12.02.2007 09:34:00
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DGAP-News: U.S. Global Investors Inc.
DGAP-News: U.S. Global Investors setzt starkes Wachstum fort: Gewinn steigt um mehr als das Zweifache im 2. Quartal 2006/2007
U.S. Global Investors, Inc. / Quartalsergebnis
12.02.2007
Corporate News übermittelt durch die DGAP - ein Unternehmen der EquityStory AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. ---------------------------------------------------------------------------
U.S. Global Investors setzt starkes Wachstum fort: Gewinn steigt um mehr als das Zweifache im 2. Quartal 2006/2007
San Antonio, Texas, USA. 8. Februar 2007. U.S. Global Investors, Inc. (Frankfurt WKN: 580966; NASDAQ: GROW), eine spezialisierte Kapitalanlage-Beratungsgesellschaft mit Schwerpunkt auf Rohstoffe und aufstrebende Volkswirtschaften, gibt den Gewinn für das Quartal und die sechs Monate zum 31. Dezember 2006 bekannt. Der Gewinn hat sich zu den Vergleichszeiträumen des vorangegangenen Geschäftsjahres mehr als verdoppelt.
Der Gewinn von U.S. Global erreichte 2,46 Mio. $ bzw. 32 Cent pro verwässerter Aktien bei einem Umsatz von 12,42 Mio. $ im zweiten Quartal des Geschäftsjahres 2006/2007. Im gleichen Quartal des vorangegangenen Geschäftsjahres erreichte der Gewinn 1,17 Mio. $ bzw. 15 Cent pro verwässerter Aktie bei einem Umsatz von 7,76 Mio. $.
In den sechs Monaten zum 31. Dezember 2006 erreichte der Gewinn 4,94 Mio. $ bzw. 65 Cent pro verwässerter Aktie bei einem Umsatz von 24,33 Mio. $. In den gleichen sechs Monaten des vorangegangenen Geschäftsjahres erreichte der Gewinn 2,26 Mio. $ bzw. 30 Cent pro verwässerter Aktie bei einem Umsatz von 14,34 Mio. $.
Das Unternehmen hat einen Webcast (Pressekonferenz über das Internet) für 10 Uhr Zentral-Zeitzone am 9. Februar angesetzt zur Besprechung der wichtigen Finanz-Ergebnisse des Quartals. Frank Holmes, CEO und Chief Investment Officer, wird bei dem Webcast zusammen mit Susan McGee, President and allgemeine Beraterin, und Catherine Rademacher, Chief Financial Officer, auftreten.
'Wir haben seit langem einen Schwerpunkt auf wichtige aufstrebende Volkswirtschaften und Rohstoffe gelegt und diese ware die entscheidenden Treiber hinter der Fondsrendite und dem Wachstum des verwalteten Vermögens,' sagte Frank Holmes, CEO und Chief Investment Officer von U.S. Global Investors. 'Wir sind überzeugt, dass diese Sektoren weiter gute langfristige Chancen bieten, jedoch nicht ohne Zeitabschnitte mit starker Volatilität. Wir nehmen war, dass andere diese Einschätzung teilen, wie das wachsende Engagement von institutionellen Investoren in den Bereichen Rohstoffe und aufstrebende Volkswirtschaften nahe legt.'
Die englische Originalmeldung enthält weitere Angaben, wie Kommentare von Frank Holmes, insbesondere auch Details der Finanzzahlen des Quartals sowie rechtliche und Risikohinweise, und ist unten angeführt.
Für weitere Informationen wenden Sie sich bitte an:
U.S. Global Investors, Inc., San Antonio Terry Badger, Director of Communications Tel. +1 (210) 308-1221 tbadger@usfunds.com
AXINO AG Königstraße 26 70173 Stuttgart Germany Tel. +49 (711) 25 35 92-30 Fax +49 (711) 25 35 92-33 http://www.axino.de
U.S. Global Investors Continues Strong Growth Trend Company's Earnings More Than Double in Second Quarter of Fiscal Year 2007
San Antonio, Texas, USA. U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisor specializing in natural resources and emerging markets, today reported earnings for the quarter and the six months ended December 31, 2006, that were more than double the earnings for the corresponding periods in 2005.
