AMC Networks Incorporated, home to hit shows like “Mad Men” and “Breaking Bad”, reported higher-than-expected overall quarterly profit because the company’s business significantly benefited from purchasing Chellomedia, an international provider of content.
AMC purchased Chellomedia, a part of Liberty Global Plc of John Malone, for almost $1.04B last January, allowing AMC to access more markets in 130 different countries.
Overall revenue from AMC’s division that primarily holds their film and international business, increased to almost 9-fold amounting to $122.7M., This is mainly because of the recent success of “Boyhood”, a drama film by Richard Linklater that was filmed for a duration of 12 years.
Meanwhile, new AMC shows, Like “Turn”, “Low Winter Sun”, and also “Halt & Catch Fire” failed in duplicating the great success of “Mad Men”, “Breaking Bad”, and also “the Walking Dead”, AMC’s net overall profit decreased mainly because of more production costs.
AMC is scheduled to also release a “Breaking Bad” prequel entitled “Better Call Saul”, this coming February.
AMC Networks Incorporated is also in the works of producing a companion zombie show to “The Walking Dead” that will feature how the same zombie apocalypse in the show’s storyline are affecting other countries.
AMC’s overall shares increased to 1.3% to a value of $60.74 during the early NASDAQ trading last Thursday.
Allianz, a German insurer, increased the amount of profit the company will give to its shareholders as dividends, promising to sustain the cash flow after reporting its increased net profit during the third quarter that beats estimates.
On Thursday, the biggest European insurer said it will reimburse 50% of its net profit as dividends, compared to the previous 40%. The move was surprising, and will help pacify the shareholders who are anxious about management turmoil as well as investor outflows in Pimco, the company’s management arm.
Dividend policy will be reviewed towards the year-end, after facing recommendations suggested by investors and analysts to deliver its dividend in line with competitors such as the Zurich Insurance that reimburses nearly 70% of its net results.
Allianz said the management intends to assess and reimburse the reserved budget earmarked for exterior growth every 3 years, with the first review by 2016’s end.
The company’s net profit and quarterly operating profit jumped 11% and 5%, respectively, beating the analysts’ estimate, including its operating profit in asset management and property-casualty insurance. However, an 8% drop in its asset management was posted the previous quarter.
Allianz is also expecting a 10.5B euros earning in its operating profit within the year. Company net profit rose to 1.6B euros during the quarter, from the previous quarter’s 1.45B euros, surpassing the average forecast of 1.54B euros.
On Tuesday, the Alibaba Group Holding Ltd, an electronic-commerce giant reported its 9-billion-dollar Singles’ Day sales in China, indicating the Chinese consumers’ buying power as well as the significance of the said event throughout the merchandising calendar.
The company’s 35 billion yuan sales record of 2013 was surpassed, recording 57.1 billion yuan or 9.3 billion dollars this year. This was achieved the midnight after the Chinese consumers, including foreign shoppers purchased heavily on discounted products online.
The Single’s Day event in China is almost similar to the United States’ Black Friday and Cyber Monday events, and is considered as the Chinese Valentine’s Day, although in 2009 it was converted into an online shopping event.
Jack Ma, founder and CEO of Alibaba, said that Alipay, the company’s financial services unit will likewise go public in China, while feeling a bit anxious about higher expectations and pressures since Alibaba is now a listed company. The company’s executive vice chairman, Joe Tsai, also emphasized the unleashed consumption power of Chinese consumers.
The current sales were helped by what they call the “pre-sales initiative” wherein merchants advertise their prices as soon as October 15, charging deposits for pre-sold items, however, the processing of full payments as well as shipping are done during the event itself.
Some of the 27,000 merchants have had complains about discounts from corporate rivalries, undercutting their benefits such as the Suning Commerce Group, JD.com Inc., and Wal-Mart Stores Inc. However, Tsai was optimistic of the company’s current position, saying that no other company can create another Single’s Day event as it has become global and reached overseas shoppers in over 200 countries.
Stocks from Spirit Aerosystems remain impressive as they record another high this third quarter of 2014. The market is hoping for an increase from this company since they have been performing so well in the past months. However, the results were more than what they have foreseen.
They have reached as much as five percent in their total shares. This is far from the usual 2 to 3 percent experienced by the other companies in the same field.
