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Braskem S.A. (BAK)

NYSE - NYSE Delayed Price. Currency in USD
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21.59+0.62 (+2.96%)
At close: 4:00PM EDT
21.59 -0.04 (-0.18%)
After hours: 04:00PM EDT
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  • W
    William
    novonor plans a share sale? any guess if that I'd good for bad on today's share price?
  • W
    William
    closed up 1.26
    more tmrrw? lets hope.
  • J
    Joely
    Latest news is that an announcement will be coming within the next two weeks. A sale is rumored to be completed by the end of the year. No further news on buyers but several investment firms inquired but most only want the US assets.
  • W
    William
    when in 4th qtr do we hear news of a sale?
  • W
    William
    3.52 per share earnings. 6.0 forward PE and the stock goes down? I throw up my hands...
  • e
    ergang
    I’ve been day trading for years and I’m so glad I finally found (http://Fairstox.com). They’re pre-market watchlists cover all the latest market-moving news, and they don’t beat you down with tons of ads. Highly recommend!
  • W
    William
    lack of news is concerning ..
  • J
    Joely
    Appears something is coming with this sale and coming quickly! One rumor is an investment firm out of the UAE being the front runner. Also hearing others are interested but do not want the entire company rather the pieces! In the USA, the plants that are in operation, many are old or within other company sights and are pulling little to no interest. LaPorte Texas and the new Delta plant seems to be the one everyone is after!
  • J
    Joely
    Latest news has the US operations parting out individual plants and assets. Novonor is considering this option. Reading between the lines here, it appears the only part that is wanted is the Laporte, Texas plant with the new plant asset. LyondellBasell and SINTECH out of China are the front runners.
  • J
    Joely
    ht, and also that the board is considering selling the US assets separately! This tells me someone big wants the US lines! This is where all the money is being made now anyways! Who would want the SA assets with all the BS they would have to deal with in Brazil!
  • W
    William
    — 6:45 AM ET 05/06/2021

    SAO PAULO, May 6 (Reuters) - Brazilian petrochemical company Braskem SA posted net income of 2.5 billion reais ($467 million) in the first quarter, reversing losses from the same period a year before.

    Strong revenue growth and lower financial expenses increased the company's recurring profit. Braskem ( BAK Loading...) continued to set aside provisions for environmental damage related to mining operations in the Brazilian northeastern state of Alagoas.

    ($1 = 5.3532 reais) (Reporting by Alberto Alerigi Jr.; editing by John Stonestreet)
  • W
    William
    what happened to the dividend?
  • W
    William
    back has a nice move up today. yeah.
  • j
    jon
    Any truth to the lawsuit accusations??

    Braskem S.A. (NYSE: BAK)

    Class Period: May 6, 2016 to July 8, 2020

    Lead Plaintiff Deadline: October 26, 2020

    On April 2, 2019, media sources and, later, Braskem, disclosed that the Company had been sued by local authorities in connection with a geological event it had purportedly caused in the state of Alagoas, Brazil. Specifically, Braskem disclosed, in relevant part, that the Company “ha[d] become aware, through the media, of a lawsuit filed against it by the Public Prosecutor’s Office and the Public Defender’s Office, both of the State of Alagoas.” The Company also disclosed that the lawsuits were “requesting the freezing of amounts and assets in a total of approximately R$6.7 billion to guarantee any potential damages owed to the general public affected by the geological phenomenon which occurred in districts near the rock salt extraction area in Maceió.”
    Neutral
  • W
    William
    Alanc, what does WAG mean?
  • I
    Iaxgbby
    K #BAK Soaring with good volume. Indicators are looking bullish at stoxline.Might be the start of upside movement. Watch for clear above 27.70.
  • W
    William
    I will clearly hold my positions thru next few weeks to see what the news brings?
  • W
    William
    any good news coming out from braskem?
  • W
    William
    dividend announced
  • A
    Alexperience2000
    $BABA conversation
    FT scaremongering about a china bubble whereas relative to US companies are still greatly UNDERVALUED. A bubble if any can be found in the US.

    FT doing short sellers bidding driving the price down of chinese ADS.

    HOWEVER, time will rebalance value and those who have patience will be rewarded. GLTA.

    LONG:

    EEM:

    $BABA $MOMO $QTT $IQ $HUYA $ UXIN $QD $KOF $BAK

    US:

    $BK $WFC $QS $NMTR
    Bullish
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