Calpine

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Hans
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Re: Ausschläge

2.75...wurde korrigiert auf $3.75

3.90 4000 OTO 12:22:22

z 3.75 250000 OTO 12:21:13

3.90 1000 OTO 12:21:11

3.90 1000 OTO 12:21:06

huserm wrote:

Was sind den das für unglaubliche Ausschläge nach unten??

könnte man mit sowas Geld verdienen oder sind die Limitaufträge zu träge?

http://finance.yahoo.com/q?s=CPNLQ.PK

von 3.88 mal kurz auf 2.75 runter und wieder rauf....

Gruss und danke für die Antworten

Gruss Hans

Hans
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Calpine

Nächster 10-Jahreskontrakt unter Dach und Fach Biggrin

http://biz.yahoo.com/prnews/070504/sff042.html?.v=42

Gruss Hans

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Calpine

wichtig ist doch nur, ob man mit uns Altaktionären plant oder nicht.

Mari
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News?

Was läuft bei Calpine? Hat jemand verlässliche News?

Bin auch schon lange dabei (EP: 0.67) und es reizt jeden Tag zu realisieren. Aber eben... es könnte noch viel mehr drinliegen.

Gruss Mari

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Hans
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Reise geht weiter nordwärts - vorläufig noch :shock:

http://new.quote.com/stocks/quote.action?sym=CPNLQ

Gruss Hans

Mari
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vorläufig....?

Warum vorläufig? Habe in der letzten Zeit geschäftlich bedingt die Infos vernachlässigt. Sollte man irgendetwas wissen? Ist was im Busch in nächster Zeit?

Gruss Mari

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Re: vorläufig....?

am 20.06.2007 ist cvon Calpine der Reorg-Plan vorzulegen, ich hoffe man weiss dann was mit den Altaktien passiert, Kapitalschnitt zu Lasten der Altaktionäre wäre nicht gut für die Aktie :roll:

POWER POINTS: Natural Gas Tightens Grip On Electric Markets

21 May 2007

Dow Jones Commodities Service

NEW YORK, May 21, 2007 (DJCS via Comtex)

Despite persistent volatility and high prices, the U.S. power industry's addiction to natural gas shows no signs of abating.

Power companies are burning more gas than ever before, a trend that analysts expect will bolster the U.S. natural gas market for at least the next five years. As plants that use other kinds of fuel prove difficult to build, electric grid operators will increasingly rely on power plants that burn natural gas to satisfy electricity demand. That should mean bigger profits not just for gas producers but also for the power companies themselves, as electricity prices tend to follow the price of gas in most markets.

Natural gas-fired power plants accounted for 20% of all electricity generated in 2006, up from 17% in 2004 and 13% in 1996, according to the U.S. Energy Information Administration. This dynamic is helping drive up the price of power, according to the Federal Energy Regulatory Commission, which predicts wholesale power prices will rise 20-30% this summer.

"Markets are signaling double-digit electricity price increases this summer over last, with natural gas as a clear driver," the FERC said in a recent report.

Most experts believe that a significant number of new coal and nuclear power plants are at least five years from being built and operational. Some doubt that new coal plants will be built at all until companies figure out how to capture their carbon dioxide emissions, the main global warming gas, and store them underground. That means power companies have no choice but to burn gas to meet growing electricity demand.

"In the absence of new, non-gas fired generation getting built or a substantial amount of conservation, one would expect that trend to continue," said Paul Patterson, a power company analyst at Glenrock Associates.

Prices, Profits Rise

The jump in natural gas consumption and power prices has changed the fortunes of Calpine Corp. (CPNLQ), the largest owner of gas-fired power plants in the U.S. The San Jose, Calif.-based company filed for bankruptcy at the end of 2005 after its plants failed to operate at an adequate level to pay off the enormous amount of debt Calpine had raised to build the plants. A gas-price spike after hurricanes in September 2005 damaged U.S. Gulf Coast gas production only added to the company's woes.

