, 24 ott - Fitch ha
abbassato da 'BB' a 'BB-' con outlook negativo il rating di
Wind. In una nota l'agenzia sottolinea come il downgrade sia
motivato dalla stima che Wind potrebbe non mantenere un
Ebitda stabile e un flusso di cassa alla luce del taglio
delle tariffe di terminazione mobile, delle accresciute
pressioni della concorrenza e del deprimente scenario
macroeconomico italiano. Per Fitch, comunque, Wind ha la
potenzialita' per continuare a fare meglio dei sui
concorrenti nazionali. E' positivo, inoltre, il fatto che la
societa' non dovra' affrontare impegni di rifinanziamento
prima del 2017.
Com-Cel
(RADIOCOR) 24-10-12 15:22:29 (0395) 5 NNNN
(Il Sole 24 Ore Radiocor) - Roma, 24 ott - Fitch ha
abbassato da 'BB' a 'BB-' con outlook negativo il rating di
Wind. In una nota l'agenzia sottolinea come il downgrade sia
motivato dalla stima che Wind potrebbe non mantenere un
Ebitda stabile e un flusso di cassa alla luce del taglio
delle tariffe di terminazione mobile, delle accresciute
pressioni della concorrenza e del deprimente scenario
macroeconomico italiano. Per Fitch, comunque, Wind ha la
potenzialita' per continuare a fare meglio dei sui
concorrenti nazionali. E' positivo, inoltre, il fatto che la
societa' non dovra' affrontare impegni di rifinanziamento
prima del 2017.
Com-Cel
(RADIOCOR) 24-10-12 15:22:29 (0395) 5 NNNN
qquebec
Super Moderator
Questi di Fitch sono suonati
Emettono un rating senza prima aver visto i dati trimestrali e sulla base di cose sapute e risapute da almeno 1 anno
qquebec
Super Moderator
Ineos Q3
Based on unaudited management information INEOS reports that EBITDA for the third quarter of 2012 was €432 million, compared to €371 million for Q3, 2011 and €308 million for Q2, 2012. Comparative information excludes the results of the Refining business, which was disposed of in July 2011.
Petrochemical markets have continued to be subdued with industry sentiment remaining cautious, particularly in Europe and Asia. In contrast, business in North America has been strong with the benefit of its current feedstock advantage.
Chemical Intermediates reported EBITDA of €177 million compared to €165 million in Q3, 2011. Demand for chemical intermediates has been mixed in the quarter. Product prices have adjusted in line with increased raw material costs, but volumes have remained subdued. Margins in the Phenol business have been supported by good acetone prices, although this has been partially offset by lower volumes. The Oligomers business has continued to experience steady demand and solid margins in all sectors. Volumes and margins for the Nitriles business were weak, with subdued demand for both acrylic fibre and ABS, especially in Asia. The Oxide business had a moderate performance for the quarter with volatile feedstock prices impacting margins.
O&P North America reported EBITDA of €202 million compared to €126 million in Q3, 2011. The business has continued to benefit from its ability to optimise the use of cheaper gas feedstock to maintain healthy margins. The US cracker business environment continued to be strong with top of cycle margins and high operating rates throughout the quarter. Overall polymer demand was also strong with derivative exports remaining high as gas crackers continued to benefit from a significant global cost advantage. Domestic polymer demand continued to be relatively subdued though.
O&P Europe reported EBITDA of €53 million compared to €80 million in Q3, 2011. Demand for olefins in the quarter reflected the softening macro-economic environment. Cracker operating rates remained constrained to maintain market balance and margins were moderate. Polymer market sentiment remained weak with reduced levels of discretionary demand. The softness in the polymer markets has also resulted in low margins in the quarter.
The Group has continued to focus on cash management and liquidity. Net debt was approximately €6.3 billion at the end of September 2012. Cash balances at the end of the quarter were €1,219 million, and availability under undrawn working capital facilities was €258 million. Net debt leverage was approximately 4.5 times as at the end of September 2012.
Based on unaudited management information INEOS reports that EBITDA for the third quarter of 2012 was €432 million, compared to €371 million for Q3, 2011 and €308 million for Q2, 2012. Comparative information excludes the results of the Refining business, which was disposed of in July 2011.
Petrochemical markets have continued to be subdued with industry sentiment remaining cautious, particularly in Europe and Asia. In contrast, business in North America has been strong with the benefit of its current feedstock advantage.
Chemical Intermediates reported EBITDA of €177 million compared to €165 million in Q3, 2011. Demand for chemical intermediates has been mixed in the quarter. Product prices have adjusted in line with increased raw material costs, but volumes have remained subdued. Margins in the Phenol business have been supported by good acetone prices, although this has been partially offset by lower volumes. The Oligomers business has continued to experience steady demand and solid margins in all sectors. Volumes and margins for the Nitriles business were weak, with subdued demand for both acrylic fibre and ABS, especially in Asia. The Oxide business had a moderate performance for the quarter with volatile feedstock prices impacting margins.
O&P North America reported EBITDA of €202 million compared to €126 million in Q3, 2011. The business has continued to benefit from its ability to optimise the use of cheaper gas feedstock to maintain healthy margins. The US cracker business environment continued to be strong with top of cycle margins and high operating rates throughout the quarter. Overall polymer demand was also strong with derivative exports remaining high as gas crackers continued to benefit from a significant global cost advantage. Domestic polymer demand continued to be relatively subdued though.
O&P Europe reported EBITDA of €53 million compared to €80 million in Q3, 2011. Demand for olefins in the quarter reflected the softening macro-economic environment. Cracker operating rates remained constrained to maintain market balance and margins were moderate. Polymer market sentiment remained weak with reduced levels of discretionary demand. The softness in the polymer markets has also resulted in low margins in the quarter.
The Group has continued to focus on cash management and liquidity. Net debt was approximately €6.3 billion at the end of September 2012. Cash balances at the end of the quarter were €1,219 million, and availability under undrawn working capital facilities was €258 million. Net debt leverage was approximately 4.5 times as at the end of September 2012.
- Stato