Indeed. SHPG CEO says "We are firing on all cylinders". Great company.
@@@@The launch of the first drug to treat binge eating disorder helped Shire post a better-than-expected 20 percent rise in first-quarter earnings on Thursday. The launch of the first drug to treat binge eating disorder helped Shire post a better-than-expected 20 percent rise in first-quarter earnings on Thursday. Shire received approval to use Vyvanse, an amphetamine widely prescribed to treat hyperactivity, for an eating disorder only officially recognised in the United States two years ago. Sales of Vyvanse increased by 17 percent to $417 million (£271.3 million), Shire said on Thursday.Shire said a good performance by Cinryze, a treatment for hereditary angioedema, also contributed to the 20 percent jump in post non-GAAP earnings per share of $2.84, beating a market consensus of $2.60. "We are firing on all cylinders," Ornskov said. "We are very satisfied with the progress we've made."
Not too shabby
@@@Drug maker Novo Nordisk on Thursday raised its financial guidance for 2015 as it reported a strong rise in profit and announced that Chief Executive Lars Rebien Sorensen will remain at the helm until his contract expires in 2019. The world's biggest insulin maker said it expects its reported operating profit to grow about 17% in local currencies this year. At the end of January, the company had said it expected operating profit to grow about 10% in local currencies. Novo Nordisk reported a net profit of 9.88 billion Danish kroner ($1.47 billion) for the three months to the end of March, compared with DKK6.46 billion kroner in the same quarter last year. Quarterly revenue rose 24% to DKK25.20 billion from DKK20.34 billion in the year-earlier period, driven by growing sales of diabetes drugs Levemir and Victoza. North America, the world's largest diabetes market, was the main contributor to sales growth. The company's gross margin was 84.6% in the first quarter, compared with 83.0% in the same period last year. Currency effects boosted the company's gross margin by 1.6 percentage points, whereas the underlying gross margin was unchanged. For 2015, the company expects sales growth in local currencies of 7% to 9%, supported by a continued robust performance from its portfolio of insulin and a modest sales contribution from new launches, such as Saxenda.
More monkey business? Nickel price up as LME inventories hit new highs. NILSY will continue to generate profits regardless.
@@Biggest Nickel Producer Can’t Mine Enough to Satisfy China by Alexander Davis The Philippines will fail to satisfy China’s nickel ore demand and that may push up refined metal prices more than 15 percent, according to the largest miner in the world’s top producer.The Southeast Asian nation won’t be able to supply enough ore once China exhausts stockpiles built up before last year’s export ban by Indonesia, previously the biggest producer, said Manny Samson, chief financial officer of Nickel Asia Corp. China’s output of nickel pig iron, a lower-grade substitute for the refined metal used to make stainless steel, may fall by about 30 percent when the country becomes solely dependent on Philippine supply, according to Samson.“NPI producers would be completely reliant on Philippine ore” after stockpiles of Indonesia ore run out, Samson said. “Chinese stainless steel producers will now have to source nickel elsewhere.” The tightening supply may drive prices to $16,000 a metric ton on the London Metal Exchange, Samson said. Nickel for delivery in three months on the LME rose 2.8 percent to $13,790 a ton at 10:08 a.m. in LondonChina’s inventories of laterite ore, the type shipped from Indonesia, fell to equivalent of about 120,000 tons of pure nickel at the end of March from about 194,000 tons at the start of 2014, Celia Wang, an analyst at Beijing Antaike Information Development Co., said April 24. Current stockpiles of nickel ore, refined nickel and ferro-nickel can cover three months of the country’s stainless steel production, according to Antaike. While the Philippines in 2015 can export close to last year’s record 43 million tons to China, the raw material will only be enough to make as much as 350,000 tons of NPI, down from about 485,000 before the Indonesia ban, Samson said. Antaike forecast Chinese NPI output at 360,000 tons this year
Shire is trading on the LSE at 5450 pence today
@@@@Shire : *S&P CAPITAL IQ RAISES SHIRE PRICE TARGET TO 6100 PENCE - 'BUY'
04/30/2015 | 09:39am US/Eastern
A JV could make some sense, but an outright sale certainly does not.
@@@@However, sources cautioned that Bombardier still views trains as a business with major potential that remains integral to its overall operations. Because of that, a joint venture or partnership is a more likely outcome than a sale, these people said.
---- They have also layered on 55000 bopd hedges at $62 for rest of 2015.---
Where did you get this figure? Hedges as of Dec31, 2104 listed on p.95 of the annual report don't show this. All I see for oil is what I recall as the ATHL hedges.
NYMEX Fixed Price 1,062 MMcf/d 2015 4.29 US$/Mcf
WTI Fixed Price 12.3 Mbbls/d 2015 92.88 US$/bbl
WTI Fixed Price 1.2 Mbbls/d 2016 92.35 US$/bbl
---The upcoming merger with FRNT12---
Was there an announcement about this? I don't follow FRO that closely so I must have missed it.
ETN reported slowing sales in its hydraulics division.
@@@@Eaton Corp. PLC cut this year’s forecasts for profit and revenue Wednesday as markets for its hydraulics business continue to deteriorate. Eaton supplies hydraulic systems and components to a host of struggling end markets, including the oil and natural gas industry and the makers of farm machinery and construction equipment. First-quarter sales from the hydraulics business dropped 15% from a year earlier to $665 million. Income from the unit plunged 39% to $66 million as the margin on the business fell by more than four percentage points to 10.1%. Eaton said it is restructuring the hydraulics business to align its costs and production with the decreasing demand. “We don’t expect to see a recovery in 2015,” Chairman and Chief Executive Alexander Cutler said. Hydraulics accounted for about 13% of Eaton’s sales in the quarter.
