The Smiles trades only on IBV - July 7 it paid $R 8 in distribution and the GOL owns 54% of the public company. So brilliant is the CMDR Kakinoff - could he ever sell any of The Smiles stake? NO. Can he make the peridodic distribution? YES!
Look at the GOL balance sheet:
$R 3,000,000,000+ cash
$R 2,000,000,000+ stake in The Smiles
$R 400,000,000+ divident coming from The Smiles
$R 100,000,000+ new investment from Air Franc/KLM
As you can see, the liquidity lever(s) and cash are $R 5,500,000,000+ !!!! This is USD $2,600,000,000!!!! By comparison, JBLU has just 1/3 the cash and investments and 2x the market walue!
The GOL will be worth $9-12 this time next year! Don't doubt the Capitan - you will miss big time!
That's about $15 Million a day EXTRA to the Brazilian economy..just because Brazil "lost"...Brazil, you actually won!
Hotels, Cabs, Flights, Car Rental, Restaurants, Ticket Scalpers, Gas Stations, Mom & Pop Sores, Bars, etc.....Don't be upset Brazil that u lost..it's a blessing!
you won't stay in Business if u keep selling below cost. With TOTALS backing/reach along with Boeing's approval coupled along with Pollution emissions requirements demand for the fuel should increase. Increased Volume sales will lower unit cost. Aviation fuel represents 50% of airline cost..Any cost savings is good for an Airlines bottom line. Go AMRS.
Do you know the cost per gal. to make that fuel now? Have they improved the cost lately?
Brazilian Airline GOL to Make First International Commercial Flights With Newly Approved Amyris-Total Aviation Biofuel.Well done guys. U r in good hands!
US has the most attendees at the WorldCup. Round of 16 extended a lot of stays, a lot of flight re-secheduling. But imagine how many more will fly in for the next round! Go USA. US-Belgium: 2 to 1!!
That's why you also want to check out AMRS....they turn Brazilain Sugar Cane in JET FUEL, Cosmetics, Diesel de Cana, Oil, Lubricants, etc.
I second your opinion.When Air France took a $5 million stake in Gol at nearly twice the common share price,I couldn't believe the muted reaction. Now the $Real is gaining substancial value, as well.This undervaluation just can't last much longer.
Cash on hand is at all-time record high in $R = 3,100,000,000 = $1,400,000,000 USD
Stake in "SMILES S.A." (57%) = $R 2,800,000,000 = $1,300,000,000 USD
Air France just invested USD $146,000,000
Guidance for $R/USD for 2014 = 2.30-2.45 currently $2.19 **HUGELY BULLISH
AND, most importantly, EDMAR got his CHRISTMAS present early by having 2015 4th and 5th debenture balloon payments extended to 2018!!!!!!! THE STOCK SHOULD HAVE BEEN UP $1 today on this news release last night.
FOLKS, GOL is sitting on USD $2.7 BILLION of liquidity and levers they can pull. THE COMPANY IS ABOUT TO BECOME PROFITABLE.
This is one of the BEST plays in the airline sector BAR NONE!
GOL is about to break out of a 2 month downtrend and make a new 2014 high. ANY DROP in next couple days should be AGGRESSIVELY BOUGHT.
If foreign companies are buying bargain valued Brazilian businesses,then the value has to reach the stock price at some point. Hold on,if you can and the value will be revealed. Hidden value will be released.
Bargain values in Brazil have not yet to awakened stock prices.But large companies certainly like what they see per article seen here:
Tumbling Real Lures Acquirers Seeking Bargains: Corporate Brazil
By Jonathan Levin and Cristiane Lucchesi Jun 26, 2014 11:08 AM PT 0 Comments Email Print
The Brazilian real’s three-year slide and a stock market that trades at a discount to regional peers are making the Latin American nation a buyers’ market, especially for buyers from overseas.
Takeovers involving Brazilian companies rose 70 percent to $29.5 billion in 2014 through yesterday from the same period last year, the fastest pace in Latin America, data compiled by Bloomberg show. Foreigners drove the increase, with deals up 168 percent to almost $18 billion, making this the best first half for inbound acquisitions since 2010, the data show.