| 1,200.00 | +20.0000 | 31-Jan-2012 16:02 |
| Bid / Ask | -- / -- | ||
| Day Range | 1,200.00 - 1,160.00 | ||
| 52w Range | 1,650.00 - 1,115.00 | ||
| VWAP | -- | ||
| Vol 1d v 5d | 891,609.00 v 207,400.60 | ||
| Beta | 0.94 | ||
| Free Float | 889.66M | ||
| Outstanding | 13.82B | ||
| Market Cap |
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| Target Price | EPS LTG | ||||||||||||||||||||||||||||||||||||||
| COP 1,422.50 Recommendation & Price Target Detail
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El investigador de tecnología social Paul Adams llamó la atención en los últimos años como un líder intelectual y un experto deseado por muchas empresas. Ahora escribió un libro.
Adams pasó de Google a Facebook el año pasado, cuando ambas empresas se preparaban para competir en redes sociales, su área de especialización.
No fue sólo una contratación al azar. Hace poco la revista Fortune llamó a Adams "uno de los más buscados de Silicon Valley". Adams se sumó a Facebook luego de que Google comenzara a desarrollar Google+, cuyo concepto central de "Círculos" de amigos puede rastrearse más o menos a algunas de las ideas de Adams sobre la forma en que las redes sociales deberían parecerse a las relaciones en la vida real.
Ese linaje es conocido públicamente porque una presentación que realizó Adams sobre el tema circuló ampliamente por la red en 2010. Trabajaba en convertir las ideas en un libro llamado "Social Circles". Luego de irse a Facebook, Google dejó sin efecto el libro, algo de lo que se quejó públicamente a mediados de 2011.
Ahora, Adams modificó algunas de sus ideas en un nuevo libro sobre la influencia social que apunta a especialistas en marketing. Llamado "Grouped: How Small Groups of Friends Are the Key to Influence on the Social Web", el libro fue publicado en diciembre en Estados Unidos.
De hecho, desde que se sumó a Facebook, Adams cambió su foco a trabajar en productos publicitarios, tanto como gerente de producto como investigador.
"Grouped" incluye algunos datos de su nuevo empleador. Por ejemplo, Adams escribe que un estudio interno de Facebook de mensajes privados, chats, mensajes en la pared y "me gusta" y comentarios en actualizaciones de estatus determinó que los usuarios se comunican directamente con un promedio de sólo cuatro personas por semana, y seis por mes.
Adams sostiene que apuntar a relaciones cercanas entre personas con estilos de vida similares puede tener el mayor potencial para el marketing.
A continuación, pasajes de una entrevista telefónica con Adams.
WSJ: ¿Qué hace ahora en Facebook?
Adams: Soy investigador, trabajo en productos publicitarios.
WSJ: "Grouped" se trata de cómo funciona la influencia. Cuéntenos la versión corta de su opinión.
Adams: El principal argumento que sostuve fue que, en un nivel muy básico sobregeneralizado, la gente es influenciada mayormente por sus amigos.
Hay un mito de "influenciadores" popularizado por "The Tipping Point" (El Punto Clave), de Malcom Gladwell. Es popular en el mundo del marketing porque si es verdad, es perfecto: sólo hay que encontrar a alguien que tiene muchas conexiones y su producto comenzará a venderse como pan caliente.
Pero la gente recibe la mayor cantidad de influencia de quienes los rodean, ya sea físicamente o emocionalmente. Muchos de nosotros tenemos influencia, y todos podemos ser influenciados, en el contexto apropiado. Se reduce a la relación que tenemos con la gente, y también la credibilidad.
WSJ: ¿Quiénes integran la audiencia a la que apunta "Grouped"?
Adams: El foco primario del libro era la gente que trabajaba en marketing. Coca-Cola, Nike, grandes empresas globales, pero también gente que trabaja en las agencias que contratan. Creo que es aplicable generalmente en muchas áreas de negocios, pero creo que esa es la comunidad que más lo necesitaba.
Durante los últimos 50 años, el marketing se trató de la interrupción, y es básicamente una carrera hacia el fondo. Todos estos tipos intentan pensar en formas más y más creativas de interrumpir a la gente. Tenemos una cantidad finita de procesamiento de información, y eso no va a cambiar en nuestra vida.
