Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (8591)	9/28/1998 8:59:00 PM
From: MGV	Respond to of 22640

I suspect that will be a wise move Steve. I have more to buy. I am in no particular hurry to do it for the same instinctive reasons. I was lucky and made a nice trade on Friday at the low. I'm a nibbler at 67-68 with increasing interest as it goes down from there.

To: Steve Fancy who wrote (8591)	9/28/1998 10:44:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shares shave gains, close nervous pre-FOMC Reuters, Monday, September 28, 1998 at 17:20 SAO PAULO, Sept 28 (Reuters) - Brazilian shares shaved gains at the close Monday as light volume exacerbated jumpiness ahead of Tuesday's rate-setting U.S. Federal Reserve Open Committee (FOMC) meeting, traders said. Wall Street stocks also retreated from session highs. "The bourse is falling even as it climbs on the coattails of the Dow," one trader said. "The volume is ridiculous." Sao Paulo's key Bovespa (INDEX:$BVSP.X) index closed 1.73 percent higher at 6,827 points after scooting up to 7,036 points earlier on pre-FOMC rate cut hopes. Trading volume was a scant 312 million reais. Dealers had already qualified last week's average daily volume of 434 million reais as ridiculously low as the market was treading water ahead of Sunday's presidential election. Traders expected Brazilian shares to move in step with outside markets until after Sunday, when investors expect the newly re-elected President Fernando Henrique Cardoso could take firmer steps toward resolving the country's economic problems. Wall Street shares closed higher Monday despite some wavering as investors priced in the widely-expected rate cut. On the local level, telecoms stocks were the most heavily traded with spectacular gains in Tele Centro Sul (SAO:TCSP4). The south-central telephone operator closed 11.30 percent higher, while blue chip Telebras receipts (SAO:RCTB40) advanced 1.05 percent to 86.40 reais. Eletrobras preferred (SAO:ELET6), another heavyweight share, jumped 3.1 percent to 26.60 reais, and Petrobras preferred (SAO:PETR4) closed 2.84 percent higher at 126.49. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (8591)	9/28/1998 10:48:00 PM
From: Steve Fancy	Respond to of 22640

