Wednesday, 30 June 2010
Cafeisinho de Brusselas… or, (a кино III).
Cafeisinho de Brusselas… or, (a кино III). Clashing with those you appreciate over what you do or don’t want, - is never easy. They may paint out things you don’t want to admit, and you say things they don’t want to hear… Whatever it is, - why should I walk on tiptoes? Just because you have a face of Ruthenium? And than knowing this, - you deny me what’s rightfully is mine? Conducting an adventure when the “Money never sleep”, - is daunting. You well know it.
1). Samsun Boryeong From: AAP June 29, 2010 A Man has leapt overboard after being set alight in an explosion on a coal ship off central Queensland. The ship is 240 nautical miles off Mackay and is too far out to be reached by the RACQ-CQ Rescue helicopter. The ship is headed towards the coast and the chopper will be within range to reach him tonight. Samsun Boryeong IMO 9035412 Flag Panama build 1993 DWT 149475.
2). In the north of Moscow burning building Concern Almaz-Antey. A major fire occurred this morning in the north of Moscow: lit 7-story building near the Sokol metro. According to RBC in the fire authorities of the capital, a fire occurred in the house 80 Block 2 on the Leningrad prospectus in the attic of the building belonging to the concern Almaz-Antey ". The area of fire is 800 square meters. meters.
According to the spokesperson of the capital's emergency department of Russia Yevgeny Bobylev, ignition signal received at 10:30 Moscow time. Are currently being evacuated, fire is assigned 5-I (highest) category of complexity, the scene has 25 firefighters calculations and Search and Rescue Team. At the scene of a fire are also working with the fire helicopters water reservoirs. Motion close to the house is blocked. Information about the victims yet. According to recent data from the building evacuated over 1000 people. As of 13:30 fire have been contained. With the company "Almaz-Antey" refused to give comments.
3). Guest drop to Yanukovich the idea where he can look for oil. UNIAN - 17 minutes ago. According to an UNIAN correspondent, it said that Sri Lankan President Mahinda Rajapakse at a joint press conference with President of Ukraine Viktor Yanukovych after talks in Kiev. "We offered to find oil in your land”.
4). LKI to be de-listed from NYSE Amex. Lazare Kaplan announced it will be delisted after failing to file required financial statements.Below follows the full press release: “…Lazare Kaplan International Reports on Receiving a Notice From NYSE Amex LLC of its Intent to Initiate Delisting Proceedings. NEW YORK, June 24, 2010 /PRNewswire via COMTEX/ -- Lazare Kaplan International Inc. (LKI 2.56, +2.56, %) (the "Company") announced today that by letter dated June 18, 2010 (the "Notice"), the staff (the "Staff") of the NYSE Amex LLC (the "Exchange") notified the Company of the Exchange's intent to strike the common stock of the Company from the Exchange by filing a delisting application with the Securities and Exchange Commission (the "SEC"), pursuant to Section 1009 of the NYSE Amex Company Guide (the "Company Guide")…”
5). Nestle's $28.1 Billion Payday Gives It Google-Size Cash Pile. Jun 30, 2010. Nestle SA has a $28.1 billion question and investors have plenty of answers. Europe’s largest company by market value could buy almost any publicly traded food asset with cash when it gets paid for itsAlcon Inc. stake in the second half. Investors want the maker of KitKat bars and Haagen-Dazs ice cream to expand in emerging markets to catch up with Unilever, which gets about half of its sales in developing countries. “The world is their oyster, but the pearls can’t be too expensive,” said Wendy Trevisani, a fund manager at Thornburg Investment Management in Santa Fe, New Mexico, which has more than $700 million invested in Nestle shares. “They’re clearly a laggard in emerging markets.” Nestle will receive $28.1 billion from Novartis AG for its majority stake in Alcon, the maker of Opti-Free contact lens cleaners, giving it a cash pile exceeding the $26.5 billion that Google Inc. had on its books at the end of March. The Swiss company is starting a new 10 billion-francbuyback program, though Nestle would rather invest in its business or make acquisitions, Chief Financial Officer Jim Singh said June 22. About 1 billion consumers in emerging markets will increase their incomes enough to be able to afford Nestle products within the next decade, the Vevey, Switzerland-based company estimates. The world’s largest food company gets about a third of its revenue from emerging economies and Chief Executive Officer Paul Bulcke aims to lift that to 45 percent within a decade. Bottled Water?Nestle’s sales in emerging markets rose 8.5 percent last year, double the rate of the company’s total revenue. Its sales from those regions totaled 35 billion francs, more than any rival. Nestle shares, which no analyst recommends selling according to 42 ratings tracked by Bloomberg, are up 4 percent this year. They fell 0.3 percent to 52.20 francs at 12:04 p.m. in Zurich today. Unilever has dropped 0.8 percent this year. Kraft Foods Inc., the world’s second-largest foodmaker, has gained 4.6 percent. Nestle may purchase bottled water businesses in markets such as China, Frits van Dijk, head of Nestle’s Asian business, said June 22. Acquisitions would also be considered to expand its business selling nutrition products for athletes, such as PowerBar, Nestle Nutrition CEO Richard Laube said. Pet Food
Possible targets may include Synutra International Inc., the $950 million Chinese infant-formula company, according to Katherine Lu, an analyst at Oppenheimer & Co. Nestle should consider buying natural pet-food makers to better compete with Procter & Gamble Co., which agreed to buy Natura Pet Products Inc. on May 5, or enter new bottled water markets in India and Africa, said James Targett, an analyst at Consumer Equity Research. Nestle Waters CEOJohn Harris said June 18 the company has a list of five new markets it would like to enter. “The cash lets Nestle have the stomach to invest behind their existing businesses and markets,” said Thomas Russo, a partner at Gardner Russo & Gardner in Lancaster, Pennsylvania, which holds more than $350 million of Nestle shares for clients. “They have the field pretty much to themselves at the moment.” Nestle spokesman Ferhat Soygenis declined to comment.
