Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

[qquebec]

STT nomina JP Morgan advisor per Eircom

Piano piano ST Telemedia sta scoprendo le carte relative all'affare Eircom. E' di oggi la notizia che l'azionista di maggioranza ha nominato JP Morgan e Gleacher Shacklock advisors per trovare una soluzione al mostruoso debito da 3,3 mld di euro che incombe sulla compagnia telefonica irlandese. Benché STT non lasci trasparire nulla di drammatico, la scelta dell'advisor è indicativa di come il tempo stringa. Solo due mesi fa S&P aveva ammonito che Eircom rischia di violare i covenants già entro la fine del 2010 se non verranno presi provvedimenti urgenti sul debito.

ST Telemedia seeks Eircom $4.4b debt shield
(11 Agosto 2010) - ST Telemedia, the majority shareholder of Irish carrier Eircom, is considering refinancing the telecoms company’s intractable €3.3 billion ($4.35b) debt. The company has hired boutique financial advisors Gleacher Shacklock and JP Morgan to execute a deal for Ireland’s largest fixed line carrier, as one of several refinancing options it is considering for the carrier. Details of the plans have just been made public, after ST Telemedia Europe managing director Terry Clontz revealed its plans to Irish communications minister Eamon Ryan in June, the Irish Independent reports. Privately-held ST Telemedia - the prime shareholder of Singapore’s StarHub and Malaysian 3G provider U Mobile - acquired a 57% stake in Eircom for €140 million late last year, but despite major cuts has been unable to substantially reduce its debt levels. Eircom is facing tough conditions in Ireland with revenues down 7% to €455 million during calendar 1Q10, and ebitda falling 3% to €170 million. The company is battling to maintain its dominance in Ireland, with its share of the fixed-line market share falling to 49.7% in 1Q10 from 50.3% in Q409, according to regulator ComReg.

 

[qquebec]

Zlomrex: il debito scende del 10%

La struttura debitoria del gruppo polacco Zlomrex, aggiornata al 31 Luglio 2010, evidenzia una riduzione complessiva del debito del 10% a 785,7 milioni di PLN (196 mln di euro). Questo risultato è stato raggiunto sostanzialmente grazie ad un aumento cospicuo delle attività di vendita e distribuzione, oltre che con la vendita di un immobile a Katowice, che hanno permesso a Zlomrex di ridurre e rimborsare l'utilizzo delle linee di credito bancarie, di riacquistare sul mercato circa 10 mln di obbligazioni 2014 8,5%, e di fare cassa per 34 mln di PLN (utilizzati poi in parte per pagare gli interessi in maturazione il 1° Agosto sul bond)

 

[fabriziof]

Norske Skog downgradata a B- da s&p.qualcuno condivide con me questa ciofeca ?

 

[nik.sala]

Norske Skog downgradata a B- da s&p.qualcuno condivide con me questa ciofeca ?

...la sto mirando, devo studiarmi meglio gli ultimi bilanci.
Sicuramente margini e fatturato sono in calo, bisogna vedere il come e il perchè.
Prezzi h 11 :
NEW RECLAM 74/76
NORSKE 66,00/66,75
GROHE 97,50/98,00

 

[fabriziof]

...la sto mirando, devo studiarmi meglio gli ultimi bilanci.
Sicuramente margini e fatturato sono in calo, bisogna vedere il come e il perchè.
Prezzi h 11 :
NEW RECLAM 74/76
NORSKE 66,00/66,75
GROHE 97,50/98,00

le vendite sembrano in ripresa però continua a perder soldi
Norwegian Norske Skog net loss expands to NOK874m in Q2 2010

