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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Essar Energy | ESSR | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
69.50 | 69.50 |
Top Posts |
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Posted at 21/2/2014 09:43 by undervaluedassets In 2010 this company sold a watch to the British Investor for £4.00Now they are offering to buy that watch back for 70p. There is value here and the potential purchaser (the previous seller note) knows it ... why? Cos it is the Same watch - their watch - A watch they know! . In fact in many ways it is not the same watch it is a better watch than 4 years ago. . . .Although not yet profitable the turnover of ESSR has more than doubled in the 4 years since listing. No wonder they want it back for 70p! |
Posted at 18/2/2014 08:24 by skater Another mugging of PIs by overseas companies listed on London exchange.ENRC first now ESSR, who's next? Why do the authorities allow such unstable/dodgy firms to list.... wait I know - the ecking greedy grubby LSE hierarchy that's who! |
Posted at 17/2/2014 07:43 by bulltradept Any firm dealing with India needs to be careful and as for ESSR, good riddance to bad rubbish. |
Posted at 10/12/2013 11:13 by hvs ESSR : ON verge of break out !LOL !!!!! LOL!!!!!!!!!!!! |
Posted at 25/11/2013 10:34 by bobsidian You would have thought that the management of ESSR would have been more proactive in hedging currency exposure to limit the financial impact of a seriously deteriorated Rupee. |
Posted at 25/11/2013 10:20 by bobsidian Note 10 makes for alarming reading. ESSR are already seeking the waiver of debt covenants whilst also being committed to yet further capital expenditure over the course of the next couple of years even after the deferral of significant capital commitments. And in the midst of this the margins of profitability on its gigantic turnover appear wafer thin relative to needs.It will be interesting to see just how ESSR extricates itself from such financial jeopardy. As hvs suggests, how did such an entity receive the go ahead to list on the LSE ? |
Posted at 21/11/2013 09:55 by salpara111 There is absolutely no chance of them paying a divi in the next 18 months.They struggle just to service their debt mountain. There is little intrinsic value in the equity of this business someone just went out and acquired a bag of assets on the back of a mountain of debt...that is not a business it is just a mechanism for a small number of people to acquire large salaries. This is a trading stock and clearly this level normally sees support but I have little confidence as the support has no fundamentals behind it. |
Posted at 20/11/2013 18:25 by sparky333 Look at broker forecasts eps 11p for 2014 and 2014 half year next week 25th I think.4. Strong buys and 2 hold recommendations. Looks very tempting at these levels if they hit the numbers for h2 and half year for 2014. Look up essar on digital look 2015 eps 20p and maiden dividend |
Posted at 06/11/2013 11:26 by salpara111 I remember when this pile of junk came to market and Goldmans were setting price targets above £6.....I have learnt to never pay any attention to the supposed experts who always have their own hidden agendas.This is a high risk company in that it needs to generate significant cash flow just to service its epic debt levels but there is no chance of a high reward and no divi so why would you ever get involved. I have traded them in the past which is the only way to approach them. They are not an investment. |
Posted at 15/3/2013 16:16 by tenapen Nomura upgraded shares of Essar Energy (LON: ESSR) to a buy rating in a research report sent to investors on Wednesday morning. The firm currently has $2.69 (180 GBX) price target on the stock.Cont... |
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