Essar Energy Share Discussion Threads

[arsene5] 02/4/2012 07:50

Woozle

You'd best ask your broker.

I was wrong above; coupon is 4.25 % and price is 65-68 and the yield to maturity on the offer is about 16%.

Still a lot better than the building society imo.

[abbeyman] 30/3/2012 21:28

Note from the above RNS 81,540,660 shares (6.256%) are under the control of Scottish Widows Investment
Partnership Ltd, a wholly owned subsidiary of Scottish Widows Investment
Partnership Group Ltd, a wholly owned subsidiary of Scottish Widows Group
Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned
subsidiary of Lloyds Banking Group plc.

[arsene5] 30/3/2012 19:04

You could buy the convertible bond.

Matures in 2016, pays an annual coupon of 4.5%, matures at 100, yields nearly 20%.

imo.

[mustau] 30/3/2012 18:40

Good news, should easily double from here.

[apps2] 29/3/2012 10:25

I take it as the RNS is a good news for the stock. But the price dropped down to 148 a moment ago. I have bought some already, but I would buy more at this low price if I had a deep pocket. Just as I'm writing - back on 150.20p.

[woozle1] 28/3/2012 15:48

I've read quite a bit of broker research and none ever look at the balance sheet. It trades at a discount to net assets. That is to say if they sold all the assets and paid off all the liabilities, the shares would be worth more than the current price. And the assets are all very real: power stations and refineries in key EM markets that have stacks of strategic value. Moreover, nearly all are focussed on near term issues like the tax (which gets sorted as Gujarat needs Essar as much as vice versa), debt (all the banks are Indian and if they took down Essar, they'd take down the Indian banking system down) and coal licences (coal prices are falling world wide and they'll get the mining licenses eventually).

W

[mustau] 28/3/2012 10:37

It was Nomura.

[apps2] 28/3/2012 10:33

Amazing stuff! mustau, could you drop in the link to the downgrade/broker please? I don't seem to locate it anywhere. Thanks.

[mustau] 28/3/2012 09:38

Downgrade yesterday price target 1.80, not that I trust these brokers. Feel the tax issues will be sorted with Guji Gov, Essar are imbedded in Gujrat in a big way.

[apps2] 28/3/2012 09:08

Sorry hatter2, I was just looking at the trend on the day while biting my nail as I had already sold mine and monitoring the progress. It's down today - sitting at 154.30. I cleared my desk fearing that the US might drop the big hammer on India any time soon for continuing to import the Iranian Crude, and also the prospect of Gujarat government's debt having to be paid by the end of this month, I think. Still monitoring, but all the best to those who still hold.

[hatter2] 27/3/2012 18:46

Apps2, what a super post (682): care to tell us why the price is going to increase. I for one wish it would but wishing is not enough!

[apps2] 27/3/2012 07:56

ESSR going north guys - target 165p?

[katie priceless] 26/3/2012 21:10

Stavros

ok , thank's

[stavros28] 25/3/2012 09:45

No Katie don't know that software.

This software is easy to interpret but has features that make it very sensitive to stocks outperforming the FTSE. It has a built in Relative Strength Oscillator and other features that make it different from standard technical analysis .
If you want a couple of free charts in the future mail me.

My mail is on Flickr.

Stavros options bull

[hvs] 24/3/2012 15:00

Have a curry.

Its all in the FAMILY.

[katie priceless] 24/3/2012 14:06

Stavros28

When I use to go onto the sharecrazy bb , must be about 5 years ago now there was a poster called The Dane who had designed software for trading and was about to market it , it was very simple if i remember it just had two lines 1 red 1 blue when the share price went above blue you sold and bought below red, that was the main jest of it. Did you ever come across him ?

[stavros28] 24/3/2012 11:42

Hi Apps2

This software I use is not available on the market it was a one off developed by a trader/programmer. As you can see its very good hence the reason its not for sale.
If you want some free signals mail me my addy is on Flicker will send some past signals give you an idea how it works with a brief explanation. Its very easy to understand.



Stavros

[woozle1] 24/3/2012 10:36

I was looking at recent broker notes. When the /sp was around £1 the notes advised to wait until the situation had clarified. Now that share price has risen to 1.50, the advise is to buy but noting has changed. It just goes to show how share price movements justify prices and not the business.
W

[apps2] 23/3/2012 23:26

Hi Stavros28,

What software are you using to pick of these market news? Plus would you recommend any software for good alerts etc.? Many thanks.

[noon] 23/3/2012 16:27

thanks.
together we crack it.

[stavros28] 23/3/2012 16:26

If some thing comes up on the software will post on flickr just check it or mail me will post , mail addy is on flick.

Stavros

[noon] 23/3/2012 16:25

thanks jaws.
will have a fresh look nest week.