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Jeg køber en lille jolle, der kan hænge bagpå, Så kan jeg sejle med lidt kul.
Det ser ud ad helvede til igen.
Godt jeg har solgt alt på stop loss.
(hmm)
Jeg er ved at kigge på sejlbåd.
Jeg har ikke råd til aktier.
Good News For Dry Bulk Shipping
by: David White posted on: June 24, 2008 | about stocks: BHP / DRYS / EXM / NM / RIO / RTP / TBSI Font Size: PrintEmail Yesterday, Rio Tinto (RTP) announced that it signed a new iron ore supply deal for an 85% overall year over year price increase with Chinese Baosteel Group Corp. These prices will take effect retroactively to April 1, 2008. Companhia Vale do Rio Doce (RIO) had previously concluded its negotiations at a 71% premium to last year's prices. BHP is expected to quickly conclude negotiations at a comparable level to RTP.
This is all good news for dry bulk shipping. The spot prices for iron ore are more than double the agreed upon price. The Chinese steel producers had effectively stopped importing iron ore temporarily. They were using up their current stocks. I understand these were only enough to last another 2-3 weeks. This had led to a fall in dry bulk rates, since the Chinese were effectively not importing iron ore. With the settlement of this contract, the flow of iron ore to China will ramp up again quickly, even more so if BHP concludes its negotiations soon (as is expected). It means that there will be a lot more dry bulk shipping to China. It means that shippers such as DRYS, which contract mostly short term, will be much closer to 100% busy.
It means that there is considerable headroom for higher dry bulk rates than last year. Look for the dry bulk shippers to move up quickly on this news. Their ships will no longer be idled by this negotiations impass. Some of companies that should benefit are DryShips (DRYS), Excel Maritime (EXM), TBS International (TBSI), Navios Maritime (NM), Star Bulk Carriers (SBLK), etc. Companies such as Diana Shipping (DSX), which have longer term contracts, should benefit less.
Now if the markets start to recover too, dry bulk shipping will really take off. Many PE's are currently below 6. For example, NM's PE is currently 3.7. DRYS's PE is approximately 4.8. This is also good news for RTP and BHP Billiton (BHP). They should move up on this news.
Disclosure: none
David White
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Det lyder fantastisk, men tror du jeg kan shorte den med etrade?
Valuetraps er noget af det lækreste.
Jeg har kigget lidt men har ikke fundet den.
Meet Mr. Market: Jim Cramer
by: Todd Kenyon posted on: June 24, 2008 | about stocks: DIA / QQQQ / SPY Font Size: PrintEmail Yup, that mysterious stock market metaphor, Mr. Market, dreamed up by Ben Graham many many years ago is in fact a living, breathing (hyperventilating?) human being. This may come as a shock to other value junkies out there who know Mr. Market simply as the incarnation of the entire stock market's fear and greed. But I am here to tell you, Mr. Market lives. And he's been right here in front of us for years, in plain sight. Any guesses as to who he is?
Ben Graham, the father of value investing, wrote about Mr. Market more than 60 years ago in his seminal value investing tome "The Intelligent Investor" (Buffett's favorite investing book):
"Sometimes his idea of value appears plausible and justified by business developments and prospects as you know them. Often, on the other hand, Mr. Market lets his enthusiasm or his fears run away with him. and the value he proposes seems to you a little short of silly."
Many times Mr. Market has been described as manic depressive, or even schizophrenic. Have you figured out Mr. Market's identity yet?
Booyah! It's Jim Cramer of course! The walking, talking, screaming, ranting incarnation of fear and greed, high priest of the "Church of What's Working Now"!
The problem is, people listen to him. They watch him and follow his "investing" "advice" (both in quotes, each a euphemism) every day.
If we in fact agree that JC is actually Mr. M, perhaps his viewers should heed Buffet's advice:
"Once you think the market is telling you whether you're right or wrong, once you're looking to the market for guidance, you're in trouble"
Charles Ellis has this to say:
"If you can't control your emotions, being in the stock market is like walking into a heated area wearing a backpack full of explosives."
Nobody would accuse JC/Mr. M of controlling his emotions. One more from Ellis:
"If you go to the stock market because you want excitement, then sooner or later you will lose. Everyone who thinks the stock market is a game loses - everyone, to the last man, woman and child..."
JC/Mr. M is all about excitement! BUY BUY BUY! SELL SELL SELL! Unfortunately, no one, not even he, can predict short-term market moves with consistency. Don't believe me? Well check this out: he can't even predict his OWN short-term moves! The following video shows JC/Mr. M completely contradicting himself, flip-flopping 180 degrees, in one week's time:
Cramer Flip-Flop
The lessons are simple. Again, no one knows what the market will do in the short term. If someone does, they are not on TV telling you about it, they are sitting on an island somewhere counting their billions. I certainly have no idea - as a value investor I buy when things looks cheap, but I have no idea how long it will take for the value to be realized. I simply believe that it will, at some point, in a reasonable amount of time (i.e., it could take years).
Secondly, Cramer is not an investor and has no special knowledge of what the market will do. He is an entertainer, a speculator, a gambler, an emotional ball of contradictions, some would even say a snake-oil salesman. If you had listened to him on Friday the 13th, a week later he tells you to do the complete opposite, without even acknowledging his previous call. I sure hope that some of his viewers caught this and saw the light.
We are in a VERY tough market environment right now, with emotions running wild, and nothing but black (sticky?) clouds on the horizon. Many of the best value managers out there are getting their heads handed to them. Yet it is just these kinds of environments that produce ultimately rewarding investment results.
