Ambac Rocky Balboa oder chapter 11

Montag 2 heute 1,,11 close 1,40
meine Prognose zu abk=mind 5$ in 2009 Jahr oder ciao amigo bc!!!!!!!!  

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About Thomson ReutersUS CREDIT-Ambac capital under pressure as asset ratings drop
Wed May 13, 2009 12:59pm EDT  Email | Print | Share| Reprints | Single Page[-] Text [+]

Market News
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More Business & Investing News... Featured Broker sponsored link
By Karen Brettell NEW YORK, May 13 (Reuters) - Ambac Financial Group's
(ABK.N) policyholder surplus at its insurance arm plunged in
the first quarter, and as the value of the company's assets
continue to decline the insurer risks further capital falls
that some fear could lead it into runoff. When an insurer enters run-off it continues to pay for
existing liabilities but stops writing new business. Ambac on Monday reported a first-quarter loss of $392.2
million and said it had delayed the launch of a separate
municipal bond arm, Everspan Financial Guarantee Corp, due to
rating agencies pushing for outside investment to support the
unit's proposed top ratings. For details see [ID:nN11519756]. "Overall, results were poor and reflected the continued
deterioration of the company's structured finance book of
business," said Rob Haines, analyst at research firm
CreditSights. "Ambac has a policyholder surplus that we're concerned
about, which I would argue is dangerously close to the
regulatory minimum," he added. Ambac said on a conference call that it could petition the
Wisconsin insurance regulator for permission to free up
contingency reserves, which could boost capital by around $700
million. The company may also be able to reverse much of the capital
loss it took in the first quarter to downgraded debt if
proposals to remove requirements to mark mortgage debt to their
distressed market valuations are adopted, said spokesman Peter
Poillon. Ambac's bond insurance unit, Ambac Assurance Corp, has been
decimated by its exposures to residential mortgage-backed debt,
which includes protection sold on the securities through
Collateralized Debt Obligations (CDOs). Ratings downgrades of the risky securities caused the
insurer's policyholder surplus, which is the excess of assets
insurers hold over legal obligations to pay for policy
liabilities, to drop to $394 million in the quarter, from $1.6
billion at the end of the prior quarter. Most of the fall was due to Moody's Investors Service
downgrading a number of Alt-A residential mortgage-backed
securities to junk, which triggered a requirement for Ambac to
value the securities at their market levels, said Haines. Moody's also last month cut its ratings on Ambac Assurance
into junk territory, citing higher loss estimates for Ambac's
portfolio of residential mortgage-backed securities (RMBS),
which includes debt held for investment and guarantees the
company has sold on the securities. While the company's resources to pay claims remain above
the rating agency's expected losses, "this cushion has been
significantly eroded, and losses in more severe stress
scenarios would exceed available resources," Moody's said. Ambac now insures $49.4 billion in net par volumes of
junk-rated debt, up from $42.6 billion in the fourth quarter of
2008 and from $16.7 billion in the first quarter of 2008,
analysts at Barclays Capital said in a report on Monday. "We remain concerned about the potential for further
incurred losses, particularly from the company's RMBS and CDO
exposure," they added. As losses and downgrades continue, Ambac may face further
pressure and risk breaching regulatory minimums. "The statutory minimum is $65 million, they're still in
excess of it but you don't want to be that close," said
CreditSights' Haines. "Ambac's Everspan strategy has been effectively shut down
by the rating agencies, which means barring an outside capital
injection Ambac is likely headed towards run-off mode," he
said.
(Editing by James Dalgleish)  

abk hält sich noch gut, für mich ist bald aufstocken angesagt  

habe gestern meine ersten shares  zum aufstocken gekauft nur 2,1k
vorher 31k jetzt 33,1 k werde in nächster Zeit weiter uploadenwenns bis Juli weiter runtergeht was durchaus möglich ist sollte mann dann auf jeden Fall einsteigen
abk ist für ne fette rendite bzw Überascchung immer gut
Grüße
Paco  

Income Statement Get Income Statement for:  




View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 31-Mar-09 30-Sep-08 30-Jun-08 31-Mar-08
Total Revenue 1,129,521   488,175   547,166   426,933  
Cost of Revenue -   -   -   -  

Gross Profit 1,129,521   488,175   547,166   426,933  

Operating Expenses
Research Development -   -   -   -  
Selling General and Administrative 804,439   668,091   (266,931) 1,111,208  
Non Recurring -   -   -   -  
Others -   4,013,524   (1,989,572) 1,989,572  
 
Total Operating Expenses -   -   -   -  


Operating Income or Loss 325,082   (4,193,440) 2,803,669   (2,673,847)

