Bond CMA CGM 5,25% 2025 euro callable XS1703065620

  • Ecco la 60° Edizione del settimanale "Le opportunità di Borsa" dedicato ai consulenti finanziari ed esperti di borsa.

    Questa settimana abbiamo assistito a nuovi record assoluti in Europa e a Wall Street. Il tutto, dopo una ottava che ha visto il susseguirsi di riunioni di banche centrali. Lunedì la Bank of Japan (BoJ) ha alzato i tassi per la prima volta dal 2007, mettendo fine all’era del costo del denaro negativo e al controllo della curva dei rendimenti. Mercoledì la Federal Reserve (Fed) ha confermato i tassi nel range 5,25%-5,50%, mentre i “dots”, le proiezioni dei funzionari sul costo del denaro, indicano sempre tre tagli nel corso del 2024. Il Fomc ha anche discusso in merito ad un possibile rallentamento del ritmo di riduzione del portafoglio titoli. Ieri la Bank of England (BoE) ha lasciato i tassi di interesse invariati al 5,25%. Per continuare a leggere visita il link

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Buongiorno a tutti , stavo valutando questo bond , XS1703065620 size 100k emesso da CMA CGM è una compagnia marittima FRANCESE con fatturato di 20b$, è la terza per importanza del mondo , perche' quota 87,5 e ha un cedola del 5,25% (ETLX) SCADENZA 2025 rating B obbligazione senior
Non RIESCO A CAPIRE perche' rende cosi tanto e non capisco perche' ha un rating cosi basso ,guardandoSOMMARIAMENTE i bilanci SEMBRANO in attivo ,GENTILMENTE qualcuno di voi ESPERTO IN BILANCI SOCIETARI guardando nei ripieghi del bilancio sa se ci sono problemi occulti in questa multinazionale francese ??? GRAZIE ANTICIPATAMENTE A CHI POTRA' DARMI SPIEGAZIONI :mmmm::mmmm:
 
Buongiorno a tutti , stavo valutando questo bond , XS1703065620 size 100k emesso da CMA CGM è una compagnia marittima FRANCESE con fatturato di 20b$, è la terza per importanza del mondo , perche' quota 87,5 e ha un cedola del 5,25% (ETLX) SCADENZA 2025 rating B obbligazione senior
Non RIESCO A CAPIRE perche' rende cosi tanto e non capisco perche' ha un rating cosi basso ,guardandoSOMMARIAMENTE i bilanci SEMBRANO in attivo ,GENTILMENTE qualcuno di voi ESPERTO IN BILANCI SOCIETARI guardando nei ripieghi del bilancio sa se ci sono problemi occulti in questa multinazionale francese ??? GRAZIE ANTICIPATAMENTE A CHI POTRA' DARMI SPIEGAZIONI :mmmm::mmmm:

Ciao, non conosco la società ma se S&P gli attribuisce un rating B+ siamo nella CATEGORIA SPECULATIVA(NON INVESTMENT GRADE) ed il prezzo riflette tale giudizio.........
 
Ciao, non conosco la società ma se S&P gli attribuisce un rating B+ siamo nella CATEGORIA SPECULATIVA(NON INVESTMENT GRADE) ed il prezzo riflette tale giudizio.........
Balcarlo grazie per la tua risposta, mi sorge pero' il dubbio che una societa che possiede 700 veissel ed è il terzo trasportatore MONDIALE di merci marittime dopo Maersk e MSC con fatturato di 20b$ e un utile di 100milioni di $ possa avere un rating maggiore di B+ , siccome pero' io non sono esperto in bilanci societari mi chiedo ma questo rating fotografa realmente la salute di un societa' di questo livello???
La vera domanda è rischioso metterci 87k ???
Mi piacerebbe avere un parere ANCHE da RUSSIABOND:D:D:D:D:D se ci sei RUSSIABOND rispondi
 
Balcarlo grazie per la tua risposta, mi sorge pero' il dubbio che una societa che possiede 700 veissel ed è il terzo trasportatore MONDIALE di merci marittime dopo Maersk e MSC con fatturato di 20b$ e un utile di 100milioni di $ possa avere un rating maggiore di B+ , siccome pero' io non sono esperto in bilanci societari mi chiedo ma questo rating fotografa realmente la salute di un societa' di questo livello???
La vera domanda è rischioso metterci 87k ???
Mi piacerebbe avere un parere ANCHE da RUSSIABOND:D:D:D:D:D se ci sei RUSSIABOND rispondi

https://www.cma-cgm.com/static/Fina.../2018 - Q4 - Annual Consolidated Accounts.pdf

La società è molto indebitata e sta bruciando cassa rapidamente.
 
Ultima modifica:
Daccordo sul indebitamento ma alla luce dei recenti cambiamenti , acquisizione Ceva in primis e riduzione del debit non mi spiego lo scivolone del bond negli ultimi giorni . Sarei grato se qualcuno mi potesse iluminare , premetto di essere un "dilettante"

Concordo, è molto strano che stia perdendo così tanto... visto che è una società piuttosto solida.
 
Pensiero di ingenuo

Pensando male non potrebbe essere un trasferimento mascherato di valori ? Riacquisto obbligazioni proprie ? Considerando che dalle dichiarazioni odierne della Fed e leggendo tra le righe l'indirizzo che le BCE vuol dare alle future tassazioni , non sul lavoro, quindi tassi a 0 o giu di li un tasso del 5 pagando il bond 70 e' piu che conveniente ti sei finanziato gratis . Non e' possibile creare moneta che non rende indefinitamente .
 
Ultima modifica:
Pensando male non potrebbe essere un trasferimento mascherato di valori ? Riacquisto obbligazioni proprie ? Considerando che dalle dichiarazioni odierne della Fed e leggendo tra le righe l'indirizzo che le BCE vuol dare alle future tassazioni , non sul lavoro, quindi tassi a 0 o giu di li un tasso del 5 pagando il bond 70 e' piu che conveniente ti sei finanziato gratis . Non e' possibile creare moneta che non rende indefinitamente .

Quindi vuoi dire che dopo risalirà?
 
UPDATE 1-CMA CGM sees southeast Asia taking up shipping slack in trade war 29/05/2019 18:04 - RSF
* French firm is world's no. 4 container shipping firm
* Slower China-U.S. flows weigh in Q1 after brisk Q4
* CFO says southeast Asia flows to U.S. rising
* CMA CGM ups savings target to $1.5 bln

(Adds details)
PARIS, May 29 (Reuters) - Shipping giant CMA CGM expects volumes to continue growing this year as increasing activity from southeast Asia towards the United States helps make up for the slowing China-U.S. trade that dragged on its first quarter.


French-based CMA CGM, the world's fourth-largest container shipping firm, reported on Wednesday a first-quarter net loss of $43 million, compared with a $77 million loss in the same period last year.

Group sales surged 36.9% to $7.41 billion, supported by a 4.4% increase in shipped volumes and the inclusion of CEVA Logistics , but core earnings were stable when removing the effect of CEVA and an accounting change relating to leases.

"We are very confident about seeing our volumes grow in 2019, regardless of the geopolitical climate," Chief Financial Officer Michel Sirat said.

"We had a slightly mixed performance in the first quarter," he told Reuters by telephone. "There was something of a ricochet from what happened in the previous quarter."
Brisk China-U.S. traffic, partly due to U.S. importers anticipating further tariffs in a trade dispute between Washington and Beijing, buoyed CMA CGM's activity in the second half of last year. (news)

But the resulting easing of China-U.S. flows at the start of this year then weighed on CMA CGM's performance, Sirat said. He added that profitability generally tended to be weaker in the first half before strengthening during a traditional second-half peak in U.S. demand.

CMA CGM was, however, seeing higher volumes from southeast Asia towards the United States, reflecting a shift in sourcing of goods from China to countries like Vietnam in response to U.S. tariffs, while increased traffic from Asia to Europe was also offsetting the reduced China-U.S. trade.

The company expected to achieve full-year growth of 5-7% in shipped volumes, outperforming the industry and helped by intra-regional services, he added.

Sirat noted that the French group was more optimistic than market leader A.P. Moller-Maersk , which last week warned that trade tensions and an economic slowdown were slowing growth in global freight. (news)

At the same time, CMA CGM said it had raised its cost-cutting target to $1.5 billion from $1.2 billion initially announced in March, with savings partly to come from simplifying routes.

Sirat also reiterated an objective to bring loss-making CEVA to break-even at the end of this year.
The takeover of CEVA, which CMA CGM estimates will cost it $1.6 billion, is aimed at expanding the shipping firm's presence in land transport.