At the time, power markets nationwide were still working off a glut of excess capacity created when Calpine and other power companies were building dozens of power plants to profit from newly deregulated electricity markets in California, Texas and other states. After the building boom, many of those plants sat idle, as power prices back then weren't high enough to run the plants profitably.

But since it filed for bankruptcy, Calpine's stock has risen 1,000% BiggrinBiggrin while its unsecured bonds also have soared. Investors are betting Calpine's bonds, which could be converted into equity when the company emerges from bankruptcy, are worth 30% more than their original coupon value. The company's stock is now worth $1.7 billion, as a number of hedge funds have bought up large chunks of shares.

Investors are optimistic because Calpine's gas-fired power plants have been operating at much higher rates, as power markets in Texas, California and New England are significantly tighter than they were when Calpine filed for bankruptcy. In the first quarter of 2007, Calpine reported a 31% increase in electricity generated and a 33% increase in revenue. Its gross profit was up 22% for the quarter.

Gas Market Takes Notice

Demand for electricity has continued growing nationwide, and power prices have kept pace, particularly in deregulated power markets in the Northeast and Texas. The U.S. Energy Information Administration predicts average U.S. residential retail prices will rise 2.2%. However, deregulated markets, which rely largely on natural gas for power generation, will see larger increases. Power prices in New England, for example, are seen rising an average of 4.2%, hitting a high of $17.03 a kilowatt-hour in 2007, the EIA predicts.

The U.S. power industry's increased use of natural gas has had a noticeable impact on the gas market. In the summer of 2006, utilities for the first time withdrew gas from storage to meet electricity demand for cooling, an event that previously occurred only during the winter to satisfy heating demand.

Despite expectations of cooler weather this summer, the EIA expects gas prices to rise 3.4% this year. Spot gas prices at the benchmark Henry Hub in Louisiana are seen averaging $7.84 a thousand cubic feet in 2007, up 90 cents over the 2006 average, with prices expected to rise another 32 cents next year, according to the EIA.

Analysts say the rising prices are due at least in part to increased gas use by the power industry.

Natural gas "is a cleaner fuel that requires a relatively smaller physical footprint," said Tim Evans, an energy analyst at Citigroup. "There's less community opposition to having a gas-fired power plant in their backyard. Over time that has made power generation a larger percentage of total natural gas demand and it has helped to shift the seasonal pattern in demand." Smile

Gruss Hans

Mari
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Danke!

Danke für die Infos. Da bleibt uns wohl nichts anderes übrig als bis am 20. Juni zu warten..., oder hast Du eine andere Taktik?

Gruss Mari

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Calpine

Taktik ist die nun abzuwarten, bis wir die $4 von oben sehen Biggrin

http://de.advfn.com/p.php?pid=staticchart&s=pink%5eCPNLQ&p=0&t=16&dm=0&vol=1

Gruss Hans

Hans
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Calpine

Gruss Hans

Hans
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Calpine

Biggrin Geysers Fact Sheets: http://www.calpine.com/media/GeysersFacts.zip

..da dampfts aber krass Wink

Photo of Geysers Steam Drilling Rig:

Gruss Hans

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Calpine

$8 bis $12 pro Aktie, da bin ich dann aber echt überrascht :shock:

Link habe ich nicht, anscheinend ist dort Login nötig ist.

Disclaimer: Aktie unter Chapter 11

Charly

The shareholders and unsecured creditors of Calpine Corp. are anxiously awaiting June 20, the deadline for the San Jose, Calif., electricity generation giant to submit a reorganization plan to the U.S. Bankruptcy Court for the Southern District of New York in Manhattan. That day will mark something else as well: the start of what's likely to be a brutal valuation war. aufmerksam

When Calpine filed for Chapter 11 protection on Dec. 20, 2005, its case was a jumbled mess of 274 debtors, $18 billion worth of first- and second-lien debt, $1.4 trillion in intercompany claims and more than 28,000 contracts. "Your honor, now is the case that will engender a movie or a book," debtor counsel Richard Cieri of Kirkland & Ellis LLP told Judge Burton Lifland to start off one hearing.

