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Arcelor Mittal Februari 2019

1.089 Posts
Pagina: «« 1 ... 35 36 37 38 39 ... 55 »» | Laatste | Omlaag ↓
  1. [verwijderd] 18 februari 2019 15:44
    quote:

    snuf 14 schreef op 18 februari 2019 15:41:

    Morgen een eurotje aftikken ,. lijkt me niet zo ver van de waarheid af.
    Ik verwacht 2 euro
  2. [verwijderd] 18 februari 2019 16:02
    www.livemint.com/industry/energy/afte...

    After Essar Steel and EPC, ArcelorMittal sets its sights on another Essar firm
    2 min read . Updated: 18 Feb 2019, 08:15 PM IST Shayan Ghosh

    ArcelorMittal has bid ?4,800 crore to acquire Essar Power's Mahan power project in Madhya Pradesh
    In comparison, Essar Group promoters had offered a one-time settlement of ?3,500 crore for the Mahan plant

    Topics
    ArcelorMittalEssar Group

    MUMBAI: Mumbai: ArcelorMittal has set its sight on yet another Essar Group asset. The global steelmaker has bid ?4,800 crore to acquire Essar Power Ltd’s Mahan power project, said a senior Power Finance Corp. (PFC) official. In comparison, Essar promoters had offered a one-time settlement (OTS) of ?3,500 crore for the Mahan plant.

    PFC chairman and managing director Rajeev Sharma said that ArcelorMittal has offered ?4 crore per megawatt for the 1,200MW project in Madhya Pradesh. The total outstanding debt of the project is about ?7,500 crore, he added. Lenders to the project include ICICI Bank Ltd, Punjab National Bank (PNB), Rural Electrification Corp. (REC) and PFC.

    “The project does not have power purchase agreements (PPA) and fuel supply agreements (FSA). We had received an offer for OTS of ?3,500 crore, but now we have received an offer from ArcelorMittal of around ?4,800 crore," said Sharma.

    Another PFC official, requesting anonymity, said ArcelorMittal had sent the proposal a couple of weeks ago. The proposal is still being examined by bankers, he said, adding that Essar’s Mahan project had become a non-performing asset (NPA) for close to a year now. PFC’s share of loans is ?1,000 crore.

    When contacted, spokespersons for ArcelorMittal and the Essar Group declined to comment on the matter.

    ArcelorMittal has bid for Essar Steel Ltd and EPC Constructions India Ltd, another Essar Group firm, under the corporate insolvency resolution process. The bid for Essar’s Mahan plant, however, is outside the purview of the National Company Law Tribunal (NCLT). The case is yet to be admitted by the tribunal, considering that the Supreme Court had issued a status quo on insolvency proceedings against power companies under the Reserve Bank of India’s (RBI) 12 February circular.

    RBI, through its 12 February circular, had asked banks to draft resolution plans for defaulters within 180 days in cases where the exposure was above ?2,000 crore.

    Subsequently, several petitioners, including GMR Energy Ltd, RattanIndia Power Ltd, Association of Power Producers (APP), Independent Power Producers Association of India, Sugar Manufacturing Association from Tamil Nadu, and a shipbuilding association from Gujarat, had moved different courts challenging the RBI circular.

    In September 2018, the Supreme Court directed that all pleas related to the 12 February circular should be transferred to it.

    While ArcelorMittal’s offer for EPC Constructions was rejected by the lenders, its bid for Essar Steel is yet to be ratified by the NCLT, owing to last-minute litigations.

    ArcelorMittal’s resolution plan for Essar Steel proposes an upfront payment of ?42,000 crore to lenders and an additional ?8,000 crore towards capital expenditure.

    On 25 October 2018, more than 92% of Essar Steel’s creditors had voted in favour of ArcelorMittal’s offer. On 30 October, the resolution professional had submitted the steel major’s resolution plan before the Ahmedabad bench of the NCLT.

    At present, power projects face several issues, including funds crunch, lack of PPAs and fuel security. The government, along with lenders, has been trying to find ways to resolve the stress in the power sector.

    A parliamentary committee on stressed and non-performing assets in the power sector said that 34 coal-fuelled power projects, with an estimated debt of ?1.77 trillion, have been identified.

    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
  3. [verwijderd] 18 februari 2019 16:08
    www.indiainfoline.com/article/news-to...
    for-essars-power-plant-119021800220_1.html

    Arcelor said to offer $672mn for Essar’s power plant

    Arcelor’s offer to lenders of the plant, which is in the midst of a debt restructuring process, compares with a Rs3,500cr one-time settlement offer made by Essar’s founders.

    February 18, 2019 14:35 IST | India Infoline News Service
    ArcelorMittal has made a non-binding offer of Rs4,800cr ($672mn) to buy Essar Power’s 1,200-MW plant in Madhya Pradesh, according to people with knowledge of the matter.

    Arcelor’s offer to lenders of the plant, which is in the midst of a debt restructuring process, compares with a Rs3,500cr one-time settlement offer made by Essar’s founders Shashi Ruia and Ravi Ruia, the people said asking not to be named, as the discussions are still private.

    Lenders have outstanding loans of Rs7,500cr on the Mahan project.

    Lenders, led by ICICI Bank, have given ArcelorMittal the permission to carry out due diligence of the asset. A firm bid from Arcelor may come only after the due diligence, the people said.

    “Now lenders have received another offer, which is significantly higher than the promoter’s offer. The offers are under evaluation and lenders expect further improvement on this offer,” Rajeev Sharma, chairman at Power Finance Corp, one of the lenders to the project, told reporters in Mumbai on Monday.

    Sharma declined to provide more details on the bids. 53% of PFC’s outstanding loans to Mahan are already provided for.

    Spokesmen for ArcelorMittal and Essar declined to comment; ICICI’s representative didn’t immediately respond to a phone call and email seeking comments.

    Source: Bloomberg

    Related Story

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  4. miniature 18 februari 2019 16:17
    in ieder geval bijna vandaag al kwartje eraf, gaat nog steeds exact zoals ik had verwacht vandaag, bij € 19,50 ga ik weer inschieten, misschien wel lager
  5. miniature 18 februari 2019 16:36
    quote:

    Pussy schreef op 18 februari 2019 15:21:

    [...]
    Dus AM gaat niet omhoog op goed nieuws van China en usa ?
    Nee AM gaat helaas niet meer omhoog op "goed nieuws "? uit China en USA, weet niet op welk goede nieuws jij doelt, maar ik kijk, vergelijk, combineer al tijden hele andere indicatoren om mijn cashflow verder elke week flink op te krikken, en zonder te noemen welke indicatoren heeft mij dat althans al heel veel geld extra opgeleverd, met slechts 2x een relatief kleine min maar dat maken de andere 14 x met dikke vette winsten meer dan super goed. Maar goed niet getreurd iedereen belegt op zijn of haar manier, en iedereen heeft zo zijn eigen rendement, net als ik en weet dat ik de komende maanden een steeds hoger rendement zal gaan behalen op de manier zoals ik het doe, en iedereen mag hier weer over vallen opmerkingen over maken, schrijven dat ik gekke henkie ben of weet niet wat men allemaal meteen aanhaalt en zich druk over maakt, i.p.v. te denken en te constateren: "he , die miniatuur is misschien toch wel iemand om eens in de gaten te houden en te kijken wat er nou echt gebeurt op de beurs als hij iets schrijft, maar oke gaat voorl lekker je eigen gang, ga af op wat al die mega lange berichten in het engels die hier gepost worden, echt allemaal lezen als je klaar bent met lezen is de koers alweer verder gedaald, ik doe het compleet anders.
  6. [verwijderd] 18 februari 2019 16:49
    quote:

    miniature schreef op 18 februari 2019 16:36:

    [...]
    Nee AM gaat helaas niet meer omhoog op "goed nieuws "? uit China en USA, weet niet op welk goede nieuws jij doelt, maar ik kijk, vergelijk, combineer al tijden hele andere indicatoren om mijn cashflow verder elke week flink op te krikken, en zonder te noemen welke indicatoren heeft mij dat althans al heel veel geld extra opgeleverd, met slechts 2x een relatief kleine min maar dat maken de andere 14 x met dikke vette winsten meer dan super goed. Maar goed niet getreurd iedereen belegt op zijn of haar manier, en iedereen heeft zo zijn eigen rendement, net als ik en weet dat ik de komende maanden een steeds hoger rendement zal gaan behalen op de manier zoals ik het doe, en iedereen mag hier weer over vallen opmerkingen over maken, schrijven dat ik gekke henkie ben of weet niet wat men allemaal meteen aanhaalt en zich druk over maakt, i.p.v. te denken en te constateren: "he , die miniatuur is misschien toch wel iemand om eens in de gaten te houden en te kijken wat er nou echt gebeurt op de beurs als hij iets schrijft, maar oke gaat voorl lekker je eigen gang, ga af op wat al die mega lange berichten in het engels die hier gepost worden, echt allemaal lezen als je klaar bent met lezen is de koers alweer verder gedaald, ik doe het compleet anders.
    Benoem eens welke indicatoren jij gebruikt of combineert , misschien zijn en leden die het wel op prijs stellen , die lange verhalen en brieven en gedichten heb ik ook niets mee , lees dit ook totaal niet .
  7. miniature 18 februari 2019 17:16
    quote:

