Wishful thinking on my part.....
It should sell 300% from the price of around $2.50 on the day of last quarterly results when everyone knew how the results would be......
First, they will have loan covenants issue resolved, which should move the price higher and then the buyout happens from that base........
As they say 'From your mouth to God's ears'.
As you previously commented, there was no mention of TEF deal or no questions on it.
I believe, in the press release of the deal, they did not provide any details on duration of the contract or the cost......
The sum of parts is much more than the debt. It seems that they do not have a strong hand to deal and that is why they are hiring WS firms to navigate.....
I would say the CEO and management must be very busy to resolve the matters before any time is wasted...
Who bought those shares? Any info?
Probably short covering.......
Cannot be retail buyers for that many shares...
They changed accounting firm....
Now have two firms announced for M&A and debt restructuring.
Discussion with BOD and selection must be going on for weeks....
Dire quarter results were predicted. Auditors comments made it all the world of a difference.
Will they be forced to act very soon that could hurt shareholders more needs to be seen. They would have acted to take care of June and December deadlines and concentrated on turning around for profitable growth. They did say it is happening for Brazil already.
Coming back to the small ray of light at distance of 'Hope'.
Can they increase revenue month by month without increase in cost and the income redness gets lighter and lighter just in time when it still matters?
Did CLWR or S restructure their debt?
If yes, on what terms?
I believe, management will let KPMG review books and wait for their opinion before taking any steps toward restructuring.
In the mean time, they would be heavily concentrating on loan covenant modification to sale of Argentina and/or Chile.
Can just Brazil solid turnaround help?
ARPU going to USD 42 vs. 34 currently. New customers signed at that price and some old ones will convert to new plan....
Stock price, bond price say no at the moment. They have one more quarter to report before deadline of June...
How much effect on PPS with restructuring?
what does changing auditors right after quarter result suggest? Management made up their mind as soon as they found out what the opinion would be? Management must strongly believe that company can reverse the direction. They would not decide on 2014 capex spending, if they really had to conserve cash....
In Brazil, will the ARPU be 99 for new adds, which are now happening in 3G compared to current average of 34?
If that is the case, the revenue picture in Brazil keeps brightening fast as months go by with the initial growth rates they have seen in last month, which was really a beginning of their complete package offering.....
New equity investors HAVE chance to reap benefits....
I agree. Not blaming Schindler. He probably did/is doing his best. It was his baby to begin with. BOD brought him back and agreed with his decisions. He keeps delivering what he says. My reference was may be more than few people in the management team per se. My "or" was more important to my holding on. In the previous CC, he was not totally resigned and had optimism, he thought he had cards in his hands to play. May be this time around, he may have been legally prevented to say much with reality striking due to auditors 'doubt'. I am trying to think back, what I missed. Everyone knew, including them Q4 was completely done...Agree with your real life scenario and that is why in one of my previous post blamed "stars, luck and SELF" for my losses today......Thanks for your reply.
You kept warning with your posts, with your years of trading experience and you seem to be being in touch with quite a lot of individuals that matter in trading world.
I am now looking again at what today brought and there MAY be chance of some upside till June, if anything good news wise happens. Asset sale, Mexican reforms or buyout....Thanks to you, too.
In the last CC, CEO mentioned something about improved performance/turn around H2 of 2014.
This CC, no guidance except capex and negative OIBDA for 2014.
What changed? Was ft right all along? Management cannot be trusted or Argentina or Chile sale was expected then and the picture would have been different?
And if that is the only difference, will that still help stock price?