But things have changed a lot in 18 months. Assets have been sold, debt has been paid down and the world has become more environmentally conscious. Calpine has become a green monster, not only because it operates 64 relatively clean natural gas-fired plants in 18 states and 19 geothermal ones in the Geysers region of Northern California, but because several billion dollars of equity in the reorganized company is now at stake.

While that's rare in a bankruptcy, valuation showdowns aren't. And Calpine's has the potential to be epic. One reason is that Calpine filed for bankruptcy just a few months after bankruptcy reform took effect on Oct. 17, 2005, limiting to 18 months the exclusive right of a debtor to propose a plan and 60 days afterwards to confirm it. Those parameters put Calpine on the spot; June 20 marks the 18-month end of the exclusivity period. Nobody is worried it will make the deadline and file its plan. More worrisome is the confirmation deadline — Aug. 20. A protracted valuation fight could throw the entire case into a frenzy.

"Calpine could all come down to either a settlement between the unsecured creditors and the equity holders or maybe a battle between them," says one bondholders' lawyer who spoke on condition of anonymity. "A battle could definitely create a problem, however, because that could conceivably push plan confirmation past the summer deadline."

If that happens, Lifland would have little leeway under the new laws. He'd likely have to strip Calpine of exclusivity and allow anyone to submit a reorganization proposal.

Many other issues must be resolved, too. Some 12 Calpine affiliates in Canada filed bankruptcy under the Companies' Creditors Arrangement Act in the Court of Queen's Bench in Calgary, Alberta, and now there are disputed intercompany claims involving them. A dispute regarding the seniority of Calpine's first-lien bondholders continues to linger. Calpine still has net-loss carryforwards of as much as $1.2 billion a year to make decisions on. And while the company has made tremendous strides in slashing its debt since CEO Robert May came on in February 2006, that part of the balance sheet is still a problem.

"The biggest remaining question in Calpine's bankruptcy is how to deal with the unsecured debt at the parent company," says another lawyer for bondholders, who also asked not to be named.

Handicapping how bloody the valuation confrontation will be is difficult because neither Calpine's unsecured creditors nor the official equity committee have disclosed what they think the company is worth. Nor has Calpine itself, save for its statement soon after it first filed for bankruptcy that the company was worth about $7 billion.

It's pretty safe to say Calpine is worth more than that.

"Calpine isn't some fly-by-night dot-com," says Gary Hovis of Argus Research Corp., who still follows the company even in bankruptcy. "It has durable assets that are either relatively clean or very clean-burning plants that I value at between $23 billion and $24 billion. It clearly has some questions about that $18 billion debt, but I think it could turn profitable in 2008 if it can handle that debt coming out of bankruptcy."

The company did give its creditor groups a draft of its business plan on May 30, but those committees and the debtor won't discuss it. What shareholders and unsecured creditors will talk about, especially in the aftermath of the private equity interest in TXU Corp., is a potential buyout or acquisition. "We also think that there have been offers from both private equity and strategic groups, and we expect bidders to come forward once the plan is filed," says Mark Jacobs of Jacobs Partners LLC, the lawyer for Calpine shareholder Rainmac Fund Ltd. "We see between $4 billion and $8 billion in equity value that could translate into between $8 and $12 a share."

The market seems to agree with the shareholders that Calpine has evolved into solvency since it filed for Chapter 11. Kirkland & Ellis, creditors' counsel Akin Gump Strauss Hauer & Feld LLP and the counsel to the equity committee, Fried, Frank, Harris, Shriver & Jacobson LLP, declined comment on the case. But Calpine's bonds are priced above par, and its stock trades at a recent $3.50 per share (it was 23 cents when it filed for bankruptcy).