U.S. Global earned $2.46 million, or 32 cents per diluted share, on revenue of $12.42 million in its second quarter of fiscal year 2007. In the same three months of 2005, the company's net income was $1.17 million, or 15 cents per diluted share, on revenue of $7.76 million.
For the six months ended December 31, 2006, U.S. Global earned $4.94 million, or 65 cents per diluted share, on revenue of $24.33 million. That compares to earnings of $2.26 million, or 30 cents per diluted share, on revenue of $14.34 million in the first half of fiscal year 2006.
The company has scheduled a webcast for 10 a.m. Central time on February 9 to discuss the company's key financial results for the quarter. Frank Holmes, CEO and chief investment officer, will be accompanied on the webcast by Susan McGee, president and general counsel, and Catherine Rademacher, chief financial officer.
'We've long been focused on key emerging markets and natural resources, and they have been the critical drivers behind our fund performance and asset growth,' said Frank Holmes, CEO and chief investment officer at U.S. Global Investors. 'We believe these sectors will continue to produce strong opportunities over the long term, though not without periods of sharp volatility. We're seeing others embrace this outlook as well, as evidenced by the growing commitment by institutional investors to commodities and the developing world.'
With regard to the outstanding proxy for GROW, Mr. Holmes said, 'The Wall Street Journal recently published a front-page story spotlighting an abusive tactic called 'empty voting' whereby rogue hedge funds borrow shares in order to manipulate shareholder votes in a proxy. Mark Hulbert of MarketWatch wrote a similar article published in the New York Times. We have seen high volatility in GROW shares that we believe may be amplified by such tactics. We do, however, expect to prevail in our effort to obtain shareholder approval for a stock split, which we believe is in the best interests of our shareholders. We recommend that GROW shareholders ask if their brokers are loaning out their GROW shares to these rogue hedge funds.'
Growth in revenue and net income in the latest three- and six-month periods compared to the same time in 2005 is mostly due to increases in advisory fee revenue associated with the increase in assets under management, as well as a significant reduction in expenses as a percentage of revenue.
Most of the new assets under management were attracted to U.S. Global's mutual funds focused on natural resources and global emerging markets.
U.S. Global's SEC-registered fund assets under management averaged $4.53 billion for the second quarter of fiscal 2007, compared to the average of $2.83 billion for the same period a year earlier. In addition, the company manages offshore funds that had average assets of $215 million in the latest quarter.
Selected financial data (unaudited) for the three months ended Dec. 31
2006 2005
Total Revenues $12,418,475 $7,760,832 Total Expenses $8,651,133 $6,047,942 Tax Expense $1,306,513 $545,300 Net Income $2,460,829 $1,167,590 Basic Net Income Per Share $0.32 $0.16 Diluted Net Income Per Share $0.32 $0.15 Basic Weighted Average Shares Outstanding 7,573,239 7,494,317 Diluted Weighted Average Shares Outstanding 7,632,065 7,612,235
Mutual Fund Average Assets Under Management $4.53 billion $2.83 billion
As of December 31, 2006, the U.S. Global Investors fund family had funds leading their peer groups and the overall mutual-fund sector in total return for time periods going back as far as five years, according to rankings published in the Wall Street Journal.
In the final three months of 2006, the Eastern European Fund (EUROX), the China Region Opportunity Fund (USCOX) and the Global Emerging Markets Fund (GEMFX) were among the top 50 performers among all U.S. mutual funds, according to the WSJ rankings.
For all of 2006, the World Precious Minerals Fund (UNWPX) and the Gold Shares Fund (USERX) were ranked in the top 20 performers among all U.S. mutual funds, according to the WSJ rankings. They were also the top two gold-oriented funds for the year.
