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Shire plc Message Board

blackoutbuzz 590 posts  |  Last Activity: 1 hour 15 minutes ago Member since: Apr 26, 2001
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  • PMC leaves Getty to partner with SSTK

    @Shutterstock is challenging Getty Images’ dominance as the world’s biggest distributor of high-fashion and entertainment photos after striking a deal with the owner of Hollywood trade magazine Variety. The New York stock photo service, which has a market value of $2.2bn, is forming a partnership with Penske Media Corporation to distribute images and video from events such as the Academy Awards and designers’ runway shows.PMC will retain ownership of its photos, while Shutterstock will take charge of selling them to its 1.3m customers. PMC previously had a deal with Getty, but Mr Penske said his company “saw a better opportunity in aligning the PMC brands with Shutterstock, which we believe to be the ascending platform for imagery and video”.

  • Reply to

    Foreign Tax

    by redshirtsophomore Apr 3, 2015 1:38 PM
    blackoutbuzz blackoutbuzz Jun 23, 2015 10:58 AM Flag

    BTI last split was in 1993 so don;t hold your breath waiting for one. Personally, I couldn't care less about that.

  • blackoutbuzz by blackoutbuzz Jun 23, 2015 10:54 AM Flag

    Diageo DGE.L currentlytrading at 1934 pence on the LSE.

    @Analysts at Nomura have turned more positive on the Guinness and Smirnoff business. They moved their recommendation from neutral to buy and lifted their target price from £19.30 to £21.80, saying: Following recent meetings with the company, we are more confident that the “bad newsflow” for the company is abating and that a recovery in growth should become visible in 2016. We shave our 2016 earnings per share estimate by 2% to reflect negative foreign exchange; however, free cashflow generation is better than expected and as we are now approaching year-end, we move our discounted cash flow forward by one year. With an improving outlook, we have fewer worries about a possible dividend disappointment with full year results at the end of July (we now estimate full year dividend up up 5% versus previous 2%). In addition, with M&A being deemphasised, we see scope for possible buybacks to start during 2016. We continue to see a recovery story for the global spirits industry. For the company, Asia-Pacific appears to be a bit stronger in the fourth quarter. In addition, an improving US industry environment could start to improve performance into 2016, although comps remain tough for the first half. Destocking in LatAm (due to finish at end-2015) and in Asia (still likely to run into first half of 2016) is as expected. This supports our view of an improving trajectory into 2016. We remain sceptical about recent press reports of a bid for the company by 3G, but we do think this newsflow could mark a sea change in share price performance after two soft years. Diageo trades at a 2015 estimated PE of 21 times versus the spirits average of 21.7 times.

  • blackoutbuzz blackoutbuzz Jun 22, 2015 9:36 PM Flag

    I fully agree. Why do people worry about the future so much when they have so very little control over it? Nature is infinitely more powerful than is the human race at its current stage of technological prowess... in one or ten thousand years maybe it will be different, but certainly not now

  • Reply to

    Validity of Dow Theory

    by blackoutbuzz Jun 22, 2015 8:31 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 9:28 PM Flag

    But from the traditional T/A perspective, the rules have not changed, at least not that I am aware of. That is the concern. Maybe Dow Theory is dead.

  • Reply to

    Validity of Dow Theory

    by blackoutbuzz Jun 22, 2015 8:31 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 9:18 PM Flag

    That is precisely the point I was trying to make. Maybe the historical Dow Theory no longer applies.

  • Reply to

    Validity of Dow Theory

    by blackoutbuzz Jun 22, 2015 8:31 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 9:16 PM Flag

    I may not subscribe to the precise T/A aspects of the theory, but I do think the underlying principle linkage between production and shipping applies. It is from this perspective that I raised the question. I think the link that existed historically between the DJI and DJT may have been weakened in recent years due to component modifications.

  • Reply to

    Validity of Dow Theory

    by blackoutbuzz Jun 22, 2015 8:31 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 9:10 PM Flag

    I am aware of the history of changes in the components of both. My question is then, if there is no specific effort to maintain a linkage between output of industrial goods and the transportation services to move those goods (which is the fundamental principle underlying Dow Theory), does that not have implications to the continued validity of Dow Theory (assuming you think there ever was any validity to it to begin with)?

  • Reply to

    Validity of Dow Theory

    by blackoutbuzz Jun 22, 2015 8:31 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 8:57 PM Flag

    I will do more reading, but are you implying then that the answer is yes?

  • Reply to

    Validity of Dow Theory

    by blackoutbuzz Jun 22, 2015 8:31 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 8:54 PM Flag

    Irrespective of that, do you agree that higher industrial output requires more transportation services to move that output (and vice versa)? In essence that is what my inquiry is related to.

