Nippon Steel - Diskussion

Antwort auf Beitrag Nr.: 41.229.544 von Vitalstatistix am 18.03.11 10:43:24Was meint Ihr, wie geht es für Nippon Steel weiter? Ist das schlimmste nach der furchtbaren Katastrophe überstanden?
Der Strom zum AKW Fukushima ist verlegt worden und am Samstag sollen die Reaktorblöcke 1 und 2 wieder Strom bekommen. Die Kühlversuche am Reaktor 3 waren offenbar erfolgreich.
Stahl dürfte ebenfalls für den Wiederaufbau der zerstörten Gegenden benötigt werden.

Servus - bin dabei! :-)

Ich denke, es steht noch ein wenig auf der Kippe, bin aber optimistisch und hoffe nur das Beste.

Das mit dem Stahl sehe ich genauso. Deswegen bin ich bei der Aktie gestern eingestiegen. Nippon dürfte doppelt gut aufgestellt sein durch die geplanta Fusion mit Sumitomo - die beiden scheinen ja bereits zu kooperieren. Das könnte bei einem Wiederaufbau Vorteile gegenüber dem "Großen" geben (Arcelor)... ist jedenfalls meine Theorie...

Gruß vom BoesenBuben

Antwort auf Beitrag Nr.: 41.231.354 von Boeserbub am 18.03.11 14:06:33Genau nach der Fusion haben wir hier den zweitgrößten Stahlkonzern der Welt. Das Erdbeben hat die Fusionsplanung in keiner Weise verzögert:

Nippon Steel-S'tomo Metal Merger Still On Track
TOKYO (Nikkei)--Nippon Steel Corp. (5401) and Sumitomo Metal Industries Ltd. (5405) submitted paperwork related to their planned merger to antitrust authorities on Friday, pressing forward with the consolidation even though their steelworks were damaged by last week's huge earthquake and tsunami.

The two steelmakers aim to merge in October 2012, and they hope to receive the green light from the Japan Fair Trade Commission as early as this fall.

The pair submitted a draft of their merger application, listing combined market shares and sales for each product. They did not provide such details as their proposed merger ratio. This preliminary filing is meant to make sure that none of the documents needed for the FTC's review are incomplete or missing.

According to research by Nikkei Inc., Nippon Steel controlled 39.8% of the domestic market for hot-rolled steel plate in 2009 while Sumitomo Metal held 9.7%, bringing their combined market share to almost 50%.

The firms hope to submit an official application as early as next month after receiving feedback from the FTC. The commission would then begin the first round of its review within 30 days.

It is unlikely that a final decision would be reached after the first review given the large scale of the planned merger, according to a lawyer familiar with the process. The FTC will probably request additional documents before beginning a second review, which lasts up to 90 days.

A Nippon Steel facility in Iwate Prefecture that makes wire and other products and a Sumitomo Metal steelworks in Ibaraki Prefecture that handles such products as automotive steel sheet were severely damaged by last Friday's earthquake and tsunami. Although these facilities will likely take some time to repair fully, the market shares stated on the draft merger application are based on an assumption that they are running normally.

(The Nikkei March 19 morning edition)

Wie ist denn der eher negative Verlauf der ersten zwei Monate 2011 zu erklären, wenn die besagte Fusion bereits anstand !?

Antwort auf Beitrag Nr.: 41.232.950 von WarenBuefet am 18.03.11 17:06:37Naja, nach der Ankündigung ist der Kurs ja in die Höhe geschossen, danach ging es er aber allmählich wieder runter. Mehrere Faktoren dürften hier eine Rolle gespielt haben.
-Einmal natürlich die maue japanische Wirtschaftslage
-die Ankündigung des Koksproduzenten BHP Billiton die Preise monatlich statt quartalsweise zu bestimmen
-allgemeine Skepsis das die Fusion zu Stande kommt bzw. funktioniert.

Ich bin mir ziemlich sicher, dass die Fusion zu Stande kommt und funktionert, da beide Unternehmen jahrelang schon eng kooperiert haben. Zu den letzten beiden Punkten evt. ein paar interessante Nachrichten:

vom 18 Februar:
Japan Steelmakers Fall on Coking Report
Mariko Sanchanta and Atsuko Fukase report:
Shares of major Japanese steelmakers, JFE Holdings and Nippon Steel, are underperforming the broader indexes, down 2.2% at 2,715 yen ($32.56) and 1.3% at 304 yen, respectively.
The drops follow a Nikkei report that Anglo-Australian resource giant BHP Billiton has notified major Japanese steelmakers that it wants coking coal prices— now determined quarterly—to be set monthly, starting in April.
“There have already been concerns that steelmakers are having difficulty transferring the rising prices to their clients, so earnings will be more directly hit by prices if this reported change takes place,” a trader at a Japanese brokerage said.
Mitsubishi UFJ Morgan Stanley Securities has a neutral rating and a 2,800 yen target price on JFE Holdings, and an outperform rating with a 360 yen target price on Nippon Steel. Nippon Steel and JFE declined to comment on the report.

vom 28. Februar
Japan Pays Steep Price for Slow Deals
When Nippon Steel and Sumitomo Metal Industries announced plans to merge last month in a watershed deal, a few crucial ingredients were missing: Neither company had enlisted financial advisers and merger ratios and a new management structure hadn’t been agreed upon. The deal is set to be consummated by October–October 2012, that is.

