I hope you bought your Ford stock when it was US$1.01 in November

Ohio XB · 25-04-2009, 12:49 AM

$5.15 at the moment....

http://finance.yahoo.com/news/Ford-p...796.html?.v=13

Steve

**buggerlugs** · 25-04-2009, 06:00 AM

http://www.news.com.au/business/stor...-31037,00.html And another good news story for Ford. Makes GM and Chyrsler look pretty sick.........

Auslandau · 25-04-2009, 10:57 AM

Not likely ..... everyones too busy talking things down here and will continue to do so. Great news and shows that things will turn around in the automotive industry. If the US can make gains with the mess they are in ........ that shows that there are still little rays of sunshine and the sky hasnt totally collapsed on auto manufacturing. Now for GM to work out what the hell they are doing. If they can do something postive for a change, that will be the turning point.

Eventually people will have to start buying again ......

| [/url] |

**TUF_302** · 25-04-2009, 11:53 AM

Well we might still be loosing money but, it seems we will be making it very soon!

:

whynot · 26-04-2009, 07:35 AM

A positive article about Ford, written, in all places, by the Sydney Morning Herald.

http://business.smh.com.au/business/...0425-aieh.html

But you wont find it in the drive.com.au section. They would rather choke on their Corn Flakes.

Ohio XB · 26-04-2009, 12:24 PM

I'm looking forward to seeing how April sales do with the Ford Advantage Plan in place. I haven't been able to find out anything yet.

They had a new 2010 Fusion Hybrid at our plant yesterday along with a few other vehicles. There were some people coming for a tour, prospective and current fleet customers of the E-series van, Econoline. They were showing off some of the vans and cut-a-ways (cab on a frame for conversion to truck/RV/etc.) and also took advantage to show off the Fusion and Focus and an F150 and a Super Duty too.

Steve

F6 R-Spec · 26-04-2009, 01:11 PM

Quote:

Originally Posted by Ohio XB

I'm looking forward to seeing how April sales do with the Ford Advantage Plan in place. I haven't been able to find out anything yet.

They had a new 2010 Fusion Hybrid at our plant yesterday along with a few other vehicles. There were some people coming for a tour, prospective and current fleet customers of the E-series van, Econoline. They were showing off some of the vans and cut-a-ways (cab on a frame for conversion to truck/RV/etc.) and also took advantage to show off the Fusion and Focus and an F150 and a Super Duty too.

Steve

Good STUFF, it sounds like the force is with FORD, im loving the updates Ohio XB keep the good ford news rolling my friend.

:

Cheers Mick.

4Vman · 26-04-2009, 06:17 PM

Quote:

Originally Posted by Ohio XB

$5.15 at the moment....

http://finance.yahoo.com/news/Ford-p...796.html?.v=13

Steve

Where's wally? im sure he'll have some countering article suggesting its a typo and shares are really USD$0.55 or something....

Elks · 26-04-2009, 08:47 PM

Quote:

Originally Posted by 4Vman

Where's wally? im sure he'll have some countering article suggesting its a typo and shares are really USD$0.55 or something....

He's busy trying to offload his GM shares

4Vman · 26-04-2009, 08:49 PM

Quote:

Originally Posted by myts

He's busy trying to offload his GM shares

come on wally, where's your "spin" on this one?

Wally · 26-04-2009, 09:59 PM

I'm here, I'm here already!

That's good news for those who have sold them. History repeating with shares not reflecting their truth worth, but good news all the same. The share rally actually sweetened the Dow Jones on Friday. I'm not sure how it benefits Ford directly, but 4Vman is like a boy with two dicks so there must be some derivitive?

No I wouldn't touch GM shares even in the mist of time when it declared a profit. I've been heavily investing in Chinese infrastructure pre IPO shares. The amount of money being set aside to swoop on Oz technology is mind boggling. I am very impressed that Australian companies have been doing the hard yards in preparedness for carbon trading and resource mitigation.

4Vman · 26-04-2009, 10:01 PM

Quote:

Originally Posted by Wally

I'm here, I'm here already!