    Pussy schreef op 18 februari 2019 16:49:

    [...]
    Benoem eens welke indicatoren jij gebruikt of combineert , misschien zijn en leden die het wel op prijs stellen , die lange verhalen en brieven en gedichten heb ik ook niets mee , lees dit ook totaal niet .
    Nee ik ga absoluut hier niet vertellen waar of welke indicatoren ik gebruik om mijn koersdoelen op vast te stellen krijg ik alleen maar weer klaagzang over me,... zo lekker kort maar krachtig ~!!
  8. Tonny_69 18 februari 2019 17:24
    Jammer,
    info delen kan ons alle helpen. Klaagzang zal wel meevallen als U eerlijk bent.
    U zit al lang in de aandelenhandel, tenminste aan Uw lidmaatschap te zien. Denk dat elk gerespecteerd lid van U iets kan leren.
  9. miniature 18 februari 2019 17:36
    afgelopen 10 dagen: van 31,- naar een schamele€ 20,30 koersdoel wat niets zegt
    14 feb Bankinter houden 20,30
    12 feb Independent Research houden 21,00
    08 feb Cfra kopen 23,00
    08 feb Deutsche Bank kopen 31,00
  10. sappas 18 februari 2019 17:40
    quote:

    miniature schreef op 18 februari 2019 17:33:

    we gaan vandaag weer heel mooi rood sluiten wat ik vanmorgen al wist,
    Geweldig hoe jij dit allemaal weet :-)

    Groetjes en fijne avond,

    Sappas
  11. [verwijderd] 18 februari 2019 17:48
    quote:

    miniature schreef op 18 februari 2019 17:33:

    we gaan vandaag weer heel mooi rood sluiten wat ik vanmorgen al wist,
    Gisteren had je het nog over 19,50!!
    0,57% in de min nou nou het is toch wat pfff
  12. Witpen 18 februari 2019 18:25
    quote:

    TKR schreef op 18 februari 2019 17:48:

    [...]
    Gisteren had je het nog over 19,50!!
    0,57% in de min nou nou het is toch wat pfff
    Laat iedereen nou in zijn waarde. Normaal denkt ongeveer de helft van de reaguurders precies het tegenovergestelde van de andere helft. Zo werkt de markt nu eenmaal. Dus dat iemand iets anders verwacht dan jij is heel normaal en goed en nodig want anders heb jij geen tegenpartij.
  13. [verwijderd] 18 februari 2019 19:47
    in.investing.com/news/stock-market-ne...

    ArcelorMittal looks to snag another piece of Essar empire

    * Steel giant bids for Essar Power's 1200 megawatt power plant

    * ArcelorMittal has already bid for steel, infra arms of Essar

    * Bid is 37 pct higher than a bid by Essar family for power plant

    By Promit Mukherjee

    MUMBAI, Feb 18 (Reuters) - ArcelorMittal SA MT.AS , the world's biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar's 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group's power portfolio.

    The bid for the power plant once again pits ArcelorMittal chief Lakshmi Mittal against the Ruia family, who are already fighting to prevent their flagship steel asset from falling into the hands of the global steel giant.

    Essar's creditors are selling many of the group's assets to recover billions of dollars of loans, leaving Essar Group with little say over who buys the assets.

    Government-owned Power Finance Corp Ltd (PFC) PWFC.NS is the lead creditor of the power plant and PFC's Chairman Rajeev Sharma disclosed ArcelorMittal's bid on Monday.

    He said that the Essar family had also made a 35 billion rupee bid for the power plant, but ArcelorMittal's bid was 37 percent higher.

