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  • BHP full-year profit plunges, cuts forecast for Chinese steel demand [View news story]
    Not going to happen, and also not necessary frankly given BHP's strong balance sheet. They haven't cut their dividend since 1988, and did not even re-base it after the South32 spin-off in May.

    They're 100% committed to maintaining and steadily increasing the dividend over time. BHP is the world's largest miner after all, not just any company..
    Aug 25, 2015. 10:47 AM | 3 Likes Like |Link to Comment
  • BHP full-year profit plunges, cuts forecast for Chinese steel demand [View news story]
    During the last five years until 09/2014 this juggernaut was trading between $60-$80, and due to the collapse in commodity prices BHP ADR's are now hovering around the low $30's like commodities will never recover again. But of course they will after excess capacity from weaker players is dealt the final blow..

    You can only thank this irrational market and especially investors selling in pure panic all last week and yesterday for these rare opportunities, to accumulate positions in well-regarded companies like for example Shell or BHP, both for their present low valuation metrics and high current dividend yields.
    Aug 25, 2015. 10:23 AM | 6 Likes Like |Link to Comment
  • Shell's Arctic drilling plan too risky, ex-BP boss Browne says [View news story]
    Despite more extensive media coverage, as it now concerns U.S. Artic waters, Shell is doing the same thing in Alaska as the Rosneft-ExxonMobil partnership has already done and will continue to do in the Kara Sea, the Russian Artic.. Fun fact, BP is 19.75% shareholder in Rosneft
    Aug 12, 2015. 05:59 PM | 8 Likes Like |Link to Comment
  • Transocean Partners Q2 2015 Preview [View article]
    RIGP is my preffered choice in this industry as well for the reasons you detailed. Next to longtime holding SFL the only exposure currently to offshore assets. Both still buy-and-holds for valuation & yield imo. Thanks for another good article
    Jul 27, 2015. 05:40 PM | Likes Like |Link to Comment
  • Why I Prefer Surgutneftegaz Preferred Over Common Stock? Its 21% Dividend Yield [View article]
    It's important to keep the bigger picture in mind. On ex-date the share price is always adjusted for the gross dividend payment. This ADR is primarily a dividend stock you buy and hold for its net income, the amount you actually receive cash in your account after taxes and dividend fees.

    During the last five years, including this year, you will have received $3.0076 in net dividend for each ADR. During the last decade dividend payments amounted to $12.1712 in net income + a stock distribution, and since time of listing SGTPY has paid a total of $15.6367 to its ADR holders + a stock distribution.
    Jul 15, 2015. 10:07 AM | 3 Likes Like |Link to Comment
  • Why I Prefer Surgutneftegaz Preferred Over Common Stock? Its 21% Dividend Yield [View article]
    June 2, 2015
    To: Holders of Surgutneftegaz - Pref
    Re: Cash Dividend - Approximate Rate

    Security Name: Surgutneftegaz - Pref
    Country of Incorporation: RUSSIA
    CUSIP: 868861105

    Ratio (Local Shares:ADR): 10:1
    Record Date: Jul 16, 2015, Jul 16, 2015
    Payable Date: TBD, TBD
    Foreign Exchange Rate: 53.4775
    Yearly Payment: Taxable RUB8.21

    Gross Dividend Local Shares: RUB8.21
    Gross Dividend ADR: USD1.535225

    Dividend Fee: USD0.02
    Service Fee: USD0.02
    Withholding Rate: 15.00% USD0.230284

    Net Dividend Rate ADR: USD1.264941

    Tax Relief Fee (if applicable): USD 0.005

    http://bit.ly/1Iy3m5L
    Jun 8, 2015. 10:01 AM | 2 Likes Like |Link to Comment
  • Why I Prefer Surgutneftegaz Preferred Over Common Stock? Its 21% Dividend Yield [View article]
    DATA ON THE COMPANY’S CHARTER CAPITAL
    The charter capital value is (RUR): 43,427,992,940;

