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Wildbill. You are absolutely right, I would also say that the short term bubble is bursting already. BUT there are certainly gems that will have resources enough to grow to good companies, only how to sift them out from the crowd. Only time can do that.
I looked into CHME.OB $ 3.55 China Medicine Corp, who reported good 2Q earnings: revenues 8.5 mill up 105%, net rev. 1.1 mill up +328%. O/S 19 mill, float 1.2 mill. Cash 2.7 mill.
CHME catched my eye because it makes generic western drugs in addition to its traditional Chinese drugs. Generic drugs is big business and pharmaceuticals buy generic drugs where they are cheapest, no matter where.
GDOCF in Oslo now $7.56 :) Dry bulk rules!
FRO $49.32 ($45.68 in Oslo now)
FRO - Dividend information
We refer to the press releases regarding Second Quarter dividend and Extraordinary dividend released on October 1 and 2, 2007.
Frontline Ltd. is trading ex-dividend of an ordinary cash dividend of $1.50 per share and an extraordinary dividend of $1.75 per share, totaling $3.25 per share today October 10, 2007. The record date is October 12, 2007, and the dividend will be paid on or about October 24, 2007.
For further information about the company please visit our web-site: www.frontline.bm.
Oslo, October 10, 2007
Good Morning SL. Oh you have already a list of China stocks! Good. Have you any idea, which of them are already "real" profitable companies? I have seen many companies publishing good earnings already, but can't help my suspicious mind... are they real, and not one time figures. I see that one must do a lot of DD and look at the histories of the companies, if I want to find a longer time investment in these penny stocks. No doubt there are real pearls in there, but where..
GM Wildbill. Thanks for the list of Chinese companies. Do you have some criterias to choose the companies to your list (already profitable, low float, certain sectors??).
Fyi: Bgoody posted a list of Chinese companies too, where the tickers were given by sectors. You can find it in post #179653 (thanks bgoody, I printed it and can see the post number there).
Thanks Stock Lobster. I'd say limit the leverage (not for us but those 100:1, 1000:1 margins) and see what happens.
GM Stock Lobster. Thank you for the post "Testimony of Robert Kuttner Before the Committee on Financial Services". Excellent reading again. The parallels between 1929 and 2007 are troublesome alarming, if the "innovative finance markets" are no way tempered. If they cannot be controlled in any way, how come FED or Central Banks must time after time come to rescue, and "control" and correct if something goes wrong? The market need no supervision, the market regulate themselves. Who believes that any more?
Well, everybody knows that Central Banks had to come to rescue, even in U.K. No other solution. How long this kind of economy can go on if nothing is done? If the "innovative" financial industry is not cleaned up and properly cotrolled, the whole world will suffer from the constant uncertainty and endless scandals in the finance markets.
Mr. Kuttner does not see how the "innovative finance markets" actually strengthen the economy. Neither do I.
BTW, what is CFTC?
"Why not have tighter regulation both of derivatives that are publicly traded and those that are currently regulated -- rather weakly -- by the CFTC: more disclosure, limits on leverage and on positions. And why not make OTC and special purpose derivatives that are not ordinarily traded (and that are black holes in terms of asset valuation), also subject to the CFTC?"
Thanks,
Xanadu
Jepjepjep. I think people are beginning to find out how cheap geothermal/airthermal house heating/cooling can be. Solar panels on the roof to create electricity to drive the pumps, and you are totally independent from the grids (and their blackouts).
SDRLF.PK Good morning folks. Dividendfans, something to be expected from SDRLF too, I guess...
Published: 08:56 08.10.2007 GMT+2 /HUGIN /Source: Seadrill Limited /OSE: SDRL /ISIN: BMG7945E1057
SDRL - Sale of shares in Apexindo
Seadrill has sold its entire holdings of 835,000,000 shares, representing an ownership share of approximately 32 percent, in the Indonesian drilling company PT Apexindo Pratma Duta Tbk for 2400 Indonesian rupiah (IDR) per share, equal to a total net consideration of approximately US$220 million. As a result of this sale, Seadrill is expected to record a gain of approximately US$150 million in the fourth quarter 2007.
The investment in Apexindo was acquired at the time when Seadrill was seeking a strategic partner to build the infrastructure of the company. After the acquisition of Smedvig in the beginning of 2006, the investment in Apexindo became more of a financial investment.