(Reporting by Gus Trompiz, edited by Bate Felix and Kirsten Donovan)
((gus.trompiz@thomsonreuters.com; +33 1 49 49 52 18; Reuters Messaging: gus.trompiz.thomsonreuters.com@reuters.net))
 
Major Ocean Carriers CMA CGM and MSC to Join TradeLens Blockchain-Enabled Digital Shipping Platform 28/05/2019 14:27 - RSF
For best results when printing this announcement, please click on link below: http://pdf.reuters.com/htmlnews/htm...&u=urn:newsml:reuters.com:20190528:nPNAgn48Na

Major Ocean Carriers CMA CGM and MSC to Join TradeLens Blockchain-Enabled Digital Shipping Platform PR Newswire

COPENHAGEN, Denmark and ARMONK, New York, May 28, 2019

COPENHAGEN, Denmark and ARMONK, New York, May 28, 2019 /PRNewswire/ -- Global container carriers CMA CGM (CMA CGM GROUP | A leading worldwide shipping Group | Together, We'''re Shipping The Future) and MSC Mediterranean Shipping Company (MSC) today announced they will join TradeLens (TradeLens | Digitizing the global supply chain and transforming trade), a blockchain-enabled digital shipping platform, jointly developed by A.P. Moller - Maersk (MAERSKb.CO (https://www.google.com/search?sa=X&tbm=fin&q=CPH:+MAERSK-B)) and IBM (NYSE: IBM (IBM Investor relations)).

With CMA CGM, MSC, Maersk, and other carriers committed to the platform, data for nearly half of the world's ocean container cargo will be available on TradeLens. The addition of CMA CGM and MSC will provide a significant boost to the TradeLens vision of greater trust, transparency, and collaboration across supply chains to help promote global trade. The companies will promote TradeLens and create complementary services on top of the platform for their customers and partners.

"Digitization is a cornerstone of the CMA CGM Group's strategy to provide an end-to-end offer tailored to our customers' needs. We believe that TradeLens, with its commitment to open standards and open governance, is a key platform to help usher in this digital transformation," said Rajesh Krishnamurthy, Executive Vice President, IT & Transformations, CMA CGM Group. "TradeLens' network is already showing that participants from across the supply chain ecosystem can derive significant value."

"Digital collaboration is a key to the evolution of the container shipping industry. The TradeLens platform has enormous potential to spur the industry to digitize the supply chain and build collaboration around common standards," said André Simha, Chief Digital & Information Officer, MSC. "We think that the TradeLens Advisory Board, as well as standards bodies such as the Digital Container Shipping Association, will help accelerate that effort."

TradeLens enables participants to connect, share information and collaborate across the shipping supply chain ecosystem. Members gain a comprehensive view of their data and can digitally collaborate as cargo moves around the world, helping create a transparent, secured, immutable record of transactions.

The attributes of blockchain technology are ideally suited to large networks of disparate partners. Blockchain establishes a shared, immutable record of all the transactions that take place within a network and enables permissioned parties access to trusted data in real time.

With more than 100 participants on the platform today, TradeLens is already processing over ten million discrete shipping events and thousands of documents each week, providing shippers, carriers, freight forwarders, customs officials, port authorities, inland transportation providers, and others a common view of transactions, which can build trust. A commitment to data ownership rights and permissioned access to data helps ensure privacy and confidentiality while enabling users to collaborate more efficiently with real-time access to shipping data.

"The major advances IBM continues to make in blockchain illustrate that the technology is fostering new business models and playing an important role in how the world works," said Bridget van Kralingen, Senior Vice President, Global Industries, Clients, Platforms & Blockchain, IBM. "More than a hundred participants have put their trust in the TradeLens network and are gaining greater transparency and simplicity in the movement of goods. Together we are advancing a shared aim to modernize the world's trading ecosystems."

CMA CGM and MSC to Play an Important Role in the TradeLens Network CMA CGM and MSC will operate a blockchain node, participate in consensus to validate transactions, host data, and assume the critical role of acting as Trust Anchors, or validators, for the network. CMA CGM and MSC will be on the TradeLens Advisory Board which will include members across the supply chain to advise on standards for neutrality and openness.

Supporting the Entire Shipping Supply Chain "While carrier participation is critical, it is important to note that the TradeLens platform relies on participation from across the entire supply chain ecosystem," said Vincent Clerc, Chief Commercial Officer, A.P. Moller - Maersk. "Increasing ease of doing business for our customers and providing visibility across the container journey is at the center of the Maersk strategy. And TradeLens is all about that in its aim to transform the supply chain industry and provide value to all players, from freight forwarders, to ports and terminal operators and inland transportation providers, to customs and other governmental agencies, and ultimately to the customers themselves."