    Structure of the charter capital by categories of shares:
    Ordinary shares:
    - total nominal value (RUR): 35,725,994,705
    - share in the charter capital: 82.26%

    Preferred shares:
    - total nominal value (RUR): 7,701,998,235
    - share in the charter capital: 17.73%

    According to the Company’s Registrar the number of shareholders of OJSC “Surgutneftegas” is 33,570 as of September 30, 2014.

    http://bit.ly/Ovzj1k
    Jun 7, 2015. 11:18 AM | 3 Likes Like |Link to Comment
  • Why I Prefer Surgutneftegaz Preferred Over Common Stock? Its 21% Dividend Yield [View article]
    pages.stern.nyu.edu/~j...
    Jun 7, 2015. 11:06 AM | 1 Like Like |Link to Comment
  • Why I Prefer Surgutneftegaz Preferred Over Common Stock? Its 21% Dividend Yield [View article]
    Russian common shares, similar to common or ordinary shares in other countries, give shareholders the right to vote at shareholder meetings and receive dividends, plus a general claim over a company's assets in the case of liquidation. Russian preferred shares differ from Western preferred.

    Under the charters of most Russian companies, dividends on preferred may not be less than those paid on common shares. Many companies, including Surgut, have a provision stipulating that the preferred dividend for a given year should represent 10% of net profits for the relevant year, while the common dividend is usually not defined and is fully at the management's
    discretion.

    This is quite different from US preferred shares whose dividends are usually
    capped by the stated dividend yield and whose dividends can be substantially below those on common shares.

    http://bit.ly/w4jRpw~jmei/Mei2003.pdf
    Jun 7, 2015. 11:03 AM | 5 Likes Like |Link to Comment
  • Why I Prefer Surgutneftegaz Preferred Over Common Stock? Its 21% Dividend Yield [View article]
    Hi Baron,

    The information on Google Finance is incorrect, all the information can be found on the Surgut-Pref BNY Mellon ADR website linked in the article.
    Jun 5, 2015. 04:08 PM | 7 Likes Like |Link to Comment
  • Why I Prefer Surgutneftegaz Preferred Over Common Stock? Its 21% Dividend Yield [View article]
    Hi Erich,

    I included a link in the last section of the article to the BNY Mellon ADR website, here it is: http://bit.ly/1eTLW6Q

    The Surgut-Pref ADR has been paying dividend every year since 2000, here are the payments made:

    Symbol: SGTPY | DR Exchange: OTC | CUSIP: 868861105 Go to DR Profile
    TBA = To Be Announced
    US Record Date US Payable Date Dividend Type Net DR Amt Cash in Lieu Rate Stock Distribution Rate Status
    Jul 16, 2015 TBA Cash 1.2649 0.0000 0.0000 Apprx
    Jul 16, 2014 Aug 13, 2014 Cash 0.5438 0.0000 0.0000 Final
    May 15, 2013 Sep 09, 2013 Cash 0.3385 0.0000 0.0000 Final
    May 14, 2012 Sep 07, 2012 Cash 0.5339 0.0000 0.0000 Final
    May 13, 2011 Sep 06, 2011 Cash 0.3265 0.0000 0.0000 Final
    May 14, 2010 Sep 07, 2010 Cash 0.2680 0.0000 0.0000 Final
    May 15, 2009 Sep 08, 2009 Cash 0.3337 0.0000 0.0000 Final
    Apr 15, 2008 Apr 17, 2008 Stock 0.0000 0.0000 9.0000 Final
    Apr 04, 2008 Jul 11, 2008 Cash 2.9468 0.0000 0.0000 Final
    Mar 16, 2007 Jul 16, 2007 Cash 2.3210 0.0000 0.0000 Final
    Apr 11, 2006 Jul 17, 2006 Cash 3.2941 0.0000 0.0000 Final
    Apr 01, 2005 Jul 11, 2005 Cash 1.7694 0.0000 0.0000 Final
    Mar 03, 2004 Jun 01, 2004 Cash 0.4486 0.0000 0.0000 Final
    Mar 06, 2003 May 30, 2003 Cash 0.2440 0.0000 0.0000 Final
    Mar 05, 2002 Oct 25, 2002 Cash 0.2480 0.0000 0.0000 Final
    Apr 11, 2001 Dec 07, 2001 Cash 0.4905 0.0000 0.0000 Final
    May 12, 2000 Dec 29, 2000 Cash 0.2411 0.0000 0.0000 Final
    Apr 21, 1999 Jan 28, 2000 Cash 0.0239 0.0000 0.0000 Final
    Jun 5, 2015. 04:05 PM | 8 Likes Like |Link to Comment
  • BHP Billiton: No Spin-Off Boost As South32 Starts Trading As A Standalone Company [View article]
    One pound sterling is 100 pence..
    S32 share price of 108 pence on LSE = 1 pound 8 pence = approximately $1.70
    May 19, 2015. 03:04 AM | 5 Likes Like |Link to Comment
  • BHP Billiton: No Spin-Off Boost As South32 Starts Trading As A Standalone Company [View article]
    Corporate Action Announcement