This is good news for Calpine shareholders, who in years past might have been shut out but can now point to recent court rulings to make their case for getting a recovery. In those decisions, judges ruled that the market is the final arbiter of a debtor's value. "All the indications are that Calpine is solvent, and several court decisions have ruled that the market is objective and is the appropriate place to determine value," says one attorney not involved in the case, Harvey Miller of Weil, Gotshal & Manges LLP.

He points specifically to a March 30 3rd Circuit Court decision in the case involving pickle maker Vlasic Foods International, a unit of Campbell Soup Co. "The 3rd Circuit said that the market establishes value and, assuming that the 2nd Circuit [for New York] adopts the ruling, it could mean that Calpine is solvent," Miller says.

Naturally, May has his hands full proving that on the balance sheet. Calpine has gobbled up more debtor-in-possession debt than any other company in history, first obtaining a $2 billion postpetition loan and replacing it with one for $5 billion — with the ability to expand it to $7 billion without court approval.

Calpine used the $5 billion DIP, which Credit Suisse Securities (USA) LLC, Goldman Sachs Credit Partners LP, J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. provided, to pay down $2.52 billion in debt at a bankrupt affiliate and to replace the initial $2 billion DIP that it got from Credit Suisse Group and Deutsche Bank AG. (That initial DIP was used to pay down $646 million in first-lien debt.)

May wants to chop Calpine's debt even further. Since its petition, Calpine has targeted for sale 20 of the 92 plants it had at the time of its bankruptcy filing, hoping to use the proceeds to prune more debt. Calpine generated $260 million in asset sales during the first year of its petition, and by doing so, it trimmed $1.1 billion of debt associated with them (they also will add roughly $150 million to Calpine's postbankruptcy cash flow because of lower interest payments and a reduction of its work force by nearly 1,100 employees, Calpine says). All told, 2006 was pretty good for Calpine. The company's Ebitda climbed by 48%, to $860 million, for the nine months ended Sept. 30, compared with the same prepetition period in 2005, Calpine told the court.

With the rise of green movement, the prospects for the company are even brighter. Calpine's stable of plants gives it 25,000 megawatts of relatively clean gas-generated electricity and 750 megawatts of 100% clean geothermal power. It assumed full ownership of its 19 geothermal-generated plants in February, acquiring them from Steam Host LLC by paying off its leases for $275 million. And on May 31, the company announced it was expanding its geothermal capacity by 80 megawatts. No coal plants are in its asset portfolio.

"Calpine's assets are a lot more valuable now than they used to be due to greater emphasis on the greenhouse effect recently and the fact that its plants are in good markets with high energy demand," says Daniele Seitz, an energy analyst at Dahlman Rose & Co. LLC. "Calpine's problems were always tied to management issues, but that management changed during its bankruptcy, and it clearly has strong assets."

But those assets aren't without baggage. For example, unlike its U.S. entities, Calpine's Canadian affiliates aren't operating entities but are wholly owned, tax-­efficient investment vehicles that Calpine used to raise funds for, or to make investments on behalf of, its U.S. units.

In 2001, Calpine Canada Energy Finance ULC I and Calpine Canada Energy Finance ULC II, both now in bankruptcy, issued about $1.92 billion and $554 million, respectively, in secured notes. ULC I and ULC II had no funding sources; that is, Calpine itself guaranteed the bonds. As a result, the Canadian debtors now hold various intercompany unsecured claims against the U.S. debtors, including the two tranches of $2.47 billion in outstanding ULC notes.

Between 2003 and 2005, in fact, Calpine repurchased $708 million of the ULC notes on the open market and transferred about $564 million to the Canadian debtors.

Those intercompany claims by the Canadian bondholders have created continuing problems for Calpine, though it seems as if the U.S. and Canadian affiliates are close to resolving them. Calpine has agreed to absorb the full $1.9 billion cost of the ULC I bonds, says an attorney close to the settlement who spoke on condition of anonymity. And an agreement in principle was recently forged regarding about $420 million in ULC II bond claims and a further $665 million in Calpine Energy Services Canada Partnership claims guaranteed by Calpine, which is expected to file a motion outlining the agreement soon after it files its plan, the attorney says.

