Orlando 27
Forumer attivo
ok grazie allora faccio una piccola entrata anche su questa ekosem.
nel settore del legno ce Homann Holzwerkstoffe avete opinioni?
Obbligazioni societarie KTG Agrar DE000A1H3VN9 - DE000A1ELQU9 KTG Biogas DE000A1ML257
- Creatore Discussione arkymede74
- Data di Inizio
ok grazie allora faccio una piccola entrata anche su questa ekosem.
nel settore del legno ce Homann Holzwerkstoffe avete opinioni?
jackbond
Quisque faber fortunae suae
Su Ekosem devi sapere che stanno proponendo un allungamento di 4 anni delle scadenze, quindi la 17 scadrebbe nel 21. Trovi più info sulla sezione high yield.
Homan Holz e' un buon fornitore di IKEA (che non sta risentendo della crisi, infatti sta incrementando le vendite vs 2015 e aprendo nuovi negozi nel mondo). Anche per questo il rating dovrebbe essere B-. Il titolo scade tra poco più di un anno e mezzo, potrebbe essere una buona occasione, senza esporsi troppo.
Homan Holz e' un buon fornitore di IKEA (che non sta risentendo della crisi, infatti sta incrementando le vendite vs 2015 e aprendo nuovi negozi nel mondo). Anche per questo il rating dovrebbe essere B-. Il titolo scade tra poco più di un anno e mezzo, potrebbe essere una buona occasione, senza esporsi troppo.
Ultima modifica:
jackbond
Quisque faber fortunae suae
30th May 2016
KTG Agrar SE has successfully tackled, 2015 against the challenging market environment in agriculture
As a major agricultural producer KTG Agrar SE has consistently pursued in 2015 its sustainable path. The 2015 has shown how unpredictable can be the global agricultural markets and how important it is to have developed a diversified business model. 2015 was in agriculture characterized by high global harvests and thus low product prices.
Group sales increase by 92.4 million euros to 326.5 million euros
Operating profit increased by 4.4 million euros to 59.0 million euros
But it coincided in each region to significant crop losses due to drought - to mention here in particular the century-drought in Romania - and also in Germany, the harvest level was below the statistical average. Such developments are the exceptions, however, occur.
"Today's business model of KTG Agrar uniquely combines the production of quality food" From Field to Plate "with the production of renewable energy. This allows us to hedge against price fluctuations of agricultural commodities, "says Siegfried Hofreiter.
Target: Focus on healthy eating
KTG will focus even more in the future in the food sector in an attractive niche and growth markets. For KTG focus is on healthy eating at the center. This trend will shape the industry at home and abroad in the coming years and drive. This includes above all the demand for organic and vegan products. In Germany alone, the organic sector has implemented more than EUR 8.6 billion with food and beverages in the year, 2015. This represents a growth of 11% over the previous year and is the largest increase since 2008. Similar developments can be observed worldwide. KTG-brand "biozentrale" has benefited disproportionately. Sales increased in 2015 by almost 20% to around 54 million euros. This momentum is expected to continue in 2016th . In the first four months of this year, sales of Bio-Zentrale is already significantly higher than the same period last year.
Besides Bio is exciting trends develop three more very pleasing for us: regional , vegetarian and vegan. KTG Agrar is predestined, these consumer needs to operate and grow with them. The company produces high quality agricultural commodities and food in the heart of Europe. For non-GM soy KTG has developed a leading market position in recent years . This is the basis for vegetarian cuisine and on the world market in short supply.
KTG Agrar SE has successfully tackled, 2015 against the challenging market environment in agriculture
As a major agricultural producer KTG Agrar SE has consistently pursued in 2015 its sustainable path. The 2015 has shown how unpredictable can be the global agricultural markets and how important it is to have developed a diversified business model. 2015 was in agriculture characterized by high global harvests and thus low product prices.
Group sales increase by 92.4 million euros to 326.5 million euros
Operating profit increased by 4.4 million euros to 59.0 million euros
But it coincided in each region to significant crop losses due to drought - to mention here in particular the century-drought in Romania - and also in Germany, the harvest level was below the statistical average. Such developments are the exceptions, however, occur.
"Today's business model of KTG Agrar uniquely combines the production of quality food" From Field to Plate "with the production of renewable energy. This allows us to hedge against price fluctuations of agricultural commodities, "says Siegfried Hofreiter.
Target: Focus on healthy eating
KTG will focus even more in the future in the food sector in an attractive niche and growth markets. For KTG focus is on healthy eating at the center. This trend will shape the industry at home and abroad in the coming years and drive. This includes above all the demand for organic and vegan products. In Germany alone, the organic sector has implemented more than EUR 8.6 billion with food and beverages in the year, 2015. This represents a growth of 11% over the previous year and is the largest increase since 2008. Similar developments can be observed worldwide. KTG-brand "biozentrale" has benefited disproportionately. Sales increased in 2015 by almost 20% to around 54 million euros. This momentum is expected to continue in 2016th . In the first four months of this year, sales of Bio-Zentrale is already significantly higher than the same period last year.
Besides Bio is exciting trends develop three more very pleasing for us: regional , vegetarian and vegan. KTG Agrar is predestined, these consumer needs to operate and grow with them. The company produces high quality agricultural commodities and food in the heart of Europe. For non-GM soy KTG has developed a leading market position in recent years . This is the basis for vegetarian cuisine and on the world market in short supply.
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mistico 77
Forumer attivo
scusate ma se va abbastanza bene come mai le obbligazioni stanno crollando??
jackbond
Quisque faber fortunae suae
Forse registrano qualche difficoltà legata al settore in generale e loro in particolare in due regioni a causa delle particolari condizioni climatiche (siccità) "but it coincided in each region to significant crop losses due to drought - to mention here in particular the century-drought in Romania - and also in Germany, the harvest level was below the statistical average. Such developments are the exceptions, however, occur."
Di positivo c'è che sono sulla buona strada per rifinanziare il bond in scadenza nel 2017 con un piano che presenteranno in autunno 2016:
Siegfried Hofreiter: "In the current year the refinancing of maturing in June 2017 bond is clearly in our focus we initiated early the refinancing process and are on schedule discussions with international investors could meanwhile already by signing.
Letters of Intent are concretized . We expect from the conclusion of such transactions an attractive refinancing . " In the fall of 2016 - so good 9 months in advance due - KTG Agrar is planning to present the refinancing package .
Imho non è un calo legato a qualche fatto in particolare, l'azienda ha un business che funziona. Vediamo se, come già successo a febbraio e un mese fa quando ho incrementato, il calo sarà subito seguito da risalita. Io non incremento più perchè sono già piuttosto esposto sulla 2017 e 2019, ma credo molto in KTG
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jackbond
Quisque faber fortunae suae
Vero, ma visti i numeri molto positivi della società non penso avranno problemi a rifinanziarsi, loro stessi dicono che si aspettano un buon riscontro dai dialoghi già aperti tanto che stanno per firmare delle lettere di intenti.
Intanto i bonds sembrano stabili sui minimi già toccati di 70 circa
zoro-aster
Forumer storico
il loro business funziona bene, se non firmano il rifinanziamento avranno sempre la possibilità di allungare le scadenze . Io sono esposto e resto fiducioso
