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Do we have a bottom at .40???
Anyone have a best-case senario about what the optimum outcome could be. Like, what if Altice buys PT, what would that likely do to share price of OIBR? Or, what if Altice does not? Also, is there any approximate time frame for buy out to occur?
Be sure to double down as it continues to dip before the RS.
I agree! I have been watching this for a few months and now I hold an awesome position here. This company has so much and at a ridiculous price. I'm holding for a long term play. Has too much going not to make huge $ and it will be a safe play! GLTY!!
You are correct! That's why I'm still watching, I would not buy this until the RS was done.
I only know of one RS that was done where the share holders benefited from it. The pps went from sub penny to dollars. It currently trades around $10 a share. So they can be done right! And be beneficial to share holders.
I will continue to keep this on my watch, there is potential to make a lot of $$$$ here if it's played right.
My experience with reverse splits hasn't been good. Usually
It takes 3 business days after the effective day of the split
for the shares to be received in at my broker (Scottrade) in
order to "settle." Meanwhile insiders dump and by the time
I could sell the stock has lost 50% of its "new" value. If the
problems that caused the RS in the first place are still there,
the stock will keep dropping below the threshold price of the
exchange and nothing is gained. Then they file a Chapter 11
and they shed their debt by issuing new shares and retail
holds the bag. It might be best to sell at a loss just before
the effective date of the spilt and buy back a week or more
after. Wish I knew the answer.
Undervalued for sure! I think the RS has scared a bunch of investors. I think it will continue to dip until the RS is done. Waiting and watching gonna get me some!
At this price it is unbelievable They have more cash than the market cap right now about .25 per share more just in cash. They have a large number of home phone subscribers and they are getting cable tv online. This is a billion dollar company selling at about 75% of cash on hand value. Dividends in the future too. The market is insanely wrong here. This is a stock listed on the New York stock exchange and they are a telecommunications service provider for both home and cell phones. A large number of subscribers . These guys own satellites and cell towers. This price is insane. They operate extremely profitably too and they are buying Portugals phone service company too. Numbers might not matter now but in time its gonna catch up and it might be 12.00- 14.00 by this time next year. Even with a reverse split pending this is a steal. A dividend isn't far away either.
The more people that sell the more I buy. I am liking these cheap prices.
More red! Could be worse than a 10 to 1 split. Still not good though!
Oh no I wont vote for a reverse split. My vote wont have much effect though.I don't see how any stock holder could want one.
A r/s is not good news . Not in my mind but it really shouldn't trigger a panic as this is a company with a very strong balance sheet. plus the share price will be 10 x's greater . Short term though if you hold through it you might be doing some nail biteing. I am not happy but I am confident that one day the numbers will come into play and this stock will achieve a fair value. After all they have a large customer base and 5.5 billion reals and that is about 2.75 billion dollars in cash on hand. Cable tv subcribers too. Im not gonna like it but im gonna hold on and wait 15.00 /share will arrive though it might take 2 years
So there will probably be more red leading up to the r/s
6k out this morning. 10/1 RS coming...
http://ih.advfn.com/p.php?pid=nmona&article=64061507&symbol=OIBR
I just went to the company website and they have 9.6 billion reals in ar should be short term 30 days customer base. If there is a stock in the market one should consider I really think this one is it. I really do. I may want a couple of thousand more shares at this price tomorrow. Pot of gold here. Way underpriced. my opinion. 2.00 by March or April after merger completes. Look at the growth of their assets of the past year and you will see a jewel here. This price is anomalous. I believe. They have 5.5 billion reals in cash on hand. Big banks backing.
I am really pleased with this large Diamond in the rough. Too many great things in play. At this share price to me it's crazy. I think we are going north and a great long term chance for some very large gains!!! AIMHO!!
Just think that even though the price of this has not worked well for me yet. I feel if you have a five year window that this will be a very equitable investment. Don't take my word for it though do your research. Then buy what you like and sell what you want. This is a Brazilian phone monopoly with twice as much cash on hand as the market capital indicates at this time. Not to mention paid subcribers for tv and land lines. This is a new York stock exchange listed stock. I am still very confident in this and I have been in since april of 2014. I really like the growth potential here. I am looking forward to dividends too . Even if at this time one has not been announced. If and when they start they may be 30% of the share price at this time. Risk to reward in my mind . Results will show by 2015 pt=oi+ should Merger complete.tmar too Way way undervalued right now my thought.
