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.
Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.956-0.1%Nov 25 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doug Chin who wrote (1254)3/19/1998 9:42:00 PM
From: Mayer Tchelebon  Read Replies (1) of 22640
 
The main difference between the common and the preferred shares of TBR is that the common is voting and the preferred is non-voting. But they each represent the same size of the pie.

There are 124.3M Common shares, of which the Brazilian Gov't owns 50.03%. There are 196.3M Preferred shares, of which the Gov't owns 3.12%. In total, the gov't owns 21.32% of the combined total of Common and Preferred (320.7M shares).

96.2M of the Preferred shares (49.02% of Preferred and 30.01% of the combined total shares) are represented by ADRs.

If the gov't gets 20B Reais for its 21.32% it translates to R292 per share or about US$250, using the exchange rate of July-August.

Bear in mind that the Real automatically depreciates by 9% against the US$ each year.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News