Friday, July 24, 2015

Abengoa scare: the action & oacute; n strong volatility suffers because of doubts about its debt – EntornoInteligente

Fright Abengoa <- - AUGURE_NOTICIA_INICIO>: action suffers high volatility because of doubts about its debt / Cinco Dias / Abengoa tried yesterday to calm investors with an express call to analysts. The goal, shake the doubts about its accounts for the first half, their debts and their real liquidity. Banco Sabadell ensures that the second half will be very positive to meet market expectations and stressed that “in the question and answers it was confirmed that the market remains concerned with maturities of 2016 and the actual availability of liquidity “.

Abengoa B shares are 8% yesterday left this morning at a time of high tensions has come to lose 19% in the session. Sales are aggravated in the debt market and its debt maturing in 2020 marks a return of 12%, when in late June it was below 8%.

At the conference yesterday, the CEO of the group, Santiago Seage said the turnover for the first half of the year would be between 3,375 and 3,400 million euros, 3% more than in the same period 2014 and EBITDA repuntaría 9%, to 640 or 660 million.

Seage blamed the fall in stock market speculation with debt credit default (CDS) that cover the difference guarantees between high yield bonds-high performance- and exchangeable or convertible.

ABENGOA B 2.245 -7.384%

Information Cinco Dias

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