the shares are worthless without the Rosneft contract - the company needs $500 mln within a few months or will have to file for CH11
not sure what you are talking about - NADL needs to raise $500 mln in 2015 to serve upcoming debt maturities and pay for their newbuild semisub and they won't be able to borrow a single cent at current market conditions.
You are not really talking about the tiny Relion-Telco contract already announced on the last conference call ?
I heavily suggested shorting the shares on the day Andy recycled that old news again. Down $1.20 since then.
NADL is doomed with 80% of their fleet projected to sit idle nine months from now. At the same time the company needs to raise around $500 mln in short term financing in 2015.
Repsol already denied any talks this morning - guess they decided to bid for some assets in bankruptcy rather than acquiring tons of debt at a premium now.
no chance - they will first have to deal with their near term debt maturities to avoid bankruptcy
would expect this to move above $2 going forward simply as a function of near term bankruptcy bets getting unwinded
actually the acquisition might raise some eyebrows with regards to the obviously elevated SSTK valuation and competitive concerns looming from Adobe.
but I still would not chase the shares here as the solution might be a debt-for-equity-swap
The increased rate environment has caused an epic short squeeze in the shares with most traders already having positioned for a bankruptcy filing due to the unresolved bond issue. The much higher share price increases the probability of an amicable solution for the issue.
epic short squeeze here
you might want to take a look at another #$%$ company called LEDS - they recently found an investor who actually supposed to pay close to 100% premium to the share price
I am not - the results had already been preannounced and triple digit product revenue gains out of virtually nothing don't mean much to me.
The reason for cancelling the serious H issuance was simply that they were not able to sell those shares at an acceptable price. Remember the offering has been announced several weeks ago with Northland Capital having already been picked as the book-runner.
Wondering why management doesn't not buy more shares if they are so much committed to the great prospects of the company. They could buy 4 mln shares at $3 for example which would be a really strong signal for investors.
why should it move up ? HSOL investors have been screwed big time and the shares look heavily overvalued compared to peers given the 3x overpayment for Q-Cells.
Even after the merger the company will continue to lack peers in many aspects. The company will have to deliver profitable growth going forward to grow into the current valuation. Unfortunately I don't see this happen anytime soon.
Actually given how much HSOL was forced to overpay for Q-Cells I see substantial downside for the shares here as they appear way overpriced when compared to peers - at least 50% or even more.
But at least the risk of bankruptcy looks pretty low right now given the new 94% ownership of HSH.
actually MSFT might have noticed them to come up with a much better offer or otherwise the contract will be gone. Now they came up with new terms and MSFT has time to rethink it
there were no delays - the backlog consists of just two power plants currently under construction and with the ongoing construction progress it gets converted to revenue.
But within a few quarters the construction of the plants will be finished and the company has failed to secure additional contracts so far. This should change pretty soon or Gemma will sit idle in 2016.