Obbligazioni SAIPEM (5 lettori)
- Creatore Discussione sandrino
- Data di Inizio
Wallygo
Forumer storico
clamorosa svista.. il bond è senior non è subordinatoSaipem, l'aumento è monstre, Banca Akros dimezza il target price a 0,9
Il bond da 500 milioni con scadenza ad aprile riprende fiato questa mattina sull'indiscrezione che le banche stanno dialogando con la società per un prestito ponte, a patto però che Eni e Cdp assicurino almeno 1 miliardo dell'aumento. Il tema dell'ampio flottante e delle agenzie di rating
di Elena Dal Maso10/02/2022 12:30
tempo di lettura 3 min
- Corporate Italia
- Saipem, l'aumento è monstre, Banca Akros dimezza il target price a 0,9
Saipem cerca di rialzare la testa, oggi, il titolo sale dello 0,27% a 1,13 euro per 1,14 miliardi di capitalizzazione dopo aver perso oltre il 40% da inizio anno. Nel frattempo, il Ftse Mib è positivo per lo 0,6%. Il gruppo energetico, che ha lanciato il terzo profit warning a fine gennaio con conseguente aumento di capitale, deve risolvere il tema del bondsubordinatocon scadenza il 5 aprile da 500 milioni di euro prima di organizzare il rafforzamento da almeno 1,5 miliardi dopo quello da 3,5 miliardi annunciato a dicembre 2015. L'emissione, che nei giorni scorsi ha visto il rendimento annualizzato balzare al 117%, oggi inizia a respirare e tratta ad un prezzo di 95 per un rendimento del 40%. Il 23 febbraio saranno pubblicati i conti relativi al 2021.
....................................
russiabond
Contadino della finanza
Aggiungo cinicamente che a noi poi come vada in futuro frega na cippa... Si sfrutta il moral hazard
Ci fanno gainare e si manda a fank...
Dovessimo innamorarci ogni volta che prestiamo soldi saremmo veramente perduti...
Ci fot.. terebbero tutti c'è sempre una buona scusa per cercare di presentare il conto...
Avidi e veloci e mai innamorarci...
Altrimenti ci mungono loro
È esattamente come con le donne... Quando ti innamori sei già cucinato, hanno vinto loro...
Distaccati freddi e spietati... La legge della giungla
Ci fanno gainare e si manda a fank...
Dovessimo innamorarci ogni volta che prestiamo soldi saremmo veramente perduti...
Ci fot.. terebbero tutti c'è sempre una buona scusa per cercare di presentare il conto...
Avidi e veloci e mai innamorarci...
Altrimenti ci mungono loro
È esattamente come con le donne... Quando ti innamori sei già cucinato, hanno vinto loro...
Distaccati freddi e spietati... La legge della giungla
piasintein
Forumer attivo
ma quello era un travone thai ...altro che donna
russiabond
Contadino della finanza
russiabond
Contadino della finanza
Italy's Saipem does not face liquidity risk in short term, S&P says
10/02/2022 20:54 RSF
By Stephen Jewkes and Francesca Landini
MILAN, Feb 10 (Reuters) - Italy's Saipem (SPM.MI) does not face a liquidity crunch for now and should meet an April bond repayment deadline, ratingsagency S&P said, as it races to come up with a rescue plan.
The energy services group shocked investors last week when it warned it would report a 2021 loss of over one-third of its equity, forcing it to come up with measures to plug the gap.
It blamed 1 billion euros ($1.15 billion) of cost overruns at projects, including an offshore wind farm in Scotland and onshore engineering and construction contracts.
"We believe they will repay or refinance the 500 million euro bond (expiring April 5),.. It won't create a credit crunch," S&P analyst Edouard Okasmaa told Reuters in a phone interview.
After the profit warning, S&P downgraded the company to 'BB-' from 'BB' and warned it could cut further in the coming 90 days.
At the end of September, Saipem had 2 billion euros of liquidity of which 700 million were immediately available.
Sources said the company was auditing its order backlog to see if there were any more troublesome contracts like the wind farm.
"We understand there are no big cost overruns of this magnitude in other projects... but we want to understand if there are additional negative developments," Okasmaa said.
Saipem's profit warning also sent its bonds tumbling, spooking investors with money tied up in five notes totalling 2.5 billion euros, with a first 500 million euro note maturing on April 5.
