SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ms.smartest.person who wrote (4441)1/10/2001 2:04:31 AM
From: ms.smartest.person  Read Replies (1) of 4541
 
BNP: PCCW (0008) pays $180M more for its facility

2001-01-08 15:51

(Infocast News) In response to the increase in the interest spread of Pacific Century CyberWorks (0008) (PCCW), BNP Paribas Peregrine said that in terms of earning impact, PCCW-HKT will have have to pay an additional $180 million above LIBOR in interest expense in the first three years. Nevertheless, the decline in US interest rates will have more than offset this repricing.

The brokerage firm has revised earnings forecast upward to reflect the repricing and sharp LIBOR decline in the past months. Its old estimate is based on 6.7% LIBOR. It now estimates that the loss per share of PCCW in 2000 to be 4.8 cents, and the earning per share in 2001 to be 16.6 cents. Despite these, The firm said PCCW's share price will remain sluggish near term given the negative sentiment towards telecom stocks and uncertainties about the overhang of Cable & Wireless' pending share disposal.




infocastfn.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext