CGG - neue WKN nach reverse-split (Seite 7)
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ID: 1.235.629
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ISIN: FR0013181864 · WKN: A2ALZS · Symbol: GDGE
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Letzter Kurs 10.05.24 Tradegate
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09.05.24 · globenewswire  |
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Werte aus der Branche Dienstleistungen
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,0000 | +99.999,00 | |
| 0,6197 | +138,36 | |
| 0,6000 | +50,00 | |
| 89,00 | +34,83 | |
| 0,5710 | +29,77 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,1400 | -13,31 | |
| 0,6201 | -13,59 | |
| 12,000 | -17,24 | |
| 14,000 | -26,32 | |
| 0,5500 | -57,69 |
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Antwort auf Beitrag Nr.: 55.367.525 von faultcode am 21.07.17 05:21:24
=> Katastrophe vorerst vertagt
=> ich rate nur: der CEO muss im Oktober gehen (angeblich Vertrag bis 2019), inklusive Chairman
Q2:
http://www.cgg.com/en/Investors/Press-Releases/2017/07/CGG-A…
Revenue at $350m
EBITDAs1 at $120m
Group Operating Income1 at $(3)m
Capex at $78m and Free Cash Flow1 at $(24)m
Net debt up at $2,497m at end of June with liquidity down to $315m
Net income at $(170)m
=> es fliesst nach wie vor Geld aus dem Unternehmen.
http://www.cgg.com/en/Investors/Press-Releases/2017/07/Appro…
=>
CGG and SELARL FHB, represented by Me Hélène BOURBOULOUX, in her capacity as judicial administrator appointed as such by a ruling of the commercial court of Paris dated 14 June 2017, herein announce that in the framework of the meetings held on 28 July 2017 and convened by the latter, the lenders' committee unanimously approved the draft safeguard plan, and the bondholder general meeting at a majority of 93.5% of the creditors who cast a vote.
=> mal Le Figaro durch Google translater jagen: http://www.lefigaro.fr/flash-eco/2017/07/28/97002-20170728FI…
=>
He also warned that he did not have enough cash to finance his planned operations until June 2018.
The group spoke of "significant uncertainties" that could raise "significant doubt about its ability to continue its activities" Adding that "the liquidity of the group at 31st June 2017 amounting to 315 million dollars does not allow to finance all the operations of the group at least until 30 June 2018".
But if the proposed financial restructuring plan, including a $ 500 million exercise at the beginning of 2018, is implemented, "the liquidity of the group would be sufficient" to secure this funding, the statement said. At the beginning of June, CGG had found an "agreement in principle" with its main creditors, mainly hedge funds. The agreement provides for the raising of up to $ 500 million of new liquidity, including a $ 125 million capital increase, and new funding of $ 375 million from some of them.
A general meeting of shareholders will be held at the end of October, where the management of CGG will have to convince of the balance of this plan.
Q2 --> General Meeting of Shareholders im Oktober 2017
€4 werden hier mittlerweile nur noch von unten angeguckt.=> Katastrophe vorerst vertagt
=> ich rate nur: der CEO muss im Oktober gehen (angeblich Vertrag bis 2019), inklusive Chairman
Q2:
http://www.cgg.com/en/Investors/Press-Releases/2017/07/CGG-A…
Revenue at $350m
EBITDAs1 at $120m
Group Operating Income1 at $(3)m
Capex at $78m and Free Cash Flow1 at $(24)m
Net debt up at $2,497m at end of June with liquidity down to $315m
Net income at $(170)m
=> es fliesst nach wie vor Geld aus dem Unternehmen.
http://www.cgg.com/en/Investors/Press-Releases/2017/07/Appro…
=>
CGG and SELARL FHB, represented by Me Hélène BOURBOULOUX, in her capacity as judicial administrator appointed as such by a ruling of the commercial court of Paris dated 14 June 2017, herein announce that in the framework of the meetings held on 28 July 2017 and convened by the latter, the lenders' committee unanimously approved the draft safeguard plan, and the bondholder general meeting at a majority of 93.5% of the creditors who cast a vote.
=> mal Le Figaro durch Google translater jagen: http://www.lefigaro.fr/flash-eco/2017/07/28/97002-20170728FI…
=>
He also warned that he did not have enough cash to finance his planned operations until June 2018.
