Brogembank schreef op 18 juni 2014 14:23:
To commemorate The Netherlands' victory over Spain in the World Cup, Cramer discussed Royal Dutch Shell (RDS.B) (RDS.A). While he tends to prefer domestic oil plays, Royal Dutch is a terrific turnaround story. It has enormous reserves, but its production has lagged the rest of the industry and has suffered from mismanagement. The turnaround story is still in its infancy, since its former CEO has just recently retired. The new CEO, Ben van Beurden, is focused on increasing profitability, capital efficiency and cash flow. The CEO thinks overspending in North America was "unacceptable," and appears to be a more disciplined CEO than his predecessor. Royal Dutch is starting up major new projects, cutting costs and is selling off underperforming assets. The company is the highest yielder in the group, with a dividend of 4.5%. For an IRA or a 401(k) it is better to buy the B-shares to avoid Dutch withholding taxes, but for a regular account, the IRS will refund the taxes. Royal Dutch is paying investors to wait for its turnaround with a generous dividend
Bovenstaand is een citaat van Cramer's Mad Money. kerel is op Wall St nogal invloedrijk, dus zou mede een koersstijging kunnen verklaren
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Shell Midstream Partners files for U.S. IPO
Jun 18 2014, 07:56 ET
Royal Dutch Shell (RDS.A, RDS.B) files for an IPO of Shell Midstream Partners on the NYSE, expecting the IPO to take place in H2 of this year.
Houston-based Shell Midstream's initial assets are expected to consist of ownership interests in four onshore and offshore pipelines, located primarily in Texas and Louisiana; it reported a 29% rise in Q1 revenue to $36M and a $15M profit, vs. breakeven in the prior-year period.
Gebaseerd op de waardering van Kinder Morgan (KMI) met een PE van 30 zou je op een beurswaarde van 1.8 miljard uitkomen; trek daar een IPO discount vanaf van pakweg 25% dan kom je op 1.35Miljard US$... geen idee of dit realistisch is, iemand anders op dit forum?
Cheers
Brogem