Oi S.A. (OIBR)

[OwlHead]

waiting for selling to subside

[TheTrader72]

Hmmmmm what happened here

[TheTrader72]

Volume and Fridays close would tell me not very long. $OIBR

[revtruelove]

How long will this take?

[Shaka_Zulu]

Pincher play. .83 - .95 - 1.36 are possible.

[revtruelove]

OIBR going to $1 by January 1st. It is well worth $2.

[OwlHead]

look for rise in PPS

[zvx1232003]

What big thing? didn't know

[OwlHead]

Wow... Big things next week!!!!!!

[TheTrader72]

Yeah that buy into close didn't suck lol!

[OwlHead]

Agreed! Been glued to the L2 all day... this is going into .80's

[TheTrader72]

This is a time bomb about to explode. .80's next week? Maybe higher?

[TheTrader72]

It should! Undervalued here IMO

[shanak10]

It says they have little financing room to go ahead with a merger acquisition, they hired an investment bank to examine the possibility. I guess that is the reason for no date.

[tradeawait]

lol, what is the date of said merge?

[Teriyakicat]

Time to let er rip!!

[Tradescott818]

Will this make it to .80?

[Teriyakicat]

Get this pig to move up!

[GMONEY4]

Bump! Looking good in the pre-market.

[GMONEY4]

Still looking good here. Bring on .58/.70..

[GMONEY4]

Next leg up.

[GMONEY4]

Nice little bump here.Let's see if it holds.

[blulotus]

whats this mean?..oibr any good ?





.

[GMONEY4]

Brazilian Court Gives Green Light to Airwaves Auction Process
7:01a ET August 21, 2014 (Dow Jones) Print
Brazilian Court Gives Green Light to Airwaves Auction Process

By Rogerio Jelmayer
SÃO PAULO--A Brazilian court lifted a suspension of a public auction of 4G wireless airwaves, providing oxygen for the government in its effort to meet its fiscal targets this year.
The Brazilian Federal Court of Accounts, known as TCU, late Wednesday gave the green light for the country's telecommunications regulator, Anatel, to go ahead with the auction process. Court of Accounts members are appointed by Congress and the president to oversee government spending.

Earlier this month, TCU suspended the process, asking for more information from Anatel about the auction. TCU lifted the suspension after Anatel provided the information, it said.
The Brazilian government, which before the suspension was expecting to hold this auction in September, now is rushing to still hold the auction this year.

The government plans to raise about 8 billion Brazilian reais ($3.5 billion) and use the proceeds to strengthen its books. With the economy slowing and growth in tax revenue eroding, Brasilia in recent years has relied on extraordinary events, such as sales of oil leases, to bolster its accounts.

The goal is to end 2014 with a central government primary budget surplus of 80.8 billion reais, but the country's finances are well off that pace. In the first six months of the year, the central government, including the central bank and social security system, had a surplus of 17.2 billion reais--half the size of the surplus in the same period a year earlier. The primary surplus or deficit is the budget balance excluding interest costs.

The 4G auctions hold high interest for Brazil's main telecom companies--Spain's Telefonica SA (TEF), known as Vivo; TIM Participacoes (TSU, TIMP3.BR), which is the local unit of Telecom Italia SpA (TIT.MI); Claro, the local unit of Mexico's America Movil SAB (AMX, AMX.MX); and local company Oi SA (OIBR4.BR).
Write to Rogerio Jelmayer at [e-mail]

(END) Dow Jones Newswires
August 21, 2014 07:01 ET (11:01 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.DN201408210038152014-08-21 11:01:00.0000I986MQMGCE84GCLCGQPAAPGI4DJNF

[kbdavis]

Still not buying. It won't hold this high. Just waiting for everyone to dump

[GMONEY4]

Another new low. If .51 doesn't hold, lookout...

[GMONEY4]

Dump. Let's see if .52 holds up tomorrow.

[kbdavis]

Not buying till I see the bottom

[GMONEY4]

Another new low.

