Barrick Gold completes merger with Randgold Resources; trades under the ticker GOLD

• The Canadian Barrick Gold (ABX) has merged with the British Randgold Resources (GOLD) on January 1, 2019.  
• The new company is still known as Barrick but its trading symbol on the NYSE will change to GOLD, the ticker formerly held by Randgold on NASDAQ. On the TSX, the ticker remains ABX.
• Gold miners' bearish cycle may have ended in mid-October. The probability of a golden cross occurring in early 2019 is now significantly high.

Barrick Gold (ABX) (old)

Barrick Gold (GOLD) (new)

 

Golden cross on $GOLD

It's the first bell of 2019, and the NYSE is celebrating the successful merger between Barrick Gold with Randgold Resources with their new ticker $GOLD

Barrick executive chairman John L. Thornton (center), and Mark Bristow, president and chief executive officer (center left), open the New York Stock Exchange on January 2, 2019. 

• The $18.3 billion-deal, which gained final approval in December, has created a sector-leading miner which owns five of the industry’s Top 10 Tier One gold assets and which is well placed to be the world’s most valued gold mining business, Barrick said in the statement.

The merger has created a sector-leading gold company which owns five of the industry’s Top 10 Tier One gold assets1 (Cortez and Goldstrike in Nevada, USA (100%); Kibali in DRC (45%); Loulo-Gounkoto in Mali (80%); and Pueblo Viejo in Dominican Republic (60%)), and two with the potential to become Tier One gold assets (Goldrush/Fourmile (100%) and Turquoise Ridge (75%), both in the USA). Barrick has the lowest total cash cost2 position among its senior gold peers3, and a diversified asset portfolio positioned for growth in many of the world’s most prolific gold districts.

Barrick approach community relations in Nevada (source)

The Summer Youth Employment Program, a Barrick-funded initiative, allows Shoshone youth aged 14 to 18 to gain valuable work experience in their communities. This past summer alone, 136 students participated in the program, performing jobs ranging from painting to community maintenance to elder care.

Shoshone interns. In all, Barrick provided funding for 18 Shoshone summer interns to work in their communities this past summer.

Rebecca Darling is Director of Corporate Social Responsibility for Barrick in the U.S.A.

====Wyndham Worldwide (WYN) discloses expected dividends for two post-spin-off companies

Wyndham Worldwide Corporation was founded in 1990.
Headquarters: Parsippany, New Jersey.
Sector: Consumer Cyclical
Industry: Lodging
Full Time Employees: 39,200
http://www.wyndhamworldwide.com

 

 After the spinoff: Wyndham Hotels & Resorts (WH), Wyndham Destinations(WYND)

Wyndham Worldwide discloses expected dividends for two post-spin-off companies  

Wyndham Hotels & Resorts, Inc. expects to pay a quarterly cash dividend of $0.25 per share beginning in June 2018, and Wyndham Worldwide Corporation, which will be renamed Wyndham Destinations, Inc., expects to pay a quarterly cash dividend of $0.41 per share beginning in June 2018. The dividends, in aggregate, are consistent with Wyndham Worldwide's current quarterly dividend of $0.66 per share.

• Following the spin-off, Wyndham Hotels & Resorts will trade on the New York Stock Exchange under the symbol "WH," and Wyndham Destinations will continue to trade on the New York Stock Exchange under the new symbol "WYND." Wyndham Hotels & Resorts is expected to begin "regular-way" trading on June 1, 2018.

Dominion Midstream (DM) reported earnings on Fri 27 Apr 2018 (b/o)

•   
  Update RICHMOND, Va., Jan. 28, 2019 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), and Dominion Energy Midstream Partners, LP (NYSE: DM), announced today that they have completed their proposed merger pursuant to the definitive merger agreement announced on Nov. 26, 2018.  The merger resulted in Dominion Energy acquiring all the outstanding public common units of Dominion Energy Midstream Partners in exchange for Dominion Energy common shares and Dominion Energy Midstream Partners becoming an indirect, wholly owned subsidiary of Dominion Energy.    

** charts before earnings **

 

** charts 5 days after earnings **

Dominion Midstream beats by $0.01, misses on revs

• Reports Q1 (Mar) earnings of $0.39 per share, $0.01 better than the Capital IQ Consensus of $0.38; revenues fell 15.4% year/year to $110.1 mln vs the $205.96 mln two analyst estimate.
• Adjusted EBITDA were $79.5 million for the first-quarter, and distributable cash flow was $52.1 million for the quarter. The distribution coverage ratio was 1.23 times at the end of the first-quarter.

Coach (COH) is changing its name to Tapestry (TPR)

• New website:  http://www.tapestry.com
• Effective October 31, 2017, Tapestry’s common stock will trade on the New York Stock Exchange under the symbol TPR.
• The name change, after all, follows Coach’s 2015 acquisition of the Stuart Weitzman shoe label for up to $574 million and its purchase of Kate Spade for $2.4 billion in May. And in July, Coach’s rival Michael Kors acquired Jimmy Choo (a brand that Coach was reportedly also considering acquiring) for $1.2 billion.

    

NEW YORK (AP) — To better incorporate all of the brands it now owns, the storied Coach company of New York is changing its name to Tapestry.

The luxury goods company that came to prominence in the "Mad Men" era now owns brands like Stuart Weitzman and Kate Spade & Co. as well. CEO Victor Luis said Wednesday that the name Tapestry is more inclusive.

Coach acquired Stuart Weitzman in 2015 in a deal valued up to $574 million. It spent $2.4 billion for Kate Spade this year, seeking to broaden its appeal. The Coach brand of bags and other goods is alive and well, but it becomes one of three brands sold by the company that will be called Tapestry.

"We are now at a defining moment in our corporate reinvention, having evolved from a mono-brand specialty retailer to a true house of emotional, desirable brands," Luis said in a company release.

A website with the new name, which becomes official at the end of the month, is up and running.

The change is part of Coach's pursuit of younger shoppers who may not feel the same draw to store windows on Manhattan's 5th Avenue.

Coach began as a small workshop in Manhattan in 1941, and became a fashion powerhouse in the early 1960s though innovate designs.

Coach Inc. will also be changing its ticker symbol on the New York Stock Exchange from "COH," to "TPR." Shares of the company declined more than 2 percent to $39.11 in morning trading.

Yahoo! Inc. (YHOO) is now known as Altaba (AABA)

On June 16, 2017, the company that remained after Verizon Communications purchased the internet businesses of Yahoo! Inc. was renamed Altaba Inc. On the United States Securities and Exchange Commission's website, they listed the new company as a "non-diversified, closed-end management investment company."
The Yahoo Inc. ticker symbol YHOO was retired in favor of AABA on June 19, 2017.

    

JDSU (JDSU) split into Viavi Solutions (VIAV) and Lumentum Holdings (LITE)

JDSU (JDSU) split into two different companies: Viavi Solutions (VIAV) and Lumentum Holdings (LITE).

     

• VIAVI Solutions commenced trading on NASDAQ Stock Market under ticker symbol VIAV on August 4, 2015.
• The JDSU ticker symbol retired from trading at the close of market today, August 3, 2015. 

Long trade : BRCM (5/15)

• pullback after large candle

Broadcom (BRCM) was acquired by Singapore-based  Avago Technologies (AVGO) for $37 billion in Feb 2016.
Avago took the Broadcom name after acquiring it in January 2016. The ticker symbol AVGO that represented old Avago now represents the new merged entity. The Broadcom Corporation ticker symbol BRCM was retired.