Contact
Trond Brandsrud,
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19
GM "Staying Aware of Short Interest in the Market"
David Miller Oct 05, 2007 2:00 pm
"Hedge funds have been selling the bejeebers out of equities. You can see this directly in the short interest data released each month (which will go to twice a month shortly). Professors Zucchi and Succo consistently caution me short interest data are no longer of much interest as they are almost exclusively driven by hedging transactions. They make good points and while I don’t fully agree, their POV is worth keeping in mind when looking at the numbers below. The growth in short interest is striking."
http://www.minyanville.com/articles/Fed-FOMC-Genentech-Dendreon-Nasdaq-Short+Interest/index/a/14370
Europe is directing to buy natural gas from elsewhere than only from Russia. That's why they are building those LNG terminal harbors in France, in Belgium and in Italy. I think Canada will be a big supplier and LNG tanker traffic is predicted to add considerably. New LNG tankers have been ordered, but their building takes several years (they are complicated ships), and existing LNG tankers will be busy Cheniere (LNG $39.26) and Golar LNG (GLNG $25.08).
Stock Lobster. Are you still in Nova Scotia? FYI:
Is this near to you?
"Announced October 3, the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) approved, with stipulations, EnCana’s Deep Panuke offshore natural gas project."
http://www.rigzone.com/news/article.asp?a_id=51023
GM Stuffit, GM Stock Lobster. FYI: Here's a link presenting a list of all kinds of energytech stocks (some geothermal stocks too):
http://energytechstocks.com/index.htm
Yes, and note that the whole dividend from 2Q will be $1.50 + $1.75 = $3.25!
FYI. DockWise, the heavylift shipper, was listed today in Oslo bourse. Closing price was the same, to which FRO sold its shares (DOCK NOK 25.00/$4.60).
This is interesting sector in shipping/oil sector services. There are only ca 20 vessels (4 companies in the whole world) hauling the oil rigs (ca 600 offshore rigs) around the seas. Daily rates are $60.000 - $100.000 for the time being.
International investors: worth keeping an eye on this too IMO.
Tankerfans. Cashcow FRO pays extra dividend of $1.75 for Q2, so it will pay on October 24 the normal dividend $1.50 plus $1.75 = $3.25. Ex-dividend date October 10. Enjoy!
BUT warns the dividend for Q3 will be smaller than normally!
FRO sold its share in DockWise heavylift, but to WHOM is the question now (to SeaDrill??). We'll see.
With the rest of the money FRO will perhaps buy more tankers - they are cheap now.
Xanadu
Thanks for that advise. I'll check that too.
Now I can order a whole bunch of books from Amazon. We have here also quite good bookstores - much books in English, French and German languages, Finnish people read much - but must say books are so much cheaper via Amazon that I buy almost all from there.
Yes, we have here known long time what is happening in the whole maritime industry. All you need is to look at the import/export statistics :)
BTW Motley Fools are recommending "5 Dynamic Dividend Stocks", and one of them is Golar LNG (GLNG $39.17), yield 8.9%. There is much talk about shipping LNG (Liquid Natural Gas) around the world. I remember reading somewhere that USA is planning a LNG-terminal harbor on the east coast, somewhere near Boston. Have you heard about that plan?
The other Dynamic Dividends were CANROYS Canetic Resources Trust (CNE 15.2%)and Penn West Energy Trust (PWE 13.2%), Petro China (PTR 2.7%) and Santos (STOSY 2.7%)
Thanks, Stock Lobster. Now I have work to do :)
Thanks for the link! I want that book, and I would like to read more about the history of America. Do you have a book in mind? We have of course learned the key points of your history, but a more detailed description about how was United States built would be very interesting.
I have friends in USA, and they have given me beutiful picture books about "Grand Canyon" and "Beautiful Houses in America" etc.
Well, my fault lol. I have not asked them to bring me history books.
Huh? What ruinage at young age?? If you were, be happy! Not a bad result of that education.
"Success is not final, failure is not fatal: it is the courage to continue that counts."
Stock Lobster. Re that Gumshoe link. In his writing about the pump "The Biggest Solar Energy Project Ever" (= Cornell financed OEGY.OB, maker of solar tile roofs) he also mentions that thin film solar techniques are far more better solution than the solar panels. I have heard that argument elsewhere too.
Now what companies on your solar energy lists might be these thin film firms? Of course the technique in solar energy world developes rapidly, but the thin film (or even solar spray!) may be a good direction to follow.
Oh my..haven't been laughing that loud for weeks.. Thanks Stock Lobster.
Now that I climbed back on my chair, have you seen the British TV-series "Yes, Minister", describing the English governement and administration - well, describing the opinion of the serie's makers. It's brilliant. If you want a good laugh, find out it. It may be available on DVDs or videoband.
GM Max. Lollol. There's a myriad of clichés said to be said by Churchill, and he was quite an extraordinary character. But IMO a really great statesman and Prime Minister. I read his biography, very interesting. A true British nobleman, with excellent breeding and family background. A true gentleman in general - and a true jerk if needed (e.g. Adolf Hitler got to find out that side).
GM Stuffit. Here's some recent information (from Sept. 26) about CANROYs to you. Did you note that Primewest was bought by a state company of Abu Dhabi? This has been predicted after Canadian regiment changed the special treatment of energy trusts in October 2006.
