Ao minuto: BPF envia 37 mil cartas com créditos pré-aprovados para exportação, anuncia Castro Almeida

[PequenoInvest]

Continuo com o mesmo numero de acções!

Utilizo a plataforma do BPI.

É motivo para intervir ou devo continuar a esperar?

No meu caso também (Montepio) mas o valor está como se tivesse o dobro das acções.

[dancing]

Continuo com o mesmo numero de acções!

Utilizo a plataforma do BPI.

É motivo para intervir ou devo continuar a esperar?

[pdcarrico]

Aqui fica um artigo sobre as expectativas de consumo de papel (paper & writing e newsprint). Interessante também para quem tem Portucel.

<b>RISI VIEWPOINT: Worldwide graphic paper demand is growing again, but the forecast risks are high as new technologies are adopted at a record pace

CHARLOTTESVILLE, VA, Feb. 24, 2011 (Viewpoint) - By John Maine, Vice President World Graphic Paper</b>

The worldwide market for graphic papers, defined as newsprint plus printing and writing papers, is coming back to life after two years of record worldwide decline. The increase in demand last year was pretty impressive as world demand jumped 6.5 million tonnes, or 4.8%, to a level of 143 million tonnes. However, we need to point out that demand fell 20 million tonnes in the previous two years, and a significant portion of the recovery last year was an inventory bounce. Now that the inventory recovery is largely complete, we will get to see in 2011 if the recovery in demand has any real roots.

On the positive side, we are seeing strong worldwide GDP growth and it is driving increased demand for advertising, communication and business transactions. GDP growth is expected to stay between 4% and 5% per year for the next five years. The energy shock may dampen some of the growth in 2011, but we still expect worldwide GDP to grow in excess of 4% in 2011, led by gains of 8-9% in India and China. For the last 20 years, worldwide demand for graphic paper has been growing about 1.5% per year less than GDP, mainly due to declines in developed countries. So according to the historical trend, if world GDP is growing 4-5% per year, world demand for graphic paper should gain about 2.5-3.5% per year.

The market certainly beat that trend last year, however, we do not believe that global demand will keep up with its historical trend relative to GDP. The major influence behind this change is, of course, the rapid adoption of new electronic technologies, not only in the developed world, but also in many developing regions of the world that will leapfrog ahead and skip the print applications that drove demand growth in North America and Europe. The i-Pad and similar devices that were only introduced in the second half of 2010 are already getting adopted at a faster pace than any new technology has ever been adopted before, including smart phones. And the potential for displacement of print media is huge. New technologies have certainly impacted paper demand trends in the past as well, and are in fact the major reason why paper demand growth has lagged GDP, but we believe that this shift from print to new technology will actually accelerate over the next five years.

Because of this rapid adoption of new technology, it will take the world demand for graphic paper a long time to dig its way out of the hole into which it fell in 2008 and 2009. We have had several downturns in world demand in the past, one in 1996 followed by a more severe drop in 2001. In both cases, world demand was setting new records again within 12-24 months after the downturn ended. Because the slide in 2008-2009 was so steep and the recovery will be muted by rapid advances in technology, we do not show world demand for graphic paper regaining its 2007 peak for another six years.

The buffering effect of new technology will begin immediately in 2011. We are predicting a meager growth rate of only 1.3% in world graphic paper demand in 2011, a much lower result than the initial 4.8% spike out of the recession in 2010. While there are certainly risks that we could be too conservative, early numbers out of Europe and North America confirm the softening trend. The USA, for example, posted more than a 2% decline in January. Furthermore, we are forecasting an average worldwide growth rate of only 1.5% per year over the next five years. Worldwide population is growing 1.2% per year, so this does yield some increase in per capita consumption.

The risk to this forecast is high, with equal risk on both the down and up sides. And the consequences for the major market players are huge. Although world demand will grow 2 million tonnes per year, world capacity growth in Asia will exceed this amount. So Asian producers will be forced to scour the globe looking for growing markets, and European and North American exporters may be forced to permanently shutter more capacity that the world does not need. There are, of course, many differences by grade and region, but the bottom line is that North American and European markets will decline, and there will be limited opportunity to push a lot of unneeded capacity onto a maturing world market. Thus, capacity closures will likely continue for several more years. We already have several occurring in both North America and Europe in 2011, despite the fact that worldwide demand and prices are in the middle of a recovery.

For more information about RISI's World Graphic Paper Forecast and Historical Data services, please visit the following links:

World Graphic Paper Forecast

World Graphic Paper Annual Historical Data

[rsacramento]

já agora a lista

[PequenoInvest]

E não custa nada ir ao site...

http://www.altri.pt/investidores/Calendariofinanceir/

[rsacramento]

9 março

[RISCAS]

Sim dá, em geral eu tento não passar os 1000 pixels, mas às vezes distraio-me... sorry

Alguem sabe dizer-me quando Altri apresenta resultados?