They are heavily reluctant on their products related to their main customer – Boeing. They have improved so much of their inventory to make sure that this huge jet company gets its money’s worth.
Also, another factor that could be tied up to this is the increase of demand from Boeing. Recently, they have shifted from manufacturing their own products. They have resulted to outsourcing since it is more convenient and more efficient to do so.
This has given Spirit Aerosystems to step up and put up with more and more impressive numbers. This year, they have recorded a steady increase in their portfolio. The best thing about this is that they are expecting more come 2015. Everybody is watching out if they will still belong to the highlights shown by the market by the start of next year.
The famed banana company Chiquita is now under the hands of the two Brazilian companies Cutrale and Safra after they won the bitter battle against other bidders and sealed the deal with a $1.3 billion acquisition.
It can be recalled that there have been a number of rejections made by Chiquita before the final deal with Cutrale and Safra. There was even a merging offer made by the big company Fyffes but it didn’t the approval of the highly valued banana brand.
Fyffes is one of the famed fruit companies of today with the main goal of bringing the business to Dublin to make sure that its revenues would not be affected by the high tax rates.
Out of the many bidders, Chiquita arranged to sell the 144-year old company to the head of one of the leading orange juice groups in Brazil that is Jose Luis Cutrale and to the billionaire banker Joseph Safra. Each share was sold at $14.50 which valued Chiquita at $1.3 billion with debts already included.
The success of the Brazilian companies in winning the deal with the banana group brings an end to its 3-month long battle against Fyffes of Ireland that intended to close a merger with Chiquita.
Catering to the increasing demand of people who want to eat healthy products will be a big challenge for Cutrale-Safra who won the bid but they are looking out on ways to help them achieve success.
For the side of Chiquita, the acquisition that will complete by 2015 shows a surprise twist for the company which the Latin Americans hated for a long time already as it was long seen as a symbol of US repression and imperialism.
Regal Entertainment is looking at the possibility of selling the entire company out for better profit.
This is a move that may not be very well accepted by the supporters of the products of any particular company. However, this is proven to be among the widely-accepted strategies in the world of business. Selling out does not really mean that the company has lost everything. It could just mean that they will have the same team – meaning the same theme for their movies, but not the same management. After all, money is still important to run the shows.
In the past nine months, the company has experienced a steady meltdown in its portfolio. It has been struggling as seen in the $2.3 to $2.2 billion decrease in its assets. It may be small when it comes to the net assets but this is equivalent to fifteen percent already. Coming back up to the market will be harder without some solid changes to come on the way.
In the meantime, there are no contracts released on whether they will pursue with the sale. However, there is already a team inside
Oshkosh Corporation takes no excuses and continues with a good performance as shown in its third quarter ratings.
The meltdown experienced by other businesses in the same field is not an excuse for Oshkosh Corporation to do great in its ratings. They have recorded a relatively higher increase for their cement products.
The increase that was tallied was at 6.2 percent. In dollars, this is already worth 47.69. This is way too much beyond the expectations considering that the market for this industry is not doing well as of the moment.
Their sales for tactical vehicles were the primary movers for the change in the numbers. They were able to record $77.8 million in their total. This is an increase of 93 cents per share for the company. This is way too high compared to the 40 cent per share made by the others.
Oshkosh Corporation is not contented with the increase. They have released their agenda for the coming year and it clearly shows that they are out for more. They are expecting movements in the revenue such as a 100-million dollar increase in their net income. This could really be a challenge for the company since a single error could lead to a lot of financial problems.
ConocoPhillips has become more impressive in its third quarter outing after its decision to sell out units from its Nigeria base. The total increase that the company has experienced so far is equivalent to $71.32. This is already .8 percent of their total records.
This is also despite the plummeting of the prices of oil. Recently, the industry experienced a 20 percent melt down in the prices. This affects the trade because of the more expensive stocks that they have on hand. They will have to deal with the losses that will accrue in case the old expensive stock will be sold at a lower price.
The company is also expected to lose by $700 million dollars this year. They are projected to use up as much as $16 billion. The huge difference was recorded in the same time last year.
The reason for their cut portfolios is their new investments in relatively the same field. They have been looking at equipment and units for shale drilling. This is located in Southern Texas, in Eagle Ford exactly.
There is still a lot of chances under the pockets of this company. They have already predicted their numbers to go up come 2015. The only identifying circumstance right now would be the players around and the prices.