That's good news for those who have sold them. History repeating with shares not reflecting their truth worth, but good news all the same. The share rally actually sweetened the Dow Jones on Friday. I'm not sure how it benefits Ford directly, but 4Vman is like a boy with two dicks so there must be some derivitive?

No I wouldn't touch GM shares even in the mist of time when it declared a profit. I've been heavily investing in Chinese infrastructure pre IPO shares. The amount of money being set aside to swoop on Oz technology is mind boggling. I am very impressed that Australian companies have been doing the hard yards in preparedness for carbon trading and resource mitigation.

What? no staunch GM flavored rebuttal?? you're going soft in your old age wally!

Wretched · 26-04-2009, 08:26 PM

Well done Ford US (never thought i'd be saying that).
They need to keep up the momentum and translate it into sales.
A big pickup in sales within the US will be a big positive. Fingers crossed.
Hopefully Focus, Fiesta and Mondeo sales pick up here in OZ like they deserve to.

bd737 · 26-04-2009, 08:28 PM

Quote:

Originally Posted by Wretched

Hopefully Focus, Fiesta and Mondeo sales pick up here in OZ like they deserve to.

Falcon sales too.

Gobes32 · 26-04-2009, 10:51 PM

Kirk Kerkorian sold 7.3 million shares at US$2.43 in October last year, meaning he has lost just under 20 million compared to if he held onto them 6 months longer. If investors like Kirk can't predict this stuff, what hope has us guys got?

Ohio XB · 27-04-2009, 02:01 AM

Quote:

Originally Posted by Gobes32

Kirk Kerkorian sold 7.3 million shares at US$2.43 in October last year, meaning he has lost just under 20 million compared to if he held onto them 6 months longer. If investors like Kirk can't predict this stuff, what hope has us guys got?

He couldn't afford to wait as his own businesses and their shares had tumbled too much as well. He needed to reel the capital back in to shore up his losses with his MGM Grand Hotel and Casino and other businesses. Yup, would have been good if he could have waited though.

Wally, nobody is saying Ford is set and has no worries. The only point being conveyed here is that Ford has made major improvements to it's business structure, is out performing what the experts project they will do, and is showing signs that they have a real chance of weathering the economy and doing well once the economy improves. This is in contrast to continuing to decline, not making necessary changes, and showing no positive signs of improvement.

Right now Ford has the number one selling vehicle in the US and Europe. That should account for something. It's not any of the media darling companies that have this status. Not Toyota, not Honda, not VW, and not Hyundai, the latest media darling.

Ford's US market share has improved in 4 of the last 5 quarters.

Ford has received more positive press in the last 4 months than it has in the last 4 years.

There is enough doom and gloom out there but people are still slow to acknowledge the positives. In this world where we are used to negative news on the Big3 it seems sad that people are negative in receiving good news about one of them.

Steve

4Vman · 27-04-2009, 07:56 AM

Quote:

Originally Posted by Ohio XB

Wally, nobody is saying Ford is set and has no worries. The only point being conveyed here is that Ford has made major improvements to it's business structure, is out performing what the experts project they will do, and is showing signs that they have a real chance of weathering the economy and doing well once the economy improves. This is in contrast to continuing to decline, not making necessary changes, and showing no positive signs of improvement.

Right now Ford has the number one selling vehicle in the US and Europe. That should account for something. It's not any of the media darling companies that have this status. Not Toyota, not Honda, not VW, and not Hyundai, the latest media darling.

Ford's US market share has improved in 4 of the last 5 quarters.

Ford has received more positive press in the last 4 months than it has in the last 4 years.

There is enough doom and gloom out there but people are still slow to acknowledge the positives. In this world where we are used to negative news on the Big3 it seems sad that people are negative in receiving good news about one of them.

Steve

Agree 100%, a positive attitude will help things improve quicker than a negative 1.. too many people love sticking the boots in but never acknowledge a win or positive...

Wally · 27-04-2009, 10:37 AM

Quote:

Originally Posted by Ohio XB

Wally, nobody is saying Ford is set and has no worries.

Steve

Oh yes they are. Maybe not from you and other grown ups, but there is a definite type of member here who is enjoying the prospect of your fellow workers in GM losing their jobs and Ford scavenging the customer base.