HPQ does not need SSYS. They have their own printer technology that will destroy others in the space in the next 5 years.
3 year? I see a strong trend up that only started about 2 years ago. But yeah looks like it's broken the trend. There are lots of support levels though. A test of the 200 day SMA line at ~187 looks increasingly likely. Then there's the 50 week SMA down around $183. But $115? Sure, if the market collapses.
If nickel prices ever do stage that long awaited recovery after Indonesia instituted its nickel ore export ban last year, S.TO will be raking in the dough from their operations in Moa and Ambatovy
@@@Details Ambatovy achieves “90 for 90” — Planned maintenance was minimal during the quarter, which allowed the operation to achieve 90% capacity over 90 days, one of the mandated completion tests under the operation’s US$2.1-billion project debt facility. However, the quarter was not without hiccups — production was affected by a two-week unplanned shutdown related to an accident at the plant and strike action at the mining operation. Ore throughput in the PAL circuit was 77.3% of nameplate capacity in Q1/15. Production of finished nickel was ~79% of nameplate capacity. Cash costs were US$5.74/lb, considerably lower than what we were expecting. Management has indicated that cash operating costs would be between US$4.00–US$6.00/lb. No additional funding was required by the JV partners during the first quarter. At the current nickel price, we anticipate that Sherritt will be required to provide Ambatovy with ~$95 million to meet ongoing capex and debt repayment obligations. Cash costs lower at Moa — Cash operating costs at Moa declined o US$4.36/lb, well below our forecast of US$5.11/lb. Production was also better at 4,357 tonnes finished nickel, compared with our forecast of 4,139 tonnes. Stable operations at the refinery contributed to the beat as did higher mixed sulphide availability from Moa. Construction on the new 2,000 tpd acid plant has commenced should eliminate the need to import acid into Cuba. The new acid plant is expected to result in a 20% reduction in cash costs and we expect completion
later in 2016.
ALGN announced they are accelerating their stock buyback.
@@@@SAN JOSE, CA--(Marketwired - Apr 28, 2015) - Align Technology, Inc. (NASDAQ: ALGN) today announced that it has entered into an accelerated stock repurchase agreement (ASR) with Morgan Stanley & Co. LLC, to repurchase $70 million of Align's common stock as part of Align's three-year, $300 million stock repurchase program announced on April 23, 2014. Align completed the repurchase of the first $100 million of the program in the first quarter of 2015.
One down, two to go.
@@@@@MOSCOW, April 29 (Reuters) - Indebted Russian steel and coal producer Mechel has reached an "acceptable solution" to a debt dispute with creditor Gazprombank, Russia's Industry and Trade Minister Denis Manturov said on Wednesday. "With Gazprombank Mechel has found an acceptable solution," Manturov said. "We believe that the company should be kept in its current format." Manturov said discussions were ongoing between VTB Bank and Mechel and that there were some hitches in debt talks with Sberbank.
A Bloomberg report on X earnings announcement stated that ~30% of USA steel demand is being supplied through imports from China and others. I suspect we'll see anti-dumping duties being imposed in the coming months. The EU is already doing it.
Hey wizzer, how do you like the latest AZPN earnings huh?
@Aspen Technology, Inc. (AZPN), a leading provider of software and services to the process industries, today announced financial results for its third quarter of fiscal year 2015, ended March 31, 2015. “AspenTech delivered strong third quarter financial results that exceeded our guidance across all key metrics. Total license contract value grew 13.2% year-over-year in the third quarter, which underscores the continued need of customers to improve the efficiency of their operations,” said Antonio Pietri, President and Chief Executive Officer of AspenTech.
@@Summary of Third Quarter Fiscal Year 2015 Financial Results AspenTech’s total revenue of $111.3 million increased 7.4% from $103.6 million in the third quarter of the prior fiscal year. For the quarter ended March 31, 2015, AspenTech reported income from operations of $41.7 million, compared to income from operations of $31.4 million for the quarter ended March 31, 2014. Net income was $28.2 million for the quarter ended March 31, 2015, leading to net income per share of $0.32, compared to net income per share of $0.22 in the same period last fiscal year. Non-GAAP income from operations, which adds back stock-based compensation expense, restructuring charges, amortization of intangibles associated with acquisitions and non-capitalized acquired technology, was $48.7 million for the third quarter of fiscal 2015, compared to non-GAAP income from operations of $40.0 million in the same period last fiscal year. Non-GAAP net income was $32.6 million, or $0.37 per share, for the third quarter of fiscal 2015, compared to non-GAAP net income of $26.4 million, or $0.28 per share, in the same period last fiscal year.
The quote referred to CLF supply to the USA steel industry overall, not just X.
On the matter of X, looks like they are really getting squeezed, both from imports and from competition for less tubing and pipe due to slowdowns in the oil industry. This Bloomberg report states that ~30% of total USA steel demand is being supplied by imports now.
@@@@A strengthening dollar has made foreign steel cheaper for U.S. buyers. Imports jumped 20 percent in the quarter, government data show, and now account for about one-third of the $100 billion U.S. steel market. That’s set the stage for a possible trade complaint from American producers this year. U.S. Steel and other domestic suppliers are also under pressure from the slump in oil prices, which has meant a drop in orders for steel tubes and pipes. The average number of active oil and natural-gas rigs in North America plunged 50 percent since the beginning of the year, according to Baker Hughes Inc. data.