    "Now we have received an offer from ArcelorMittal at 4 crore per megawatt, so 4,800 crore rupees (48 billion rupees)," Sharma told a press conference.

    Sharma said PFC has yet to decide on either offer for the asset, known as the Mahan power plant, which has debt worth 74 billion rupees.

    ArcelorMittal declined to comment on the matter and Essar was not immediately available for comment.

    If the steel giant manages to clinch the deal for the Mahan plant, it would be yet another blow to the Ruia family's attempt to renegotiate debt settlements and retain control of their assets.

    ArcelorMittal has already been picked as the preferred bidder for Essar Group's flagship 10 million tonne steel plant in the western Indian state of Gujarat and is also the sole bidder for Essar's infrastructure arm EPC Constructions, formerly called Essar Projects.

    The Ruias and ArcelorMittal are still locked in a legal wrangle over the fate of the steel asset. A final court decision in that matter is expected soon.

    Essar Power, a subsidiary of the Essar Group, spent 80 billion rupees to build the plant, which began operation early last year and currently accounts for 50 percent of Essar Group's power generation. ($1 = 71.3800 Indian rupees)
  14. 5&60+ 19 februari 2019 01:22
    quote:

    tukker51 schreef op 17 februari 2019 22:26:

    [...]
    Ik snap er niks van.
    Ik had 20 putopties geschreven die vrijdag afliepen MT 20,20
    Slotkoers 20,15.
    Had dus verwacht 2000 aandelen MT te kopen voor 20,20 maar heb er slechts 700 gekregen (om 22.00 uur 's avonds).
    Zou dat komen omdat in de VS de koers sloot op ongeveer € 20,40 en de koper van de putopties zijn recht om aan mij te verkopen voor 20,15 niet heeft uitgeoefend?

    Kan natuurlijk 2 kanten op: daalt de koers morgen dan ben ik er blij mee en anders niet. Afwachten.

    Bedenk ook dat AM nog 8,5 cent hoger stond om 17h29 , voor de slotveiling op 20,15 €

    heel vroeger :-) als ik me niet vergis , met een long-optie-positie ,
    kon je (als particulier ) assignen tot 10 uur zaterdag , dan pakte je de info USA mee .
    Ik dacht na enig leeswerk tijdje terug dat dat echt niet meer kon , voor niemand .
    Assignen aanvragen bij je brooker moet voor 17h30 a 17h40 op de expiratie vrijdag .
    (aandelen opties amerikaanse stijl )

    Vergeet je dat ?
    -1- brooker A assigned dan voor jou , onder bepaalde voorwaarden
    -2- brooker B assigned alles wat maar 1 cent in het geld staat
    -4- brooker C doet waar die zelf zin in heeft
    -3- brooker D doet niets (meer)

    Er zou recent ook verandering in regels zijn dat brookers opties bij hun gehouden
    niet meer mogen assignen ,
    (als meestentijds schrijver vind ik dat prima waar bemoeiden ze zich mee !!,
    oh ja 25 tot 50 % pakken van verschil , waar ze eerlijk is eerlijk ook risico mee liepen )

    Dan is er nog de kwestie van snelheid afhandeling ,
    assignment kan op tijd gedaan zijn maar je brooker is ""sloom "" ,
    heeft een storing of ander belang om te wachten met vereffenen .
    Maakte mee dat van dezelfde optieserie (voor die keer dat ik er meer dan 1 had )
    er om vrijdag 18h30 al een deel geassigened en verrekend was zichtbaar in de portefeuille ,
    terwijl het resterende deel pas Zaterdag of Zondag kwam .

    Hoe liep het af ?
    je had in iedergeval kunnen verkopen vandaag boven en inslaan onder de 20,20 .
  15. Service 19 februari 2019 08:21

    Cijfers BHP goed

    BHP zette in de zes maanden tot en met december een winst in de boeken van 3,8 miljard dollar. Dat was een jaar eerder nog zo'n 2 miljard dollar. Die winst viel toen lager uit door kosten die moesten worden gemaakt in de nasleep van de Samarco-ramp. De omzet van het mijnbouwbedrijf bleef ongeveer gelijk op zo'n 22 miljard dollar.
  16. Bache 19 februari 2019 08:23
    Feb 18, 2019, 10:08pm
    Bonus Profits And Higher Share Prices For Australian Iron Ore Miners As Brazil's Woes Drag On
    Tim Treadgold
    Tim Treadgold
    Contributor


    Rescue workers meet to coordinate their efforts the day after the collapse of a dam at an iron ore mine belonging to Brazilian mining giant Vale in Brumadinho, in the southeastern Brazilian state ofMinas Gerias on January 26, 2019. (Photo: Pedro Vilela/Getty Images)

    Brazil's iron ore mining crisis triggered by the deaths of more than 200 people in two dam collapses over the past three years has led to a dramatic increase in profit and share-price forecasts for mining rivals, especially those in Australia.