The group spoke of "significant uncertainties" that could raise "significant doubt about its ability to continue its activities" Adding that "the liquidity of the group at 31st June 2017 amounting to 315 million dollars does not allow to finance all the operations of the group at least until 30 June 2018".
But if the proposed financial restructuring plan, including a $ 500 million exercise at the beginning of 2018, is implemented, "the liquidity of the group would be sufficient" to secure this funding, the statement said. At the beginning of June, CGG had found an "agreement in principle" with its main creditors, mainly hedge funds. The agreement provides for the raising of up to $ 500 million of new liquidity, including a $ 125 million capital increase, and new funding of $ 375 million from some of them.
A general meeting of shareholders will be held at the end of October, where the management of CGG will have to convince of the balance of this plan.
Es ist vollbracht - erstmals unter EUR4.00 beim Close
Es kann sein, dass es zuvor im Juni schon mal Intraday (in Paris) unter EUR4.00 ging - aber nach meiner Kurzprüfung nicht zum Close.
Noch halten die EUR4.00 prinzipiell hauchdünn. Dieser Widerstand ist brutal wichtig geworden.
Am Mittwoch gab's noch ne Meldung zu einem JV-Grossauftrag von PetroBras:
https://www.bloomberg.com/press-releases/2017-07-19/cgg-wins…
=> absolut keine positive Reaktion im Kurs!
Möglich wäre nun auch ein sehr flaches Doppeltief mit dem ersten Tief Ende Juni.
Ich finde so gar keine andere Meinung (zu meiner) bzgl. CGG im ganzen, grossen IN.
CGG (CGG = symbol) macht durch das (off.) US-Listing auch SEC filings.
Jean-Georges Malcor ist immer noch CEO
(mein Franz. ist zu schlecht - ich kann nicht erkennen, wie lange sein Vertrag noch läuft)
--> weiter abwärts mMn, zumindest bis 28.7., dann wird's spannend:
CGG also announces that yesterday (12.7.) it has convened meetings of its Safeguard lenders' committee and bondholders' general meeting (including holders of Convertible Bonds (as defined in the LUA)) for July 28, 2017 to vote on its draft Safeguard plan.
aus: http://crweworld.com/article/news-provided-by-globenewswire/…
Gläubigerschutz beantragt in FR (Sauvegarde) + US (Chapter 11+15)
14 June 2017, Mittwoch letzter WocheOil-services company CGG Group filed for bankruptcy protection Wednesday in the U.S. and France after reaching a restructuring deal with lenders and bondholders (WSJ-D intro)
http://www.cgg.com/en/Investors/Press-Releases/2017/06/CGG-B…
(Sauvegarde = Safeguarding, Term aus fr. Insolvenzrecht)
oder:
https://seekingalpha.com/news/3273560-cgg-opens-sauvegarde-f…
http://www.marketwatch.com/story/frances-cgg-files-for-bankr… (*)
Ich hab selten ne Insolvenz-Anzeige mit einer so schönen Eigen-Überschrift gelesen:
Following Agreement with Key Financial Creditors, CGG Begins Legal Process to Implement Balance Sheet Restructuring and Create Sustainable Capital Structure
__
aus (*):
Beatrice Place-Faget, general counsel of parent company CGG SA, said in court papers the prolonged downturn in oil and natural gas prices left the company unable to pay its debts.
Mein Eindruck ist, das stimmt so nicht. Kann es sein, dass die teuren Übernahmen am Ende des Ölbooms alle auf Pump finanziert wurden? Wenn das so ist, dann ist Obiges nur eine Schutzbehauptung. Man könnte auch sagen, gelogen.
Auf die Idee mal den:
- CEO seit 2010,
...oder am besten:
- CEO + Chairman seit 2005
..auszutauschen, scheint hier niemand zu kommen.
Strafe muss nun aber sein, d.h. den Laden selber zu sanieren. Aber was soll dann kommen? Dieselben Fehler nochmal machen?
Und wie kann jemand sinnvoll sanieren, der in der Vergangenheit eher durch Grossübernahmen aufgefallen ist?
