Orlando, FL -- (SBWIRE) -- 09/06/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Companhia de Saneamento Basico (ADR) (NYSE:SBS), Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL).
Companhia de Saneamento Basico (ADR) (NYSE:SBS) shares gained 11.47% to $9.43. The company on Sept. 2 publicly informs that has filed on this date its reply to the Resolution 427 (8/2/2013) of ARSESP – Sanitation and Energy Regulatory Agency of the State of Sao Paulo, which maintained the suspension of the company's tariff revision.
ARSESP, through said resolution, requested Sabesp to provide a deadline to reevaluate certain items of its Regulatory Asset Base – BRR and afterwards, forwarded through an official letter, the items to be revised.
Additionally, the company on August 29 announces that it has entered into an agreement with the Executive Power of the Municipality of Diadema to assume total control over the municipality's water and sewage services for a period of 30 years.
The main items of the agreement are: Total assumption of the concession, comprising water and sewage services, for 30 years; Settlement of the lawsuit in regard to debt arising from the expropriation of the assets by the municipal government; Settlement of the lawsuits related to wholesale water supply debt arising from the partial payment of water bills by Saned – the municipal company that currently provides these services in the municipality; The assumption of Saned's workforce by Sabesp; Compliance with the Municipal Sanitation Plan.
Are investors worried about the recent updates with SBS? Find out with a free trend analysis HERE
Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) shares gained 8.44% to $4.11. Twenty months after Delta Air Lines (DAL) and GOL Linhas Aereas Inteligentes (BM&FBovespa: GOLL4 and NYSE: GOL) announced their enhanced, long-term, exclusive alliance, the companies highlight the milestones achieved. Delta and GOL leveraged the strengths of both carriers to create additional value by establishing a seamless customer experience.
Additionally, the company on August 19 announces its preliminary air traffic figures for July 2013. Net PRASK presented an 18% growth over July/12, even with a supply reduction of 4.8% in the domestic market in the period. This is the highest PRASK increase of the last two years, and demonstrates the Company's efforts in optimizing its supply and maximizing the profitability of its routes.
Is GOL going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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