I might be buying more shares here soon. Waiting for it to bottom out again
That's awesome u follow
This stock also. This here is a diamond in the rough. CEO steps down but that means excitement can begin again. Too huge here not to produce some big numbers. Telecom comm stocks are down but I feel really safe on this play. I see u post on D$CR!!! That's gonna be crazy any day now. Exciting times ahead my friend. We are on the same wave!! Let's pray for a Sunami!!!! GLTY
Yes one worth owning long term!
Bought in today!! I have been watching for a long time. Feel really good about my position here. This has a TON of upside. Can't wait for the dividends!!
News summation from Seeking Alpha contributor Oct 2, 2014.
http://seekingalpha.com/article/2536315-4g-without-oi-never-never-never?app=1&uprof=46
smart move
News Sept 17, 2014:
Oi SA (OIBR4), Brazil’s fourth-biggest wireless carrier, plans to sell its stake in Africatel Holdings BV amid a dispute with the business’s minority shareholder.
Oi, which holds 75 percent of the business, will lead the sale process, the Rio De Janeiro-based company said today. It will attempt to coordinate the transaction with Samba Luxco S.a.r.l, an affiliate of Helios Investors LP, which holds the remaining 25 percent, according to the statement.
Samba Luxco informed Oi that it planned to exercise an option to sell its Africatel shares, according to Oi. The Brazilian carrier is challenging Samba Luxco’s plan, saying no event has occurred that would give Samba Luxco the right to exercise the option. Samba Luxco alleges that the option was triggered by the indirect transfer of Africatel shares to Oi that were previously held by Portugal Telecom SGPS SA, Oi said.
“Oi believes that it is in the interest of both shareholders of Africatel to maximize the value of their investments that such sale is executed in a coordinated manner,” Oi said.
Africatel holds stakes in several African phone companies, including Angola’s largest wireless carrier Unitel SA. Oi was in talks to sell its stake Unitel, people familiar with the plans said last month.
In Brazil, Oi is planning to boost its position by pursuing a stake in Telecom Italia SpA’s local unit. The Italian carrier in turn is weighing a takeover of Oi, people familiar with the discussions said this week
what are the merger terms and how do the share structures work out? thanks
I actually took my first position in this stock as a dividend play
back in July 2013 when it was $2 US a share and paid .12 Qtr.
I collected one divi in 10/13 before they stopped paying and
the stock dropped to 1.48, and gradually down to it's low this
year. I kept saying like the little kid that spent Christmas Day
digging in the pile of horse manure he found under his Xmas
tree, "There's got to be a pony in here somewhere!" I kept
adding as it went down and have 35,000 shares so this better
produce or I'll be working until I'm 106. Seriously, my last
purchase was 5000 at .64 and I was looking at the board today
thinking about adding some more, because I just sold two
dogs and had $1,200 to spend on something. I may see if it
dips tomorrow but at this price I don't think we can lose. Big
money is behind this.
I agree. I was watching the entire time as it was falling so I could jump in at the right time. I ended up with 57s and 60s. I think this is completely undervalued and i believe we will see a nice return here in the near future.
Not to mention this company has a history of paying dividends and that is rare for this share price. I am curious to see if history continues to repeat itself in that area.
I think this bottomed mid-August around .52 and will keep
inching up until some real news comes out, then it will
explode. Anyone who doesn't believe this should take a
look at the details of the secondary Public Offering filed
on 04/3/14. Look at the underwriters of this 2.6 billion USD
deal. 2.1B shares priced at .97 and you can buy today for
.67? This is the AT&T of South America equivalent and
now Portugal. Load as much as you can.
