AbitibiBowater - ABWTQ - 500 Beiträge pro Seite

[finanzmarc]

-keine kauf- oder verkaufsempfehlung-



AbitibiBowater

US-Symbol: ABWTQ
Market: OTC Pink Sheets

SEC-Filings: http://www.abitibibowater.com/investors/sec-filings.aspx?id=…


ABWTQ hatte Mitte April Ch.11 angemeldet – der Kurs brach von $0,50 auf bis zu $0,11 zusammen – viel ist seither noch nicht passiert, die Aktie notiert aktuell bei $0,17 – bisher war hier eher eine unaufgeregte Seitwärtsbewegung angesagt.

Wichtig wäre ein Break von $0,20, um auch charttechnisch ein deutliches Breakout-Signal zu liefern.





$$ Am 05.06. wurde nachbörslich diese PR veröffentlicht, in der man die gerichtliche Genehmigung einer $600 Mio. Finanzierungsspritze bekannt geben konnte: $$
http://www.canada.com/business/fp/AbitibiBowater+wins+approv…



Im Prinzip eine ähnliche Situation wie bei CEMJQ / Chemtura vor einigen Wochen – auch bei Chemtura löste eine solche Finanzierungsspritze den letztlichen Uptrend entscheidend mit aus.

Hier der Chart von CEMJQ nach der Finanzspritze





ABWTQ
Shares outstanding: 57,7 Mio.
Market Cap @ 0,17$ = 9,81 Mio. $

Stand: Filing vom 15.05.09 http://10kwizard.ccbn.com/xml/download.php?format=PDF&ipage=… (pdf-dokument)

[finanzmarc]

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=con…

AbitibiBowater wins approval of US$600-million loan


By Michael Bathon, BloombergJune 4, 2009


AbitibiBowater Inc., North America’s biggest newsprint maker, won final bankruptcy court approval of as much as US$600-million in financing to help fund operations while the company reorganizes.

U.S. Bankruptcy Judge Kevin Carey approved the loan from Fairfax Financial Holdings Ltd. and Avenue Investment LP in a hearing Thursday in U.S. Bankruptcy Court in Wilmington, Del. AbitibiBowater was given approval on April 17 to borrow US$206-million of the US$600-million loan on an interim basis.

The loan “provides much needed capital to the Bowater group,” Kelley Cornish, a lawyer for AbitibiBowater, said when the company got interim approval. “We need it to establish credibility,” and to prevent the company’s competitors from taking away business.

Montreal-based AbitibiBowater and 31 units sought bankruptcy protection April 16 after U.S. lenders refused to accept a proposed debt restructuring. The company listed assets of US$9.9-billion and debt of US$8.78-billion as of Sept. 30 in its Chapter 11 petition.

“The recent downturn in the global economy has resulted in an unprecedented decline in demand for newsprint,” William G. Harvey, AbitibiBowater’s chief financial officer, said in court papers. “Negative trends in advertising, electronic data transmission and storage, and a continued expansion of the Internet, have exacerbated downward pressure on revenue.”

Mr. Harvey said in his affidavit that the loan was “sorely needed.”

AbitibiBowater also sought protection from its creditors in Canada. Quebec Superior Court Judge Clement Gascon on May 6 approved a US$100-million bankruptcy loan, which will be provided by the Bank of Montreal and backed by the Quebec government’s economic development agency. The DIP financing will let Abitibi pay in full all the receivables owed, according to an SEC filing.

AbitibiBowater has 23 pulp and paper mills and 30 wood- products plants in the U.S., Canada, the U.K. and South Korea. The company was formed in October 2007 with the merger of Abitibi-Consolidated Inc. and Bowater Inc. in a stock transaction valued at about US$4.8 billion. The newsprint makers said at the time the combination would cut costs by US$250 million a year.

Bloomberg.com
© Copyright (c) National Post

[finanzmarc]

What does it take to be AbitibiBowater? It takes the combination of two of the world's largest newsprint makers -- Abitibi-Consolidated and Bowater -- into one. The merger created an industry behemoth that produces millions of tons of newsprint, commercial printing paper, and pulp. The company relies on more than 25 pulp and paper mills and 30 wood products facilities in Canada, South Korea, the UK, and the US to distribute its products to customers in about 90 countries; it is one of the world's largest recyclers of newspapers and magazines. AbitibiBowater manages or owns about 55 million acres of forestland in North America. In April 2009 the company filed for bankruptcy protection in the US and Canada




A Snapshot of AbitibiBowater

AbitibiBowater produces a wide range of newsprint, commercial printing papers, market pulp and wood products. It is the eighth largest publicly traded pulp and paper manufacturer in the world.