There are many many companies selling at 10 year (or longer) low valuations. The painful thing is that just when you think something can't get much cheaper, it does. Maybe a lot cheaper. For how long, no one knows. But if your time horizon is long (as it should be for any investor), and you hold quality companies at attractive valuations, you will ultimately benefit when the cycle turns. Stay the course, and don't pay attention to every tick or every headline. Remember that you own pieces of good companies that are diligently working to grow your shareholder value. Most of all, pay no heed to Mr. M's emotional rants, unless you plan on using them to your advantage.
Jorden rundt med Cassiopeia.
http://www.saxo.com/dk/item/jane-nielsen-jorden-rundt-med-cassiopeia-haeftet.aspx?subjectid=16087
Kender en af pigerne. Spørger om et par gode råd til hvad jeg skal købe. Det tager nok et par år at forberede.
"Jeg har solgt alt på stop loss".
Det her er min mening om markedet.
http://commanderfun.com/?p=33
Jeg gider snart ikke mere. Jeg er ved at kigge på både - sælger min lejlighed og tager navigationsbevis.
Så kan I måske støde ind i mig omkring Pietcain, Fuji o.l.
Jeg er nået ned til nogle kullag. Det er lidt farligt for der kommer store 5 kilos stykker kul op, der sprøjter mig i øjnene.
Jeg får dem analyseret senere i aften, det kan jo være det er oilsand for det kommer også spøjtende i store tykke fedtede klumper lige op i øjnene.
Jeg har nu hørt de kommer fisende helt nede fra 200 meters dybde, så jeg er nok ikke nået ned til dem endnu. De er ondskabsfulde sådan nogle oliesandsfedteklumper.
Uranium lags other commodities.
http://finance.yahoo.com/q?s=USU
Ser ud til at bunde ud.
Der kommer et par enkelte atomkraftvlærker online...men med kulpriserne så bliver der nok sat mere tryk på A-værkerne.
I don't know.
Boringen startede imorges.
Jeg er nået 3 centimeter ned og regner med yderligere 2-5 centimeter før jeg støder på olie.
Det bliver stort meget stort.
Ahead of the Bell: Motorola downgraded
Monday June 23, 7:57 am ET
Analyst cuts rating, price target on Motorola, says company losing North American market share
NEW YORK (AP) -- An analyst cut his rating and price target on Motorola Inc. Monday, saying the company continues to lose handset market share in North America, where nearly half of its unit sales originate.
Piper Jaffray analyst T. Michael Walkley downgraded Motorola to "Sell" from "Neutral" and cut his price target to $7 from $9.75. The new target implies he expects shares to slip 12 percent over Friday's $7.94 close.
While North American market share remains well above its global share, sales at four major wireless carriers on the continent are declining, he said.
Schaumburg, Ill.-based Motorola said in March that it plans to separate the handset business, which has been hurt by a two-year-long decline in cell phone sales, from its home and networks business. The company said in April that it expects second-quarter handset sales to be equal to, or slightly better than, its results from the first quarter.
Walkley lowered his 2008 handset forecast to 106 million from 116 million.
He warned that the macroeconomic problems facing North America appear to have had an effect on government budgets, which could hurt the company's enterprise mobility solutions business later this year.
So far this year, the stock has dipped 51 percent.
June 23, 2008
Coal, iron ore and steel in deficit in 2008 – Joy Global Inc
According to Joy Global Inc, demand for metallurgical coal, iron ore and steel are likely to be high in 2008 following low inventory levels with consuming industries.
Joy Global said that the demand and supply gap for coal could reach 60 to 100 million tones in 2008. Steel supply could be 20 to 30 million tonnes less than last year due to shortage of raw materials. The iron ore availability is also tight. Steel demand is rising by 5% to 6% annually on the back of 10% increase in Chinese demand.
It added that "The US has become the swing supplier to the international thermal and metallurgical coal markets and export demand and prices are redefining the domestic market. Due to the renewed strength of this market, the company's strongest growth in its second quarter original equipment orders was generated in North America for both surface and underground equipment."
Joy Global believes that commodity demand will continue to grow, led by the growth from the emerging markets in general, and from China and India in particular, as these countries continue to industrialize. Based on the status of existing expansion projects and industry projections, the company expects that the commodity markets will generally remain in supply deficit for the next 3 to 5 years or longer.
Behøver ikke købe flere cmos.
Credence and LTX Sign Merger Agreement
Sunday June 22, 10:00 pm ET
MILPITAS, CA and NORWOOD, MA--(MARKET WIRE)--Jun 22, 2008 -- Credence Systems Corporation (NasdaqGM:CMOS - News) and LTX Corporation (NasdaqGM:LTXX - News), both providers of automated test equipment (ATE) for the worldwide consumer semiconductor industry, today announced that they have entered into a definitive agreement to combine the two companies in a tax-free, all-stock merger of equals.
Under the terms of the agreement, Credence shareholders will receive shares of LTX common stock based on an exchange ratio that will be determined at the closing of the merger to cause Credence shareholders to own 50.02% of the outstanding shares of the combined company and LTX shareholders to own 49.98% of the outstanding shares of the combined company. If the exchange ratio was calculated based on shares outstanding as of June 20, 2008, each outstanding share of Credence common stock would be converted into approximately 0.6133 shares of LTX common stock in the transaction.
Credence and LTX believe the combined strengths of the two companies will create a leading provider of focused, cost-optimized solutions designed to enable customers to implement best-in-class test strategies to maximize their profitability. The new company will address the broad, divergent test requirements of the wireless, computing, automotive and entertainment market segments. It will offer a complementary portfolio of technologies, the largest installed base in the Asia-Pacific region, and a global network of strategically deployed applications and support resources.
Under the terms of the agreement, Lavi Lev, President and CEO of Credence, will become Executive Chairman of the combined company for a transitional period following the merger. David Tacelli, CEO and President of LTX, will become CEO and President; and Mark Gallenberger, CFO and Vice President of LTX, will become CFO. Casey Eichler, Senior Vice President and CFO of Credence, has agreed to remain with the combined company through a transition period. The board of directors of the combined company will include five directors designated by LTX (including Tacelli), and four directors designated by Credence (including Lev).
