Suzlon Energy vor Neubewertung

On conversion of bonds
Suzlon Energy announced the allotment of 10,52,49,608 equity shares of Rs 2 each on conversion of 27,018 USD 546,916,000 Step-up Convertible Bonds due July 2019.

Post the allotment, the paid up capital of the Company is Rs 762.59 crore dividend into 381,29,64,803 equity shares of Rs 2 each.
http://www.business-standard.com/article/news-cm/...5042001078_1.html  

 

Habe im Moment kein gutes Gefühl bei der Aktie, da indischer Aktienmarkt scheinbar Rückwärtsgang eingelegt hat;
aber vielleicht täusch ich mich auch wieder mal und am Montag gibt es ordentlichen Sprung nach oben und die Aussteiger schauen in die Röhre...  

die ja eine starke Verwässerung des Aktienwertes bedeuten.s #144 Downgrade von HSBC  offenbar 35% der Aktienzahl 2015
und Indowind Regressansprüche ?
http://www.business-standard.com/article/...spute-115040900713_1.html  

There has been a block deal of 1478473 shares in Suzlon Energy at Rs 23.45 per share, valued at Rs 3.47 crore on NSE today.

http://mmb.moneycontrol.com/stock-message-forum/...gy/comments/246287

Verkäufe?  

NSE / BSE Indien:

http://de.advfn.com/...0&height=600&min_pre=0&min_after=0

http://de.advfn.com/...&s=BSE%3ASUZLON&p=0&t=37&vol=1

http://www.thehindubusinessline.com/companies/.../article7157660.ece?  

von den insgesamt 16500 Cr Schulden und den Rest für Working Capital nehmen

...."We are in talks with our lenders and plan to pay back around Rs 5,000 crore of our debt. The remaining Rs 2,000 crore will be used as working capital funds," Suzlon group chief financial officer Kirti Vagadia told PTI over phone.....
http://www.business-standard.com/article/...ceeds-115043001106_1.html

mieses Geschäft der Verkauf
 

http://www.moneycontrol.com/stocks/reports/...renew-power-958602.html  

toller Sprung +6% auf  25,55 Rupien, da winken die 30 Rupien im Lande der riesigen Möglichkeiten bei über 1 Milliarde Menschen

 

43 of its 2.1MW S97 units at two sites in the state – 29 at Kode and 14 at Limbwas .
Commissioning is scheduled for March 2016.

The share of Suzlon Energy gained more than 8 percent intraday Friday on the back of its investment plan of Rs 21000 crore. The company is going to invest Rs 21,000 crore in Andhra Pradesh over a period of five years. On Wednesday, Suzlon group has won new order of 90MW turnkey project from its existing customer, ReNew Power.

Read more at: http://www.moneycontrol.com/news/buzzingstocks/..._source=ref_article

 

The total investment to acquire 26% stake works out to Rs 2,837 crore.
Das Geld von Senvion wurde grösstenteils zur Schuldenlöschung verwendet.Sind sie wieder kreditfähig geworden?
 

http://www.moneycontrol.com/stocks/stock_market/....php?autono=963367

Suzlon Energy Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 29, 2015, to approve the Audited Financial Results of the Company on Standalone and Consolidated basis for the financial year ended on March 31, 2015....Regulations, 2015, the Trading Window of the Company has been closed from May 29, 2015 till May 31, 2015 (both days inclusive) for the purpose of declaration of the Audited Financial Results of the Company.

-1.72% an BSE   Frankfurt spinnt völlig  

am 29 Mai enttäuscht ....
ist m.E. zu früh für substantielle Gewinne  

Bin wieder nach der Schwächephase investiert, obwohl oft nach dem meeting die Kurse unschöne Richtung genommen haben;
aber eigentlich könnten wir jetzt doch nach dieser Schamfrist die 30Rp mal überspringen und Kurs auf das freie Meer nehmen zu neuen Ufern des Kurses  

wenn man 6 Monate Zeit hat kann man bessere Ergebnisse kriegen

http://www.moneycontrol.com/news/stocksviews/...l-bothra_1392003.html
 

jetzt gebe es auch ausländische Investoren, die nach Indien kommen

He pointed out that investments into the renewables sector stood was seen doubling from Rs 3 billion in FY15 to Rs 6 billion in FY16 and may increase further to Rs 8-9 billion in the next fiscal.


