|Bid||31.15 x 200|
|Ask||40.00 x 100|
|Day's Range||31.86 - 32.47|
|52 Week Range||17.65 - 32.47|
|PE Ratio (TTM)||12.55|
|Forward Dividend & Yield||2.08 (6.49%)|
|1y Target Est||N/A|
France's Engie SA (ENGIE.PA) has pressed for higher bids for its Loy Yang B coal-fired power plant in Australia following the release of a national energy security plan that encourages the use of coal, one of the bidders said on Monday. Delta Electricity, which submitted a final bid backed by private equity firm Apollo Global Management by an initial mid-September deadline, said on Monday that Engie had sought further bids this month, without saying how much the seller was looking for. Australia's conservative government announced a plan last week to impose a National Energy Guarantee (NEG), requiring energy retailers to tap power sources including coal-fired plants to ensure electricity supply remains stable.
France's Engie SA has pressed for higher bids for its Loy Yang B coal-fired power plant in Australia following the release of a national energy security plan that encourages the use of coal, one of the ...
A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders. The ruling by the 2nd U.S. Circuit Court of Appeals found the U.S. Bankruptcy Court in White Plains, New York, erred by not using market rates to determine the interest paid on new notes Momentive forced on holders of about $1.25 billion of secured notes. The replacement notes carried much lower rates, which were set by the court using a formula developed in a consumer bankruptcy case involving a subprime loan for a used truck.
The Bank of Slovenia imposed a 500,000-euro ($590,750) fine on finance and tourism company Sava for failing to sell its stake in Gorenjska Banka, banking sources said on Thursday. The central bank and Sava refused to comment. The Bank of Slovenia ordered Sava in 2015 to sell its stake in Gorenjska within 6 months, saying indebted Sava "does not have the financial strength to give Gorenjska Banka and its business the financial support it needs".
Parts of Westinghouse Electric’s global nuclear business are in urgent need of financial aid and the company is asking to tap its bankruptcy financing to shore them up.
Rating Action: Moody's downgrades Fresh Market to Caa1; outlook negative. Global Credit Research- 12 Oct 2017. New York, October 12, 2017-- Moody's Investors Service, today downgraded the Corporate Family ...
AMSTERDAM (Reuters) - Alteri Investors has agreed to buy Dutch toy store chain Intertoys from Blokker Holding for an undisclosed sum, the Dutch company said on Thursday. Intertoys operates around 500 stores ...
With the third-quarter earnings season rapidly approaching, JMP's Devin Ryan writes that strong equity markets and solid investment banking should lead to "respectable" results for most of the banks and brokerages in his coverage. Ryan is above consensus estimates for both Goldman Sachs (GS) and Morgan Stanley (MS).
Jefferies’ Gerald O’Hara and his team take a look at alternative asset managers, writing that their earnings estimates for the third quarter are down about 11%. As for Blackstone, he lowered his EPS estimate by 19 cents to 51 cents, explaining that after strong realization activity in the first quarter, he expects this to taper off ab it.
Wells Fargo’s Christopher Harris and his team take a look at alternative asset managers today, writing that the third quarter could be a bit of a mixed bag. Harris writes that he’s made a wide range of changes to his third-quarter estimates, from bumping his EPS expectations up 8% to 10% for Apollo (APO) and Oaktree (OAK), while leaving Ares (ARES) untouched and ratcheting down his KKR (KKR) estimates by 31%. Harris writes that the changes stem from tweaks to his balance sheet earnings forecasts, and showcase the “idiosyncratic” nature of the group, given t heir earnings drivers.
A successful deal would limit the financial hit to Japan's Toshiba Corp, the owner of Westinghouse. Westinghouse filed for bankruptcy in March, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast.
Rating Action: Moody's upgrades NCL Corp.' s CFR to Ba2, assigns Ba2 rating to proposed T/L B. Global Credit Research- 19 Sep 2017. New York, September 19, 2017-- Moody's Investors Service, upgraded the ...
KKR & Co. (KKR) reported total performance income of $873.3 million in its Private Markets division in 1H17 compared to $214.0 million in 1H16.
In 1H16, Carlyle Group (CG) reported ~$1.1 billion in total revenues and in 1H17, it reported total revenues of ~$2.0 billion. This rise was mainly due to a substantial rise in total performance fees.
Of the 14 analysts covering Blackstone (BX), six have rated the stock as a “strong buy,” six have rated it a “buy,” and two have rated it a “hold.” These…
Rating Action: Moody's confirms West's B1 CFR; outlook stable. Global Credit Research- 18 Sep 2017. Approximately $4.4 billion of rated debt affected.
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Apollo Global Management LLC with the following peers – Fortress Investment Group LLC Class A, Oaktree Capital Group, LLC Class A, Blackstone Group L.P., KKR & Co. L.P., Carlyle Group L.P., Och-Ziff Capital Management Group LLC Class A and Ares Management LP (FIG-US, OAK-US, BX-US, ... Read more (Read more...)
Blackstone Group’s (BX) one-year price target is $40.00 per share, implying an increase of 23.72% from the current price of $32.33 per share. As of June 30, 2017, Blackstone’s total…
Blackstone’s (BX) hedge fund solutions division saw total revenue of $264.2 million in 1H16 and $380.9 million in 1H17, reflecting a 44% rise. This substantial rise was due to investment…
Blackstone’s (BX) real estate division saw total revenue of $897.9 million in 1H16, compared with $1.5 billion in 1H17, which reflects a substantial increase of 73%. This rise was due…
In 1H17, Blackstone’s (BX) credit division generated total revenue of $400.9 million, compared with $373 million in 1H16. The marginal 7% rise was due to investment income and management fees.…
Between 1H16 and 1H17, Blackstone’s (BX) private equity division’s total performance fees rose substantially, from $595 million to $246 million. This rise was mainly due to tactical opportunities and corporate…...
Blackstone (BX) reported revenue of $1.5 billion in 2Q17. In this series, we'll delve into its performance in the first half of this year.