Sunday, March 22, 2009

I Want My Buyback Back Daimler Update... Buy Sky High & Selling At Record Low To Abu Dhabi

I´m still suffering a flu so the posting will continue to be light but this one is just too good to slip through..... Unfortunately i was spot on in my judgement on the incompetence of Dailmer´s management ( see How Daimler Wasted € 7 Billion On Buybacks In Just 15 Months...... ). Also no surprise to see the media here in Germany applauding the move not mentioning the failure of Zetsche € Co......

Bin gesundheitlich immer noch etwas angeschlagen und werde daher auch diese Woche blogtechnisch etwas kürzertreten. Dieses Meisterstück von Daimler verdient aber zumindest ein paar Minuten Aufmrksamkeit und Häme. Schadenfreude kann selbst ich bei soviel Inkompetenz nicht mehr aufbringen. Leider hatte ich mit meiner Einschätzung ( siehe How Daimler Wasted € 7 Billion On Buybacks In Just 15 Months...... ) Recht und es bleibt zu befürchten das Leute wie Zetsche von den deutschen Medien für diesen "Schachzug" auch noch gefeiert werden ( siehe FT Deutschland , FAZ , Spiegel Experten loben Daimler für Abu-Dhabi-Deal).


Daimler Sells Aabar a 9.1% Stake for $2.7 Billion March 22 (Bloomberg) --

Daimler AG, the world’s second- largest maker of luxury cars, will sell 1.95 billion euros ($2.7 billion) of shares to Abu Dhabi’s Aabar Investments PJSC, raising cash as it grapples with the deepening global recession and gaining a long-term shareholder.

Aabar will buy 96.4 million new Daimler shares for 20.27 euros apiece, the Stuttgart, Germany-based automaker said in a statement today. The price equates to a 5 percent discount to Friday’s close of 21.34 euros.

Now the "glorious" history of buybacks taken from How Daimler Wasted € 7 Billion On Buybacks In Just 15 Months...... JUST BRILLIANT!

Nachfolgend nun die ruhmreiche Auflistung der Aktienrückkäufe ( siehe How Daimler Wasted € 7 Billion On Buybacks In Just 15 Months...... ) Einfach brilliant!


The company started its first share buyback program at the end of August 2007. By March 28, 2008, 99.8 million shares had been bought back for EUR6.2 billion.

Share Buyback based on the Authorization of the 2007 Annual Meeting
Period
No. of Shares Acquired
Average Price (EUR)
Purchased Volume (EUR)
Total
99,768,314
62.11
6,196,752,952.16
March, 2008
27,622,866
53.62
1,481,249,244.31
February 2008
22,185,448
55.69
1,235,524,406.33
December 2007
4,384,000
69.10
302,953,032.70
November 2007
16,366,000
69.05
1,130,005,849.60
October 2007
13,445,000
74.29
998,821,360.14
September 2007
14,390,000
66.72
960,165,710.94
August 2007
1,375,000
64.02
88,033,348.15


In exercise of the authorization granted by the Annual Meeting of April 9, 2008, the decision of the Board of Management allows for the buyback of 10% or approximately 96.4 million of the outstanding shares for a maximum amount of EUR6 billion

Share Buyback based on the Authorization of the 2008 Annual Meeting
Period
No. of Shares Acquired
Average Price (EUR)
Purchased Volume (EUR)
Total
37,283,831
38.86
1,448,922,311.86
Oct 2008
2,283,831
27.88
63,669,232.59
Sep 2008
7,690,000
39.43
303,203,682.07
Aug 2008
6,910,000
40.19
277,696,796.64
Jul 2008
13,850,000
38.14
528,276,120.47
Jun 2008
6,550,000
42.15
276,076,480.09

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posted by jmf at 11:17 PM 1 comments

Thursday, March 05, 2009

CNBC Gives Financial Advice / Must See Daily Show Clip!

Still suffering a flu but this one has to be spread around.... Not always fair and balanced but CNBC deserves every second..... This is especially true when you watch some "Cramer Classics".... :-)

Die Grippe macht mir momentan noch zu schaffen aber der nachfolgende Clip mußte einfach gebloggt werden..... Ist zwar nicht immer ganz objektiv aber ganz besonders CNBC hat sich jede Sekunde mehr als verdient.... Gilt besonders nachdem man sich einige der älteren "Cramer Classics" angetan hat..... :-)








And this one is also worth watching......

Dieser Clip ist mindestens genauso sehenswert......








Spread the clips around.........

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posted by jmf at 1:49 AM 1 comments