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Espaço dedicado a todo o tipo de troca de impressões sobre os mercados financeiros e ao que possa condicionar o desempenho dos mesmos.

por Vic » 9/7/2004 19:07

Ola

Antes demais quero dizer-te que esta minha opinião pode estar influenciada em virtude de deter uma posição em Alstom (10.000 adquiridas a € 0.75)

Depois em Alstom eu estou numa posição de longo prazo, ou seja estou lá para ficar 1,2 ou ate mais anos se for necessário.

Como deves saber o Estado Frances detm 18.5% da empresa e tudo esta a fazer para a salvar.

Os bancos lá reuniram e decidiram tambem dar uma maozinha.

Na reunião de hoje ao que parece tudo correu bem:

" ALSTOM's financing plan approved at General Shareholders' Meeting

July 9, 2004

As anticipated this morning, the 25% quorum was not obtained for the 16th resolution in respect of the capital increase by debt-to-equity swap reserved for the French State.

Consequently, at the Ordinary and Extraordinary Shareholders’ Meeting held today in Paris, ALSTOM presented to its shareholders an amendment to the structure of the financing plan announced on 26 May this year.

All resolutions proposed to the vote of the shareholders were adopted with over 90% of the vote, which allows ALSTOM to fully implement the amended financing plan.

Summary of the voting results:
-The amended 14th resolution relating to the capital increase with preferential subscription rights for up to a maximum amount of €1.7 billion was approved with 90.5% of the vote.
-The amended 15th resolution relating to the capital increase by debt-to-equity swap for up to a maximum amount of €700 million, reserved for creditors other than the French State, was approved with 90.5% of the vote.

The vote in favour of these resolutions authorises ALSTOM to launch a capital increase with preferential subscription rights for up to a maximum amount of €1.7 billion, payable either in cash or by conversion of debt due and payable, as well as a capital increase by debt-to-equity swap for up to a maximum amount of €700 million, reserved for creditors other than the French State, with the objective of a total maximum amount of these capital increases at €2.2 billion.

We note that the total capital increase being made through the preferential rights is exercisable either in cash or by conversion of debt that is due and payable. The subscription price for the conversion of debt will of course be the same as that for the debt-to-equity swap, i.e. 25% to 35% higher than that of the capital increase in cash.

The French State has committed to exercising its preferential subscription rights in an amount of €185 million in cash. It will also subscribe to this capital increase by conversion of debt up to a maximum of €500 million within the limits of its preferential subscription rights or of any shares which may be available after the exercise of preferential rights by the other shareholders, to the extent that its total shareholding does not exceed 31.5% of the capital of the Company.

Patrick Kron, Chairman and Chief Executive of ALSTOM, said : « I would like to thank our shareholders for the confidence they have shown us today by approving this financing plan. This comes after the agreement from our banks on new covenants and the approval from the European Commission.

All authorisations are now in place to allow us to launch the capital increases taking into account the market conditions."

As vendas tem corrido bem desde Setembro do ano passado, no entanto o problema é o execsso de pessoal e os encargos com juros.

O meu receio é que os juros comecem a subir e venha complicar um pouco esta recuperação, apesar de ontem o presidente do BCE, Jean-Claude Trichet, ter afastado esta hipotese.

Bom seria que o Grupo Costa, fizesse o seu novo barco, nos estaleiros da Alstom.

Abraço
 
Mensagens: 1153
Registado: 5/11/2002 1:17

vic

por cabo » 9/7/2004 16:13

o q cha da ALSTOM?
para quem esta dentro sera de abandonar?
obrigado
 
Mensagens: 9
Registado: 9/1/2003 19:05


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