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That's one important thing I have been happy with in regards to PTQ is the reluctance to dilute. Great job in an industry known for destroying shareholder value by raising capital by issuing shares and then using said capital on non-accreditive expenditures.
JFF7
Corporate Owned Personally Enabled (COPE) replacing BYOD?
http://www.appstechnews.com/news/2012/sep/28/cope-vs-byod-which-better-you/
I feel for ya Bob. This hasn't been a good year to be in resources. Hoping for the second half to turn it around. It's about the only place money has not flowed to yet. There's so much money sloshing around, it has to hit the resource sector eventually.
JFF7
well your assessment of Nokia does not match the latest sales figures so you might want ot revise your assessment.
JFF7
Nokia is not dead so I guess that is good for Blackberry.
better hold onto PDI for a while to carry them through low gold price times.
JFF7
market is just going sideways before AGM meeting tomorrow despite I2hunter jumping up and down on his head cheering.
Market must be waiting for news from AGM. Hoping to hear of pursuit of sale or CEO changing or licensing deal. IF noe of that and no activist shareholder steps up, the downswing will continue.
Just my thoughts. (yes I believe sell off is over done).
JFF7
Is it really that simple? Push spanish ore to Panamanian mill and process?
isn't spanish ore from three types of ore bodies. Different than Panamanian ore. Don't you have to run the mill process to match the type of ore your putting through.
I expect they will be able to do something good with the ore but I expect the recovery ares wouldn't be as high as some expect and that it takes longer to get it right.
JFF7
hold on there guy.....you are one angry dude. Don't you ever just sit back in the sun and have a cold one or go out in the boat to catch some fish on a nice day? It's summer. Life is good! You need to chill a little.
JFF7
yup everything has a price.
JFF7
yes the whole thing maybe but the Panamanians seem to feel very nationalistic about PTQ. Not sure that deal is on the table. If there truly are in talks again, more likely a smaller deal to be had.
JFF7
my thought initially about talks....First Quantum wants to buy PDI only, if it can be separated out.
JFF7
great I hope your right and more stock moves into strong hands.
If people want to take management to task, that's fine with me. As long as it is an honest and factually backed up opinion.
Not sure why you are afraid of any shareholder holding a critical view.
JFF7
I'm not sure why you set yourself up for these short of snipes. No self-respecting resource investor would call PTQ a mid-tier producer just based on resource sector investing experience. Despite what juniorminers.com might say.
Relax and have a cold one. It's summer time. We've got a long wait before POG prices can move back to where they should be.
JFF7
" There is a lot of news, very important to us, coming out of the east. That is what moved our share price Friday."
In case you were paying attention, a lot of undervalued gold stocks moved up on Friday. Some of them a lot more than PTQ. Did these guys all have company specific news that drove them?
Why do you continue to play this "you don't what I know !" childish game? For all you bluster about being "informed" and "educated", you have never once demonstrated how this (if it were even real) has helped you make more money in this stock than anyone else owning this stock.
I am not sure if your just insecure or simply spiteful but you really do yourself a disservice continuing with this antics.
JFF7
I repeat, Blackberry is not going bankrupt. To suggest so is simply ridiculous and based on no facts. Their BB10 platform is just getting launched and is maturing nicely. their balance sheet is in very good shape. Cash increased to 3.1 Billion this quarter.
Sales and phones shipped increased 13 % from last quarter. They are turning the corner. Just not as fast as some would like. Heins will take action. If he has shown anything, it is he can run a tight ship and deliver. No doubt they have a lot of work ahead of them.
Signing lots of BES contracts alone will take them back to profitability. But they need to do more on the services side. The Dept of Defense contract would also give them a big boast if they got that. A decision is due soon.
I hope Heins is more seriously considering a licensing deal now.
JFF7
Bull dingy they are going BK. They have a great balance sheet and are still rolling out new phones to new markets. Anyone saying they are going bankrupt is just trying to scare the price down some more.
Heins is a pretty pragmatic guy (cutting BB10 to Playbook even though he promised he would. But if the performance doesn't work on the two year old Playbooks, what are you going to do). If he has to license out BB10 to some hardware manufacturer that has the volume to compete at the low end of the market, he will do so.