Income from Continuing Operations
Total Other Income/Expenses Net -   1,204,916   (1,204,916) -  
Earnings Before Interest And Taxes 325,082   (2,988,524) 1,598,753   (2,673,847)
Interest Expense 45,382   83,385   91,368   116,937  
Income Before Tax 279,700   (3,071,909) 1,507,385   (2,790,784)
Income Tax Expense 671,900   (640,687) 684,251   (1,130,441)
Minority Interest -   -   -   -  
 
Net Income From Continuing Ops (392,200) (2,431,222) 823,134   (1,660,343)

Non-recurring Events
Discontinued Operations -   -   -   -  
Extraordinary Items -   -   -   -  
Effect Of Accounting Changes -   -   -   -  
Other Items -   -   -   -  


Net Income (392,200) (2,431,222) 823,134   (1,660,343)
Preferred Stock And Other Adjustments 13   -   -   -  

Net Income Applicable To Common Shares ($392,187) ($2,431,222) $823,134   ($1,660,343)



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einkaufskurse kommen vielleicht noch 0,70-0,80 eurobasis  

anscheinend sehen wir nicht mehr die 0,7-0,8 scheint eher wieder richtung 1 Euro zu laufen

egal habe zur Zeit 34k long

Grüße

Paco

 

scheint sich zu verbessern auf der bid Seite hier könnte bald was gehen der Kurs wird weiterhin Schwankungen aufweisen wobei ich denke alles unter 1$ ist eine Kaufgelegenheit,  wir werden noch höhere Kurse sehen
Grüße
Paco
p.s spaätestens im August stehen wir ü 2$ meine Prognose falls nicht vorher ch11 kommt:-)
Paco  

dollar linie und nun stellt sich die Frage whats going on
bei weiter fallenden Kursen würde und werde ich möglicherweise aufstocken da ich ein chapter 11 aktuell ausschließe
und wenn wirds dann ein rebound geben
s & p downgrade nun ja hat moodie schnoody schon vorgelegt
everspan wird verschoben halte ich für besser
mal schauen  

ich denke es wird noch maximal bis 0,80 gehen dann wirds erstmal einkleiner rebound kommen nur meine Meinug werde mich jedenfalls bei 0,80$ positionieren  

TEXT-S&P various actions on 182 U.S. rtgs after Ambac downgrade
Wed Jul 8, 2009 12:20pm EDT  Email | Print | Share| Reprints | Single Page[-] Text [+]

