Question Kirk

[DOGS THAT BARK]

Thought I'd ask you this one in forum as others may run across it. What is diff of stocks for this outfit list on top NYSE and bottom .PK All these are same company but diff exchanges.

Both pay dividends--but little info available for PK such as volumn ect.

WMC WMC Resources Ltd (Australia) NYSE Metal Mining Add
WMCy.BE WMC Resources Ltd (Australia) Berlin N/A Add
WMCy.DE WMC Resources Ltd (Australia) XETRA N/A Add
WMCy.F WMC Resources Ltd (Australia) Frankfurt N/A Add
WMCy.MU WMC Resources Ltd (Australia) Munich N/A Add
WMR.AX WMC Resources Ltd (Australia) Australia N/A Add
WMR.BE WMC Resources Ltd (Australia) Berlin N/A Add
WMR.DE WMC Resources Ltd (Australia) XETRA N/A Add
WMR.F WMC Resources Ltd (Australia) Frankfurt N/A Add
WMR.MU WMC Resources Ltd (Australia) Munich N/A Add
WMR.SG WMC Resources Ltd (Australia) Stuttgart N/A Add
WMRLF.PK WMC Resources Ltd (Australia) PNK N/A Add

 

[selkirk]

WMRLF.pk means it is a pink sheet. trades OTC. Small companies or international companies sometimes at first list on OTC.

there is less (regulations, and items to file with the SEC) also easy and in many cases cheaper. a fast way to get listed. then the company can get listed on a larger exchange as it grows or if it is needed. ie. NYSE
many cdn. junior companies list this way, cheaper (less red tape) than listed on Venture in Toronto.

as for the stock believe it is the same company but you get more than one share (ratio) on NYSE. it trades for around $7.40 AUS dollars, $5.81US.
roughly believe the NYSE listing represents 4 shares of the company. close to the correct ratio.

would not matter but if you buy it would buy the NYSE listing, more volume. as for the others some appear to be preferreds.

in this space I have owned for almost a year BHP. though this company looks interesting.

they are fighting off a takeover from Xsrtata and have declared a .20 special dividend. this is one time, though the company does pay dividends. make sure when you look at yield it may be listing this div, and counting it towards the regualar dividend.

probably will not be taken over unless there is an increase in the bid, as the stock is trading above the offer. company has begun a dividend reinvestment plan so they seem to want to pay out more money in dividends, going forward.

company is expected to make $1.60-$1.80 of coarse these numbers can vary greatly, base metals are volatile.

hope it helps.
thanks
selkirk

 

[DOGS THAT BARK]

Thanks Kirk Just the info I was looking for my friend

 

[DOGS THAT BARK]

Interesting observation--
I put in orders for both over weekend and bought both at bell Monday--While the NYSE was up over a $1 yesterday and almost $2 today in before hours trading this morning the PK counterpart declined 30 cents yesterday?
Good advice to buy the NYSE stock Kirk--but had to venture a tad on the others also--drat!

 

[selkirk]

good call on DTB, WMC Resources is being taken over by BHP in an all cash deal of $7.85 Austrailia.

this is higher than the $7 A bid by Xstrata.
it looks like it will go through as management is backing the deal.

in other news, Noranda is trying to buy the rest of Falconbridge it does not already own. price around $41 cdn. the one thing I do not like about the deal is that it is all stocks.

own Falconbridge shares, and have sold puts on the company. will probably sell most of my position and keep some share of the combined company (market cap around 14 billion). they are looking to do a deal with a chineese mining company, but at this point that is speculation.

as for Xstrata they will not win the bidding for WMC so they may pay out some money to shareholders or buy another company, they will have over 1 billion in free cash flow.

many base metal companies went up 2%+ on the specualtion. even inco is mentioned but that would be probably a larger transaction than they want to look at....

good timing dtb.

always try to buy the position that has more volume. if not you can be buying at a slightly higher price and selling at a lower price.....

should note: I own Fl, and BHP. and inco.
have options out on Inco, FL.

thanks
selkirk

 

[DOGS THAT BARK]

Was "lucky" timing bought solely for price-PE-and Div-and aisias need for ore.

Looks like there might be new player this morning

at The Wall Street Journal Online (Thu 12:25am)

WMC's Shares Rise 7.1% on Talk Rio Tinto May Make a Rival Bid