Essar Energy Share Discussion Threads

[the crypt] 16/12/2013 08:54

hey just good a good vibration man - thinking of buying in - on a short - on the way to 43p. lol lose yer pants yer plinkers!

[the crypt] 16/12/2013 08:52

Sanks - I love yer srtyle - what type of plinker are ya. you don't have a bird - you got a tiny plinker - you got a mouse to shag!!! lol yer bleedin plinker fool. go eat some fish fingers..... yer nerd.

[hvs] 11/12/2013 16:51

lol !!!!

Good luck lady. No way you marry an Indian.

[tday] 11/12/2013 16:48

I see Miss Sanks, the spinster from Canvey Island, has raised her blue rinsed head on this BB. Filtered.

[declan2] 10/12/2013 21:40

Lost a good bit here but glad to be out, it's down a good bit since i sold, bad robot helped spook me

[sanks] 10/12/2013 20:29

I asked my bird today whilst looking at her knockers...she said its worth putting my nob on the table when it hits 9p

What do some of you astute sheepshaggers think?
Sensible answers appreciated
Sanksalot

[salpara111] 10/12/2013 13:47

Ever since this company listed it has been fighting against a monumental debt load which is why I have never invested but watched to see if they could make serious inroads towards reducing the debt but they have not and now it is time to pay the piper.
There is a real probability that they could end in the hands of the debt holders

[wantage] 10/12/2013 11:39

Some big fund(s)liquidating, desperate to unload at any cost on a daily basis.Every rise matched by a further fall.No support in sight.

[hvs] 10/12/2013 11:13

ESSR : ON verge of break out !

LOL !!!!!


LOL!!!!!!!!!!!!

[bulltradept] 10/12/2013 10:34

68p and falling wished I'd opened that short now..

[bad robot] 09/12/2013 16:30

don't have enough? or simply do not have.

[hvs] 06/12/2013 13:05

Problem is INDIA dont have enough toilets.

So the LSE obliged.

[islam1] 04/12/2013 07:25

BR

"Covenants breach is coming, Bondholders will take control. My best bet, they will delist as they have already mugged the british mugs."

You make interesting comments, but not sure if these statements are valid:

1. Assets do not cover debts. Surely the oil and power stations have some value over and above cost values in the balance sheet, plus business is growing

2. How do they manage to mug the british punters? They are not asking for further funding from the brits.

The shares went thru a downturn only to bounce back, isnt it time they did the same again?

[bad robot] 03/12/2013 20:44

Declan

You are having a bad year. Close for the year and come back next year.

This dog has no prospects.

Resistance is Futile

[dimpkins] 03/12/2013 17:15

I presume FTSE inclusion is on the back burner given the share price fall? Essar Global Fund Ltd stated "believes that the shares of Essar Energy represent exceptional value" that was at approx 97p

[hvs] 03/12/2013 15:40

INDIA is full of chores.

Chore ka Raj.

[declan2] 03/12/2013 13:43

Got stopped out. Poor, poor investment.

[hvs] 02/12/2013 11:57

Sub India may Chore he.

[islam1] 02/12/2013 10:24

Not sure where Bad Robot gets his figures from.

In any case, debt is high (building power-plants is not cheap). Free float to increase pushing prices down once again?

25.11.2013

LONDON--Essar Energy PLC (ESSR.LN) said Monday that a sharply widened pretax loss for the first half was due to currency movements, as well as higher interest costs and depreciation incurred after commissioning a refinery and a power plant.

The Indian oil and gas group reported a pretax loss of $498.8 million for the six months to Sept. 30, compared with a loss of $282.8 million a year earlier, even as revenue rose 5% to $13.4 billion. Underlying net debt fell 2.6% to $6.56 billion. The company posted a $483 million foreign-exchange impact due to the depreciation of the rupee.

The company said margins at its Vadinar refinery in India were maintained at a target level of $7.9 a barrel above a Singapore benchmark. However, the company said global refining margins are at their lowest since 2011, with further run-cuts likely in Europe.

"Our focus remains on core value drivers where we will seek to improve margins, cash flow and profitability at our key assets through asset optimization and refinancing, and we will exit lower margin non-core assets," said Chief Executive Sushil Maroo.

The company said Friday that its majority shareholders, brothers Shashi and Ravi Ruia, will sell part of their 77% stake to meet the U.K.'s free-float requirement.

Shares closed Friday at 101 pence valuing the company at 1.31 billion pounds ($2.13 billion).

Write to Ed Ballard at [e-mail]
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