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Kardan 2018

2.247 Posts
Pagina: «« 1 ... 43 44 45 46 47 ... 113 »» | Laatste | Omlaag ↓
  1. forum rang 10 DeZwarteRidder 28 maart 2018 22:25
    Verlies Kardan loopt terug

    Gepubliceerd op 28 mrt 2018 om 22:05 | Views: 52

    Kardan 17:35
    0,15 -0,01 (-3,62%)

    EL AVIV (AFN) - De Israëlische investeerder Kardan heeft zijn verlies het afgelopen jaar bijna gehalveerd. Het bedrijf profiteerde van de verkoop van het belang in Star Pumped Storage en gunstige wisselkoersverschillen tussen de euro en de Israëlische shekel.

    Het nettoverlies bedroeg 17,1 miljoen euro. Dat was een jaar eerder nog 31,3 miljoen euro. Star Pumped Storage droeg 7,1 miljoen euro bij aan het resultaat. De omzet steeg naar 15 miljoen euro, tegenover 11,1 miljoen een jaar eerder. Zowel de infrastructuur- als de wateractiviteiten deden het volgens topman Ariel Hasson goed.

    De verkoop van dochtermaatschappij Tahal laat nog altijd op zich wachten. Daardoor kunnen ook schuldeisers nog niet worden terugbetaald. De onderhandelingen daarover lopen volgens Hasson nog. ,,We zijn hoopvol dat we binnenkort tot een akkoord kunnen komen."
  2. Steenbok1972 28 maart 2018 22:28
    quote:

    DeZwarteRidder schreef op 28 maart 2018 22:25:

    Verlies Kardan loopt terug

    Gepubliceerd op 28 mrt 2018 om 22:05 | Views: 52

    Kardan 17:35
    0,15 -0,01 (-3,62%)

    EL AVIV (AFN) - De Israëlische investeerder Kardan heeft zijn verlies het afgelopen jaar bijna gehalveerd. Het bedrijf profiteerde van de verkoop van het belang in Star Pumped Storage en gunstige wisselkoersverschillen tussen de euro en de Israëlische shekel.

    Het nettoverlies bedroeg 17,1 miljoen euro. Dat was een jaar eerder nog 31,3 miljoen euro. Star Pumped Storage droeg 7,1 miljoen euro bij aan het resultaat. De omzet steeg naar 15 miljoen euro, tegenover 11,1 miljoen een jaar eerder. Zowel de infrastructuur- als de wateractiviteiten deden het volgens topman Ariel Hasson goed.

    De verkoop van dochtermaatschappij Tahal laat nog altijd op zich wachten. Daardoor kunnen ook schuldeisers nog niet worden terugbetaald. De onderhandelingen daarover lopen volgens Hasson nog. ,,We zijn hoopvol dat we binnenkort tot een akkoord kunnen komen."

