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The Tokyo Metropolitan Government said Monday that it had made a shareholder proposal, requesting Tokyo Electric to restart nuclear reactors, citing a potential power shortage later this year.
Restart of just two reactors at Kashiwazaki would be worth ¥30bn-40bn ($270m-360m) a year in profits to Tepco after five years. The cash flow benefit would be even larger — approximately ¥70bn-80bn — because Tepco would have less need to buy fossil fuels to burn in other plants.
*Tokyo Electric Power Shares Jump on Nuclear Restart Hopes
https://www.marketwatch.com/story/tokyo-electric-power-shares-jump-on-nuclear-restart-hopes-271651803090
Japan Regulator to Begin Checks at Tepco’s Niigata Reactors
http://www.bloomberg.com/news/2013-11-13/japan-regulator-to-begin-checks-at-tepco-s-reactors-in-niigata.html
Japan to Begin Restarting Idled Nuclear Plants, Leader Says
http://www.nytimes.com/2013/03/01/world/asia/japan-to-begin-restarting-idled-nuclear-plants.html?_r=0
Japan's TEPCO gears up for US shale gas imports
Tepco plans to dump ‘cleaned’ Fukushima No. 1 water
Tepco's Fukushima HQ starts operations
Futaba mayor: Citizens may be able to go home after 30 years
Source: http://www.japantimes.co.jp/text/nn20130105a4.html
Japan's Tepco sued by US sailors over radiation
Source: http://www.bbc.co.uk/news/business-20856051
Explains the share price drop today. Good buying opportunity...
TEPCO requests additional Y697 bil yen for compensation
Source: http://www.japantoday.com/category/national/view/tepco-requests-additional-y697-bil-yen-for-compensation
And the other side of the coin...
Nuclear Stock Rally in Japan Ignores Public Opposition
Kansai Electric Power to increase household rates by 12%, plans for more reactor restarts
Bond prices are trading at nearly 100 cents on the dollar for everything that is up to 5 years out...the lowest bond price up till the end of this decade is actually 89 cents I believe.
TEPCO continued donations to villages after Fukushima nuclear accident
Source: http://ajw.asahi.com/article/0311disaster/fukushima/AJ201210220060
Removal of steel members started at Fukushima I unit 3
http://www.shimbun.denki.or.jp/en/news/20120925_02.html
Tepco brings in outside experts to monitor nuclear reforms
http://www.reuters.com/article/2012/09/11/tepco-reforms-idUSL3E8KB6G820120911
My comments: TEPCO is proceeding as expected to take all the necessary steps to restart all the reactors. The cynic inside me thinks this is just a PR move to appease the public, but regardless, I am pleased to see them making the appropriate movies.
Foreign firms eye bids for TEPCO smart meters
http://www.yomiuri.co.jp/dy/business/T120826002054.htm
TEPCO is proceeding forward as usual.
TEPCO chief vows cost cuts amid $3.68 bn loss
http://uk.finance.yahoo.com/news/tepco-chief-vows-cost-cuts-091943654.html
Tepco Under State Control as Government Gets Shares for Cash
http://www.bloomberg.com/news/2012-07-31/tepco-under-state-control-as-government-gets-shares-for-cash.html
Japan's Tepco baffled by criticism of its role in nuclear disaster
http://www.cnbc.com/id/48239154
TEPCO president vows to overcome public distrust
http://www.kfvs12.com/story/19061541/tepco-president-vows-to-overcome-public-distrust
Government allows TEPCO rate hike as high as 8%
http://japandailypress.com/government-allows-tepco-rate-hike-as-high-as-8-196929
Steady as she goes......
It appears we are currently between stage 2 and 3 with TEPCO.
Guide to distressed utility investing by Peter Lynch
This chapter deals with utilities, especially nuclear power providers who suffer a temporary setback (like General Public Utilities, once proud owners of Three Mile Island Unit Two), but also other power utilities such as Consolidated Edison, who made massive losses as the price of oil skyrocketed in the 70s energy crisis, and yet regulators refused to allow the company to pass on the price to energy consumers. Although regulators can be a real burden on utilities, they are also their guardian angels, trying to prevent them from going entirely out of business, as long as people still need electricity the government regulators will not allow the company to fold. As a result utilities can take massive hits in the share price, but in all but a very rare few there is a support level from which they bounce back, often very spectacularly several years after the event. Lynch quotes some specialist utility analysts who have identified four distinct stages in a utility crash and recovery.
