Seeking Alpha

Mike Zaman's  Instablog

Mike Zaman
Send Message
  • Dominion Diamond (DDC) Carat-Astic Results, Parnell Pharmaceuticals (PARN) Successful Canine Osteoarthritis Efficacy Study, BP Plc (BP) Air BP Strong Local Presence 0 comments
    Sep 4, 2014 3:53 AM | about stocks: DDC, PARN, BP

    http://static.cdn-seekingalpha.com/uploads/2014/9/4/saupload_ddc.jpg Dominion Diamond Corp. (NYSE:DDC)

    Carat is the term used to describe the weight of any gemstone, including diamonds. Don't confuse carat with karat, as in "24K gold," which refers to gold purity.

    Keep a close eye on DDC. On its financial results, the company reported that the Ekati Diamond Mine and the Diavik Diamond Mine performed exceptionally well.

    For the second quarter fiscal 2015, DDC recorded a consolidated net profit attributable to shareholders of $26.6 million or $0.31 per share, compared to a net loss attributable to shareholders of $13.9 million or $(0.16) per share in the same period the prior year, and consolidated sales from continuing operations of $277.3 million, versus $261.8 million in the comparable quarter of the prior year, resulting in an operating profit of $46.5 million, compared to an operating profit of $15.7 million in the second quarter fiscal 2014

    http://static.cdn-seekingalpha.com/uploads/2014/9/4/saupload_ddcch.png

    DDC operates the Ekati Diamond Mine through its 80% ownership as well as a 58.8% ownership in the surrounding areas containing additional resources, and also owns 40% of the Diavik Diamond Mine. The two major producing diamond mines are located in the low political risk environment of the Northwest Territories in Canada .

    DDC supplies rough diamonds to the global market through its sorting and selling operations in Canada, Belgium and India and is the world's third largest producer of rough diamonds by value.

    More about Dominion Diamond Corp. (DDC) at www.ddcorp.ca

    **

    http://static.cdn-seekingalpha.com/uploads/2014/9/4/saupload_parn.jpg Parnell Pharmaceuticals Holdings Ltd. (NASDAQ:PARN)

    Osteoarthritis, also known as degenerative joint disease, is defined as the progressive and permanent long-term deterioration of the cartilage surrounding the joints. Arthritis is the medical term for inflammation of the joints, while osteoarthritis is the term referring to a form of chronic joint inflammation caused by deterioration of joint cartilage.

    PARN reported the results from a successful, large-scale efficacy study of Zydax, for the treatment of the clinical signs of canine osteoarthritis (OA).

    The multi-site, double-blinded, randomized, placebo-controlled pilot study was designed to ascertain the effectiveness of Zydax in reducing pain and interference caused by osteoarthritis in dogs and to determine a prospective clinical endpoint to be used in an upcoming pivotal efficacy study.

    According to PARN and based on this successful study, Zydax has the potential to be the first OA treatment to target the core deficit of osteoarthritis rather than just focusing on inflammation, with a very safe profile over long-term use.

    PARN's Zydax, a patented sulfate ester with disease-modifying characteristics, is intended to stimulate the growth of new cartilage and inhibit cartilage breakdown for the treatment of OA in dogs and horses.

    http://static.cdn-seekingalpha.com/uploads/2014/9/4/saupload_parnch.png

    PARN is a fully integrated pharmaceutical company focused on developing, manufacturing and commercializing innovative animal health solutions

    More about Parnell Pharmaceuticals Holdings Ltd. (PARN) at www.parnell.com.

    **

    http://static.cdn-seekingalpha.com/uploads/2014/6/26/saupload_bp.jpgBP plc (NYSE:BP)

    Air BP is the aviation division of BP and one of the world's largest suppliers of aviation fuel products and services

    Air BP reported an agreement to purchase the aviation fuel business, Statoil Fuel & Retail Aviation AS (SFR Aviation), from Canadian company Alimentation Couche-Tard Inc.

    The deal, subject to regulatory approvals and expected to close by the end of 2014, will add around 73 new airports in the Nordic countries and Northern Europe to Air BP's 600-strong global fuels network.

    Besides supplying aviation fuel, Air BP's experts provide a complete aviation fuel consultancy service, including the design, build and operation of aviation fuelling facilities.

    Air BP's customers include commercial airlines, aircraft & helicopter operators, business jet operators, private pilots, the military; as well as aviation authorities, into plane operators, general aviation airfield & FBOs and national oil companies.

    http://static.cdn-seekingalpha.com/uploads/2014/9/4/saupload_bpch.png

    BP provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products worldwide.

    More about BP plc (BP) at www.bp.com

    **

    Read Full Disclaimer at www.finance.crwe-pr.com/disclaimer

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Mike Zaman's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.