If you look carefully at the quarter result you will note (in round figures) that Ford have $21b cash at bank, burned about $3.7b, but used a bit of jiggery pokery to declare a $1.8b loss, the difference between the burn and declared loss put down to a one off event. It is all well and good saying the forecasters were out when they expected a $3.6b loss, but how could they know that there was going to be some creative accounting? Eventually that one off will have to find it's way back into the P&L, probably as tax offsets when the going gets good.

The good news is that they halved the damage compared to the previous quarter. The bad news is that cost cutting is subject to the laws of diminishing returns and eventually sales revenue will have to pickup if there is to be a breakeven. I think the share rally is based on the $3.7b, not the $1.8b.

Quote:

Originally Posted by Bloomberg

Ford’s net loss was $1.4 billion, or 60 cents a share, the largest first-quarter deficit since 1992. A year earlier, Ford earned $70 million, or 3 cents a share.

Revenue declined to $24.8 billion from $39.2 billion, excluding special items, as Ford slashed North American production by half. The average analyst estimate was for $23.2 billion. The company’s U.S. vehicle sales fell 43 percent.

.....Ford drew down a $10.1 billion credit line and cut its debt by $9.9 billion. Ford reported that it had $21.3 billion in automotive cash at the end of the quarter, up from $13.4 billion at the end of 2008.

.......Ford has been able to forgo U.S. aid because it borrowed $23 billion in 2006 before credit markets froze. As collateral for financing that Mulally dubbed “the world’s largest home- equity loan,” Ford put up all major assets, including its headquarters and blue oval logo.

Maths: 13.4 c@b + 10.1 loan + 1.8 loss = 25.30 - 21.3 c@b = $4b burned.

meanwhile GM have grabbed another $2b from the govt.

Ohio XB · 28-04-2009, 01:29 AM

Wally, when Ford closes up you may say how absolutely wrong I have been in everything I have said about Ford. Likewise, when Ford rebounds and does get their heads above water again and on their way I will have a plate and a knife and fork for your meal. I think we know what that meal is.

4Vman, Alan Mulally is a very upbeat, positive guy. I like the way he put a reporter in his place when he first came to Ford. The reporter asked how is a guy that has only built planes going to know how to build cars?

Mulally's response was "A car does have thousands of parts, but a plane has millions of parts..........and it has to stay up in the air. I think I can build a car."

Steve

Wally · 28-04-2009, 08:34 AM

Quote:

Originally Posted by Ohio XB

Wally, when Ford closes up you may say how absolutely wrong I have been in everything I have said about Ford. .....

Steve

Which is why to date I haven't said how wrong you may be (convince me otherwise). On the contrary I think you have corrected me on the odd ocassion. My hope is that Ford rebounds into profit. Likewise I hope GM and Chrysler do too. I hope you keep your job. If I'm guilty of criticising motor management it was the ex GM boss for his ineptitude several months ago and it seems Blind Freddy took the same position more recently.

I detect an enemy of my enemy is my friend anxiety emerging in you Steve. The force can be strong, but I know you can defeat it. I haven't denegrated Ford or it's executive, although one or two of the machiavellian here, who consistently like to segue and misrepresent members' comments for their own edification would argue otherwise.

_2:

I won't have to eat any humble pie, because what I've forecasted to date has come true. I haven't asked those who truck grudges against fact over sentimental fiction to recant their schoolboy remarks nor should you solicit one from me. Evaluating P&Ls and balance sheets is something I'm qualified in and I won't apologise for doing basic accounting.

RPO83 · 28-04-2009, 01:55 AM

I'm still glad i sold off my stock in early 2001...I would have jumped off a building if I still had them!

XR8putts · 04-05-2009, 08:05 AM

Steve, don't let Wally put you off. Alot of us really appreciate your posts and knowledge you bring to this forum. Please continue to post like you have been, don't take notice of the unappreciative minority. I think most of us read and appreciate your posts - but we tend not to respond / reply because we feel there is no need to, you always cover all the points and back them up with facts.

I like your annalogy of the Big 3 and the hole, and I agree completely. I tried buying shares in Ford (US) a month ago, but there are too many holes to jump through when buying American stock from NZ, by that I mean the fees are too high and I'm a struggling uni student

.

