Bom dia:
Hoje estou bem disposto mas chamar bull market a um mercado que desde 2000 ainda tem quase 50% de perdas é muito boa vontade.´
O certo é que os 10600 do indice Dow não foram rompidos e se os mercados nas próximas semanas acelerarem as vendas estamos de volta ao mercado baixista com a benção do deficit gémeo e da alta do pitrómax (vulgo petróleo)uns calotezitos nas financeiras (ver abaixo)
Por mim reconheço que me é menos proveitoso fazer trading no mercado baixista ao contrário do mercado altista que é só facturar.
Lógicamente desejaria que subisse,mas como os meus desejos raramente são satisfeitos tenho que ir nuns curtitos
Bons negócios
Cmps
AMSTERDAM (Dow Jones)--Some of Primacom AG's (PCAGY) creditors could try to force the German cable television operator into insolvency after it missed one of its interest payments, a person familiar with the matter said Thursday.
"After presenting their claim, if the company doesn't pay it, the creditors could present a petition to a court to put Primacom into insolvency," a person close to one of the creditors told Dow Jones Newswires.
The German cable firm owes a syndicate of lenders, including JP Morgan Chase & Co. (JPM) and Apollo Management LP (AM.XX), roughly EUR500 million, which consists of a EUR375 million loan and the remainder unpaid interest. The loan has an interest rate of 20%.
Apollo and JP Morgan declined to comment.
Apollo said earlier this week that Primacom has failed to pay its interest for the second time in six months.
The source said that this concerns an EUR11.3 million interest payment due in October, adding that "there will be interest on that interest, for the two-month delay in paying, which should add another EUR0.4 million, approximately."
A spokesman for Primacom's external public relations agency declined to comment. Primacom executives couldn't immediately be reached for comment.
Company observers have said that Primacom doesn't have liquidity problems and has money to pay the interest.
The latest turmoil follows an informal offer by Primacom this summer to buy back its debt from the syndicate for around 60% of the face value. But both JP Morgan and Apollo rebuffed this offer, although sources have said that they might consider an improved one.
Primacom is an unprofitable cable TV firm that targets smaller communities and has about 1.3 million subscribers, including its Dutch subsidiary, Multikabel. Besides TV, the firm offers high-speed Internet access. Its largest shareholder is Liberty Media International Inc. (LBTYA), controlled by U.S. cable tycoon John Malone, which has a 27% stake.
Primacom's total debt is estimated to be roughly EUR1 billion. In addition to the loan it owes Apollo and JP Morgan, it also has around EUR500 million in debt with a syndicate of 16 banks, including Bank of America Corp. (BAC) and Dutch ING Groep NV (ING).
An attempt by Apollo and JP Morgan to take over Primacom was blocked by a majority of its shareholders in June, as they regarded the offer, which would have left them with EUR0.25 a share, or a total of EUR5 million, as too low.
However, Apollo said Thursday that Primacom "needs to fix its capital structure ... and despite our repeated requests, not one written proposal has come forth from the company" to address the financial situation.
At 1600 GMT, Primacom shares traded down EUR0.13, or 9.8.%, at EUR1.20.
Company Web site:
http://www.primacom.de
-By Joon Knapen, Dow Jones Newswires; 31-20-6260770;
joon.knapen@dowjones.com
Dow Jones Newswires
11-19-04 0145ET
Copyright (C) 2004 Dow Jones & Company, Inc. All Rights Reserved.
Enviado: 1/12/2004 19:53
o S&P valorizou ~50%;