Essar Energy Share Discussion Threads

[hvs] 30/1/2013 14:45

lol !!!!

Essar rerate from where ????

INDIAN DACOITES at the door.

Good luck all dacoites.

[atino] 30/1/2013 14:38

Good luck understanding this!

[penycae] 28/1/2013 10:31

Ssssshhhhhh........

[muffinhead] 17/1/2013 20:00

Essar oil chart link in the header above

Essar energy chart suggests buy with stop at 115, reevaluate at 140 ...just a stage 1 base forming but most of selling seems to be done. ? market perform or outperform

looks like a fund raising has been priced in

[tenapen] 16/1/2013 06:33

Many Thanks Rioconnection.

[rioconnection] 15/1/2013 22:03

I Do...though you didn't ask me.

They are indicative of the new phase Essar has now entered as the main portion of capital investment is in the past. The dividends are beginning to filter through to the bottom line as the debt restructuring and tax repayment accord register in investors minds, this stock should rerate....and fast.

Or at least that was how I viewed things developing and it is the reason I have been accumulating a fair sized position over the last few weeks and months.

Watch this space.

[tenapen] 15/1/2013 18:20

Hi Fangorn,
Do you have any thoughts on the results ?.

Thanks for any reply, and no problem if not.

[fangorn2] 15/1/2013 11:03

Essar Oil Ltd: Financial results for Q3 2012-13

January 15 2013: The release linked to this announcement was issued today by Essar Oil Limited to the Bombay Stock Exchange and the National Stock Exchange of India.

Essar Energy plc owns 87.09% of Essar Oil Limited.

Click on, or paste the following link into your web browser, to view the associated PDF document.

[brucie5] 27/11/2012 09:49

Can't see any coverage anywhere, least of all on this bb...

This is from d.look:

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-13 15,469.78 124.61 5.22p 24.3 0.1 +227% n/a 0.0%
31-Mar-14 16,131.50 299.69 13.47p 9.4 0.1 +158% n/a 0.0%

The growth numbers look impressive. Question is, can they get down to the bottom line.

Chart looks like its bottomed, but is in no hurry to turn round. That could of course change - either way!

[hvs] 26/11/2012 16:01

Goondas everywhere.

Thats India PLC

[brucie5] 26/11/2012 13:48

RNS Number : 9603R
Essar Energy plc
26 November 2012
26 November 2012
ESSAR ENERGY INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2012
RESULTS FOR SIX MONTHS TO 30 SEPTEMBER 2012:
-- Group revenue up 97% to US$12.8bn (six months to 30 June 2011(1) : US$6.5bn), primarily due to higher refining revenues in India from higher capacity and revenue due to the acquisition of Stanlow, UK
-- Group Current Price (CP) EBITDA(2) of US$582.6 million in H1 FY13 (six months to 30 June 2011: US$198.6m), up 193% on H1 FY12(1) , driven by increased refinery margins and throughput at Vadinar refinery and the contribution from Stanlow refinery offset by lower operational EBITDA(2) from power
-- Loss before tax and loss after tax of US$282.8 million and US$200.8 million, respectively (six months to 30 June 2011: Profit of US$278.5 million and US$206.2 million, respectively), with increased operational EBITDA(2) being offset by higher interest costs and depreciation due to the commissioning of the Vadinar refinery phase 1 and optimisation projects and Salaya I, increased foreign exchange losses and sales tax benefit not available in the current period
OIL AND GAS: Strong margin uplift at Vadinar and Stanlow
-- Vadinar: All refinery expansion units ramped up and stabilised: 20mmtpa capacity, 11.8 complexity
-- Vadinar: Current Price Gross Refinery Margins (CP GRM) averaged US$6.41/bbl in H1 FY13 against US$4.75/bbl (excluding sales tax benefit) in H1 FY12, rising to nearly US$11/bbl in September 2012
-- Stanlow: CP GRM averaged US$8.03/bbl in H1 FY13 against US$3.1/bbl in first eight months of ownership. CP EBITDA(2) at US$197.2 million in H1 FY13 against US$22.2 million in first eight months of ownership. Initiatives continue to deliver over US$3/bbl margin uplift within the next two years
POWER: Power generation capacity more than doubled since April 2012
-- Coal-fired projects commissioned: Salaya I, 1,200MW and Vadinar P2 unit 1, 255MW during H1 FY13; Vadinar P2 unit 2, 255MW, commissioned post period-end. 3,310MW is now operational
-- Mahan coal block given stage 1 forest clearance, giving long term fuel security for Mahan I, 1,200MW
SALES TAX & FUNDING: Gujarat deferred sales tax agreement secured
-- Gujarat sales tax: two year repayment schedule agreed; no interest payable pre-17 January 2012
-- Essar Oil Rs50 billion (c.US$949 million) sales tax standby facility secured
-- Exploring options to reduce interest costs for the group and extend debt repayment profile (1) Comparative period for these results is first six months of 2011 due to change of financial year end to 31 March, from 2012.
(2) See pages 12 to 13 for a definition of operational EBITDA and CP EBITDA. Note CP EBITDA presented above is on a Group-wide basis. Six months figures to 30 June 2011 exclude sales tax benefit.
Naresh Nayyar, Essar Energy Chief Executive Officer, said: "We have made good progress during the half year to improve margins at both our Vadinar and Stanlow refineries. At Vadinar we are capitalising on our new, higher complexity units by selling large volumes of high value diesel into India and have resolved all outstanding sales tax and related funding issues. Stanlow delivered a very substantial increase in CP EBITDA on the back of a good operating performance and favourable market conditions. We have several further projects underway at Stanlow to deliver significant additional margin enhancements.
In power, we made good progress with the commissioning of the Salaya I and Vadinar P2 coal fired projects and now have 3,310MW of capacity operational, of which 2,110MW is our captive power plant which deliver more stable returns. At Mahan, we continue to face risks relating to short term coal supplies, but longer term, the development of the Mahan coal block will ensure that the Mahan Power plant is one of the lowest operational cost power plant in India.
The last six months has seen significant progress on our growth projects and the transition to becoming an operational energy business continues with the majority of our capex programme now complete. We are a very different company to the one that listed two and a half years ago with many of the key risks from that time now behind us. "

