Author Topic: FCAU - Fiat Chrysler Automobiles  (Read 834123 times)

kab60

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Re: FCAU - Fiat Chrysler Automobiles
« Reply #2760 on: September 09, 2018, 10:48:16 AM »
Didn't see it mentioned here, but one thing - which Berenberg writes in a big auto OEM analysis recently - is the negative working capital. Some 20b off the top of my head? No view here, just thought I'd mention it.


walkie518

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Re: FCAU - Fiat Chrysler Automobiles
« Reply #2761 on: September 10, 2018, 08:05:04 AM »
I'm not sure this is a very intelligent move?  Why would Fiat consider selling MM at such a large discount?  Am I missing something?
https://finance.yahoo.com/video/kkr-said-talks-fiat-chrysler-135327493.html

ValueMaven

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Re: FCAU - Fiat Chrysler Automobiles
« Reply #2762 on: September 10, 2018, 06:47:43 PM »


whatdadil9

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Re: FCAU - Fiat Chrysler Automobiles
« Reply #2764 on: September 11, 2018, 06:04:00 AM »
The pre-eminent tech disruption investor who is the largest shareholder in global ride hailing made a 1bn bet on FCA.. tells you they think the brands are secularly strong and autonomous/ridesharing is not gonna kill auto.

Also, they are huge in China and obviously are not worried about the china piece...

rkluwer

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Re: FCAU - Fiat Chrysler Automobiles
« Reply #2765 on: September 12, 2018, 05:32:29 AM »
Story out that "KKR" or a sub of them, japenese oed company, is only preperede to pay arrround 5 y Eur for M. Fiat is said to seek arround 6 y eur. Other players have been mentioned, apollo and bain to name a few, from the story.

The say due to the bad stock market for carparts etc in Eu at mom, KKR doesn't think the need to pay top premium for Magneti at mom. But lets see. The end Aug deadline is over, så maybe why the news have been leaked, so we shall see what happens. Atleast it puts a mark on where this has to get traded, arround the 5-6 y eur price (6-7 y USD)   
« Last Edit: September 12, 2018, 05:56:30 AM by rkluwer »

fareastwarriors

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Re: FCAU - Fiat Chrysler Automobiles
« Reply #2766 on: September 12, 2018, 10:14:53 AM »

ajc

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Re: FCAU - Fiat Chrysler Automobiles
« Reply #2767 on: October 10, 2018, 08:43:06 AM »

https://www.bloomberg.com/news/articles/2018-10-09/fiat-chrysler-is-said-to-near-sale-of-marelli-to-kkr-s-calsonic


Looks like most of Magneti Marelli is going to Calsonic Kansei for slightly over $6.3B. The sale may be announced as early as this month.
At today's share price, that's slightly less than 25% of FCAU's market cap.



Wabash02

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Re: FCAU - Fiat Chrysler Automobiles
« Reply #2768 on: October 10, 2018, 12:22:10 PM »
I saw the 6.3B number included debt.  Any thought as to how much of that number is debt?

Thanks

ajc

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Re: FCAU - Fiat Chrysler Automobiles
« Reply #2769 on: October 10, 2018, 01:18:10 PM »


I saw the 6.3B number included debt.  Any thought as to how much of that number is debt?

Thanks



Good question. Sorry, not sure.
Trying to set bias aside, I'd guess Manley and Elkann would continue on the spin-off route if the mix wasn't favorable.
They were going to until the offer was raised, so I'd think it'll reflect that.
With any luck, we'll know by month-end.