terça-feira, 11 de junho de 2013

Do Blog do Prof. Pedlowski - Bloomberg informa: Ações da OGX escorregam e atingem recorde negativo

A Bloomberg acaba de publicar uma matéria que aponta para um novo recorde negativo no valor das ações da petroleira de Eike Batista, a OG(X). A razão dessa derrapada foi a venda de ações que o próprio Eike possuía como controlador principal da OG(X).

Segundo um analista entrevistado, os operadores do mercado estão começando a se perguntar porque o próprio Eike Batista está vendendo ações da OG(X) e essa seria a principal causa da abrupta queda no valor das ações da empresa.

Como já havia apontado em matéria anterior, a Bloomberg enfatiza a possibilidade real de que Eike Batista está tendo que vender suas ações simplesmente para ter dinheiro em caixa. E isso, convenhamos, é mais gasolina no incêndio que consome a confiança dos investidores na viabilidade das empresas "X".

Em tempo, cada ação da OG(X) valia hoje no início desta tarde algo em torno de R$ 1,22. Quem te viu, quem te vê OG(X)!

OGX Slumps to Record Low After Batista Divests Shares: Rio Mover

By Alex Cuadros & Juan Pablo Spinetto - Jun 11, 2013 1:16 PM GMT-0300

Eike Batista’s OGX Petroleo & Gas Participacoes SA (OGXP3) dropped to a record low after the Brazilian billionaire sold shares in his flagship oil producer for the first time. Bonds also plunged.

OGX slumped 5.4 percent to 1.22 reais at 1:11 p.m. after falling as much as 8.5 percent to the lowest since it started trading in June 2008. The stock was the most traded by volume and the worst performer on Brazil’s benchmark Ibovespa index. Yields on OGX’s bonds due in 2018 slid 8.7 cents to 49.04 cents on the dollar.

Eike Batista, chairman and founder of OGX Petroleo & Gas Participacoes SA, who has seen more than $28 billion of his net worth evaporate since last year, is selling off assets that include his Embraer Legacy 600 jet to raise cash as his startups pile on losses. Photographer: Jonathan Alcorn/Bloomberg

Batista, OGX’s controlling shareholder, sold 70.5 million shares between May 24 and May 29 for 121.8 million reais ($56.7 million), according to a regulatory filing yesterday. The divestment follows injections of at least 2 billion reais of his own cash into the company since the initial public offering.

“The market is now starting to ask why the controlling shareholder is selling his shares?” Lucas Brendler, who helps manage about 4 billion reais at Geracao Futuro Corretora, said by phone from Porto Alegre, Brazil. “This is the main reason why the stock is falling.”

Batista, who has seen more than $28 billion of his net worth evaporate since last year, is selling assets that include his Embraer Legacy 600 jet to raise cash as his startups accumulate losses. Last month, he raised 1.4 billion reais by selling a stake in power-generation venture MPX Energia SA (MPXE3) to Germany’s EON SE. Separately, OGX sold an $850 million stake in an oil field to Malaysia’s Petroliam Nasional Bhd.

Cash Warning

Excluding the options program that allows OGX management to buy shares from him as part of their compensation, it’s the first time Batista sold shares in his most valuable company since OGX’s 2008 IPO, data compiled by Bloomberg show.

GRAPHIC: Bloomberg Visual Data

“For him to sell at this level, he must really need the cash,” said Fabio Cardoso, a partner at Rio de Janeiro-based equity advisory firm Adinvest Consultoria, in a telephone interview yesterday. “It’s not a good sign.”

Batista is worth $6.3 billion, down from a peak of $34.5 billion in March last year, according to the Bloomberg Billionaires Index. The billionaire’s stake in OGX is worth $1 billion after the sale reported yesterday.

OGX may need to raise $1 billion from Batista through a put option to cover spending in 2014,Standard & Poor’s said in April after cutting the company’s credit rating. Under terms of the option, which expires May 2014, Batista would pay 6.3 reais per share, as much as four times the price he sold at last month.

All six Batista trading units dropped today as investors sold shares in Brazilian stocks amid faltering economic growth. While LLX Logistica SA (LLXL3), the tycoon’s port developer unit, lost 6 percent, the second-worst stock on the Ibovespa, his mining company MMX Mineracao & Metalicos SA fell 4.2 percent.

Batista’s holding company EBX Group Co. had no immediate comment on the sale of OGX shares, according to a spokeswoman who can’t be cited by name for internal company policy.

To contact the reporters on this story: Alex Cuadros in Sao Paulo atacuadros@bloomberg.net; Juan Pablo Spinetto in Rio de Janeiro atjspinetto@bloomberg.net
To contact the editors responsible for this story: Adriana Arai ataarai1@bloomberg.net; James Attwood at jattwood3@bloomberg.net

FONTE: http://www.bloomberg.com/news/2013-06-11/brazilian-billionaire-batista-sells-ogx-shares-for-first-time.html