Buy Mercator Lines target of Rs 160 Religare: related news

Buy Mercator Lines, target of Rs 160: Religare

with a target price of Rs 160 in its June 16, 2008 research report. "On an expansion spree – fleet size doubled over last two years to 29 vessels with firm plans to ramp up to 33 vessels by December 2010. Also, an oil drilling jack up rig, scheduled for delivery in Q1FY09, has already been contracted for 3 years.Augmented fleet amid favourable day rate conditions to drive revenue and margins. Revenues expected to log 22.3% CAGR over FY08-FY10, with earnings CAGR of 28.6% and ROE of 30%."

Best Buy Launches Best Buy ExpressBest Buy is testing an automated kiosk for travelers in need of purchasing consumer electronics for their trip. Best Buy Express can be found in 12 major U.S. airports and features products and prices similar to thos

MINNEAPOLIS, BUSINESS WIRE -- Best Buy (NYSE:BBY), the nation's leading consumer electronics retailer, today announced that it will begin rolling out twelve Best Buy Express(TM) automated kiosks in major airports across the U.S. as part of a pilot program. Best Buy Express kiosks will offer a variety of products and accessories at familiar store prices that will appeal to business and leisure travelers alike. Best Buy has teamed with third party ZoomSystems to launch the test.

MERCATOR LINES LIMITED Consensus Recommendation: STRONG BUY

Company: MERCATOR LINES LIMITED Consensus Recommendation: STRONG BUY (Strong Buy: 2, Buy: 0, Hold: 0, Underperform: 0, Sell: 0) Quarter Consensus Estimate [Q2]: N/A FY Consensus Estimate [FY2009]: 17.38 Next FY Consensus Estimate [FY2010]: 24.18 Industry: TRANSP/SEATRAN Estimates reported in INR

ORA Changes EPS Estimate of MERCATOR LINES LIMITED: Current Recommendation is Buy

Company: MERCATOR LINES LIMITED Report Headline: "B&K: Mercator Lines - 1QFY09 Results Update" Report Date: July 31, 2008 Current FY EPS Estimate [FY2009]: 16.10 Previous EPS Estimate for Current FY [FY2009]: 16.10 Current Quarter EPS Estimate [Q2]: N/A Previous EPS Estimate for Current Quarter [Q2]: N/A Next FY EPS Estimate [FY2010]: 21.60 Previous EPS Estimate for Next FY [FY2010]: 21.60 Current Recommendation: BUY Research Firm: ORA Analyst: CHETAN KAPOOR RESEARCH ANALYST Industry: TRANSP/SEATRAN Estimates reported in INR

Mercator Lines Singapore arm acquires new vessel "YK Titan"

Mercator Lines (Singapore) Ltd ("Mercator") a leading Indian-owned International dry bulk shipping Company, today announced that it has taken delivery of its newly acquired vessel "YK Titan", and re-named it "Kanak Prem", As per the Memorandum of Agreement ("MOA"), Kanak Prem was scheduled for delivery between July 01 and August 31, 2008. This vessel was the first acquisition by Mercator since its IPO listing on December 14, 2007.

Best Buy to be first chain to sell coveted iPhone

Best Buy Co. will start selling the iPhone on Sept. 7, becoming first U.S. chain to do so outside of Apple Inc.'s and AT&T Inc.'s own stores. The announcement, expected today expands the availability of Apple's vaunted phone to 970 full-size stores and 16 smaller Best Buy Mobile stores. It's also a coup for the Minneapolis-based chain, which has been upgrading its cellphone departments. "We had a lot of work to do, obviously, to get in a position where Apple and AT&T would feel good about Best Buy Mobile carrying it, and that's what we've done in the last 18 months," said Shawn Score, president of Best Buy Mobile. Best Buy also resells Apple's Mac computers and iPod media players. Apple spokeswoman Natalie Kerris said the long-standing relationship between the companies was the reason Best Buy would now be able to sell the iPhone.

Best Buy Hosts Electronics Recycling Event This Weekend Residents in Littleton

What: Best Buy and Samsung partner to host a free consumer electronics recycling event Saturday, August 23 and on Denver's proclaimed Green Sunday, August 24 at the Southwest/Littleton Best Buy. The first 100 cars each day will receive a $5.00 Best Buy gift card. Best Buy is committed to fueling its growth worldwide as a responsible, values-driven global corporation. This means Best Buy aspires to make business decisions that are considerate of economic value to shareholders, the ethical responsibility of the enterprise and impact on people, communities and the environment. As a result, Best Buy has taken the lead on a number of environmental initiatives. We are pleased to bring our recycling initiative to Denver in conjunction with Green Sunday and the upcoming Democratic National Convention.

