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  • Adecoagro's Discount Remains Stubbornly In Place [View article]
    I think You are fully right.

    Anyway, the book value of their land bank is way below the market value according to the appraisal by cushman&wakefileds and right until now every farm sold has been sold at a higher price than the cushman&wakefield price.

    Corn and grain prices are very low. This won't last.

    But the biggest catalyst is Argentina. The last state elections show that there wouldn't have been a majority for Christina Kirchner if it has been a federal election. So if Argentina gets rid of her this will boost the land prices. The same if Argentina gets rich because of successfully tapping the enormous shale gas reservoires.
    Dec 18, 2013. 04:57 PM | Likes Like |Link to Comment
  • Baltic Trading falls after pricing 12M shares at $4.60 [View news story]
    and further dry bulker companies will follow. probable candidates are GNK, EGLE, DRYS. all of them need cash infusions.
    Sep 24, 2013. 05:31 PM | Likes Like |Link to Comment
  • Daqo flies higher [View news story]
    seems to be a classical short squeeze.
    Sep 24, 2013. 05:23 PM | Likes Like |Link to Comment
  • Chaoda Modern Agriculture: A Green Giant for the Price of a Dwarf? [View article]
    There is no loyalty at the stock market and if there were any, this would be wrong. The institutional investors may have hedged there positions or they are already written of.

    Announcement of a Chinese company are as reliable as announcement of their government. That is a cultural thing. Western Politicians are also not known for reliability and there are several black sheeps among the stocks, but in China it is highly recognized to cheat and to play tricks on others.
    Jul 28, 2013. 07:51 AM | 1 Like Like |Link to Comment
  • COMEX Gold Inventories: Every Top-200 Hedge Fund Can Buy All The Registered Gold At The COMEX [View article]
    Wouldn't it be reasonable to assume, that there is a strong correlation between gold ETFs' size and inventories? If investors sell the ETFs, the ETF pull the adequate amount of gold out of those warehouses.

    The gold ist sold and that caused the pressure on the gold price.

    Would be interesting to know what is the ratio between net gold puts and shorts to gold available for delivery.
    Jul 28, 2013. 07:42 AM | 4 Likes Like |Link to Comment
  • Agricultural Plays: Farmland Back In The USSR [View article]
    The rights issue is to finance the investment necessary to conduct the deal with pepsi-russia.

    After Black Earth Farming announced positive earnings for 2012 the stock had risen but is now down again. Anyway I would suppose that they are now in a strong position.
    May 29, 2013. 02:52 PM | Likes Like |Link to Comment
  • Sources Suggest Suntech Power's Convertible Bondholders Won't Get Any Money From The Restructuring [View article]
    Some days ago STP executed a huge firesale. Another chinese company proudly announced having bought assets from STP with approximately 30 percent discount. Anyway STP rose that day further.

    Be sure that neither bondholders nor shareholders will recover just one cent of this revenue. I suppose some chinese communist leaders are now possessing the assets and STP uses the money to feed the chinese creditors.
    May 29, 2013. 02:43 PM | Likes Like |Link to Comment
  • Knightsbridge Tankers: Consider Adding This 12% Dividend Yield To Your Portfolio [View article]
    Reading the author's replies I think the author builds his investment on a weak ground.

    If EBITDA doesn't cover the interests than shareholders' equity will decrease. Regular depreciation reflects just that the value of the assets decreases by time. A ten year old vessel is obviously of less value than a five year old one.

    So EBITDA is nice but it doesn't mean that a company is profitable.
    Dec 12, 2012. 04:56 PM | Likes Like |Link to Comment
  • Cobalt International Is An Example Of Why I Like Oil And Gas Producers [View article]
    Thanks for sharing this geological information. Didn't know that.
    Sep 24, 2012. 06:37 PM | Likes Like |Link to Comment
  • Cobalt International Is An Example Of Why I Like Oil And Gas Producers [View article]
    That may be true, but we have recently seen some disappointing result in the South Atlantic. Offshore Falkland we had no clear strike and Chariot Oil had a duster offshore Namibia.
    Sep 24, 2012. 03:57 PM | Likes Like |Link to Comment
  • Can Dividends Cure Gold Equity Hangovers? - David Christensen [View article]
    The same interview 3 weeks ago would have been even nicer. Gold stocks have run up since the QE3 decision. I would suppose, they are overbought now.
    Sep 22, 2012. 06:30 PM | Likes Like |Link to Comment
  • 3 Dividend Catalysts To Buy Golar LNG [View article]
    WEll, I prefer GLOG. GLNG is a very fine company with a very good management and I think GLNG is fairly valued, may be still a little undervalued. But GLOG is not as good as GLNG but so cheap, that it is clearly undervalued.
    Aug 15, 2012. 04:53 PM | Likes Like |Link to Comment
  • Agricultural Plays: Farmland Back In The USSR [View article]
    Yes. Putin is much better. As long as a company just wants to earn money, it can run it's business in Russia. Russia is rich enough. They don't need to expropriate and there would be no advantage for Russia to expropriate a foreign company which invested in Russia.
    Aug 15, 2012. 04:45 PM | Likes Like |Link to Comment
  • Agricultural Plays: Farmland Back In The USSR [View article]
    BEF is well financed for the next 12 month and during this period they will harvest two times (summer wheat and winter wheat).

    Negative cash flow in the last years was also caused by investments in storage facilities. Thus they now profit from these investments. So in my humble opinion the belly up-thesis is not convincing.

    If they should need further money they wouldn't belly up anyway. But the rights issue would be not nice for the shareholders.

    Cresud and Adecoagro - both will profit from a warmer pacific but both exist on the mercy of Christina Fernandez de Kirchner. Look what happened to YPF.
    Aug 14, 2012. 05:43 PM | Likes Like |Link to Comment
  • Agricultural Plays: Farmland Back In The USSR [View article]
    Of course the higher corn prices helped these companies' stock prices. I stopped watching those Ukrainian companies and focus on two Swedish companies with Russian operations: BEF and ALPA.

    ALPA has a geographically high diversification within in Russia and because they bought a London-based company with Ukrainian assets (landkom). Maybe they intend access to London Stock Exchange because which would help a lot. Third they diversified by building up lifestock and producing dairy products.

    BEF is cheaper (better p/b) and after horrible 2011 results they started under new management a program of increasing and implementing agri-know how.
    Aug 8, 2012. 05:45 PM | Likes Like |Link to Comment