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gaat het toch door ??

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boldie 17 januari 2013 13:32

Dacht dat rbs met.nieuw tl zou komen?

[verwijderd] 17 januari 2013 13:44

quote:
Guus_Geluk schreef op 17 januari 2013 13:31:
[...]

Afgelopen maandag was DE dip. (-41.5%) Ik denk dat als er al een dip is morgen, deze nihil zal zijn.

Zo'n dip als maandag zal het niet worden haha, maar over het algemeen zit er vrijdags vaak een dipje in de koers.
Wie weet is het deze keer anders, we zien het wel.

nestel 17 januari 2013 14:47

Moody's handhaafde de Baa2-rating van TNT Express.
De vooruitzichten voor die waardering zijn wel negatief.

[verwijderd] 17 januari 2013 14:49

Juist geen dip morgen. Zit er vanaf 4.20e in en ik ga zeker niet zonder TNT het weekend in. Er kan altijd nog nieuws komen.

stylo 17 januari 2013 15:02

quote:
nestel schreef op 17 januari 2013 14:47:
Moody's handhaafde de Baa2-rating van TNT Express.
De vooruitzichten voor die waardering zijn wel negatief.

. Toch raar ze krijgen er 200 miljoen bij .

[verwijderd] 17 januari 2013 15:11

Rating Action: Moody's confirms TNT Express's Baa2 rating; negative outlook
Global Credit Research - 17 Jan 2013
Milan, January 17, 2013 -- Moody's Investors Service has today confirmed the Baa2 long-term issuer rating of TNT Express N.V. ("TNT"). The outlook on the rating is negative. The short-term ratings of both TNT Express N.V. and TNT Finance B.V. were also confirmed at Prime-2 (P-2).

This rating action concludes the rating review process initiated by Moody's in March 2012.

RATINGS RATIONALE

"Today's rating action follows the announcement by United Parcel Service Inc., or UPS, that it expects the European Commission to prohibit its acquisition of TNT and that once the commission's rejection of the deal is formalised, it will withdraw its offer," says Paolo Leschiutta, a Moody's Vice President - Senior Credit Officer and lead analyst for TNT. "UPS's offer to acquire TNT in early 2012 had prompted our review for an upgrade of TNT's ratings in March last year," adds Mr. Leschiutta.

The confirmation of TNT's ratings, and the negative outlook, reflect Moody's view that the planned acquisition of the company by UPS (Aa3 stable) may have delayed some of TNT's measures to improve its profitability, and that the company has yet to demonstrate clear evidence of a successful turnaround in its Latin American and Asian businesses. Furthermore, in light of the challenging operating environment, Moody's would expect the group's profitability to remain at depressed levels over the next 12-18 months.

During 2012, TNT's operating performance continued to be affected by a number of factors, including (1) ongoing soft demand in Europe in light of the challenging macroeconomic environment, which resulted in customers switching to low-yield products in Europe, the Middle East and Africa (EMEA); (2) ongoing difficulties experienced by the company in turning around the performance of its operations in Brazil; (3) a degree of disruption as a result of UPS's planned acquisition; and (4) weak Asia-to-Europe demand.

In the context of expected low GDP growth overall in Europe, prospects for improvements in TNT's operating performance during the coming 12 months remain modest and, as a result, Moody's expects the company's key credit metrics to remain at the low end of the rating category. The rating agency notes that TNT reported an operating income for the first nine months of 2012 of EUR141 million (adjusted for approximately EUR19 million of foreign exchange (FX) movements and one-off costs), which was down from EUR167 million reported in 2011 on a comparable basis. Moody's anticipates similar performances in the final quarter of 2012. As at September 2012, on a last-12-months basis, TNT's financial leverage, measured as debt/EBITDA adjusted for operating leases and pension liabilities, stood at 3.4x and retained cash flow (RCF)/debt at 18.9%.

As part of its own announcement of UPS's intention to withdraw its offer, TNT indicated that it will now focus on executing its business strategy, as it announced in early 2012. In particular, Moody's would expect the company to focus on improving its profitability in the EMEA region and to seek partnership opportunities for its domestic activities in Brazil and Asia. Moody's understands that some of these projects were delayed by the pending acquisition. Management will now need to focus on updating its standalone strategy, which will require some time to fully develop and execute. However, Moody's notes that TNT's solid liquidity profile provides the company with a cushion in the meantime.

OUTLOOK

In addition to the factors above, the negative outlook on the rating also indicates the modest headroom in the company's key credit metrics to absorb further pressure on its profitability.

WHAT COULD CHANGE THE RATING UP/DOWN

A rating downgrade could result if TNT fails to show sequential improvements in profitability at its international divisions. Negative rating pressure would also increase if the group's financial leverage were to increase above 3.5x and its RCF/debt were to deteriorate below the mid-teens in percentage terms.