And the World Precious Minerals Fund ranked first in total return among all domestic funds for the five years ended December 31, 2006, while the Eastern European Fund was third, the Gold Shares Fund was fourth and the Global Resources Fund (PSPFX) was fifth.
In its rankings, the Wall Street Journal analyzes data from a third-party provider. Its rankings include only the largest fund for those funds with multiple share classes.
About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company offers financial solutions and provides transfer agency and other services to U.S. Global Investors Funds and U.S. Global Accolade Funds.
With an average of $4.74 billion in assets under management for the quarter ended December 31, 2006, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.
Please consider carefully the fund's investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage Inc.
Performance data quoted above is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any fees described in the fund's prospectus (e.g. short-term trading fees) which, if applicable, would lower your total returns. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS, option 5.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Foreign and emerging-market investing involves special risks, such as currency fluctuation and less public disclosure, as well as economic and political risk. Gold funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The price of gold is subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in gold or gold stocks.
DGAP 12.02.2007 ---------------------------------------------------------------------------
U.S. Global Investors, Inc. / Quartalsergebnis
12.02.2007
Corporate News übermittelt durch die DGAP - ein Unternehmen der EquityStory AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. ---------------------------------------------------------------------------
U.S. Global Investors setzt starkes Wachstum fort: Gewinn steigt um mehr als das Zweifache im 2. Quartal 2006/2007
San Antonio, Texas, USA. 8. Februar 2007. U.S. Global Investors, Inc. (Frankfurt WKN: 580966; NASDAQ: GROW), eine spezialisierte Kapitalanlage-Beratungsgesellschaft mit Schwerpunkt auf Rohstoffe und aufstrebende Volkswirtschaften, gibt den Gewinn für das Quartal und die sechs Monate zum 31. Dezember 2006 bekannt. Der Gewinn hat sich zu den Vergleichszeiträumen des vorangegangenen Geschäftsjahres mehr als verdoppelt.
Der Gewinn von U.S. Global erreichte 2,46 Mio. $ bzw. 32 Cent pro verwässerter Aktien bei einem Umsatz von 12,42 Mio. $ im zweiten Quartal des Geschäftsjahres 2006/2007. Im gleichen Quartal des vorangegangenen Geschäftsjahres erreichte der Gewinn 1,17 Mio. $ bzw. 15 Cent pro verwässerter Aktie bei einem Umsatz von 7,76 Mio. $.
In den sechs Monaten zum 31. Dezember 2006 erreichte der Gewinn 4,94 Mio. $ bzw. 65 Cent pro verwässerter Aktie bei einem Umsatz von 24,33 Mio. $. In den gleichen sechs Monaten des vorangegangenen Geschäftsjahres erreichte der Gewinn 2,26 Mio. $ bzw. 30 Cent pro verwässerter Aktie bei einem Umsatz von 14,34 Mio. $.
Das Unternehmen hat einen Webcast (Pressekonferenz über das Internet) für 10 Uhr Zentral-Zeitzone am 9. Februar angesetzt zur Besprechung der wichtigen Finanz-Ergebnisse des Quartals. Frank Holmes, CEO und Chief Investment Officer, wird bei dem Webcast zusammen mit Susan McGee, President and allgemeine Beraterin, und Catherine Rademacher, Chief Financial Officer, auftreten.
'Wir haben seit langem einen Schwerpunkt auf wichtige aufstrebende Volkswirtschaften und Rohstoffe gelegt und diese ware die entscheidenden Treiber hinter der Fondsrendite und dem Wachstum des verwalteten Vermögens,' sagte Frank Holmes, CEO und Chief Investment Officer von U.S. Global Investors. 'Wir sind überzeugt, dass diese Sektoren weiter gute langfristige Chancen bieten, jedoch nicht ohne Zeitabschnitte mit starker Volatilität. Wir nehmen war, dass andere diese Einschätzung teilen, wie das wachsende Engagement von institutionellen Investoren in den Bereichen Rohstoffe und aufstrebende Volkswirtschaften nahe legt.'
