dividends paid
ALPHABET INC. (Nasdaq symbols GOOG $713 [class C: non-voting] and GOOGL $737 [class A: one vote per share]; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 680.2 million; Market cap: $491.0 billion; Price-tosales ratio: 6.8; No dividends paid; TSINetwork Rating: Above Average; www.abc.xyz) is the new parent company for Google’s Internet search business (still called Google) and other operations, such as self-driving cars and home thermostats. Each of these subsidiaries will function independently.
In the three months ended September 30, 2015, earnings gained 18.7%, to $5.1 billion from $4.3 billion a year earlier. Per-share profits rose 17.6%, to $7.35 from $6.25, on more shares outstanding. Revenue rose 13.0%, to $18.7 billion from $16.5 billion.
The number of paid clicks on advertisers’ads rose 23% in the latest quarter, helping offset an 11% drop in the average cost advertisers paid per click. More users are accessing the Internet with mobile devices, but advertisers pay lower rates for mobile ads because they’re harder to see on smaller screens.
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In the three months ended September 30, 2015, earnings gained 18.7%, to $5.1 billion from $4.3 billion a year earlier. Per-share profits rose 17.6%, to $7.35 from $6.25, on more shares outstanding. Revenue rose 13.0%, to $18.7 billion from $16.5 billion.
The number of paid clicks on advertisers’ads rose 23% in the latest quarter, helping offset an 11% drop in the average cost advertisers paid per click. More users are accessing the Internet with mobile devices, but advertisers pay lower rates for mobile ads because they’re harder to see on smaller screens.
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Knowing how dividends are taxed in Canada can save you money
CGI GROUP INC. $48 (Toronto symbol GIB.A; AggressiveGrowth Portfolio, Manufacturing & Industry sector; Sharesoutstanding: 313.4 million; Market cap: $15.0 billion; Priceto-sales ratio: 1.5; No dividends paid; TSINetwork Rating: ExtraRisk; www.cgi.com) is Canada’s largest computer-outsourcingprovider, helping its clients automate routine functions likeaccounting and buying supplies. That improves their efficiencyand lets them focus on their main businesses.
< p>Government agencies supply 33% of CGI’s revenue, followedby manufacturers and retailers (23%), banks and financial serviceproviders (20%), telecom firms and utilities (15%), and healthcare businesses (9%). < p>The U.S. federal government is the company’s largest singleclient, accounting for around 14% of its revenue.CGI follows what it calls its “Build and Buy”strategy....
< p>Government agencies supply 33% of CGI’s revenue, followedby manufacturers and retailers (23%), banks and financial serviceproviders (20%), telecom firms and utilities (15%), and healthcare businesses (9%). < p>The U.S. federal government is the company’s largest singleclient, accounting for around 14% of its revenue.CGI follows what it calls its “Build and Buy”strategy....
SIERRA WIRELESS $29.65 (Toronto symbol SW; TSINetwork Rating: Extra Risk)(604-231-1100; www.sierrawireless.com; Shares outstanding: 32.2 million; Market cap: $987.8 million; No dividends paid) makes modules and software that connect products, including vehicles and smart electricity meters, to the Internet. This is known as machine to machine, or more generally as the Internet of Things (IoT).
The company continues to sign up clients for its new IoT Acceleration Platform, which combines cloud computing, hardware and telecommunications networks to monitor machines remotely.
For example, Veolia Water Technologies UK, which provides water-treatment plants and systems to companies and municipalities around the world, is now using the IoT Acceleration Platform to help its customers monitor critical data, such as flow, pressure and temperature. This cuts its clients’ labour costs and lets them respond to problems as they happen.
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The company continues to sign up clients for its new IoT Acceleration Platform, which combines cloud computing, hardware and telecommunications networks to monitor machines remotely.
For example, Veolia Water Technologies UK, which provides water-treatment plants and systems to companies and municipalities around the world, is now using the IoT Acceleration Platform to help its customers monitor critical data, such as flow, pressure and temperature. This cuts its clients’ labour costs and lets them respond to problems as they happen.
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AMERIGO RESOURCES $0.31 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 173.6 million; Market cap: $55.6 million; No dividends paid) has started processing tailings from the Cauquenes tailings deposit, located near its current operations in Chile.
Cauquenes is a big growth project: Amerigo expects it to help double its production in 2016, to 90 million pounds of copper. Phase 1 is now in operation at a rate of 30,000 tonnes per day, and Amerigo expects that to rise to 60,000 by the end of this year, bringing the company’s overall output to over 70 million pounds of copper annually.
The Cauquenes expansion will cost $140 million in total. However, Amerigo has used its cash flow to pay off all of its debt over the last few years, and it currently holds cash of $18.3 million. This gave it the flexibility to arrange bank financing in Chile for Cauquenes.
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Cauquenes is a big growth project: Amerigo expects it to help double its production in 2016, to 90 million pounds of copper. Phase 1 is now in operation at a rate of 30,000 tonnes per day, and Amerigo expects that to rise to 60,000 by the end of this year, bringing the company’s overall output to over 70 million pounds of copper annually.
The Cauquenes expansion will cost $140 million in total. However, Amerigo has used its cash flow to pay off all of its debt over the last few years, and it currently holds cash of $18.3 million. This gave it the flexibility to arrange bank financing in Chile for Cauquenes.
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IAMGOLD $2.51 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 391.4 million; Market cap: $1.0 billion; No dividends paid) owns 41% of the Sadiola mine and 40% of the Yatela mine, both located in Mali; 90% of the Essakane gold mine in Burkina Faso; 100% of the Doyon mine in Quebec; and 95% of the Rosebel mine in Suriname, South America.