Posted on: Thu, 05 Aug 2010 15:19:31 EDT



Symbols: NRSAF

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Aug 05, 2010 (NORDIC BUSINESS REPORT via COMTEX) -- 5 August 2010 - Norwegian forest products company Norske Skogindustrier ASA (OSL: NSG) said today its net loss widened to NOK874m in the second quarter of 2010 from NOK538m in the corresponding period a year earlier.
The result was impacted by the sale of excess electricity and negative currency effects within [COLOR=blue ! important][COLOR=blue ! important]financial[/COLOR][/COLOR] items, the company said.
Gross operating profit slumped to NOK275m from NOK568m, mainly due to a sharp fall in prices in Europe from the beginning of 2010, higher prices for recovered paper and market pulp, and a stronger Norwegian crown.
Both production and sales volumes are higher in 2010, despite the closure and sale of units in 2009, Norske Skog stated, adding that this means that capacity utilisation has increased considerably to 89% in April-June 2010 from 75% in the second quarter of 2009.
Norske Skog's operating revenue fell to NOK4.577bn in April-June 2010 from NO 5.16bn a year earlier.
Diluted loss per share stood at NOK4.6 versus NOK1.9.
In the first half of 2010, Norske Skog's net loss also widened to NOK2.027bn from NOK1.649bn in the same period of 2009. Operating revenue was NOK9.031bn compared to NOK10.419bn.
The company emphasised that there is a considerable uncertainty when it comes to the full-year outlook. There are still no clear signs of increased demand for newsprint in Europe and North America, while there is relatively good growth in other parts of the world, the group stated.
The price level for newsprint in Europe will be very low during the rest of 2010 while prices are expected to increase somewhat on a significant portion of the magazine paper volume in the second half of the year, Norske Skog said.

 

[nik.sala]

le vendite sembrano in ripresa però continua a perder soldi
Norwegian Norske Skog net loss expands to NOK874m in Q2 2010

Posted on: Thu, 05 Aug 2010 15:19:31 EDT



Symbols: NRSAF

• Email to friend
• Print
• Add This
• RSS Feed
• Font size: A A A

Aug 05, 2010 (NORDIC BUSINESS REPORT via COMTEX) -- 5 August 2010 - Norwegian forest products company Norske Skogindustrier ASA (OSL: NSG) said today its net loss widened to NOK874m in the second quarter of 2010 from NOK538m in the corresponding period a year earlier.
The result was impacted by the sale of excess electricity and negative currency effects within [COLOR=blue ! important][COLOR=blue ! important]financial[/COLOR][/COLOR] items, the company said.
Gross operating profit slumped to NOK275m from NOK568m, mainly due to a sharp fall in prices in Europe from the beginning of 2010, higher prices for recovered paper and market pulp, and a stronger Norwegian crown.
Both production and sales volumes are higher in 2010, despite the closure and sale of units in 2009, Norske Skog stated, adding that this means that capacity utilisation has increased considerably to 89% in April-June 2010 from 75% in the second quarter of 2009.
Norske Skog's operating revenue fell to NOK4.577bn in April-June 2010 from NO 5.16bn a year earlier.
Diluted loss per share stood at NOK4.6 versus NOK1.9.
In the first half of 2010, Norske Skog's net loss also widened to NOK2.027bn from NOK1.649bn in the same period of 2009. Operating revenue was NOK9.031bn compared to NOK10.419bn.
The company emphasised that there is a considerable uncertainty when it comes to the full-year outlook. There are still no clear signs of increased demand for newsprint in Europe and North America, while there is relatively good growth in other parts of the world, the group stated.
The price level for newsprint in Europe will be very low during the rest of 2010 while prices are expected to increase somewhat on a significant portion of the magazine paper volume in the second half of the year, Norske Skog said.

il cartario è un settore particolare da monitorare con attenzione...
...è da studiare, ma se non vedo drammi, sotto i 65 per me è BUY

 

[Gaudente]

Ieri era den let 7-13.

Appunto.
Dal punto di vista del trader retail , avresti potuto comprare a 13 cio' che il giorno dopo avresti potuto rivendere sempre a 13 (meno le commissioni)
Titoli con spread cosi' ignobili sono da tenere in quarantena , a meno che non si abbia l'illuminazione che possano venir rimborsati alla scadenza

 

[Gaudente]

Non so mica come andrà a finire.

va la' va la' che come andra' a finire lo sappiamo benissimo tutti e due

 

[Gaudente]

NORSKE 66,00/66,75

di che bond si tratta ? su onvista vedo solo questa OnVista: Anleihenanalyse - NORSKE SKOGINDUSTRIER AS DL-NOTES 01(01/11) REG.S - Snapshot

 

[Gaudente]

Norske Skog downgradata a B- da s&p.qualcuno condivide con me questa ciofeca ?

Mi sono interessato alla Norske Skog quando ho visto il suo bond high yield alla Borsa di Oslo (15,50% in NOK ) , proprio pochi giorni fa ho dato un'occhiata all'ultima trimestrale, una chiavica bestiale , pero' forse a pagare il bond in scadenza al 2011 ci arrivano , mentre su quelli lunghi ho parecchi dubbi.