Sunday, November 2, 2014

Week in Review 44/14




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 October 27 I received a dividend of € 161.75 from Avance Gas Holding Ltd.
  • On October 27 I received a dividend of € 10.33 from General Electric Co.
  • On October 30 I received a dividend of € 34.91 from Bank of Nova Scotia.
  • On October 31 I received a dividend of € 142.88 from NCC AB.
  • On October 31 I received a dividend of € 32.08 from Kraft Foods Group Inc.
  • On October 31 I received a dividend of € 11.17 from Toronto-Dominion Bank. 


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

News from My Portfolio Holdings:

UPM-Kymmene Corporation: October 28, 2014 Third Quarter Result (More here)

Q3 2014 compared with Q3 2013

  • Earnings per share excluding special items were EUR 0.32 (0.26), and reported EUR 0.34 (0.26)
  • Operating profit excluding special items increased to EUR 235 million, 9.7% of sales (194 million, 7.8% of sales), due to the success of the profit improvement programme
  • EBITDA was EUR 346 million, 14.3% of sales (311 million, 12.6% of sales)
  • The full targeted annualised cost savings of EUR 200 million were achieved in Q3 2014, ahead of schedule

Q1–Q3 2014 compared with Q1–Q3 2013

  • Earnings per share excluding special items were EUR 0.85 (0.64), and reported EUR 0.95 (0.57)
  • Operating profit excluding special items increased to EUR 617 million, 8.4% of sales (476 million, 6.4% of sales), due to the success of the profit improvement programme
  • EBITDA was EUR 957 million, 13.0% of sales (853 million, 11.4% of sales)
  • Growth projects progressed in UPM Biorefining, UPM Paper Asia and UPM Raflatac
  • Strong operating cash flow at EUR 779 million (473 million), net debt decreased to EUR 2,726 million


TELE2 AB: October 28, 2014

  • Tele2 and Cubic Telecom announce M2M partnership (More here)


Pfizer Inc. October 28, 2014 Third Quarter Result (More here)

  • Third-Quarter 2014 Reported Revenues of $12.4 Billion
  • Third-Quarter 2014 Adjusted Diluted EPS of $0.57, Reported Diluted EPS of $0.42
  • Repurchased $4.2 Billion of Common Stock to Date in 2014
  • Updated Ranges for Certain 2014 Financial Guidance Components


Digital Realty Trust, Inc. October 28, 2014 Third Quarter Result (More here)

  • Reported FFO per share of $1.22 in 3Q14, compared to $1.10 in 3Q13
  • Reported core FFO per share of $1.22 in 3Q14, compared to $1.16 in 3Q13
  • Signed leases during 3Q14 expected to generate $31 million in annualized GAAP rental revenue
  • Improved portfolio occupancy 20 basis points to 93.0% in 3Q14, compared to 92.8% in 2Q14
  • Revised 2014 core FFO per share outlook to $4.90 - $4.95 from the prior range of $4.85 - $4.95


Chevron Corporation: October 28, 2014

  • Chevron Announces First Gas from Bangladesh Bibiyana Expansion Project (More here)
  • Chevron Sanctions Stampede Project in the Deepwater U.S. Gulf of Mexico (More here)


Ensco plc: October 29, 2014 Third Quarter Result (More here)

  • Revenues grew 9% to $1.261 billion in third quarter 2014, up from $1.162 billion a year ago, due to the addition of ENSCO DS-7, ENSCO 120 and ENSCO 121 to the active fleet. The average day rate increased 5% to $237,000, more than offsetting a decline in reported utilization.
  • Reported utilization, which includes the impact of uncontracted rigs and planned downtime, declined to 88% from 90% in third quarter 2013. The decline was due to a year-over-year increase in uncontracted days. Adjusted for uncontracted rigs and planned downtime such as rig upgrades and surveys, operational utilization was 96% in third quarter 2014, equal to a year ago.
  • Contract drilling expense was $531 million in third quarter 2014, down from $534 million in third quarter 2013. The year-to-year comparisons were influenced by an $8 million gain on the sale of four jackups that reduced contract drilling expense in third quarter 2014 and an $11 million provision for doubtful accounts related to one customer in third quarter 2013. Adjusted for these items, contract drilling expense increased 3%.
  • Depreciation expense increased to $141 million from $133 million in third quarter 2013, as three rigs were added to the active fleet. General and administrative expense declined to $29 million in third quarter 2014 from $37 million last year.
  • Other expense was $38 million for third quarter 2014 compared to $2 million last year that included a $31 million favorable tax settlement. Interest expense in third quarter 2014 was $38 million, net of $18 million of interest that was capitalized, compared to interest expense of $40 million in third quarter 2013, net of $16 million of interest that was capitalized.
  • The effective tax rate was 12.6% compared to 14.3% in third quarter 2013.


Kraft Foods Group, Inc. October 29, 2014 Third Quarter Result (More here)

  • Net revenues in the third quarter increased 0.1 percent to $4.4 billion.
  • Operating income in the third quarter decreased 16.6 percent to $0.7 billion.
  • Earnings per share in the third quarter were $0.74.
  • Free Cash Flow was $554 million year-to-date.


American Realty Capital Properties, Inc. October 29, 2014

  • American Realty Capital Properties Announces Non-Reliance on Previously
    Issued Financial Statements and Changes in Accounting Personnel (More here


NCC AB: October 30, 2014

  • The municipality of Järvenpää in southern Finland has selected NCC to build a new district healthcare center. The order is worth SEK 310 million. (More here)  


Altria Group, Inc. October 30, 2014 Third Quarter Result (More here)

  • Altria’s 2014 third-quarter reported diluted earnings per share (EPS) increased 1.4% to $0.71, as comparisons were affected by special items.
  • Altria’s 2014 third-quarter adjusted diluted EPS, which excludes the impact of special items, increased 6.2% to $0.69.
  • Altria’s 2014 nine-month reported diluted EPS decreased 4.5% to $1.93, as comparisons were affected by special items.
  • Altria’s 2014 nine-month adjusted diluted EPS, which excludes the impact of special items, increased 5.5% to $1.91.
  • In August 2014, Altria’s Board of Directors (Board) increased the regular quarterly dividend by 8.3% to $0.52 per share.
  • Altria reaffirms its guidance for 2014 full-year reported diluted EPS to be in a range of $2.54 to $2.59.
  • Altria reaffirms its guidance for 2014 full-year adjusted diluted EPS to be in a range of $2.54 to $2.59, representing a growth rate of 7% to 9% from an adjusted diluted EPS base of $2.38 in 2013.

  
Chevron Corporation: October 31, 2014 Third Quarter Result (More here)

  • Earnings of $5.6 billion ($2.95 per share – diluted) for third quarter 2014, compared with $5.0 billion ($2.57 per share – diluted) in the 2013 third quarter.
  • Foreign currency effects increased earnings in the 2014 quarter by $366 million, compared with a decrease of $276 million a year earlier.
  • Sales and other operating revenues in third quarter 2014 were $52 billion, compared to $57 billion in the year-ago period.
  • Cash flow from operations in the first nine months of 2014 was $25.0 billion, compared with $24.6 billion in the corresponding 2013 period.


Articles that caught my attention:   




I wish all readers a nice next week. 

4 comments:

  1. Thanks for the mention, DH.

    Hope you are having a good weekend
    R2R

    ReplyDelete
  2. DH,
    Thanks for the mention this week. Very much appreciated!
    -RBD

    ReplyDelete
  3. thanks for the update. dividend income looking good. ESV lookin real good lately

    ReplyDelete
  4. Thanks for the update. Your dividend income is looking great.

    ReplyDelete

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