[kbdavis]

Found this stock while scanning the market. I like what I see and I will definitely be loading up tomorrow morning!

[Helium-3]

Randall, SIAF just posted earnings:

$97M revenue
$0.14 eps
164M o/s

[Helium-3]

Randall, SIAF is posting earnings today after close. I'm hoping they can past $100M in revenue and $0.20 or more eps. I guess you are still holding on to your shares. See you over at SIAF board.

[$NOWMAN]

I agree, loaded a little, what I had available at the time. Looking forward to long term accumulation as well. Go Oi!

[randall899]

Almost six billion dollars in cash on hand. 5 billion in capex . This is way off price wise. look at the 6k/a that came out today. Capex caused the book loss . It is gonna dividend soon. This is a value of your lifetime at this price. They are doing about half a billion reals a year just in telephone revenue. Cable tv not yet included. I think this could realisticly be 12.00-20.00 5 yrs out. This is a established business. Im buying more. Way Way underpriced. My opinion

[$NOWMAN]

44,000 shares in two buys a/h! Something's about to go!!!

[randall899]

PT stock is over $2.00. It is soon going to be oi when the merger completes. I do not understand the price of this stock now when they have cash on hand of over a dollar / share. Plus a thriveing business. The losses were capex related. And a bad investment by Portugal telecom. This is a New York stock exchange dividend paying behemoth of a telecom co and cable tv , a Portuguese Brazilian monopoly. Be sure to look here in 5 years and if you don't already own it . You will be very sad. Easy multiplier here. This price? Really. I can not doubt it. might even be The best one youll ever see in your life. I can not pass on this one even though the price is banged up terrible right now. They made a Billion dollar asset sale to sprint also. By doing it they get a special cell tower rental price too. If it stays around here im gonna bet bigger yet. Dividends will come soon. Corporate guideance to go by. Brazil is well regulated too. This is a steal to me..

[GMONEY4]

A close above .58 would be good here...

[GMONEY4]

Probably should take some of that cash and lower the 5.7B O/S.

[randall899]

They have 5 billion in cash. If I read right dividends will be paid and They have a mighty powerful revenue stream . I think the loss was due to the merger costs. The dividends will be a percent of the profit or a percent of the market cap this time. This is a large tel com.

[iheartweimers]

Also, they just did a big PO. But at .97!! Someone thinks it
is worth more than .56.

Secondary Public Offering DetailsProvided by MorningNotes®
MorningNotes® RatingView Rating Scale
Secondary Public Offering Filed On 04/3/14
Registration Period 26 Day(s)
Offer Date 04/29/14
Deal SizeView Deal Breakdown 1,917,028,657
Price Range --
Deal Value $2.6B
Trade Date 04/29/14
Settlement Date 05/2/14
Priced 2.1B Shares @ $0.97
Revenue $12.1M
Net Income $637.0M
Deal Underwriters
BTG Pactual; BofA Merrill Lynch; Barclays Capital; CitiGroup; Credit Suisse; Espirito Santo Investment Bank; HSBC; Banco do Brasil Securities LLC; Bradesco Securities, Inc; Caixa Banco de Investimento; Goldman, Sachs & Co.; Ita? BBA; Morgan Stanley; Santander Investment; XP Securities; Nomura Secs.; BNP Paribas

[iheartweimers]

Maybe but I would have thought a loss would be expected
after they borrowed to buy out the Portugese company.
Some interesting reading about the situation in Brazil here:
I can't post a link because it is routed through a protected
broker's server, so cut and paste-

Brazilian Court Suspends Airwaves Auction
1 days 1 hours 55 minutes ago - DJNF
By Rogerio Jelmayer
SÃO PAULO--A Brazilian court has suspended a public auction of 4G wireless airwaves, potentially thwarting a financial windfall the government was counting on to help meet its fiscal targets this year.

