Sunday, August 31, 2014

Week in Review 35/14

Welcome and thanks for reading! In this review, I will gather together important and interesting news and events over the last week related to my portfolio holdings. In my week review, I put also together some interesting articles from other websites that caught my attention during the past week.

Dividends from My Portfolio Holdings:

  • On August 25 I received a dividend of € 48.76 from Gazprom OAO

Dividend income reported after the deduction of taxes. I have also updated my Monthly Dividend sheet.

News from My Portfolio Holdings:

Bank of Nova Scotia: August 26, 2014Third Quarter 2014 Results (More here)

Third Quarter Highlights (versus Q3, 2013)

  • Net income of $2,351 million, up 35% from $1,747 million
  • Earnings per share (diluted) of $1.85 compared to $1.36, up 36%
  • Earnings include $555 million or 45 cents per share related to the sale of a majority of the bank's investment in CI Financial Corp. ("the notable gain")
  • ROE of 20.6%, compared to 17.2%
  • Productivity ratio of 47.8%, versus 51.6%
  • Quarterly dividend of 66 cents per common share 

Third Quarter Highlights (versus Q3, 2013) excluding notable gains and 2013 non-recurring items

  • Net income of $1,796 million, up 8% from $1,657 million
  • Earnings per share (diluted) of $1.40 compared to $1.29, up 9%

Golar LNG: August 26, 2014 Interim Report Second Quarter 2014 (More here)

  • Golar reports a second quarter 2014 net loss of $24.2 million including a non-cash loss of $13.6 million on interest rate swaps.
  • EBITDA generated in the quarter amounts to income of $1.1million.
  • Total pro-forma Q2 EBITDA for the group including Golar Partners was $84.3 million.
  • Golar takes delivery of the LNG carrier Golar Crystal on May 15.
  • On June 30 Golar raises $661 million net of fees after the successful follow-on issue of 12,650,000 shares of its common stock (including underwriters’ options).
  • Spot and short-term chartering market remains challenging.
  • Board maintains dividend at $0.45 for the quarter 

Neste Oil: August 29, 2014

  • Neste Oil expects to complete repairs on the damaged hydrogen unit at Porvoo by the end of October; guidance for 2014 revised (More here)

Articles that caught my attention:

I wish all readers a nice next week.


  1. DH,

    Thanks for the kind inclusion.

    Hope you're having a wonderful weekend over there!!

    Best wishes.

  2. Thanks for the mention. Hope you had a great weekend!