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LDC2014

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  • Is General Electric The Perfect Company? [View article]
    Enjoyed the article- I've held GE pre-2008 in my own pension plan (US 401K? type plan). Seen it at $30+ and ~$6 remember that? I didn't buy then but did later. As a UK holder the £/$ value swings about a bit.

    What I like is the Engineering- engines, turbines, oil& gas services and not the GE Capital part. So the more it reduces that and sensibly expands the other the better. Although comments above do and articles in the FT.com mention also its management and its sheer scale of operations which acts for it and against- simply put the benefits and liabilities of scale- management structure and their control systems.

    When it was at $6 per share there was plenty comment on its debt compared to its equity held. Has that improved or just been overlooked now that it's engineering companies are more to the fore and performing satisfactorily in the recovering global economy?

    With markets quite a puzzle- concentrating on the good companies is the answer (and try to hold LT if you can). GE as a long term investment is okay but a PEG of 1.64 isn't a bargain at the moment.

    Cheers,
    LDC
    Jul 15 10:13 AM | 1 Like Like |Link to Comment
  • General Electric's Plan To Take By Storm The U.S. Oil And Gas Industry Materializes [View article]
    Enjoyed the article- I've held GE pre-2008 in my own pension plan (US 401K? type plan). Seen it at $30+ and ~$6 remember that? I didn't buy then but did later. As a UK holder the £/$ value swings about a bit.

    What I like is the Engineering- engines, turbines, oil& gas services and not the GE Capital part. So the more it reduces that and sensibly expands the other the better. Although comments above do and articles in the FT.com mention also its management and its sheer scale of operations which acts for it and against- simply put the benefits and liabilities of scale- management structure and their control systems.

    When it was at $6 per share there was plenty comment on its debt compared to its equity held. Has that improved or just been overlooked now that it's engineering companies are more to the fore and performing satisfactorily in the recovering global economy?

    Like the comment above- GE points useful but its quit a puzzle out there- suppose concentrate on the good companies is the answer (and try to hold LT if you can).

    Cheers,
    LDC
    Jul 14 07:18 PM | Likes Like |Link to Comment
  • Central Banks Buying Stocks - The Beginning Of A Major Trend? [View article]
    Nationalism is an infantile disease-it's the measles of mankind
    Albert Einstein said this and for good reason.

    I've got my small chance to give it my answer in September.

    Little Deal Clincher
    Edinburgh
    Jun 30 06:22 PM | Likes Like |Link to Comment
  • Income Inequality: The Fundamental Reason It Is Growing [View article]
    Further to my comment above and reading others-

    Technology certainly has an effect on employment and the economy creates opportunity elsewhere for new employment however along with immigration and competition from outsourcing. Wage or salaries levels on the middle classes may be permanently altered too which has its effect on the ability to borrow or use credit which could act a break on economic growth especially in consumer orientated economies like the US.

    Technology and the owners of capital would be effected by limited economic growth over time as productivity increase taper off. Although social problems may well escalate during this period so some reform of the tax code and directing government spending on areas such as healthcare (or even more ) and infrastructure could be a useful way of dealing with rising social tensions. Even elites struggles to prosper when it all gets too bleak- see Syria, Iraq and the Levant. For millennia these were the world economy.

    Although the US, UK and the West in general is a long way from civil war and economic collapse- complacency to our shared problems of advanced wealth and health problems needs our urgent attention from both public and private sectors. Political gridlock on Capitol Hill will really begin to cause problems for the US if sense fails to prevail on taxes and governments schemes like Medicare, Medicaid and its insurance issues added to falling middle class wages and living standards due to technological replacement.
    Jun 15 05:27 PM | 1 Like Like |Link to Comment
  • Syngenta: The Market Leader In Agrochemicals Has Become A Dividend Grower [View article]
    I've got this stock too (holding in CHF) and generally agree with the opportunities available long term in the Ag sector.

    However, from an income point of view, the Swiss withholding tax is 35% so it takes a chunk out of the dividend paid.

    I hold for LT capital gain and some dividend along the way. It isn't cheap at PE21 recent earnings but is a decent global player in its field as the article mentions.
    Jun 1 06:41 PM | Likes Like |Link to Comment
  • Income Inequality: The Fundamental Reason It Is Growing [View article]
    Hi- yes, technology has, is and will replace labour-the working classes got it 1st now it's the middle classes. Although some professions have had a good run and shouldn't be mourned and every set of regulations (out of the EU commission anyway) can create another dubious profession.

    Capital and its owners (or controllers) are having a good period unlike 1918-45.

    Workers blue and white will come again once services like geriatric nurses, infrastructure both physical and electronic maintenance workers and hospitality/tourist servers are better valued by people (markets) when their need becomes acute in the future with aging populations almost everywhere.

    Care should be exercised with higher taxes, better with less but more effective capital requirements for financial institutions and stiffer penalties for corrupt officials and executives, globally.

    For the world to get to 9 billion people by 2060's some sure fire effective technologies are required to feed, water and entertain us so the inventors and their cohorts will remain in the ascendant until these technologies are created, developed and utilised for global purposes.

    However, tough for those people who are just born is a different phase of human development.