Conversely, although currently unlikely in Moody's view, a rating upgrade could result if TNT reduces its financial leverage towards 2.5x and improves its RCF/debt ratio such that it increases sustainably above 20%. However, to consider upgrading TNT's rating, Moody's would first require evidence that TNT's domestic operations in both Latin America and China are no longer a drag on group profitability.

PRINCIPAL METHODOLOGY

The principal methodology used in this rating was Global Postal and Express Delivery Methodology, published in December 2011. Please see the Credit Policy page on www.moodys.com for a copy of this methodology.

TNT Express N.V., based in the Netherlands, is a leading provider of on-demand, door-to-door express delivery services for documents, parcels and freight, mainly to business-to-business customers, focusing on time-certain or day-certain delivery. During the first nine months to September 2012, the company generated revenues of EU5.5 billion and an underlying operating income of EUR141 million.

REGULATORY DISCLOSURES

For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the rating action on the support provider and in relation to each particular rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.

For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this rating action, and whose ratings may change as a result of this rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.

Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.

Paolo Leschiutta
VP - Senior Credit Officer
Corporate Finance Group
Moody's Italia S.r.l
Corso di Porta Romana 68
Milan 20122
Italy

[verwijderd] 17 januari 2013 15:12

excuus voor de lengte

[verwijderd] 17 januari 2013 15:13

Tjonge, het gaat als een raket. Zouden particulieren nu aan het kopen zijn? Iedereen had maandag toch al ingeslagen? Wat is hier aan de hand?

[verwijderd] 17 januari 2013 15:16

the announcement by United Parcel Service Inc., or UPS, that it expects the European Commission to prohibi

Let op : expects

[verwijderd] 17 januari 2013 15:18

quote:
leuke trol schreef op 17 januari 2013 15:13:
Tjonge, het gaat als een raket. Zouden particulieren nu aan het kopen zijn? Iedereen had maandag toch al ingeslagen? Wat is hier aan de hand?

Ja waarschijnlijk wel, want normaal gesproken wordt er niet gehandeld en gebeurt er niets, dit ligt aan de particulieren.......denk na!!!!!!

Guus_Geluk 17 januari 2013 15:31

FFFEEEDDDDEEEXXXXXXXXXXXXX!!!!!!!!!!

[verwijderd] 17 januari 2013 15:33

We gaan KPN inhalen...............

[verwijderd] 17 januari 2013 15:34

quote:
nestel schreef op 17 januari 2013 14:47:
Moody's handhaafde de Baa2-rating van TNT Express.
De vooruitzichten voor die waardering zijn wel negatief.

@ Nestel:
Gaat hem vandaag niet meer worden, gemiste kans, kan niet altijd prijs zijn.
Kijk hem gaan.
Misschien krijg jij morgen nog een kans om lager te kopen, ik in ieder geval niet!
Succes ermee.

Guus_Geluk 17 januari 2013 15:36

Jongens, snap het nou, dit is een buitenkans die slechts sporadisch voorbij komt! Ik zag er bij die ze gisteren nog verkochten op 5.10. Er zit VEEL meer in en het risico om naar beneden te gaan is erg laag na een instorting van >42%! Verder zit Fedex natuurlijk te azen. PostNL wil het aandeel ook zsm omhoog hebben omdat ze daarmee ook veel meer verdienen. Pak deze kans!

[verwijderd] 17 januari 2013 15:40

PostNL is zelf vol aan het inslaan

[verwijderd] 17 januari 2013 15:47

We overschrijden al het volume van gisteren.
Ik kan me niet voorstellen dat de particulieren nu aan de knoppen zitten. Nog even en we staan weer op de 6 euro.

Guus_Geluk 17 januari 2013 15:48

quote:
leuke trol schreef op 17 januari 2013 15:47:
We overschrijden al het volume van gisteren.
Ik kan me niet voorstellen dat de particulieren nu aan de knoppen zitten. Nog even en we staan weer op de 6 euro.

En vervolgens nog een bod van Fedex er overheen...

[verwijderd] 17 januari 2013 15:53

quote:
Guus_Geluk schreef op 17 januari 2013 15:48:
[...]

En vervolgens nog een bod van Fedex er overheen...

Pas als UPS officieel afstand heeft gedaan, na bericht EC

Guus_Geluk 17 januari 2013 16:11

quote:
wateenpuinhoop schreef op 17 januari 2013 15:53:
[...]

Pas als UPS officieel afstand heeft gedaan, na bericht EC

Dan wordt het formeel maar het lijkt er wel op dat ze al aan het inslaan zijn. Zo goedkoop worden ze nooit meer!

[verwijderd] 17 januari 2013 16:14

De fut is er nu wel weer iets uit lijkt het.

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