Was ist los mit ARMSTRONG HOLDINGS - 500 Beiträge pro Seite

[trmaniac]

Hi leutz,


ich interessiere mich für die ARMSTRONG HOLDINGS (ACKHQ)aktie und finde das sehr interessant

http://www.armstrong.com/corporatena/chapter11_overview.html
http://www.armstrong.com/corporatena/chapter11_process.html

am 23.5 ist es so weit entweder oder. ich hoffe mal das die aktie wieder irgendwann mal auf 90$ steigt

siehe link
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=ACKHQ…

wollte mal wissen was ihr davon hält

mfg trmaniac

[Pirat_Micha]

Hallo !
Ist eigentlich ein interessanter Wert. Arbeite im Sanitär Großhandel, wir vertreiben da u.a. von Armstrong Rohrisolierungen. Wusste garnicht dass die Aktie so günstig ist

Pirat

[Pirat_Micha]

bzw. scheint der zweig früher mal zu Armstrong gehört zuhaben

[Lampenhannes]

Nur mal zur Info - Armstrong steckt mitten im Chapter 11. Es geht hier um Asbest-Klagen in USA.
Am 23.05. entscheidet der Richter, ob Armstrong rauskommt.
Es gibt verschiedene Szenarien - entweder das Angebot von Armstrong wird akzeptiert, dann ist Chapter 11 beendet, und die Frage bleibt, wie groß der Restwert des Unternehmens danach ist.
Oder es geht weiter im Chapter 11 - dann geht die Hängepartie noch einige Zeit weiter.
Insgesamt ist die Armstrong World Industries ein hervorragend aufgestelltes Unternehmen mit Weltweiten Produktionsstätten für Bodenbeläge aller Art (Holz, PVC, Lino, CV, Textil), daß aus dem operativen Geschäft einen hervorragenden Profit erzielt!

Der Bereich Rohrisolierungen gehört allerdings bereits seit Jahren nicht mehr zum Konzern - man hat dieses Geschäftsfeld bereits vor Jahren verkauft. Hier wird nur der hervorragende Markenname Armstrong weiterhin genutzt.

LH

[trmaniac]

@lampenhannes

was passiert mit der aktie wenn armstrongs angebot nicht angenommen und chapter 11 nicht beendet wird??

wird die aktie dann weiter unter 1$ gurken?


ABER WENN DOCH???????

wird die Aktie nicht nach oben schiessen?
vor jahren war die aktie mal bei 90$.

[Lampenhannes]

Antwort auf Beitrag Nr.: 21.673.265 von trmaniac am 19.05.06 16:48:20

@ trmaniac:

Das ist ein reines Roulettespiel.

Wenn die Forderungen bzw. das Urteil des Richters höher ausfallen als der Wert des Unternehmens, kannst du dir ja leicht ausrechnen, was passieren kann und wird - dann werden die Restwerte bei Kursen um die 0,10 US-Cent liegen.

Wird aber der Urteilsspruch im Rahmen dessen liegen, was das Unternehmen verkraften kann, und es bleibt noch ein Restwert über (und die Firma muss nicht zerschlagen werden, Teile verkauft, usw.), dann kannst du natürlich den Restwert + die derzeitige Gewinnsituation des Unternehmens (aus meiner Sicht weltweit hervorragend aufgestellt im Bereich Böden und Deckensysteme, darüber hinaus in USA auch mit Einbauküchen) mit der Anzahl der Aktien (ca. 40.000.000) ins verhältniss setzen - aber was dabei letztendlich rauskommen wird, ist reinste Spekulation. Alles zwischen 0,10 cent und 20,- USD ist aus meiner Sicht möglich - es sind sehr viele Unwägbarkeiten in diesem Schadensersatzprozess drinne. Man sollte nur Spielgeld einsetzen - oder wie beim Roulette - alles auf eine Farbe setzen, in de Hoffnung, den großen Wurf zu landen.

