Yeah sure, market dynamics, otherwise known as flipping shares. Scalping is a great gig for those in the special queue.
Monkey games at their finest hour.
2011-2014 Share buyback. Based on the share price during the big buyback, I'd guesstimate the average price paid was ~$35 for a total buyback value ~$3.5B
2016 Secondary offering of at ~$35 for proceeds of ~$2.5B
@From the Q3-2014 CC @As we promised in our last quarterly call, we aggressively executed on our share buyback program. During the last quarter we invested $522 million to purchase almost 12 million Suncor shares. Since commencing the buyback program just over three years ago, we have now repurchased and cancelled over 9 percent of our outstanding shares. At the current price levels we continue to be strong buyers of the stock.
@CALGARY—Suncor Energy says it plans to raise $2.5 billion in a share offering to pay for an increased stake in the Syncrude joint venture. The Calgary-based company said the money would help reduce its debt and go toward paying for the $937-million acquisition of Murphy Oil’s 5 per cent stake in the joint venture that Suncor announced in late April. It says it will sell 71.5 million shares at a price of $35 a share in the deal made through a syndicate of underwriters led by TD Securities Inc., CIBC Capital Markets and J.P. Morgan Securities Canada Inc.
Volume still below average but looks like some selling pressure has kicked in. It's to be expected that some of the BXLT shareholders will want to exit. The only question is how many.
Two year suspension for a simple oversight. Her coach or trainer should really have caught this. Commendable of NKE to remain committed to her after this.
@NEW YORK (AP) — Nike says it "will continue to partner" with Maria Sharapova, despite her two-year suspension for failing a drug test. The sportswear giant said in a statement Wednesday: "We hope to see Maria back on court." Sharapova was punished by a three-person Tennis Anti-Doping Program tribunal appointed by the International Tennis Federation, which concluded she took meldonium "for the purpose of enhancing her performance." She had been taking it since 2006.
Nice profit you made there on GMCR. I barely missed buying it down around 21 back then. To me GMCR was definitely a speculative stock.
NSRGY is a core holding for me. Other core holdings include big tobacco stocks RAI, MO, and BTI. I've had those, and pharma company SHPG, for probably close to 20 years now. I also hold energy infrastructure TRP, PBA, and ENF.TO, telcos BCE and MBT.TO., and transport railroader CNI These stocks make up about 60% of my portfolio. I hold the balance in a mix of cash, cycle stocks, and speculative shorter term plays. Never been big on bonds or financials like the banks, but if interest rates ever show a sustained recovery, I may diversify into that.
Anyway, best of luck to you. I think you will be satisfied with NSRGY ten years from now.
I think you can use the RAI buyout of LO last yeas as a reference. Here's the relevant part. I hope it helps.
2) As a LO shareholder, what will I receive as a result of the acquisition?
For every LO share, holders will receive $50.50 in cash plus 0.2909 shares of RAI common stock.
Pursuant to the merger agreement, any resulting fractional shares of RAI common stock will also be
redeemed for cash at the rate of $72.2977.
6) What is the cost basis of my new shares of RAI?
The cost basis for RAI shares paid to LO shareholders receiving those shares as a result of the
transaction is $72.15 per share. This was the closing price of RAI shares on June 11, 2015, the last
trading day prior to the date the transaction was completed.
7) What is the tax treatment for the cash and shares I receive?
The transaction is considered a taxable event for LO shareholders. The following information is
provided only as an example and for reference. By providing this example, Reynolds American Inc. is
not providing legal and/or tax advice. As everyone’s situation is different, you should consult your
tax advisor to determine specifically how this transaction affects you.
This example assumes a LO shareholder held 100 shares of LO at the time of the merger on June 12,
2015. The total consideration received by the LO shareholder would be $7,148.86.
1) 100 shares of LO multiplied by$50.50 = $5,050.00 cash received
2) 100 shares of LO multiplied by 0.2909 shares of RAI = 29.09 shares of RAI received
a. 29 shares of RAI multiplied by $72.15 (closing price of RAI on 6/11/2015) = $2,092.35
b. 0.09 fractional shares of RAI multiplied by $72.2977 = $6.51 cash received
Total consideration received: $5,050.00 + $2092.35 + $6.51 = $7,148.86
Rolling a plane out onto the tarmac is not the same as carriers starting to fly it. This plane schedule is a year plus behind BBD. Let's compare notes again summer of 2017.