One thing that likely must wait until after Calpine gets a plan confirmed is the saga involving a $646.11 million settlement among the debtors, the creditors and first-lien holders of 9.625% notes due 2014. Lifland approved a long-sought settlement on May 9 that allows the creditors to sue the first-lien noteholders to void the seniority of the notes within the bankruptcy petition.

The parties were locked in a stalemate on Nov. 15, when Lif- land agreed to table the matter for six months in an attempt to avoid costly and time-consuming preconfirmation litigation. The first-lien noteholders pulled their appeal of Lifland's order granting Calpine the unilateral right to pay down the principal on the notes under the out-of-court settlement. Meanwhile, Law Debenture Trust Co., trustee on the notes, agreed to withdraw its pending appeal of Lifland's May 10, 2006, prepayment order in the 2nd Circuit Court of Appeals. The U.S. District Court for the Southern District of New York in Manhattan had initially upheld Lifland's ruling and the trustee then appealed that decision to the circuit court.

While Law Debenture withdrew the prepayment appeal, it will continue its complaint in bankruptcy court seeking to collect about $96 million in interest lost on the notes if they had not been redeemed early, says Law Debenture's lawyer, Steven Levine of Brown Rudnick Berlack Israels LLP.

The settlement gave Calpine some critical breathing room, however, since both the creditors' suit to void the notes' first-lien seniority and the noteholders' suit are expected to continue past the effective date of Calpine's plan.

Besides its physical assets, Calpine now even has some financial ones in the form of net operating loss carryforwards, or NOLs.

"The debtors expect to emerge with NOLs exceeding $3.5 billion, and we believe the tax savings from the NOLs would exceed $1.2 billion [per year]," Kirkland & Ellis' Jeffrey Powell told Lifland on Dec. 6. "We need to ensure that the L5 exception of the Internal Revenue Code would allow us to use these NOLs without limitation."

Calpine thus expects to cash in on a clause that permits bankrupt companies swapping debt for equity to use the NOLs if the new owners individually hold less than 5% of the new equity but collectively more than 50%. The tax windfall isn't available to nonbankrupt companies.

But the NOL debate could have repercussions on the valuation situation. Earlier in the case, Lif­land approved a Calpine motion to restrict any additional equity acquisition to 4.7% to preserve the NOLs. Some shareholders, however, believe the restriction could handcuff potential bidders from making a formal offer. Still, as a reorganized company, the use of $1.2 billion in tax benefits each year is a valuation builder.

Calpine's debt woes don't only refer to the sheer volume of it, but also to the internecine fights over who gets paid first. For instance, the company has stirred controversy by attempting to prepay $2.52 billion in noncallable prepetition debt. Lif- land approved Calpine's right to pay down the debt at a March 5 hearing as part of his approval of the company's $5 billion replacement DIP financing.

But eight prepetition lenders at Calpine's bankrupt affiliate Calpine Generating Co. LLC argued in separate objections that they were entitled to at least $15 million in damages under prepayment. Lifland ruled that none of the CalGen lenders was entitled to a prepayment premium as long as the $2.52 billion in prepetition debt was refinanced before its April 1 maturity.

The pivotal question was whether a trust indenture's drafting omission relieved the debtor of the obligation to pay prepayment premiums or similar damages before the original maturity date, Lifland said. The court rejected the lenders' argument that their indentures barred Calpine from prepayment during the so-called no-call period before April 1 without payment of the premium.

"None of the six tranches of CalGen secured debt include any form of liquidated damage provision prior to April 1," Lif- land wrote in a 14-page decision. "Absent a provision in the underlying agreement authorizing the payment of fees, costs or charges, the secured party is prohibited from incorporating such amounts into its allowed secured claims."

