Obbligazioni in default Obbligazioni SEAT PAGINE GIALLE 10,50% 2017

[fenox]

Scusa chi sottoscriverebbe questo adc? Un nuovo azionista?

non ne ho idea ma potrebbe essere un investitore privato del settore o un istituzione finanziaria o entrambi

 

[fenox]

Questo e' uno dei default piu' bizarri che abbia mai visto. Vorrei vedere i risultati al 31 Dec 12.

E' possibile che l'EBITDA sia crollato all'improvviso?

La partecipazione Telegate dove e' finita?

Se ho capito azzerano il capitale e danno ai bondholder e banche X di capitale e ristruttureano il nuovo bond/credito bancario con nominale di 100-X. Qualcuno puo' confermare?

non è un default ma un concordato in conttinuità che è soatanzialmente diverso

 

[qquebec]

non è un default ma un concordato in conttinuità che è soatanzialmente diverso

Forse volevi dire "non è un fallimento ma un concordato", però il bond è andato in Default con tanto di D maiuscola

 

[fenox]

Forse volevi dire "non è un fallimento ma un concordato", però il bond è andato in Default con tanto di D maiuscola

..un concordato in CONTNUITA', l'inadempienza sul bond è un altra cosa rispetto alla situazione societaria. E' importante distinguere tra le categorie dei ratings e lo stato giuridico dell'impresa.

 

[capt.harlock]

non sembra si scenda anche oggi
ask 29,5/30
bid 29

 

[Cat XL]

PagesJaunes

Vorrei confrontare i numeri di Seat PG con PJ


Today, PagesJaunes, the French Yellow Pages, released its full year results which it said were in line with company’s expectations. Full year revenue came in at €1.1bn representing a decline of 3.2% over 2011. Revenues generated by its internet services were up 8.3% to €623m and accounted for 58.4% of the total. Revenues from the Printed directory business were down by 15.1% to €188m in 2012. Gross operating profit was down by 4.8% to €465m and represented gross profit margin of 43.6%. Net income was down by 17.3% to €159m after €136m in interest expense and €112m of taxes were paid. The Group’s net cash flow declined by -6.3% to €185.0m in 2012 and cash and cash equivalents stood at €91.9m. Net debt amounted to €1.74bn at the end of 2012, down €173m compared to the end of 2011. According to the report, the group had 7% headroom for its financial leverage covenant, which is set at 3.71x and 33% on its interest coverage ratio which is set at 4x.
The group has successfully refinanced 97% of debt over the last 18 months and maturities now range from Nov-13 revolving facility to 2018 for its Senior Secured Notes.
The company confirmed its commitment to suspend dividend payouts until its net debt reaches a level corresponding to 3x EBITDA. Company expects a further decrease in total revenues in 2013 of 3%-5% due to slowdown in advertising market and but expects internet revenues to grow and contribute 65% of the total.

 

[qquebec]

Vorrei confrontare i numeri di Seat PG con PJ


Today, PagesJaunes, the French Yellow Pages, released its full year results which it said were in line with company’s expectations. Full year revenue came in at €1.1bn representing a decline of 3.2% over 2011. Revenues generated by its internet services were up 8.3% to €623m and accounted for 58.4% of the total. Revenues from the Printed directory business were down by 15.1% to €188m in 2012. Gross operating profit was down by 4.8% to €465m and represented gross profit margin of 43.6%. Net income was down by 17.3% to €159m after €136m in interest expense and €112m of taxes were paid. The Group’s net cash flow declined by -6.3% to €185.0m in 2012 and cash and cash equivalents stood at €91.9m. Net debt amounted to €1.74bn at the end of 2012, down €173m compared to the end of 2011. According to the report, the group had 7% headroom for its financial leverage covenant, which is set at 3.71x and 33% on its interest coverage ratio which is set at 4x.
The group has successfully refinanced 97% of debt over the last 18 months and maturities now range from Nov-13 revolving facility to 2018 for its Senior Secured Notes.
The company confirmed its commitment to suspend dividend payouts until its net debt reaches a level corresponding to 3x EBITDA. Company expects a further decrease in total revenues in 2013 of 3%-5% due to slowdown in advertising market and but expects internet revenues to grow and contribute 65% of the total.

Se ne era parlato qui a dicembre http://www.investireoggi.it/obbliga...iane-e-francesi-a-confronto-il-gap-e-internet

 

[amorgos34]

Forse volevi dire "non è un fallimento ma un concordato", però il bond è andato in Default con tanto di D maiuscola

Ma la D è un "atto dovuto" ....

Venduto un lotto a 29 (per avere minus)

 

[fenox]

Ma la D è un "atto dovuto" ....

Venduto un lotto a 29 (per avere minus)[/QUOTE

ti risulta la lettera a 29.80?

 

[fabriziof]

ma la causa dei piccoi azionisti che fine ha fatto?