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Braskem S.A. (BAK)

NYSE - Nasdaq Real Time Price. Currency in USD
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19.49-0.46 (-2.31%)
As of 3:00PM EDT. Market open.
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  • 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
    back has a nice move up today. yeah.
  • W
    William
    Alanc, what does WAG mean?
  • W
    William
    467 divided by 172 still in the 2.70 per share range?
  • W
    William
    correction. 172 million shares outstanding
  • W
    William
    I saw on the web. Bak earned usd467,000,000.
  • W
    William
    allanc, we are on same page. q2 might even be better. strong demand.
  • W
    William
    did bak earn 2.70 per share usd?
  • W
    William
    any thoughts to a buy out price per share?
  • W
    William
    anyone? at what price might a buyout happen at? any guessing
  • W
    William
    nice run up lately. any thoughts of why?
  • W
    William
    what happened to the dividend?
  • 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
  • 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
    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
  • A
    Alnymade
    BAK Getting ready for the bounce back up. Buy rating: 6.5. Target: 32.97, according to 9trading.
  • I
    Iaxgbby
    #BAK Bullish indication in Stochastic oscillator and RSI, according to stoxline. Long over 30.52 for a run up to 35.65.
  • d
    discostu
    Hmm, yesterday was supposed to be the pay date on the recent dividend. I didn't receive it. Anyone know anything about that? Thanks for the info.