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Vale droht eine milliardenschwere Abscheibung in Guinea:
http://seekingalpha.com/article/...ion-implemented?source=google_news
Vale's profitability is largely dependent on iron ore prices. Iron ore prices decreased in the last three months and is expected to decrease further in the coming months. The price averaged $134.86/ton in the fourth quarter of 2013
. Analysts are forecasting iron ore to average $100-$119 in 2014. The company will still earn a healthy profit, as its cost of mining is about $21/tons (excluding transport costs).
Vale is undertaking several measures to improve its profitability. Its management is serious and committed to reducing costs. Credit Suisse estimates that the company will cut its costs by $400 million in 2014. The company is making efforts to cut transport costs, which are higher than its main competitors, Australia's BHP Billiton and Rio Tinto. BHP and Rio have a competitive advantage over Vale, as their mines are closer to China. Vale is developing a new marine terminal in Malaysia, which is expected to be operational by October of this year. Current transportation cost of Vale is around $22/ton and should fall by $4-$5/ton for shipments to China after Malaysia opens. Reduction in transportation costs will also improve the company's bottom line.
Vale is also an attractive investment for dividend investors. It has the best dividend yield of 6.9% among all major global miners. In 2013, the company paid dividends of $4.5 billion, and commitment to a minimum dividend of $4.2 billion in 2014. With $5.3 billion in cash, it has the ability to pay dividends for at least three years.
http://seekingalpha.com/article/2093643-vales-future-looks-promising
Speaking in Melbourne, the head of the world's largest iron ore exporter told an audience in the world's biggest iron ore exporting country that Vale would slash cash costs, before shipping, from $US22 a tonne to $US18 within four years.
That is below its rivals, such as BHP Billiton and Rio Tinto.
He predicted the iron ore price would average $US110 a tonne for the next one to two years.
That figure is highly profitable for the low cost iron ore majors, while any further falls can also work to their favour by putting higher cost producers out of business.
http://www.skynews.com.au/businessnews/article.aspx?id=964147
Siehe dazu auch Beitrag #361
Geht man also davon aus daß Vale z.Z. 22 $ für Transportkosten pro Tonne zahlt...diese aber um ca. 4 $ ab Oktober fallen,
da dann das Terminal in Malaysia in Betrieb geht.....dazu eine Tonne Erz bei der Förderung die Firma derzeit ca. 21 $ kosten,
bleibt bei einem Marktpreis von 110 $ / to eine Menge hängen.
Ca. 55 % des Umsatzes erwirtschaftet Vale mit Eisenerz.
Vale Dividend
On March 28, 2014, Vale SA (Vale) announced that its Executive Board has approved the proposal for payment of the first installment of the minimum dividend of $2.1 billion, as previously announced on January 30, 2014, equal to $0.407499945 per common or preferred share, as of February 28, 2014. The Company informed that the aforementioned proposal will be submitted for the approval by the Company's Board of Directors on April 14, 2014. Once the Board ratifies the proposal, the payment will be made on April 30, 2014 to holders of record on April 17, 2014. The ex-dividend date for the Company's shares is expected to be April 15, 2014.
http://www.AnalystsReview.com/04032014/VALE/report.pdf
.... sollte man Vale als ein eher mittel und langfristiges Investment ansehen.
Das Unternehmen ist demnach auf einem guten Kurs:
http://seekingalpha.com/article/...tight-and-hold-for-long-term-gains
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| Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
| 5 | 1.249 | Schluß mit Südkurs | nimm2nimm4 | Italymaster | 05.12.17 17:13 | |
| 7 | 690 | CVRD, Danke vinhedo, auch ein interessanter Wert. | Peddy78 | Neuer1 | 19.05.15 16:05 |