Wilmington Trust Co., successor administrative agent on $600 million of CalGen's first priority term notes due 2009, appealed the decision on March 23. Lifland rejected the appeal, and 30 parties then separately appealed Lifland's ruling to the U.S. District Court for the Southern District of New York in Manhattan starting on April 14.

At issue is whether noncallable debt can be considered a legitimate claim during a bankruptcy proceeding. Judge George Daniels designated the appeal by HSBC Bank USA NA, successor indenture trustee on $640 million in second-lien floating notes due 2010, as the lead case.

Whether all this background noise makes combat over valuation even more ornery remains to be seen, but it certainly is not going to make it easier. Not surprisingly, Calpine months ago started laying plans in case the Aug. 20 confirmation deadline is missed.

"Your honor, even if we do meet the goal of filing a plan by June 20, we will be running up against a 60-day confirmation window," Cieri told Lifland on Dec. 6. "With the complexity of soliciting votes over numerous tranches of public debt, even if we had a fully consensual plan on June 20, it is likely that the exclusivity period could run out."

According to the transcript, Calpine was already developing case management procedures to deal with the possibility of multiple plans vying for confirmation — a distinct scenario if the Aug. 20 deadline is blown.

"We see these case management procedures as being critical so all parties have the opportunity to assess fairly those plans if there are multiple plans before the court sometime down the road," Cieri told the court.

Better to be prepared, especially with so many fireworks to come. Alas, with the pressure building among shareholders and unsecured creditors as to what Calpine is worth and what everyone will recover, the June 20 filing of a reorganization plan could see all those parties let off a burst of steam that not even one of the company's geysers could rival.

Gruss Hans

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Calpine

Morgen geht es also um top oder flop?

_________________

Ich hole sie mir zurück, dieses verdammte Biest!

Hans
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...dann schaun wer mal...:wink:

dobry wrote:

Morgen geht es also um top oder flop?

Gruss Hans

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Calpine

Der Reorganisationsplan, den Calpine gestern vorgelegt hat, ist für Aktionäre nicht gerade das Gelbe vom Ei.

Für sie ist immer noch alles möglich - pennieless oder $ 3.53 pro Aktie. Der ganze Plan muss jetzt noch vom New Yorker Gericht akzeptiert werden. Vorher wird noch mit den diversen Gläubiger verhandelt - Es könnte sein, dass am Schluss der Hick Hack zwischen den Anwälten, der schwarze Peter den Aktionären zugeschoben wird und die leer ausgehen werden - die letzten beissen die Hunde.

Es wird noch eine Zeitlang dauern, bis der endgültige Entscheid gefällt wird.

HPG

Hans
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Falsch gebi!

Hier ist der richtige POR, da steht $1.80 Buchwert/ Aktie und in dieser Branche wird Buchwert-Faktor 4,5 bezahlt, zB. bei Dynegy

4,5 x 1.80 macht $8

http://www.investorvillage.com/smbd.asp?mb=260&mn=7073&pt=msg&mid=2395601

Teilt man die 20,3 Mrd MarketCap durch $8 bekommt man 2,5 Mrd Aktien, ich denke 2 Mrd. wird eher stimmen, und dann kommt man auf $10 pro Aktie BiggrinBiggrin

...und dann vergisst Du auch noch den Buy out, der wird kommen und dann ist Calpine selber so hilflos Biggrin ausgesetzt dass es krass explodieren wird das Teil....

...sollte die Aktie auf 1.80 abstürzen werde ich meine Hypothek aufstocken....und die Kohle - VOLLE KANNE in Calpine stecken.

BiggrinBiggrin

Gruss Hans

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@Hans

Dein Wort in Gottes Ohr...würde zwar nicht gerade mein Haus darauf setzten...aber natürlich bleibe ich mit meinem Spielgeld drin... Biggrin

no risk...no fun...

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Hans, besten Dank für Deine Sicht der Dinge. Wahrscheinlich hast Du Recht - wenigsten die Investoren sind auch Deiner Meinung. Gestern stieg CPN 13.7%, 50 Mio. Papiere wechselten die Besitzer. Es gibt sie, die puren Optimisten.