[Elias]

Sim dá, em geral eu tento não passar os 1000 pixels, mas às vezes distraio-me... sorry

[pdcarrico]

Viva Elias,

Não dá para diminuir um pouquinho o gráfico e assim ficar todo incluído na tela?

...

Entretanto as notícias de embarques do PPPC. Depois de um mês excelente (Dezembro), veio Janeiro que foi meio decepcionante. De salientar um corte nas entregas para a América do Norte, e provavelmente uma diminuição nos embarques para a China, embora para a China ainda não tenha informação:

Aqui fica:

<b>January global pulp statistics: shipments fall 13.9%, inventories rise by 3 days, operating rates slip to 87%</b>

BRUSSELS, Feb. 23, 2011 (RISI) - Global producer pulp deliveries fell by 13.9% to 3.425 million tonnes in January, down from 3.979 million tonnes the previous month, according to Pulp and Paper Products Council (PPPC) data.

Shipments were 2.9% higher than the year-earlier period, up from 3.328 million tonnes in January 2010.

Bleached softwood kraft (BSK) pulp shipments slid from 1.894 million tonnes in December to 1.777 million tonnes in January, while bleached hardwood kraft (BHK) pulp deliveries fell from 1.936 million tonnes in December to 1.526 million tonnes last month.

Global producer inventories stood at 33 days worth of supply in January (27 days for BSK and 40 days for BHK), up from 30 days the previous month and 3 days more than the figure recorded in January of last year.

<b>News analysis: Pulp producer inventories up 3 days of stock, but softwood momentum remains</b>

SAN FRANCISCO, Feb. 23, 2011 (RISI) - Global chemical market pulp producer inventories rose three days-of-supply in January, the Pulp and Paper Products Council (PPPC) reported, but producers of bleached softwood kraft (BSK) said momentum would remain on their side when it's time to implement the mostly $30/tonne hikes slated around the globe.

Worldwide producer inventories overall closed January at 33 days-of-supply, a level considered balanced, a buyer contact in the USA said after this morning's PPPC report. The inventory rise wasn't a surprise because producer stocks typically increase in January. Over the past decade world-20 stocks rose an average two days-of-supply.

BSK stocks rose two days-of-supply to 27 days of stock, matching the historical trend. The BSK stock rise countered a one day-of-supply drop back in December. Still, BSK inventories were and at a level that's still considered tight.

"Part of the problem is I think they were already too low," said the buyer contact regarding producer inventories of northern bleached softwood kraft (NBSK). Asked if US buyers might be able to force a phase-in of the $30/tonne hikes that various producers set for Mar. 1, the contact figured probably not.

<b>Buyer: ‘NBSK inventories too tight.</b>' "I don't think it's doable. From the tone of conversations I've had with producers I don't see a phase-in happening. They're too tight."

Much of the tightness is due to ongoing strong demand for BSK grades in China and other Asian markets. World-20 shipments to China totaled 693,000 tonnes in January, down 29.2% from the record deliveries of December but up 31% from year-ago results of 529,000 tonnes.

China's demand helped tightened availability in North America and Europe, as producers shipped tonnes to the country at ever-higher prices. As a fourth straight monthly price increase was set in China, most of North America's largest BSK producers set $30/tonne domestic hikes.

As reported this morning, Georgia-Pacific joined a long list of BSK producers with US hikes including Canfor Pulp, Domtar -- the first producer to slate a March hike in any market -- Mercer International, and West Fraser, among others.

Global market pulp shipments in January totaled 3.425 million tonnes overall, down 13.9% from the 3.979 million tonnes recorded in December, and up 2.9% vs January 2010 shipments of 3.328 million tonnes, according to the PPPC.

<b>BHK stocks back up to 40 days</b>. Bleached hardwood kraft stocks shot up to 40 days-of-supply in January, up three days-of-supply one month after posting a surprise five day-of-supply drop. The inventory rise was bigger than typical for January, but after producers moved huge volumes of BHK in December a rise was bound to happen, a contact at a BHK producer said today.

"Looking at December in hindsight, maybe we should expect January (producer stocks) to go up slightly from a very strong December. It's small enough I don't think there's any fundamental change in outlook," said the producer contact.

January shipments to North America of 584,000 tonnes declined 16.2% from December and were down 8.8% from year-ago results of 640,000 tonnes.

World-20 deliveries to Western Europe totaled 1.2 million tonnes, up 1.7% sequentially and a 2.4% rise from January 2010 results of 1.172 million tonnes, the PPPC reported.

The shipment-to-capacity ratio skidded from December's 102%, dropping to just 87% in January and matching the ratio's 87% in October. The PPPC said softwood producers' shipment-to-capacity ratio was 92% while hardwood was just 82%.