WSJ: ¿Cómo llegó a este libro desde el que comenzó a escribir sobre redes sociales en Google?
Adams: Son dos libros diferentes. El primero se trataba del comportamiento social; cómo se podría construir una red social que refleje el comportamiento del mundo real. El segundo libro, en mi mente, es un libro bastante diferente, pero con fuentes similares, porque es investigación canónica.
El primer libro... es bastante bien sabido que Google bloqueó el primero. Intenté persuadirlos de no hacerlo, pero no lo logré. Analicé mis opciones, y usé el mismo material como fuente y comencé un libro nuevo.
WSJ: ¿Cuáles son algunas de las fronteras por descubrir en cuanto a la influencia social?
Adams: Una de las cosas sobre las que estoy convencido es que hablo con agencias creativas —quienes crean todo el contenido para campañas publicitarias— y miran las distintas tecnologías y se preguntan si las están dejando pasar. Cuando hablo con ellos, digo: "Esta es una gran oportunidad. Todas estas plataformas —Facebook, Twitter, Google+— son contenedores de contenidos, y ustedes se especializan en crear buen contenido". Una vez que entienden por qué la gente comparte contenidos, es una oportunidad sorprendente.
WSJ: ¿Qué pasa con todo lo que Facebook les dice a los anunciantes sobre la forma en que recomendaciones de amigos e "historias auspiciadas" son mejores que la publicidad tradicional?
Adams: Eso sigue siendo verdad. Se remonta a la credibilidad y la influencia. Una métrica interesante es "probabilidad de compra", que es increíblemente difícil de mover, y estas campañas de amigos suelen moverla. Pero la gente se olvida de que el contenido es muy importante, si tan sólo puedo lograr que mis amigos lo compartan.
Fuente: Wall Street Journal
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
By Robert Cyran
NEW YORK, Jan 31 (Reuters Breakingviews) - Apple’s AAPL.O creative destruction machine has claimed another scalp: RadioShack RSH.N. Shares of the U.S. electronics retailer lost nearly a third of their value after it slashed its earnings projections. RadioShack is largely a bet on Android – and lesser mobile operator Sprint S.N. With Apple grabbing more share, and keeping more of the spoils, that bet has gone bad.
RadioShack made its name selling capacitors, cables and components for electronic items like ham radios. For a while it had few rivals, so margins were high. The shift toward ready-made gadgets and the growth of superstore rivals like Best Buy BBY.N nearly doomed the firm. But cell phone sales saved RadioShack’s bacon - they now account for about half of revenue.
Unfortunately, the competition in that arena has gotten fierce. Everyone from Best Buy to Wal-Mart WMT.N to Verizon VZ.N stores now sells handsets. That’s one reason gross margins at RadioShack fell to 35 percent in the quarter. The company’s suspension of share buybacks indicates its own executives expect business to get a whole lot tougher.
It’s easy to see why. Apple’s iPhone sales more than doubled in the fourth quarter and are now neck and neck with Android, on which RadioShack has staked its fortunes. Though plenty of companies make phones powered by Google’s GOOG.O operating system, the differences between these handsets are often relatively minor.
That forces Android manufacturers to compete on price. Operators like Sprint offer limited subsidies to buyers, allowing retailers to capture profits by persuading customers to walk out with specific handsets. But there’s only one iPhone maker. Apple can barely keep up with demand and already sells the device through its own stores.
The upshot is that Apple has little incentive to cut prices or offer competing retailers favorable terms. Apple offers a Hobson’s choice. Pay up, or don’t get iPhones and lose customers. That’s why struggling Sprint agreed last year to heavily subsidize Apple purchases. Apple’s success leaves operators and retailers scrabbling over the scraps.
As one of the weaker retailers in the business, it’s not surprising RadioShack has become collateral damage. But it’s also unlikely to be the only victim.
JAKARTA, Feb 1 (Reuters) - Morgan Stanley MS.N is finalizing a deal to buy a brokerage seat in Indonesia from PT Tiga Pilar Sekuritas to enable it to tap growing financial markets in Southeast Asia's biggest economy, five sources said on Wednesday.
A full broking licence, which is awaiting regulatory approval, will allow Morgan Stanley to cover the secondary side of sales and trading as well as research in a G20 economy that was recently lifted by rating agencies to an investment grade, said the sources who have direct knowledge of the deal.
