Occupation: Other
Interests: Asian Markets, Commodities, Derivatives, Emerging Markets, Geopolitics, Gold, International Stocks, Oil, Stocks
About Me:
IT bloke with a UNIX bent.
I first started following the markets at age 20 in 1984, at which point a little stock called Antofagasta leapt out of the pages of the FT at me. If I had had any money to put into it at that point I would now be quite well off, but there you go :-)
This Stockopedia thing really needs access to international exchanges, but it's quite fun even so.
Buy valuable stuff in the ground then wait for it to turn into money.
This is interesting, particularly with respect to the recent liquidity discussions and meetings. The Fidessa Fragmentation Index (FFI) provides a simple, unbiased measure of how different stocks are fragmenting across primary markets and alternative venues. Using the Fidessa Fragulator it’s possible to query several billion trade records to get a complete picture of how trading in a given stock is broken down across lit venues,…
You may or may not be aware, but the "famous" electric sports car manufacturer Tesla Motors is arriving on the NASDAQ this week (ticker TSLA). The IPO has priced above expectations and the company will have a market cap of around $1.5bn, even though it is currently losing $100m a year, and losses on this sort of scale will certainly continue into the near future.…
Coal 2.0 - The use of coal in ways other than just digging the stuff up and burning it. "Fungible hydrocarbons". Background Information CBM/CSG - Coal Bed Methane/Coal Seam Gas - http://en.wikipedia.org/wiki/Coalbed_methane UCG/ISCG - Underground (or In-Situ) Coal Gasification - http://en.wikipedia.org/wiki/Underground_coal_gasification CTL - Coal To Liquids - http://en.wikipedia.org/wiki/Coal_liquefaction GTL - Gas To Liquids - http://en.wikipedia.org/wiki/Gas_to_liquids Syngas - Synthesis Gas - http://en.wikipedia.org/wiki/Syngas Fischer-Tropsch - Conversion of…
Franco-Nevada was up 5.89% today ... The most recent quarterly results were out yesterday. Revenues are up 112% year on year, there is a lot of potential growth in the pipeline and a NYSE listing is coming in September. http://www.franco-nevada.com/files/Q2%202011%20Press%20Release.pdf This is now my largest holding, and the first of many monthly dividends is arriving on the 28th. Note: I lied about the gross margin…
Today ... Gold at new all time high somewhere around $1,720 Franco-Nevada +2.31% Royal Gold +1.91% Meanwhile, given what's going on in the UK today outside the markets, I can't help wondering how the London market would react if the country's entire underclass were to go on the rampage simultaneously. The security apparatus would not be able to even begin to cope. There's more than…
Gold is holding up very well indeed, and rightly so IMO. We are on the verge of the genuine big kahuna, unlike the "rehearsal" in 2008. Not that it will play out identically mind you. Too much foresight being employed this time. Therefore I would re-iterate the attractions of the two big gold royalty companies, Franco-Nevada (T.FNV) and Royal Gold (T.RGL). No debt, gross margins…
FRU and ZAR are both former income trusts, which was a tax scheme that allowed Canadian O&G firms to pay no tax if they distributed essentially all their earnings to shareholders. That scheme is now over, and most former trusts have converted to a standard corporate structure with more normal payout ratios like e.g. Peyto.Freehold Royalty is unique in that most of its income comes…
Mostly it's just country/market/currency but the darker brown/orange at the top represents the dividend paying core of the Canadians. These are "buy and forget" stocks which I will never sell and indeed intend to add to over time. All the rest of the portfolio is "negotiable". Franco-Nevada is a gold, silver, base metals and oil & gas royalty company which pays a growing monthly dividend…
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