Ich habe gestern mir den Reorganisationsplan (www.kccllc.net/Calpine) angeschaut und versucht ihn zu verstehen. Leider viel "Bahnhof" verstanden und mit 3 ellenlangen Files (exzellentes Juristenfutter) - diese Finanzfachsprache beherrsche ich nicht einmal auf Deutsch. Verstanden habe ich aber, dass einige Kredite mit Aktien hinterlegt sind. Somit ist das Calpineherzblut (und der Richter wird das nicht übersehen) für die Aktie verständlicher.

HPG

Hans
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c. Equity Value WinkWinkWink

After determining the TEV of the Reorganized Debtors, Miller Buckfire estimated the reorganized equity value of the Reorganized Debtors by deducting the net debt, which ranges from $10.7 billion to $11.9 billion. After these adjustments, the estimated reorganized range of equity values of the Reorganized Debtors (the “Reorganized Equity Value”) is between $8.379 billion and $9.613 billion. Based on a hypothetical 500 million shares of New Calpine Common Stock outstanding, the value per share is $16.76 to $19.23.

http://phx.corporate-ir.net/phoenix.zhtml?c=103361&p=irol-sec

Gruss Hans

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Calpine

Hallo Hans

Ich sehe, mein Pessimisms scheint nicht angebracht. Mit diesem letzten Kommentar ziehst Du uns Calpineanleger richtig den Speck durch den Mund. Nun, ich sage es so. Allzu euphorisch darf man nicht werden, das macht einem Blind und Papier nimmt sowieso alles an. Trotz dem, besten Dank für Deine interessante Mitteilung, die ich nicht gesehen habe.

Nun ich hätte doch noch eine Frage an Dich. Es wird in vielen Artikeln von den neuen Aktie gesprochen. Wie muss man sich diesen Wandel vorstellen? Hat man als Altaktionär anrechte neue oder verfallen die Alten?

Gruss

HPG

Hans
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...die Altaktionäre werden gemäss Plan mit $1.80/ Aktie, das sind bei 500 Mio Aktien gerade mal $900 Mio, das ist wohl echt mies, aber immer noch besser als nix.....max. könnte $3.56/Aktie sein, oder wenn's ganz mies kommt gibts gar nix, das ist auch noch möglich, weil die Abgeltung der Unsecured noch nicht genau fest steht, bekommen sie im definitiven Plan $900 Mio mehr als errechnet im POR, so erhalten die Altaktionäre gar nix. :cry:

Soweit die Zahlenbeigerei von Miller/Buckfire im POR.

Altaktien werden gewandelt wenn Chapter 11 beendet ist, liegt der Aktienkurs zB. bei $18, so wird das Umtauschverhältnis wohl bei 10:1 (für 10 alte eine neue Aktie), bestenfalls 5:1, und schlechtestenfalls 0 sein.

Zudem rechne ich noch damit, dass die Altaktionäre Warrants erhalten werden, sagen wir mal 100 Stück pro 1000 Aktien, damit kann man dann Aktien zu $18 kaufen...

Beim Mirant Chapter 11 Fall gab es ein Umtauschverhältnis von 50:1 und 86 Warrants/1000 Aktien

***************

Das Game hat aber erst begonnen, da ist noch nix in Stein gemeisselt, kommt von aussen ein Angebot siehts wieder ganz anderst aus....und die umsatzstärksten Monate kommen erst, an der OTC kann man damit kursmässig viel bewegen Lol

Gruss Hans

gebi
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Calpine

Hans, ich danke Dir bestens für Deine prompte Antwort. Ich habe wieder etwas dazugelernt. Also lasst uns fröhlich "gamen", bis der grosse Entscheid fällt.

Gruss

HPG

Lipice
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Danke Hans

Danke Hans!

Hallo Hans

ich möchte dir einfach Danke sagen, ich weiss nicht, ob du dich noch an mich errinerst?