Stage one: disaster. Either the cost of fuel has gone through the roof or a major accident has occurred, a huge sell off follow, where the utility may fall to 20 to 30 percent of book value in one or two years. Those who regard utilities as safe bottom draw blue chips usually get something of a shock if their once-a-decade examination of their portfolio happens to coincide with this period.
Stage two: crisis management. An austerity budget is adopted and the dividend is reduced or eliminated. Costs are cut to the point that the company can survive the disaster. At this point Wall Street isn't paying attention any more, and stock prices remain very low.
Stage three: financial stabilization. The company, now as lean and mean as it will ever get can now turn a profit on the cash it receives from its bill-paying customers. Share prices by now have doubled, they are selling at 60 to 70% of book value while still reflecting great value in the eyes of typical "value investors".
Stage four: recovery. The company can now once again make a profit and pay a dividend. Shares now sell at full book value. Where it goes from here depends a lot on how regulators allow it to pass on costs to customers and the reception from the capital markets, because the company needs capital to expand.
http://www.rbcpa.com/Lynch's25GoldenRules.html
Govt may delay financial support for Tepco
http://www.reuters.com/article/2012/07/17/tokyoelectricpower-government-idUSL4E8IH3F820120717
Consumer panel tells Tepco to cut pay 30%
http://www.japantimes.co.jp/text/nn20120717x2.html#.UAWDkHWoG8A
TEPCO may cut rate hike to 9% level
http://www.yomiuri.co.jp/dy/national/T120703004159.htm
Tepco's Plans Restart of World's Biggest Nuclear Plant
http://www.bloomberg.com/news/2012-06-27/tepco-s-new-chief-sees-no-plan-b-to-revive-profitability.html
TEPCO Shareholders Approve Nationalization
http://www.theglobeandmail.com/report-on-business/video/video-japans-tepco-nationalization-approved/article4373468/
Chevron Sells Australia LNG Project Stake to Tepco
http://blogs.wsj.com/dealjournalaustralia/2012/06/18/chevron-sells-australia-lng-project-stake-to-tepco/
They are diversifying. Nuclear will have to be the core of Japan's energy industry though.
TEPCO directors quit with 'golden parachute'
http://www.abc.net.au/news/2012-06-27/tepco-directors-quit-over-fukushima-disaster/4096552
I'm surprised this stock hasn't received more attention from contrarian investors...this is definitely a opportunity of a lifetime IMO.
I don't know much about TKECY except that, as you mentioned, it's much less liquid than TKECF. Furthermore, TKECF is considered a "foreign security" so when I purchased it, I was charged an additional $15 transaction fee (aside from the $9.99 regular stock purchase fee that Ameritrade charges). However, this $15 foreign fee isn't charged by Ameritrade directly; rather, whatever foreign broker sold me the shares charged Ameritrade, who then passed the charge onto me.
Can anyone explain the difference between TKECF and TKECY? Volume seems very low on TKECY but it is the only one of the two that Zecco will let me purchase.
All depends on what's going on in JAPAN. This stock mimics the stock changes in the Japanese stock for Tokyo Electric Power...as it's the stock for the same company. If you google TEPCO, you'll find articles relating to positive or negative news that cause changes in the stock price daily.
nevermind, misread the article.
Nationalization... uh oh.
and we'll be here to make hundreds of %
(I hope)
Its very unstable, people are very undecided. All I know is this stock will rise pretty soon when good PR starts rolling out!
Anyone have any idea on why this stock will drop .25 one day and rise .25 the next?
Anyone have any idea on why this stock will drop .25 one day and rise .25 the next?
"Crippled Japan plant's operator pays relief money to nuclear crisis victims"
Recently placed $5k when shares were at 2.38, small gain so far.
I don't know, so much to say. I'm wondering if I should invest more? The bottom of TKECF 2.37 not sure if it will be coming back to 12$ ? I already put money in at 5 hope it wont dip back to its lowest, as the diet still hasn't passed.
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