AbitibiBowater owns or operates 23 pulp and paper facilities and 30 wood products facilities located in the United States, Canada, the United Kingdom and South Korea. Marketing its products in more than 90 countries, the Company is also among the world's largest recyclers of old newspapers and magazines, and has third-party certified 100% of its managed woodlands to sustainable forest management standards.

AbitibiBowater’s shares trade over-the-counter on the Pink Sheets and on the OTC Bulletin Board under the stock symbol ABWTQ.

[finanzmarc]

Shares outstanding 57,7 Mio.

Short Interest 3.662.508 Stk.

Days to cover 4.88

Quelle: http://www.pinksheets.com/marketactivity/reg_sho_list.jsp

[Eichler8799]

Antwort auf Beitrag Nr.: 37.358.845 von finanzmarc am 09.06.09 23:52:26

Da hat aber jemand der unsichtbaren Hand vertraut!

[finanzmarc]

Aktuell noch ein zu starker Widerstand bei $0,20, der momentan noch nicht überwunden werden kann – aktuelles Close bei $0,17.

Wer sich den Chart in der „Weekly“-Einstellung ansieht, wird erkennen, dass hier nach wie vor ein langsamer und kontinuierlicher Uptrend stattfindet – insofern also noch alles „im Lot“ – ABWTQ ist derzeit (ähnlich wie ASYTQ) noch etwas schwerfällig, solange $0,15 nicht auf SK-Basis unterschritten wird, besteht weiter solides Kurzfristpotenzial.

Wichtig wäre ein Break von $0,20, um auch charttechnisch ein deutliches Breakout-Signal zu liefern.

[finanzmarc]

[finanzmarc]

Lumber (Random Length) Daily Price Chart



http://stockcharts.com/c-sc/sc?s=$LUMBER&p=D&yr=0&mn=6&dy=0&…

[finanzmarc]

Aktuelles Close weiter bei $0,18 – gestern allerdings nachbörslich diese News:
http://www.thelion.com/bin/forum.cgi?tf=bk_stocks_only&msg=8…

Der hier bekannt gegebene $270 Mio-Deal ist der dritte Baustein der Unternehmensfinanzierung unter Chapter11 – der Break von 0,20$ sollte heute stattfinden


AbitibiBowater Wins Final OK on Receivables Financing Deal

By Peg Brickley of DOW JONES DAILY BANKRUPTCY REVIEW
June 11, 2009

WILMINGTON, Del. (DOW JONES) -- Abitibibowater Inc. (ABWTQ) Thursday won court approval of a $270 million accounts receivable securitization arrangement after agreeing to pay continued interest and professional fees to secured term lenders.

Judge Kevin Carey signed off on the accounts receivable arrangement at a hearing in U.S. Bankruptcy Court in Wilmington, Del.

The deal from a syndicate led by Citigroup Inc. (C) allows AbitibiBowater to speed and smooth its cash flow as it continues operation under the protection of courts in Canada and the U.S.

It's the third piece of the financing that the world's largest producer of newsprint needs to keep its plants running. Carey last week granted final approval to a #206 million Chapter 11 loan, while Canadian courts approved a $100 million loan.

The new accounts receivable arrangement replaces an existing deal from Citigroup that has allowed AbitibiBowater to stay on its feet financially after its May 18 bankruptcy filing. The existing deal terminates Monday.

Term lenders who are owed $347 million had objected to the deal, demanding "adequate protection" payments, including continuing interest on their loans.

Under U.S. law, adequate protection payments are warranted when troubled companies use property that is considered collateral for their secured loans. In this case, lenders say the accounts and the cash are considered collateral.

Term lenders threatened to block the replacement arrangement for accounts receivable unless the company agreed to keep paying them interest.

Company attorney Kelley Cornish said AbitibiBowater agreed to make "modified" adequate protection payments in order to make sure the deal won approval. That includes footing the bill for professionals to look out for the term lenders in the cross-border insolvency proceeding.

AbitibiBowater, based in Montreal, south protection from creditors in an effort to deal with two lines of debt that are the heritage of the 2007 combination that created the company. One series of loans is linked to the Bowater companies; the other is linked to the Abitibi group.

