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  • This Blue Chip High Dividend Stock Has Better Times Ahead [View article]
    You're correct 5bandit5
    Apr 2, 2013. 03:42 AM | Likes Like |Link to Comment
  • Contract Driller Ensco Triples Profit, Adds New Builds, Heading For S&P 500 [View article]
    Ensco plc (ESV) announced today that its Board of Directors has declared a regular quarterly cash dividend of US$0.50 per Class A ordinary share payable on 22 March 2013 to holders of Enscos shares as of the 11 March 2013 record date. The prior quarterly dividend was $0.375 per share.

    Chairman, President and Chief Executive Officer Dan Rabun stated, Our strong financial position and positive outlook for future earnings growth supports this increase to our quarterly cash dividend. Contracted revenue backlog is now a record $11 billion. Our active fleet has grown with the commencement of two additional ultra-deepwater rigs this quarter alone. And our fleet will continue to expand as we deliver six new rigs through the end of next year, which we expect will earn favorable day rates and multi-year terms. We continue to have a very bullish outlook in terms of customer demand for both deep- and shallow-water offshore markets. These factors give us significant visibility into future cash flows.

    Mr. Rabun added, Management and the Board believe the new dividend payout is prudent and sustainable. We expect that we will continue to have adequate liquidity to meet capital commitments for our rigs under construction, as well as sufficient flexibility to make new investments and return capital to shareholders.

    Ensco plc brings energy to the world as a global provider of offshore drilling services to the petroleum industry. For more than 25 years, the company has focused on operating safely and exceeding customer expectations. Ensco is ranked #1 for total customer satisfaction with top honors in 10 of 16 categories in the most recent annual survey by EnergyPoint Research. Operating the worlds newest ultra-deepwater fleet and largest fleet of active premium jackups, Ensco has a major presence in the most strategic offshore basins across six continents.
    Feb 26, 2013. 11:03 AM | Likes Like |Link to Comment
  • The Sole Apple-Beater: Samsung Electronics [View article]
    And that's sub-$500 within 11 days..
    Let's see what we get from Cook on Jan 23
    Jan 15, 2013. 10:07 AM | 1 Like Like |Link to Comment
  • The Sole Apple-Beater: Samsung Electronics [View article]
    UPDATE 4-Galaxy phones power Samsung to record $8.3 bln profit
    Tue Jan 8, 2013 8:54am GMT
    * Q4 operating profit estimated at record 8.8 trln won
    * Q4 sales estimated at 56 trln won
    * Analysts predict handset division profit doubled from yr-ago
    * Strong handset pipeline, chip recovery to lift 2013 profit - analysts
    Jan 8, 2013. 09:50 AM | Likes Like |Link to Comment
  • The Sole Apple-Beater: Samsung Electronics [View article]
    "Has the author ever used an iPhone 5? If so, he would not have written such an ignorant statement."

    You talkin' to me? Well, to answer you question. I got a Samsung Note II/N2 (referred to as a phablet, no kidding!..) 7 weeks ago to replace my iP4S, and honestly.. it's an awesome piece of kit! Haven't touched the 4s since, and after watching some HD HBO on the thing I can tell you I'm com-plete-ly sold.

    No iPhone 5 or 5S for me, perhaps I'll have another look when they introduce the 6. I even sold part of my AAPL to reinvest in SMSN.

    So yes, I do have some clue what I'm talking about.. do you? Have you actually used the S3 or N2 for 5 minutes to directly compare

    If AAPL goes below $450 I'll buy some more, otherwise I'm good with what I bought a few years back. Will continue to hold next to SMSN.
    Jan 4, 2013. 12:03 PM | 3 Likes Like |Link to Comment
  • Transocean (RIG +6.2%) shares sustain gains following earlier headlines of a settlement of both civil and criminal charges with the DoJ over the 2010 Deepwater Horizon incident. RIG is expected to pay ~$1.4B; previous SEC disclosure had the company in talks for a $1.5B settlement. RIG has set aside ~$2B to cover pending Deepwater Horizon litigation. BP +1.7%[View news story]
    Agreed, for sure less than some anticipated.