=>
Ohne neues Management würde ich hier keine Aktie kaufen.
__
Ich hab mir überlegt, ob CGG nicht mal was mit Big Data - ausserhalb von O&G - hätte machen können, oder sogar noch machen kann, z.B. in einer Tochtergesellschaft --> Nischt. NorCom hat sich mit Big Data auch neu erfunden (Gut, die sind auch kein Franzosen-Dickschiff...)
Und CGG war schon Big Data, da hat noch niemand so richtig darüber gesprochen, sozusagen Old School Big Data.
Das ist irgendwie neu heutzutage. Früher musste man wegen so was gehen. Heutzutage bleibt man schamlos im Sessel und auf Position - und muss vielleicht noch mit viel Geld davon weggelockt werden.
__
Interessant was man hier so liest:
https://www.thelayoff.com/t/EWRSxJz
Antwort auf Beitrag Nr.: 53.704.446 von R-BgO am 16.11.16 10:37:59tja...
CGG S.A.: ANNOUNCES A CONSENT SOLICITATION IN RESPECT OF ITS SENIOR NOTES AND TERM LOAN B
CGG S.A. announces a consent solicitation in respect of its Senior Notes
and Term Loan B
Paris, France - February 6, 2017
CGG S.A. ("CGG") today announces that it is soliciting consents (the "Solicitation") to permit the appointment of a 'mandataire ad hoc' (a French facilitator for creditor negotiations) from
(i) the holders of each series of Senior Notes and
(ii) the creditors under the Term Loan B.
"Senior Notes" means CGG's:
-7.750% Senior Notes due 2017 (CUSIP: 204386AK2 / ISIN: US204386AK24),
-6.500% Senior Notes due 2021 (CUSIP: 204384AB7 / ISIN: US204384AB76; CUSIP: F1704UAD6 / ISIN: USF1704UAD66),
-5.875% Senior Notes due 2020 (Reg. S ISIN: XS1061175607 / Reg. S Common Code: 106117560; Rule 144A ISIN: XS1061175862 / Rule 144A Common Code: 106117586) and
-6.875% Senior Notes due 2022 (Reg. S CUSIP: F1704UAC8 / Reg. S ISIN: USF1704UAC83; Registered CUSIP: 12531TAB5 / Registered ISIN: US12531TAB52).
"Term Loan B" means the $342 million term loan facility with CGG's subsidiary, CGG Holding (US) Inc., as borrower.
Rationale for the solicitation
CGG announced on January 5, 2017 that in a difficult market environment expected to remain similar in 2017, it considered that the Group's debt level was too high. It therefore intends to commence discussions with all its stakeholders in their various jurisdictions in order to achieve a financial restructuring.
The objective of this restructuring would be to provide CGG with a level of indebtedness and cost of debt that is substantially reduced and sustainably adapted to its revenues. To that end, CGG will make proposals to its creditors and to its shareholders. The market will be informed in due time of the outcome of these discussions.
In order to facilitate discussions with all of its stakeholders, CGG wishes to have the ability to request the appointment of a mandataire ad hoc, which requires the agreement of the relevant creditors in accordance with various credit agreements and bond documents.
The purpose of the Solicitation is to obtain the consent, at the requisite majority, of
(i) the holders of each series of Senior Notes and
(ii) the creditors under the Term Loan B
such that CGG would have the option, if desired, to request the appointment of a mandataire ad hoc, without such action constituting an Event of Default under the Senior Notes and Term Loan B documentation.
CGG has had discussions regarding this Solicitation with an ad hoc Committee of its Senior Notes who represent
-36.75% of the 6.500% Senior Notes due 2021,
-9.03% of the 5.875% Senior Notes due 2020 and
-46.99% of the 6.875% Senior Notes due 2022.
The ad hoc committee members have advised CGG that they will support the Solicitation with respect to the Senior Notes. CGG has had similar discussions with holders representing 79.9% of the Term Loan B. These holders have indicated that they will support the Solicitation with respect to the Term Loan B.
To date, CGG has already secured the requisite consent of the lenders under its French revolving credit facility, the US revolving credit facility of CGG Holding (US) Inc. and the Nordic credit facility of its subsidiary CGG Geo Vessels to the potential appointment of a mandataire ad hoc.
