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Clemens Scholl

 
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  • E.On To Spin Off Fossil Fuel Business [View article]
    "(...) the Russian nuclear plant which must have a long life ahead"
    There is no russian nuclear power plant in E.ON's portfolio.
    Do you think Russia would let a foreign company run an NPP? Rosatom (Energoatom) has the monopoly on NPPs in Russia.
    http://bit.ly/12zsQNE
    All the power plants of E.ON Russia are coal or gas plants. E.ON Russia stock http://bit.ly/12zsQNI
    is actually not bad at all, up 550% since 2009, and even up nearly 5% ytd and paying a nice dividend. They are way ahead of all the other state-controlled utilities which are terribly inefficient and suffer from asset stripping/stealing.
    Dec 4, 2014. 08:16 AM | Likes Like |Link to Comment
  • Bayer: Corporate 'Transformer' [View article]
    Bayer has a quality/production problem with Xofigo and has been unable to deliver it for over a month now.
    http://bit.ly/1x30fdp
    Nov 4, 2014. 06:08 AM | Likes Like |Link to Comment
  • 4 Reasons Cliffs Natural Resources Bottomed This Time [View article]
    http://bit.ly/1E5OUwt
    Oct 30, 2014. 12:04 PM | 4 Likes Like |Link to Comment
  • Knightsbridge Shipping, Ltd. - A Compelling Arbitrage And Share Repurchase Story [View article]
    ok, here you go:
    1) 15.06.2010 at 14:26CET
    Investment in Knightsbridge Tankers Limited through sale of vessel
    http://bit.ly/1wsmMA7
    2) 27.09.2010 at 22:08CET
    Increased investment in Knightsbridge Tankers Limited through sale of vessel
    http://bit.ly/1wsmMA9
    3) 14.03.2012 at 08:03CET
    Sale of common shares in Knightsbridge Tankers Limited
    http://bit.ly/1wsmMAb

    I have followed the companies very closely for nearly a decade so I know that I'm not making stuff up.
    Oct 25, 2014. 08:11 PM | 2 Likes Like |Link to Comment
  • Knightsbridge Shipping, Ltd. - A Compelling Arbitrage And Share Repurchase Story [View article]
    please define "the public".
    Frontline 2012 and Golden Ocean have shareholders, too...
    also, the ships are not really being "flipped" (by JF himself, for cash), just put into another entity (by Frontline 2012, a public company) in exchange for shares, and this entity (Knightsbridge) will consist essentially of these assets.
    Oct 25, 2014. 09:34 AM | 2 Likes Like |Link to Comment
  • Knightsbridge Shipping, Ltd. - A Compelling Arbitrage And Share Repurchase Story [View article]
    Marine Harvest,
    you are confused or you misunderstood me.
    VLCCF *DID* buy vessels from Golden Ocean in exchange for shares. Golden Ocean had something like a 10-20% stake in VLCCF (I don't remember the exact number) but they sold it down on the open market. That was one or two years ago.
    I am well aware of what is currently planned and how the merger will be arranged.
    Oct 24, 2014. 02:11 PM | 1 Like Like |Link to Comment
  • Cliffs Natural Resources Preferred: A 10% Return [View article]
    "I am pretty sure that the last chapter has yet to be written here."

    the last chapter is usually the eleventh.
    Oct 24, 2014. 01:44 AM | Likes Like |Link to Comment
  • Knightsbridge Shipping, Ltd. - A Compelling Arbitrage And Share Repurchase Story [View article]
    As a reminder, they have been quite careful about the timing.
    VLCCF has for a long string of quarters announced their "looking at options" while selling off the tankers.
    Then there was a first "toe-dipping" as they bought some ships from Golden Ocean in exchange for shares. It seems this was too early, Golden Ocean sold their VLCCF stake. I don't think the fact that they are going "all in" now is a sign of impatience, they probably think the timing is right. They may have missed the perfect time by a few months (hence the large decline in share price), but on a larger timescale it will probably be insignificant.
    Some big changes are going on in the JF group. It looks like FRNT is the centerpiece - it will probably merge with FRO, and we'll have FRO 2.0 - spinning off stakes in gas tankers, product tankers and the "new" Golden Ocean (and a lot of dividends along the way).
    Oct 24, 2014. 01:37 AM | 2 Likes Like |Link to Comment
  • Orascom: Separation Of Fertilizer And Construction Business Presents A Spin-off Opportunity [View article]
    nearly 3 years later, the demerger is once again on the agenda:
    http://bloom.bg/1qi1kw7
    (this time through an IPO in Egypt...)
    Sep 1, 2014. 01:58 AM | Likes Like |Link to Comment
  • Geothermal Power Producers - Lowest Levelized Cost, Base Load Compatible And A 100-Year History [View article]
    interesting that the radioactivity issue isn't mentioned. It is conveniently ignored in most publications or conferences dealing with geothermal. Probably many people in the industry are not even aware of the issue, which makes it quite dangerous for the workers.
    Aug 28, 2014. 01:11 AM | Likes Like |Link to Comment
  • Geothermal Power Producers - Lowest Levelized Cost, Base Load Compatible And A 100-Year History [View article]
    Geothermal energy produces a substantial amount of radioactive waste. (see e.g. http://1.usa.gov/1p8hwuT). If generation is strongly expanded, I expect this will cause a significant radiation protection problem - not necessarily for the workers at the plant (although individual exposures can be quite high if not handled correctly, the dose rates can reach >10µSv/h close to the heat exchangers and internal exposure can be a problem if the workers have no protective gear when cleaning the pipes from scales) then for the disposal of that waste. The scales have high concentration in Radium (Ra-226+,228+), Thorium (Th-228+) and Pb-210++, you can't pile this up indefinitely, and Radon emissions will also be a problem (Nr. 2 cause of lung cancer, after smoking).
    You can avoid the problem by having closed water circuits, but this significantly reduces the efficiency of these plants and is only suitable for smaller operations (e.g. heating for individual houses).
    Aug 27, 2014. 08:59 AM | 1 Like Like |Link to Comment
  • MFC Industrial's (MIL) CEO Michael Smith on Q1 2014 Results - Earnings Call Transcript [View article]
    "...from time-to-time maybe giving banks some money"

    It's supposed to be written as "from time to time maybe giving BACK some money". It was badly transcribed.
    Aug 16, 2014. 10:15 AM | 1 Like Like |Link to Comment
  • Chaoda Modern Agriculture: A Green Giant for the Price of a Dwarf? [View article]
    The "results" they show in their release are disastrous and clearly show that there must have been some 'creative accounting' over the years. Blaming the issues around the trading suspension for the bad results is the silliest excuse ever.
    With the next auditor resigning, I have little hope that there is any profitable business left. Maybe they can come clean and turn it around, but it's a long shot.
    Aug 6, 2014. 02:00 AM | 1 Like Like |Link to Comment
  • CLP Holdings: 4.1% Yield Limits Potential Downside [View article]
    I highly recommend the "managing asia" episode with Andrew Brandler (CEO of CLP) on CNBC.
    Jul 7, 2014. 02:14 PM | Likes Like |Link to Comment
  • A Special Situation Investment: Orascom Construction Industries [View article]
    you're probably looking at the wrong website: http://www.ocinv.nl is the right one.
    Jun 3, 2014. 06:12 AM | Likes Like |Link to Comment
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