Ich habe mich mit 60.000 Stück vor ca. 3 Wochen eingekauft, da ich die Firma für sehr Substanzhaltig halte. Schaut euch nur die Gewinnentwicklung der letzten Jahre an - ohne Chapter 11 ist das wirklich klasse.

Aber es ist eben sehr riskant - und wenn der Richter keine Entscheidung trifft, wird es denke ich noch einige Zeit in dieser Range von ,55 - ,70 weitergehen.

Interessant am Rande: Vor ca 10 Tagen wurde ain anderes Unternehmen aus dem Chapter 11 rausgelassen - der Richter akzeptierte den Vergleich, den dieses Unternehmen angeboten hatte.
Amgleichen Tag schossen die ACKHQ von o,55 auf 0,87 cent nach oben - alleine daran seht ihr, wie interessant es unter Umständen werden kann.

Viel Glück!

LH

[Pirat_Micha]

..wäre sicher ein interessanter zock, allerdings wäre ich nur direkt in den usa handeln !!

[trmaniac]

Hi Lampenhannes,

wie schätzt du gerade die Lage ein???

mfg trmaniac

[trmaniac]

Hallo @ all,

also ich geh davon aus, das der Kurseinsturz von gestern
ein übles Spiel der MM`s war.Da haben die sich dick
eingedeckt, bzw.wollten einige noch günstig rein.

Schön zu sehen ist, das die MM`s inerhalb von 25min(nach dem Berühren der psychologischen Marke 0,54) den Kurs gesenkt haben, in dem Sie die Teile hin und her schoben.

Für mich die Bestätigung, das es hier bald losgeht!(Nur meine Meinung natürlich)

Dazu ist der Markt überverkauft und reagiert sehr sensibel.
Mit lächerlichem Umsatz von 432290 den Kurs 20% einstürzen zu lassen...

Meinungen erwünscht!!!


PS: LH bist du eigentlich noch invstiert?

Gruss
trmaniac

[trmaniac]

http://www.stockta.com/cgi-bin/analysis.pl?symb=ACKHQ&num1=3…

[trmaniac]

Chapter 11 Overview

This site is designed to provide information about Armstrong World Industries' Chapter 11 reorganization case.

LANCASTER, PA, July 12, 2006 -- Closing arguments on the proposed confirmation of Armstrong’s Modified Plan of Reorganization were held on Tuesday, July 11, in Philadelphia before Federal District Court Judge Eduardo Robreno.

These arguments followed a three-day hearing in May (May 23-25) and extensive post-trial briefs filed by the parties in June.

The only contested issue in the confirmation process is whether the Plan’s allocation of value to the current and future asbestos personal injury claimants unfairly discriminates against the general creditors represented by the Unsecured Creditors Committee.

The closing arguments focused on conflicting expert testimony concerning Armstrong’s estimated present and future asbestos liability.

At the completion of the arguments, Judge Robreno took the matter under advisement and stated that he hoped to issue a ruling in Armstrong’s case “promptly.”

Confirmation of the Plan is necessary for Armstrong to emerge from Chapter 11.
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-
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Übersicht des Kapitels 11

Diese Seite wird dafür entworfen, Auskunft über den Reorganisationsfall des Kapitels 11 von Armstrong Weltindustrien zu geben. LANCASTER, PAPA, am 12. Juli 2006 - Schlussargumente auf der vorgeschlagenen Bestätigung des Modifizierten Plans von Armstrong der Reorganisation wurden am Dienstag, dem 11. Juli in Philadelphia vor dem Föderalistischen Landgericht-Richter Eduardo Robreno gehalten.
Diese Argumente folgten einem dreitägigen Hören im Mai (am 23-25 Mai) und umfassenden Postprobe-Schriftsätzen abgelegt von den Parteien im Juni.
Das einzige gekämpfte Problem im Bestätigungsprozess ist, ob die Zuteilung des Plans des Werts zum gegenwärtigen und zukünftigen Asbest persönliche Verletzungskläger unfair gegen die allgemeinen vom Ungesicherten Gläubiger-Komitee vertretenen Gläubiger unterscheidet.
Die Schlussargumente konzentrierten sich auf widerstreitendes erfahrenes Zeugnis bezüglich der geschätzten gegenwärtigen und zukünftigen Asbest-Verbindlichkeit von Armstrong.
An der Vollziehung der Argumente nahm Richter Robreno die Sache unter der Überlegung und stellte fest, dass er hoffte, eine Entscheidung im Fall von Armstrong "schnell" auszugeben.
Die Bestätigung des Plans ist für Armstrong notwendig, aus dem Kapitel 11 zu erscheinen.

