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Cheese Head

Cheese Head
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  • South 32: General Meeting Takeaways [View article]
    Having a very small position is not a good reason to hold, some people have more, example I bought more after demerger on theory that underpriced and the cast off company does better than parent, albeit in long run.

    Sadly today SOUHY is down again by 6.75% to a new low, USD4.28.
    Nov 23, 2015. 07:35 PM | Likes Like |Link to Comment
  • BHP/Vale: Samarco Dam Failures [View article]
    General website on mining tailings, that used to settle out solids from water from mine discharge after removed targeted minerals, that sometime economic to re-process tailings with newer technology, nothing specific to this disaster:

    Australian newspaper article discussing a) companies' reactions, b) BHP stock price decline, and c) that mining tailing pond dam failures of this size occur on average every two years, worldwide:

    Wikipedia page on mining tailing ponds, says one large mining tailings dam failure per year:

    Only pictures I could find of what appears to be the Fundao Dam:
    Nov 13, 2015. 08:45 PM | 1 Like Like |Link to Comment
  • BHP/Vale: Samarco Dam Failures [View article]
    Well finally on Nov 13 BHP/BBL moved up 1%, and on a down market day.

    Correct that hard to quantify the damage, that's why the stock is down 14%, but the penalties to BP et al were based somewhat on public opinion with the spill being in the news every day. This is not the mining industries first dam failure, and all the major news outlets i.e. BBC, CNN, RT, etc have moved on from this story, even the only major Brazilian English news website I can find only now has a small section on it:

    Also mitigating extraneous damage costs is the fact that this disaster is in Vale's backyard where they have lots of influence.

    Question to Author, I believe most tailings ponds use earthen dams, is the photo at top the article of the dam that failed, and if so, then this was not a 100% dam, as it appears water has always been overflowing downstream, so it appears that the dam's purpose was more a solids settling pond, than for treatment of dangerous materials/metals etc.
    Nov 13, 2015. 07:15 PM | 1 Like Like |Link to Comment
  • South32's Performance Is Really Good And The Company Could Be On The Hunt For Acquisitions [View article]
    Your Avatar is really pretty, can't place where "down here" it is. I'm in Doha.

    Agree on dividend, looks like they are turning into a highly efficient low cost miner, should be some bolt on acquisitions they could find and optimize. That would change Mr Market's attitude towards S32.

    Also any thoughts on Shroders Plc acquiring over 5% of S32?

    Schroders looks to be a huge Asset Manager, so probably just investing, not building position for takeover:
    Nov 13, 2015. 05:55 AM | Likes Like |Link to Comment
  • BHP/Vale: Samarco Dam Failures [View article]
    Nov 13, pre-US stock market open, since Dam incident stock is now down 15%, long BBL so hurts, of course nothing compared to those that lost lives and impacted.

    But 15% decline has erased USD13 billion in market capitalization, at 50% liable for Samarco, Mr Market has priced in a total cost of USD26 billion after tax, this has to be an over-reaction.
    Nov 13, 2015. 05:21 AM | 2 Likes Like |Link to Comment
  • South32 Gone South [View article]
    Also respectful Memorial Day on Nov 11.

    Correct, SOUHY is sponsored by Citi, no idea what their cut will be on a Dividend if one is ever paid:
    Nov 12, 2015. 08:32 PM | Likes Like |Link to Comment
  • South32's Performance Is Really Good And The Company Could Be On The Hunt For Acquisitions [View article]
    Thanks for such an upbeat article Invest Doc and yes agree excellent financial results, but crap today shares dropped another 6% today and hit another all time low, why why?

    Dividend would be nice but AUD0.02 on S32.AX now new low price of AUD1.28 would only yield 1.5%, of which for those of us owning SOUHY, a chunk would probably get eaten up in fees by Citi Bank,

    Still holding but hurting.
    Nov 12, 2015. 08:22 PM | Likes Like |Link to Comment
  • Royal Dutch Shell's Alaskan Decision - It Had No Choice [View article]
    USD7 billion is an awfully expensive way to get experience, in this price environment, what future offshore Arctic projects?
    Sep 28, 2015. 03:02 PM | 1 Like Like |Link to Comment
  • Westpac Banking Corporation: A 6.7% Dividend Yield [View article]
    Thanks, will be interested in your following articles as I recently bought ANZBY (as more international) and am interested in how they compare.
    Sep 4, 2015. 09:04 AM | Likes Like |Link to Comment
  • Royal Bank Of Canada Is A Royal Choice [View article]
    I'm Canadian but live and work in Qatar. I bought AUSTRALIAN ANZBY as Ozzie Banks have dropped more than Canadian. Partly as AUD has dropped more than CAD vs USD and partly as sentiment is lower as relatively Australia is more tied to China and Canada more to US. Also no withholding tax on dividends, and higher dividend yields, albeit primarily as dropped more.
    Sep 4, 2015. 09:02 AM | Likes Like |Link to Comment
  • BHP Billiton's 'Dividend Bonanza' And Other Scenarios [View article]
    Have lost $'s on BBL's share price decline and have bought more this summer as lower such that now my largest position. . . . . . tick tick tick 10 days to annual results and news on next dividend:

    20140819 annual results and divvy increase from USD0.59 to 0.62 (multiple by 2 for ADRs): http://bit.ly1MqaOA3~/media/bhp/...

    20130820 annual results and increase from USD0.57 to 0.59: http://bit.ly1MqaOA3~/media/bhp/...

    USD ascent and SOUHY spinoff will make divvy more expensive for BHP-BBL this year but my expectation is still a penny increase to maintain their increasing dividend record but even if hold divvy flat I'll be happy.
    Aug 15, 2015. 12:48 PM | Likes Like |Link to Comment
  • High Yield In Focus: Should You Buy Into Teekay LNG's 9.6% Yield? [View article]
    I live in Qatar in Middle East am Canadian and have no tax withholding on my TGP distributions.
    Aug 2, 2015. 08:37 AM | Likes Like |Link to Comment
  • Teekay LNG Partners - High-Yielding Security In A Growing LNG Industry [View article]
    Not Quite, had to look Pheidippides up, you keep trying! Thanks for three excellent ideas on why TGP share price dropping. All valid, today TGP is at USD27 now 25% down since article, so I am hurting. Of the three, the only thing I can see more changed in the last 2 months is the lower oil price, which points as you say towards market inefficiency as TGP's revenue is linked to LNG shipping contracts and LNG volume, not oil or LNG price. Thus at USD27 and Yieldttm above 10% I bought again. Gluten for punishment. My concerns are i) is there something we don't know, and ii) that for me this is a small Cap stock who's price can more easily be more manipulated.
    Jul 31, 2015. 03:03 PM | Likes Like |Link to Comment
  • Teekay LNG net income of $43.9M [View news story]
    Well briefly dropped below USD30 on July 10, 2015 on ex-"Dividend" day.

    Today July 14 at USD30.5, magnificent "dividends" but why does the share price continue to decline, LNG shipping contracts are long term, world is going towards cleaner fuel . . .
    Jul 14, 2015. 12:29 PM | Likes Like |Link to Comment
  • Husqvarna Has A Great Product Lineup But Unattractive Stock [View article]
    Thanks for article, would have liked to have bought some stock as happy memories using their chainsaws in early 80's in Yukon and NWT. Great machines, but now their share price is heavy, somewhat like me.
    Jul 1, 2015. 09:30 AM | 1 Like Like |Link to Comment