Many are expecting that the Canadian governement will prohibit the sell. We'll see.
http://oneguysinvestments.com/2007/09/is-it-time-to-reconsider-canadian.html
"Frustrated or intrigued by email teasers from investment newsletters and advisers? We solve them and track their performance here ... so stick around, participate and subscribe (it's free)!"
http://www.stockgumshoe.com/2007/09/california-overnight-dividend.html
Anybody know this site? Maybe not so important for you fast traders, but the site gives some more information about the heavily touted newsletter stocks - both positive and negative. May give a hint which stock could have strength.
I don't subscribe to it - only bumped to it in some Google search.
Winston Churchill said to his opponent in a Parliament debate:
"When the facts change, I change my mind. What about you?"
Good thinking for all, but especially for the politicians.
Excellent news! You bet that you have REALLY a "thing or to" to share with other people. At last somebody is telling how it REALLY goes in penny stock market - and much of that truth goes for other stock market too. A very useful book for every trader/investor.
Can't just wait. Any idea when you get it out?
Tralalallaaaa! Yahooooo!
Stock Lobster. What booklet, may I ask? Are you writing the long needed, most wanted REAL guide for Pennyworld/Pinkyland traders?
I wish you were, and I know I am not the only one.
Xanadu
I think the cellphone boom was so strong in Asia because they did not have had computers as we had in western world. Cellphone became their everyman's computer.
Now I think the Asians have as much laptops too as we have.
As to the drunken driving here our police forces have been "very understanding" towards drunken driving because there has been by no forces to control it. The governement has not had enough money by now, because all taxpayers' money goes to education (its free from first grade to university), to medicare and social welfare. No money for police forces.
The situation is changing now. Our happy governors have noticed that law and order is indeed needed out there, and have begun add resources by and by. Maybe they noted that fines also bring them money. Yihaaaaa!
Well, they DON'T KNOW that price of bread is soaring. They never buy one. That's why they are so happy.
"Bread and enterteinment to the citizens". So they be happy and keep quiet.
Caesar (100 - 44 bChr) "Panem et circenses"
He was so right.
Nokia (NOK $ 37.05) may start to climb again. It has established its share in cellphone market quite well, rising steadily and 37% of the market now. Not in USA - yet - but it sells very, very good in Asia. Headquarters are still in Finland, and will stay as far as I know.
Nokia has become a steady, solid blue chip stock = boring? Such was it by no means, when all began, when the future of cellphones started to take shape. Nokia has made many Finnish people rich. Those were the days, when a stock split was a blessing for shareholders. If you bought 1000 shares in 1995, in 2000 you had 100.000. First split was 10:1, then 2:1, then 2:1 and then 4:1. And half a year after the split, the shareprice was again the same as before split. Those were the days.
Then followed the years of competition and uncertainty. The shareprice plummeted, as the investors were not sure, if Nokia can get through the quite heavy competition (Ericsson, Motorola, Qualcomm, Siemens, Philips, LG, Fujitsu, Samsung, BenQ etc, etc). Now it looks like it has been able to build such a selection of cellphones, which sells steadily and strong.
Nokia has been and still is very important to Finland. Although they have outsourced many sub-contractors to China and India, design and planning and even some manufacturing have stayed here.
Re: Barron's article. ANW $ 31.70 Aegean Marine certainly is an interesting shipping stock: bunkers always have work to do and get paid for. So are the other service vessels: tugs and barges and heavy lifts. I did some searching, but did not find any listed US service companies. There are several in Europe.
RLOG $ 5.50 Rand Logistic is a dry bulk transporter in Great Lakes. Shows signs of growing, maybe interesting to follow.
RAMS $9.17 Aries Maritime, a little container carrier (15 vessels), distributes quarterly dividend $ 0.25!!
CBAY. You are right, sorry I did not check it properly. I just remember people wondering the extraordinary volume. StockChart shows the volume climbed over 1 billion in Thursday, and Friday was also unusually heavy 859 million for it IF the O/S really is 41 million.
Oh yeah. Inscrutable are the ways in Pinkyland.
CBAY. How come they can have O/S 41 million or even A/S 2 billion, when it traded 2,5 billion on thursday? Sounds odd.
I agree. It has been a mistake to move any sector of manufacturing to the low cost countries. Some kind of common sense and protectionism should have been used. Globalization must not be the whole world (eh - what a bright idea, lol).
Here was the idea that Europe will sell services and know-how to China and India. Well, now they are already actually selling services and know-how to us, cheaper of course. What remains, except some luxury goods to sell them? How can we just buy, buy, buy from China and India all the goods we need and used to make ourselves, if they do not want to buy anything from us? All the other countries seem to have their own services - not much to sell there either.
The situation is not yet quite like this, but I see a clear scenario.