>>>BRANDHEISSES INSIDERWISSEN !!! <<< - 500 Beiträge pro Seite

[Dr.Geldsack]

Habe einige gute Informanten im Weißen Haus, Bush wird gewinnen habe Ich heute morgen erfahren!

[Tse-Tse]

das haste wohl aus der reportage gestern abend auf zdf, man vermutet, bush werde gewinnen, aber nicht weil er der bessere mann ist, sondern weil er sich besser verkaufen kann, law and order usw.

[marlonspd2]

@Dr. Geldsack - na das wage ich aber zu bezweifeln.
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Thursday, November 2, 2000
BUSINESS


CyberWorks expects good deal
LOUIS BECKERLING


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Negotiations between Pacific Century CyberWorks and its bankers on a debt refinancing are "proceeding swiftly" with new loans due to be secured at sharply lower costs, a company official predicted on Wednesday night.
"The refinancing will be in place well before the February 27 deadline, and it will be priced at a rate substantially below 100 basis points above Libor [London interbank offered rate]," the official said.

Sources close to the talks said the refinancing package could be for between US$4 billion and US$4.5 billion.

"Go with the high end of US$4.5 billion and Libor of about 6.6, and assume a spread of 70 basis points - which will give you a rate of about 7.3 per cent - and you could figure out that debt servicing could be about US$27 million or US$28 million a month, or around US$328 million a year," a source said.

ABN Amro head of Internet research Jahanzeb Naseer calculated CyberWorks was likely to be talking to its bankers for a new loan of about US$3.38 billion.

The original US$12 billion raised in February, to pay for its takeover of Cable & Wireless HKT, had been reduced to US$9 billion from internal resources, he said.

"An amount of US$1.12 billion is due to be raised by the IP [Internet protocol] backbone company - the joint venture between Telstra and CyberWorks - which will be paid by the IP to CyberWorks as the purchase price for the assets it received from CyberWorks," Mr Naseer said.

The IP, which operates a network of undersea cables in Asia, had cash flows of US$500 million - more than adequate to service its debt, he said.

"On top of this, CyberWorks will get a cash injection of US$1.68 billion from Telstra to pay for its share of their mobile joint-venture, together with an additional US$750 million, which Telstra will take up from a convertible bond issued by CyberWorks," Mr Naseer said.

"That reduces the debt on CyberWorks` books to US$5.445 billion. After that they have either raised, or are in the process of raising, another US$1.6 billion from two sources - the US$1.1 billion convertible bond already issued, and a rights issue which will raise US$533 million."

This left US$3.38 billion on the books to be refinanced.

At this level, debt would amount to little more than four times free cash flow of about US$800 million and the group would not be considered highly-leveraged.

One reason investors could nonetheless be judging the company harshly, suggested Mr Naseer, was that it faced a heavy depreciation and amortisation charge next year.

On an accounting basis, once these charges were made on the profit and loss statement, net earnings for the year 2002 could appear insufficient to service debt. "But cash flow is the more important measure," he said.

Some analysts have also speculated that, if banks were concerned about the net earnings outlook, they might seek to secure cash flows from its Hong Kong telecommunications operations as collateral for new lending.

At the extreme, this could see these revenues collected in an escrow account, on which the new financing facility might have first call.

Such an arrangement would significantly alter the risk profile presented by the performance of the CyberWorks convertible bond, which is trading at an implied yield of some 600 basis points above Libor - even after taking into account the convertibility.

A bond analyst last night said it would be wrong to project from this implied yield that CyberWorks would have to pay a similar yield were it to go to the bond market with a new issue.

"Bank lending is a relationship issue and the loan could be secured with a credit enhancement which would significantly lower its risk profile," the analyst said.

The bridging loan CyberWorks was seeking to refinance, he said, could be secured against HKT`s cash flows.
Quelle: South China Morning Post - www.scmp.com vom 02/11/00)
------------------
und noch was ....
------------------
LOCAL CHINESE NEWSPAPERS ARE TALKING ABOUT THESE COMPANIES...

PCCW-HKT
$6.00

Korea Telecom, the largest telecommunication company in Korea, is in talks with PCCW-HKT (0008), Telstra, and Singapore Telecom to sell its stake. An analyst said the government of South Korea, the largest shareholder of Korea Telecom, plans to dispose its 59% stake in the telecom operator to various companies. Therefore, PCCW-HKT can only acquire an insignificant stake.


Source: ET.A4

(Auch von heute aus http://www.asiascores.com/commentary/commentary.asp?cat=4)

[nippontrader]

Bush ist schon ok.
Und der bessere Amerikaner in Wirtschaftsfragen -
nicht er selbst, sondern seine Leute und die Reps.
Und das ist gut für uns.
Law and order (also mehr Macht der Obrigkeit) finde ich auch zum Kotzen.Aber wo Papa George ja Jahre lang erster Mann beim CIA war....

[RudiRich]

Ein "Killer" !!!
Hat während seiner Amtszeit als Governeur in Texas nicht einen
einzigen Todeskandidaten amnestiert, darunter waren sogar Minderjährige und Geisteskranke. Auch Interventionen von europäischer Seite haben den Mann kalt gelassen.

Nein, Danke!!!

RR

[varox]

Jaja, Bush ist der bessere Wirtschafter - aber wenn der gewinnt, dann werden viele Amerikaner ein Problem haben!
Mit Sozialabbau, gesetzlichen Mindestlohnsenkungen und freie Hand den Unternehmen ist es keine Kunst, gute Wirtschaftsdaten zu haben... vielleicht rede ich hier aber auch auf der falschen Website! :-/ @nippontrader, du sagst du haßt Law-and-Order, dann sch*** auf Bush - Gore wird die Wirtschaft nicht gleich im Käfig einsperren, oder?

[JoeUp]

Hallo,

wieso ist Bush der bessere Wirtschafter. nur weil er ein Rep. Ist!
Wieso hat Clinton 500 Millarden Haushaltsüberschuss und an wen will Bush das Geld
verteilen. Die Reps waren es die unter Reagan durch Firmenübernahmen massenweise
Arbeitsplätze vernichtet haben und durch massive Rüstungsausgaben die Ausgabenseite
hochgepuscht haben.
Wenn jetzt natürlich Nader und Ventura Gore die Stimmen an der linken Seite wegnehmen,
hat Bush grössere Chancen. Aber werr isdt besser fürs Land. Für die Gesellschaft und nicht
nur für die die Geld verdienen. Was haben die Vermögenden von ihrem Geld, wenn sie sich
mit wiederum hohem finanziellen Aufwand schützen müssen, weil die Einkommensgefälle
noch stärker werden.
Und natürlich ist es für Bush leicht, am Schreibtisch mal schnell ein Gnadengesuch abzulehnen
umdafür den harten Mann makieren zu können.
Er soll sich mal in die Todeszelle begeben und dem Kandidaten Auge in Auge erklären, warum
das Gnaden gesuch abgelehnt wird.
Trotzdem sehe ich schwarz für Gore. Die Amerikaner bekommen letztlich das was sie verdienen!

JoeUp