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Essar Energy Share Chat (ESSR)



Share Price: 67.50Bid: 67.55Ask: 67.80Change: 0.00 (0.00%)No Movement on Essar Energy
Spread: 0.25Spread as %: 0.37%Open: 66.20High: 67.90Low: 66.20Yesterday’s Close: 67.50


Share Discussion for Essar Energy (ESSR)


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mulledwine
Posts: 35,667
Off Topic
Opinion:No Opinion
Price:121.10
ESSR
26 Nov '12
ESSAR ENERGY INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2012

RESULTS FOR SIX MONTHS TO 30 SEPTEMBER 2012:
· Group revenue up 97% to US$12.8bn (six months to 30 June 20111: US$6.5bn), primarily due to higher refining revenues in India from higher capacity and revenue due to the acquisition of Stanlow, UK
· Group Current Price (CP) EBITDA2 of US$582.6 million in H1 FY13 (six months to 30 June 2011: US$198.6m), up 193% on H1 FY121, driven by increased refinery margins and throughput at Vadinar refinery and the contribution from Stanlow refinery offset by lower operational EBITDA2 from power
· Loss before tax and loss after tax of US$282.8 million and US$200.8 million, respectively (six months to 30 June 2011: Profit of US$278.5 million and US$206.2 million, respectively), with increased operational EBITDA2 being offset by higher interest costs and depreciation due to the commissioning of the Vadinar refinery phase 1 and optimisation projects and Salaya I, increased foreign exchange losses and sales tax benefit not available in the current period
 
kkk-55
Posts: 405
Observation
Opinion:No Opinion
Price:121.10
rns
26 Nov '12
Losses. Ouch.
mike29
Posts: 661
Observation
Opinion:No Opinion
Price:121.20
Very disappointing
23 Nov '12
Week, footsie down last week and essr drops 20p, this week the footsie regains all it's losses but essr rises just 2p for the week. I think this is being kept down deliberately by the markets. If the results are good it will probably go back to the 1.37 mark and the big winners are the market who will make on the bounce.
Bhajanbuffett
Posts: 285
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:121.00
EMGOMG
23 Nov '12
No reason for price dropped.
EMGOMG
Posts: 373
Question
Opinion:No Opinion
Price:122.60
Disappointing results Coming?
23 Nov '12
I am concerned this has dropped significantly in the run up to results! Normally you would expect a steady rise if good results were anticipated!
Thoughts?
sawcut
Posts: 197
Off Topic
Opinion:Buy
Price:122.90
Monday
22 Nov '12
Hoping some good news too get us moving upwards.............Stuck in the mud at present...........
Would like to see more news coming thro on a regular basis... IMO
GLA
sawcut
Posts: 197
Off Topic
Opinion:Hold
Price:125.70
Essar h1 results
21 Nov '12
AS emgomg stated due 26th november at 7am..........
sawcut
Posts: 197
Answer
Opinion:Buy
Price:125.70
Essar H1 results
21 Nov '12
As emgomg stated due 26th november at 7am. Hoping to move this share upwards with good results....................ATB
dealer
Posts: 1,182
Observation
Opinion:No Opinion
Price:125.70
hmmm solid buy
20 Nov '12
Default Swaps

Bond risk for Indian companies has slid this year. The average cost of five-year credit-default swaps insuring against non-payment by seven local issuers declined 156 basis points to 305, according to data provider CMA, which is owned by McGraw- Hill Cos. and compiles prices quoted by dealers in privately negotiated markets.

Essar Energy’s equity-linked notes are headed for a fourth month of gains. The group is aiming at a 30 percent jump in revenue in three years to $35 billion as it taps demand for infrastructure in Asia’s third-largest economy, Prashant Ruia said in June.

“Essar had defaulted many years ago, but thereafter they have been doing quite OK,” said SJS’s Dharnidharka. “Their businesses are generating cash. Earlier the concern was how they are going to go ahead but fortunately for them, in the last few years their businesses have picked up. That’s a big positive.”

To contact the reporter on this story: Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net

To contact the editors responsible for this story: Sandy Hendry at shendry@bloomberg.net; Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net



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