    Citibank, N.A., acting as sponsored depositary bank, announces the following:

    Date: May 7, 2015 Status: Final
    Announcement For: Demerger (Spin-off)
    Company Name: BHP Billiton Limited

    Security Information
    Ticker Symbol: BHP
    CUSIP: 088606108
    Country: AU
    Exchange: NYSE
    Ratio (ADR:ORD): 1 : 2
    Ordinary Ticker: BHP AU
    DTC Eligible: Yes
    Ordinary ISIN: AU000000BHP4
    DR ISIN: US0886061086
    Custodian: CITICORP NOMINEES PTY LIMITED

    Announcement
    Citibank N.A. has been informed by BHP Billiton Limited that the Company has received shareholder approval to proceed with the Demerger of South32 from BHP Billiton Limited. BHP Billiton ADR holders will be entitled to receive .4 new South32 Limited American Depositary Share (“ADS”) for every one (1) BHP Billiton Limited ADSs held at the record date of May 20, 2015.

    The Demerger is subject to conditions which are summarized in Section 7.1 of the Shareholder Circular that can be found on the BHP Billiton Limited website at:
    http://bit.ly/1AbYkJ6

    Please see below for additional pertinent details:

    DR Record Date: May 20, 2015
    DR Payable Date: May 29, 2015

    Distribution Rate: .4 new South32 Limited ADS (CUSIP# 84473L 105) for every 1 BHP Billiton Limited ADS (CUSIP# 088606108) held.

    Each South32 Limited ADS will represent 5 South32 Limited ordinary share.

    We understand FINRA will announce “when-issued” trading of South32 ADSs beginning on May 18 through May 29.

    ADR books will be closed for issuance and cancellation of BHP Billiton LTD ADSs from close of business on May 15, 2015 through May 21, 2015.

    Cash-in-Lieu rate will be announced upon sale of fractions.

    In accordance with section 5.9 of the BHP Billiton Limited Deposit Agreement, Citibank will charge a distribution fee of $0.05 per each BHP ADS held as of the record date.

    Shareholder Services
    Questions may be directed to Shareholder Services toll free at 1-877-248-4237.
    For more information about Citi’s Depositary Receipt Services please visit http://www.citi.com/dr.
    May 19, 2015. 02:54 AM | 7 Likes Like |Link to Comment
  • Petrobras turns lower after early gains, Goldman downgrades to Sell [View news story]
    That price target gave me the best laugh all day.. thanks GS!
    May 18, 2015. 11:50 AM | 3 Likes Like |Link to Comment
  • Petrobras posts surprising 50% Y/Y jump in Q1 adjusted earnings [View news story]
    Buy (cheap) and hold wins every time. Petrobras in the mid single digits was the clearest opportunity in years when it comes to special situations investing.. Hats of to the Brazilian DOJ for Operation Car Wash
    May 16, 2015. 02:04 AM | 3 Likes Like |Link to Comment
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