"I am very excited about joining forces with LTX. This merger, from a technical and business point of view, represents the logical next step for both companies' long-term growth," said Lavi Lev, President and CEO of Credence. "We believe the combined strength of our technical expertise in RF, digital, mixed-signal and analog, coupled with a complementary product portfolio, will benefit our customers as they test and deploy high volume, highly integrated devices into their respective market segments. From a business perspective, the merger broadens our customer base and provides a strong opportunity for growth."
"The technical and business challenges faced by our customers continue to intensify as time to market shrinks and margins are pressured by demands for new features at lower prices," noted David Tacelli, chief executive officer and president of LTX. "Now more than ever, it is vital we deliver cost optimized test solutions focused on our customers' specific technologies, product mix and device volume levels. We believe the timely merger of Credence and LTX enables us to build a test company with the financial strength, growth opportunities, critical mass, and operational efficiency to lead the industry as it faces these challenges."
"We expect the combination to drive efficiencies associated with operating a larger business, and we anticipate annual cost savings of approximately $25 million at the end of the integration period," noted Mark Gallenberger, CFO and Vice President of LTX. "The transaction is expected to be accretive on a non-GAAP basis, excluding restructuring charges, within 12 months of combined operations and realization of the cost savings."
The merger is subject to approval by both companies' stockholders, as well as the satisfaction of customary closing conditions and regulatory approvals. The boards of directors of both companies have unanimously approved the agreement and recommend their stockholders vote in favor of it. Pending regulatory approval, the companies expect the transaction to be completed by the end of September 2008.
Credence's financial advisor on the transaction is Lehman Brothers Inc., Morrison & Foerster LLP is acting as Credence's legal counsel, and Corp-Growth provided M&A advice to Credence. LTX's financial advisor on the transaction is J.P. Morgan Securities Inc., and WilmerHale is acting as LTX's legal counsel.
CONFERENCE CALL AND WEBCAST INFORMATION
The management teams of Credence and LTX will be holding a conference call and simultaneous webcast to discuss the transaction on Monday, June 23, 2008 at 8:30 a.m. EDT/5:30 a.m. PDT. To access the conference call, dial toll-free 866.202.0886, or 617.213.8841 internationally, and enter passcode 50679635. To access the webcast, visit the Investors section of LTX's website at www.ltx.com or the Investor Relations section of Credence's website at www.credence.com. A replay of the conference call is expected to be available within 24 hours of the call through July 23, 2008. To access the replay, dial toll free 888.286.8010, or 617.801.6888 internationally, and use passcode 77876392.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
LTX plans to file with the SEC a Registration Statement on Form S-4 in connection with the transaction and LTX and Credence plan to file with the SEC and mail to their respective stockholders a Joint Proxy Statement/Prospectus in connection with the transaction. The Registration Statement and the Joint Proxy Statement/Prospectus will contain important information about LTX, Credence, the transaction and related matters. Investors and security holders are urged to read the Registration Statement and the Joint Proxy Statement/Prospectus carefully when they are available.
Investors and security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus and other documents filed with the SEC by LTX and Credence through the website maintained by the SEC at www.sec.gov.
In addition, investors and security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus when they are available from LTX by contacting Mark Gallenberger at mark_gallenberger@ltx.com, or 781-467-5417 or from Credence by contacting Brenda Ropoulos at brenda_ropoulos@credence.com, or 408-635-4309.
LTX and Credence, and their respective directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect of the transactions contemplated by the merger agreement. Information regarding LTX's directors and executive officers is contained in LTX's Annual Report on Form 10-K for the fiscal year ended July 31, 2007 and its proxy statement dated November 6, 2007, which are filed with the SEC. As of June 16, 2008, LTX's directors and executive officers beneficially owned approximately 4,201,725 shares, or 6.7%, of LTX's common stock. Information regarding Credence's directors and executive officers is contained in Credence's Annual Report on Form 10-K for the fiscal year ended November 3, 2007, its proxy statement dated March 7, 2008, its Current Reports on Form 8-K filed on April 18, 2008, May 1, 2008, June 10, 2008, and June 17, 2008, and its Form 4 filed on April 29, 2008, which are filed with the SEC. As of June 16, 2008, Credence's directors and executive officers beneficially owned approximately 1,348,090 shares, or 1.3%, of Credence's common stock. In connection with the transaction, Mr. Tacelli has agreed that the transaction will not constitute a change of control for purposes of his Change-of-Control Employment Agreement dated March 2, 1998 and Mr. Gallenberger has agreed that the transaction will not constitute a change of control for purposes of his Change-of-Control Employment Agreement dated October 2, 2000. In connection with the transaction, each of Mr. Lev and Mr. Eichler has entered into a Transition Services Agreement with Credence pursuant to which they have agreed to accept new positions with Credence, and perform certain transition services for Credence, for a period of six months following the closing of the transaction in exchange for certain salary, bonus, acceleration of equity-based awards and other compensation. A more complete description will be available in the Registration Statement and the Joint Proxy Statement/Prospectus.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this press release regarding the proposed transaction between LTX and Credence, including the terms of the agreement and the tax-free, all-stock nature of the transaction, the belief that the combined strengths of the two companies will create a leading provider of focused, cost-optimized solutions designed to enable customers to implement best-in-class test strategies to maximize their profitability, the new company's ability to address broad market segments, the increased presence in the Asia-Pacific region, the establishment of a global network of applications and resources, the continuation of current employees and directors with the new company, the belief that the combined strengths of the companies' expertise and product portfolio will benefit customers, the creation of a test company with the financial strength, growth opportunities, critical mass, and operational efficiency to lead the industry, the expectation that the combination will drive efficiencies associated with operating a larger business, and the anticipation of saving approximately $25 million at the end of the integration period, the expectation that the merger will be accretive within 12 months, the expected timetable for completing the transaction and any other statements about LTX or Credence managements' future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing "believes," "anticipates," "plans," "expects," "may," "will," "would," "intends," "estimates" and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the ability to consummate the transaction, the ability to successfully integrate LTX's and Credence's operations and employees; the ability to realize anticipated synergies and cost savings; the risk of fluctuations in sales and operating results; risks related to the timely development of new products, options and software applications and the other factors described in LTX's Annual Report on Form 10-K for the fiscal year ended July 31, 2007 and Credence's Annual Report on Form 10-K for the fiscal year ended November 3, 2007 and their most recent Quarterly Reports on Form 10-Q each filed with the SEC. LTX and Credence disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this press release.