The deal appears to have trumped efforts by Goldman Sachs GS.N, which was initially in talks with Tiga Pilar last year and had completed due diligence, a deal structure and valuation for the Jakarta-based securities firm. [nL3E7KC1V2]
However, a lack of progress with Goldman led Tiga Pilar's owners to start discussions with Morgan Stanley, according to three of the sources, who declined to be identified because the talks were private.
"The deal is almost done and the regulator is looking at it now," said one of the sources, adding that the process could be completed before the end of the first quarter.
The sources declined to give the financial value of the deal.
Tiga Pilar, Morgan Stanley and Goldman declined to comment.
Morgan Stanley has hired James Brewis, a former head of sales at UBS's UBSN.VX Indonesian unit, as its head of Indonesian equities, and plans to hire more salesmen, traders and research staff in coming months, according to three of the sources.
Morgan Stanley secured an underwriting licence in 2008 but is seeking a bigger presence through a full-fledged broker licence, while Goldman does not have an underwriting or broking licence in Indonesia.
(Reporting by Janeman Latul and Andjarsari Paramaditha in JAKARTA, and Saeed Azhar in SINGAPORE; Editing by Neil Chatterjee and Matthew Bigg)
((janeman.latul@thomsonreuters.com)(+6221-384-6364)(Reuters Messaging: janeman.latul.reuters.com@reuters.net))
LONDRES (Reuters) - El delantero argentino Carlos Tevez, quien se encuentra exiliado en su país por propia decisión, apeló a la Liga Premier del fútbol inglés contra la multa de seis semanas que le impuso el Manchester City por haber retornado a su hogar sin permiso en noviembre.
El club que actualmente lidera la Liga Premier aplicó la sanción contra el jugador de 27 años luego de encontrarlo culpable de mala conducta grave el 22 de diciembre.
Un especialista en medios que trabaja para Tevez confirmó a Reuters que se había presentado la apelación y que la misma debería ser oída por la liga inglesa en algún momento en febrero.
Tevez ha estado en disputa con su club desde que desobedeció órdenes del entrenador Roberto Mancini y se negó a precalentar e ingresar como sustituto en un partido con el Bayern Munich en septiembre en Alemania, por la Liga de Campeones. No volvió a jugar desde entonces.
Medios británicos reportaron la semana pasada que hasta el momento Tevez ha perdido unos 9 millones de libras esterlinas (14,11 millones de dólares) en sueldos y primas. El delantero ya apeló una vez contra la sanción, pero su pedido fue desestimado el 7 de enero tras una audiencia interna del club.
A pesar de especulaciones sobre posibles transferencias de Tevez a los italianos AC Milan e Inter de Milán, o de presuntos retornos al Corinthians de Brasil o a Boca Juniors de Argentina, el City no aceptó ninguna oferta sobre el jugador.
Con el mercado de pases de enero cerrando el martes, parece probable que Tevez siga siendo jugador del City, al menos legalmente y hasta el final de la temporada, lo que significa que el punto muerto entre ambas partes continuará por varios meses más.
(1 dólar = 0,6377 libras esterlinas)
(Reporte de Mike Collett; Editado en español por Damián Pérez)
© Thomson Reuters 2012 All rights reserved.