I agree. This is undervalued and I will see where this bottoms out at so I can load up on more. This is on the top of my watch list for sure. $OIBR
Portugal telecom is trading at over 2.00 / share in addition to oi already established business in the billions ? really under a dollar the merger is approved and the rioforte default looks like it is fixed . This is a very large sustainable company that pays dividends. And oi just got like a 100 million shares of pt that pt must buyback and retire to the treasury I might be wrong but I sure feel like the market is missing something here. That is over a two hundred million dollar asset acquisistion not counting dividends that pt may pay while oi owns the company. By my math a 26 million dollar profit just on the one transaction. The corporate bylaws distribute it to stockholders here. This is bank. my opinion
-- NEWS 6:49PM ET --
MATERIAL FACT: Approval of the Terms of the Exchange of Credit for Shares of Oi/TmarPart and the Option for the Purchase of Shares in Treasury by the PT SGPS General Meeting and the Boards of Directors of TmarPart and Oi
6:49 PM ET 9/8/14 | PR Newswire
Oi S.A. ("Oi," Bovespa: OIBR3, OIBR4; NYSE: OIBR and OIBR.C) and Telemar Participacoes S.A. ("TmarPart" and, together with Oi, the "Companies"), pursuant to art. 157, 4 of Law No. 6,404/76 (the "Corporation Law") and CVM Instruction No. 358/02, in addition to the Material Fact dated July 28, 2014 and the Notices to the Market filed by Oi on August 8 and 13, 2014, inform their shareholders and the market in general that, on this date, the General Shareholders' Meeting of Portugal Telecom SGPS S.A. ("PT SGPS") and the Boards of Directors of Oi and TmarPart approved the terms and conditions of the definitive agreements related to the investments in commercial paper issued by Rio Forte Investments, S.A ("Commercial Paper").
The definitive agreements were signed today among Oi, TmarPart and PT SGPS and provide for an exchange (the "Exchange") in which Portugal Telecom International Finance B.V. ("PT Finance") and PT Portugal SGPS S.A. ("PT Portugal" and, together with PT Finance, the "Oi Subsidiaries") will transfer the Commercial Paper to PT SGPS in exchange for common and preferred shares of Oi held by PT SGPS, and the Oi Subsidiaries will grant PT SGPS an option to purchase shares of Oi (the "Option"), which will occur in accordance with the terms already disclosed to the market through the Material Fact of July 28 (the "Definitive Agreements"). Given the approval of the Definitive Agreements by the General Meeting of PT SGPS and the Boards of Directors of Oi and TmarPart, the implementation of the Exchange and of the Option will be subject only to the response of the Brazilian Securities and Exchange Commission (Comissao de Valores Mobiliarios - CVM) to the consultation presented by the Companies with respect to these transactions.
The signing of the Definitive Agreements will enable the continuation of the combination of the businesses of Oi and PT SGPS (the "Transaction"), which will have as the next step the migration of TmarPart to the Novo Mercado of the Sao Paulo Stock Exchange (BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros - BM&FBOVESPA), through the merger of shares between Oi and TmarPart (the "Merger of Shares").
As preliminary steps to the Merger of Shares, the Companies will pursue (i) the registration of the shares to be issued by TmarPart in the Merger of Shares with the U.S. Securities and Exchange Commission ("SEC"), (ii) the conversion of TmarPart's registration category as a publicly-held company, (iii) the registration of a Depositary Receipts Program of TmarPart with the SEC, (iv) the listing of the shares of TmarPart in Brazil on the Novo Mercado segment of the BM&FBOVESPA and in Portugal on the NYSE Euronext Lisbon, with the necessary approvals by the Portuguese Securities and Exchange Commission (Comissao do Mercado de Valores Mobiliarios - CMVM) and by the NYSE Euronext Lisbon, and (v) the listing of the shares in the form of American Depositary Shares on the NYSE. As a result of the Exchange, the structure of the Transaction will no longer include the merger of PT SGPS into TmarPart.
On this date, certain agreements related to the Transaction and signed on February 19, 2014 were amended to provide, among other things: (i) the extension of deadlines for the completion of the Transaction; (ii) to clarify that the merger of PT SGPS with TmarPart will no longer occur within the scope of the Transaction (notwithstanding the fact that PT SGPS may adopt an alternative structure to achieve the same objective as the merger with respect to the combination of the shareholder bases of Oi and PT SGPS); and (iii) the limitation of the voting rights of PT SGPS, in the Bylaws of TmarPart, to a maximum of 7.5% of its capital stock.
