New

Zitat von Cupra

Rich gratuliere zum schönen Fang. NEW wird dir vor allem an den Dividendentagen viel Freude bereiten. Und mit dem Dollar hat es ja bis anhin seit deinem Einstieg auch schon geklappt.

Halo Cupra,
Habs sie gerade vor ein paar Minuten verkauft bei 42.01$
Verzichte halt so auf die Div. ... aber lieber den Spatz in der Hand als die Taube auf dem Dach.
Gruss Rich

Hallo Cupra
Magst schon Recht haben. Denke aber, dass ich NEW nach der Ex. Div. wieder günstig zurückkaufen kann. ( Nur eine Annahme)
Bin halt stark auf Div. fokussiert. :lol: NFI bezahlt im Oct. und im Dez. jeweils 1.40$ Div. Das ist auch nicht übel. Zudem NFI ist ein zuverlässiger Ausschütter von Div.
An einen Immobililen Absturz mag ich nicht so recht glauben. Das eigene Dach über dem Kopf ist einem doch am nächsten. Da spart man doch eher anderswo zuerst.( Konsum)
Gruss Rich

Heute gekauft bei 36$ . Kann es riskieren, habe schliesslich meine letzte Tranche bei 42 verkauft. War ein Glückstreffer.... den Verkauf meine ich :wink:
Den Kauf.... das wird sich herausstellen.
Haben heute die 3Q. Zahlen pubbliziert. Waren schwach, deshalb der Absturz um -5% . Quart.Div. erhöht auf 1.90$

Gruss Rich

New Century Financial Posts Lower Q3 Profit, Net Interest Income Drops, Declares Dividend - Update



(RTTNews) - Real estate investment trust, New Century financial Corp. (NEW) on Thursday, reported third quarter results, reporting net income that lowered from the previous year quarter with a decrease in net interest income. The company also declared dividend for the fourth quarter.

The Irvine California based company's third quarter net income dropped to $66.64 million from $120.10 million in the same period last year. The company reported net earnings available to common stockholders of $63.47 million or $1.12 per share, compared to $117.54 million or $2.04 per share in the comparable period last year. The company noted that the significant item negatively impacting the earnings per share was a $0.75 per share reduction from marking-to-market our derivatives not qualifying for hedge accounting treatment.

On average, 13 analysts polled by First Call/Thomson Financial expected earnings of $1.89 per share

Net interest income for the quarter decreased to $138.94 million from $203.72 million in the corresponding period last year. Four Street analysts expected revenues of $357.40 million.

The company's provision for losses on mortgage loans was $20.76 million, compared to $38.54 million in the prior-year quarter.

Return-on-assets or ROA on the real estate investment trust or REIT portfolio for the current quarter declined to 0.68% from 1.49% in the second quarter of 2006. However, ROA before the impact of hedging-related activities increased to 1.38% from 0.99% in the previous quarter. The company attributed the increase in ROA was the result of the typical reduction in provision for losses and an increase in the net spread earned on the portfolio.

The company sold $13.9 billion of non-prime loans at a gross premium of 2.25%, compared to $9.9 billion at a gross premium of 2.33% in the prior quarter of 2006. The company further sold $410 million of non-prime mortgage loans during the third quarter of 2006 at an average discount of 12.9% of the outstanding principal balances, compared to $415.1 million for the previous quarter at an average discount of 5%.

Third quarter loan acquisition costs or LAC was 1.49% of non-prime production volume, compared to 1.51% of non- prime production volume in the second quarter of 2006. Net operating margin for its non-prime loans declined to 0.52% in the third quarter of 2006, compared to 1.01% in the second quarter of 2006.

The company also reported that it has repurchased 992,500 shares of its common stock during the quarter at an average price of $41.66 per share for an aggregate amount of $41.4 million.

The company also announced fourth quarter dividend of $1.90 per share on its common stock, which would be paid on January 31, 2007 to stockholders of record at the close of business on December 29, 2006. The company also noted that the ex-dividend date is December 27, 2006

For nine months, net income decreased to $275.92 million from $299.94 million in the comparable period last year. Net earnings available to shareholders dropped to $267.61 million or $4.72 per share from $297.09 million or $5.18 per share in the previous-year period. Net interest income for the period was $458.74 million, compared to $575.02 million in the prior-year quarter.

Looking forward, the company expects loan production volume to be up 10% lower than the third quarter and our non-prime net operating margin to be reduced by 10 to 20 basis points in the fourth quarter as a result of higher loan repurchases and discounted loan sales. Additionally the company expects portfolio income to be lower than the third quarter as the portfolio balance continues to decline.

