Seeking Alpha

Clemens Scholl

View as an RSS Feed
View Clemens Scholl's Comments BY TICKER:
Latest  |  Highest rated
  • MFC Industrial's CEO Discusses Q4 2013 Results - Earnings Call Transcript [View article]
    I couldn't help but laugh out loud when I heard Mr Smith musing about the corporate governance improvements and how he believes reversing the shareholder-unfriendly measures he himself just put in place a few months earlier is a great thing. Peter Kellogg, who just a few weeks ago was a "serial violator of securities laws" and "improperly and unlawfully trying to take control" is now "a very good sign" and " his people have helped us in many ways and we respect that and look forward to working with him in the future".
    Judging from the length of the call and the benign questions most people seem to have lost interest in this opaque outfit.
    Apr 1 01:35 AM | 2 Likes Like |Link to Comment
  • Knightsbridge Tankers, Frontline And Karpasia Deal - Who Wins Out? [View article]
    FRNT is not FRO but this was already pointed out.
    VLCCF is the "cape yield" entity promised by JF we have all been waiting for. It's been a long transformation but it now is a done deal.
    Interestingly, the stock did NOT "spike" on the news but only one day later.
    I bought heavily into VLCCF as soon as the news broke and was suprised I could get in at virtually the same price as before the news. Only in the subsequent days did the stock rally some 30% or so.
    The reason to buy is very simple: after the deal JF will control 30% of the company, while he didn't touch it before. If JF thinks it's time, you should listen.
    We should expect nice dividends from VLCCF for the next years. The total return over the next few years will probably be well over 100%.
    Mar 18 06:18 PM | 1 Like Like |Link to Comment
  • Which Japanese Gas Utility Is the Best Buy? [View article]
    Nippon Gas (Nichigas) will consolidate all its subsidiaries soon, a move investors are clearly satisfied with. The new consolidated company should be an interesting investment.

