Comments for OTC Adventures

Comment on Brazil Fast Foods Corp. Is Emerging Markets Restaurants At A Discount – BOBS by Will Beuttenmuller

Will Beuttenmuller — Mon, 20 May 2013 03:00:00 +0000

Thanks for the interesting idea—I am a big fan of franchisors (particularly those rare gems that trade at ~4x LTM EBITDA). One quick question—if I compare Q4 2012 to Q1 2013, I see a fairly considerable drop in EBIT (R$12.2mm in Q4 vs. R$7.2mm in Q1). Any color here?

Comment on Brazil Fast Foods Corp. Is Emerging Markets Restaurants At A Discount – BOBS by Anon

Anon — Mon, 20 May 2013 00:45:17 +0000

Steinway Capital (his user ID) on Seeking Alpha had some interesting thoughts on this company. You should check his comments out.

As usual, Steinway is rambling but highly knowledgeable (and entertaining).

Comment on Awilco Drilling’s Upcoming Double Digit Yield – AWLCF by otcadventures

otcadventures — Thu, 16 May 2013 14:38:49 +0000

I’ve had no luck allowing IB to let me trade AWLCF. They keep claiming it is not DTC eligible, which I know is not true. And, they don’t provide access to the Oslo exchange. I used an old TD Ameritrade account to buy my shares and had no trouble.

Comment on Awilco Drilling’s Upcoming Double Digit Yield – AWLCF by Roy

Roy — Thu, 16 May 2013 14:28:56 +0000

Hi,

Thanks for the writing. What is the ticker on IB?

Comment on Awilco Reports Record Earnings, Initiates Dividends by Dtejd1997

Dtejd1997 — Wed, 15 May 2013 22:14:40 +0000

Hey all:

I got some shares today, I was surprised. I thought this would have traded higher.
Looks like somebody got 1,000 shares @ 10?

A flash crash?

I am surprised this did.nt move higher

Comment on Awilco Drilling’s Upcoming Double Digit Yield – AWLCF by Mack Diva

Mack Diva — Tue, 14 May 2013 20:25:08 +0000

Today’s earnings release looks good, and confirmed dividend points to a solid yield. Digging further….

Q1 Report – Highlights
 Awilco Drilling PLC reported contract revenue of USD 53.4 million (USD 52.8 million in
Q4 2012), EBITDA of USD 33.9 million (USD 32.6 million in Q4 2012) and net profit of
USD 24.7 million (USD 22.9 million in Q4 2012).
 Revenue efficiency was 91.2% during the quarter (94.3% in Q4 2012)
 Contract backlog at the end of Q1 was USD 466 million (USD 297 million Q4 2012)
 The board approved a dividend distribution payable in Q2 of USD 1.0 per share

Comment on Awilco Drilling’s Upcoming Double Digit Yield – AWLCF by otcadventures

otcadventures — Tue, 14 May 2013 20:21:28 +0000

Thanks for your insights. And yes, the quarter was significantly better than I expected. I will have post about it this evening.

Comment on Awilco Drilling’s Upcoming Double Digit Yield – AWLCF by udaman

udaman — Tue, 14 May 2013 20:19:15 +0000

Just reported. Declared a $1.00 USD dividend for the second quarter. Above what I would have thought. Very positive.

Comment on Awilco Drilling’s Upcoming Double Digit Yield – AWLCF by udaman

udaman — Tue, 14 May 2013 18:41:25 +0000

Their assets aren’t subject to income taxes…they are subject to UK tonnage taxes for offshore assets.

Comment on Awilco Drilling’s Upcoming Double Digit Yield – AWLCF by Olmsted

Olmsted — Sat, 11 May 2013 20:32:54 +0000

I noticed this too. They’ve paid under 10% for as far back as I looked. But it’s good to be conservative – I used 23% when I ran my numbers as well. I recall arriving at slightly higher depreciation and interest – but agree with the general assessment.

Great writeup and great find! I’m long now.