In the three months ended June 30, 2015, IAMGold’s revenue fell 2.1%, to $226.5 million from $231.4 million a year earlier. Cash flow per share dropped to $0.12 from $0.19. Lower gold prices were the main reason for the declines.
The company’s long-term production outlook is positive. Meantime, its $836.4-million U.S. of cash and gold put it in a strong position to pay down its long-term debt of $636.0 million U.S. It could also expand its existing gold projects, pay dividends, buy back shares or make timely acquisitions from distressed sellers at low prices.
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In the three months ended June 30, 2015, IAMGold’s revenue fell 2.1%, to $226.5 million from $231.4 million a year earlier. Cash flow per share dropped to $0.12 from $0.19. Lower gold prices were the main reason for the declines.
The company’s long-term production outlook is positive. Meantime, its $836.4-million U.S. of cash and gold put it in a strong position to pay down its long-term debt of $636.0 million U.S. It could also expand its existing gold projects, pay dividends, buy back shares or make timely acquisitions from distressed sellers at low prices.
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CHESAPEAKE ENERGY $7.87 (New York symbol CHK; TSINetwork Rating: Extra Risk) (405-848-8000; www.chk.com; Shares outstanding: 665.4 million; Market cap: $5.5 billion; No dividends paid) stopped paying dividends earlier this year to conserve cash in the face of low oil and gas prices. The cut will save Chesapeake $240 million annually.
Now the company has announced that it is laying off 740 employees, or 15% of its workforce. About 560 of these workers are from its headquarters in Oklahoma City. Chesapeake will incur a one-time charge of $55.5 million for the layoffs.
Meanwhile, the company expects its output to rise 1% to 3% in 2015, to an average of 640,000 to 650,000 barrels of oil a day. The stock trades at just 2.1 times Chesapeake’s annual cash flow of $3.68 a share, based on the latest quarter.
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Now the company has announced that it is laying off 740 employees, or 15% of its workforce. About 560 of these workers are from its headquarters in Oklahoma City. Chesapeake will incur a one-time charge of $55.5 million for the layoffs.
Meanwhile, the company expects its output to rise 1% to 3% in 2015, to an average of 640,000 to 650,000 barrels of oil a day. The stock trades at just 2.1 times Chesapeake’s annual cash flow of $3.68 a share, based on the latest quarter.
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MITEL NETWORKS $10.54 (Toronto symbol MNW; TSINetwork Rating: Extra Risk)(613- 592-2122; www.mitel.ca; Shares outstanding: 120.2 million; Market cap: $1.3 billion; No dividends paid) recently jumped after activist investor Elliott Management disclosed stakes in Mitel and Polycom Inc. (symbol PLCM on Nasdaq).
Elliott is urging the companies to merge to increase their combined profits in a very competitive market. The firm now holds 6.6% of Polycom and 6.3% of Mitel.
Mitel develops products centred on business telephone systems. Polycom makes business communications systems that combine data, video and voice in one product. It also makes teleconferencing systems.
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Elliott is urging the companies to merge to increase their combined profits in a very competitive market. The firm now holds 6.6% of Polycom and 6.3% of Mitel.
Mitel develops products centred on business telephone systems. Polycom makes business communications systems that combine data, video and voice in one product. It also makes teleconferencing systems.
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ACI WORLDWIDE $22.54 (Nasdaq symbol ACIW; TSINetwork Rating: Speculative)(402-390-7600; www.tsainc.com; Shares outstanding: 117.8 million; Market cap: $2.7 billion; No dividends paid) makes software for processing transactions involving credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank payments. The company’s products also help cut fraud.
In the three months ended June 30, 2015, ACI’s revenue rose 4.3% to $265.8 million from $254.8 million a year earlier. Earnings jumped to $30.0 million, or $0.26 a share, from $14.0 million, or $0.12. Cost cuts were the main reason for the higher profits.
ACI is benefiting from the introduction of technology for the shift to chip-and-PIN debit and credit cards, which sped up with the EMV (EuroPay, Master- Card and VISA) payment networks’ liability shift, which came into effect in the U.S. on October 1, 2015.
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In the three months ended June 30, 2015, ACI’s revenue rose 4.3% to $265.8 million from $254.8 million a year earlier. Earnings jumped to $30.0 million, or $0.26 a share, from $14.0 million, or $0.12. Cost cuts were the main reason for the higher profits.
ACI is benefiting from the introduction of technology for the shift to chip-and-PIN debit and credit cards, which sped up with the EMV (EuroPay, Master- Card and VISA) payment networks’ liability shift, which came into effect in the U.S. on October 1, 2015.
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CHIPOTLE MEXICAN GRILL $665.67 (New York symbol CMG; TSINetwork Rating: Speculative) (303-595-4000; www.chipotle.com; Shares outstanding: 31.1 million; Market cap: $22.0 billion; No dividends paid) has hired Curt Garner as its first chief information officer. The company hopes Garner will improve its mobile presence, including the ability to order and pay through smartphones and tablets.
Mobile apps have already paid off very successfully for fast-food and fast-casual chains like Domino’s, Panera Bread, Starbucks and Taco Bell.
Previously, Garner spent 20 years at Starbucks in various technology roles, including CIO. The coffee chain recently finished rolling out its mobile ordering and payment app at its more than 7,400 U.S. outlets.
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Mobile apps have already paid off very successfully for fast-food and fast-casual chains like Domino’s, Panera Bread, Starbucks and Taco Bell.
Previously, Garner spent 20 years at Starbucks in various technology roles, including CIO. The coffee chain recently finished rolling out its mobile ordering and payment app at its more than 7,400 U.S. outlets.
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