And yet, as I have stated on numerous occasions, I am not a banker, just a simple individual investor... go figure huh. You OTOH are definitely a religious zealot and/or alien cult follower, fan of conspiracy theory, and above all a Loony! Life is rich....
Well, now that they've done this large new round of financing - shares and debt - there is NO excuse to break the company into large pieces, and I doubt that is going to happen. That kind of move will certainly result in class-action suits and close government and even police scrutiny, as attested to by the events surrounding SNC.TO. If they do decide to divest a major division like trains or private jets, then the proper way to do that would be through a spin-off to current shareholders.
Yes that's what it means. But then why did BBD put out a new debt offering if they plan to divest assets to reduce debt? And why oh why did they do secondary share and debt offerings before the CS300 first flight? Surely waiting until after that occured would have gotten them better terms. This silliness has to stop.
Well, as the dividend_man you should know better! All kidding aside, I found that out when I first started buying shares in various EU companies.
UK seems to be very oriented at attracting corporations and investors. Look at all the recent tax-inversion attempts by USA companies to move to Ireland for example... ABBV-SHPG comes to mind.
Anyway, I am thinking what to do with the proceeds from LO when they buyout closes... was originally thinking VGR but now leaning towards BTI.
First they bought DUK Ohio assets. Now maybe AEP's. I suppose FE could follow after that.
@@@@@State regulators last week rejected AEP Ohio's proposal to guarantee the Columbus utility a profit on its share of a coal-fired power plant. The amount of power in that proposal was relatively small, but AEP and Akron-based FirstEnergy Corp. (NYSE:FE) have similar proposals for more plants that will be impacted by the decision. The Public Utilities Commission of Ohio ruled that such agreements are legal but AEP's specific proposal was not beneficial for ratepayers. That leaves the door open for future plans, but such proposals would have to show a better benefit for customers. AEP Ohio said it is evaluating the decision "and considering how to address those newly disclosed factors," spokeswoman Terri Flora said in an email.
"We have not made a decision about the future of our competitive generation assets," AEP spokeswoman Melissa McHenry said. "We are still evaluating strategic options and aren't going to speculate."
And yet SHPG is down quite a bit the last couple of days. Maybe some funds are taking end of month profits?
@@@@@SAINT HELIER (Alliance News) - Shire PLC on Monday said it has submitted a New Drug Application or NDA with the US Food and Drug Administration for its investigational compound Lifitegrast for the treatment of signs and symptoms of dry eye disease in adults. The company noted that the NDA submission is supported by the totality of evidence from four clinical trials with more than 1,800 patients. These included one Phase 2 study, two Phase 3 efficacy and safety studies, and one long-term Phase 3 safety study. Lifitegrast is a novel small-molecule integrin inhibitor. It binds to the integrin LFA-1 or lymphocyte function-associated antigen-1, a cell surface protein found on leukocytes, and blocks the interaction of LFA-1 with its cognate ligand ICAM-1 or intercellular adhesion molecule-1. Dry eye is a multifactorial disease of the tears and ocular surface that results in symptoms of discomfort, visual disturbance, and tear film instability with potential damage to the ocular surface. It is accompanied by increased osmolarity of the tear film and inflammation of the ocular surface.
Bulls are more like wolves in sheep's clothing. Bears are the real sheep these days it seems...all flocking together on the SPY board for comfort.
We can't terminate that warmonger but I'm sure the KGB can. That running list you and 'Your Father' have going there sounds like a great new plot for a movie series (ala Star Wars). And just about as much based in any reality. I told you... stop taking the RED pills.
So it turns out LG and Samsung will be supplying the oled screens for APPL's watch.
@@@@@(Reuters) - South Korea's LG Display Co Ltd and the display-making subsidiary of Samsung Electronics Co Ltd will supply screens for Apple Inc's smartwatches, The Electronic Times reported on Monday.The report, which cited unidentified industry sources, said LG Display will be the sole supplier of organic light-emitting diode (OLED) screens for the Apple watches that go on sale in April. Samsung Display will also become a supplier for the next version of the smartwatch that is expected to go on sale either sometime in the second half of this year or early 2016, the South Korean newspaper said
Incorrect. There is no withholding tax on dividends.
@@@@A few countries do not charge any taxes on dividends paid to foreign investors. So foreign investors receive the entire dividends paid by companies based in those countries. For example, the U.K. charges no taxes on dividends paid by British companies (excluding REITS) to U.S. investors.
A suitable response to neutralize the effect would be to terminate Senator McCain and incite peace protests here in the Land of the Free.
You wouldn't recognize a rainbow or ray of sunshine if it smacked you across the head. Not my problem you choose to live in PermaDoom while the world passes you by.
So what you are saying is there is PermaDoom (aka Hell aka right here right now) and there is Heaven... is that it? Great... glad to get that all sorted out.
Tell that to Moody's
@@@New York, February 27, 2015 -- Moody's today downgraded the ratings of Peabody Energy Corporation (Peabody), including its Corporate Family Rating (CFR) to B2 from Ba3, probability of default rating (PDR) to B2-PD from Ba3-PD, senior secured credit facility rating to Ba3 from Ba2, senior unsecured rating to B3 from Ba3, and the rating on junior subordinated debentures to Caa1 from B2. The company's Speculative Grade Liquidity rating is affirmed at SGL-2. The ratings outlook is negative.RATINGS RATIONALE The downgrade reflects recent deterioration in performance as a result of weak market conditions and our expectation that meaningful recovery is unlikely over the next eighteen months. The company's Debt/ EBITDA, as adjusted, approached 7x in 2014, and we anticipate further deterioration in earnings in 2015. The company's credit profile has been especially impacted by the weak performance of the Australian division as a result of challenging metallurgical coal markets. Although the company's met coal operations continue to benefit from advantageous exchange rates, proximity to key markets in Asia and favorable cost position relative to the US peers, they are unable to generate meaningful EBITDA at current price levels. The negative outlook reflects our expectation that metallurgical coal markets will remain weak over the next eighteen months, with increasing risks to the downside, while the company's Debt/ EBITDA, as adjusted, will continue to track above 7x. A ratings upgrade is unlikely but would be considered if Debt/ EBITDA were to approach 5x, with neutral to mildly positive free cash flows. A further downgrade would be considered if liquidity deteriorated, free cash flows were persistently negative, and/or Debt/ EBITDA exceeded 7x on a sustained basis
Really? I could sworn it was a lot sooner than that ten years ago.
I still have not seen any news out on the Konica-Minolta roll2roll oled lighting fab that was supposed to start volume production by end of 2014. I wonder what the hold up is...