http://www.moneycontrol.com/news/business/...tulsi-tanti_1391779.html  

index of the top 100 listed companies  in the country,

Read more at: http://www.moneycontrol.com/news/market-news/...tm_source=ref_article  

ich frage mich immer ,ob das der Marketmaker selber ist der zu 1,50 kauft, während am NSE 23 Millionen zu minus 0,53% gelaufen sind  

Habe akzeptiert, dass Fr sich einfach nach den Käufen hier bei uns richtet, als wenn es eine eigene Aktie mit allerdings geringem Volumen wäre;
natürlich hat Indien und der Marketmaker hier das Sagen und auch wir mit unseren Käufen bzw. Verkäufen können Einfluss nehmen; heut übrigens Q1 Zahlen nachbörslich in Indien sehen noch nicht allzu berauschend aus; hoffe, dass Indien Aktie nicht tief fallen lässt

http://www.bseindia.com/corporates/...8ca-f2ec-4445-b72d-b616757d3a89  

man braucht viel Zeit wenn man bessere Kurse sehen will
und man sollte zum Kaufen die kommende Schwächephase nutzen  

Vestas Wettbewerber Suzlon Energy kam aus dem letzten Quartal mit einem massiven Defizit.
Der indische Windturbinenhersteller landete einen Verlust im vierten Quartal ein minus von 1,212 Mrd. Rupien oder rund minus 1,2 Milliarden. kr.

Im gleichen Zeitraum des Vorjahres war das Minus halb so hoch

Der Umsatz sank um 4.926 crore von 6645 und darüber hinaus wurde das Unternehmen von durch den Verkauf der deutschen Tochtergesellschaft Senvion an einen Private-Equity-Fonds getroffen

http://borsen.dk/nyheder/virksomheder/artikel/1/...t.html?hl=VmVzdGFz  

Jetzt ist doch ein massiver Absturz - wie ich befürchtet habe - gekommen und dies wird wohl zu Kursen unter 20 Rupien führen bevor es überraschend dann wieder aufwärts geht. Eventuell lassen sie die Aktie bei allgemein wieder schlechterer Lage in Indien aber auch noch weiter durchrutschen; die Hitzewelle hat bei denen die Aktienlust wohl erst mal abgetötet  

von Centerbridge
Indian private equity fund Arpwood Capital has purchased a stake in German wind turbine maker Senvion from owner Centerbridge Partners.

“The Centerbridge investment team has known Arpwood for many years and their help was instrumental ‎in getting the acquisition completed,” said a spokesperson to Senvion said.

“That's why Centerbridge invited Arpwood to join as a passive minority co-investment partner at their holding level.”

According to local media reports, the 21% stake is worth $112m.

The governance between Senvion and Centerbridge will remain unchanged, the spokesperson added. “Senvion is off to a good start since the acquisition and Centerbridge is excited to financially support our growth going forward.”

http://renews.biz/90148/indian-fund-takes-senvion-stake/  

Sehr guter Bericht über die Probleme
KOLKATA -- Suzlon Energy, the Indian wind turbine maker that was behind the country's biggest convertible bond default two years ago, is hoping that a recovery in the wind power sector will help it emerge from five years of endless crises.

    Helped by radical debt restructuring and a huge equity infusion by a billionaire pharmaceutical tycoon, analysts say the company now has a chance of making an ambitious turnaround strategy work.

    Tulsi Tanti, the founder and chairman of Suzlon known for his chutzpah, even claims that by March 2016, Suzlon will be the most profitable wind turbine company in the world after six years of losing money.

    "Over the years we have had a few challenges, but they are now behind us," said Tanti. "Our focus has now shifted from liability management to growth. We have consolidated and our strategy [now] is high growth, high volumes," he added.

Confidence and unbridled ambition have always been Tanti's hallmarks. They catapulted Suzlon to the top of the Indian market and made it count among the biggest wind turbine manufacturers globally in just a decade after its inception in 1990. But those traits also caused Suzlon's downfall about six years ago.