The Companies reiterate that the Transaction is intended to migrate TmarPart to the Novo Mercado segment of BM&FBOVESPA, with the adoption of best corporate governance practices, admission of the TmarPart shares on the NYSE and the NYSE Euronext Lisbon, increase in liquidity, dispersed regulatory control and acceleration of the synergies created by the Transaction. The Companies expect the Merger of Shares to occur by the end of the first quarter of 2015.
The Companies will keep their shareholders and the market in general informed of any relevant subsequent events related to the topics described in this Material Fact.
Oi S.A. Bayard De Paoli Gontijo Chief Financial Officer and Investor Relations Officer
Telemar Participacoes S.A. Fernando Magalhaes Portella Investor Relations Officer
Additional Information and Where to Find It:
This communication is not an offering document and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval in any jurisdiction in which distribution of an offering document or such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
This communication contains information with respect to the proposed merger of shares (incorporacao de acoes) between TmarPart and Oi.
In connection with the proposed merger of shares between TmarPart and Oi, TmarPart plans to file with the SEC (1) a registration statement on Form F-4, containing a prospectus which will be mailed to shareholders of Oi (other than non-U.S. persons as defined in applicable rules of the SEC), and (2) other documents regarding the proposed merger of shares.
We urge investors and security holders to carefully read the relevant prospectus and other relevant materials when they become available as they will contain important information about the proposed merger of shares.
Investors and security holders will be able to obtain the documents filed with the SEC regarding the proposed mergers, when available, free of charge on the Commission's website at www.sec.gov or from TmarPart or Oi.
Special Note Regarding Forward-Looking Statements:
This communication contains certain forward-looking statements. Statements that are not historical facts, including statements regarding the beliefs and expectations of TmarPart or Oi, business strategies, future synergies and cost savings, future costs and future liquidity are forward-looking statements. The words "will," "may," "should," "could," "anticipates," "intends," "believes," "estimates," "expects," "plans," "targets," "goal" and similar expressions, as they relate to TmarPart or Oi, are intended to identify forward-looking statements and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, tendencies or expected results will actually occur. Such statements reflect the current views of management TmarPart or Oi and are subject to a number of risks and uncertainties. These statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, corporate approvals, operational factors and other factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. All forward-looking statements attributable to TmarPart or Oi or their affiliates, or persons acting on their behalf, are expressly qualified in their entirety by the cautionary statements set forth in this paragraph. Undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. Except as required under the U.S. federal securities laws and the rules and regulations of the SEC or of regulatory authorities in other applicable jurisdictions TmarPart, Oi and their affiliates do not have any intention or obligation to update or to publicly announce the results of any revisions to any of the forward-looking statements to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. You are advised, however, to consult any further disclosures TmarPart or Oi make on related subjects in reports and communications TmarPart or Oi file with the SEC.
SOURCE Oi S.A.
I wont predict a price but I am not worried. By info I have they have 5 billion in cash on hand . Dividend should be announced soon. Yea they lost some money because of the Rio forte debt default but it should not hamper operational results. This looks way under priced to me . This is a very large company with a lot of customers subscribed to house and cell service plus pay tv. Wont see long term problems here. Gonna be two countries wide also after the merger completes. Big banks backing this one follow the money. My opinion.
Can someone post recent information on this company for us potential new investors ? Basically what is going on ? Thanks.
Eventually going to $2!
Sweet, I am in. May add more down here. I like the volume and upside potential on merger. $OIBR
OIBR is gaining popularity on www.stocktwits.com as $OIBR
No need to worry... OIBR is going to $1 by January 1st....
Can't figure this one out. Thought gap up today for sure after the move on Friday. Holding these .60's nicely though
Don't panic like a girl
If it drops, get more, great chance to get in. It will go over 300% in a year, simple and clear.
Not just Oi, Brazil stock market is distressed for so long and every company will soar in the future. You can buy Petrobras or Banco Bradesco or any major Brazil company.
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