Services is the future of the smartphone market for Blackberry, Apple, Microsoft / Nokia, and maybe even Samsung. The white brand smartphones entering the market are just too cheap to compete with at the low end of the market (and they'll move up stream after a while) and the high end market is saturated.
Heins has to win quite a few BES contracts and then start monetizing some of these other service revenue stream they are chasing (updating car system, BBM Channels, Sending money person to person, etc).
BB10 platform is just getting started. Share price will be in for a rough ride for another quarter or two.
JFF7
nothing like a slow boil to tender up the shorts.
MMT.V
Pay me while I wait. Lovin' it.
JFF7
BlackBerry And The Hardware Game
http://seekingalpha.com/article/1522072-blackberry-and-the-hardware-game?source=kizur
Over the past few years BlackBerry (BBRY) has been plagued by many mistakes: an outdated operating system, bloated head count and a lack of management control, but none has been more glaring than failure at the hardware level.
BlackBerry's failure to recognize the changes in the needs and wants of smartphone users caused it to lose its position of leadership to the likes of Apple (AAPL) and Samsung. So much so that many are predicting that BlackBerry will be totally out of the hardware business in a few years, and will be solely focused on its software, security and operating system.
I do not agree with this prediction for a few reasons:
No manufacturer has been able to make an appealing Qwerty keyboard device other than BlackBerry. Many like Nokia (NOK) have tried and are still trying, but BlackBerry is still the king of the Qwerty.
Many of BlackBerry's customers demand supply chain control and do not want BB10 devices that are made all over the world in countries that they do not trust. If BlackBerry were to allow another company like Lenovo (LNVGY) to make a BlackBerry, how could customers feel secure with this device the way they do now that BlackBerry controls everything.
The device business when done properly is a proven money maker (30-40% margin), and why would BlackBerry want to give those profits to someone else.
So if we assume that BlackBerry remains in the hardware business, then long-term success and improvement of shareholder value will depend on how well it executes the innovation, development, launch and marketing of new devices. Let's have a look at how the new BlackBerry has done so far.
Z10
The Z10 was launched January 30, to positive reviews and considering it was BlackBerry's first attempt at a full touch screen design and operating system I would consider it very successful. BlackBerry listened to its customers and made major improvements with its release of the 10.1 firmware update. On the negative side, BlackBerry Z10 was late, and BlackBerry missed the boat on paying millions of dollars for a Super Bowl ad when no one in the U.S. could actually buy the phone as it had not been released and would not for 2 months.
Q10
The Q10 was launched in early march to very positive reviews and marked the return of BlackBerry to its long-held stronghold of physical Keyboard focused smartphones. The Q10 mirrored the staggered launch of the Z10 allowing for a careful read of demand so it could supply prudently. The Q10 also benefited from some of the market feedback received from the Z10 and incorporated those improvements at launch time.
Q5
The Q5 is currently launching in Emerging Markets and the U.K. at roughly half the price of a Q10 making it free on most phone plans. It has all the functions of the BB10 operating system, with four colors and designs targeted at a younger and more casual user.
So far we have seen a new device launch every two months, and as stated numerous times this year we are expecting six devices before the end of the year. This would mean we have three to go, and there have been many rumors about what we can expect. Here are some i have come across.
A10
This A10 seems to be the hottest rumor out there, a 5" OLED display touch screen device in line with the Z10 but with the nice back of the Q10. This would replace the Z10 as the flagship touch device and is targeted to go head to head with the Samsung S4 and the iPhone 6.
Z5
The Z5 also seems logical in order to keep symmetry in the product families and to offer a lower price point in the touch screen segment. Would go head to head with the anticipated lower price iPhone, and cheaper Google (GOOG) android devices.
S10
How about an S10 for those of us who have used a Torch in the past? It would be very interesting to see another slider BlackBerry that could give the user a larger display with the convenience of a slide out keyboard.