    The loss of production from a number of iron ore projects operated by Brazil's national mining champion, Vale, has delivered a short-term boost to the price of the steel-making material with a number of analysts forecasting that the increase could last longer than some investors expect.

    What could extend the problem into next year is the potential for mines other than those already suspended to be mothballed while all tailings dams, which hold the residue from processing iron ore, are subjected to close safety inspections.

    88 Dams To Be Fixed

    Credit Suisse, an investment bank, said in a research note last last week that there are 88 mine-tailings dams which "will be required to be removed or strengthened".

    "A time-frame has not been released (for the inspections) but we expect it to be rapid.

    "Two villages with nearby upstream tailings dams were evacuated last weekend on worries about stability."

    YOU MAY ALSO LIKE
    The crisis in Brazil started in late 2015 when two tailings dams collapsed near the township of Bento Rodrigues killing 19 people. It worsened dramatically late last month when another tailings dam collapsed inundating the town of Brumadinho, killing an estimated 200 people.

    8 Vale Staff Arrested

    The reaction from the Brazilian Government so far includes the arrest of eight Vale employees responsible for mine and dam safety, a ban on the construction of new upstream dams and the decommissioning of all existing dams over the next two years.

    The volume of lost iron ore production is not great, estimated at around 63 million tons from a global market of seaborne ore of more than one billion tons.

    More significant is the threat of long-term disruption to Brazil's iron ore industry which is why the benchmark price of the material has risen by 20% over the past month to trade last week at more than $90 a tonne, before settling earlier today at $88/t.

    Forecasts for the rest of the year range from $70/t from the London-based investment bank Liberum to $77/t by Macquarie, an Australian bank.

    Vale Shares Down 17%

    In the days immediately after the Brumadinho disaster Vale shares fell by 25% on the New York Stock Exchange, but have since recovered a little lost ground to be trading at $12.33, down 17% on the price before the dam collapse.

    On the other side of the world, Australian iron ore miners have received a significant boost from the higher ore price and the prospect of a long-term shortfall in Brazilian supply.

    Fortescue Metals Group, a pure-play iron ore miner, has seen its share price rise by 33% to $4.50. Rio Tinto, a diversified miner with a big iron ore division, is up 16% to $65.80, and BHP, another broadly diversified, is up 14% to $26.40.

    Macquarie reckons the higher iron ore price will boost Fortescue's earnings in the current calendar year by 40%, Rio Tinto's earnings by 32% and BHP's earnings by 21%, with a corresponding increase in the share price targets for each company.

    Higher Share Prices For Australian Miners

    From an investment perspective the share-price forecasts are possibly more interesting with BHP said by Macquarie to be heading for $29.10 (A$41 on the Australian stock market), Rio Tinto has a price target of $75.25 (A$106), while Fortescue's target is $5.32 (A$7.50), with all of those price forecasts representing multi-year highs.

    Freight wagons filled with iron ore arrive at an unloading facility at Fortescue Metals Group Ltd.'s operations in Port Hedland, Australia. Photographer: Brendon Thorne/Bloomberg© 2016 BLOOMBERG FINANCE LP

    It could be even better if Brazil's problems persist.

    "There are material upside risks to our base case forecasts under a spot-price scenario despite the upgrades to our forecasts," Macquarie said.

    Chinese Buyers Sidelined

    Two factors, other than Brazil's production decline, will influence the iron ore market over the next 12-to-24 months -- the inability of big Australian miners to quickly increase production because they are already operating at capacity, and the expected return of Chinese buyers to the market after a period on the sidelines.

    Macquarie said the usual re-stocking of raw material after Chinese New Year had not occurred, yet.

    "Right now steel mills are watching the price because it's too volatile for them to risk buying," the bank said.

    "Our China analyst says China's return from the extended New Year holidays after the Lantern Festival is next Tuesday (today). We expect this will trigger the pre-Spring re-stock and a price lift."
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