Welcome to the curious world of domestic mergers and acquisitions in consensus-focused Japan. In a country that is quickly losing its competitiveness to other Asian nations in part because of overcapacity in the manufacturing sector, the pace of consolidation in Japan has been glacial.

The Nippon Steel-Sumitomo deal was the steel industry’s first big merger in a decade. In that time, Nippon Steel, once one of Japan’s “national champions,” was overtaken by both Baosteel Group of China and Posco of South Korea in terms of crude steel production.

The dearth of details surrounding the Nippon Steel deal has left many analysts scratching their heads. “In the U.S. or Europe, by the time two companies announce a big merger, they’re at about 50 on a scale of one to 100, if 100 means the deal is done,” says one M&A banker in Japan. “In Japan, it’s in the low single digits. Companies need a long time to build consensus from stakeholders.”

Maybe too long, in the case of Nippon Steel and Sumitomo. Several promising deals that were short on details fell apart last year, including a proposed combination of Japan’s top beer maker, Kirin Holdings, and closely held Suntory Holdings, because of squabbling over who would control the merged entity.

Both Nippon Steel and Sumitomo dispute the idea that a lengthy consummation period and lack of details could derail the deal, citing an alliance between the two that dates to 2002 and cements their relationship.

Nobuo Sayama, managing director of GCA Savvian, an independent investment-banking firm, said tie-ups in Japan can fall apart when companies make announcements without hammering out the contentious details first: the merger ratio, the management structure and how integration will proceed.

“Can Nippon Steel-Sumitomo Metal clear such hurdles? It really depends on how much trust the top executives have for each other,” Mr. Sayama said.

Outbound M&A has increased rapidly in the past few years as Japanese companies race to globalize their operations and take advantage of the purchasing power of the strong yen. But when it comes to domestic consolidation, the number of deals has declined. Outbound cross-border M&A volume rose 25% in 2010 to $34.4 billion from a year earlier, while domestic M&A deal volume fell to $87 billion from $128.4 billion, according to Dealogic.

The Japanese government, watching as monolithic South Korean and Russian industrial consortia snag lucrative infrastructure projects overseas, wants to make it easier for Japanese companies to merge. The country’s antimonopoly watchdog, the Japan Fair Trade Commission, is to unveil new guidelines about its merger screening process in the near future, and bankers hope they will include abandoning the practice of engaging in advance consultations with companies pursuing mergers, which can take months to resolve. An FTC spokesman declined to comment.

Sectors rife for consolidation include steel, chemicals, consumer electronics, auto makers, retailers and beverages. Others may follow if the Nippon Steel-Sumitomo deal goes as planned. “When these domestic deals start happening, it’s like dominoes falling,” the M&A banker said.

But given Japan Inc.’s track record, holding one’s breath might not be a good idea. That could leave Japan Inc. at a continuing disadvantage against bigger, united rivals elsewhere.

Ich bin nachwievor von Nippon Steel als Turnaround Kandidaten überzeugt, habe aber heute Nippon Steel gegen Daiwa House Industry eingetauscht. Die fand ich doch einen Ticken attraktiver. Nur so zur Info.

Ich werd´ mal bei Nippon Steel bleiben... denke, wenn das AKW ausgestanden ist, werden die recht gut da stehen - wenn ich mich auch kaum traue, an einen Höhenflug zu glauben. Aber über 3, das wär´ schon schön...

Zumindest, denke ich, ist die Aktie kein großes Risiko - und nachdem ich anderswo schon zocke, bleibe ich zur Entspannung bei dieser hier...

So. Nachgekauft.

Laut Angaben "Nippon Steel" laufen alle Werke bis auf eines beinahe wieder auf "vorkatastrophlichem" Niveau - die Bestellungen vom beschädigten Werk sind auf die anderen Werke verteilt worden.
Zudem wird stark an der Unterstützung des Partners "Sumitomo Metal" gearbeitet.

Bin zusätzlich bei "Sumitomo" in etwas kleinerem Stil dabei.

Lasst mal bisschen quatschen hier