Saipem, controlled by energy group Eni and state lender CDP, also has a revolving credit facility worth 1 billion euros, undrawn end-September, as well as various bank loans.
The group said last week that, given the size of the losses, banks could ask for early repayment of loans unless specific waivers were granted.
"We understand there are some waivers that were granted by the banks at the end of the year. Those waivers need to be given again at some point in 2022," Okasmaa said.
Saipem's losses from the overruns mean that, for the full year, the company is likely to breach loan covenants with banks that net debt should not exceed 3.5 times core earnings.
Okasmaa says the company was likely to remain above that metric at the end of 2022, though that depended on what support it got from its core shareholders.
Saipem is talking to Eni and CDP on a financing package that sources said could include a capital increase of more than 1 billion euros.
"We continue to assume the shareholders will be supportive," Okasmaa said.
Eni has 30.5% of Saipem while CDP owns 12.55%.
($1 = 0.8732 euros)
($1 = 0.8729 euros)
(Reporting by Francesca Landini and Stephen Jewkes; editing by John Stonestreet)
(([email protected]; +39 02 66129437; Reuters Messaging: [email protected]))
10/02/2022 20:54 RSF
By Stephen Jewkes and Francesca Landini
MILAN, Feb 10 (Reuters) - Italy's Saipem (SPM.MI) does not face a liquidity crunch for now and should meet an April bond repayment deadline, ratingsagency S&P said, as it races to come up with a rescue plan.
The energy services group shocked investors last week when it warned it would report a 2021 loss of over one-third of its equity, forcing it to come up with measures to plug the gap.
It blamed 1 billion euros ($1.15 billion) of cost overruns at projects, including an offshore wind farm in Scotland and onshore engineering and construction contracts.
"We believe they will repay or refinance the 500 million euro bond (expiring April 5),.. It won't create a credit crunch," S&P analyst Edouard Okasmaa told Reuters in a phone interview.
After the profit warning, S&P downgraded the company to 'BB-' from 'BB' and warned it could cut further in the coming 90 days.
At the end of September, Saipem had 2 billion euros of liquidity of which 700 million were immediately available.
Sources said the company was auditing its order backlog to see if there were any more troublesome contracts like the wind farm.
"We understand there are no big cost overruns of this magnitude in other projects... but we want to understand if there are additional negative developments," Okasmaa said.
Saipem's profit warning also sent its bonds tumbling, spooking investors with money tied up in five notes totalling 2.5 billion euros, with a first 500 million euro note maturing on April 5.
Saipem, controlled by energy group Eni and state lender CDP, also has a revolving credit facility worth 1 billion euros, undrawn end-September, as well as various bank loans.
The group said last week that, given the size of the losses, banks could ask for early repayment of loans unless specific waivers were granted.
"We understand there are some waivers that were granted by the banks at the end of the year. Those waivers need to be given again at some point in 2022," Okasmaa said.
Saipem's losses from the overruns mean that, for the full year, the company is likely to breach loan covenants with banks that net debt should not exceed 3.5 times core earnings.
Okasmaa says the company was likely to remain above that metric at the end of 2022, though that depended on what support it got from its core shareholders.
Saipem is talking to Eni and CDP on a financing package that sources said could include a capital increase of more than 1 billion euros.
"We continue to assume the shareholders will be supportive," Okasmaa said.
Eni has 30.5% of Saipem while CDP owns 12.55%.
($1 = 0.8732 euros)
($1 = 0.8729 euros)
(Reporting by Francesca Landini and Stephen Jewkes; editing by John Stonestreet)
(([email protected]; +39 02 66129437; Reuters Messaging: [email protected]))
Wallygo
Forumer storico
in evidenza la parte che interessa di più quelli che, come me, sono sul corto
piasintein
Forumer attivo
No
Un bucone
Ma a me appassionano le mogli porche
lucio con 4 milioni in thai prenditi almeno una figa o un ladyboy ( se sei omo/bisex) carino ....quello/quella 60enne sembrava la trans Patrizia di Lapo, in versione thai...
Se prendi quell'appartamento da 4mln che ti mostrato a Bissone....poi vieni all'Oceano e, se ti rimane qualche franco, almeno trovi roba top
frmaoro
il Fankazzista
piasintein
Forumer attivo
dovevi vendere le 2022 a 94 e girarle sulle 28 a 77
6 figure ( 22 a 100) contro 13 figure (28 a 90)