    "NIPPON GAS CO LTD, HIGASHINIHON GAS CORP and SHINNIHON GAS CORP:Says NIPPON GAS CO LTD will fully acquire HIGASHINIHON GAS CORP, SHINNIHON GAS CORP, TOSAI GAS, Inc. and Kitanihon Gas Co, Ltd through stock swap, effective Mar. 7, 2014.Says one share of HIGASHINIHON will be exchanged for 0.34 shares of NIPPON GAS, one share of SHINNIHON GAS will be exchanged for 0.40 shares of NIPPON GAS, one share of TOSAI GAS for 2.80 shares of NIPPON GAS and one share of Kitanihon Gas for 1.86 shares of NIPPON GAS.Says NIPPON GAS will pay 4,685,886 shares for the transaction.Says HIGASHINIHON GAS and SHINNIHON GAS will be delisted from Tokyo Stock Exchange on Mar. 4, 2014. "
    Feb 24 02:19 AM | Likes Like |Link to Comment
  • Where Glencore Xstrata Leads, Anglo American And Others Follow [View article]
    This looks like the latest "me too" attempt of Anglo, which will most probably result in damage comparable to the other recent "strategies".
    Even the Oppenheimers have abandoned ship after Cynthia C's disastrous management.
    Selling the so-called "non-core-assets" acquired over centuries that added nice diversification to Anglo, and betting huge on iron and coal (the lastest fashion in the 2003-2008 era) was a major mistake.
    Taking on Glencore, Trafigura etc head-on with zero experience does not sound like a great idea.
    Feb 7 04:59 AM | Likes Like |Link to Comment
  • Which Japanese Gas Utility Is the Best Buy? [View article]
    Otaki gas (9541) and Kanto Natural Gas development (1661) have merged to become K&O Energy group (1663).
    Jan 22 01:23 AM | Likes Like |Link to Comment
  • Celesio: An Undervalued Drug Wholesaler That Could Double in Price [View article]
    There's a high probability that the interested parties will work something out. Both McKesson and Elliott should be interested in the deal going through. I think the current share price reflects that expectation. So I'd say hold, if you have the shares.
    Jan 16 04:41 PM | Likes Like |Link to Comment
  • Celesio: An Undervalued Drug Wholesaler That Could Double in Price [View article]
    after Elliott pressured for a higher price,
    McKesson raised the offer price,
    and Elliott agreed to tender 2/3 of its shares,
    McKesson did not reach the 75% threshold at the deadline.
    The deal has (for now, at least) failed.
    http://bloom.bg/KYVZbN
    Jan 14 05:56 AM | 2 Likes Like |Link to Comment
  • This Company Is The Best Bet On A Recovering Tanker Market - But This Is The Key To Unlock Value [View article]
    nearly one billion $$ for the whole Maersk VLCC fleet ... holy moly what a huge deal !
    http://bit.ly/1klCpXi
    Jan 6 05:24 AM | 1 Like Like |Link to Comment
  • MFC Industrial: Will Peter Kellogg's Recent Shareholder Activism Unlock Shareholder Value? [View article]
    I don't see any "proof" that IAT would have a liquidity problem. I really doubt this is the case.
    Dec 17 03:30 PM | Likes Like |Link to Comment
  • MFC Industrial: Will Peter Kellogg's Recent Shareholder Activism Unlock Shareholder Value? [View article]
    What is this "document"?
    I am unable to access it.
    Dec 17 08:35 AM | 1 Like Like |Link to Comment
  • MFC Industrial: Will Peter Kellogg's Recent Shareholder Activism Unlock Shareholder Value? [View article]
    my conclusions are similar. There are quite a few indications this is some kind of charade.
    Dec 13 05:12 AM | 1 Like Like |Link to Comment
  • Contrarian M&A: A Deal That Falls Apart For The Right Reasons Is A Good Deal To Buy [View instapost]
    Reading today's headlines on the ADM/Graincorp fallout I couldn't help but remember your musings on MISC.
    So in your opinion is Graincorp a "deal to buy"?
    22% down it may be back at attractive levels, now that the arbitrageurs have been caught on the wrong foot.
    Nov 29 01:00 AM | Likes Like |Link to Comment
  • Brazil Fast Food Company Take Private Offer Voted Down By Shareholders [View article]
    Duff&Phelps is really a joke in my opinion. I recently ran into them because they did the valuation in the amalgamation of Reply Deutschland AG with Reply SpA (Italy) and their "valuation" of the company was a slap in the face of Reply AG shareholders. Lawsuits are pending.
    Their "fairness opinion" on Pfleiderer AG in the insolvency case was also laughable.
    Nov 28 09:27 AM | 1 Like Like |Link to Comment
  • MFC Industrial: Misunderstood And Undervalued With 45% Upside Potential [View article]
    what is "nice" about this lawsuit?
    It is a waste of time and shareholder money.
    By the way, here is the full text:
    http://1.usa.gov/17YTQHx
    The case is rather weak in my opinion, especially since there is absolutely no evidence that Kellogg increased his stake by more than 0.5% during 2003-2007, which is really the only "accusation".
    I don't think Kellogg's director nominees can do any worse than the current ones.
    Nov 28 09:15 AM | Likes Like |Link to Comment
  • MFC Responds To Serial Violator Of Securities Laws Seeking To Unlawfully Seize Control [View article]
    "Serial Violator Of Securities Laws"
    Sounds like the pot calling the kettle black.

    Shareholders have long called for more disclosure and transparency from MFC and they have been ignored and lied to.
    It's positive that some are beginning to rebel against Smith's autocracy. However, it is concerning to see the *going berserk* reaction from Smith which does not strike me as very wise.
    I'm still not fully convinced that Kellogg's actions are as pure as he claims, especially taking into account the concerted sale (with Smith!) of KHD shares to AVIC which is currently running.
    How can they work together in the KHD deal, yet slander each other in public? Is it all a show?
    Nov 27 01:44 PM | Likes Like |Link to Comment
COMMENTS STATS
613 Comments
750 Likes