Mercator Lines announces 1st Quarter results for FY 2008-09

Mumbai, July 29 (ANI/Business Wire India): On a consolidated basis, Mercator Lines Limited has achieved an operating income of Rs. 492.90 crores as compared to Rs. 269.77 crores in the corresponding period last year.

Mercator Lines announces 1st Quarter results for FY 2008-09

Mumbai, July 29 (ANI/Business Wire India): On a consolidated basis, Mercator Lines Limited has achieved an operating income of Rs. 492.90 crores as compared to Rs. 269.77 crores in the corresponding period last year.

Mercator Lines Limited Announces 1t Quarter Results for the Financial Year 2008-09

On a consolidated basis, the Company has achieved an operating income of Rs. 492.90 Crores as compared to Rs. 269.77 Crores in the corresponding period last year. The consolidated profit from ordinary activities has increased to Rs. 106.18 Crores as compared to Rs. 71.29 Crores.

Accumulate Mercator Lines, tgt Rs 152: ULJK

with a target price of Rs 152 in its June 18, 2008 research report. "In the shipping segment, increased demand for shipping vessels will keep the rates buoyant in the dry bulk segment. MLL renewed its 4-year contract with Tata Power, a contract worth USD 320 million. This revision validates our view of firm dry bulk rates in the near future, which will have a positive impact on the profitability of the company. The fundamentals of the shipping business are strong, with China driving the demand for iron ore and India for coal imports."

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

TRADING SYMBOL: TSX - ML VANCOUVER, June 12 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Best Buy to Sell iPhones: The Symbiosis Grows

Best Buy (BBY) will start selling Apple’s iPhone in its stores and the relationship between the two parties has become quite symbiotic. For Apple (AAPL), Best Buy is a great distribution channel–Apple Stores are typically located in metropolitan areas and consumers may not stumble on an AT&T (T) store. Meanwhile, Apple is just solidifying an existing Mac distribution partnership with Best Buy by adding the iPhone. - The iPhone will be sold at Best Buy Mobile, which has been rolled out to its 970 stores. Best Buy sells Macs at 600 stores.

Best Buy to Install More Vending Machines at Top Airports

The Best Buy vending machine at Dallas Fort Worth airport will be just one of a series of "Best Buy Express" machines, according to new info from Best Buy itself. In partnership with ZoomSystems, Best Buy will install similar machines at Atlanta, Boston, Dallas, Houston, Las Vegas, Los Angeles, Minneapolis and San Francisco. So from September 1st you'll be able to buy cellphones, cameras and other digital goodness when you fly from one of these 9 locations. Be careful though: For some reason these machines are really good at tempting you. Maybe it's all the excitement of flying, but I so very nearly bought an iPod from a similar machine last year, and I didn't even need one. [AP News]

Buy Mercator Lines: Religare

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Mercator Lines forays into offshore biz

Mercator Lines has entered the booming offshore segment by contracting its first offshore oil drilling rig to Greatship India, reports DNA.

Mercator Lines fixes Book Closure for Dividend

Mercator Lines Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from July 07, 2008 to July 16, 2008 for the purpose of payment of dividend.

Best Buy Sells the iPhone; Sales Projections Raised

Apple (AAPL) and retailer Best Buy (BBY) got cozy with a “store within a store� pilot project a couple years ago. After a successful test, the pilot became a full-fledged roll out. Last week, Best Buy finished another project: a long effort to upgrade its cell phone sales department. (Best Buy Mobile shops are a a joint venture with Britain’s Carphone Warehouse). Putting the Apple and Phone upgrades together, Best Buy selling the iPhone would seem a natural fit. That’s exactly what was announced Wednesday.

Best Buy to Incorporate Music Centers

Richfield, Minn.-based Best Buy Co. Inc. is planning to use about 2,500 sq. ft. of retail space in dozens of its stores throughout the United States for musical instruments and accessories, according to the Associated Press. The consumer electronics retailer expects to open about 85 music centers within its stores by the end of this year in an effort to expand revenue opportunities as CD and DVD sales decline. "We're not just extending the shelf space in the store, we're creating a designated area specifically for this experience," said Kevin Balon, vice president of musical instruments for Best Buy. "And we're trying to create an authentic and genuine musical instrument store look and feel inside of Best Buy." Ten music centers have already opened in Best Buy stores in California, Illinois and Minnesota.

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