International market pulp statistics include results from 20 countries and represent 80% of world capacity.

[Elias]

Não concordo de todo, mas respeito a tua opinião

ond'é que já ouvi isto?

Assim de repente... não estou a ver...

[rsacramento]

Não concordo de todo, mas respeito a tua opinião

ond'é que já ouvi isto?

[Elias]

Não concordo de todo, mas respeito a tua opinião

[rsacramento]

(...)a LTD tratou do resto.

LTDs com 2 toques?

sobretudo tem um efeito pedagógico muito nefasto, creio que concordarás...

[Elias]

Acabou a euforia pós-split na Altri: a resistência dos 1,775 (ex-3,55) continua viva e a LTD tratou do resto.

[rsacramento]

se reparares no gráfico de prazo mais alargado tenho lá um suporte - que agora é resistência - pelos 1.7X

um sinal de força da acção seria quebrar essa resistência

repara que em dezembro houve um false break, ou seja, a quebra não se confirmou

[paulocosta1976]

Boas. Fala-se da tendência de subida da altri a curto prazo.
Poderá subir até onde?
O aumento da escalada da violência na Líbia, vai influênciar negativamente a subida ou não? Obrigado.

[paulocosta1976]

já agora vamos ver quanto tempo o PRT leva para ajustar a coisa

a curto prazo, a altri, vai continuar a subir? é essa a tendência?

[rsacramento]

já agora vamos ver quanto tempo o PRT leva para ajustar a coisa

[rsacramento]

gráficos ajustados:

[Trisquel]

trisquel, pensei que as tinhas comprado a 1,63. Sendo assim, para já ganhaste 2%. Se a cotação se mantiver até poderes vender as outras acções, terás ganho 4%.

Ex-est, terás que perguntar ao teu banco quando elas ficarão disponíveis para venderes.

Um abraço,
Ulisses

1,63 Lembro-me perfeitamente a altura em que cotavam a esse valor, já agora neste ponto estavamos a fazer um mero exercicio académico!

Mais importante que os valores é tirar as dúvidas que tinha sobre este tema.

Ok, Obrigado!

[El junior]

trisquel

1- tu vais receber o dobro do nº de acções que detinhas, o que elas valerão, isso será a cotação do dia 25 a falar...

trisquel,

1) Não entendo a questão. Elas vão valer o que valerem na altura...

2) Pelo contrário... se compraste as acções há muito tempo atrás 4% abaixo do preço actual, é sinal que terás uma mais valia de 108%.

3) Sim.

Um abraço,
Ulisses

1 - Como não ficaram disponiveis hoje, a questão é com que valor vão ser entregues, se com o mesmo de metade do valor do fecho de ontem se ao valor de mercado á data da entrega, pela tua resposta entendo que entregam é unidades ao valor de mercado.

2 - Aqui não percebo eu, porquê 108%, exemplo comprei 100 titulos a 3,30 e hoje vendo 100 titulos a 1,65 mais 4% (1,716)?

3 - ok

[Ulisses Pereira]

trisquel, pensei que as tinhas comprado a 1,63. Sendo assim, para já ganhaste 2%. Se a cotação se mantiver até poderes vender as outras acções, terás ganho 4%.

Ex-est, terás que perguntar ao teu banco quando elas ficarão disponíveis para venderes.

Um abraço,
Ulisses

[esteves111]

Espero ajudar!
Tenho duas carteiras de titulos, ambas com títulos da Altri, na CGD e no Caixa BI, no Caixa BI já está tudo actualizado, quantidade de títulos(x2)cotação actual, na carteira da CGD a cotação está actualizada, mas ainda continuo com a mesma quantidade de titulos, espero que seja actualizada a qualquer momento... como fazer para vender as da CGD não sei???
Abraço
Martins

[Trisquel]

trisquel,

1) Não entendo a questão. Elas vão valer o que valerem na altura...

2) Pelo contrário... se compraste as acções há muito tempo atrás 4% abaixo do preço actual, é sinal que terás uma mais valia de 108%.

3) Sim.

Um abraço,
Ulisses

1 - Como não ficaram disponiveis hoje, a questão é com que valor vão ser entregues, se com o mesmo de metade do valor do fecho de ontem se ao valor de mercado á data da entrega, pela tua resposta entendo que entregam é unidades ao valor de mercado.

2 - Aqui não percebo eu, porquê 108%, exemplo comprei 100 titulos a 3,30 e hoje vendo 100 titulos a 1,65 mais 4% (1,716)?

3 - ok

[Ulisses Pereira]

trisquel,

1) Não entendo a questão. Elas vão valer o que valerem na altura...

2) Pelo contrário... se compraste as acções há muito tempo atrás 4% abaixo do preço actual, é sinal que terás uma mais valia de 108%.

3) Sim.

Um abraço,
Ulisses