  • Reply to

    Validity of Dow Theory

    by blackoutbuzz Jun 22, 2015 8:31 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 8:38 PM Flag

    This post was directed at those who do subscribe to the theory, not you.I already know your opinion on the subject.

  • blackoutbuzz blackoutbuzz Jun 22, 2015 8:37 PM Flag

    Media monkey games on individual stocks have no bearing on broader markets.

  • blackoutbuzz by blackoutbuzz Jun 22, 2015 8:31 PM Flag

    As components making up the DJI index change, whereas the DJT index is essentially unchanged, it would seem plausible that these changes could impact the continued validity of Dow Theory. Does Dow Jones & Co. adjust weightings in the two indexes in an attempt to maintain the linkage between them?

  • Reply to

    SSTK taking marketshare from Getty

    by blackoutbuzz Mar 17, 2015 6:00 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 5:05 PM Flag

    And today this bit of news... PMC leaves Getty to partner with SSTK

    @Shutterstock is challenging Getty Images’ dominance as the world’s biggest distributor of high-fashion and entertainment photos after striking a deal with the owner of Hollywood trade magazine Variety. The New York stock photo service, which has a market value of $2.2bn, is forming a partnership with Penske Media Corporation to distribute images and video from events such as the Academy Awards and designers’ runway shows.PMC will retain ownership of its photos, while Shutterstock will take charge of selling them to its 1.3m customers. PMC previously had a deal with Getty, but Mr Penske said his company “saw a better opportunity in aligning the PMC brands with Shutterstock, which we believe to be the ascending platform for imagery and video”.

  • blackoutbuzz blackoutbuzz Jun 22, 2015 4:39 PM Flag

    Why in the world would I bet when I already have the real deal in NVO. Get lost pumper. Go inflate the MNKD board some more it looks like it needs more air.

  • Reply to

    Foreign Tax

    by redshirtsophomore Apr 3, 2015 1:38 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 4:12 PM Flag

    general_s already answered your question.

  • blackoutbuzz by blackoutbuzz Jun 22, 2015 2:08 PM Flag

    ENF.TO is on strong grounding from bondholders perspective. Should translate to continued low rates on debt issuances

    @Toronto, June 22, 2015 -- Moody's Investors Service has downgraded the senior unsecured ratings for Enbridge Inc. (ENB) to Baa2 from Baa1; for Enbridge Energy Partners L.P. (EEP) to Baa3 from Baa2 and for Enbridge Energy Limited Partnership (EELP) to Baa2 from Baa1. Moody's affirmed the Baa2 senior unsecured rating on Enbridge Income Fund (EIF) and the Prime-2 commercial paper rating for Enbridge (U.S.) Inc. For all these entities, the rating outlooks are stable. For a complete list of Moody's ratings actions see the end of this press release.The affirmation of EIF at Baa2 reflects our view that its stand-alone credit profile has strengthened with its greater footprint and cash-generating ability, and it also incorporates structural subordination at the EIF level. Previously, EIF's Baa2 rating incorporated one notch of support from parent ENB. Overall, the size and scale of EIF increases significantly as consolidated assets increase to more than C$22bn from about C$2bn and as consolidated EBITDA increases to more C$2bn from more than C$400 million. The business risk profile of EIF materially improves due to the stronger business risk profiles of EPI and EPA and their large contribution to EIF's consolidated EBITDA. Consolidated EIF is forecast to have high leverage until it completes about C$8.9bn of projects in 2017, upon which time debt/EBITDA is expected to improve to about 5x. The company's policy to payout 90% of available cash flow limits its financial flexibility. The debt at EIF is structurally subordinated to debt at EPI and EPA which combined are forecast to have about C$13bn of debt outstanding at the end of 2015. The structural subordination is largely driven by EPI, which is forecast to account for about 2/3 of EIF's consolidated EBITDA. The vast majority of the company's cash flow is residual cash flow from its levered subsidiaries

  • Reply to

    The domino effect from Greece ,,,it ain't pretty

    by marcopubio Jun 21, 2015 11:50 PM
    blackoutbuzz blackoutbuzz Jun 22, 2015 12:06 AM Flag

    Greece anti-austerity protests are linked to continued dependence on bailout programs. In case you didn't notice, Spain exited their EU bailout close to a year and a half ago. Portugal did the same about a year ago. The situation in those countries, although difficult, is not nearly as sever as that in Greece. To draw comparisons is naive at best.

  • blackoutbuzz blackoutbuzz Jun 21, 2015 11:45 PM Flag

    Nonsense. Media publishes stories on all these topics with pretty much all the freedom they want. Are you telling me you never saw documentaries that portrayed the dangers of foods and prescription drugs? Get real.

  • blackoutbuzz blackoutbuzz Jun 21, 2015 11:19 PM Flag

    That is not the fault of government. It is the fault of media.