Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (16058)	6/24/2013 9:54:29 AM
From: E_K_S	Read Replies (1) \| Respond to of 34328

Hi Ditch - Re: SFL Probably a pretty good entry point at $14.70/share. Remember just last week the company did a 8Mln share secondary at $16.45/share. Stock should eventually recover and if/when they deploy those funds and buy a drill platform as rumored, that should provide a good income stream for many years. My strategy was to set up a covered call and naked put strategy selling the Nov $17.5 Calls for $1.50/contract and selling naked Nov $15 Puts for $1.25/contract. I have shares w/ a low cost basis (less than $9.00/share). I want to maintain my shares and collect that 10% dividend but only add new shares below $15.00/share. I did sell 50% of my core position last year by selling a $15.00/share covered call for $1.10/share. So Now, I would like to buy those shares back using naked Puts sparingly. All this is done in the taxable account so I will take a big tax hit if my shares are called away. I have no plan on selling my low cost shares. EKS

To: Ditchdigger who wrote (16058)	7/1/2013 9:19:11 AM
From: E_K_S	Read Replies (1) \| Respond to of 34328

Ship Finance International Limited (SFL) SFL - Acquisition of drilling rig The total acquisition cost will be $600 million and the drilling rig will be chartered back to NADL on a bareboat contract for a period in excess of 15 years. NADL has been granted four purchase options, first time after five years and the last at the end of the charter period. Ship Finance will also have an option to sell the rig back to NADL at the end of the charter period. NADL has sub-chartered the rig to ConocoPhillips Skandinavia AS ("ConocoPhillips") for a period of five years with two extension options of two years each. Expected delivery to ConocoPhillips is April 2014 and the rig will be at a mobilization rate from the delivery from the shipyard until commencement of the sub-charter. $195 million of the purchase price was paid in June 2013, and the remaining $405 million will be paid on delivery from the shipyard in December 2013. The financing package will be $475 million in total, of which $70 million has been funded now, and $405 million will be funded at delivery from the shipyard. The $125 million equity investment has been funded from the Company`s recent equity offering. EKS