CGG confirms that it has not yet decided whether or not to seek the appointment of a mandataire ad hoc and has not taken any steps to appoint a mandataire ad hoc. CGG remains in full compliance under its Senior Notes and loan documentation.
Details of the solicitation
The Solicitation with respect to the Senior Notes will expire at 5:00 pm New York City time on February 17, 2017 unless extended by CGG.
The Solicitation with respect to the Term Loan B will expire at 5:00 pm New York City time on February 10, 2017 unless extended by CGG.
CGG has retained Lucid Issuer Services to serve as its Tabulation and Information Agent for the Solicitation with respect to the Senior Notes. Copies of the Consent Solicitation Statement can be obtained from Lucid Issuer Services Limited (Attention: Yves Theis / Thomas Choquet, +44 (0) 20 7704 0880, cgg@lucid-is.com).
CGG S.A.: ANNOUNCES A CONSENT SOLICITATION IN RESPECT OF ITS SENIOR NOTES AND TERM LOAN B
CGG S.A. announces a consent solicitation in respect of its Senior Notes
and Term Loan B
Paris, France - February 6, 2017
CGG S.A. ("CGG") today announces that it is soliciting consents (the "Solicitation") to permit the appointment of a 'mandataire ad hoc' (a French facilitator for creditor negotiations) from
(i) the holders of each series of Senior Notes and
(ii) the creditors under the Term Loan B.
"Senior Notes" means CGG's:
-7.750% Senior Notes due 2017 (CUSIP: 204386AK2 / ISIN: US204386AK24),
-6.500% Senior Notes due 2021 (CUSIP: 204384AB7 / ISIN: US204384AB76; CUSIP: F1704UAD6 / ISIN: USF1704UAD66),
-5.875% Senior Notes due 2020 (Reg. S ISIN: XS1061175607 / Reg. S Common Code: 106117560; Rule 144A ISIN: XS1061175862 / Rule 144A Common Code: 106117586) and
-6.875% Senior Notes due 2022 (Reg. S CUSIP: F1704UAC8 / Reg. S ISIN: USF1704UAC83; Registered CUSIP: 12531TAB5 / Registered ISIN: US12531TAB52).
"Term Loan B" means the $342 million term loan facility with CGG's subsidiary, CGG Holding (US) Inc., as borrower.
Rationale for the solicitation
CGG announced on January 5, 2017 that in a difficult market environment expected to remain similar in 2017, it considered that the Group's debt level was too high. It therefore intends to commence discussions with all its stakeholders in their various jurisdictions in order to achieve a financial restructuring.
The objective of this restructuring would be to provide CGG with a level of indebtedness and cost of debt that is substantially reduced and sustainably adapted to its revenues. To that end, CGG will make proposals to its creditors and to its shareholders. The market will be informed in due time of the outcome of these discussions.
In order to facilitate discussions with all of its stakeholders, CGG wishes to have the ability to request the appointment of a mandataire ad hoc, which requires the agreement of the relevant creditors in accordance with various credit agreements and bond documents.
The purpose of the Solicitation is to obtain the consent, at the requisite majority, of
(i) the holders of each series of Senior Notes and
(ii) the creditors under the Term Loan B
such that CGG would have the option, if desired, to request the appointment of a mandataire ad hoc, without such action constituting an Event of Default under the Senior Notes and Term Loan B documentation.
CGG has had discussions regarding this Solicitation with an ad hoc Committee of its Senior Notes who represent
-36.75% of the 6.500% Senior Notes due 2021,
-9.03% of the 5.875% Senior Notes due 2020 and
-46.99% of the 6.875% Senior Notes due 2022.
The ad hoc committee members have advised CGG that they will support the Solicitation with respect to the Senior Notes. CGG has had similar discussions with holders representing 79.9% of the Term Loan B. These holders have indicated that they will support the Solicitation with respect to the Term Loan B.
To date, CGG has already secured the requisite consent of the lenders under its French revolving credit facility, the US revolving credit facility of CGG Holding (US) Inc. and the Nordic credit facility of its subsidiary CGG Geo Vessels to the potential appointment of a mandataire ad hoc.
