Bunge ist einer der führenden Unternehmen im Agri- und Food Production Business. - Hauptsitz White Plains (New York) - www.bunge.com - über 25000 Mitarbeiter - 450 Betriebsstätten - 32 Ländern vertretten - Aktienanzahl 122.02M Float: 120.41M Held by Insiders: 1.14% Held by Institutions: 80.50%
am 23.07.2009 wird Q2 veröffentlicht.
"Die Actien-Börse" schreibt ...Das Unternehmen sei einer der weltweit größten Hersteller und Verarbeiter von Agrarprodukten. Mehr Stabilität sei eigentlich kaum vorstellbar. Doch auch Bunge habe von ursprünglich 56 Mrd. USD Umsatz auf durchschnittlich 36 bis 40 Mrd. USD in diesem Jahr zurückstecken müssen. Dies sei eine annualisierte Schätzung. Der Gewinn sei um 33% gefallen, werde aber per 2010 mit deutlich über 6,00 USD erwartet. Daraus errechne sich ein KGV von 10 als Durchschnitt.... komplett: http://www.ariva.de/news/Bunge-kaufen-Die-Actien-Boerse-3025678
: Bunge Q2 profit slips, but maintains guidance
* Q2 EPS $2.28, down 58 pct from year ago
* Adjusted EPS $2.13 beats consensus forecast for 90 cts
* Noted good agribusiness results, net loss in fertilizer
* Maintains full-year guidance of $4.90-$5.40 EPS
* Shares slip about 50 cents in early trading (Adds details, context, byline)
By Karl Plume
CHICAGO, July 23 (Reuters) - Oilseed processor and fertilizer producer Bunge Ltd (BG.N) posted better-than-expected quarterly results on Thursday, although income was down 58 percent from last year's strong second quarter.
Bunge's quarterly net profit came to $313 million, or $2.28 a share, compared with a year-earlier profit of $751 million, or $5.45 a share.
Adjusted earnings per share of $2.13, which excluded a $32 million credit in transactional taxes, exceeded the consensus analyst forecast of 90 cents per share, according to Reuters Estimates.
Strong results in its agribusiness segment were partly offset by a net loss in its fertilizer business, which has suffered from falling prices for fertilizers produced at a higher cost, Bunge said.
New York-based Bunge expects a strong second half of the year, with results more heavily weighted to the fourth quarter, and maintained its full-year earnings guidance of $4.90 to $5.40 per share.
Net sales fell 23 percent from the same quarter a year ago to $10.994 billion.
"We remain optimistic for a solid second half of the year," Bunge Chairman and CEO Alberto Weisser said in a release.
"We continue to work through some remaining high-cost raw material inventory in our fertilizer segment, but good demand and improved international phosphate pricing should benefit our fertilizer margins," he said.
AGRIBUSINESS RESULTS STRONG
Bunge said strong demand for soybeans from China, good margins and improved demand for soymeal, and increased grain volumes in Europe contributed to the stronger-than-anticipated results from its agribusiness unit. Agribusiness profits totaled $448 million, up from the previous three quarters' poor results, but down 27 percent from a year ago.
Bunge had posted losses in the previous two quarters, its first as a publicly traded company.
Brazilian soybean exports soared this year as a drought-shortened crop in competing South American exporter Argentina tightened global supplies while China stepped up imports.
Argentina's crop woes limited soy processing utilization there, but supported global crush margins, Bunge said.
Meanwhile, forecasts for a record-large U.S. soybean crop this fall should provide ample volumes to its U.S. operations.
The strong agribusiness results more than offset another tough quarter in Bunge's fertilizer business, which struggled amid falling prices and high-cost inventories.
Bunge, the largest producer and supplier of fertilizer in South America, reported a net loss of $53 million in the segment, compared with a net year ago profit of $393 million.
Profit in edible oil products fell 33 percent from a year ago to $10 million, pressured by lower volume and margins in Brazil.
Milling products profit fell 75 percent to $14 million as wheat milling margins narrowed.
Bunge's shares were down about 50 cents at $65.03 in early New York Stock Exchange trading. The stock hit a five-week high of $67.04 earlier in the week, but remained 31 percent below a year ago. (Reporting by Karl Plume; Editing by Derek Caney and Maureen Bavdek)
TheStreet.com's stock-picking model upgraded Bunge(BG Quote) to "buy." Bunge sells agriculture, fertilizer and food products.
The numbers: Second-quarter revenue fell 24% to $11 billion as net income plummeted 58% to $313 million and earnings per share dropped 61% to $2.13. The company's operating margin fell from 6% to 1% and the net margin declined from 5% to 3%. Bunge has a weak liquidity position, with just $489 million of cash and a quick ratio of 0.3. But a debt-to-equity ratio of 0.7 indicates reasonable leverage. The company is poised to benefit from a rebound in commodities prices.
The stock: Bunge has climbed 36% this year, beating major U.S. indices. The stock is trading at a price-to-earnings ratio of 20, a premium to the market, and offers a modest 1% dividend yield.
Bunge to sell 10 million shares to repay debt; could raise $708.4M based on Monday's price
WHITE PLAINS, N.Y. (AP) -- Seed and agribusiness company Bunge Ltd. said on Monday it has begun a public offering of 10 million shares.
Based on Monday's closing price of $70.84, the offering would raise some $708.4 million. Bunge shares fell $3.53, or 5 percent, to $67.30 in late trading after the announcement.
It said underwriters could buy another 1.5 million common shares. Bunge said the offering would be made under an existing shelf registration statement, and that it would use the money to repay debt and for general corporate purposes.
Analysts say Bunge public offer could fund Corn Products buyout try, but odds are against it
HARTFORD, Conn. (AP) -- Bunge Ltd. might use the funds from a public offering announced Monday for another attempt to buy Corn Products International Inc., but the odds are against it, a pair of analysts said Tuesday.
Seed and agribusiness company Bunge has begun a public offering of 10 million shares that would raise about $708.4 million based on Monday's closing share price of $70.84. The company last November ended a bid to take over Corn Products after the refiner's board withdrew its recommendation of the proposed $4.4 billion deal.
"While nothing would shock us, we would be surprised ... if Bunge were to acquire Corn Products International -- which likely will benefit from speculation of a renewed deal -- in part reflecting the hiring of a new CEO at Corn Products International," analyst Kenneth Zaslow of BMO Capital Markets said in a client note.
Westchester, Ill.-based corn refiner Corn Products International announced in April that Ilene Gordon was appointed chairman, president and CEO.
Separately, Deutsche Bank analyst Christina McGlone said that if Bunge tried again to purchase Corn Products, the transaction value would be about $3.7 billion, or $39 per share to shareholders of Corn Products International. That would represent a 34 percent premium to the stock's closing price Monday of $29.21.
"However, given the still tight funding environment and amount of distressed assets in the agribusiness space globally, the ultimate use of funds is unknown, at this point," she said in a note to investors.
A spokeswoman for Bunge did not immediately return a call seeking comment Tuesday morning.
Shares of Bunge fell $2.89, or 4 percent, to $67.95 in premarket trading Tuesday.