Essar Energy Share Discussion Threads

[stevo2011] 25/11/2013 15:01

Because that's my opinion,I haven't taken a position although might do.ADVN is just full of P&D And trashers who haunt these boards.Spare a thought for any long termers Adios

[bad robot] 25/11/2013 14:59

another idiot to the bin

stevo2011 25 Nov'13 - 14:35 - 60 of 64 0 0 (Filtered)

stevo2011 25 Nov'13 - 14:36 - 61 of 64 0 0 (Filtered)

[bad robot] 25/11/2013 14:54

huh comparing eon to this cr@P?

IS EON geared 500%

so what's the point saying it will bounce when you are not buying?

So how will short get burn from 300p+?

what's debt to equity ratio on EON?

[undervaluedassets] 25/11/2013 14:46

still got to sell 41 million to be ftse complient.

[stevo2011] 25/11/2013 14:36

Bull I agree, I wouldn't invest here, invest being the operative word

[stevo2011] 25/11/2013 14:35

Eon has 32 billion of debt , suppose they are going to go bust as well ?

[bulltradept] 25/11/2013 14:35

Steve2011,

Short term you may be right but bounce to what level though?

Where the value here, where's the transparency?

[bad robot] 25/11/2013 14:14

short will get burn on a bankrupt company? lol

I believe it's insolvent means bankrupt means 0p.

Look at the debt? how does it service a debt in denominated $ when rupee is collapsing, and INDIA lacklustre.

[stevo2011] 25/11/2013 14:09

This will bounce , shorts will get burnt

[bad robot] 25/11/2013 14:04

hahaha

20 seconds after I posted

in auction

[bad robot] 25/11/2013 14:02

They are itching to smash it in auction , once -10% comes I believe an auction with a marked down

[bad robot] 25/11/2013 13:17

90p will be smashed soon

[bad robot] 25/11/2013 12:00

sub 90p close today

only nutters will stay in a company that's about to go kaput.

They are already insolvent in my opinion


Target is 0p

[sr72] 25/11/2013 11:51

Lucky guy.

I marked down this long time ago about 1.5 years ago. The massive leverage is crazy for these indian puffs.

and also the float in UK is 15%, very bad news and knowing how low is Indian corporate governance , it was just a matter of time when the sht hit the fan.

[undervaluedassets] 25/11/2013 11:43

Small admission - I came within a whisker of buying here. (shudders)

[salpara111] 25/11/2013 11:40

Given the debt levels I think it is fair to say that there is no real value in the equity.
Sooner or later they are going to hit the wall when they have to try and roll over large chunks of their debt and the lenders are no longer willing to do so at any price.

[bobsidian] 25/11/2013 11:08

It depends on which side of the trade equity market participants have been positioned. Going short of such shares has been financially lucrative for those convinced from the outset of the absence of any underlying shareholder value.

[bad robot] 25/11/2013 11:02

I think that 100K is a fake order once it goes it will be a stampede

[bad robot] 25/11/2013 11:00

LSE is the wild west of exchanges in the west.

All puffs are listed, as plenty of mugs here.

Just because they want London to remain a top financial centre, they are allowing all cons from China, Russia, eastern Europe and Asia to list.

No corporate governance is the motto

[bobsidian] 25/11/2013 10:50

A bit of a mess.

Shareholder value currently seems to be an irrelevance in the midst of such financial turmoil.

[undervaluedassets] 25/11/2013 10:48

An they need to find a buyer for 44 million shares to fulfil FTSE requirements.

Not great timing.

[bobsidian] 25/11/2013 10:43

Indeed.

And apparently not all lenders have assented to the waiver of covenants. As a result, that indebtedness is now being treated as current in the financial statements. And they appear to be seeking further access to debt markets no doubt to pay off the dissenting debt holders. Best of luck with that exercise.

[bad robot] 25/11/2013 10:39

They are already breaching covenants, I believe or non existent margin

[bobsidian] 25/11/2013 10:34

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.