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Tenaris ADR Rep 2 Ord Shs T.TS.B


Primary Symbol: TS

Tenaris S.A. is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.


NYSE:TS - Post by User

Comment by Mediawatcheron Oct 31, 2019 8:30pm
133 Views
Post# 30294987

RE:RE:RE:RE:Reality Check on Torstar

RE:RE:RE:RE:Reality Check on TorstarThe calculation is based on the assumption the full dividend is paid in Q2 2021 to maintain the A shares as the only voting shares.

I will take you through this slowly:

Dividend of $.15 paid in Q2 2021/$.60 share acquisition price today /2 years = 12.5%

I use 2 years because that's the 8 quarters required to tag-up on the dividend requirement.  It may not happen, but I am betting the Voting Trust is not going to go quietly into the night.

The valuation of the assets is based on my assessment of what an investor might pay for each of the assets.  Valuations are not a precise science and subject to lots of variables.  These are noteworthy and valuable assets with an aggregate value that far exceeds $48 million. 

For instance, I have no precise idea of what someone would pay to acquire the Toronto Star Newspaper Limited. It hasn't been tested in the market.  Vanity owners might pay a crazy price for it or it might go radioactive and attract a lower price than I have estimated.  

All the other assets represent my estimate of what they might go for in an auction, so if you are looking for an elaborate spreadsheet you've come to the wrong source.  MW

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