ABOUT CREDENCE
Credence Systems Corporation (NasdaqGM:CMOS - News) is a global provider of automated test equipment (ATE) to the high growth, consumer semiconductor industry. Credence is committed to deliver the highest standards of value -- an optimal combination of technology, turn-around time, reliability, ease of use, service and support -- to every customer, which enables important cost and performance advantages for integrated device manufacturers (IDMs), wafer foundries, outsource assembly and test (OSAT) suppliers and fabless chip companies worldwide. An ISO 9001-certified company with a presence in 20 countries, Credence is headquartered in Milpitas, California. More information is available at www.credence.com.
ABOUT LTX
LTX Corporation (NasdaqGM:LTXX - News) is a leading supplier of test solutions for the global semiconductor industry. LTX's X-Series, the industry's most comprehensive family of production-proven, compatible test systems, delivers a scalable solution that provides the right test performance and the right cost of test. Combined with LTX's industry-leading applications engineering and customer service teams, the X-Series enables companies to accelerate their time to market, optimize test economics and stay ahead of the technology curve. Additional information can be found at www.ltx.com.
Credence is a registered trademark, and Credence Systems is a trademark, of Credence Systems Corporation. LTX is a registered trademark of LTX Corporation.
All other trademarks are the property of their respective owners.
Hov ---olien forholdsvis højere end gasprisen.
DONG?
Det duer ikke. Problemet flyttes bare og gasprisen stiger også.
Man har længe overvejet det på skibe, men de gør heller ikke noget ved det. Det er over tid ikke nogen god forretning, kun når olieprisen er forholdsvis højerer end olien, så kommer det her jævnligt frem.
-og så vender bøtten den anden vej.
Der kører tusindvis af biler på gas i japan og korea.
De påstår det sviner mindre, men det passer ikke. En god dieselvogn idag sviner mindre. Der er en del uforbrændt fra gasmotorer.
Et produkt, der aldrig når på markedet kan man da ikke værdisætte.
GM and Ford: Still Easy Shorts
by: Andy Cole posted on: June 22, 2008 | about stocks: F / GM Font Size: PrintEmail On April 9th, I published an article concerning the inevitable downside that was to be found in US auto stocks, more specifically Ford (F) and GM (GM) (Why Auto Stocks Are an Easy Short). This article drew a fair amount of criticism, with comments ranging from my “high school writing” to my “novice investment style.” However, the fact of the matter is that the tape doesn’t lie, as both Ford and GM are trading at -15% and -33% respectively than they were just two months ago. Now, I’m sorry, but that’s what I like to call a quality short play.
So what can we expect from Ford and GM in the next few months? Well, expect more of the same. Nothing has changed at Ford and GM over the past couple of months, except for the slight possibility that the management at these companies may FINALLY be realizing that SUVs and trucks are going to be a fairly poor gamelan for the foreseeable future. Oil is only going to get more expensive and anyone who actually believes that oil will retreat back to the levels of six months ago is not only unrealistic, but just plain ridiculous. It’s not rocket science, just simple economics: the BRIC countries are developing exponentially, causing the demand of oil to outstrip supply and right now, it’s a losing battle.
In auto sales numbers released for the month of May, GM’s U.S. sales fell 28 percent in May compared with a year earlier, while Ford's sales fell 16 percent. GM's truck and SUV sales fell 37 percent and Ford’s pickup and SUV sales dropped 26 percent. Toyota (TM) sales for the month of May slipped only 4 percent.
And just Friday, Ford delayed the launch of the new F-150 as well lowering its forecast for industry wide U.S. auto sales this year to 14.7 million to 15.2 million vehicles, including medium and heavy-duty trucks. This is the second time this year Ford has cut its US sales forecasts. No surprise there. Ford also mentioned that it would be difficult to avoid a loss in 2009.
I would usually do a technical analysis on these stock charts, but honestly, the charts look so terrible that I won’t even bother. To anyone that is long any of the US auto companies, all I have to say is good luck.
Aluminum Heads for Biggest Weekly Gain in Two Years on Costs
By Glenys Sim
June 20 (Bloomberg) -- Aluminum headed for the biggest weekly gain in more than two years on concern that an increase in power prices in China, the world's largest producer of the metal, will boost production costs and elevate prices.
Aluminum Corp. of China Ltd., the nation's largest producer of the metal, said today that production costs would be raised by between 200 yuan and 300 yuan ($43) for each metric ton of the metal. Power accounts for between 30 percent and 40 percent of operating costs for aluminum smelters.
``When they can't absorb the higher costs anymore, it will be passed on to consumers, otherwise they may cut production, both of which are helping to keep aluminum prices supported,'' Yang Zhenqiang, chief analyst at China International Futures (Tianjin) Co., said.