    A good settlement for RIG, the stock should perform well in 2013.
    Jan 4, 2013. 06:26 AM | Likes Like |Link to Comment
  • Apple (AAPL) is taking it on the chin again this morning as chatter about weak iPhone 5 demand in China, and UBS taking its price target on the stock down to $700 from $780 has the shares off 2.2% premarket. [View news story]
    Lenovo Group Ltd Adr

    Thursday, December 6, 6:50 PM Baidu (BIDU) is partnering with Lenovo, now China's #2 smartphone vendor (per IDC), to offer the LePhone A586, a $158 device running on Baidu's Android-based OS. The A586 sports a 4.5" display and dual-core Qualcomm Snapdragon processor, and supports Baidu's cloud services. It's the kind of product Baidu needs to see more of as it works to improve its mobile search share and ad sales, and is also the kind that has fueled Android's Chinese share gains - the 16GB iPhone 5 sells for over 4x as much unlocked.
    Dec 14, 2012. 03:10 PM | Likes Like |Link to Comment
  • Apple (AAPL) is taking it on the chin again this morning as chatter about weak iPhone 5 demand in China, and UBS taking its price target on the stock down to $700 from $780 has the shares off 2.2% premarket. [View news story]
    Samsung and Lenova, one and two in China
    Lenova is growing quickly, also in PCs
    Dec 14, 2012. 08:18 AM | 1 Like Like |Link to Comment
  • The Next Exxon Mobil? Rosneft, The Biggest Oil Company You've Never Heard Of [View article]
    Today's Chicago Tribune, Business section
    Dec 14, 2012. 07:44 AM | Likes Like |Link to Comment
  • The Next Exxon Mobil? Rosneft, The Biggest Oil Company You've Never Heard Of [View article]
    Record date September 21, 2012
    Payout January 29, 2013
    Dec 14, 2012. 07:38 AM | 1 Like Like |Link to Comment
  • John Fredriksen's 10% Dividend Machine: No, Not Seadrill Or Frontline [View article]
    Ship Finance International Limited (SFL) Q3 2012 Earnings Call November 29, 2012 10:00 AM ET

    ..In light of the soft tanker market, there have been some questions from investors relating to our financial exposure on vessels on charter to Frontline. We would like -- therefore, like to take a moment and just give some background for that transaction and those vessels and also illustrate what the financial exposure is.

    The original fleet of 47 vessels was acquired in 2004 and another 5 vessels added in 2005. But after that -- so for the last 7 years, we have only reduced the number of vessels chartered to Frontline and we are now down to 25 vessels after the recent sales. This has been through the sale of the oldest vessels in the fleet, and we do expect this process to continue in an orderly fashion.

    At the same time, we are amortizing down the debt relating to the vessels very quickly and have reduced the financing amount by 60% over a period of only 4 years. Compared to reported scrap value levels, the financial leverage is now only marginally higher than the scrap value of the fleet but the scheduled amortization continues with more than $70 million per year. The graph on the right side illustrates the difference between the loan amount over time and the scrap value of the fleet with the basis of the current scrap price per ton.

    The next refinancing we have relating to these vessels is in 2015, but the refinancing amount is limited to $222 million on a fleet of vessels which was refinanced last time in 2010 at $725 million. So by that time, $500 million will have been paid down on the loans relating to those vessels.

    At the same time, we note that despite the poor market in the third quarter, Frontline reported a strong cash position of $165 million, which was only marginally lower than the $177 million reported at the end of the second quarter.

    We still have a significant portfolio of long-term charters, which is the backbone of our business. Most of our vessels are chartered out on a long-term basis, and we still have closed more -- close to 10 years weighted average charter coverage on our fleet. For full details on a vessel-by-vessel basis, the chartering overview is available by contacting us on email at

    At quarter end, we had $5.4 billion of fixed-rate order backlog, which represents approximately $63 per share after we add -- based on 85 million shares, which we have after the recent equity offering. The EBITDA equivalent backlog is $4.3 billion or around $50 per share. And these numbers include only the reduced base rates from the Frontline vessels and do not include expectations for cash sweep, profit share or rechartering after the end of the current charters that we have in the portfolio.