| 27,660.00 | +460.0000 | 31-Jan-2012 15:50 |
| Bid / Ask | -- / -- | ||
| Day Range | 27,700.00 - 26,500.00 | ||
| 52w Range | 29,689.11 - 25,006.60 | ||
| VWAP | -- | ||
| Vol 1d v 5d | 8.65M v 275,652.40 | ||
| Beta | 1.03 | ||
| Free Float | 174.13M | ||
| Outstanding | 509.70M | ||
| Market Cap |
| ||
| |||
| 5 yr CDS (par spread) | -- | ||
| Today % | -- | ||
| 1w % | -- | ||
| Analyst Rec Rating | ||||||||
| Contributor | Analyst | Current Recommendation | Recommendation Date | Review Date | Overall | BIC.CN | Price Target (COP) | Price Target Date |
| SANTANDER | Molina, Boris | 3 - HOLD | 07-Nov-2011 | 14-Dec-2011 | insuf-hist | 33,400.00 | 14-Dec-2011 | |
| ITAU BBA | Sanchez, Regina Longo | 3 - SECTOR PERFORM | 22-Sep-2011 | 31-Jan-2012 | insuf-hist | insuf-hist | 38,510.00 | 22-Sep-2011 |
| INTERBOLSA | Restrepo, Jos? F | 3 - NEUTRAL | 19-Sep-2011 | 31-Oct-2011 | 30,300.00 | 11-Jan-2012 | ||
| BTG PACTUAL | Nishio, Eduardo | 3 - NEUTRAL | 27-Jan-2011 | 09-Nov-2011 | insuf-hist | insuf-hist | 33,890.00 | 04-May-2011 |
| CELFIN CAPITAL | Dauder, Juan Camilo | 3 - HOLD | 20-Jan-2011 | 07-Nov-2011 | insuf-hist | insuf-hist | - | - |
| LARRAIN VIAL | Castro, Johanna | 1 - BUY | 28-Dec-2010 | 08-Nov-2011 | insuf-hist | insuf-hist | 34,500.00 | 08-Nov-2011 |
BOGOTA, Jan 31 (Reuters) - Colombia's unemployment rates fell in December versus the same month last year, the government's DANE statistics agency said on Tuesday.
The urban unemployment rate in the Andean nation, based on surveys in Colombia's 13 biggest cities, decreased to 10.4 percent in December versus 11.3 percent in December 2010.
Colombia's urban rate is more closely watched by financial markets than the national figure because close to 70 percent of the country's workforce is in large cities.
The national unemployment rate went down to 9.8 percent last month from 11.1 percent in the same month in 2010, the DANE statistics agency said.
The jobless figures are not seasonally adjusted and can be volatile, depending on factors like peak shopping and vacation months when retail and tourism employment generally rises.
By Helen Murphy and Luis Jaime Acosta
BOGOTA, Jan 31 (Reuters) - Colombian energy company Colinversiones CLI.CN may tap capital markets as soon as next year to help finance a $700 million hydroelectric project and is also looking to invest overseas, its chief executive said on Tuesday.
Latin America's No. 4 economy is trying to boost power generation capacity as electricity demand - whose rise and fall can signal bottlenecks - increases in line with Colombia's fast-growing economy.
Colinversiones, the nation's fourth-biggest electricity generator, plans to raise financing for a 352 megawatt-capacity plant using a mixture of cash, international loans or domestic bank credit, CEO Juan Guillermo Londono said.
The company also could seek to issue shares or bonds when market conditions allow, Londono told Reuters in an interview.
"We will define the mix as financial markets show which is the best in terms of cost, maturity, guarantees and exchange risks," he said.
"Right now we don't have any need to go to capital markets; the project has a gradual investment curve ... I'd say from 2013 onward."
Colinversiones or Compania Colombiana de Inversiones - once a sprawling holding with investments in tobacco, hotels and wood pulp - has sold off most non-core assets in recent years to focus on the electricity industry.
The Andean nation needs increased electricity generation and distribution to supply the burgeoning economy, and has allocated a range of new power projects to boost its installed capacity from the current 13,200 MW.
Investors are flooding Colombia to buy into the energy, infrastructure and mining sectors after a 10-year U.S.-funded offensive against insurgent groups made the country safer to do business.
Production at the Porvenir II plant in central Antioquia province is expected to be 1.4 terrawatt/hours and it will go into operation in 2018, he said.
The company currently has around 1,800 MW of installed capacity.
Colinversiones plans to invest $230 million in four electricity projects locally this year and has another $250 million in shares and other assets it could use to spend overseas if the right opportunity comes up, Londono said.
The utility provider is eyeing assets in countries such as Peru, Chile, Panama, Guatemala and El Salvador, he said.
While Colombia's mountain ranges filled with coal and above average rainfall is ideal for both hydro and thermal electricity, Colinversiones is also analyzing possible alternative energy projects like wind and solar, Londono said.
(Editing by Jack Kimball and Lisa Shumaker) ((helen.murphy@thomsonreuters.com)(+571-634-4139)(Reuters Messaging: helen.murphy.reuters.net@reuters.com))
Keywords: COLOMBIA COLINVERSIONES/
© Thomson Reuters 2012. All rights reserved
BOGOTA, Jan 30 (Reuters) - Colombia's central bank unexpectedly raised its benchmark interest rate on Monday as policy makers opted to stave off inflationary pressures and cool credit growth while keeping an eye on the local currency and global financial turmoil.