Aluminum for delivery in three months on the London Metal Exchange rose for the fourth day this week, gaining 2.2 percent to $3,141 a metric ton at 4:07 p.m. Singapore time, marking a 6.7 percent rise from last week, the biggest weekly gain since June 30, 2006.
September-delivery aluminum on the Shanghai Futures Exchange added as much as 1.2 percent to 19,350 yuan a ton, and closed at 19,345 yuan.
China will boost electricity prices by an average 4.7 percent on July 1 to rein in energy consumption and slow growth, the government said yesterday. China also plans to limit the price of coal burned in power stations until the end of this year.
Substitution Effect
Aluminum prices also gained on speculation that the high price of copper is spurring demand for cheaper substitutes. Codelco, the world's biggest copper producer by output last year, said sales of aluminum used for wiring and plastic for pipes have gained following copper's rise to a record this year.
``There has definitely been substitution going on,'' Yang said. ``However aluminum prices haven't been able to rally strongly because stockpiles are simply too high.''
Stockpiles of aluminum in London Metal Exchange warehouses stood at 1,078,325 tons yesterday, the most since June 2004. Aluminum inventories in Shanghai were at 179,886 tons this week, eight times the year-ago level.
Use of copper substitutes grew to 530,000 tons last year from 471,000 tons in 2006, the Santiago-based company said on its Web site yesterday, citing a study by the International Copper Association.
Among other LME-traded metals, copper rose 0.6 percent to $8,380 a ton, zinc gained 1 percent to $1,953, lead gained 2.4 percent to $1,855, nickel added 2 percent to $22,650, and tin advanced 1.3 percent to $22,700 at 4 p.m. in Singapore.
To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.net
Crude poised to break out.
150-160.
Og så?
Aluminium kaldes det "grønne" metal
Vidste du at 8 % af jordskorpen består af aluminium i form af forskellige mineraler. Så aluminium er et af de få metaller, hvor forekomsten af råstoffer bogstaveligt talt er ubegrænset.
Aluminiums egenskaber som materiale bidrager til en lav miljøbelastning både i produktion og hos slutforbrugeren.
Aluminium kan genbruges til det samme formål igen og igen. I modsætning til mange andre materialer mister aluminium ikke sine unikke egenskaber, og omsmeltning kræver kun 5% af det oprindelige energiforbrug.
Ekstruderingsteknikken har kun få begrænsninger, da man kan indbygge en lang række funktioner i profilet, for at gøre det lettere at bearbejde og enklere at montere. For at spare metal kan man placere mest materiale, der hvor der er størst behov for det og dermed reducere konstruktionens samlede vægt. Aluminium er et meget let metal med en massefylde på kun 2,7 kg/dm3, hvilket svarer til en tredjedel af massefylden for stål. Alligevel kan aluminium opnå en høj styrke ved at legere den rene aluminium med andre metaller.
Aluminium er det ideelle materiale til genbrug med meget store energimæssige fordele, da energien ved genanvendelse kun udgør 5% af den energi, der bruges ved fremstilling af ren aluminium. Ved omsmeltningsprocessen går der kun nogle få procentdele tabt, som oxideres til aluminiumoxid. En bedre og mere effektiv indsamling, demontering og sortering af udtjente produkter medfører, at aluminium i større udstrækning genanvendes. Aluminium kan genanvendes til samme formål, til forskel fra andre materialer forandres aluminiums karakteristiske egenskaber ikke.
Det vigtigste råmateriale, der skal bruges til fremstilling af aluminium, er lerarten bauxit, og fortsætter man brydningen af bauxit i uændret takt, rækker bauxitforekomsterne til 200 - 400 års produktion. Heri er ikke medregnet genbrug af aluminium, som hele tiden bliver mere udviklet og systematiseret til fordel for vores miljø.
Bauxit som dannes når visse aluminiumholdige bjergarter nedbrydes, består først og fremmest af oxider af aluminium, jern silicium. Fremstillingen af aluminiumoxid ud fra bauxit finder ofte sted i nærheden af bauxitbrud. Primæraluminium fremstilles ved smelteelektrolyse af aluminiumoxid, i særdeleshed i lande med adgang til store mængder elektricitet. For at fremstille 1 kg ren aluminium skal der anvendes ca. 2 kg aluminiumoxid, som igen kræver ca. 4 kg bauxit.
Aluminiums kemiske egenskaber indebærer, at der kræves en relativ stor mængde energi i form af elektrisk strøm for at kunne reducere oxiden til primæraluminium.
Bauxit, som er den malm, der bruges, blev først udvundet i Frankrig og er siden da fundet mange steder i hele verden. I dag foregår hoveddelen af bauxitudvindingen i Vestindien, Australien og Afrika.
Aluminium anvendes i dag med stor succes hvor der er store krav til holdbarhed, vægtreduktion, og mindre energiforbrug. Af eksempler kan nævnes bilkarosseri, dele til biler, bådmaster, broer, skibe, og utallige andre konstruktioner. Aluminium er ekstremt holdbart i neutrale og let sure miljøer. Derfor er materialet fortrinligt i saltvand.
Viden om aluminium.
Et grundstof - kemisk betegnelse Al, smeltepunkt er 659°C, kogepunkt er 2270°C. Det er et sølvhvidt letmetal med en vægtfylde på 2,7.Aluminium er det almindeligste metal på Jorden og udgør 7 % af jordskorpen, men forekommer i naturen kun i forbindelser, f.eks. i ler, gnejs, granit, porfyr, feldspat, basalt, glimmer og i mange ædelstene, f.eks. smaragd, rubin og safir.
Aluminium hører til de uædle metaller. Man skulle derfor tro, at det hurtigt ville blive nedbrudt af vind og vejr, men tværtimod har det en god holdbarhed.