[finanzmarc]

0,19 $ - ein Anfang

[finanzmarc]

0,195 $

bam oida fix oida

[finanzmarc]

0,205 $

Thread-Eröffnung war bei 0,17 $

[finanzmarc]

0,21$

Break der 20 hält hoffentlich auf SK-Basis

[finanzmarc]

[finanzmarc]

Gestern nachbörslich diese PR, wonach ein zusätzliches $270 Mio.-Finanzierungsprogramm für eine der Tochtergesellschaften genehmigt wurde:

http://finance.yahoo.com/news/AbitibiBowater-Enters-into-prn…



AbitibiBowater Enters into Amended Securitization Facility

* Press Release
* Source: ABITIBIBOWATER INC. - ENGLISH
* On Wednesday June 17, 2009, 4:41 pm EDT

US$

ABWTQ (OTC)

MONTREAL, June 17 /PRNewswire-FirstCall/ - AbitibiBowater Inc. ("the Company") today announced that it has completed an amendment and restating of its existing accounts receivable securitization program for the Company's Abitibi-Consolidated subsidiary. The amended US$270 million program, which Citibank, N.A. and Barclays Capital Inc. led as joint lead arrangers, provides the Company with the liquidity necessary to conduct ongoing business operations during AbitibiBowater's restructuring and allows the previously court-authorized sale of receivables and related rights to continue.

"Completing the amendment to this securitization program is an important milestone as we work through the stabilization period of the Company's restructuring process," stated David J. Paterson, President and Chief Executive Officer. "We appreciate the confidence shown by our financial partners as AbitibiBowater strives to emerge, as rapidly as possible, from the creditor protection filings a stronger, more sustainable organization."

The Company had obtained an interim court order in the U.S. as well as a Canadian court order authorizing Abitibi-Consolidated to enter into an amended and restated securitization program.

More information about AbitibiBowater's restructuring process can be found at www.abitibibowater.com or by calling toll-free 888-266-9280. International callers should dial 503-597-7698.

AbitibiBowater produces a wide range of newsprint, commercial printing papers, market pulp and wood products. It is the eighth largest publicly traded pulp and paper manufacturer in the world. AbitibiBowater owns or operates 23 pulp and paper facilities and 30 wood products facilities located in the United States, Canada, the United Kingdom and South Korea. Marketing its products in more than 90 countries, the Company is also among the world's largest recyclers of old newspapers and magazines, and has third-party certified 100% of its managed woodlands to sustainable forest management standards. AbitibiBowater's shares trade over-the-counter on the Pink Sheets and on the OTC Bulletin Board under the stock symbol ABWTQ.

Forward-Looking Statements

Statements in this press release that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements about the restructuring process of the Company, the sustainability of the business, as well as a rapid emergence from creditor protection procedures. Forward-looking statements may be identified by the use of forward-looking terminology such as the words "expect", "ensure", "believe", "will", and other terms with similar meaning indicating possible future events or potential impact on the business or other stakeholders of AbitibiBowater and its subsidiaries.

The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management's current assumptions, beliefs and expectations, all of which involve a number of business risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the ability to obtain additional financing, the ability to continue to meet the needs of our customers, the ability to meet all current operating needs, including wages, benefits and other operating expenses, the ability to ensure business continuity, the ability to protect the value of the business, the ability to make the necessary changes to ensure the long-term viability and the condition of the U.S. credit and capital markets generally. Additional factors are detailed from time to time in AbitibiBowater's and Abitibi-Consolidated's filings with the Securities and Exchange Commission (SEC), including those factors contained in AbitibiBowater's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on April 30, 2009, under the caption "Risk factors". All forward-looking statements in this news release are expressly qualified by information contained in AbitibiBowater's and Abitibi-Consolidated's filings with the SEC. AbitibiBowater disclaims any obligation to update or revise any forward-looking information except as required by law.

Copyright © 2009 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

[finanzmarc]

Charttechnisch weiter in einem Seitwärtskanal, der im weiteren Sinn zwischen $0,11 und $0,22 und etwas enger gefasst zwischen $0,14 und $0,20 verläuft.
$0,14 muss nun als nächster Kurzfrist-Support halten, um einen neuen Abwärtstrend zu vermeiden.

Schlüssel für einen Breakout ist hier nach wie vor der Break von $0,20 auf SK-Basis.

DIP („debtor in possession“)-Finanzierungen über $270 Mio. und $600 Mio. wurden bereits vom zuständigen Insolvenzrichter abgesegnet:
http://finance.yahoo.com/news/AbitibiBowater-Enters-into-prn…
und
http://www.canada.com/business/fp/AbitibiBowater+wins+approv…
Einen inspirierenden Effekt auf den Kurs hatte dies nicht – auch zusätzliches Volumen kam dadurch nicht in die Aktie – die Zahlen des aktuellen Quartalsberichts sind ebenfalls noch nicht dazu angetan, kurzfristig starkes Uptrendpotenzial diagnostizieren zu können:

Mit Stand 30.Sept.08 hatte ABWTQ $9.9Milliarden an Vermögenswerten (Assets) und $8.78Milliarden an Verbindlichkeiten.