Beneficial cargo owners like Procter and Gamble will benefit from the addition of more carriers onto the platform. "P&G ships a significant volume of ocean containers every year. Whether filled with our products or the materials used in production, understanding the status of our containers helps us manage an efficient supply chain. We are convinced that the industry will benefit from the transparency and accuracy of blockchain solutions and we are pleased to see MSC, CMA CGM, and Maersk all on the TradeLens platform. We have been testing TradeLens for the P&G business and see potential as the solution scales. We look forward to industry-wide adoption to benefit all network members," said Michelle Eggers, Director Global Logistics Purchases, P&G.

About CMA CGM Led by Rodolphe Saadé, the CMA CGM Group is a world leader in shipping and logistics.

Its 509 vessels serve more than 420 ports on five continents around the world and carried nearly 21 million TEUs (twenty-foot equivalent units) in 2018.

With CEVA, a world leader in logistics services, CMA CGM handled more than 500,000 tons of airfreight and 1.9 million tons of inland freight in 2018. CMA CGM is enjoying sustained growth and is constantly innovating to offer customers new maritime, inland and logistics solutions.

Present on every continent and in 160 countries through its network of 755 offices and 750 warehouses, the Group employs 110,000 people worldwide, of which 2,400 in Marseille where its head office is located.

www.cmacgm-group.com

About MSC MSC Mediterranean Shipping Company S.A. is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte. As one of the world's leading container shipping lines, MSC operates 480 offices across 155 countries worldwide with over 70,000 employees. With access to an integrated network of road, rail and sea transport resources which stretches across the globe, the company prides itself on delivering global service with local knowledge. MSC's shipping line sails on more than 200 trade routes, calling at over 500 ports.

www.msc.com

About TradeLens The TradeLens platform has been jointly developed by Maersk and IBM. TradeLens is an open and neutral industry platform underpinned by blockchain technology, supported by major players across the global shipping industry. The platform promotes the efficient, transparent and secure exchange of information in order to foster greater collaboration and trust across the global supply chain.

TradeLens | Digitizing the global supply chain and transforming trade

Contacts:

CMA CGM media@cma-cgm.com

IBM Holli Haswell hhaswell@us.ibm.com +1 720- 396-5485

Maersk Mikkel Linnet Mikkel.Elbek.Linnet@maersk.com +45 3363 8515

MSC media@msc.com



SOURCE IBM



Photo: https://mma.prnewswire.com/media/893277/1.jpg https://mma.prnewswire.com/media/95470/ibm_logo.jpg

Website: http://www.ibm.com

Copyright (c) 2019 PR Newswire Association,LLC. All Rights Reserved.

Titoli correlati a questa news: IBM IBM.N (News, Quotazione),
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a me sembra una buona notizia...il che non giustifica il calo del bond... o sbaglio?
 
Infatti non capisco proprio questi scivoloni . Ho scandagliato tutta la rete in tutte le lingue , moltissime notizie ma nulla che possa giustificare il valore attuale . Daccordo il trasporto fluviale , la guerra commerciale UCA Cina ma mica e' affondata mezza flotta !
Una cosa curiosa , ho notato che alla borsa di Stoccarda il taglio minimo e solo 1000 e
 
Infatti non capisco proprio questi scivoloni . Ho scandagliato tutta la rete in tutte le lingue , moltissime notizie ma nulla che possa giustificare il valore attuale . Daccordo il trasporto fluviale , la guerra commerciale UCA Cina ma mica e' affondata mezza flotta !
Una cosa curiosa , ho notato che alla borsa di Stoccarda il taglio minimo e solo 1000 e

Cosi ha iniziato anche Astaldi
 
Sono daccordo, ambiti , persi e dimensioni incommensurabili , pero' pure oggi partenza col - .
Astaldi una discesa cosi ripida si e' vista solo alla fine
 
Daccordo sul indebitamento ma alla luce dei recenti cambiamenti , acquisizione Ceva in primis e riduzione del debit non mi spiego lo scivolone del bond negli ultimi giorni . Sarei grato se qualcuno mi potesse iluminare , premetto di essere un "dilettante"

L'acquisizione di CEVA ha portato ad un aumento del fatturato ma anche ulteriore pesante debito. E la società continua a bruciare cassa. Con questo trend finanziario non ci arriva sicuro al 2025, a meno che ovviamente non ci siano interventi di ricapitalizzazione.

Inoltre anche in CEVA ci sono parecchie cose da risolvere Analysis: The axe will fall on Ceva as CMA CGM's cost-cutting exercise gathers speed - The Loadstar
 
L'ho pensato pure io . Come ho gia scritto ricomprarsi il debito a 70 significa non pagare interessi e un fiore al occhiello Francese la lascieranno andare ? Credo proprio di no

Troppo importante per la Francia per lasciarla.....
 
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