Essar Energy Share Discussion Threads

[brucie5] 25/6/2012 10:40

Very good ninja. Why 14p, why not, err, 2p?

Forwood, 'a good investment but not yet' may be a sound enough reading. The chart continues to suggest we're bumping along the bottom.

Have you got a link for the ST article?

[ninja 19] 25/6/2012 10:34

This company is highly overgeared with a massive debt mountain, and we are talking about India here, one of most corrupt governance in the world

There's a credit crunch about to take place in India, as Rupee is sinking rapidly against dollar.

The bonds repayment are getting really expensive for them.

Low float



My target is 14p.

[forwood] 25/6/2012 10:31

These results are not good - particularly:

- the deterioration of the rupeee v the dollar impacting profits (continuing)
- continuing uncertainty over the repayment schedule for the sales tax
- lack of certainty over refinancing necessary to deal with sales tax fall out
- continuing delays to regulatory approvals.

The low price of oil currently is bound to affect profitability going forward. On the positive side, they seem to be making good progress on development projects. But the overall message to me is that this is going to be a long haul and there is a risk that sharegholders will be tapped for more funds to deal with lack of profits to offset the debt.

The Sunday Times article yesterday was bullish. IMO, that is premature. At some point this will be a good investment but not yet.

[hvs] 25/6/2012 08:57

Watch out.

Debt is balloning and profits are slipping, sooner or later there will HAVE TO
BE A RE_FINANACING. Equity holders WATCH OUT.

BofAM anal ysts sold investors down the Indus.

[noon] 25/6/2012 08:05

i want to sell it at around 130p or so to buy GLEN.
WATCHING

[lennonsalive] 25/6/2012 08:03

net debt increases

[noon] 25/6/2012 08:00

Essar Energy gets clearance for Mahan coal block.

Lloyds Banking Group has raised stake in Essar Energy to 7.14%

[noon] 22/6/2012 14:50

"some losses there"........." big losses there".

Too hot to handle.
I am in at 128p, so me not worried, will be happy to sell at 145p or even less or when other opportunities available.

[badmumba] 22/6/2012 14:23

hvs ,i bought in cheap when it crashed so no problem for me ,although i should have taken my profit at 160 .

[hvs] 22/6/2012 14:19

And so how many years was it for Essar ?

[noon] 22/6/2012 11:28

some losses there but

RBS has lost 95% of its value in 5 years, Aviva 63%, BRITISH Airways 63%, Hammerson 53%, Marks 48%, BT 35%.........to name few in different sectors.

Best being RDSB, UP 6%.


JP Morgan has 175p target.

[hvs] 22/6/2012 11:20

lol !!!!!

Could it be cause Desis are in charge ?

Do you know the listing price ? Desis and corporate governance just donot mix.

[badmumba] 22/6/2012 11:15

This is holding up quite well in the recent bad market.

[brucie5] 19/6/2012 10:58

Forwood, you may be right, but I've taken my first nibble this morning, and may build further if results are decent. I'm attracted mainly by the bottom formed since March. The downtrend has been very powerful and extended on this one, from almost 600 from its flotation in 2010. So my hunch is that when it reverses, we may see some good upside. (And yes, I have read the posts here too.) NAI.

[forwood] 18/6/2012 18:48

Results due in a week's time. Looking at the last set and decline in share price I'm not expecting these to be good and will leave until after.

[turborock] 15/6/2012 09:10

Decent news. Share price is even reacting in a positive way. Whatever next?

[badmumba] 14/6/2012 12:17

I agree forwood.

[forwood] 08/6/2012 19:22

Steady stream of good news but a continued decline in the share price This is going to jump again soon.

[stockley] 31/5/2012 16:16

they are kali kashi wala ...bandits in india wearing only undpants colour black , dab themselves oil, hide behind a bush before the jump on someone to rob...very coomon a perticular state

[lennonsalive] 31/5/2012 13:33

A lot of corruption, not really worth investing in stocks in Africa and Asia.

[hvs] 31/5/2012 13:21

Two more Desis caught fiddling at Addidas India.

They must be centipides as they diverted £ 100 mill of stock.

Looks like Desis and Corporate governance just donot mix.

Is they all Dacoites ?

[flyingbull] 31/5/2012 07:25

The monthly oil stock competition for June is now open. Deadline for entries is today at midnight 31 May 2012.

Good luck.
fb

[tez123] 30/5/2012 21:22

Where Sotheby's