It upped the rate 25 basis points to 5 percent.
(Reporting By Jack Kimball) ((Jack.kimball@thomsonreuters.com; +57 1 634 4090; Reuters Messaging: jack.kimball.reuters.com@reuters.net))
NEW YORK, Jan 20 (IFR) - Bancolombia announced through the local regulatory agency today it sold some 44m of 64m shares meant to be issued at COP27,180 per preferred share, according to a SEC filing. The remaining 20m shares will be offered in the form of American Depository Receipts (ADRs) on the New York Stock Exchange. Bancolombia was one of the co-investors in GrupoSura?s acquisition of ING?s Latin American assets, and has raised USD638m of the some USD900m needed to participate in the equity sale, according to a local Colombian banker associated with the deal. The shares will trade on the New York Stock Exchange under the ticker ?CIB.? The preferred shares in Colombia trade on the Bolsa de Valores de Colombia
under ?PFBCOLOM.? (Joan.Magee@thomsonreuters.com)
© Thomson Reuters 2012. All rights reserved.
By Valerie Volcovici
WASHINGTON, Jan 31 - Home to dozens of oil, gas and power firms, Houston stands to emerge as the nerve center for the world's second-largest carbon market when California emission permits start trading in 2013.
In an ironic twist, ICAP Energy, Vitol VITOLV.UL and JPMorgan JPM.N, as well as several other international banks, will run desks aimed at cutting emissions while sitting in offices in the country’s biggest polluting state.
“At this point, California carbon is being seen largely as an extension of the energy business and Houston is the main hub for energy,” said Henrik Hasselknippe, director of global project development at the Green Exchange.
Banks, brokers and trading houses will join nearly a dozen Houston-based power, oil and gas companies who will face caps under California’s cap-and-trade scheme and trade permits from Texas.
“It’s very safe to say that Houston should have a vibrant capacity to do some carbon trading, specifically for the California market, specifically because we have a vibrant energy trading sector here,” said Mithun Rathore, a broker at Amerex.
Companies subject to caps “are already attributing or correlating carbon compliance with West Coast power trading, so there is a good number of companies assigning their carbon trading to their west power traders, who are pricing into the forward curve,” he added.
While New York is a more suitable base for financial trade, specialized energy-related commodities, such as carbon, have a hard time competing there.
“The carrying costs of New York are very expensive. When you compare to the benefits from general financial trading – it may not be enough to compete,” said Victor Flatt, an environmental law professor at the University of North Carolina.
TESTING THE MARKET
Trade in California Allowances, or CCAs, has been piecemeal so far, but analysts predict activity will take off in the second half of the year, when companies facing caps are cleared to begin buying pollution permits.
Barclays Capital was an early player in the California carbon market, having traded the first forward CCAs in November 2010, but has since closed its New York emissions trading desk, citing the uncertain regulatory environment and poor margins.
But Barclay’s move to close operations is not a common trend seen at other institutions.
One vice president of power and gas at an international bank who requested anonymity said his team “has to follow” California carbon, but has so far only bought a small amount of allowances in preparation for a larger market.
Meanwhile, Fabio Nehme, general manager for environmental products at the Houston office of energy company EDF Trading, said his firm was “getting organized” to be able to engage more actively in the market once trading volume becomes more robust.
Amerex’s Rathore said he expects the larger California emitters in the power sector to start becoming active in pre-compliance trade by the second quarter of the year, ahead of the first auction of CCAs.
But liquidity should increase later this year or next year when large energy companies that export oil and gas to California, prepare join the mandatory market in 2015.
“It’s smart to start understanding the market early,” he said. “Once the clock starts ticking you want to make sure you are not caught with your pants down.”
CALIFORNIA JOBS
Tim O'Connor, director of California climate policy for the Environmental Defense Fund, said it is natural for trading to start in Houston because there was an infrastructure already in place.
But as demand for permits increases, he said he expects California's cities to create new jobs for lawyers, consultants and traders who understand the state's market regulations.
"I think what we will see is increasing pressure for people who are here in California who know the California landscape and how the market works," he said.