From the above list of released and rumored devices I really feel that BlackBerry has stepped up its game on the hardware side. Six new devices in 12 months will be quite an accomplishment, and a great step in rebuilding shareholder value.
But it cannot end there, BlackBerry will have to keep up the pace on device innovation, and improvements as we go along. I think we have seen that being demonstrated with two releases of firmware BB10.1 and BB10.2 in the six months BB10 products have been on the market. These updates have dealt with camera quality, security, battery life, android app support, and many more issues based on user requests and feedback. All of this a great sign that BlackBerry is listening to its customers and a major advantage it has over Android devices, which typically never get any updates to the Google operating system after it is released.
Playbooks, Tablets and Televisions
Recently BlackBerry CEO Thorsten Heins said, "In five years I don't think there will be a reason to have a tablet anymore, maybe a big screen in your workspace, but not a tablet as such. Tablets themselves are not a good business model." The CEO received a lot of criticism for this statement. However in the recent BlackBerry 10.2 update we can see a little clearer what exactly he may have been getting at.
BlackBerry 10.2 will be supporting Wireless HDMI and Miracast as well as the DLNA it already supports. These are all open standards, which allow high-definition video to be delivered to any modern TV, laptop, tablet, desktop, or other mobile phone. In fact Miracast is an open standard version of Apple's Airplay. This would mean that you could have your BlackBerry replace your Apple TV box and save the $99.00 purchase price.
This also would lead to an end of the tablet as we know it today. All you would need is a basic inexpensive flat screen (dumb tablet) that can connect to your BlackBerry (mobile computing device) and relies on the BlackBerry for all of its computing power and memory. I think now we can see what he was getting at.
Thorsten also added, "In five years, I see BlackBerry to be the absolute leader in mobile computing -- that's what we're aiming for."
You would be able to stream anything you're interested in through your BlackBerry (mobile computing device) and watch it on the TV on your family room wall or desktop screen. BlackBerry could even market a simplified, and therefore inexpensive 10" or 7" BlackBerry Playbook that because of its simplicity may be able to sell for as little as $100.00 to $150.00.
In summary
BlackBerry is well on the road to repairing its device reputation, with an anticipated six devices this year, all with the features, functions, and price points the market is demanding. BlackBerry is listening to its customers to make sure the launch of a new product is followed by improvements in firmware to tweak and improve the performances of those devices over time.
Earnings this week will reflect, one full quarter of Z10 sales globally, one month of sales of Q10 in the UK, Canada, and Middle East, and the continued roll out of BES 10.
While I expect earnings will exceed second-quarter guidance of breakeven, i would expect the guidance for the third quarter to be a real catalyst for share appreciation and potential short squeeze. This guidance will reflect a full three months of sales of the Q10 and Z10 globally, BES10 Globally and one to two months of the Q5.
BlackBerry is definitely getting better at the hardware game, and that is a big reason I hold BlackBerry for the long term.
Bernies days are numbered. Obie is already throwing him under the bus. Who will replace him? Don't know but I won't be surprised if it's one of those creative slippery (greasy) ones that helped start this mess.
JFF7
Looking good for an earnings beat !
http://seekingalpha.com/article/1519882-the-latest-statcounter-data-suggest-blackberry-will-beat-on-the-quarter?source=email_rt_article_readmore
JFF7
BlackBerry can still generate about $2.00 per month for pre paid customers.
http://stks.co/hawT
JFF7
here is another link discussing Scotia comments
http://crackberry.com/scotia-expects-bbry-beat-street-friday
JFF7
can't post article as it is in Scotia Daily Edge.
Here is summary though.
Event
¦ BlackBerry is scheduled to release Q1 results before the markets open
Friday June 28th, with a conference call scheduled for 8:00 am EST at
1-800-814-4859.
Implications
¦ Expecting a positive EPS surprise on margin expansion: Although
the company is guiding to roughly a break-even quarter, we expect
improved gross margins, on the back of the BB 10 launches, to push the
company into profitability. Our out-of-consensus EPS estimate is $0.72,
with sales of $4.1B on the back of 3.6M BB 10 devices.