    We have a total of 16 customers today and more than 40% of the portfolio is with companies with a market cap in excess of $5 billion. If we include all these companies, the percentage is 83%. And in addition, a majority of the backlog in the private segment is with companies with a public rating and therefore where information is easily available both for us but also for our investors so they can assess the quality of our backlog.

    If we look at the average weighted charter tender as indicated on the right side, we see that we have 2/3 of the portfolio still in excess of 10 years and only 2% of the backlog with charters shorter than 5 years.
    Dec 6, 2012. 06:04 AM | Likes Like |Link to Comment
  • Christmas Is Not Saving Microsoft [View article]
    Microsoft is playing the long game like Google did with Android. Apple is slowly beginning to lose ground to Samsung. WM8 will come into full force next year on loads of new tablets and smartphones. MSFT will have a good 2013-2014, no doubt
    Nov 27, 2012. 10:22 AM | 5 Likes Like |Link to Comment
  • Seadrill Looks Attractive With Dividend Yield, Backlog, And New Equipment [View article]
    Finally sold and switched to RIG and ESV again. Revenue and EPS less than anticipated, downtime and costs up more than anticipated. Don't like the Q3 results, but sure as hell don't like them selling the tender rigs. They should keep the eye on the ball instead of focusing on listing of all these dropdown subsidiaries - SDLP, NAD and Seabras. Also less then impressed with the answers provided in the conf call, the CEO stuff, and the move from Norway..
    Nov 27, 2012. 09:45 AM | Likes Like |Link to Comment
  • John Fredriksen's 10% Dividend Machine: No, Not Seadrill Or Frontline [View article]
    Thanks for the info XF,

    Car carriers earned an average of $11,000 a day in 2011, the average rates for this year are already 35% higher at around $15,000 a day, the highest since 2008. Next year's projected rates are another 20% higher to $18,000 in 2013. Those rates apply to 550-foot vessels, capable of hauling 4,000 cars.

    Shipments have risen 10% in 2012, more than twice the fleet’s expansion. The reason these carriers are making the most money since 2008 is simple, record production and increased demand from emerging markets means more cargoes.

    Increasing Asian demand for European luxury cars means that vessels that previously returned to Asia empty after delivering cars to Europe are now picking up more cargoes for the return leg.

    China imported over 51,000 cars a month last year, three times more than in 2009, and European vehicles - VW, BMW, Mercedes, Porsche, Ferrari - account for 73% of that total. Car sales in emerging markets - Eastern Europe, the Middle East, Africa, India, China - continues to grow.

    Seems a sensible move on SFL's part..
    Oct 9, 2012. 11:47 AM | 1 Like Like |Link to Comment
  • John Fredriksen's 10% Dividend Machine: No, Not Seadrill Or Frontline [View article]
    Overnight? He was jailed for nearly four months on a bogus charge!

    "In November 1986, prosecutors charged Fredriksen and several of his senior executives with directing his crews to steal crude from vessels and use it as bunker fuel to power them. They also accused him of defrauding the cargo’s insurer, Oslo-based Gard AS, and endangering the lives of crew members by using crude as a marine fuel. Fredriksen denied the allegations.

    Kristiansen says what appeared to be theft was actually a problem in how the oil was weighed. He says the Iraqis had destroyed the shore tanks at Kharg Island. Crews had to load crude directly into Fredriksen’s tankers without letting it sit for a few days so that sand and sediment could settle before it was shipped. The oil weighed less on delivery because the solids settled during the voyage. They claimed we stole thousands of tons, and it was pure rubbish,” Kristiansen says.

    Fredriksen was locked up in a jail for almost four months pending a trial. He rapidly lost weight and taught himself to knit, producing sweaters for his twin daughters, Kathrine and Cecilie. Fearful his business was doomed, he directed Kristiansen to sell his fleet even though transport rates and ship valuations were rising. The decision cost him $300 million.

    “That used to be a lot of money,” Fredriksen says with a wry smile. He says he paid a fine of 1.5 million kronor ($250,000) five years later to settle the case before trial, and he didn’t admit guilt."
    Oct 7, 2012. 11:33 AM | 2 Likes Like |Link to Comment