Market News
Wall Street ends flat ahead of earnings
Family Dollar rallies after Q3 results
Economy angst hits global stocks, oil; yen gains   |  Video
More Business & Investing News...  (The following statement was released by the rating agency) OVERVIEW -- We reviewed 181 Ambac-insured U.S. ABS classes following the recent
downgrade of the monoline insurer. -- We lowered 63 ratings and placed 39 of the lowered ratings on
CreditWatch negative. -- We placed 12 other ratings on CreditWatch negative. -- We affirmed our ratings on 106 classes. July 8 - Standard & Poor's Ratings Services today took various actions on
181 U.S. asset-backed securities (ABS) classes following the June 24, 2009,
lowering and CreditWatch placement of the financial strength rating on Ambac
Assurance Corp. (Ambac; BBB/Watch Neg/--) (for more information, see
"S&PCORRECT: Ambac Assurance Corp. Ratings Lowered To 'BBB' And Placed On
CreditWatch Negative"). We lowered our ratings on 63 U.S. ABS classes and placed 39 of these 63
ratings on CreditWatch with negative implications. In addition, we placed an
additional 12 ratings on CreditWatch with negative implications without
changing the current rating. Furthermore, we affirmed our ratings on 106 other U.S. ABS classes (see
list). Overall, the actions affect 145 student loan ratings, 13 auto loan
ratings, 12 rental car ratings, and 11 manufactured housing ratings. Standard &
Poor's is currently analyzing its outstanding ratings on approximately 200
other U.S. ABS classes that benefit from full financial guarantees from Ambac.
Most of these classes are backed by student loan collateral, and any rating
actions related to these classes will be discussed in a separate press
release. For each affected class, Ambac provides a full financial guarantee
insurance policy guaranteeing full payments of principal and interest to the
noteholders. Under our criteria, the issue credit rating on a fully credit-enhanced bond
issue is the higher of the two ratings: the rating on the credit enhancer or
the Standard & Poor's underlying rating (SPUR) on the class. A SPUR is our
opinion of the stand-alone creditworthiness of an obligation--that is, the
capacity to pay debt service on a debt issue in accordance with its
terms--without considering an otherwise applicable bond insurance policy. We placed 39 of the 63 ratings being lowered on CreditWatch with negative
implications. These 39 ratings affect 26 student loan classes, 12 rental car classes, and
one auto loan class. The additional 24 lowered ratings affect 11 manufactured
housing classes, nine auto loan classes, and four student loan classes. We also
placed our ratings on 12 classes related to one student loan issuer on
CreditWatch with negative implications Lastly, we affirmed 106 ratings on 103 student loan classes and three auto
loan classes.
RATINGS LOWERED
Capital One Auto Finance Trust 2006-A                            Rating
Collateral   Series   Class   To     From
Auto Loan    2006-A   A-4     BBB    A
Capital One Auto Finance Trust 2007-A
Auto Loan    2007-A   A-3-A   BBB    A
Auto Loan    2007-A   A-3-B   BBB    A
Auto Loan    2007-A   A-4     BBB    A
Triad Automobile Receivables Trust 2006-C                   Rating
Collateral   Class   To     From
Auto Loan    A-3     BBB    A
Auto Loan    A-4     BBB    A
UPFC Auto Receivables Trust                            Rating
Collateral   Series   Class   To     From
Auto Loan    2006-B   A-3     BBB    A
Auto Loan    2007-B   A-2     BBB    A
Auto Loan    2007-B   A-3     BBB    A
CountryPlace Manufactured Housing Contract Trust                                      Rating
Collateral             Series   Class   To     From
Manufactured Housing   2005-1   A-2     BBB    A
Manufactured Housing   2005-1   A-3     BBB    A
Manufactured Housing   2005-1   A-4     BBB    A
Manufactured Housing   2007-1   A-2     BBB+   A
Manufactured Housing   2007-1   A-3     BBB+   A
Manufactured Housing   2007-1   A-4     BBB+   A
Origen Manufactured Housing Contract Trust 2006-A                                      Rating
Collateral             Series   Class   To     From
Manufactured Housing   2006-A   A-1     BBB    A
Manufactured Housing   2006-A   A-2     BBB    A
Origen Manufactured Housing Contract Trust Collateralized Notes 2007-A                                      Rating
Collateral             Series   Class   To     From
Manufactured Housing   2007-A   A-1     BBB    A
Manufactured Housing   2007-A   A-2     BBB    A
Origen Manufactured Housing Contract Trust Collateralized Notes 2007-B                                      Rating
Collateral             Series   Class   To     From
Manufactured Housing   2007-B   A       BBB    A
National Collegiate Student Loan Trust 2007-3 (The)                              Rating
Collateral     Series   Class   To     From
Student Loan   2007-3   A-IO    BBB+   A
National Collegiate Student Loan Trust 2007-4 (The)                              Rating
Collateral     Series   Class   To     From
Student Loan   2007-4   A-IO    BBB+   A
California Education Facilities Authority 1998                     Rating
Collateral     Class   To     From
Student Loan   Sr      BBB    A
Missouri Hgr Ed Ln Auth 1988A                     Rating
Collateral     Class   To     From
Student Loan   1988A   BBB    A  

zu dem kurs habe ich vor ein paar monaten mal gekauft. hammer. ich denke es geht noch tiefer. blasen sind alle erst mal geplatzt. egal wo man hinschaut.
 

dachte nur bis 0,80 dann Freitag die 0,76 jetzt 0,82  

vermute das abk bis zu den Zahlen hochlaufen wird
der rebound kommt  

sicher? ich bin schon seit einer woche am überlegen ob ich kaufen soll?? wann kommen den die Zahlen??

Danke
wlad  

ich würde mir den Kurs in den nächsten Tagen anschauen
egal wie die Zahlen sind abk wird vorher steigen nur meine Meinung könnte sicherlich auch nochmal rutschen aber ich verfolge die devise wenn bei den banken der run gewesen ist kommt normalerweise abk in Gang
Grüße
Paco  

 

 

keine Ahnung von nichts aber Chart sah gut aus ;-)
bis jetzt ganz zufriedenstellend :-))
Warum kaufens drüben grad so wild?

Hoffentlich ist das etwas nachhaltiges.  

 

ist auf die nächsten 2-3 Jahre ausgerichtet, genau wie Freddie Mac.

0,69
+0,105
+17,95 %

Jetzt gehts los!  

der Langfristanleger hier noch nicht belohnt. Egal. Genießen wir die Gegenwart.
DER DOLLAR IST DA, ICH HAB IHN GESEHEN!

schon irrational diese ganze Börse.