Last $0.0080 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 12/11/13 All times are local (Market data is delayed by at least 15 minutes).

urbi desarrollos urbanos sab (URBDF) Snapshot

Open
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Previous Close
$0.0080
Day High
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Day Low
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52 Week High
06/19/13 - $0.16
52 Week Low
12/11/13 - $0.0080
Market Cap
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
976.4M
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for URBI DESARROLLOS URBANOS SAB (URBDF)

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urbi desarrollos urbanos sab (URBDF) Details

URBI, Desarrollos Urbanos, S.A. B. de C. V. operates as a housing developer in Mexico. The company operates through four segments: Affordable Entry Level Housing, Low Middle Income Housing, High Middle Income Housing and Upper Income Housing, and Housing Related Activities. It purchases, develops, and sells plots of lands; designs, develops, promotes, and commercializes social interest, medium, and residential housing; provides administrative services; grants credits and other financial services; and sells housing furniture and equipment. The company has operations in 39 cities in Mexico. URBI, Desarrollos Urbanos, S.A. B. de C. V. was incorporated in 1981 and is based in Mexicali, Mexico.

urbi desarrollos urbanos sab (URBDF) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

urbi desarrollos urbanos sab (URBDF) Key Developments

Urbi, Desarrollos Urbanos, S.A.B. de C.V.(BMV:URBI *) dropped from Mexico IPC Index

Urbi, Desarrollos Urbanos, S.A.B. de C.V. will be removed from Mexico IPC Index.

Mexico Stock Exchange Suspends Trading In Urbi

Mexico's stock exchange announced that it had suspended trading in Urbi a day after the company announced it had postponed its quarterly earnings report. Urbi said it needed more time to restructure debt and and digest a recent change in government subsidies to homebuilders, but gave no time-frame for when it would post its quarterly results.

Urbi, Desarrollos Urbanos, S.A.B. de C.V. Fails to Make Missed Interest Payment

Urbi, Desarrollos Urbanos, S.A.B. de C.V. failed to make up its missed interest payment within the 30-day grace period. The company had a 30-day grace period, until May 19, to make the $6.4 million interest payment on its $150 million in senior 8.5% bonds due on April 19, 2016. It missed the payment on April 19. Urbi also missed a MXN 3.9 million ($316,240) interest payment on its MXN 600 million in 8.35% bonds due Dec. 9, 2014, that was due on April 30. The company had a three-day grace period to make the payment, but also failed to meet the deadline. The company is in default on both of the bonds that it has missed interest payments on, adding that while its debt has cross-default provisions, that doesn't mean all of Urbi's debt is being declared in default or is being accelerated at this time. Urbi is in the early stages of its restructuring process and is working with Neil Augustine at Rothschild, Alvarez & Marsal Holdings LLC and Luc Despins and Joy Gallup at New York law firm Paul Hastings LLP to assist it in evaluating its financial situation and options. Urbi's bondholders, meanwhile, are working with Moelis & Co. and Allan S. Brilliant and Craig P. Druehl at Dechert LLP.

 

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URBDF Competitors

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Company Last Change
Consorcio ARA SAB de CV $5.82 MXN +0.13
Corp GEO SAB de CV $1.66 MXN 0.00
Desarrolladora Homex SAB de CV $3.15 MXN 0.00
Empresas ICA SAB de CV $21.60 MXN +0.19
Sare Holding SAB de CV $0.36 MXN +0.001
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Industry Analysis

URBDF

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Valuation URBDF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 0.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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