Newsgroup: it.economia.borsa
Titolo: Mi sembra che vada bENE

ENE stasera.
almeno non chiuderà negativa.
Speriamo che sia il bottom.
Ciao
Mirko

 almeno non chiuderà negativa.
Bene, evitata la 26esima chiusura negativa su 28 sedute....
Volumi pazzeschi (oltre il 10% del capitale) ma soprattutto la notizia che
proseguono le trattative (il paracadute):
- Il WallStreetJournal parla di una valutazione di  5 miliardi  (quindi
siamo a 6.7$)
- CSFB  parla di 0.2309 azioni Dynegy per ogni azione Enron (quindi al close
di stasera 9.4$, mi sembra troppo)
-UBS parla di 0.15 (quindi 6.1$)
Attediamo fiduciosi ( e più rilassati)
--
Ciao
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London Ray :
collaboratore di   
www.ScalpingOnLine.Com
redattore       di   
www.playit.mediacity.it
ICQ  #56476275
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Enron Turned Down by Investors Alwaleed, Blackstone, Carlyle
By Mark Lake
New York, Nov. 27 (Bloomberg) -- Enron Corp.'s bankers, seeking to raise as
much as $2 billion for the energy trader, have been turned down by investors
including Prince Alwaleed Bin Talal, the Carlyle Group Inc. and Blackstone
Group LP.
``I was approached by several people to invest in the company, but we
declined,'' said Alwaleed, a billionaire investor from Saudi Arabia. The
fall in Enron's shares, which have declined 95 percent this year, didn't
necessarily make it a good investment, he said.
Bankers led by J.P. Morgan Chase & Co. Vice Chairman James B. Lee have been
unable for two weeks to raise the money because of concern Enron won't be
able to meet its obligations. That concern was heightened after Enron
disclosed a $690 million payment due this week. Enron needs the money to
operate as it completes an acquisition by Dynegy Inc.
The prospect that Enron will fail to line up financing, jeopardizing its
plan to be acquired by Dynegy, has weighed on its stock and bonds. The
company's securities gained today as talks between Enron and Dynegy to
renegotiate terms of the transaction convinced some investors the takeover
was more likely to take place.
Enron 6.4 percent bonds that mature in 2006, which closed yesterday at 48
cents on the dollar, rebounded to trade at about 55 cents on the dollar. At
that price, the bonds yield 22.5 percent. Enron shares rose 21 cents, or 5
percent, to $4.22. The stock finished yesterday at $4.01, its lowest level
in 14 years.
Declining to Invest
J.P. Morgan and Citigroup Inc., Enron's largest lenders, plan to provide
$250 million to Enron each as part of a $2 billion package. The bankers have
been seeking additional investments, which would be made in the form of
convertible stock, for more than two weeks.
Questor Management Co., a $1 billion private-equity fund that invests in
troubled companies, and buyout funds such as Carlyle Group and Blackstone
have balked at investing, said people familiar with the situation.
Blackstone and Questor declined to comment. Christopher Ullman, a spokesman
for Carlyle, said: ``We are not in discussions with Enron about financing.''
``More equity would leave Enron with a stronger balance sheet, which should
reassure their trading partners,'' said Kathleen Vuchetich, who helps manage
$1.4 billion in assets at the Strong American Utilities Fund. Vuchetich has
4.2 percent of her portfolio invested in Dynegy shares.
Enron and Dynegy discussed revising the terms of their merger over the
weekend, said Steve Stengel, spokesman for Dynegy. Dynegy is now talking
about paying less than 0.15 share for each of Enron's, valuing the company's
equity at about $5 billion, or less than $6 per share, the Wall Street
Journal reported, citing people close to the discussions.
Terms
``The concern is that the Dynegy deal breaks down,'' said Paul Tice, co-head
of U.S. high-grade credit research who covers the energy market for Deutsche
Bank.
Current terms call for an exchange ratio of 0.2685 share of Dynegy stock for
each Enron share. Given recent disclosures about Enron's debt and the drop
in the stock price, a fairer ratio would be 0.15 share of Dynegy, said
Ronald Barone, a UBS Warburg analyst who rates Dynegy a ``strong buy.''
Under current terms, the deal makes sense for Dynegy only if Enron earns 85
cents or more next year, said Gordon Howald, an analyst at Credit Lyonnais
who rates Dynegy a ``buy.'' UBS Warburg's Barone has reduced his estimate of
Enron's 2002 earnings to 75 cents a share from $1.65.
Enron needs an infusion in part because it has $9 billion of payments due
before the end of 2002 and less than $2 billion in cash and credit lines.
The decline in reserves has also raised the prospect that Moody's Investors
Service may cut Enron's credit rating. A lower rating would trigger $3.9
billion in debt repayments for two affiliated partnerships.
Cash Question
``The main question is: `What is the cash position right now?''' said Tice
at Deutsche Bank. ``Is the falloff in the cash position of the company
stabilizing or not?''
Moody's hasn't issued a report on Enron since the company filed a quarterly
report with the Securities and Exchange Commission last week announcing it
had a $690 million note due this week. On Wednesday, Enron got a three-week
reprieve from lenders on the $690 million note and closed on a $450 million
credit line. Dynegy Chief Executive Officer Chuck Watson said he was
``encouraged'' by the developments.