[Pop2mollys 416]

32 minutes ago, BIPV Investor said:

If you can sell any of those shares you just picked up around 2 today you got yourself a clean 20% after hours. GLBL is up 14% on the management change news. Not enough to close out any real positions though.

http://m.nasdaq.com/symbol/glbl

im sure a decent size  order (100k) would get bought up around 2.35-2.40 area right now.  Nice trade explo, your killing it right now.  

[SolarRoof 68]

I added at 1.96 yesterday, but am still down overall.  Feels good to stumble upon good timing for a change though.  Expect it to rise more as they clarify strategy (and TERP as well).

[explo 648]

8 hours ago, BIPV Investor said:

If you can sell any of those shares you just picked up around 2 today you got yourself a clean 20% after hours. GLBL is up 14% on the management change news. Not enough to close out any real positions though.

http://m.nasdaq.com/symbol/glbl

Yes I already have a big lump sell order in mid 2.30s for re-sell three (trippling trading spread on assumed bottom bounce) lots picked up at an average of $2. Looks I might get this chance to offload early to get GLBL down to 20% from current 30% of my stocks. Second time for a big flip as it hits low 2's. The flip on TERP was played more safe to bet more on a big gain on GLBL.

Unfortunately I cannot get filled in AH and PM from here.

[explo 648]

7 hours ago, Pop2mollys said:

im sure a decent size  order (100k) would get bought up around 2.35-2.40 area right now.  Nice trade explo, your killing it right now.  

Yes it looks like I've been really fortunate loading up GLBL big on weakness (second time now).

[explo 648]

The PR of CEO step down: http://finance.yahoo.com/news/terraform-global-announces-senior-management-221200103.html

Almost identical PR from TERP: http://finance.yahoo.com/news/terraform-power-announces-senior-management-221310156.html

So both are distancing themselves by ousting new CEO from SunEdison almost before he sit down and independent directors take over management.

 

[odyd 1,340]

and they appoint the new CFO from SunEdison who has not even started with SunEdison, as a director of the board, they do distance themselves in a peculiar way.

[explo 648]

2 minutes ago, odyd said:

and they appoint the new CFO from SunEdison who has not even started with SunEdison, as a director of the board, they do distance themselves in a peculiar way.

Yes in a way they take in more SUNE people, since Wuebbels was leaving SUNE. Anyway it does not look good that he's leaving before even having time to sit down. I hope it can trigger some fills today.

[odyd 1,340]

What adds more concerns is the subordinate role of yieldcos. They cannot make financial statements now they do not have a need for a leadership. Even in the last minute before ship goes down, they are depriving yieldocs of direction. Blackmore is a Queen of England, figurehead without any value running an office of a chairman.

[explo 648]

17 minutes ago, odyd said:

What adds more concerns is the subordinate role of yieldcos. They cannot make financial statements now they do not have a need for a leadership. Even in the last minute before ship goes down, they are depriving yieldocs of direction. Blackmore is a Queen of England, figurehead without any value running an office of a chairman.

Yes the admin dependence on SUNE by yieldcos is something I underestimated. I thought them being able to float the yieldcos assured that the yieldcos had adequate independence.

 

[ravalos 25]

There's no rocket science on this, Aurelien in SA covered very well the different scenarios for Global for instance, so if you assume that debt must be eliminated entirely as a result of the now-almost-confirmed SUNE BK, you can then expect around 200m revenue give or take. Of this, you can expect the middle point of his ranges so let's play it safe and go with 80m annually in CAFD, so just apply a multiple to that according to your risk tolerance and based on treasury yields, currency factors, etc etc so if you assume a low multiple (like 6-7x for a 15% yield which is more than enough to compensate for your risks) you get $480m-$560m divided by ALL shares outstanding (assuming all B shares get converted into Class A) so 178m gives you $2.7-$3.15 per share. That's 20% higher or more from today's price, and I'm being VERY conservative. 

Unless there's outright fraud and both yieldcos lied entirely about what they owned that's a different story, but I doubt that's the case. I think the SEC/DOJ investigation is aimed more specifically at the whole VSLR transaction, but who knows, you always have to give the benefit of the doubt. However I do believe in Tepper and I think that him increasing his stake in TERP tells you plenty. The guy tried to avoid the spotlight unlike others, he's pretty smart so I would give him the benefit of the doubt too..  I'm already positioned on both yieldcos anyway, so we'll see.