Gold mines' share values are obscured by hedges

Article Abstract:

Gold-mining firms should not hide their derivatives exposure if they want to attract investors to their stock, said mining-fund managers. U.S. investors are starting to purchase gold funds again, and there is money trickling into their European counterparts, according to Kjeld Thygerson, a director of Lion Resource Management. Fund managers and other investors are coming across a difficult stock-picking problem, however. Thygerson is afraid that if gold prices stay above $300 an ounce and increase next year, some gold-mining companies could be exposed on their derivatives positions.

United States, Europe, Gold Mines, Gold Ore Mining, Analysis, Mining industry, Gold industry, Gold mining, Beliefs, opinions and attitudes, Thygerson, Kjeld

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Japan's government will sell up to one million NTT shares

Article Abstract:

The Finance Ministry in Japan announced that it will sell up to one million shares of Nippon Telegraph & Telephone Corp. (NTT). The sale represents NTT's fourth round of sales since its privatization in 1987. The company also posted a decline in consolidated net profits of 49% to 264.98 billion yen ($2.22 billion) for the first half of the fiscal year. During the same period the year before, NTT posted 178.31 billion yen.

Comment:

Posts decline in consolidated net profits of 49% to 264.98 billion yen ($2.22 billion) for the first half of the fiscal year

Japan, Sales, profits & dividends, Telecommunications, Telephone Communication, Telecommunications industry, Abstract, Nippon Telephone and Telegraph Corp.

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