Facebook paid $ 19 billion by Whats in 2014.
WhatsApp does not have a business model to produce real revenue. Petrobras has, since the government Vargas. The problem is that our oil has another thing Whats lacks: a debt of $ 128 billion.
This gives 50% of the entire market value of Facebook (or 100% of the global Volkswagen, if you prefer an example of the old economy). Worse, only the interest of that debt, the largest in the world, eat all that the company takes profit.
If you were Petrobras, would be working just to pay the credit card interest, and would need to go taking new cards to pay household bills. As much as you worked, your account would remain empty, like Petrobras box.
Yes, every big company has debt. But Petrobras plays in another league, alone.
Shell, for example, owes $ 45 billion, but produces twice Petrobras, and also has its beloved projects, and also suffers from the low oil record. Petrobras hole is unique.
E is lower. The quaquilhões that our oil is US $ 24 billion are now - the company must repay in two years, if not seen default. $ 24 billion is the market value of Carrefour (or Netflix, if you prefer something of the new economy).
In other words, Petrobras needs to find a Carrefour money in two years to stay alive.
Think about it when someone advise you to buy shares in Petro because they are "cheap" too. On the company's situation, no amount is too cheap.
Government, main shareholder of thing, you'll probably have to get the money trucks that the company needs to repay at least some of those $ 24 billion that mature by the end of 2017.
But who complicates there are other shareholders. If the government does this, it will be in exchange for a bigger slice of the company's stock - a process whose technical name is "capitalization".
Today the government owns 8 billion Petrobras shares. As there are 13 billion shares of Petrobras, the state owns 60% of the company. This gives 60% of the company. A guy who has a lot of 100 shares owns 7.7 billionths.
Now comes the slutty. If the government put, like, $ 10 billion in Petrobras as a "cap" the company will "pay the government" by issuing new shares and giving it to him. This creates an "equity inflation."
The total number of shares increases, but without the company has increased value.
Let's say grow from 13 billion to 20 billion roles. The owner of all new shares, as we saw, is the government.
In this, the state would have 15 billion shares (8 billion of the old new + 7). Ie would become owner of 75% of the company.
And the bastard son of God, who placed a part of the FGTS Petrobras shares or who relied on the idea of becoming a member of the government? What happens to his actions? It is now worth less than before.
A batch of 100 fails to amount to 8 billionths of the company. Become 4 billionths. In financial jargon, such shareholder has just "diluted". This has nothing alien: it was exactly what happened last capitalization of Petrobras in 2010Think about it when someone advise you to buy shares in Petro because they are "cheap" too. On the company's situation, and this dilution on the horizon, no amount is too cheap. Anything above $ 0.00 is pure bet.
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