Closing figures for the Baby Bras Preferred shares on the Bovespa for: 09/28/1998 ******* The 12 Baby Bra preferred shares should add up to the US ADR closing price Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR PN * EBTP4 14.00 15.50 13.00 13.30 = 0.00% 86 116,600,000 TELE CL SUL PN * TCSL4 1.60 1.75 1.60 1.75 + 4.16% 94 407,000,000 TELE CTR OES PN * TCOC4 0.80 0.87 0.78 0.85 +18.05% 106 467,700,000 TELE CTR SUL PN * TCSP4 12.00 13.00 12.00 12.80 +11.30% 79 147,400,000 TELE LEST CL PN * TLCP4 0.58 0.60 0.50 0.50 - 7.40% 74 369,200,000 TELE NORD CL PN * TNEP4 1.00 1.00 0.86 0.90 + 1.12% 69 213,800,000 TELE NORT CL PN * TNCP4 0.50 0.55 0.38 0.39 -11.36% 90 323,800,000 TELE NORT LE PN * TNLP4 13.20 13.20 12.70 13.20 + 1.53% 63 185,800,000 TELE SUDESTE PN * TSEP4 4.19 4.40 4.00 4.39 + 5.52% 87 204,000,000 TELEMIG PART PN * TMCP4 1.20 1.20 1.04 1.05 - 1.86% 88 490,900,000 TELESP CL PA PN * TSPP4 10.00 10.00 9.00 9.00 = 0.00% 78 270,900,000 TELESP PART PN * TLPP4 31.00 31.70 27.50 27.50 - 8.33% 134 178,800,000 ------ R$ 85.63 R$ 85.63 / 1.1835 = US$ 72.35 Closing figures for the Baby Bras Common shares on the Bovespa for: 09/28/1998 These shares trade only in Brazil (Control or Voting shares), will not match up to US ADR Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR ON * EBTP3 9.60 10.00 9.60 9.90 + 4.21% 5 4,700,000 TELE CL SUL ON * TCSL3 0.85 0.90 0.85 0.87 +16.00% 25 195,200,000 TELE CTR OES ON * TCOC3 0.55 0.55 0.49 0.52 + 4.00% 17 112,000,000 TELE CTR SUL ON * TCSP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE LEST CL ON * TLCP3 0.39 0.39 0.36 0.36 +20.00% 10 67,000,000 TELE NORD CL ON * TNEP3 0.55 0.58 0.54 0.57 +18.75% 18 228,900,000 TELE NORT CL ON * TNCP3 0.35 0.38 0.30 0.30 + 3.44% 16 302,000,000 TELE NORT LE ON * TNLP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE SUDESTE ON * TSEP3 2.35 2.35 2.35 2.35 = 0.00% 1 3,000,000 TELEMIG PART ON * TMCP3 1.00 1.00 1.00 1.00 = 0.00% 2 5,000,000 TELESP CL PA ON * TSPP3 6.20 6.20 6.20 6.20 + 6.89% 1 1,000,000 TELESP PART ON * TLPP3 19.30 19.30 18.51 18.51 - 3.59% 4 23,100,000 Closing figures for Telebras receipts on the Bovespa for: 09/28/1998 These symbols are kind of the US TBH equivalent without the crazy premium. I believe the first two are the normal receipts, don't know about rest...anyone? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBR RCTB RON* RCTB30 54.60 56.00 52.50 54.00 + 1.88% 136 89,100,000 TELEBR RCTB RPN* RCTB40 87.00 90.50 85.70 86.40 + 1.05% 604 1,046,000,000 RCTB RPN* RCTBJ23 1.50 2.20 1.30 1.40 + 7.69% 1109 2,037,000,000 RCTB RPN* RCTBJ24 0.65 0.99 0.50 0.60 + 9.09% 180 423,000,000 RCTB RPN* RCTBJ25 0.30 0.36 0.25 0.27 + 8.00% 19 49,000,000 RCTB RPN* RCTBJ26 0.12 0.14 0.11 0.11 +10.00% 5 17,000,000 RCTB RPN* RCTBJ41 12.50 14.50 11.50 11.70 + 2.63% 39 82,000,000 RCTB RPN* RCTBJ42 6.20 8.70 6.20 6.70 + 8.06% 561 1,297,000,000 RCTB RPN* RCTBJ43 3.50 4.60 3.00 3.20 + 3.22% 1391 2,502,000,000 RCTB RPN* RCTBJ52 21.90 21.90 19.25 19.30 +14.88% 4 22,000,000 TELEBR RCTB RON* RCTB30F 54.50 56.00 52.00 52.00 / 0.00% 28 712,859 TELEBR RCTB RPN* RCTB40F 88.50 90.00 86.00 86.50 / 0.00% 48 1,150,596 Closing figures for other Baby Bra related symbols on the Bovespa for: 09/28/1998 Have no idea what these are...options? Anyone know or want to help figure it out? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELE CL SUL ON * TCSL3T 0.94 0.94 0.93 0.93 0.00% 3 15,000,000 TELE CTR OES ON * TCOC3T 0.53 0.54 0.53 0.54 0.00% 2 10,000,000 EMBRATEL PAR ON * EBTP3F 9.00 9.00 9.00 9.00 / 0.00% 1 87,143 EMBRATEL PAR PN * EBTP4F 14.00 14.50 13.01 14.48 / 0.00% 4 143,197 TELE CL SUL ON * TCSL3F 0.73 0.85 0.73 0.85 / 0.00% 3 142,143 TELE CL SUL PN * TCSL4F 1.55 1.70 1.55 1.60 / 0.00% 4 184,946 TELE CTR OES PN * TCOC4F 0.76 0.86 0.65 0.65 / 0.00% 4 165,197 TELE CTR OES ON * TCOC3F 0.36 0.50 0.36 0.50 / 0.00% 4 91,243 TELE CTR SUL ON * TCSP3F 4.00 4.00 4.00 4.00 / 0.00% 1 87,143 TELE CTR SUL PN * TCSP4F 11.50 13.00 11.50 13.00 / 0.00% 3 150,197 TELE LEST CL ON * TLCP3F 0.30 0.34 0.30 0.33 / 0.00% 6 120,181 TELE LEST CL PN * TLCP4F 0.54 0.54 0.51 0.51 / 0.00% 6 205,066 TELE NORD CL ON * TNEP3F 0.51 0.54 0.51 0.54 / 0.00% 2 135,083 TELE NORD CL PN * TNEP4F 1.00 1.00 0.86 0.86 / 0.00% 4 112,847 TELE NORT CL ON * TNCP3F 0.25 0.37 0.25 0.37 / 0.00% 5 168,119 TELE NORT CL PN * TNCP4F 0.45 0.45 0.25 0.45 / 0.00% 4 158,033 TELE NORT LE PN * TNLP4F 12.00 13.00 11.77 13.00 / 0.00% 6 128,183 TELE NORT LE ON * TNLP3F 