Desarrolladora Homex mehr wert durch Aufspaltung?

Activist hedge fund am Werk.

http://www.pressking.com/press-releases/...hareholder-at-Homex-062162  

Das erklärt wohl auch, warum sich der Kurs seit Ende Juli wieder erholt.
Bis zu den Ständen von Jan. 2013 ist es aber noch ein langer Weg.

government minister pledged support

The homebuilders "have all the support" of the government, Carlos Ramirez Marin, the minister for urban and agrarian territorial development, told reporters in Mexico City. They are "very important for the country," he said.

http://www.bloomberg.com/news/2013-07-31/...rt-mexico-city-mover.html  

Hoffentlich wird was aus der versprochenen Unterstützung, aber Homex hat noch weitere Trümpfe auf der Hand:In Mexico werden interne Schulden vor dem Insolvenzgericht als normale Schulden behandelt(durch einen Schlupfloch im Gesetz) , dass ist auch der Grund wieso die Bonds so billig sind.

"Fitch Downgrades Homex's Ratings to 'RD'
...
Homex reports combining financial information as of Dec. 31, 2012, which raised concerns about the creation of large intercompany loans/transactions by the company during 2012. Fitch has not been able to ascertain the exact details of the intercompany loans/transactions between Homex, its guarantor subsidiaries, and its non-guarantor subsidiaries. These loans/transactions have the potential to hurt recoveries of external creditors in the event they are treated pari passu by a Mexican bankruptcy court, as this gives Homex's existing shareholders a significant say in a potential debt restructuring.
..."

 

http://www.starkinsider.com/2013/09/...rt-sold-ostar-hotel-group.html  

Wann kommen die Zahlen für 3Q13?  

"Monterrey.- La constructora de viviendas mexicana Homex, que sufre serios problemas de liquidez, dijo el martes que sus acciones en la bolsa local seguirán suspendidas hasta que presente sus resultados financieros del tercer trimestre.

La Bolsa Mexicana de Valores (BMV) suspendió el lunes la cotización de los papeles de la constructora, después de que se hundieran un 15% a 2.94 pesos tras el anuncio de la empresa de que presentará su reporte trimestral de manera extemporánea, a más tardar el 12 de noviembre.

"La Bolsa Mexicana de Valores dijo que la suspensión de la negociación de acciones de la Compañía será relevado una vez que la Compañía reporte los resultados del tercer trimestre", explicó Homex en un comunicado a la Comisión de Valores de Estados Unidos (SEC).

Las acciones de Homex en Wall Street ganaban el martes un 0.63% a 1.58 dólares."

http://eleconomista.com.mx/mercados-estadisticas/...spension-acciones

 

http://eleconomista.com.mx/taxonomy/term/4543  

"Culiacán, Sinaloa, June 16th, 2014- Desarrolladora Homex, SAB de C.V. ("Homex" or the Company) announced today that it has received a judgment of “Concurso Mercantil” judgment with respect to the restructuring pre-packaged plan for Homex and its subsidiaries.

As a result of this judgment, Homex trusts that it will obtain the necessary legal resources to execute an inclusive and thorough restructuring plan to ensure a gradual recovery and more importantly, ensure the long-term viability of Homex, while at the same time protecting the Company’s creditors’ rights.

Simultaneously, through this concurso procedure, Homex intends to preserve its existing relations with its employees, suppliers, creditors, and local, state and federal authorities, as well as with mortgage financing institutions thus maintaining the continuity of Homex’s operations and the value of its on-going business.

During the pre-packaged Concurso Mercantil process Homex and its subsidiaries will continue to operate subject to the reformed rules of the Ley de Concursos Mercantiles. The Company intends to secure the necessary financing and liquidity to execute its reactivation plan which contemplates the resumption of construction of housing projects.

Homex will continue to inform the market on a timely basis about material developments in this legal procedure. Additional information about the Concurso Mercantil legal procedure can be found at the Company’s IR website http://www.homex.com.mx/ri/index.htm."

http://www.sec.gov/Archives/edgar/data/1293153/.../hmx20140616_6k.htm