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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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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
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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