5.50 5.50 5.50 5.50 / 0.00% 1 87,143 TELE SUDESTE PN * TSEP4F 4.20 4.20 3.51 3.54 / 0.00% 8 176,130 TELE SUDESTE ON * TSEP3F 2.50 2.50 2.20 2.20 / 0.00% 2 87,143 TELEMIG PART PN * TMCP4F 1.10 1.10 1.04 1.04 / 0.00% 3 158,033 TELEMIG PART ON * TMCP3F 0.60 0.60 0.60 0.60 / 0.00% 2 87,143 TELESP CL PA ON * TSPP3F 5.30 5.30 5.30 5.30 / 0.00% 1 87,143 TELESP CL PA PN * TSPP4F 9.00 9.00 8.60 8.60 / 0.00% 2 85,197 TELESP PART PN * TLPP4F 31.00 31.50 30.00 31.50 / 0.00% 6 113,653 TELESP PART ON * TLPP3F 18.50 18.50 18.50 18.50 / 0.00% 1 87,143 Closing figures for other Telebras related symbols on the Bovespa: 09/28/1998 These symbols are for the 52 individual companies, no match to anything, provided FWIW. Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBAHIA PNA* TEBA5 19.90 19.90 19.70 19.82 - 0.40% 3 260,000 TELEBAHIA ON * TEBA3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNB* TEBA6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNC* TBAC7 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS PN EC TELB4 0.45 0.45 0.40 0.42 - 6.66% 91 336,800,000 TELEBRAS ON EC TELB3 0.42 0.42 0.25 0.35 -14.63% 3 500,000 TELEBRASI CL PNB* TBRC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL ON * TBRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA ON * TBRS3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4 97.00 100.00 93.00 93.00 - 2.10% 5 180,000 TELEMIG ON * TMGR3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNB* TMGR6 43.00 44.00 41.00 44.00 + 4.76% 9 3,310,000 TELEMIG PND* TMGR8 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7 13.00 13.70 12.10 13.01 + 8.32% 27 6,890,000 TELEMIG CL PNB* TMGC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3 12.10 12.11 12.10 12.11 -11.99% 2 20,000 TELEMIG CL PNE* TMGC11 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR PN * TEPR4 180.00 190.00 180.00 185.00 + 3.93% 35 1,790,000 TELEPAR ON * TEPR3 119.00 119.00 119.00 119.00 = 0.00% 2 6,000 TELEPAR CL ON * TPRC3 40.00 42.00 40.00 42.00 + 4.89% 2 101,000 TELEPAR CL PNB* TPRC6 66.00 66.99 65.00 66.99 + 0.43% 14 162,000 TELERJ ON * TERJ3 21.50 21.50 21.50 21.50 -17.30% 1 10,000 TELERJ PN * TERJ4 37.00 37.79 35.02 35.11 - 3.54% 208 83,970,000 TELERJ CL ON * TRJC3 23.00 23.00 23.00 23.00 - 4.12% 1 10,000 TELERJ CL PNB* TRJC6 27.00 28.50 26.50 28.30 + 6.79% 72 19,420,000 TELESP PN * TLSP4 180.00 188.00 172.00 178.00 - 1.11% 502 120,190,000 TELESP ON * TLSP3 128.00 130.00 125.00 128.00 - 0.38% 46 23,040,000 TELESP CL PNB* TSPC6 54.99 56.00 54.49 55.00 + 1.85% 179 84,780,000 TELESP CL ON * TSPC3 32.00 34.00 32.00 32.50 - 4.41% 7 330,000 TELEBAHIA ON * TEBA3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNB* TEBA6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5F 19.90 19.90 18.50 19.00 / 0.00% 4 29,451 TELEBAHIA CL PNB* TBAC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS ON EC TELB3F 0.37 0.37 0.29 0.35 / 0.00% 7 213,343 TELEBRAS PN EC TELB4F 0.45 0.45 0.35 0.35 / 0.00% 7 210,734 TELEBRASI CL ON * TBRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6F 43.00 43.00 43.00 43.00 / 0.00% 1 1,950 TELEBRASILIA PN * TBRS4F 95.01 95.01 93.00 93.00 / 0.00% 3 3,752 TELEBRASILIA ON * TBRS3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG ON * TMGR3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNB* TMGR6F 40.00 40.00 40.00 40.00 / 0.00% 2 2,390 TELEMIG PND* TMGR8F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNA* TMGR5F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7F 11.00 12.20 10.02 10.02 / 0.00% 3 5,655 TELEMIG CL ON * TMGC3F 10.01 10.01 10.00 10.00 / 0.00% 2 6,866 TELEMIG CL PNB* TMGC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNE* TMGC11F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR ON * TEPR3F 115.00 115.00 115.00 115.00 / 0.00% 1 733 TELEPAR PN * TEPR4F 180.00 180.00 171.01 171.01 / 0.00% 6 2,667 TELEPAR CL ON * TPRC3F 40.00 40.00 40.00 40.00 / 0.00% 1 733 TELEPAR CL PNB* TPRC6F 64.99 65.00 63.02 63.02 / 0.00% 6 2,645 TELERJ PN * TERJ4F 37.00 37.00 36.00 36.25 / 0.00% 13 29,530 TELERJ ON * TERJ3F 25.10 25.11 23.00 23.00 / 0.00% 8 24,887 TELERJ CL PNB* TRJC6F 26.00 28.00 26.00 27.50 / 0.00% 11 33,276 TELERJ CL ON * TRJC3F 23.02 24.00 22.80 24.00 / 0.00% 4 16,711 TELESP PN * TLSP4F 183.00 188.00 172.01 172.01 / 0.00% 45 173,649 TELESP ON * TLSP3F 130.00 130.00 121.00 121.00 / 0.00% 19 59,660 TELESP CL PNB* TSPC6F 52.00 55.50 52.00 53.00 / 0.00% 24 98,438 TELESP CL ON * TSPC3F 33.00 33.00 31.00 31.71 / 0.00% 14 50,716