¦ Next quarter looking for Sales and EPS increase: For next quarter,
we are looking for total BB 10 device volumes to increase to 5.5M on
the back of the Q5 launch and corporate upgrades but ASPs should
come down. We are looking for revenue of $5.0B and EPS of $1.28.
¦ Hard to forecast but we expect improving profitability: BlackBerry
is in the midst of a major platform transition. In general we believe
things are going well but this will be the first quarter where we get a
clearer picture of what BB 10 can mean to this company.
Recommendation
¦ Maintain Sector Outperform: We believe this quarter will illustrate that
BlackBerry has returned to solid profitability and BB 10 is gaining steam.
Although forecast accuracy is challenging due to the platform transition
we do expect both sales and profitability to improve.
things are getting sore for the shorts. Time for a downgrade.
BlackBerry (NASDAQ: BBRY) had its price target trimmed by UBS AG to $13.00. They currently have a sell rating on the stock.
http://zolmax.com/investment-analysts-price-target-changes-for-june-24th-aapl-acn-agn-bbby-bbry-dxcm-gnrc-goog-lvnta-msft/74496/
Scotia today calling for Q1 eps of $0.72, 8.7 devices sold
more buying opportunities as the markets start their withdrawal program at the QE detox center.
JFF7
rumours of estimates of earnings.....Gus is going to bats for BBRY again (Scotia). Cramer says BBRY makes consensus.
Foreign exchange is the diff to start today. US dollar gaining in value against Cdn loonie.
JFF7
my expectations as well. The shorts will try to hit it hard all week in order to get the price as low as possible so that when quarterly results are reported the price will increase from a low price level. The short case is that although initial sales are good, the sales will not last. That competition will kill BB sales and profitability in the long run as service revenue dries up.
They don't believe that sales will continue from new releases like Q5, A10 and other new models. They don't believe that BB will sell and new services and that QNX in other industries will get no traction. They also don't believe that the BB10 platform will get any better over time and that it is as good as it is going to get. They also don't think anyone will develop apps in any significant way for the BB10 platform.
Is BB really undervalued? Yes but the shorts are not going away anytime soon. It will take good back to back quarters to discourage them before they disappear in any measurable way.
JFF7
Keeping it under 14 for options expiry tomorrow. That's my guess. Lots of people making lots of money off of options on a volatile stocks which creates large premiums to be had.
JFF7
MJK, I'm certainly not dancing in the street but I'm also not covering my ears with my hands singing Kumbaya.
I am forced to be a long now because of market conditions, not being smart enough to realize how far the can can be kicked down the road and a long term belief that the debt levels will come back to bite our financial masters in the butt eventually (on this point I am wavering some, certainly on the timing).
I hope PDI can keep contributing and that PTQ management is smart enough to stretch out any high cost capital commitments (yes delay mining activities) in order to live to fight another day. Accelerating leach mining might be ok because it creates low cost production but I have not looked at cost of getting it underway.
Good luck all.
JFF7
both longs and shorts are now seeing some clarity onthis quarters results. They will be better than expected and the market is now recognizing that. Price rising on no good news. A great sign.
JFF7
I'm not getting a good feeling about POG. feels like another push down is coming. It looks like the world financial interests have more cards to play before the debt takes them over. maybe two cards if they use the bail-in legislation that is popping up every where.
All the savers will pay the price for the debtors.
JFF7
Speculation on major new investor
http://seekingalpha.com/article/1502812-blackberry-major-new-investors?source=kizur
JFF7
Android apps run "buttery smooth" under 10.2
http://t.crackberry.com/android-runtime-bb10-more-meets-eye
JFF7
when it comes to labor availability, do not mistake general labor availability for availability of experienced mining staff. They are nothing alike. You can put inexperienced people in a mine and expect it to work. It takes years for those people to come up to speed. I have seen this too many times to make that mistake again. The difference is night and day in terms of mine performance.
Not saying they can't get experienced miners. Just don't mistake general labor availability for having good miners available.
JFF7
BTO
I thought this pullback had more to do with possible govt (Phillipines) tax (8%?) than being listed on NYSE?
Am I misinformed?
JFF7