@According to Irkut Corp., the MC-21 backlog includes 175 firm orders. “The number of soft orders exceeds 100 aircraft,” the manufacturer said. Its customers include Russia’s Aeroflot, Red Wings, IrAero, Sberbank Leasing, Ilyushin Finance Co. and Air Kyrgyzstan. The manufacturer has not revealed the exact timeframe for testing and certification processes, saying the “МС-21 aircraft will be certified both to Russian and international standards.
No apology necessary. I've been long NSRGY since 2010 and will continue to hold for many years to come. The company is about as solid as you can get in the space. They appear to have run into a bit of a headwind lately - very conservative company in my view - but when I see news like the China moves I am confident they will figure it out and recover faster growth again. Their holding in L'Oreal is an interesting diversification too.
PS: I noticed GMCR (or more accurately the private equity that owns it now) is yanking their Keurig Kold system that KO was so confident about before they sold their stake.
@Keurig Green Mountain, which made its name as a maker of single-cup coffee machines, is laying off more than 100 workers after its Keurig Kold home soda machine system fizzled out after less than a year on the market. The company said Tuesday it’s discontinuing the first generation of Kold and offering customers refunds for the full purchase price. The home soda-making machine debuted last fall to questions about its affordability for the average consumer. The suggested retail price of the bulky countertop units was $369.99, with each soda pod costing more than a dollar — significantly more expensive than buying and storing cans of soda in your fridge. Keurig said 130 employees will be affected, 108 of them in Vermont, and most of them workers on Kold pod manufacturing and related support teams. Vermont Gov. Peter Shumlin said his understanding was that other parts of the company would not be affected. The company had high hopes when its Kold machines debuted, suggesting they could eventually be bigger than its coffee brewers, which it said at the time were in about 17 per cent of U.S. households. It didn’t say specifically what caused it to pull Kold, but acknowledged that what they learned from the Kold rollout would be incorporated into future beverages makers.
What I don't understand is why the SEC decided that dark pools and HFT systems were acceptable and/or necessary to begin with. Both mechanisms seem to run counter to the principles of an equitable and transparent public market system.
You are the one being naive if you believe that BBD will continue to do deals at that discount rate for the foreseeable future. The 60% off sale is nearing its end.
So where is SSTK on this?
@SAN FRANCISCO - Getty Images is banking on immersive virtual reality supplanting static photographs as the dominant way we experience remote worlds. The 21-year-old photo agency announced Tuesday that it is creating a new Getty Images Virtual Reality Group, whose aim is to grow the current crop of 12,000 360-degree still images that Getty has amassed over the last four years.
about 22% less than they should get if you go by what Mr. Dell paid to steal DELL from its public shareholders.
Jeffries analyst gave the group a big fat thumbs down. But apparently they like AYI.
@Philips Lighting has shone brightly since its IPO on May 27 but analysts at Jefferies have warned it looks set to fade. Unconditional dealings in the Philips' spinoff began yesterday in Amsterdam after the IPO of about 25% of the group and the stock by Tuesday's close had risen to euro 22.30 from an IPO price of euro 20.00. But, initiating coverage, Jefferies slapped an underperform tag on the stock and set a price target of just euro 17.00. "The dominant profit producer (Lamps) is in structural decline, LED lamps are inherently more competitive and Home (which is loss-making) is too small to matter. The key to the investment case is therefore Professional, which is 37% of sales but much less profitable than leading peers. We are sceptical about the turnaround prospects," Jefferies said. The analysts noted that the company's professional unit - its second largest - commands lower margins than its peers, or 5% compared with about 14% for Acuity (AYI) .
I am not a sales&marketing guy and it appears I misunderstood your reference to the term e-commerce..I thought it was identical to DTC, but I see now it implies all forms of internet-based interactions. I agree NSRGY could not continue to do well without an online presence, but I also do not think they will lose out if they don't adopt a DTC system.
Not sure I follow you. Certainly standard media (TV and print) and more recently e-marketing to promote and raise brand awareness are essential. But I believe NSRGY sales are primarily through wholesale and retail distribution in brick and mortar stores - grocers, convenience stores, etc. I don't think the majority of consumers buy their food goods online yet.