Gruss
trmaniac

[Spekulatius_28]

was ist los mit der aktie? in den letzten tagen viel gekauft, heute über 50% + was ist das für eine firma und warum wird die heir nicht mehr gehandelt?
konnte keine news finden oder ähnliches.

könte mich mal jemand aufklären der sich auskennt?
SPEku

[Spekulatius_28]

Armstrong Emerges From Chapter 11


2006-10-02 11:20 ET - News Release


LANCASTER, Pa., Oct. 2 /PRNewswire-FirstCall/ -- Armstrong World Industries, Inc. ("AWI"), a global leader in the design and manufacture of flooring, ceilings and cabinets, announced today that its "Fourth Amended Plan of Reorganization, as Modified," dated February 21, 2006 (the "Plan"), which was confirmed by U.S. District Court Judge Eduardo Robreno in August, has become effective and AWI has emerged from Chapter 11. The Plan includes a comprehensive settlement resolving AWI's asbestos liability by establishing and funding a trust to compensate all current and future asbestos personal injury claimants.

"This is an exciting day for Armstrong and its employees," said Michael D. Lockhart, AWI's Chairman and Chief Executive Officer. "Today we emerged from Chapter 11 having made significant operational improvements that provide the opportunity to grow and strengthen our business.

"In addition to resolving AWI's asbestos liability, we used the time in Chapter 11 to restructure our flooring business to make it more competitive," Mr. Lockhart said. "We made substantial improvements in our cost structure by closing several plants and streamlining our workforce in the U.S. We have also expanded capacity to manufacture wood flooring, broadened our product lines and improved product quality and customer service."

AWI has had several consecutive quarters of improved financial performance. In the second quarter of 2006 AWI nearly doubled its operating income (from $36.6 million to $72.5 million) from a year ago. This increase was primarily due to increased manufacturing productivity and a 3% sales increase. For the first six months of 2006, AWI's operating income increased to $120.7 million (compared to $44.3 million for the first six months of 2005). The improvement in operating income was primarily due to higher sales, improved manufacturing productivity, and reduced SG&A expenses.

"I would like to thank the nearly 15,000 Armstrong employees around the world for their hard work, dedication and loyalty during the past six years," said Mr. Lockhart. "Armstrong has gone through a lengthy and challenging Chapter 11 reorganization. We could not have overcome the many obstacles we encountered without the outstanding effort and commitment of our employees."

Exit Financing

AWI expects to receive commitments for a total of $1.1 billion in a senior credit facility, including: (i) a $300 million revolving credit facility; (ii) a $300 million term loan with a five year maturity; and (iii) a $500 million term loan with a seven year maturity. The Revolving Credit Facility is immediately available to support AWI's ongoing liquidity needs. Both term loans are expected to be funded on or about October 16, and will be utilized to satisfy distributions under the Plan.

"We are emerging from Chapter 11 with less debt and a stronger balance sheet than six years ago," said Mr. Lockhart. "Our solid capital structure, combined with our recent financial performance, means that our employees, customers, distributors, suppliers and other business partners can be assured that the company is on strong financial footing with good prospects for continued growth and profitability going forward."

Plan Provisions

As previously announced, pursuant to the Plan, AWI has established a trust in accordance with the provisions of section 524(g) of the U.S. Bankruptcy Code to resolve all current and future asbestos personal injury claims (the "Trust"). AWI is funding the Trust by making a one-time contribution of cash, insurance assets and common stock of the reorganized AWI. Those assets will be administered by the Trust's trustees and used to pay asbestos claims in accordance with the provisions of the Plan and the related Trust documents. The reorganized AWI will have no role or responsibility in the administration of the Trust. Pursuant to the Plan, all present and future asbestos personal injury claims must be asserted against the Trust, and all asbestos claimants will be permanently enjoined from pursuing their claims against the reorganized AWI.

