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Whiting USA Trust II (WHZ) Message Board

cherukuripavan 14 posts  |  Last Activity: Jun 24, 2015 4:22 PM Member since: Sep 20, 2007
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  • Reply to

    A Simple Valuation Exercise

    by simbaassad12 Jun 3, 2015 11:22 PM
    cherukuripavan cherukuripavan Jun 24, 2015 4:22 PM Flag

    Look our joker is back.

    This loser was dreaming about stock shooting to 6 or 8, here is interesting part that is pre split. Moron. So far only contribution from him is to provide entertainment.

    Moron you first learn some manners. Are you done with reporting every one to SEC and FBI?

  • Reply to

    A Simple Valuation Exercise

    by simbaassad12 Jun 3, 2015 11:22 PM
    cherukuripavan cherukuripavan Jun 24, 2015 2:10 PM Flag

    Yeah, I read all those. My point is OI never got a cash or cash equivalents or some thing they can put it in bag. Because of Espirito PT lost over a billion dollars not 4.8B. Mostly likely 4.5B is PT market cap before merger. Original plan is to give 36% stake however because of 1B loss that was reduced to some 26%.

    On other hand, OI did a secondary offering. I don't remember exactly but they paid off for bonds or some thing (as part of merger) and used secondary offering money. That is one reason price fell below $1.

    My point is OI did not gain 7B because of merger or didn't get 4.5B from PT. Reality PT came down from 3+ to 40 cents and OI came down from $1.2 to 20 cents. My avg is around $4.5 and I don't think I will get my money back in a year.

    Max price target is $3 and min is $1. Most of analysts expect price to be around $2 in another year. I really want this to shoot to $10 or at least $5 as many of you do. This MB is to discuss and provide inputs. I know there are many catalysts out there and potential buyout opportunity. Will TIM buy this may be, will they buy for $10 mostly NO, for $5 I don't know.

    Instead of cutting off A/C, switching lights after 6:00 or sell callcenter, real estate, towers management should come up with some thing which will increase revenue. CEO suc.. thats what will happen if you make CFO as CEO. he still works on ledger. We should contribute some thing useful instead of some how coming to conclusion this is worth $8. I believe analysts are paid to do that and sure they are better than us.

  • Reply to

    A Simple Valuation Exercise

    by simbaassad12 Jun 3, 2015 11:22 PM
    cherukuripavan cherukuripavan Jun 24, 2015 10:53 AM Flag

    Thanks for the info. Any idea what indirect and direct stakes are. Current OI market cap is 1.72B where do you think all money went.

  • Reply to

    Oi issues EUR 600 mln in senior notes

    by joeantfig Jun 24, 2015 7:02 AM
    cherukuripavan cherukuripavan Jun 24, 2015 8:45 AM Flag

    What the heck. They have more than 5B in cash. Why they need another 600 M?

  • Reply to

    A Simple Valuation Exercise

    by simbaassad12 Jun 3, 2015 11:22 PM
    cherukuripavan cherukuripavan Jun 23, 2015 11:32 PM Flag

    really we missed all entertainment. Joker is back. Only he can pretend as FBI agent, economics professor and what not. Please enlighten us with your knowledge.

  • Reply to

    A Simple Valuation Exercise

    by simbaassad12 Jun 3, 2015 11:22 PM
    cherukuripavan cherukuripavan Jun 23, 2015 11:31 PM Flag

    Let me put in a different way. OI paid 2 B cash and 27% shares for PT which includes assets and debt. They got around 7B cash, left with 5B debt + some african assets. From what they are getting back from this deal OI lost but didn't gain thing.

    fyi., This is not economics class to explain every thing. You need to understand. Don't make a big deal out of gave or paid. Net it is the same unless you are casa the moron.