He added that despite the fact that some California carbon market jobs will be based in Houston, it does not mean "green jobs" will be lost in the state -- a criticism of opponents of cap and trade.
O'Connor said the program will generate new jobs in companies specializing in energy efficiency, renewable energy and clean technology.
(Published by Thomson Reuters Point Carbon) ((valerie.volcovici@thomsonreuters.com))
(Published by Thomson Reuters Point Carbon)
LONDON, Jan 31 (Reuters) - A growing number of traders, brokers and advisors are looking for jobs outside traditional carbon markets amid weak prices and consolidation of the sector into fewer hands, recruitment consultants told Point Carbon News.
Before the financial crisis of 2008, when the political backing of carbon markets was at its height, trade in carbon dioxide was hyped as having the potential to become even bigger than crude oil.
But the willingness of some of the world’s biggest financial institutions to have a high profile in the sector - and staff numbers to match - has been sapped by a succession of setbacks.
These include the failure to agree a meaningful international climate deal in Copenhagen in 2009, growing criticism of the Kyoto Protocol’s carbon markets and a series of scandals involving fraud in the EU Emissions Trading Scheme.
“If people want to find work in this market they have to be prepared to be mobile. The carbon market is now opportunity-short and candidate-long,” said Mike Brennan, chief executive of Human Capital Resources, a UK recruitment consultancy that specialises in carbon and climate finance.
Although overall traded volume in the carbon market grew 19 percent in 2011 – according to analysis from Thomson Reuters Point Carbon – the monetary value of transactions only grew 4 percent last year to 96 billion euros ($125 billion).
Record low prices and uncertainty about political support for carbon trading have eroded faith that the sector offers secure employment.
Efforts are now afoot at EU level to intervene to support prices, but trading houses are still scaling back operations.
In the past year, Barclays Capital, Bank of America Merrill Lynch, Mercuria, Natixis, Societe Generale and Tullet Prebon have scaled back the size of their carbon desks amid disillusionment that emissions trading has failed to live up to its potential.
And despite the perceived availability of carbon trading jobs with utilities, which day-to-day are the biggest buyers of EUAs, some power generators such as Switzerland’s Alpiq have cut the number of staff on energy trading desks.
Collapsing demand for U.N offsets in Europe, and uncertainty that these credits will be needed in emerging carbon trading schemes, means the project-based carbon market is also fast shedding jobs around the globe.
The price of Certified Emission Reductions (CERs) have fallen from all-time high of around 23 euros in 2008 to a record low of 3.28 euros earlier this month, hitting the share price of listed offset developers Camco and Trading Emissions.
But the development of wind farms, hydroelectric power, biomass and energy efficiency in poorer countries, where demand for cleaner energy is booming, has become less dependent on revenue from selling CERs, according to developers.
With the EU market arguably going through its lowest ebb since its inception, those with specialist carbon knowledge are looking elsewhere to advance their careers in places such as China and Australia.
“Chinese pilot trading schemes are still at a very early stage of development. So the focus for project developers probably turns to Australia, but there may be many projects seeking relatively few buyers,” said Garth Edward, head of carbon trading at PetroChina.
Amid gloom in Europe and uncertainty in Asia, North America is offering a beacon of hope through California’s launch of a carbon trading scheme by the start of 2013, with markets in U.S. and Canada doubling in size to $782 million last year, according to analysts.
California, which will be part of the wider Western Climate Initiative of western states and provinces to use markets to cut emissions, will give preferential treatment to domestic offsets, proving a boon for North America-based project developers.
With opportunities dwindling in longer-established carbon markets, those with expertise are turning increasingly towards activities such as measuring the carbon footprint of companies, said Olivia Anderson, a consultant with recruitment firm Acre.
“The climate and clean energy-related sectors aren’t as buoyant as they once were but there are still opportunities if people broaden out from carbon markets and climate finance,” she said.
(Reporting by John McGarrity) ((john.mcgarrity@thomsonreuters.com))
| Open: | 0.80 | Day's Range: | 0.80 - 0.80 | Volume: | 40,000,000 | Bid: | 0.79 |
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| Previous Close: | 0.82 | 52wk Range: | 0.74 - 1.23 | 1-Yr Rtn: | -2.44% | Ask: | 0.82 |