The Plan provides for general unsecured creditors to receive a combination of cash and common stock of the reorganized AWI on account of their allowed claims. Distributions to unsecured creditors are expected to begin on October 17. Plans for listing and trading of AWI's new common stock are expected to be announced next week.

As previously announced, pursuant to the Plan, the ownership of AWI by its former parent, Armstrong Holdings, Inc. ("AHI"), ended upon AWI's emergence from Chapter 11. All AWI stock owned by AHI has been cancelled. AHI is issuing a separate press release on related matters today.

Board of Directors

AWI has a new, nine member Board of Directors. Mr. Lockhart will continue to serve as Chairman and CEO of AWI, and no senior management changes are expected. In addition to Mr. Lockhart, Judith R. Haberkorn and John J. Roberts, both of whom had served on the Board of AHI, will serve on the new AWI Board. The six additional members of the new AWI Board are:

- James J. Gaffney - Chairman of Imperial Sugar Company; former Chairman
and CEO of General Aquatics, Inc;

- Robert C. Garland - CEO of AFR Holdco, Inc., American Fiber Resources
and Great Lakes Pulp Company;

- Scott D. Miller - President and CEO of the Six Sigma Academy; former
Vice Chairman and President of Hyatt Hotels Corporation;

- Russell F. Peppet - Special Advisor to Park Avenue Equity Partners, a
private equity firm; formerly Vice Chairman of Peat, Marwick, Mitchell
& Co., now KPMG;

- Arthur J. Pergament - Founder and CEO of Pergament Advisors, LLC, a New
York based asset manager serving the institutional and high net worth
communities; and

- Hon. Alexander M. Sanders, Jr. - former President of Charleston College
and Chief Judge on the South Carolina Court of Appeals.

Fresh Start Accounting
AWI will adopt fresh-start financial reporting as of its emergence from Chapter 11. Fresh start accounting requires the Company to mark-to-market its entire balance sheet, similar to purchase accounting. This includes revaluing assets and liabilities to current estimated fair value, setting shareholders' equity at an amount to be determined by a third party valuation, and recording any portion of the equity value that cannot be attributed to specific tangible or intangible assets as goodwill. The adoption of fresh start accounting will have a material effect on AWI's financial statements, primarily due to additional non-cash expenses related to higher asset values. As a result of the application of fresh start reporting as of October 2, 2006, AWI's financial statements in future periods will not be comparable with prior financial statements.

Third Quarter Results

AWI currently expects to report its third quarter earnings at the end of October. At that time, AWI also expects to provide an outlook for the remainder of 2006. In addition, AWI is preparing to hold meetings with investors during the month of November.

For copies of the Plan and related exhibits, please visit http://www.armstrongplan.com.

Armstrong World Industries, Inc., is a global leader in the design and manufacture of floors, ceilings and cabinets. In 2005, Armstrong's net sales totaled nearly $4 billion. Based in Lancaster, PA, Armstrong operates 41 plants in 12 countries and has approximately 14,600 employees worldwide.

Additional information about Armstrong and the Chapter 11 reorganization is available on the Internet at http://www.armstrong.com and www.armstrongplan.com.

These materials may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Such statements provide expectations or forecasts of future events. Our results could differ materially due to known and unknown risks and uncertainties, including: Armstrong World Industries, Inc.'s ("AWI") Chapter 11 case and the magnitude of its asbestos liabilities; claims and legal proceedings, lower construction activity reducing our market opportunities, unavailability and/or increased costs for raw materials and energy; success in introducing new products, achieving manufacturing efficiencies and implementing price increases to offset increased costs; risks related to our international trade and business; labor relations issues; price competition stemming from factors such as worldwide excess industry capacity; business combinations among competitors, suppliers and customers; the loss of business with key customers; and other factors disclosed in our recent reports on Forms 10-K, 10-Q and 8-K filed with the SEC. We undertake no obligation to update any forward-looking statement.

