Brazil's Oi reports smaller quarterly loss as debt costs fall
Brazilian phone carrier Oi SAposted a first-quarter net loss just one tenth thesize of a year earlier on Wednesday, as falling interest ratesand a stronger local currency eased the cost of its hefty debtload.
Brazil's Oi CEO sees first-quarter margins sustainable over time
First-quarter operationalmargins at Brazilian phone carrier Oi SA seem"sustainable" over time, indicating the Brazilian phone carrierthat is under bankruptcy protection is generating cash flow,Chief Executive Officer Marco Schroeder said on Thursday.
Elliott Said to Propose $3 Billion Investment in Brazil’s Oi (1)
Cristiane Lucchesi Jan 30, 2017 9:32 am ET (Bloomberg) -- Elliott Management Corp. is proposing an injection of as much as 9 billion reais ($2.9 billion) into distressed telephone operator Oi SA to restructure its debt and pull it out of bankruptcy protection, according to two people with direct knowledge of the matter.
My net cost of OI vs other dividends already received, is "$0.00".....so I have no risk, and watching w curiosity w/o any expectations.....which I believe is how to play a stock this...which I consider a "wish and hope" stock.....my only and last of this variety.
I herd oibr goin thru reorganization bkrptcy in next 7 days reverse split probably even as we speak or stock split ne body have ne info
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board user promises.
GRSU looks like a stock that should be on everyones trading screen today. This stock has already moved up nicely this week and looks to be setting up for another run higher.
I thought one of the reason stock is down is Brazil real went from 3 to 4 a dollar. Now real is back to 3.14 close to $3 which brings down debt in terms of dollars still stock is down a lot.
Hopefully OI will make a deal with bond holders and won't go to BK
PRHL has had soem massive news flow and investors are just starting to catch on. This company has already shown that it can move moving up almost 100% before pulling back. PRHL could be huge
Any one following. Any guess on price target or time to sell.
If you are looking for some speculative growth take a look at PVHO. This company is doing all the right things! They have huge national brands under contract + real revenues. For a company with over 1mil in quarterly revs to trade with under a 10m market cap is just insane. Intel even wrote a pretty bullish article on the company and their tech. Start your research now.
Brazil's Oi says shareholder requested meeting to change board. Reuters
Brazil's Oi says shareholder requested meeting to change board
Oi SA, Brazil's largest fixed-line telephone carrier, on Friday said minority shareholder Société Mondiale Fundo de Investimentos em Ações requested a meeting to remove board members after the company filed for bankruptcy protection.
Oi said Société Mondiale warned it could call a shareholder meeting if Oi did not take the initiative within eight days. Oi said it was analyzing the request. Société Mondiale owns a 6.64-percent stake of Oi, the company said in a filing.
No board for OIBRQ. Seems Yahoo is not going to start a board for OIBRQ
Let's move to OIBR-C. Because OIBR is dead.
OIBR trading. why is preferred trading onhold, while common is allowed? Also, why is preferred valued lower than common. Feedback appreciated
Suspension of payments to BNDES. According to portuguese newspaper, Negocios, Oi has agreed a suspension of payments to BNDES. They are trying to do the same with other brazilian banks, like Bradesco, Itaú and Banco do Brasil.
New Symbol - OIBRQ. This is the new symbol OIBRQ
Oi files for RJ.... Oi filed for RJ today...let's see what's coming...