    Suzlon's hard times started in 2008, when a blade broke off one of its turbines in the U.S. A series of other quality issues followed, from turbine breakdowns to cracked blades, leading to a tarnished image, a spate of cancelled orders and a battering in the stock markets. From its peak of 2300 rupees per share in December 2008, Suzlon's fortunes tumbled over the next few years as did its share price, hitting an historic low of 6.4 rupees in October 2013.

    Unfortunately for Tanti, he was in the midst of an ambitious global expansion plan that was buoyed by his confidence in a burgeoning Indian market. In 2007, Suzlon acquired the controlling stake in REpower Systems (later renamed Senvion), a German wind turbine maker, for 1.5 billion euros. That led to a significant piling up of debt for Suzlon.

    However, Tanti's game plan was dealt its severest blow when Lehman Brothers collapsed, leading to the global financial crisis. The subsequent economic slowdown not only hurt Suzlon's order flow, but also resulted in a liquidity squeeze.

To add to his woes, India's wind power sector took a sudden turn for the worse when in April 2012 the Indian government abruptly withdrew a major incentive for wind farms: It cancelled a tax break that allowed wind farm owners to claim accelerated depreciation on 80% of the cost of wind projects in the first year of installation. It was a great way for wealthy individuals and companies to pay less tax.

    By late 2012, an over-leveraged balance sheet and dwindling sales became unmanageable. Suzlon failed to pay back a $209 million convertible debt due that October.

Overambitious expansion

"We laud his ambition and brio but he bit [off] more than he could chew. Tanti should have consolidated in India first before going in for his global expansion,"said an analyst who asked not to be named.

    Today, Suzlon's path to recovery will be aided by the wind power industry's recovery from a slump that began in 2013. According to the Global Wind Energy Council, 2015 has been a great year so far, with revenue up 44% from a year ago and record installations of more than 51 gigawatts. Much of the increase was accounted for by China, Germany, the U.S., Brazil and India.

    Suzlon's recovery has yet to show in its bottom line. For the year ended March 2015, its net loss doubled from the year before to 1.21 billion rupees, although earnings before interest, taxes, depreciation and amortization (Ebitda) reached 3.16 billion rupees, compared with a loss of 1.41 billion rupees in 2014. Its chief financial officer said on May 29 the business is now adequately funded because of two developments.

    Suzlon has agreed to sell Senvion to Centerbridge, a U.S.-based distressed asset fund, for 72 billion rupees. The fire sale was necessary to cut down its debt, the company said.

It has also convinced Dilip Sanghvi, the billionaire-founder of Sun Pharmaceutical Industry, to invest 18 billion rupees in a joint venture to set up a 450 MW wind farm in the coming year.

    According to Suzlon, these two deals will more than halve its debt to 81 billion rupees, from 165 billion rupees, as well as provide fresh working capital. The new wind farm will also bring in 4.5 billion rupees in sales for Suzlon and help ramp up capacity utilization from 35% to 55% by March 2016, said Tanti. "India will contribute a lion share to Suzlon's revenues," he said.

Shift in focus

The domestic focus marks a major shift in Suzlon's strategy, analysts said
Amar Kedia, an analyst at Nomura Securities, said Suzlon enjoys special advantages as a local player in India. "It is a first mover. And two, it can implement projects on a turnkey basis for its clients," he said. He recently upgraded Suzlon to "buy."

    Even the government is helping Tanti's revival efforts with the re-introduction of wind power incentives and other measures aimed at meeting the government's ambitious target of 60GW of wind energy capacity by 2022. That should drive demand and help the sector reboot, say analysts.

    Nevertheless, major challenges remain. Abhinav Sharma of HDFC Securities said the biggest problem is that wind farming is a land-intensive business.

    Suzlon's unique selling proposition is to provide wind farm investors with a full range of services, starting from land acquisition, to setting up wind farms, to liaising with and selling the power to state-owned grids. Typically, a wind farm needs 10-15 acres of land.

    "India is not a country blessed with numerous high quality wind sites. Most good quality wind sites have already been utilized. Thus, finding sites at an attractive price remains a challenge," said Sharma.

    Still, Tanti is undaunted."Our order book is witnessing a lot of traction and we are set to regain [the lost] market share. With technologically advanced products, best-in-class service, and integrated manufacturing capabilities, we are best positioned to tap [into] Indian and global renewable energy opportunities and substantially improve [our] performance in financial year 2016," he said.
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