To: Steve Fancy who wrote (8591)	9/28/1998 10:51:00 PM
From: Steve Fancy	Respond to of 22640

Brazil Expects Intl Aid Total To Equal Financing Loss September 28, 1998 Dow Jones Newswires BRASILIA -- The total of an eventual international financial aid package for Brazil could possibly be based on a value which will offset expected future losses in foreign financial investments, a presidential spokesman said Monday. "The exact value and format of such a package depend entirely on the outcome of the annual meeting of the International Monetary Fund (IMF) starting Saturday," official presidential spokesman Sergio Amaral said at his daily press briefing. He said the expectation of the Brazilian government is that the amount might substitute international financing investments which Brazil will eventually no longer receive as a result of the current financial turmoil affecting the country. Falling just short of actually confirming the approval of an aid package, it is the first time that a spokesman for Cardoso came so close in giving any concrete details since the aid was mooted by market sources two weeks ago. Meanwhile, both the central bank and the Finance Ministry confirmed Monday that the Brazilian delegation to the IMF meeting will consist of some of the top executives of the government's economic management team. Central Bank President Gustavo Franco will be accompanied by his international affairs director Demosthenes Madureira Pinho Neto and Supervision Director Claudio Mauch. Finance Minister Pedro Malan will be assisted by International Affairs Secretary Marcos Caramuru, Economic Policy Director Amaury Bier and Treasury Secretary Eduardo Guimaraes. -By William Vanvolsem; (5561) 244 3095; wvanvolsem@ap.org

To: Steve Fancy who wrote (8591)	9/28/1998 10:53:00 PM
From: Steve Fancy	Read Replies (8) \| Respond to of 22640

Brazilian Opposition Warns Of Economic Chaos Dow Jones Newswires SAO PAULO (AP)--The two leading opposition presidential candidates in Brazil's Oct. 4 elections Monday warned of impending economic chaos in Latin America's largest country. Luiz Inacio Lula da Silva of the leftist Worker's Party and Ciro Gomes of the left-of-center Popular Socialist Party made their remarks at a joint press conference held to complain of what they said was the "slanted press coverage" of their campaigns. Gomes, a former finance minister, said Brazil's current economic stabilization policy would "at best result in a severe recession in 1999 and at worst, a complete economic breakdown." Lula said Brazil had become excessively dependent on speculative capital "to the extent that we are now at the mercy of the good will of the U.S. government and the International Monetary Fund, which has lost all of its credibility." He said that Korea, Indonesia, Thailand and Russia "recently submitted themselves to IMF-imposed austerity measures, and all have gone bankrupt." "And Brazil is headed in the same direction," he added. The two candidates said President Fernando Henrique Cardoso, who is expected to win his bid for reelection, was preparing a post-election package of austerity measures that would "stifle economic growth." Like other emerging markets, Brazil has been buffeted by the turmoil in world financial markets with a loss of investor confidence and a strong outflow of capital. To prevent a collapse of Brazil's currency, the real, and stem capital flight, the government on Sept. 10 raised interest rates from 30% to 50%. Last week, Cardoso tried to reassure international investors and prepare Brazilians for belt-tightening economic measures that heightened fears of recession and unemployment. He hinted strongly that taxes would be increased in an effort to tackle a budget deficit of more than 7% of gross domestic product. Before the interest rate rise, Brazil needed 63 billion reals (BRR) ($1=BRR1.18) to finance its internal debt, Gomes said. "Now it needs BRR80 billion, bringing us dangerously close to 8% of GDP. This spells economic chaos," he said. Recent polls give Cardoso about 47% of the vote, compared to 24% for his nearest rival, Lula. Gomes trails in third place with about 10%.