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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (54668)	10/22/2004 12:38:51 PM
From: Golconda	Read Replies (2) \| Respond to of 74559

Hi Jay, can't slip anything past you eh? Ok here’s a few for the radar screen: Global Energy Development, subsidiary of US oil co. Harken Energy. - listed in London because americans can only value things in their own backyard, to pre-empt any Americans whining about this statement, tough, face facts because it’s true - Harken felt it’s Latin American assets were undervalued so listed them in Londra - From a low of 45p last November up 290% - Still worth buying I think on the strength of Peruvian prospects, oil discovered there in 1970’s but not economically viable then. Advances in technology & rising oil price have made it so & a steady stream of good news is expected shortly - Looking cheap, get ready for the profits to gush forth reuters.co.uk As good as Goldcorp, I have feeling this one has been pointed out here before but anyway.. - Unhedged, expanding production at Ontario’s Red Mine Lake Mine - Earnings grown by 68% since 2001 - Possibly lowest cost producer in industry around $116 per oz, half industry average - Debt free balance sheet, enough cash to fund operations for 2 yrs - Hampered recently by uncertainty over replacement of chief exec who has built it over 18yrs, successor to be announced soon - Likely to out perform peers if nothing else reuters.co.uk General directions: Brazil – growth fuelled by commodities exports approx 4.5% for 2004 - structural reforms & fiscal & monetary discipline for approx 2 yrs now - inflation eased, spending cuts mean external debt under 30% from 36% a few yrs ago - despite growth mkt PE about 12 - less correlation with Wall St now - stronger domestic growth as well as export growth - Petrobas? Cheaper than western & Russian counterparts - Banco Itau & Bradesco, both lagging the general rally?listed in NY as well as Sao Paolo Perhaps Elmat may enlighten further? A real curve ball: Philippines, re-election of Gloria Arroyo & a new tough stance on chronic fiscal predicament. Now looking to raise revenue rather than overspend & borrow. Public sector debt an impressive 137% of GDP, and 37% of national budget spent on interest. Tax revenue is down to 12% of GDP from 17% in 1997. Arroya started with provisional rise in electricity prices for indebted National Power Co., to privatise firm in future? If momentum stalls a sovereign-debt crisis is on the cards I think but if further concrete actions the equity market should get a significant lift via a re-rating which I think a lot of ppl on this board are looking to make money from ie getting into a mkt before there is a change of sentiment. I do have a few stocks in mind but would not wish to inflict them on anyone. I know Jay has had experience of flipper business etiquette, perhaps he may want to shed some light..