VALE Vale

[Dostoievsky]

Un favor a los AT del foro, invoco a quienduda, tanque, ricota etc...

Pueden tirar un at del dollar index?

[Dostoievsky]

Una de machines laburando acá q da miedo, todas fraccion onda 5,3325

[ENTRERRIANO]

MUCHACHOS COMO VEN AL CONTADO CON LIQUI... DESPUES DE LAS ELECCIONES SI GANAN LOS K POR MUCHO

[ENTRERRIANO]

ESTOS PRECIOS SON INCREIBLES... EL QUE AGUANTE VA A GANAR MUCHA GUITA

[Tanque]

Linda envolvente semanal si cierra en 6 mecha

[ENTRERRIANO]

ACA EN LA LOCAL DA PARA PAGAR 35,50 35,80... EL CONTADO CON LIQUI... ESTA VENDIENDO A 12,90.... ES TAPON... CAZA GILES

[mmarcodelpont]

Anotan 30k en venta en 35...claramente no quieren vender sino taponar...

173 46 y 200... no importa si total el vol es afuera... esta ajusta x ccl... si no se mandan cagadas en la fed esta va a 6 usd esta semanita...

[CIRUZZO EL MILLONARIO]

Anotan 30k en venta en 35...claramente no quieren vender sino taponar...

[diego0708]

es bueno todo cierre por sobre 5.25

[Dostoievsky]

y Dimitra DeFotis

Leverage is an increasing concern for investors in Brazil mining giant Vale ( VALE) as commodity prices fall and the Brazilian real weakens.

Vale shares are rallying this morning as iron ore prices and the Brazilian real strengthen. In U.S. trading Vale shares were climbing in late morning trading; they were up 4.8% to $5.24. Other miners were also higher: BHP Billiton ( BHP) rose 2.9% and Rio Tinto ( RIO) was up 2%.

In a fresh sensitivity analysis, Morgan Stanley analysts Carlos De Alba and Lulica Rocha note that Vale's total debt has not increased, but clients are concerned about borrowings. Morgan Stanley conclude that if prices for iron ore - Vale's key export -- remain at $50 per ton between 2015 and 2017, Vale's net debt to earnings before interest, taxes, depreciation and amortization could peak at 5.7 times in 2016 from a multiple of 5.1 times today. But the company continues to reinvest in its business, and faces a free cash flow gap until 2017. Morgan Stanley examined the possibility that Vale could need cash that is earmarked for payouts. Here's what they conclude:


" ... if Vale didn't pay the second tranche of this years' dividends ($1 billion) and failed to close the project financing for Nacala by year--end ($2.4 billion in our model), the company would end the year with a negative free cash flow post--dividends of $3.8 billion. Note that on this exercise we are not considering possible divestments ..."


Morgan Stanley analysts have an Underweight rating on Vale's U.S.-traded shares and a $5.80 price target, implying roughly 10% upside on the U.S.-traded shares. Vale stock recently moved below $5 for the first time in a decade. But Morgan Stanley thinks the shares are overvalued:


"Vale trades at 16.7 times the average 2016--18e EPS derived at current spot prices, significantly above its historical average multiple of 8 times. Under a scenario of current spot commodity prices and BRL, and keeping all other assumptions unchanged, we calculate the company would post EPS of US$0.08 in 2016, US$0.23 in 2017 and US$0.59 in 2018."


See our post, " Brazil Miner Vale Dips Below $5 For First Time In Decade." Vale last week reported its second-highest quarterly iron ore production in history. For more, see Vale's second quarter production report in PDF form.

More at Barron's Emerging Markets blog, http://blogs.barrons.com/emergingmarketsdaily/

avisales que solo con la devaluacion de hoy el fcf mejora 400 palos de acá a 2017. Ni loco creo q este a un forward p/e de 17, pero ni de casualidad, como me gustaria q muestren los números...

[ElNegro]

el i.o 51,22

[ElNegro]

tiene unas ganas de explotar,pero la frenan mal.
Sigo insistiendo con el balance,la excusa para volar

[Tanque]

Me refiero a vale 3

[Tanque]

Qué lindo lo que está haciendo afuera

[LJP]

7 arriba afuera. aca no se dieron cuenta . encima sube el ccl.

el balance si viene bien la mete encima de los 6 dolares