Aktueller Stand (1.Quartal 2009): $7,67 Milliarden Assets vs. $8,38 Milliarden Liabilities.
Dabei liegen die kurzfristigen (current) Assets bei $2,2 Milliarden, die Current Liabilities bei $2,45 Milliarden.

Bei erfolgreich sich restrukturierenden Chapter11-Unternehmen (deren Kurs dann in der Regel auch signifikant rebounden kann!) ist zumindest bei den Current Assets/Liabilities eine eindeutig positive Verschiebung in den Relationen zu beobachten.

Mittelfristig könnte hier weiter Potenzial bestehen, sofern der derzeitige Boden weiter hält – allerdings ist zunächst eher mit einer Fortsetzung des statischen Verhaltens zu rechnen, man sollte also etwas Zeit mitbringen, wenn man hier spekulativ investiert bleiben möchte.

[finanzmarc]

actual lenders for receivables loan(6-18-09 8K)

SCHEDULE I

Bank Commitments
Institution

Bank Commitment
Percentage

Citibank, N.A.

$118,700,000
43.9630%


Barclays Bank PLC

$42,100,000
15.5926%


Export Development Canada

$42,100,000
15.5926%


CIT Group / Business Credit, Inc.

$42,100,000
15.5926%



Siemens Financial Services, Inc.

$25,000,000
9.2593%



Total
$270,000,000

[finanzmarc]

Gestern Schluss auf 0,285 US$ !

Thread-Eröffnung war bei 0,17 US$

[Nokturnus]

Bist Du investiert? Wenn ja, seit wann?

[finanzmarc]

Antwort auf Beitrag Nr.: 38.329.252 von Nokturnus am 05.11.09 18:32:56

Servus!

Thread-Eröffnung war bei 0,17 US$.

Bin zu 0,18 US$ rein und bei 0,25 US$ erstmal raus.

Überlege Wiedereinstieg

[finanzmarc]

Es gibt übrigens noch ein offenes Gap über 0,50 US$

[Nokturnus]

Danke für die Antwort.
Insgesamt, sieht es ganz interessant aus.
Wenn es noch etwas weiter runter geht, denke ich auch über einen Einstieg nach. Vorher informiere ich mich aber noch genauer.
Hast Du noch weitere Links?

[finanzmarc]

Antwort auf Beitrag Nr.: 38.335.450 von Nokturnus am 06.11.09 14:29:06

Mein Wunsch-Einstieg wäre bei 0.135 US$. Dafür muss das Teil aber erst mal unter die 0.15 US$ die sich als Unterstützung herausstellen könnte.

Infos hole ich mir von der Homepage http://www.abitibibowater.com/

oder von www.pinksheets.com

und hier gibts alle SEC-Filings http://www.abitibibowater.com/investors/sec-filings.aspx?id=…

[Nokturnus]

Danke.
Dann werde ich mich mal einlesen...

[HackLevel1]

Antwort auf Beitrag Nr.: 38.335.632 von finanzmarc am 06.11.09 14:44:48

Deine 0.135 $ wurden gestern erreicht!

Bin auch mal rein

[HackLevel1]

chart update
Unterstützung @ .13
Widerstand @ .16
nach .16 offen für .20 , .24 und .34.
nach .34 skyshow!

MoneyFlow-Index (MFI) im überverkauften Bereich




Könnte also was gehen die nächsten Tage

[HackLevel1]

Hampton likes use of trust for pension
Posted By By Jon Thompson
Posted 3 mins ago


Kenora-Rainy River MPP Howard Hampton is throwing his weight behind a plan to put the pensions of former Abitibi workers in trust.

Comparing the proposal to pensions in the United States under bankrupt companies, Hampton said the system had worked "very well" there and that it could protect AbitibiBowater from up to $1.4 billion in liabilities as it undergoes restructuring.

"It's not just the forest sector, there are a number of sectors of the economy where pension plans are in trouble," he said. "What's important to note is unlike the auto sector where we're going to put in a whole bunch of cash, this doesn't call on the government to put in any cash. Ten to 15 years from now, the government might have to put in some money but most actuaries would tell you that's unlikely."



… more in today's Daily Miner and News on newsstands and at

http://eedition.kenoradailyminerandnews.com

[Nokturnus]

Habe mir auch ein paar ins Depot gelegt. Mal sehen, wie sich das Schmuckstück so entwickelt.