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Affichage des résultats pour les étiquettes 'cash'.
9 résultats trouvés
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C’est une disgrâce architecturale, Saint-Henri mérite mieux, tous les autres quartiers aussi. Ce projet n’a aucun sens, on parle d’architecture ou de développement à tout prix? Ce que je vois là c’est un hangar cheap de trois étages déposé sur une petite usine préexistante pour faire du cash vite fait. Oui au développement, oui au développement bien fait! SVP, ne pas confondre la qualité de l'illustration avec la qualité du projet
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Cogeco to pay $1.36 billion for Atlantic Broadband; shares dive
un sujet a posté WestAust dans L'actualité
(Reuters) - Cogeco Cable Inc, a Canadian company that serves mostly rural customers in Ontario and Quebec, said on Wednesday it will pay $1.36 billion to buy U.S. cable operator Atlantic Broadband in a move aimed at gaining a foothold in the larger U.S. market. The deal, however, quickly triggered a 15 percent decline in Cogeco's share price, with investors skeptical of Cogeco's success in foreign deals following an unsuccessful foray into Europe. In February, Cogeco sold its struggling Portuguese cable unit, Cabovisao, at roughly one-tenth the price it paid for it in 2006. Cogeco was unable to weather a harsh pricing war and the broader economic malaise in the country. Montreal-based Cogeco, which provides cable-TV, high-speed Internet and telephone services, said the Atlantic Broadband acquisition will give it sizable opportunities for growth. Atlantic Broadband is owned by private equity firms ABRY Partners and Oak Hill Capital Partners and has operations that service about 250,000 customers in Pennsylvania, Maryland, Florida, Delaware and South Carolina. "This acquisition marks an attractive entry point into the U.S. market for Cogeco Cable," said Chief Executive Louis Audet. Analysts, though, sounded dubious on a hastily arranged conference call in which Audet and other executives had to fend off tough questions about the price being offered, Cogeco's ability to succeed outside its home market, and Atlantic Broadband's growth prospects. CASH AND DEBT Cogeco said it would finance the deal with a combination of cash and debt. Cogeco plans to use $150 million in cash, along with $550 million of a $750 million credit facility to fund the deal. Bank of America Merrill Lynch is also arranging a $660 million committed debt facility to fund the deal. In a note to clients, Canaccord Genuity analyst Dvai Ghose said the sell-off in Cogeco shares might also be prompted by some investor concerns that Cogeco may have to issue equity to reduce its debt load further down the road. Cogeco Cable's share price fell 15.5 percent to C$37.60 on the Toronto Stock Exchange after the deal was announced on Wednesday morning. Shares of its parent Cogeco Inc fell 11.6 percent to C$37.50. Ghose said the offer values Atlantic Broadband at 8.3 times its estimates 2013 earnings before interest, taxes, depreciation and amortization (EBITDA). That he noted is well in excess of Cogeco Cable's own enterprise value of five times estimated fiscal 2013 EBITDA. Canada's largest mobile phone company, Rogers Communications Inc, which owns significant interests in both Cogeco Inc and subsidiary Cogeco Cable, could not be immediately reached for comment on the proposed deal. CANADA SATURATED "There is room for further U.S. growth, either through an increase in penetration ... or through tuck-in acquisitions, a number of which are available in the United States, in contrast to Canada, where the consolidation is essentially over," Audet said on the conference call. Cogeco Cable warned last week that its Canadian business would slow as tough competition makes it more difficult to sign up customers. It cut its customer growth forecasts by 10 percent as it lost television customers and recorded slower growth in Internet and telephone services. Larger rivals such as BCE Inc and Quebecor Inc operate in the same markets and are expanding into Cogeco's rural heartland. Audet said Atlantic's low penetration rate - the number of customers divided by the number of homes it would be possible to service in existing markets - means it has promising growth potential. "This transaction at this stage is not about synergies. It's about establishing a healthy, promising base from which to grow in the United States," he said. http://www.reuters.com/article/2012/07/18/net-us-cogecocable-atlanticbroadband-idUSBRE86H0VC20120718 -
(Courtesy of The New York Times) Holy crap! The new AT&T going to have 129.23 million customers. It would be like Bell buying out Telus.
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(Courtesy of The Financial Post) Courtesy of The Economist (Courtesy of the Business Insider) -
Couple of old projects that never saw the light of day as they were planned ...Cite Concordia was drastically downsized and redesigned... Dashed projects - 1968 Two downtown projects that never happened. The Eaton-Mace project was a $125,000,0000 building slated for the area bounded by St. Catherine and Sherbrooke between University & Mansfield. It was guided by Brigadier-General Gordon Dorward de Salaberry Wotherspoon. The Montreal Trust mortgage group took it over after Mace ran out of cash. The Place de la Concorde was a $250,000,000 project to be plopped between Milton and Pine, Ste. Famile and Hutchison, roughly the area of what they tried to do a couple of years later with the La Cite project which would have levelled much of the McGill ghetto had it not it not been largely blocked by protests. I was not able to post it in cancelled projects!!
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Read more: http://www.montrealgazette.com/business/Honda+expands+recall+more+Toyotas+probed/2545016/story.html#ixzz0fArsGWkh Hmm....
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Une image.
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J'ai trouvé cet article sur Cyberpresse. Je crois que c'est une très bonne idée. Il serait temps que nous exploitions nos connaissances et notre "or bleu" pour renflouer nos coffres vides!! Le Québec a un manque sérieux de cash. Dommage que cette proposition de cet ingénieur ne se rendra pas aux politiciens! http://lapresseaffaires.cyberpresse.ca/economie/energie-et-ressources/200907/15/01-884186-des-milliards-avec-leau-du-nord.php
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By Sarah Mulholland April 23 (Bloomberg) -- Loan extensions will likely be insufficient to prevent a wave of commercial real-estate defaults as borrowers struggle to refinance debt amid tighter lending standards and plummeting property values, according to Deutsche Bank AG analysts. As much as $1 trillion in commercial mortgages maturing during the next decade will be unable to secure financing without significant cash injections from property owners, according to the Deutsche analysts. At least two-thirds, or $410 billion, of commercial mortgages bundled and sold as bonds coming due between 2009 and 2018 will need additional cash infusions to refinance, the analysts led by Richard Parkus in New York said in a report yesterday. Many commercial real-estate borrowers will be unwilling or unable to put additional equity into the properties, and will have to negotiate to extend the loan or walk away from the property, the analysts said. The volume of potentially troubled loans and declining real-estate values will make loan extensions harder to obtain. “The scale of this issue is virtually unprecedented in commercial real estate, and its impact is likely to dominate the industry for the better part of a decade,” the analysts said. Many dismiss the seriousness of the problem by assuming lenders will agree to extend maturities, according to the report. That approach might work if the amount of loans that failed to refinance was relatively small, but the percentage is likely to be 60 to 70 percent, the analysts said. The overhang of distressed real estate will hinder price appreciation, making lenders less likely to extend mortgages with the expectation that the value of the property will rise enough to qualify for refinancing, the analysts said. Loans made in 2007 when prices peaked and underwriting standards bottomed will face the biggest hurdles to refinancing. Roughly 80 percent of commercial mortgages packaged into bonds in 2007 wouldn’t qualify for refinancing, according to Deutsche data.