  • Reply to

    A Simple Valuation Exercise

    by simbaassad12 Jun 3, 2015 11:22 PM
    cherukuripavan cherukuripavan Jun 23, 2015 3:38 PM Flag

    Here is another issue. Every one think OI is gaining .5 to .8 B (sale amount - debt) however they already paid 2B (more than a year back). OI lost more than B because of this merger, which is almost equal to PT lost in bonds. OI also gave 27% of their shares. So they lost almost 2B because of this merger (excluding african assets), which is one of the reason share price fall from $1 to 20 cents (pre split)

  • cherukuripavan cherukuripavan Jun 12, 2015 4:22 PM Flag

    Also option price will go up every year by some %. That is not great deal for PT share holders

  • cherukuripavan cherukuripavan May 28, 2015 3:00 AM Flag

    Debt is some thing which is changing from source to source. Not sure where simbaassad12 is getting that figure may be that is correct but don't add up to price.

    As per guru focus website
    Oi SA's total liabilities for the quarter that ended in Mar. 2015 was $28,362 Mil.

    Oi SA's quarterly total liabilities declined from Sep. 2014 ($35,586.21 Mil) to Dec. 2014 ($32,168.89 Mil) and declined from Dec. 2014 ($32,168.89 Mil) to Mar. 2015 ($28,362.20 Mil).

    Oi SA's annual total liabilities declined from Dec. 2012 ($27,931.08 Mil) to Dec. 2013 ($24,956.09 Mil) and declined from Dec. 2013 ($24,956.09 Mil) to Sep. 2014 ($0.00 Mil).
    **********
    Oi SA's total assets for the quarter that ended in Mar. 2015 was $34,056 Mil.

    During the past 12 months, Oi SA's average Total Assets Growth Rate was 60.30% per year. During the past 3 years, the average Total Assets Growth Rate was -100.00% per year.

    That is on paper and some of values won't make sense. If you subtract liabilities from assets that is your book value which is more than 3 times current value. if this trade at book value price should be $6+. Now I don't know what is included in liabilities as well as assets. May be it include african assets.

    Bottom line, what ever source it may be, debt will be a minimum of 10B even if they pay of PT asset cash.

    First thing first they need a good CEO who will come up with a plan other than saying 'we are for sale' and we do not have any vision other than cutting cost.

  • cherukuripavan cherukuripavan May 24, 2015 3:07 AM Flag

    OI debt is around $18+B not $10.75B That number is changing from source to source. Yahoo is saying $13B, gurufocus is $15 and bloomberg articles are saying it is around $18+ B.

    Any way it will come down to around $10B.

  • cherukuripavan cherukuripavan May 21, 2015 3:00 PM Flag

    disclosure I am long

    OI borrowed, did secondary offering and paid 2B to PT, Gave away 27% share to PT and inherited all debt from PT. They sold assets for 7B. it is not like they gained 7B by merging with PT.

    Last year they sold all towers this year their expenses went up because they are paying lease for them. They may sell call center but they need to pay for each call.

    They may be going in right direction but don't think this will turn the tide and double the price in days or months. Unless brazil economy improves or some one put an offer there won't be any immediate change.

  • cherukuripavan cherukuripavan May 8, 2015 1:36 PM Flag

    It all boil downs to economy projection and political unrest (not having one).

  • Reply to

    Zacks Reiterates Buy Rating for Oi SA (OIBR)

    by netbum_98 May 7, 2015 9:53 AM
    cherukuripavan cherukuripavan May 7, 2015 11:38 AM Flag

    This is not a great new. Target 2.25 is not good for most share holders unless some one timed and bought at near bottom. Only $5 make some one on this board smile.

  • cherukuripavan by cherukuripavan Apr 26, 2015 7:15 AM Flag

    OIBR book value is 6.96 and current value is 2 sh (USD). P/B is 0.3

    OIBR4 book value is 6.96 and current value is 6.09 (real). P/B is .88

    Any one think yahoo is showing book value in real as it matches what we have for OIBR4

WHZ
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