Det skyldes, at der på aluminiums overfladen dannes et ganske tyndtgennemsigtigt lag (ca. 0,01 my) af aluminiumoxid (AL2O3), som forhindrer f.eks. vand i at komme direkte i berøring med aluminiumoverfladen. Hvis hinden bliver skrabet væk, dannes der øjeblikkelig en ny hinde. Aluminium er let at deformere og meget blødt. Jo renere det er, desto blødere er det. Ved kolddeformation bliver det mere hårdt og stift. Aluminium vil i atmosfæren langsomt blive mere mat og grå, for til sidst at holde en matgrå farve. Ved overfladebehandling (eloxering) af aluminium gøres beskyttelseshinden tykkere, og får derved en større modstand mod korrosion og slitage. Aluminium er let at arbejde med. Det er meget formbart og let at skære og bukke. Endvidere er aluminium meget let i forhold til andre materialer. For at opnå endnu bedre styrke, hårdhed og brugsegenskaber er der udviklet en lang række aluminiumlegeringer. Eksempelvis kan nævnes, at ca. 75 % af verdens forbrug af aluminiumsprofiler produceres i legeringer med magnesium (Mg), silicium (Si) og jern (Fe) som hovedbestanddele.
Aluminium kan tilbyde styrkerne fra stål, men kun til ca.1/3 af vægten.
Anvendelse: køkkentøj, beslag, indfatninger, fly, køretøjer, skibe, indpakning som folie, el-ledninger og i stigende grad til lette bygningskonstruktioner, inddækninger samt tag og facadebeklædning. Af andre ting kan nævnes: fly, motorer, både og tog, kan bruges som indpakning (recycle). Aluminium kan overføre varme og elektricitet, hvorfor det også bruges til el-ledninger. Hvis man benytter gryder og pander af aluminium kan du nøjes med det kvarte energiforbrug af hvad man bruger til almindeligt stainless steel eller jern gryder.
Forskellen mellem Stål og Aluminium
Fysiske egenskaber
Det aluminium, der kommer på markedet i dag, findes sjældent rent, da dette er relativt blødt. Det tillegeres derimod oftest med andre materialer så som kobber, mangan, silicium, magnesium og zink for derigennem at forbedre de mekaniske egenskaber.
Det der gør aluminium til et spændende materiale er bl.a. dets lave vægt. Vægtfylden for rent aluminium er 2,7g/cm3, hvilket er rund regnet en tredjedel af ståls vægtfylde, som er på 7,87g/cm3 . Dette er en af grundene til at fly- og transportindustrien benytter dette materiale i stort omfang, da det medfører lavere vægt af fly og køretøjer, hvilket i sidste ende medfører lavere brændstofforbrug og dermed økonomiske fordele.
En anden vigtig egenskab ved aluminium er dets gode ledningsevne både inden for varme og inden for elektricitet. Aluminiums termiske ledningsevne er 220W/mC. Sammenlignet med stål er dette ca. fire gange større. Derfor ses aluminium ofte benyttet som køleribber i mange produkter. Ud over det benyttes aluminium fordelagtigt til fx luftledninger, da den elektriske ledningsevne sammenholdt med aluminiums vægtfylde giver et bedre resultat end ved brug af andre materialer.
Stål er magnetisk, mens aluminium er umagnetisk. Derfor er det med fordel, at aluminium benyttes til at skærme magnetiske felter.
Aluminiums smeltepunkt ligger på 659 C, hvilket ca. svarer til halvdelen af ståls. Dette giver store fordele ved eksempelvis støbning og ekstrudering af materialet.
Aluminiums forskellige legeringer har trækstyrker på mellem 70 og 700 MPa, hvilket betyder at højstyrkelegeringerne kan opnå trækstyrker på højde med konstruktionsståls. Derfor er aluminium et attraktivt materiale, når vægtfylden indgår i overvejelserne omkring valg af materiale
Aluminiums elasticitetsmodul ligger på omkring 70 MPa afhængig af legeringen, og betyder at aluminium er ca. tre gange mere elastisk/mindre stift end stål.
Ved aftagende temperaturer stiger aluminiums trækstyrke, mens flydespændingen forbliver uændret. Derudover bliver aluminium ikke sprødt som visse stållegeringer ved lave temperaturer. Ved forhøjede temperaturer mindskes trækstyrken, flydespændingen og elasticitetsmodulet, mens brudforlængelsen oftest stiger. Ved ren aluminium halveres trækstyrken eksempelvis ved en temperaturstigning fra 20°C til 200°C.
Aluminiums pris ligger på omkring 38 Dkk/kg. Til sammenligning koster almindeligt stål 15 Dkk/kg, rustfrit stål mellem 70 og 90 Dkk/kg.
Aluminium kan med stor fordel genanvendes. Den brugte aluminium kan omsmeltes, hvilket kun kræver 5% af den energi, der benyttes til at fremstille primæraluminium.
Holdbarheden vil altid være afhængig af hvilket miljø metallerne er anbragt i.
Legeringer.
Det er ofte legeringer af 6000-serien der anvendes. 5000-serien er ligeså korrosionsbestandigt som 6000-serien (og nogle gange bedre), men 6000-seriens legeringer er bedre ekstruderbare.
Korrosionsbeskyttelse.
Aluminium er naturligt korrosionsbeskyttet, idet der altid dannes et lag af aluminiumoxid på dets overflade. Aluminium er korrosionsbeskyttet i pH-området ca. 5 - 8. Det naturligt dannede lag er dog ofte for tynd til at give tilstrækkelig beskyttelse, derfor anodiseres aluminium ofte. Ved anodiseringsprocessen dannes der et beskyttende overfladelag på mellem 10 og 40 u afhængig af procesbetingelserne. I anodiseringslaget kan der tilføjes farvestoffer og andre komponenter, idet overfladelaget inden sealing er poreåben, ligesom anodiseringsprocessen efterfulgt af en flour-holdig plast kan foretages til ekstreme miljøer. Aluminiumskonstruktioner kan ligeledes males, men før malingspåføring vil de oftest være chromaterede for bedre vedhæftning og korrosionsbeskyttelse.