The Brazilian Federal Court of Accounts said Tuesday it wants more information from Brazil's telecommunications regulator Anatel, which had planned the auction for September. Anatel has 15 days to provide more details about the process and is forbidden from publishing the auction terms until the court has given it the green light, the court said in a statement.

No new timetable has been set for the auction.

Court of Accounts members are appointed by Congress and the president to oversee government spending. A court spokeswoman declined to provide more details, saying the process is being conducted in secret, something allowed under Brazilian law. Anatel officials declined to comment.

The auctions hold high interest for Brazil's main telecom companies--Spain's Telefonica SA, known as Vivo; TIM Participacoes, which is the local unit of Telecom Italia SpA; Claro, the local unit of Mexico's America Movil SAB; and local company Oi SA.

They are also important for the administration of President Dilma Rousseff, who is running for re-election in October.

The government was planning to raise around 8 billion Brazilian reais ($3.5 billion) and use the proceeds to strengthen its books. With the economy slowing and growth in tax revenues eroding, Brasilia in recent years has relied on extraordinary events such as sales of oil leases to bolster its accounts.

The goal is to end 2014 with a central government primary budget surplus of 80.8 billion reais, but the country's finances are well off that pace. In the first six months of the year, the central government, including the central bank and social security system, had a surplus of 17.2 billion reais--half the size of the surplus in the same period a year earlier. The primary surplus or deficit is the budget balance excluding interest costs.

"It is too early to say that the auction will not happen this year, the government still could revert it," said Carlos Kawall, a former Brazilian treasury secretary who is now chief economist at Banco J. Safra. "But, even with the extra revenue of this auction, I believe that the government will not meet its goal regarding primary budget surplus this year."

Write to Rogerio Jelmayer at [e-mail]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

August 05, 2014 13:05 ET (17:05 GMT)

Copyright (c) 2014 Dow Jones & Company, Inc.

[GMONEY4]

Could it be their earnings?

Brazil Oi Post 2Q Loss Of BRL221M; First Result After Merger With Portugal Telecom
7:06a ET August 6, 2014 (Dow Jones) Print
Brazil Oi Post 2Q Loss Of BRL221M; First Result After Merger With Portugal Telecom

By Rogerio Jelmayer

SAO PAULO--Brazil telecommunications company Oi SA (OIBR4.BR) posted a net second-quarter loss of 221 million Brazilian reais ($97 million), marking the company's first financial-results release since its merger with Portugal Telecom SGPS SA.
The net loss in the year-ago period was BRL124 million, by comparison, it said Wednesday in a statement.
The combined companies' revenues increased slightly to BRL9.02 billion, from BRL9 billion in the year-ago period. Revenues from company's operation in Brazil dropped 2% to BRL6.9 billion, while its revenues in Portugal increased 9.5% to BRL1.85 billion.
Net debt was BRL46.2 billion in the second quarter, up from BRL30.26 billion in the year-ago period.
In April, Oi completed its multibillion-reais share offer as part of its plan to merge its activities with Portugal Telecom SGPS SA, forming a new company preliminary called CorpCo.
The full amount raised by the transaction reached BRL13.96 billion, including BRL5.71 billion in assets by Portugal Telecom and BRL2 billion subscribed by a fund managed by BTG Pactual, the lead coordinator of the operation.

[iheartweimers]

I don't get the connection between Telefonica bidding for
Brazilian carrier GVT and the resulting drop for Oi. Was the
market looking for a buyout of OIBR?

[GMONEY4]

Didn't break .51 and starting to bounce a bit. Maybe a bottom is in..

[GMONEY4]

Falling hard..

[GMONEY4]

More lows coming today. Still hasn't found a bottom.

[GMONEY4]

Another new low. This might be primed for a bounce soon.

[faisal s]

http://seekingalpha.com/article/2317185-oi-sa-and-portugal-telecom-have-signed-a-new-memorandum-of-understanding-for-the-merger?source=yahoo

[GMONEY4]

Getting cheaper...

[faisal s]

Last chance