SAO PAULO, Sept 8 (Reuters) - Brazilian electricity utility Cemig is considering acquisitions of power generation and transmission assets as a way to maintain current levels of revenues if it loses its concessions for three key hydro power plants, a company official said on Tuesday.
Luiz Fernando Rolla, head of institutional relations at Companhia Energetica de Minas Gerais, as the company is officially known, said that partnerships with U.S.-based SunEdison Inc in renewable energy sources and with mining giant Vale in hydro generation will be critical for it to grow in the coming years.
Cemig is in the middle of a legal battle with the Brazilian government regarding three hydroelectric installations - Jaguara, Sao Simao and Miranda - that account for 34 percent of its power generation capacity.
The company is contesting the end date for the concession contracts. While it battles in courts, Cemig looks to grow quickly in the sector to offset the possible loss, and avoid a downsizing.
Rolla said expansion will happen through its subsidiaries if Cemig partners with private companies.
In renewables, the chosen vehicle for growth is Renova Energia SA, which sold a 15 percent equity stake to SunEdison for $250 million in July.
In hydro electricity, Cemig is betting on Alianca Geracao de Energia Ltda, where it owns a 45 percent stake. Vale has the remaining 55 percent.
"Power generation is a priority. We have on one side SunEdison and in the other Vale. Both companies have strong financial capacity to develop projects," said Rolla.
"We have great confidence that we will grow very quickly through those two investment vehicles," he added.
The executive said new projects are not out of the question but are less likely since construction time and investments would be large and cash generation would take time.
In May, Cemig presented shareholders with a target to reach cash generation measured by EBITDA - earnings before interest, taxes, depreciation and amortization - of between 4.6 billion and 5.9 billion reais from 2016 to 2019, compared to a projected range of 5.4 billion to 6.8 billion for 2015.
(Reporting by Luciano Costa; Writing by Marcelo Teixeira; Editing by Chris Reese)

• Utility Industry
• Cemig
• power generation

CIG 有3座發電廠特許權將到期，
占公司發電量34%。
公司將對外併購來補足減少的發電量。

這應該是CIG股價會跌得特別慘的原因。

踢到這顆磚頭讓我骨折了
還好有1/3加減碼和分散風險2大絕招,
受傷不重

今天有一位同學來回鍋，
她CIG一直攤，攤到占持股1/3之多。
她經這次教訓才了解我過去一再強調的
單一持股比例買滿了就不要再攤，

CIG仍是好公司，多抱一段時間會賺到大錢的。

學習mike桑，用固定的金額，目標在便宜價，買滿100個世界好股票，就不會急著攤平大跌的個股，等到買完100個股票，才回頭買進想買第二次的股票，

[ 本帖最後由 kaka 於 2015-10-4 21:52 編輯 ]

如果你發現自己在一艘正在滲水的船上，花精力更換船隻很可能比修補滲漏更為有效。
－ 巴菲特
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Warren Buffett


======================================================
當你發現自己在洞裡，最重要的是不再往下挖。
－ 巴菲特
The most important thing to do if you find yourself in a hole is to stop digging.
Warren Buffett

CIG昨天收$1.1，預估EPS為$0.65，所以本益比(P/E)只剩1.1/0.65=1.68倍太誇張，不進場攤平實在太浪費了



[ 本帖最後由 alohasu 於 2016-1-20 18:44 編輯 ]

這次股災股價跌到不可思議的低點，
我在證券業25年前所未見。
股市實在令人敬畏。

假如股價繼續跌到1塊以下股票會怎樣嗎??

美股跌到1美元以下將下市，
所以屆時股票會合併。

1.04

SDRL 這支去年本益比跌到1.3倍的股票，
今天股價跌24%。
真誇張！

天啊~我兩隻都有買ㄟ 想說股價這麼低不買可惜~
結果~~ㄜ..我傻了..
獲利穩定的公司也可以跌成這樣~
有個問題想請教先進~
像CIG這種ADR因市場的不理性而跌到下市後
ADR會變成該國的股票嗎?還是歸零變壁紙?
畢竟獲利這麼穩定,又不是虧錢虧到倒閉

QUOTE:

Michael請問合併是指ADR變成原本發行國的股票嗎?
以CIG為例就是從ADR轉換成巴西的股票嗎?
但我沒有巴西股票交易的帳戶也沒法子轉換阿?

股票合併又稱反分割，
和股票一樣，ADR若跌破1美元，公司會將ADR幾股併成1股ADR，
這樣ADR就不會下市惹。
如同當年C股價跌到1美元，即10股併成1股，股價回到10美元繼續掛牌。