    Wat is jouw mening van bovenstaande Ridder ?
  3. forum rang 10 DeZwarteRidder 28 maart 2018 22:29
    3. In regards to the sale of the Company’s holdings in TGI –as of the date of this report the Company
    does not have accurate information regarding the net consideration which would be
    received from the transaction and which would be used for repayment to the Debenture Holders.
    As aforesaid, as of the date of this report, the negotiations regarding the sale of TGI were
    not yet completed, and accordingly, it is not certain that a sale agreement will be signed,
    that the expected consideration will equal the consideration included in the cash flow
    forecast or the date on which the consideration would be received by the Company.
    4. It is noted, that according to the negotiations for the sale of TGI, the Company expects to receive
    the majority of the consideration upon completion of the sale transaction, if completed, and that it
    could be used to make payment to the Debenture Holders (assuming that there will be no other
    restrictions from making such payments).The remaining part of the consideration is expected to be
    deposited in escrow for a certain period to secure certain representations given by the Company.
    In the preparation of the cash flow forecast, it was assumed that all of the expected consideration
    from the sale of TGI, could be used by the Company for the repayment to the Debenture Holders,
    however, as stated above, this is a mere assumption and there is no certainty that it would
    materialize.
    5. Generally, uncertainty is inherent in a forecast of sales of assets, mainly due to dependence on
    third parties, inter alia, due to: the need to find potential buyers and to reach agreements with them
    regarding the terms of the transaction, the need to receive relevant approvals, the Company's need
    to obtain the approval of the debenture holders to some of the transactions, and the need of
    potential buyers to reach agreements with financing parties in order to obtain funding for such
    acquisitions.
    6. As detailed in the press release issued by the Company on November 23, 2017, the Company
    approached the trustees of the Debenture Holders (‘the Trustees’) requesting them to conduct
    negotiations in relation to rescheduling the payments to the Debenture Holders (series A and B)
    (‘the Debenture Holders’) due to reasonable possibility of delays in the sale process of TGI which
    may prevent the Company from meeting the coming payment due in February 2018. On January
    11, 2018, the Company announced it was unable to complete the sale transaction of its holdings in
    TGI in a manner that will allow it to meet the payments to the Debenture Holders set for February
    2018. On January 31, 2018, the Company issued an announcement clarifying and emphasizing
    that the Company will not be able to execute the payments to the Debenture Holders scheduled for
    February 2018, on time.
    7. The cash flow forecast in respect to the debentures principal repayment is based on the payment
    schedule as stated in the Deeds of Trust, including linkage to the Israeli CPI and interest at the rate
    specified in the deed (without interest on arrears), including
  4. forum rang 10 DeZwarteRidder 28 maart 2018 22:32
    Ariel Hasson, CEO of Kardan NV:
    “Both our real estate activities and water infrastructure activities both operationally performed positive in 2017. Our
    real estate activities in China, through our subsidiary KLC, is continuing to improve the performance of our mall in
    Dalian together with advancing the sale of the luxury residential units Europark Dalian. Also our water infrastructure
    activities, through our subsidiary Tahal, performed very well. Tahal won again many new multi-year projects,
    expanding its presence in Africa, Asia and Eastern Europe.
    Monetizing assets to meet our debt repayment obligations was and is our highest priority. We managed to sell our
    40.5% stake in Star Pumped Storage at the end of 2017 well above book value, resulting in a gain of € 7.1 million.
    We initiated the sale process of Tahal at the beginning of 2017. We did the utmost to close a transaction at the right
    conditions in time to repay our Feb 2018 obligation. However, early 2018 it became evident that we would not be
    able to complete the sale of Tahal in time to meet our payment date. Therefore in January 2018 we approached the
    debenture holders in order to negotiate the repayment schedule. In February 2018 we did not repay the scheduled
    payments to debenture holders. These negotiations are still ongoing and we are hopeful to come to an agreement
    soon. In parallel we continue our efforts to advance the transaction for the sale of Tahal.
    The future is likely to continue to be challenging for Kardan. We continue to face the task of repaying a substantial
    amount of outstanding debentures. We also have to deal with the forex exposure risk they pose. Also our equity
    position was severely impacted by foreign currencies and turned, in combination with the loss in the period, negative
    as per year-end 2017. To meet our obligations, we will continue to do the utmost to divest assets in a manner that
    will allow us to maximize value and proceeds and will strengthen our equity.”
  5. forum rang 10 DeZwarteRidder 28 maart 2018 22:36
    On March 19, 2018 Aurora published an announcement regarding postponing the final
    repayment date of debentures series A to 1.4.2018, in order to allow the debentures holders
    to instruct the trustee regarding the postponement of the final repayment date and the interest
    payment for a period of one month or any other period to be decided by the assembly.

