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AESAY: Holders of AES Tiete S.A. Common and Preferred ADRs will be required on a mandatory basis to surrender their ADRs for cancellation and exchange for the cash consideration received and calculated as follows: Gross Rate: $2.926336 Cancellation Fee: $0.05 Net Rate: $$2.876336
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
Another .40 cent dividend payable 5 October
yup it looks better now siaf
Randall, please reconsider taking a position in SIAF. You got out right before they announce the Mega farm. It should go to $1 pretty soon and then once listed on Nasdie who knows 4,5 maybe $10 within a 2-year period especially if they pay a divvy.
My opinion on this is it is ok if you can stomach the risk. It has paid a dividend for years. I own some. It is a real utility company. it xdates soon. The price has fell a lot lately. Taxes might be a concern on this one for a U S citizen. I am not a tax consultant. I am in this stock and I am ok with it for now. Actually it is a ADR. They usually pay a special dividend also.If I had any more available funds I would buy some more.The dividend went down a couple of cents this quarter though. They have been in business for years.But hey. I am not always right so buy stock on your dd I make mistakes like I did with siaf. stev has gotten me very good results though. my first position was up over 200 % I increased it.At one time they were listed on nasdaq that is something I doubt siaf could ever do. Stev will be on the real news in America too. They do make a profit before the real interest in the hemp sector and their stock price has really been much higher years ago. Don't take my word for it though because I think I am the worst investor in the world.thankfully I am right once in a while though. It helps make up all my losses.
Dividend ex- date 7 APRIL 2014 amount .21 U.S.
AES Tiete's Net Income Reaches R$ 881.4 Million in 2013
PR Newswire - 2/25/2014 7:35 PM ET
BARUERI, Brazil, Feb. 25, 2014/PRNewswire/ -- For AES Tiete, the year of 2013 was marked by the consolidation of the Company's commercialization strategy. During the course of the year, new contracts of own energy worth 475MWavg were settled for delivery in 2016. In 2014, the Company plans on making progress towards performing its energy commercialization strategy, and up to February, has managed to capture new contracts worth 230MWavg to deliver in 2016.
Regarding operational performance, in 2013 we began to reap the benefits from the enhancement in our physical-asset management policy. During the year, there was a reduction of 46% in the unscheduled lack of availability in AES Tiete's plants when compared to the previous year, which reflects the good practices and confidence in the maintenance of the Company's assets.
Investments in the modernization of our plants totaled R$ 206 million in 2013. For the period between 2014 to 2018, the Company plans on investing over R$ 600 million, seeking the continuous improvement of its operational conditions, guaranteeing availability in its generated park.
Despite the negative outcome from the downgrading of assured energy levels in early 2013, AES Tiete managed the costs exposed to the spot market and closed the year purchasing 264GW of energy, a volume 60% lower than the guidance disclosed in the beginning of the year of 663GW, due to the commercialization strategy during the second half of 2013. As a result, EBITDA for the FY of 2013 came to R$ 1,525.5 million, nearly flat in comparison with the result reported in the FY of 2012 (R$ 1,542.4 million).
AES Tiete proposes the distribution of all of the distributable income (R$ 952.7 million) for the FY of 2013, corresponding to 108.1% of the quarter's net income. The dividend yield for the year stood at 12.4% for common shares, and 12.6% for preferred shares.
AES TIETE INVITES:
Call / Webcast
PRESENTATION:
Mr. Britaldo Soares – Chief Executive Officer
Mr. Gustavo Pimenta - CFO and Investor Relations Office
DATE: Wednesday, February 26th, 2014
TIME: 11:00 a.m. (BR) / 9:00 a.m. (EDT)
CONNECTION:
Brazil: (+55 11) 4688-6341
USA:(+1) 888 700-0802
Other countries:(+1) 786 924-6977
SIMULTANEOUS INTERPRETATION INTO ENGLISH WILL BE PROVIDED
CONFERENCE CODE:AES Tiete
REPLAY: (+55 11) 4688-6312
CODE FOR PORTUGUESE: 2530233#
CODE FOR ENGLISH: 9078027#
AVAILABILITY:02/26/2014 through 03/04/2014
The presentation slides will be available for viewing and downloading on the website www.aestiete.com.br/ri.
The conference audio will also be streamed live online, on the same website, where it will be available after the event.
Investors Relations
+55 11 2195-7048
SOURCE AES Tiete
Before investing learn the risks there are many. Some you may not be aware of till later and that means you were deluded. I have been deluded. This is just information. Not a solicitation to PURCHASE A SECURITY. If you do that you are on your own and you may have to live with the results. Good or bad. So far I am all good on this but markets change fast and opinions don't matter. Get results . I will post my sharecount owned tommorrow
The dividend proposed by the company for this quarter is .23-.24 cents US provided no major currency fluxes. announcement 27 feb. I got this and translated it from aestiete website
Reported 881 million profit in 2013 on feb 25 at website.
Not a penny stock a real utility company
Last quarter got 213 million in revenue Brazilian
Earnings to be released 25 feb according to their website
Just bought this company. Looks good to me now. intelligent posts welcome.
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