Brad Morris, president and chief executive officer, said, "During 2007, we plan to distribute capital to stockholders through a combination of dividends and stock repurchases, which will be dependent on market conditions and the relative return of each." He added that the company would announce its plan to distribute $400 million or more to stockholders in 2007 in some form. The company also expects overall mortgage market volume to decline about 10%.

Hallo Cupra,
Bin in IMH, NFI, und jetzt NEW investiert.
IMH machen z.Zt. wenig Freude. Bleiben aber liegen, da gute Div.
NFI bezahlen je 1.40$ Div. im Nov. und Dez. .Natürlich sollten sie stark steigen während den nächsten Tagen und einen Kursgewinn von 20% bescheren, würde ich vorher verkaufen, da der Kurs nachträglich meistens fällt. Dieses Szenario ist, so glaube ich , kaum anzunehmen, mit dem regelmässig aufkeimenden Immoblasencrash.
NEW haben jetzt stark korrigiert. Da könnte Aufwärtspotenzial bestehen. Auzahlung erfolgt erst Ende Jan. Sollte der Titel wieder auf 42$ steigen würde ich natürlich gerne auf die Div. verzichten. :lol:
Eigentlich ist es schon so, man sollte die ganze Anlage einfach nicht mehr anschauen, liegenlassen und kassieren. Aber eben, die Erfahrung zeigt, dass man gut bedient ist, im US-Markt, wenn man bei einem 10% Kursgewinn wieder verkauft. (aktive PF Bewirtschaftung) Anstonsten ist man meistens der "Lackierte"
Schönes Wochenende.
Gruss Rich

Hallo Cybercrash,
Glaube ich muss Dich korrigieren. :wink:
Bei den von Dir erwähnten Aktien IMH handelt es sich um prefered Stock. Wir aber haben Common Stock Aktien. Next. Div. Declaration findet am 4.1.07 statt, Auszahlung am 23Jan.
Letzte Auszahlung war 13.Okt. mit 25cent.
Schönes Wochenende,
Gruss Rich

Zitat von Cupra

So der Cupra hat sich heute bei 30.10 wieder einmal ein Packet NEW aufgeladen, schlimmer kanns ja fast nicht mehr werden

Stop bei 27.70...

Gratuliere. Verfolge den Titel auch sehr genau, da auch eine Portion im PF. Kurs lag auch schon vor ein paar Monaten bei 30$ um dann gegen 50 zu steigen. Obs nochmals was wird? Habe mir mal ein Kaufziel bei 31$ gesetzt. Zuerst will ich eine Bodenbildung sehen. Was bis jetzt noch nicht der Fall ist. :cry:
Auch NFI, wie Cybercrash erwähnt hat erleiden Verluste. IMH haben support vor Ex. Div. 16.1. Dann werden die wohl auch noch Federn lassen.
Das gleiche stelle ich fest bei FRO u. VLCCF . Da sind Banker am manipulieren. Da bleibt uns Kleinaktionären nur eines: Cool bleiben, sich nicht von Panik leiten lassen, und das Gewitter vorbeiziehnen lassen. Und natürlich noch das Wichtigste; Div. kassieren... :lol:

Zitat von Cupra

So der Cupra hat sich heute bei 30.10 wieder einmal ein Packet NEW aufgeladen, schlimmer kanns ja fast nicht mehr werden

Stop bei 27.70...

Bravo. Scheinst den richtigen Punkt erwischt zu haben. Heute sattes plus.
Wollte eigentlich bei 31 rein, habe mich aber gestern für NFI entschieden.
Irgendwann werden auch hier die Shorties wieder einkaufen.
Gruss Rich

Zitat von Lancelot

Bin einige Zeit weg gsi. Aber nicht von der Börse.

Hab neulich ein paar NEW zu $23.25 gekauft. Offenbar ein wenig zu früh.

Soll ich nun zu $19.24 zukaufen?

Gruss, Lancelot

Hallo Lancelot,
Habe mir gestern auch überlegt. Aber habe mich dann entschieden zu verzichten. Bin schon stark genug in REITS investiert. Tief rot. Mehr kann ich nicht verantworten. Kann mir aber schon vorstellen, dass die Amis wieder einmal übertrieben reagiert haben. :cry: Für mich gilt die Devise durchhalten. Kommt schon wieder, und wenn es Jahre dauert. :wink:
Hier noch die Info , welches sämtliche REITS in die Tiefe stürzte. Mein English ist nicht so gut. Vielleicht kannst Du besser zwischen den Zeilen lesen was da abgeht.
Gruss Rich

New Century Financial To Restate Prior Period Results; Anticipates Net Loss In Q4, Reduction In Net Earnings For Prior Periods - Update



(RTTNews) - Wednesday evening, New Century Financial Corp. (NEW), a real estate investment trust (REIT), revealed that it would restate its consolidated financial results for the quarters ended March 31, June 30 and September 30, 2006, in order to correct errors the company discovered in its application of generally accepted accounting principles regarding the company's allowance for loan repurchase losses. The company said that, once restated, it anticipates a reduction in net earnings for the first three quarters of 2006 despite the ongoing review of the legal, accounting and tax impact of the restatements. Further, the company revealed the postponement of its fourth quarter and full-year 2006 earnings announcement, originally scheduled for February 8, 2007, to an undetermined future date. The company added that the earnings results for the fourth quarter would follow the filing of its amended Quarterly Reports on Form 10-Q for the prior quarters, and expects to report a net loss for the fourth quarter.