    On March 26, 2018 Aurora announced the results of the assembly of the debenture holders
    series A of March 22, 2018 in which it was resolved to postpone the final repayment date of
    debentures series A to 1.5.2018.
  6. forum rang 10 DeZwarteRidder 28 maart 2018 22:48
    Overall summarized review of Q4 and yearly 2017 results

    Kardan recognized a consolidated net loss attributable to equity holders of € 17.1 million in 2017 compared to a net
    loss of € 31.3 million in 2016. The 2017 result includes a gain of € 7.1 million on the sale of TGI’s holding in Star
    Pumped Storage, while in 2016 the result included a € 15.2 million gain on the sale of TBIF.
    The net loss in the fourth quarter of 2017 amounted to € 2.8 million (Q4 2016: € 22.1 million net loss, mainly due to
    foreign currency losses).
    The financing expenses in 2017 include a positive impact of € 7.2 million net due to the strengthening of the EUR
    versus the NIS and the change in Israeli CPI on the Company’s debentures (2016: € 13.9 million negative).
    The Real Estate activities showed an improvement in revenue from the delivery of units in Europark Dalian project
    to € 8.6 million in 2017 (2016: € 0.8 million). Galleria Dalian gradually further improved its rental revenues. This
    resulted in total revenues of the Real Estate activities of € 15.0 million in 2017, an increase compared to revenues
    of € 8.5 million in 2016.
    Equity earnings from joint venture residential projects increased substantially to € 16.4 million (€ 2.4 million in 2016)
    as a result of the delivery of residential units and a significant increase in gross profitability.
    The interest expenses primarily related to the Europark Dalian loan which heavily impacted the net results. Together
    with the revaluation losses of the investment property and high tax expenses as a result of release of a deferred tax
    asset, this resulted in a net loss of € 14.6 million for the Real Estate activities. The net loss in 2016 (€ 15.2 million)
    included a deferred tax benefit of € 4.9 million.
    In the Water Infrastructure activities, the acceleration of new projects and the progress in existing projects were the
    key drivers of the 27% increase in revenue compared to 2016. Water Infrastructure contributed a net profit of € 13.1
    million in 2017 (2016: € 0.9 million). In 2017 the Company signed approximately USD 600 million worth of contracts
    out of which USD 467 million will be added to the existing order backlog of USD 672.1 million upon fulfillment of
    conditions precedent, mainly related to financial closing.
    As of Q1 2017, as a result of the process to sell the Company’s holdings in TGI (Kardan NV’s water infrastructure
    subsidiary), this subsidiary is presented as Held-For-Sale, and its results as discontinued operations. Therefore the
    Company does not present the water infrastructure activities as a segment in its consolidated financial statements.
    Avis Ukraine continued to show strong results and accordingly contributed a net profit of approximately € 2.4 million
    in 2017 (2016: €1.5 million).
    Taking into account the direct equity impact of foreign currency translation differences and changes in the hedge
    reserves combined with the net result, the total comprehensive loss to Kardan NV’s shareholders amounted to
    € 41.7 million in 2017 compared to a comprehensive loss of € 33.8 million in 2016. The other comprehensive loss
    was primarily a result of the impact of changes in foreign exchange rates, mainly the strengthening of the EUR vs
    the RMB
  7. [verwijderd] 28 maart 2018 22:55
    oh jeeee

    Outlook

    "De toekomst zal waarschijnlijk een uitdaging blijven voor Kardan", zei Hasson. "We zien ons geconfronteerd met de terugbetaling van een substantieel bedrag van een aantal uitstaande obligaties, terwijl we ook te maken hebben met risico's door onze blootstelling aan valuta-effecten", voegde hij toe. "Om aan onze verplichtingen te kunnen voldoen, zullen we ons uiterste best doen om activa te desinvesteren", aldus Hasson.
  8. ch@rter 28 maart 2018 23:04
    Ben weer terug van mn skivakantie en heb net veel onzinnige posts zitten lezen .. op die van @bik na .. die blijven altijd leuk!

    Netto verlies 17 mio (het vergelijken met vorige boekjaren staat leuk maar raakt kant noch wal)

    Mister A Schnur heeft ook zn snor gedrukt las ik in austria. Kortom de grootste "oud" aandeelhouder (kapitein) verlaat het conglomeraat met de muizen op zijn rug.

    Morgen ongetwijfeld up door de kreten van Corrie und Fleuri ..

    Lol
2.247 Posts
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