Der kan males med næsten alle typer maling, men epoxymalinger er de mest anvendte til korrosionsbelastede miljøer.
Bauxit og alumina er det ikke noget med aluminium.
Det er da så vidt jeg husker råstofferne man bruger til at fremstille aluminium. Det er nok ikke noget, der transporteret som iron ore, så det handles ikke på samme måde.
Bauxit og alumina indenholder aluminiums oxid...altså meget andet end aluminium (Al+O). Det er dumt at transportere oxygen i skibe.
Titanium...kigger
http://www.basemetals.com/
Træerne vokser ind i himmelen og olien stiger til 500 dollars inden 1 januar 2009.
http://futuresource.quote.com/charts/charts.jsp?s=CL%20Q8&o=&a=W&z=610x300&d=medium&b=bar&st=
http://www.seambiotic.com/
http://www.inventurechem.com/
Hmm..tror ikke nogen af dem er børsnoteret. Synes det virker spændende.
Jeg er da også ved at miste tålmodigheden, men holder stort set alt det jeg har købt...men da markedet svinger op og ned uden egentlig retning, så er jeg begyndt at trade pops and drops i nogle af dem jeg følger mest.
Kan ikke finde nogle fornuftige guldaktier.
Bulkaktierne synes jeg ser fine ud - specielt til tradingformål, men deres P/E er så vanvittigt lave og fragtraterne synes jeg holder niveauet og det skulle ikke undre mig om de stiger igen.
Triplede navios i 9.6.
Det er rene sinuskurver, men store amplityder og høje frekvenser.
Markedet aner simpelthen ikke hvilket ben det skal stå på.
Coalition of Visionary Airlines and Leading Fuel Technology Innovator Join World's First Global Algae Trade Association to Advocate for Further Development as Sustainable Fuel Source
Thursday June 19, 9:00 am ET
http://biz.yahoo.com/bw/080619/20080619005335.html?.v=1
SEATTLE--(BUSINESS WIRE)--Leading global air carriers Air New Zealand, Continental, Virgin Atlantic Airways, and biofuel technology developer UOP LLC, a Honeywell company, today announced they will be the first wave of aviation-related members to join the newly formed Algal Biomass Organization (ABO). Together with Boeing (NYSE:BA - News), which co-chairs the ABO, the airlines are advocating for the identification and acceleration of new generations of fuel sources for the industry that have lower life cycle carbon emissions; in this case sustainable algae-based biofuels.
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“There is significant interest across multiple sectors in the potential of algae as an energy source and nowhere is that more evident than in aviation,” said Billy Glover, ABO co-chair and managing director of Environmental Strategy for Boeing Commercial Airplanes. “Air transportation is a vital contributor to global economic prosperity, but is being threatened by record rises in fuel costs. Together we recognize that algae have the potential to help offset those fuel costs, while also contributing to improved environmental performance for the aviation industry.”
Boeing and leading airlines are stepping forward to help commercialize sustainable, next-generation biofuels for use in commercial jetliners, with algae being one of the plant-based fuel sources being explored. Air New Zealand, Continental, Virgin Atlantic, Honeywell’s UOP, and Boeing will work together through the ABO to generate more sustainable fuel options by pushing for long-term innovation and investment in algae as an energy form.
Air New Zealand Deputy Chief Executive Norm Thompson says the Algal Biomass Organization will play a pivotal role in the development of more sustainable fuels for aviation. “No one airline, research organization or scientific group holds the key to making air travel more environmentally sustainable. It must be a collective effort across research organizations, aircraft and engine manufacturers, fuel companies, refiners and airlines. Therefore, we are naturally delighted to be at the forefront of this latest effort to take aviation into a greener future,” says Mr. Thompson.
“Algae really could be a solution to help airlines produce lower carbon emissions. Crucially, it is a source of fuel which doesn’t lead to deforestation or the taking away of land or water from the cultivation of essential food crops,” said Virgin Atlantic President Sir Richard Branson. “Virgin Atlantic is delighted to be supporting the work of the Algal Biomass Organization in building knowledge of this innovative new technology, and accelerating the commercialization of algae to help produce a more sustainable aviation industry.”
“The use of algae and other second-generation feedstocks is absolutely necessary to achieve long-term, sustainable biofuels,” said Jennifer Holmgren, director of UOP Renewable Energy and Chemicals. “The efforts of companies like Boeing, Air New Zealand, Continental and Virgin Atlantic Airways will help to bring the focus and effort that is needed to ultimately make these resources a commercial reality.”
With a portfolio approach to sustainable biofuels likely necessary, multiple biomass sources including algae, jatropha, halophytes and others are being evaluated against stringent sustainability criteria including non-competition with food, fresh water or land-use resources. The group’s involvement in the ABO highlights the aviation industry’s move toward identification, development and certification of advanced-generation fuel sources. Working with refining segment leaders like UOP will help ensure that advanced-generation biofuels can be produced in the most sustainable and energy-efficient manner possible.
To effectively address a high volume of claims being made regarding algae and its potential, 400 leading global algae experts established the Algal Biomass Organization to advocate for viable algae markets and technologies. Unlike other second-generation biofuel options, algae will require technological breakthroughs to become viable and the ABO will provide a single, collective voice regarding ongoing efforts.