Am 16.12.05 habe ich deine Empfehlung befolgt und bis heute 850% plus gemacht.

Nochmals herzlichen Dank für den Tipp, ich denke das bin ich dir schuldig.

Hans, möge der Reibach weiterhin mit dir sein Wink

Kann es sein das der Terminator seine Californische Eletro Automarke TESLA

pusht und somit auch Calpine profitiert...

nur so eine Phantasie Smile

hier siehst du Hans deinen Terminator im Tesla übrigenes für Kapitalist der damals vor mir gekauft hat. Dieser Wagen ist fast so schnell wie dein Porsche, den du dir nun kaufen könntest Wink

1 - 100 km/h in 4.1 sek!!!

205 PS / 182 KW

70 000 Euro

6831 Lithium- Ionen Zellen

Max. 210 km/h

Mit mir wirst du nie hungrig sein.

Hans
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Calpine

...Merci, ganz schön schnell....:)

... aber Profit bunkern nicht vergessen Wink

Gruss Hans

Lipice
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calpine

Keine Ursache Hans

also ich muss sowieso eine neue Küche kaufen und somit werde ich diese Woche aussteigen das Geld für diese aus Handarbeit bestehende Küche einsetzen und all die Geräte die man noch so braucht.. auch bleibt was für die Ferien übrig Wink

Das Küchenmodell wird Hans heissen Wink in memoriam Wink an deinen Tipp.

Nochmals vielen Dank und viele gute Trades.

melde mich noch bei dir...

Paar Flaschen Wein würden auch drinliegen ... kein Problem

Mit mir wirst du nie hungrig sein.

dobry
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Calpine

@Lipice...Ja ja, in Kroatien kommt man eben noch günstig zu Küchen und in die Ferien musst du auch nicht, da bist du ja schon Lol

_________________

Ich hole sie mir zurück, dieses verdammte Biest!

Lipice
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Küchen

Nein, nein

auch dort ist es ein teuerer Spass... Europäische Preise...

Schon allein die MwSt liegt bei 22% Sad

Oder denkst du, dass die Preise für Konsumgüter dem Landesindex angepasst sind???

Bsp.

Clio hier in der CH für 32 000 kostet dich in HR über 60 000 soviel zu den Preisen

Mit mir wirst du nie hungrig sein.

Hans
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Re: calpine

...ungarischer Fusel Wink :?:

Lipice wrote:

Paar Flaschen Wein würden auch drinliegen ... kein Problem

Gruss Hans

Lipice
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Calpine

Habe eher an Dingač gedacht Hans. Zuerst probieren, dann urteilen Wink in der Schweiz hier erhältlich http://www.vallis-aurea.ch/

Dieser trockene Qualitäts-Rotwein (Kakovostno Vino) mit kontrollierter Herkunft stammt von der Halbinsel Peljesac rund 100 Kilometer nordöstlich von Dubvronik in Kroatien. Bereits im Jahre 1910 hat dieser Wein auf der Pariser Weinausstellung eine Goldmedaille errungen. Das nach dem gleichnamigen kleinen Ort benannte Gebiet an der Südwestseite der Halbinsel nahe der felsigen Adria-Küste um den Ort Potomje ist durch 3.000 Sonnenstunden per Jahr geprägt. Der Name bzw. das Ursprungs-Gebiet ist seit dem Jahre 1961 international geschützt. Der Dingac wird sortenrein aus überreifen, halbgetrockneten Trauben der autochthonen Rebsorte Plavac Mali gekeltert. Der rubin- bis violettfarbene und ölige Wein hat einen Alkohol-Gehalt zwischen 13 und 15% vol. Er zählt zu den absoluten Spitzen-Rotwein....

aber gehen wir zurück zu unserem Thema calpine...

3.65 Dollar

I love this Game.. wo ist eingentlich unser Kapitalist

Mit mir wirst du nie hungrig sein.

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