K+S
Ich hoffe es wird so von Ariva akzeptiert. Das andere Forum ist nicht mehr vertretbar.
Ich hab es eröffnet, weil es auch stille Mitleser gibt, die keinen Zugang zu Gruppen haben. Weiterhin ist es hier nicht total streng. Es dürfen alle möglichen Dinge geschrieben werden. Es sollte nur nicht so ausufern wie im alten Thread.
Danke
Bitte halte jeden hier fern der mehrmals nur pöbelt oder sinnloses Zeug schreibt!
Aber nicht 30 Postings mit einem Wort. Da ist es unmöglich, noch Dinge zu finden. Das halbe Forum bestand bei mir aus grauen Balken.
Hi allerseits,
vielleicht interessiert es jemanden: Yara hat ein Fertilizer Handbook rausgebracht. Ist allerdings etwas fokussiert auf Stickstoffduenger. Interessant finde ich einige Graphiken. Und interessant ist (mal wieder), dass Afrika ein weisser Fleck auf der Duengerlandkarte ist. Wie lange noch? Yara war uebrigens gestern ueberraschend stark.
viele Gruesse
KPB
http://www.yara.com/investor_relations/...?tab=2014&cat=110_Other
Gestern war ich auch über Yara erstaunt. In einem fallenden Umfeld relativ stark behauptet.
http://www.ariva.de/forum/...-sind-drin-446694?page=1830#jumppos45764
mfg
Rating Action: Moody's assigns A3 ratings to Potash Corp notes
Global Credit Research - 04 Mar 2014
New York, March 04, 2014 -- Moody's Investors Service assigned an A3 rating to a proposed $1 billion offering of Potash Corporation of Saskatchewan's (PCS) senior unsecured notes. Proceeds from the debt issued will be used for repayment of debt maturing in May 2014 and for general corporate purposes. Moody's also assigned a (P)A3 rating to PCS's senior unsecured shelf registration. The ratings outlook is stable.
"The A3 rating incorporates the expectation that Potash's metrics will remain below 2.2x Debt/EBITDA in 2014 despite the drop in potash prices and volumes over the past two quarters," stated John Rogers Senior Vice President at Moody's.
RATINGS RATIONALE
The A3 rating reflects PCS's historically strong credit metrics, its low cost position in potash fertilizers and stable market positions in nitrogen and phosphate fertilizers. The ratings also reflect the company's considerable cash flow from operations in 2013 of over $3 billion, despite the drop in potash prices and volumes in the second half of the year. Moreover, cost reductions initiated after the drop in potash prices, combined with declining capital spending on capacity expansions, should increase financial flexibility over the next two years. Long term growth in fertilizer demand is supported by the need for greater agricultural productivity, especially in developing countries, which will be primarily driven by increases in food demand and biofuels production (primarily ethanol and biodiesel). As of December 31, 2013, PCS had Debt/EBITDA of roughly 1.4x, Retained Cash Flow/Debt of 43% and Free Cash Flow/Debt of 15%.
PCS' rating outlook is stable. An upgrade is unlikely over the next several years until the ultimate impact of new greenfield capacity additions is determined and management formalizes a financial policy that will ensure that Debt/EBITDA will be sustained below 1.5x and Retained Cash Flow/Debt will remain above 50%. A downgrade Is unlikely over the near term but could result from material debt-financed acquisitions or aggressive shareholder enhancement activities that cause Net Debt/EBITDA to rise meaningfully above 2.0x for a sustained period.
Rating Action: Moody's assigns A3 ratings to Potash Corp notes
Global Credit Research - 04 Mar 2014
New York, March 04, 2014 -- Moody's Investors Service assigned an A3 rating to a proposed $1 billion offering of Potash Corporation of Saskatchewan's (PCS) senior unsecured notes. Proceeds from the debt issued will be used for repayment of debt maturing in May 2014 and for general corporate purposes. Moody's also assigned a (P)A3 rating to PCS's senior unsecured shelf registration. The ratings outlook is stable.
"The A3 rating incorporates the expectation that Potash's metrics will remain below 2.2x Debt/EBITDA in 2014 despite the drop in potash prices and volumes over the past two quarters," stated John Rogers Senior Vice President at Moody's.
RATINGS RATIONALE
The A3 rating reflects PCS's historically strong credit metrics ???, its low cost position in potash fertilizers and stable market positions in nitrogen and phosphate fertilizers. The ratings also reflect the company's considerable cash flow from operations in 2013 of over $3 billion, despite the drop in potash prices and volumes in the second half of the year. Moreover, cost reductions initiated after the drop in potash prices, combined with declining capital spending on capacity expansions, should increase financial flexibility over the next two years. Long term growth in fertilizer demand is supported by the need for greater agricultural productivity, especially in developing countries, which will be primarily driven by increases in food demand and biofuels production (primarily ethanol and biodiesel). As of December 31, 2013, PCS had Debt/EBITDA??? of roughly 1.4x, Retained Cash Flow/Debt of 43% and Free Cash Flow/Debt of 15%.
PCS' rating outlook is stable. An upgrade is unlikely over the next several years until the ultimate impact of new greenfield capacity additions is determined and management formalizes a financial policy that will ensure that Debt/EBITDA will be sustained below 1.5x and Retained Cash Flow/Debt will remain above 50%. A downgrade Is unlikely over the near term but could result from material debt-financed acquisitions or aggressive shareholder enhancement activities that cause Net Debt/EBITDA to rise meaningfully above 2.0x for a sustained period.
Ich habe mal die Passagen , die ich nicht so verstehe verdickt und mit Fragezeichen versehen. Für mich insgesamt schwer zu verstehender Text. Auch eine richtige Übersetzung für credit metrics habe ich nicht gefunden. ;)
Konnte den alten nicht wiederbekommen. Was solls. Freue mich aber hier zu sein.
Gruß Jens
aber das weißt Du schon :)