Transfiguring R · 04-05-2009, 11:47 AM

I agree with puts99. I always read your posts, and hope you stick around.

Ohio XB · 04-05-2009, 02:24 PM

Quote:

Originally Posted by Transfiguring R

I agree with puts99. I always read your posts, and hope you stick around.

No worries. I'm not going anywhere, I am just not going to discuss this issue with Wally anymore. I respect his views on the situation but don't understand his take, trying to convince me that I don't have all the information and Ford accounting for a number of perspectives in their quarterly report, which they have always done, is considered "creative accounting" instead of providing insight from several angles when they are laying all their cards on the table. I guess they should only provide one financial scenario and let all outlooks be based solely on that one, limited perspective. I don't know too many investors or analysts that work that way because that one report could be based on creative accounting (think ENRON).

Steve

**buggerlugs** · 04-05-2009, 02:31 PM

Yeah, keep the info coming Steve, bugger off Wally........

gtfpv · 04-05-2009, 04:41 PM

i was hoping someone here made money out of this . thats the thread topic .
looks like nobody here has . funny that .

vztrt · 12-05-2009, 12:27 PM

Ford selling 300 million more shares.

http://news.theage.com.au/breaking-n...0512-b0wv.html

Quote:

Ford launches shares public offering
May 12, 2009 - 8:09AM

Ford Motor Co said Monday it is launching a public offering of 300 million shares of common stock, which it will use in part to help fund its retiree health care trust.

Ford, the only US automaker that has not accepted government aid, said it will use the proceeds of the offering to pay for "general corporate purposes," including funding its Voluntary Employee Beneficiary Association, or VEBA, with cash instead of stock.

Dearborn, Michigan-based Ford owes $US6.3 billion ($A8.21 billion) to its VEBA by the end of this year. In March, United Auto Workers members approved a new contract that, besides freezing wages and cutting benefits, allows Ford to use stock to make payments to the retiree health care trust.

At Ford's closing price of $US6.08 per share on Monday, the offering would net the company $US1.82 billion ($A2.37 billion). However, the announcement sent shares of Ford sliding in after-hours trading. The stock lost 29 cents, or 4.9 per cent, to $US5.78 after the closing bell.

Shares of Ford have enjoyed a strong rally in recent months, with some investors saying it is well-positioned to recover once the vehicle market improves. The company has also been picking up market share amid deeper problems at its crosstown competitors, Chrysler LLC and General Motors Corp.

Chrysler filed for bankruptcy protection earlier this month, while GM is working to restructure out of court but may also face bankruptcy. The companies have received billions in government loans, which Ford has not asked for.

Sales at Ford are down 40 per cent for the first four months of the year. Industrywide sales are off 37 per cent during the same period.

As part of the offering announced Monday, Ford is granting the underwriters a 30-day option to purchase up to 45 million additional shares. Citi, Goldman Sachs & Co., JPMorgan and Morgan Stanley are the offering's joint book-running managers.

© 2009 AP

JPFS1 · 12-05-2009, 05:19 PM

Quote:

Originally Posted by vztrt

Ford selling 300 million more shares.

http://news.theage.com.au/breaking-n...0512-b0wv.html

Perfect timing on the back of recent share price strength to raise Capitol.

Significant amount of dilution though and will put downward pressure on share price going forward.

Issue price will be interesting.

Ohio XB · 13-05-2009, 06:15 AM

Been checking in on this all day. So far over 200 million shares traded. Average is 70 million. Watching the action live you can see jumps of 4,000 - 20,000 shares at a time in one second.

Steve

JPFS1 · 13-05-2009, 10:43 AM

Quote:

Originally Posted by Ohio XB

Been checking in on this all day. So far over 200 million shares traded. Average is 70 million. Watching the action live you can see jumps of 4,000 - 20,000 shares at a time in one second.

Steve

Yes quite normal.

With such an announcement of Capitol raising, it's not uncommon for Fund Managers to sell the news, particularly when the same Funds will be buying the new issue at a discount.

Note the price is down 17% overnight...

Just as expected.