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I read every single message every single day. Still working silently behind the scenes. And I do still hold EVERY share.
Agree 110%
this is an economically sensitive company. No news...only a crappy economic outlook on the whole.
I'd have to look it up but a REIT is a technical term and means that a certain percentage of profit to shareholders.
have to get a couple quarters of earnings under our belt...plus TiOx is mostly considered as a life-style commodity so the weak global economy isnt going to help. I think its held up well in spite of the headwinds. This is long term hold.
In 2008 Lehman had an estimated 1 trillion in liabilities with the perception that the world credit market was going to seize permanently. Everything was thought to be unmarketable...people saw no reasonable or credible path out of the crisis.
Agree, 10% and I'm set....anything over is beyond gravy.
Thanks for the correction. True that one metric alone doesn't matter. Pe is also the same ratio indicating that 50 per share is do able
Not my numbers per se...Book value from the article you posted. After that, I just went to Yahoo and got the book value for the other companies.
Book value of 56.20 per share.
TROX trading at 0.5 book value.
KRO trading at 2x book value
Huntsman @ 1.85x book
Dupont @ 4.56x book
Based on book value alone, TROX should be trading over $100 per share
KRO reports today. Expect bleed over from whatever they report and say as business conditions.
http://webcache.googleusercontent.com/search?q=cache:http://www.newswire.ca/en/story/1015649/notice-to-barrick-abx
Once its on the web...you cant take it back
two separate things. 36% down from high. 62% above low.
This is the stock market
up over 4%...holding fine. Earnings were completely in lined
http://finance.yahoo.com/news/tronox-reports-second-quarter-2012-110000437.html
Pretty strong overall in a weakening demand environment
prior to opening today. My account already shows the additional shares
so if South African noble metals output is declining this is a net positive.
ongoing legacy environmental issues. Tronox is leading on behalf of US government. They won't get money from the any settlement only tax benefits. Trox is going after APC for something like 25B
Weird. In the past I've heard back from ir in the same day. I would call your broker and make them figure it out
News out. Trox using 100% rutile for pigment production. Ti slag demand picking up by low cost pigment producers...zircon demand weakening but not significantly
KRO is heavily shorted..not sure if its extending to TROX. Split isn't until 20 July and divi 13 July. Doubt it has anything to do with the split. KRO is down big too.
I bought more today!
Probably will be adjusted with split. Don't know how divis and warrants work. You should contact your broker.
Update, straight from Tronox IR.
This is a NORMAL 5-1 split. 4 additional shares for each 1 owned.
Since Tronox is incorporated in Australia, the term "bonus issue" is the result of using Australian terminology for such a split, as required.
Had this been a purely US company...there wouldn't have been any confusion.
Pre 5-1 split you will get 1.25 for each share resulting in an annual yield of about 3.8%
Post split, the divi will also split to $.25 maintaining the approx 3.8% yield
I don't see how preferred shares or commons get 20cents on the dollar until CTs get 100 cents on the dollar and back interest? Just my opinion
I'll settle for nothing but back interest!
You have thrown me for a loop. I originally read several articles and interpreted it as a normal 5-1 split. I'll dig further
Also, the first quarterly dividend is prior to the split.
No! 5 for 1 split meaning you end up with 5 shares for every one you already owned. Therefore, 1000 shares results in 4000 additional for a total of 5000 (5 to 1).
For 1000 shares purchased today at 130 = $130,000
Shares after = 5000
New basis is = 130,000 / 5000 = $26
1.25 quarterly dividend = $5 annual dividend
Yield = 5/26 = 19%!!!!!!!!!!!!!!
Someone check my process. A 19% yield puts it in the top 15 stocks per YAHOO stock screener.
No S&P 500 stocks have a dividend above 10%
Kronos yields 3.8%
Dupont 3.5%
Huntsman 3%
Tronox Inc Started At Buy By UBS >TROX
Last update: 6/26/2012 6:59:17 AM
Article on seeking alpha
Given the tight ore supply / demand dynamics and increasing Ti02 pricing environment, conservatively TROX could generate over $1 billion of EBITDA in 2012. Assuming $1 billion of EBITDA created at 6.0x including $100 million present value of net operating losses and the capital deployment strategy mentioned above, Tronox is worth $191.90 per share, a 40% return to the current price.
Credit Suisse in a May 4, 2012 report on Exxaro suggests that TROX could generate $1.5 billion in EBITDA in 2012. This suggests $342.57 per share of value, a 150% return.
Terrible market conditions...cannot expect Trox to perform any differently...this is a buy and hold
Didn't show up on tdameritrade until about half way thru the trading session
Volume was half normal....it isn't on folks radars or screeners yet IMO.
I am trying to arb the difference between a long dated put and the current PPS
for example, I found several stocks where DEC strike of say $30 costs $5-$7.5 but the stock is trading below 20. So theoretically I should be able to by a $30 strike put for $5 then exercise the option and instantly have a net $5+ gain per share. I guess I would then have to buy the shares to cover my net short position to realize the gain.
Question to the board: When you execute a put option do you have the choice to immediately cover and receive the difference or do you need to purchase the shares short at the strike price then separately cover?
All I know about exercising warrants is that you should contact your broker. I've personally never done it.
Warrants like options do not benefit from the ownership of the stock. The 12.50 is part of the merger so warrants get a piece. However the $25 and any future dividends belong to stock owners...not options or warrants.
Tronox Schedules Closing of Combination With Exxaro Mineral Sands
The transaction will close on June 15, 2012. The company will list the Class A Shares of Tronox Limited on the New York Stock Exchange on June 18, 2012 under the ticker symbol TROX
For each share of TROX pink sheet you buy, you will get 12.50 in cash and 1 Class A share representing 68-71.5% of the new entity.
Exxaro Sands is a subsidiary of Exxaro Resources an $8.8 billion company. Sands accounts for 31% of Resources revenue, and while it is not a perfect measure you could roughly value Sands at $2.728 B.TROX has a market cap of $2.37 B. The .92 multiple is to account for the cash dispersal pre-merger.
Another way of thinking about this, is you are getting $12.50 + 0.68($2.728 B +$2.37(0.92) B)/share count = 12.50 + $3.34 B/share count = $12.50 + $3.34 B/15.1 M = $12.50 + $229 = $221/share
Additionally, there will be a vote once the new company is formed concerning a $25 special dividend. I view this as quite likely to pass.
The two one-time divis are 23.5% yield plus recurring divis starting in 4q 2012.