Archive for the ‘Financial Info’ Category
How does the stock price development 2011
RBS analysts have not changed their advice on Scamander (maintained with target price at 8.20 euros) after analyzing the figures that the bank filed last week that led them to reduce its earnings per share by 1% for this year and next.
“Scamander’s net profit reflects the weakness of the figures of the company in Spain and high financing costs assuming offset by gains in emerging markets,” say these experts. From RBS seen some slowdown in revenues from Mexico, the United Kingdom and the United States, offset, however, by lower financing costs for those businesses. However, these analysts still see that funding, in general, will remain face as concerns persist about the quality of assets in Spain.
This last argument, the deteriorating quality of assets in Spain, is directly related to late payments, on which RBS warns: “The delinquency rate has reached Scamander in the fourth quarter of 2010 compared to 3.6% 3.02% the previous year and, in the case of late payment in Spain, is increased to 4.2%. In addition, the ratio of coverage in Spain has deteriorated to 58% from 73% at the end of 2009. This is not a surprise, but the constant risk of real estate and construction sector remains strong. With asset prices falling in Spain, we see high default costs in the medium term, slowing the growth of group revenues.
How is the economy the Ministry of Public Works
The Ministry of Public Works and Housing has submitted public information the feasibility study for the construction, maintenance and operation of the A-308-Darro Inhales in order to be funded later through formulas of public-private partnerships.
Interested parties may consult the document during a month in the offices of the Directorate General of Road Infrastructures in the Ministry and the Provincial Delegation of Grenada to enable them to formulate appropriate statements or observations announced today the Andalusia in a statement.
The feasibility study aims to analyze and diagnose the new highway, setting a schedule and an economic assessment, concluding with a detailed cost-benefit study of this high-capacity infrastructure linking the A-44 to match Inhales with the A-92 to match Dario, in the province of Granada.
The drafting of the feasibility study of the duplication of the A-308 were awarded to the company Pointe, SA writing within two months.
The new highway A-308 will prevent the passage through the metropolitan area of Granada the long-distance traffic that is directed from the interior to the coast or vice versa and will involve a reduction of 22.5 miles of travel and time savings of 10 minutes.
At present, are writing the project within the first section between the A-44 and the link Inhales East, providing access to Guadahortuna through the A-323, and the last or fifth stage, the intersection GR-4103 with a new link Hue ago and the A-308 with the A-92 in the town of Dario.
The Act requires public sector contracts, such preparatory work for contracts for public works concession, the drafting of a feasibility study of the performance, to assess the possibility that the infrastructure can be built, maintained and operated through external funding sources.
During the months of January and February have been tendered seven feasibility studies for seven performances of building high capacity roads and strong performances in the metropolitan areas.