Bulcke, 55, has made only one purchase of more than $1 billion since taking over as CEO in April 2008, the $3.7 billion purchase of Kraft’s North American frozen pizza business announced one day after the Alcon sale. The CEO has pledged to spend as much as 3 billion francs a year on acquisitions of smaller companies, and Nestle has said the company doesn’t need to make “transformational” purchases.
Possible Targets The cash due from Novartis is enough to buy any of Nestle’s rivals in food and non-alcoholic beverages save the six biggest. That includes adding a 22 percent average premium that Nestle paid for its acquisitions of listed companies since 2000. “They’re going to use the money to buy assets, at least a big chunk of it,” said David Hayes of Nomura. According to Hayes, Nestle may look at General Mills Inc., the maker of Betty Crocker cake mix, which has a market value of $24.8 billion.
The only listed food and non-alcoholic beverage companies with market capitalizations of more than $28.1 billion are Coca- Cola Co., PepsiCo Inc., Unilever, Kraft and Groupe Danone SA. H.J. Heinz Co. or Hershey Co. could also be targets for Nestle, Euromonitor said in a May 20 report. Heinz would allow scope for lower costs in culinary aids and baby food, and Hershey would strengthen Nestle in its weakest region for chocolate, the market research company said. Heinz has a market value of about $14 billion and Hershey is valued at $11 billion. ‘Hidden Gems’ Nestle should avoid buying big companies that would make managers spend too much time selling assets to satisfy antitrust regulators, Thornburg’s Trevisani said.
“Ideally they find a few hidden gems like Nespresso out there that may not look great at first glance, but over time develop into really viable growth businesses,” Trevisani said. Investors would also like to see share buybacks and dividends funded by the money it will receive for selling the stake, said Joerg de Vries-Hippen, who counted Nestle as the biggestholding in his Allianz RCM Swiss Fund at the end of 2009.
“The right thing is a mix,” said de Vries-Hippen, who helps manage 16 billion euros ($19.5 billion) at Allianz Global Investors in Frankfurt. “If you’d win the big jackpot, 30 million, and the first thing you do is buy a big house, 10 cars and maybe give your family a lot of money, in the end you will have lost all your money.” Nestle needs to give investors more clarity on what it will do with the money, or else analysts might become less willing to recommend buying the stock, said Carl Short, an equity analyst at Standard & Poor’s Equity Research. He moved to “hold” from “strong buy” in October, partly on such concern.
“It becomes a bit of a problem, because if you’re telling someone to buy the stock, they can turn around and say ‘what am I really buying?’” Short said. “You could buy Nestle today and in six weeks time, it’s a completely different company.”
6). "It's very difficult to have another opportunity like this to sell"
Spain ends today, the EU presidency. Starting tomorrow, the community will guide the work of Belgium. The Spanish presidency was - according to commentators - bad, but not the worst. First of all, this was the first six months under the new Lisbon Treaty, which undermines the role of the country chairing the work of the Community. On the picture, the Spanish Prime Minister Jose Luis Rodriguez Zapatero, President of the European Council, Herman Van Rompuy and European Commission President Manuel Barroso. Spain has prepared a very ambitious agenda for the six-month presidency, and it is not, and the President of the European Council, Herman Van Rompuy was playing first violin in the Union.
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