Armstrong World Industries, Inc.



CONTACT: Media, Dorothy Brown Smith, Vice President, Corporate
Communication, [phone], or Investors, Beth Riley, Director,
Investor Relations, [phone], both of Armstrong World Industries,
Inc.

[Spekulatius_28]

Armstrong Holdings, Inc. Appoints Special Committee of the Board


2006-10-02 11:46 ET - News Release


LANCASTER, Pa., Oct. 2 /PRNewswire-FirstCall/ -- As announced today by Armstrong World Industries, Inc. ("AWI"), pursuant to AWI's "Fourth Amended Plan of Reorganization, as Modified," dated February 21, 2006 (the "AWI Plan"), ownership of AWI by Armstrong Holdings, Inc. ("AHI") ended upon AWI's emergence from Chapter 11. All AWI stock owned by AHI has been cancelled.

On August 23, AHI announced that it has a pending claim in AWI's Chapter 11 case (the "AHI Claim"). The AHI Claim relates to intercompany charges and credits between the companies. If and to the extent the AHI Claim or any part of it is allowed in AWI's Chapter 11 case, AHI would recover on such claim on the same basis as other creditors of AWI will recover under the AWI Plan.

On August 23, AHI also announced that the Armstrong group of companies, including AHI and AWI, may be entitled to receive a tax refund based upon a carry back of a portion of the group's tax losses to prior years, which may include a substantial ordinary income loss by AHI as a result of cancellation of AHI's ownership in AWI. A study is underway to determine the amount of that loss. Depending on the size of the loss, AHI may also be entitled to additional benefits from carrying forward any balance of its tax loss and the use of its tax loss to recover estimated taxes paid by the Armstrong group of companies in 2006. The Armstrong group's tax losses may be utilized in different ways, which may benefit AHI and AWI differently, and AHI's and AWI's respective preferences for utilization of the group's tax losses may conflict.

In order to address these issues with AWI, at a meeting on September 16, the Board of Directors of AHI appointed a special committee of the Board. The committee will determine how AHI should deal with the AHI Claim and AHI's interest in utilizing the Armstrong group's tax losses, as well as any other issues that may arise between AHI and AWI. The committee intends to pursue a joint resolution of these issues with AWI. The special committee is comprised of AHI Board members Jerre Stead and Edward Sellers. Neither of these directors is a current or prospective director or officer of AWI. The special committee appointed the law firm of McDermott, Will & Emery to advise them in connection with these matters.

In addition, on October 2, Judith Haberkorn, Ruth Owades, Jesse Arnelle, James Marley and John Roberts resigned from the AHI Board. Messrs. Stead, Sellers and Michael D. Lockhart, as Chairman, remain as Directors.

For access to copies of the AWI Plan and related exhibits, please visit http://www.armstrongplan.com.

These materials may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Such statements provide expectations or forecasts of future events. Our results could differ materially due to known and unknown risks and uncertainties, including: Armstrong World Industries, Inc.'s ("AWI") Chapter 11 case and the magnitude of its asbestos liabilities; claims and legal proceedings, lower construction activity reducing our market opportunities, unavailability and/or increased costs for raw materials and energy; success in introducing new products, achieving manufacturing efficiencies and implementing price increases to offset increased costs; risks related to our international trade and business; labor relations issues; price competition stemming from factors such as worldwide excess industry capacity; business combinations among competitors, suppliers and customers; the loss of business with key customers; and other factors disclosed in our recent reports on Forms 10-K, 10-Q and 8-K filed with the SEC. We undertake no obligation to update any forward-looking statement.

Armstrong Holdings, Inc.



CONTACT: Media, Dorothy Brown Smith, Vice President, Corporate
Communication, [phone], or Investors, Beth Riley, Director,
Investor Relations, [phone]



Web site: http://www.armstrongplan.com/
http://www.armstrong.com//