[brucie5] 26/11/2012 12:51

No comments on the report out today? Revenues up, debt up.. Price up.. a little.

[hvs] 21/11/2012 12:34

Will they do a PONTY CHADDHA ?

[hvs] 19/11/2012 19:08

Not with so may Goondas about.

[brucie5] 19/11/2012 18:57

Sharp rebound off the 200sma. Will the climb recommence?

[fangorn2] 12/11/2012 08:35

Essar Energy plc Essar Energy commissions second unit at Vadinar P2

[brucie5] 31/10/2012 09:35

Good news apparently fore the comapny, but I find this concerning. Anybody know anything .further about the issues here?

[brucie5] 22/10/2012 19:12

Good to see it among the top risers today.

[mr_bluesky] 22/10/2012 11:02

Brucie: LOL!
just looked back through my charts and i have not drawn one for ESSR yet.
If I get time later i will do one and post it.

Mr Blusky

[brucie5] 22/10/2012 10:56

Thanks Mr. Bluesky, how nice to hear my own day-dreams confirmed - by an expert.. ;)

[mr_bluesky] 22/10/2012 10:50

Morning all:

I have just realised that i promised a chart on here,but until then i will talk through it.

ESSR has been in a down trend since late 2010 and this recent rally has seen a break of that.It has rallied over the 50dma and the 200dma which has also turned this bullish.The movement it is in now could very well be the 3rd wave of the Elliot wave movement.If this is the case I would expect an advance onto 150p/160p before wave 4 pull back.

ATB

Mr Bluesky

[brucie5] 22/10/2012 10:36

I've just doubled my holding here, so hope you're right, Mustau. Have been watching these for months and confess to knowing little about the corporate structure/shennanigans. But it's a big company working in a sector of massive importance to the indian economy - energy, and has been in relentless decline from early 20011. since when it formed a notable double bottom, with several false recoveries, one of which fooled me, but none of which quite got passed the 200sma, as you can see. I'm trying to get better at this (!) and answer is always not to jump until you see that marker being broken unequivocally. Is the share price now in confirmed recovery? Can't say. Would very much like to see it test support. Next strong resistance I'd see at the 1.60 level, where it was rebuffed in March/April.



Also today increased holding in VED, which looks very strong, and clearly in similar area, so maybe there's a theme there, who knows.

Aimho, so please NAI, DYOR.

[mustau] 22/10/2012 10:13

All issues more or less resolved, all areas of group on track. Expecting high turnover 2013, profits I have no idea.

[gbb483] 22/10/2012 08:55

Yea, but why did they collapse from almost 600 just under 2 years ago, and has the reason for that collapse been resolved adequately.