Did you buy in at $25???
Ex. Dividend Date 03/11/2014
Dividend Pay Date 03/27/2014
Dividend Rate 0.2300
Bid Exchange NYSE Yield 10.14%
Market Capitalization $2.19B
Definitely some risk. Go to NADLs website and you will see their rigs are nicely positioned. I oil prices continue upward NADL will do great. A lot of buyers are not aware of the great dividend, because it is not listed yet on the yahoo website. The info is readily available on NADLs website. The fact the company is majority owned by Seadrill gives it both credibility and stability. I say buy on the dips and you cant really go wrong.
FRS market cap is 130M. Big Boy Restaurants International LLC is private so their valuation would depend on how much debt they have. Robert G. Liggett Jr. the owner of Big Boy is 70 years old, so I wonder if he might be ready to sell out?
FRS seems well run and has a nice dividend. Big Boy is a well known brand, but it appears Big Boy Restaurants International LLC is in need of some TLC. If nothing else maybe Steak and Shakes could be built in current Big Boy locations?
Big Boy Japan currently has 277 stores that seem to be going strong.
Big Boy Restaurants International LLC is a restaurant chain with its headquarters in Warren, Michigan, in Metro Detroit.
Big Boy is a nostalgic chain that might blossom again if managed well.
Big Boy was started as Bob's Pantry in 1936 by Bob Wian in Glendale, California, USA. The restaurant became known as "Bob's, Home of the Big Boy Hamburger" then as Bob's Big Boy. It became a local chain under that name and nationally under the Big Boy name, franchised by Robert C. Wian Enterprises. Marriott Corporation bought Big Boy in 1967. One of the larger franchise operators, Elias Brothers, purchased the chain from Marriott in 1987, moving the headquarters of the company to Warren, Michigan, and operating it until declaring bankruptcy in 2000. Following the bankruptcy, the chain was sold to investor Robert Liggett, Jr., who took over as Chief Executive Officer (CEO), renamed the company Big Boy Restaurants International and kept the headquarters in Warren. The company is the franchisor for 112 Big Boy restaurants in the United States.
Frisch's: The other Big Boy. Immediately after Liggett's purchase, Liggett Restaurant Enterprises dba Big Boy Restaurants International negotiated an agreement with the other large franchise operator, Frisch's Restaurants transferring to Frisch's exclusive, perpetual ownership of Big Boy marks in Kentucky, Indiana, and most of Ohio and Tennessee, and transferring all other Frisch's territories to Liggett. Big Boy International and Frisch's now are co-registrants of the Big Boy name and trademark. Thus Frisch's is no longer a franchisee but a substantially equal owner which actually operates or licenses even more American Big Boy restaurants than Big Boy Restaurants International. Frisch's is the owner or franchisor of 118 Big Boy restaurants in the United States.[
B closed today at $75.06 and A at $72.94, a difference of $2.12, which seems excessive to me. I know B is much more liquid than A, but is that the only explanation? Back in August A was trading higher than B. Within 50 cents I could see, but $2 seems like a lot.
Something for sure is in the works unless it is a pump and dump operation. Annual meeting is October 2, so maybe we will hear something then.
From their website under dividends.
Dividend policy and history
North Atlantic Drilling has an objective to generate competitive returns to its shareholders. This objective will be supported by frequent distribution of cash dividend. The level of dividend will be guided by earnings expectations, market prospects, current capital expenditure programs as well as investment opportunities.
US$ Cash dividend
per share Cash dividend
per share in NOK Ex dividend date Payable date
4Q 2012 0.225 - Mar 7, 2013 Mar 22, 2013
3Q 2012 0.225 1.26 Dec 4, 2012 Dec 21, 2012
2Q 2012* 0.045 0.26 Sep 4, 2012 Sep 20, 2012
1Q 2012* 0.045 0.27 May 22, 2012 Jun 7, 2012
4Q 2011* 0.045 0.25 Mar 8, 2012 Mar 23, 2012
3Q 2011* 0.04 0.23 Dec 8, 2011 Dec 21, 2011
2Q 2011* 0.035 0.19 Sep 6, 2011 Sep 20, 2011
*) Dividend was announced and paid before the five shares for one share consolidation, which was effective from November 21, 2012
NADL - North Atlantic Drilling Ltd. files for initial public offering
Hamilton, Bermuda, December 12, 2012 - North Atlantic Drilling Ltd. (NADL) announced today that it filed its registration statements with the US Securities and Exchange Commission (SEC) on Tuesday, December 11, 2012. The initial public offering of NADL's common shares and an exchange offer to exchange existing unregistered shares for SEC-registered shares are expected to commence after the SEC completes its review process. NADL has applied to list its common shares on The New York Stock Exchange under the symbol "NADL".
Morgan Stanley will act as the Global Coordinator and Lead Bookrunner of the offering.
The offering of the common shares will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 will be made available when the SEC has completed its review process.
Registration statements relating to these securities have been filed with the SEC but have not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statements become effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities issuable pursuant to the registration statements, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The statements in this press release that are not historical facts may be forward-looking statements. Such forward looking statements, based upon the current beliefs and expectations of NADL's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The information set forth herein should be read in light of such risks. NADL does not assume any obligation to update the information contained in this press release.
It is going to be interesting to watch this process!
There should be a reverse split coming 5:1 at or before the time of a US listing.
Minutes from the 2012 Annual General Meeting - Hamilton , Bermuda, September 21, 2012
That the Company's Board of Directors, at their discretion, may ( a ) effect the consolidation of the Company's shares by consolidating the fully paid shares of US$1.00 par value into fully paid shares of US$5.00 (Five United States Dollars) par value and ( b ) effect the purchase by the Company for cancellation of all of the shares of the Company of US$1.00 par value not consolidated into shares of par value US$5.00 each pursuant to the foregoing consolidation for a cash payment equal to the closing price per share of the Company's shares on the NOTC system at the time of consolidation.
NADL - North Atlantic Drilling Ltd. submits its initial registration statement to the SEC
Hamilton, Bermuda, October 29, 2012 - North Atlantic Drilling Ltd. (NADL) announced today that it confidentially submitted its first draft registration statement to the US Securities and Exchange Commission (SEC) on Friday, October 26, 2012. The initial public offering of NADL's common shares is expected to commence after the SEC completes its review process.
This announcement is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
I like the streamlining as well. The Big Boy restaurants seem very well run and are always busy. I see a lot of elderly customers as well as families with young children. My kids absolutely LOVE the place and we always feel welcome with kids there. I also find the wait staff friendly and responsive, so FRS must be doing something right!
How much will the stock price drop on September 17? The trading day prior to the dividend being announced the FRS closed at 25.85. Closing price this past Friday was 32.75. So far the stock is up 6.90. Will it go lower than 25.85 and if so how much? Any guesses? :) This is going to be fun to watch. Very smart move putting out the special dividend before tax rates increase.
For material special dividends, the rules of the New York Stock Exchange require the ex-dividend date to be one business day after the payment date. Accordingly, the ex-dividend date has been set for Monday, September 17, 2012. Shares of the Company's stock will trade with "due-bills" beginning August 29, 2012 (two business days prior to the record date) through the September 14, 2012 payment date. Shareholders who sell their shares before the payment date will not be entitled to receive the special cash dividend from the Company.
Nestle already has Maggi which does not have much presence in the US. MKC would fit nicely into that puzzle.
Maybe and acquisition target for Buffett? :) 62.97 * 1.18 = 74.31 which values the company at 9.77B It is fun to dream!