Algae have shown significant potential to address some of the world’s most pressing issues, such as climate and pollution concerns including carbon emission reductions, alternative fuel sources and global economic development. As one of the fastest-growing and most productive plants in the world, the unique characteristics of algae enable them to be developed for a number of uses:
Renewable Fuels: Algae are an ideal low-cost, renewable and environmentally progressive raw material that can be converted into biofuels. They can grow rapidly (doubling in biomass in as little as a few hours), require limited nutrients, and can annually deliver up to 2,000-5,000 gallons of fuel per acre of non-arable land.
Environment: Algae do not require fresh water to thrive and so they will not compete for limited supplies of fresh water. In addition, they can also be used to clean wastewater and to recycle greenhouse gases such as CO2, NOx and SOx. As the algae grow, they can be harvested and converted to next-generation biofuels.
Economic Development: As developing nations continue to look for ways to spur economic development, algae-based industries can be a central part of an overall strategy. Many developing nations currently import nearly 100 percent of their fuel. An algae-based energy strategy provides a way to either reduce oil import costs, create fuel/feedstock export revenue, or both without competing with food crops.
About the ABO
The Algal Biomass Organization (ABO) is a non-profit organization whose mission is to promote and advocate for the development of commercially viable transportation and power-generation fuels as well as other non-energy applications for algae biomass. Its membership is comprised of people, companies and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits and members and their affiliations, is available at www.algalbiomass.org. Member organizations will gather for the 2nd Annual Algae Biomass Summit in Seattle in October.
Eagle, Navios, China Cosco: Welcome to the Bulk Shipping Boom
by: J. Amberger posted on: June 12, 2008 | about stocks: CICOF.PK / EGLE / NM Font Size: PrintEmail Eagle Bulk Shipping Inc. (EGLE) closed at $29.40, after a fall of almost -10% on Tuesday. On what news exactly? I can’t seem to find anything real. In fact, based on Tuesday’s trade data, both imports and exports to the United States are at record highs. Which means shipping.
Also on Tuesday, Navios Maritime Holdings Inc. (NM) dropped 5%. Our March 8 Hot Stock of the Week, dry goods shipper China Cosco Holdings (CICOF.PK), is also still trading in our buying range at $2.80. All these companies are not just profitable… expanding… and fully equipped to turn global commerce into their own personal goldmines. Madness, if you ask me…
Now, in the case of EGLE, a cursory review of news brought up the following:
Analyst Urs Dur of Lazard Capital reiterates a “buy” rating on Eagle, raising his target price from $40 to $41.
Jefferies raised their EGLE target to $43 after the acquisition of two Supramax dry bulk vessels.
Rise in the demand for the fleet is expected to exceed supply in the next 12 months, according to Lazard Capital. The EPS estimates for 2008 and 2009 have been raised from $1.96 to $2.12 and from $2.61 to $3.11, respectively.
Income from vessel operations of $16.9 million or $0.36 per share, up 44% from $11.7 million or $0.31 per share in the first quarter of 2007.
Net Income of $14.3 million or $0.31 per share (based on a weighted average of 46,925,494 diluted shares outstanding for the quarter), up 69% from net income of $8.5 million or $0.23 per share (based on a weighted average of 37,480,914 diluted shares outstanding for the quarter) in the first quarter of 2007.
Gross time charter revenue increased by $9.1 million, or 31%, to $38.6 million for the first quarter of 2008, from $29.5 million for the first quarter of 2007. Net time charter revenue increased by $9.8 million, or 36%, to $36.7 million for the first quarter of 2008, from $26.9 million for the first quarter of 2007
Based on the first quarter results, EGLE declared a cash dividend of $0.50 per share payable on or about May 23, 2008, to shareholders of record as of May 20, 2008.
And yet, the stock has retraced 18.9% from its recent high of $36.24 on May 19, 2008.
These stocks look like perfect turnaround picks to me:
Buy EGLE below $30
Buy CICOF at or below $2.80.
Med nuværende inflation, så skal guldet nok i 5000 dollars.
Kigger senere.
Kan I forklare mig - hvordan han får luft og ilt til hjernen...
Vent til efter aben.
http://www.bestmarketinvest.com/
Så må I hygge. Har lige købt lidt drys..igen.
Drys mig her og drys mig der.
Jeg er et drys.
Det er for kedeligt idag, og valget stod imellem bare damer på hoooters og så level 2 kurser på etrade.
Hvis der er nogen der er dumme, så er det de her.
Den livsstil vi fører er ikke bæredygtig.
http://www.marketwatch.com/news/story/ford-delays-f-150-launch-consumers/story.aspx?guid=%7BFC8116B1%2D5181%2D4E4A%2D8F4B%2D2E48230C9329%7D&siteid=yhoof
Hvis du så også bare havde sagt man skulle holde sig fra canadiske oliedrillere.
Jeg har i det store og hele nogenlunde et 0 i de finansaktier(etrade +1 lille post i en anden) jeg har og etrade skal såmænd nok komme.
De canadiske drillere....æææææ...det ligner nok de japanske maskinaktier.
Røv og nøgler og 5 division ud af 4.
Pippen kan roligt sove meget meget længe idag.
Så hæver de estimaterne idag igen, nu til 0,16.
Ikke specielt godt egentligt, men de har jo bevidst de kan overleve nedture før, så hvorfor skulle de ikke gøre det igen.
http://finance.yahoo.com/q/ae?s=ETFC
Bare den steg, så kan de for min skyld nedjusterer de estimater.
Zailor, her er plads til Rulatoren
http://finance.yahoo.com/focus-retirement/article/105279/6-Real-Estate-Bargains?mod=retirement-lifestyle
Han er mærkelig.
Jeg er ved at bygge en borerig ude i baghaven. Regner med at søsætte den i næste uge og få produktionene op og køre i løbet af de næste 7 dage. Der er nok minimum 7 milliarder tønder råolie i altankassen.
GS har vist lige opgraderet de olieserviceting igen.
Tror nu sagtens olien kan falde tilbage midlertidigt.