Seeking Alpha
View as an RSS Feed

Dhierin Bechai  

View Dhierin Bechai's Comments BY TICKER:
Latest  |  Highest rated
  • ING: At Least 10% Upside Potential And A 7.5% Dividend Yield Is Coming [View article]
    Thank you for reading. The main reason is the mixed macro economic figures that have been released recently. On the 7th of May Zacks has released a bearish note, since that time the stock climbed another 6%.

    In my view ING remains one of the top investments within the Euoprean banking sector.
    May 22, 2015. 08:18 AM | Likes Like |Link to Comment
  • Low Oil Prices And Discounts Are Providing Tailwind To The Boeing 777 [View article]
    Thank you for your thoughtful comment.
    I do think that Boeing had a higher (than usual) discount in mind, but they claim they are not giving out higher discounts. Since Boeing does not share a lot of information regarding their commercial aircraft sales or the Boeing 777 program (or any program for that matter), we can only guess....
    The second question is a bit a long to fully elaborate on. First of all the reason oil prices are low is, because the oil in the Gulf region can be pumped up at low costs while for instance shale oil production is a cost intensive process. So the low oil prices are hurting shale oil producers more than the oil production in the Gulf region. You could say the Gulf region is protecting its own production. They will say low oil prices are a good thing and that they want to increase market share, but the real purpose is to destroy shale oil production and after that prices will increase again and the Gulf region will gain significantly from it.
    Your question about the influence of changing oil prices is actually worthy of an analysis, so I will try to make a small write up about that. Included will be the B777, A350 and B777X and analysis on when the Boeing 777 is operating at the same level of the A350/B777X.
    The A350 is a nice aircraft that is significantly better than the Boeing 777, but it is hurtful to Airbus that Boeing already has its response to the A350 by 2020. Probably if Airbus would have landed less money into the A380 project they would have had more funds available for other aircraft development.
    May 22, 2015. 08:06 AM | Likes Like |Link to Comment
  • Boeing: 5% Performance Shortfall Puts 737 MAX In A Difficult Position (Part 1) [View article]
    Yup, my sincere apologies.
    May 21, 2015. 01:34 PM | Likes Like |Link to Comment
  • Low Oil Prices And Discounts Are Providing Tailwind To The Boeing 777 [View article]
    Thank you for reading. Price multiple is actually quite a nice measure to see whether stock prices are justified or not (also from the P/E history), but for a company like Boeing that has a good track record of beating analyst estimates and is actively trying to return value to shareholders FCF is a far more interesting measure to eyeball. The higher the FCF the more money is available to buy back and increase dividends.

    Lately the FCF has been disappointing, which is also the reason for lower stock prices in the past quarter. So investors use a P/E multiple, but closely eyeball the FCF.
    May 21, 2015. 11:00 AM | 2 Likes Like |Link to Comment
  • Boeing: Long-Term Winner, But There Are Short-Term Risks Ahead [View article]
    The Ex-Im bank 'risk' is one that is returning since last year July I think. It can have a negative impact but it could push jobs overseas as well (in a quest to find financial support in other countries). I do think one way or another they will find a way to keep this financing aid going.
    May 20, 2015. 09:19 AM | Likes Like |Link to Comment
  • Boeing: Long-Term Winner, But There Are Short-Term Risks Ahead [View article]
    Agreed. War and political tension aren't nice things but it surely does help Boeing gettings orders.
    May 19, 2015. 05:36 PM | Likes Like |Link to Comment
  • Boeing: Are Low Oil Prices Providing A Tailwind To The 777 Instead Of The 787? (Part 1) [View article]
    You got a very fair point there, Joe.
    May 14, 2015. 03:12 PM | Likes Like |Link to Comment
  • Boeing: Are Low Oil Prices Providing A Tailwind To The 777 Instead Of The 787? (Part 1) [View article]
    Premium Economy (or not)... it all depends on traveler's preference. United for example (on the 787) has a premium economy class that is much more comfortable. More legroom really increased your comfort. I don't think it is reasonable to compare the luxury that we have now with the luxury that you had years ago.
    May 14, 2015. 01:34 PM | Likes Like |Link to Comment
  • Boeing: Are Low Oil Prices Providing A Tailwind To The 777 Instead Of The 787? (Part 1) [View article]
    Disagreeing with Boeing? If you fuel burn figures for the Boeing 787-9 published by Boeing please point me towards them.... As far as I know Boeing has always mentioned they won't release those figures.

    Where do you read it burns less on a 6,000 nmi mission?
    May 13, 2015. 02:01 PM | Likes Like |Link to Comment
  • Boeing: Are Low Oil Prices Providing A Tailwind To The 777 Instead Of The 787? (Part 2) [View article]
    There are indeed many factors involved. I think with the projection of future oil prices, the Boeing 777 is a very nice buy and can be used on high demand routes. In future articles I will try to implement costs such as (cabin) crew costs as well.
    May 13, 2015. 11:27 AM | Likes Like |Link to Comment
  • Boeing: Are Low Oil Prices Providing A Tailwind To The 777 Instead Of The 787? (Part 1) [View article]
    I think we just have to disagree here then, longer route simply means more fuel -> higher fuel weight -> more fuel needed to carry that fuel.
    May 13, 2015. 11:05 AM | Likes Like |Link to Comment
  • Boeing: Are Low Oil Prices Providing A Tailwind To The 777 Instead Of The 787? (Part 1) [View article]
    It will change once more and more people will pay for premium economy, if they do so premium economy will become the standard.
    May 13, 2015. 10:55 AM | Likes Like |Link to Comment
  • Boeing: Are Low Oil Prices Providing A Tailwind To The 777 Instead Of The 787? (Part 1) [View article]
    I don't claim full accuracy for the model I use, but seat count and stage length really do matter. If I use a 6,000 nm stage length fuel consumption is about 2.83 L per 100 passenger-km (excluding luggage), including 30 kg of luggage it becomes 2.98. (Your figure was 2.84)
    For the Boeing 787-9 with 304 seats on a 4,972 nm flight I get a figure of 2.38 including lugagge, excluding luggage it is 2.25 L. (Your figure was 2.37).

    The numbers seem pretty close and my model even indicates lower fuel burn figures.

    Hope this gives some insight?
    May 12, 2015. 06:59 PM | Likes Like |Link to Comment
  • Boeing: Are Low Oil Prices Providing A Tailwind To The 777 Instead Of The 787? (Part 1) [View article]
    Thank you for reading, supernova.
    They are based on one way trip. If you want to I can take a round trip and divide it by 2.
    May 12, 2015. 06:09 PM | Likes Like |Link to Comment
  • Boeing: Are Low Oil Prices Providing A Tailwind To The 777 Instead Of The 787? (Part 1) [View article]
    If it bothers you that much I will rename it in my next articles. I changed the weight fractions by 3-4% to better reflect weight fractions for modern aircraft.
    On the other hand keep in mind that each particular trip distance has its own fuel consumption figure. The figure you state for the 787-9 is for a 3,350 nmi mission with 304 seats.
    May 12, 2015. 02:03 PM | Likes Like |Link to Comment
COMMENTS STATS
482 Comments
186 Likes