The Irvine, California-based company disclosed that it establishes an allowance for repurchase losses on loans sold, which is a reserve for expenses and losses that may be incurred due to the potential repurchase of loans resulting from early-payment defaults by the underlying borrowers, or based on alleged violations of representations and warranties in connection with the sale of these loans. The company stated that on repurchases of loans, it adds the repurchased loans to its balance sheet as mortgage loans held for sale at their estimated fair values, and reduces the repurchase reserve by the amount the repurchase prices exceed the fair values.

During the second and third quarters of 2006, the company noted that its accounting policies incorrectly applied Statement of Financial Accounting Standards or SFAS No. 140 - Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities. Specifically, the company said that it did not include the expected discount upon disposition of loans when estimating its allowance for loan repurchase losses. The company said that in each of the first three quarters of 2006, its methodology for estimation of the volume of repurchase claims to be included in the repurchase reserve calculation did not properly consider the increasing volume of repurchase claims outstanding that resulted from the increasing pace of repurchase requests in 2006, compounded by the increasing length of time between the whole loan sales as well as the receipt and processing of the repurchase request.

The company said that the foregoing adjustments were generally non-cash in nature and added that it had cash and liquidity in excess of $350 million at December 31, 2006.

New Century Financial said that, once restated, it anticipates a reduction in net earnings for the first three quarters of 2006 despite the ongoing review of the legal, accounting and tax impact of the restatements. Further, the company said that on account of the pending restatements, it previously filed condensed consolidated financial statements for the three quarters, ended March 31, June 30 and September 30, 2006, as well as all earnings-related press releases for those periods should no longer be relied upon.

The company expects to file amended Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2006 as soon as practicable, with an anticipated date of filing by March 1, 2007. The company also said that it expects the errors leading to these restatements constitute material weaknesses in its internal control over financial reporting for the year ended December 31, 2006. However, the company disclosed that it took significant steps to remediate these weaknesses and anticipates remediating them as soon as practicable.

The company said that its fourth quarter and full-year 2006 earnings announcement, originally scheduled for February 8, 2007, has been postponed to an undetermined future date, and added that the earnings results for the fourth quarter would follow the filing of its amended Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2006.

The company said that the increasing industry trend of early-payment defaults and, consequently, loan repurchases, intensified in the fourth quarter. Further, the company disclosed that it continued to observe the increased trend in its early-payment default experience in the fourth quarter, and added that the volume of repurchased loans and repurchase claims remained high. In addition, the company also said that, based on indicative market data, it currently expects to record a fair value adjustment to its residual interests to reflect revised prepayment, loss and discount rate assumptions with respect to the loans underlying these residual interests. The company also said that while it is still determining the magnitude of these adjustments to its fourth quarter 2006 results, it expects the combined impact of the foregoing to result in a net loss for the fourth quarter. NEW closed Wednesday's regular trading session at $30.16, up $0.13 or 0.43%. In after-hours trading, the stock lost $4.70 or 15.58% to close at $25.46.

Nach oben

Nachdem die Kurse der REITS ausgeblutet sind, kommen wieder Kaufempfehlungen. Heute plus 7%
Gruss Rich

Upgrading New Century Financial; We See Downside Risk To $10-11 In A Rescue-sale Scenario - Bear Stearns Comments



(RTTNews) - Thursday morning, Bear Stearns upgraded New Century Financial Corp. (NEW) stock to Peer Perform from Underperform. Analyst Scott Coren said the downgrade is based on less conviction that next big move is down.

The brokerage also cut its 2006 EPS estimate for NEW to $0.41 to reflect further analysis of impact of restatement and expected fourth quarter operating losses.

The brokerage also lowered its 2007 EPS estimate for the company to loss of $1.85 to reflect lack of profitability in the operating model currently and expectation for continued high level of repurchase-related provisions near-term.

Coren sees downside risk to $10-11 in a rescue-sale scenario. But he expects the NEW stock to rally back up to high-teens if management has a sound strategy to stabilize the business and improve liquidity. He also expects this trend if pending earnings restatement also proves to be less onerous than expected.

Concluding, given the roughly symmetrical risk/reward profile, the brokerage said, "We'd stay on the sidelines for now."