Analysis of TC PipeLines

Company: TC PipeLines

Business: An American company that fully or partially owns six gas pipelines that are critical for the American energy infrastructure. These gas pipelines have the capacity to transport 8.9 billion cubic feet (= 0.25 billion cubic meters) per day. The company was created and is owned to around 28% by TransCanada Corporation that besides from owning pipelines in Canada also have gas storage and power plants.

Active: TC PipeLines are in principle only active in the US. Sometimes they join on some deal in Canada with the mother company.

P/E: 21.3

Comment: Ugh! became much tougher then what I expected due to that they favour to only report their net earnings but I want to have also the revenue to see their growth in the last five years. So I had to calculate their revenue part from the different pipelines. I hope I made no mistake but please check it to be sure.

Asian Bamboo report Q3 2013

The nicer and thicker the report the worse the news or? When I was going through the report I did however realise that they are reusing pictures from previous reports. Good! They have realised they need to tighten the belt and remove all useless expenses. The stock market responded on the report with -4.4% at the deepest dip and then went back up to -2.3%. How about the content then?

Enel report Q3 2013

This is like! An ugly report with no wasted money on fancy pictures but directly down to business AND it is even short! Directly when the report came out the shares dropped by a couple of %-age but at closing time they were down by 1% so not much.

Analysis of Bilfinger

Company: Bilfinger SE

Business: A German engineering and services group that offers customized services for industrial facilities, power plants, real estate and infrastructure which are also more or less what they are divided into as four core segments: Industrial (blueprints/design, building as well as running/servicing the industrial plants), Power (main focus lies with the maintenance of all kind of power plants), Building & Facility (biggest builder of private as well as commercial real estate in Germany) and finally Construction  (tunnels, bridges and roads).

Active: The big bulk of their activity is in Germany and Europe. Due to their engineering services and maintenance contracts they are present all over the world.

P/E: 13.7

Commerzbank report Q3 2013

Also Commerzbank arrived with their jogging woman... sorry... their quarter report. One have to admit that when they start a concept they stick to it and she has now been running all over as well as inside the reports this year.

The market made a significant hiccup jump (+10.1%) on Thursday due to the quarter report from Commerzbank. Apparently the market was amazingly impressed that Commerzbank had a better operating profit quarter than Deutsche Bank... does that make sense?