    Have a look at my April blog on this too- trends, themes and fault lines for an analogy.
    May 30 04:00 PM | Likes Like |Link to Comment
  • High Time For Investors To Buy Into Samsung [View article]
    In addition to Uncle Pie comment,

    I am a UK investor and there is LSE quote in dollars. Just make sure the correct line of stock is bought as said Samsung is a massive multiple listings conglomerate.
    May 30 03:37 PM | Likes Like |Link to Comment
  • Looming Public Pension Crisis Is Bigger Than It Appears [View article]
    It's a similar concern with UK unfunded public pension liabilities, currently around £1 trillion +, and recorded separately to govt. debt. calculations. France, Italy and other EU countries too.

    Pensioners or Investors-who wins or loses less-the answer will prove itself in time ,no doubt. Although Detroit is an interesting case in hand.

    Stay health and mobile.
    May 28 12:11 PM | Likes Like |Link to Comment
  • Lend Lease Still Looks Attractive [View article]
    It's got some good mega trends to follow and projects too. Agree it's a global player. Thought it's had a good run up to 11.87 AUD from mid-2013. The PE okay at 12.73. I'd wait until some weakness before buying- its reported margins for 2013 are 4.02% for N.P with a ROE of 11.71% suggest such. (Source- FT.com)

    LDC2014.
    Mar 28 04:57 PM | Likes Like |Link to Comment
  • Seadrill declares $0.98 dividend [View news story]
    Does everyone here own SDRL in $ or in NOK? I've got a holding priced in NOK and it's back to the level I invested this time last year. The £ is strong again and I have added and considering adding again. Although the articles on SA on balance seem to be positive the market is taking it down- NOK 214 at 7.33% yield (source FT.com, 25/2/2014 quote). Tempting even at 7.33%.

    However- JD in NJ comment re- "near term" suggests scepticism that although hiking the dividend helps support the share price it may fall further as cuts are coming later, say 2015.

    Do other investor's think so or what-say div and u/valued?

    LDC
    Feb 25 08:31 PM | Likes Like |Link to Comment
  • Market Decline: Get A Grip! [View article]
    Hi James,

    I share your point on keeping the pound and the referendum, although tight until the result, should show the status quo remaining. Mind you big 'Eck' has got the 16 and 17 year olds voting and I'm sure Braveheart will be on STV every night along with any Scots winning medals in the Commonwealth Games and of course Archie Gemmel scoring against Holland in '78. The No campaign need to lift their game.
    If they had come up with your James the 1st suggestion when someone 1st said that looks like oil-bearing rock formations in the North Sea then things could be different now like Norway we'd have £500 Bn SWF of our own. However, Scotland back then wasn't ready to do it, and shouldn't now because the demographics are wrong, the benefits of union too large- healthcare costs for elderly especially and public-sector pensions, and social benefits that need a UK set-up to provide the levels expected by retiring public-sectors worker-55% of GDP is in Govt. spending. The oil, water, renewables, and the good schools and wide open space is there for future generation to really build something so the grand-children of HRH Kate and Willaim if he/she marries a Scot could have a crack at it then!
    Until them UK is better 'till all baby boomers, Gen X even , and old socialists and the memories of Red Clydeside are history lessons and not romantic memories.

    I spent my childhood in Melrose, actually- my parents' house looks over the Tweed.
    Feb 6 09:14 PM | Likes Like |Link to Comment
  • Market Decline: Get A Grip! [View article]
    Enjoyed the article- got side-tracked by the discussion on the comments.

    I'd say 30-40% is a better figure in being prepared to lose on equities which can happen quickly. Another feature of equities are value traps- for example sitting with a 40% loss (I'm currently holding E.on) -taking a loss is hard but staring at a loss for years is hard too.

    In a serious crisis perhaps 50% loss or drop in value is a better figure to expect than 70% although in some stocks or products 90%+ occurs for example RBS. Is there another coming as some think? Well 7 Billion people get up every day and do something this creates a certain amount/level of demand. Yes- there's lots of debs and worries from Chinese property debts hidden in obscure vehicles, currency devaluations and general political unrest and wars.

    So I'll say it may correct 20% after a fabulous run up and where from there is to discuss later as it may move in a range until a updated picture or consensus around some figures, facts and events takes hold. Deflation is more imminently threatening than inflation although both could occur over a long enough period say now- 7 years out.

    Any thoughts from the US about the UK being in the same state come September as now when Scotland votes on continuing to be part of the UK?

    Little Deal Clincher, Edinburgh.
    Jan 31 05:06 PM | Likes Like |Link to Comment
  • A Juicy Dividend And Huge Growth. But What Are The Risks? [View instapost]
    Fair comment especially the concerns list.

    Little Deal Clincher.
    Edinburgh, UK
    Jan 19 06:40 PM | Likes Like |Link to Comment
  • Royal Dutch Shell: 'Shell Shock' Offering Buying Opportunity? [View article]
    Hi,

    As a holder of RDS for some years. I intend to hold. The new CEO will cleaning out the cupboard as mentioned above so some bad news was to be expected to make him and his team look better later. The world's energy needs are growing. Shell should be part of that so it's a hold for me. I bought this stock between 2008-9 during the worst of the crisis and so sit an a decent cushion of profit and enjoy the dividends.

    Little Deal Clincher
    Jan 19 06:22 PM | Likes Like |Link to Comment
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