CGG confirms that it has not yet decided whether or not to seek the appointment of a mandataire ad hoc and has not taken any steps to appoint a mandataire ad hoc. CGG remains in full compliance under its Senior Notes and loan documentation.
Details of the solicitation
The Solicitation with respect to the Senior Notes will expire at 5:00 pm New York City time on February 17, 2017 unless extended by CGG.
The Solicitation with respect to the Term Loan B will expire at 5:00 pm New York City time on February 10, 2017 unless extended by CGG.
CGG has retained Lucid Issuer Services to serve as its Tabulation and Information Agent for the Solicitation with respect to the Senior Notes. Copies of the Consent Solicitation Statement can be obtained from Lucid Issuer Services Limited (Attention: Yves Theis / Thomas Choquet, +44 (0) 20 7704 0880, cgg@lucid-is.com).
Antwort auf Beitrag Nr.: 52.902.019 von R-BgO am 24.07.16 12:47:34
das Posting war vom 24.7.; aktuelle Preise in Rot
Zitat von R-BgO: A1HCPR - OCEANE 1.1.2019 (Volumen ca. 360 MEUR)
1,25% Kupon
EUR 32,14 Nominalwert
ask 24,80 (Euronext) 22,10 (Euronext)
=> (32,14/24,80)^(1/2,42) = 11,3% + Kupon
A1Z3ZD - OCEANE 1.1.2020 (Volumen ca. 325 MEUR)
1,75% Kupon
EUR 12,86 Nominalwert
ask 4,98 (Euronext) 3,17 (Euronext)
=> (12,86/4,98)^(1/3,42) = 32,0% + Kupon
A1ZG86 - Bond 15.5.2020 (Volumen ca. 390 MEUR)
5,875% Kupon
Ask 55,35% (getter) 43,57 (Düsseldorf)
=> (100/55,35)^(1/3,83) = 16,7% + Kupon
Trading Spotlight
Antwort auf Beitrag Nr.: 53.702.760 von wallander08 am 16.11.16 07:58:24
sie machen weiter
"solide" 100 MUSD Miese pro Quartal...
Ich hatte die Aktie mal vor dem Split.
Ein Trauerspiel hier.
Ein Trauerspiel hier.
Antwort auf Beitrag Nr.: 52.901.890 von R-BgO am 24.07.16 12:19:19
1,25% Kupon
EUR 32,14 Nominalwert
ask 24,80 (Euronext)
=> (32,14/24,80)^(1/2,42) = 11,3% + Kupon
A1Z3ZD - OCEANE 1.1.2020 (Volumen ca. 325 MEUR)
1,75% Kupon
EUR 12,86 Nominalwert
ask 4,98 (Euronext)
=> (12,86/4,98)^(1/3,42) = 32,0% + Kupon
A1ZG86 - Bond 15.5.2020 (Volumen ca. 390 MEUR)
5,875% Kupon
Ask 55,35% (gettex)
=> (100/55,35)^(1/3,83) = 16,7% + Kupon
Wenn wir schon dabei sind...:
A1HCPR - OCEANE 1.1.2019 (Volumen ca. 360 MEUR)1,25% Kupon
EUR 32,14 Nominalwert
ask 24,80 (Euronext)
=> (32,14/24,80)^(1/2,42) = 11,3% + Kupon
A1Z3ZD - OCEANE 1.1.2020 (Volumen ca. 325 MEUR)
1,75% Kupon
EUR 12,86 Nominalwert
ask 4,98 (Euronext)
=> (12,86/4,98)^(1/3,42) = 32,0% + Kupon
A1ZG86 - Bond 15.5.2020 (Volumen ca. 390 MEUR)
5,875% Kupon
Ask 55,35% (gettex)
=> (100/55,35)^(1/3,83) = 16,7% + Kupon
Man kann getrost davon ausgehen,nach dem Splitt ist vor den Splitt.
Bond mit 4 Jahren Restlaufzeit bringt circa 28% p.a.:
https://kunde.comdirect.de/inf/anleihen/detail/uebersicht.ht…
kann man wohl als high-yield bezeichnen...
https://kunde.comdirect.de/inf/anleihen/detail/uebersicht.ht…
kann man wohl als high-yield bezeichnen...
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