Analysis of Black Earth Farming (BEF)

Company: Black Earth Farming Ltd (BEF)

Business: A Swedish registered agricultural company that are producing cereals as well oilseeds in Russia. Their concept is to acquire, develop and farm the acres they have.

Active: In Russia with main focus around the black soil regions. They have today 308000 acres of which 81% is fully owned meaning almost 250000 acres and from those they have 230000 acres in production.

P/E: 37.7 

Analysis of A2A

Company: A2A S.p.A.


Business: An Italian multi-utility company that are working with: Production, sale and distribution of electricity, Sale and distribution of gas, Production, distribution and sale of heat through district heating networks, Management of waste as well as Management of integrated water cycles.

Active: Main focus is of course Italy and besides from that they are present in the UK, Greece, Spain and Montenegro.

P/E: 7.9

China by rail

Due to the dramatic drop in the price of the shares for K+S which I had just recently analysed I directly started to read a lot of articles about what was going on and what might happen now. When one scanned through all those things there are also a lot of different articles that appears and things that are mentioned in articles that I tend to remember and then try to dig even further on. I think that it had to do with my analysis from Hamburger Hafen & Logistiks when I had read something saying that there was a train line being set up that would connect China with Germany and Hamburg.

The train has now arrived in Germany, Hamburg, from the eastern city of China namely Zhengzdou. The news was reported here.

In general I find this very, very exciting!

But back to the topic... as was mentioned here in this article... was that Uralkali had a benefit because it was the only Potash producer having access to China by rail so this can at least no longer be true. Now any company in Germany has access by train to the very east of China within 15 days by train meaning that also K+S have access to China which has been a market they have had very little business in before.

Enel report Q2 2013

The Italian energy company, Enel S.p.A. came out with their half year report. Here is the points that they decided to be the most important ones:

Revenues: 40,157 million euros (40,692 million euros in 1H 2012, -1.3%)
EBITDA: 8,293 million euros (8,315 million euros in 1H 2012, -0.3%)
EBIT: 5,168 million euros (5,385 million euros in 1H 2012, -4.0%)
Group net income: 1,680 million euros (1,835 million euros in 1H 2012, -8.4%)
Group net ordinary income: 1,652 million euros (1,655 million euros in 1H 2012, -0.2%)
Net financial debt: 44,515 million euros (42,948 million euros as of December 31st, 2012, +3.6%)

Summary of July 2013

Here comes the summary for July 2013. It was generally a very tough month for me due to that I have been forced to decrease my salary to half which significantly decreases my chances of even making any investments. I did however manage to build up a pretty decent amount of cash before this started and I will now try to invest that each month until the bitter end. When I cut the salary in half I expected that the hard times would be over already in September but by the look of it now it will remain until the end of the year. This month I did not manage to bring any cash over to the stock account and I even went seriously minus due to that I attended a wedding for a buddy of mine in France. Total cost for that trip became around 600 euro which is money that I currently actually could not spend due to my situation so now I have no cash buffer besides from the cash on the stock deposit. It was a long time since I last lived from the hand to the mouth... anyway... the report now follows with some new hopefully nice graphical implementations.