Die englische Originalmeldung enthält weitere Angaben, wie Kommentare von Frank Holmes, insbesondere auch Details der Finanzzahlen des Quartals sowie rechtliche und Risikohinweise, und ist unten angeführt.
Für weitere Informationen wenden Sie sich bitte an:
U.S. Global Investors, Inc., San Antonio Terry Badger, Director of Communications Tel. +1 (210) 308-1221 tbadger@usfunds.com
AXINO AG Königstraße 26 70173 Stuttgart Germany Tel. +49 (711) 25 35 92-30 Fax +49 (711) 25 35 92-33 http://www.axino.de
U.S. Global Investors Continues Strong Growth Trend Company's Earnings More Than Double in Second Quarter of Fiscal Year 2007
San Antonio, Texas, USA. U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisor specializing in natural resources and emerging markets, today reported earnings for the quarter and the six months ended December 31, 2006, that were more than double the earnings for the corresponding periods in 2005.
U.S. Global earned $2.46 million, or 32 cents per diluted share, on revenue of $12.42 million in its second quarter of fiscal year 2007. In the same three months of 2005, the company's net income was $1.17 million, or 15 cents per diluted share, on revenue of $7.76 million.
For the six months ended December 31, 2006, U.S. Global earned $4.94 million, or 65 cents per diluted share, on revenue of $24.33 million. That compares to earnings of $2.26 million, or 30 cents per diluted share, on revenue of $14.34 million in the first half of fiscal year 2006.
The company has scheduled a webcast for 10 a.m. Central time on February 9 to discuss the company's key financial results for the quarter. Frank Holmes, CEO and chief investment officer, will be accompanied on the webcast by Susan McGee, president and general counsel, and Catherine Rademacher, chief financial officer.
'We've long been focused on key emerging markets and natural resources, and they have been the critical drivers behind our fund performance and asset growth,' said Frank Holmes, CEO and chief investment officer at U.S. Global Investors. 'We believe these sectors will continue to produce strong opportunities over the long term, though not without periods of sharp volatility. We're seeing others embrace this outlook as well, as evidenced by the growing commitment by institutional investors to commodities and the developing world.'
With regard to the outstanding proxy for GROW, Mr. Holmes said, 'The Wall Street Journal recently published a front-page story spotlighting an abusive tactic called 'empty voting' whereby rogue hedge funds borrow shares in order to manipulate shareholder votes in a proxy. Mark Hulbert of MarketWatch wrote a similar article published in the New York Times. We have seen high volatility in GROW shares that we believe may be amplified by such tactics. We do, however, expect to prevail in our effort to obtain shareholder approval for a stock split, which we believe is in the best interests of our shareholders. We recommend that GROW shareholders ask if their brokers are loaning out their GROW shares to these rogue hedge funds.'
Growth in revenue and net income in the latest three- and six-month periods compared to the same time in 2005 is mostly due to increases in advisory fee revenue associated with the increase in assets under management, as well as a significant reduction in expenses as a percentage of revenue.
Most of the new assets under management were attracted to U.S. Global's mutual funds focused on natural resources and global emerging markets.
U.S. Global's SEC-registered fund assets under management averaged $4.53 billion for the second quarter of fiscal 2007, compared to the average of $2.83 billion for the same period a year earlier. In addition, the company manages offshore funds that had average assets of $215 million in the latest quarter.
Selected financial data (unaudited) for the three months ended Dec. 31
2006 2005
Total Revenues $12,418,475 $7,760,832 Total Expenses $8,651,133 $6,047,942 Tax Expense $1,306,513 $545,300 Net Income $2,460,829 $1,167,590 Basic Net Income Per Share $0.32 $0.16 Diluted Net Income Per Share $0.32 $0.15 Basic Weighted Average Shares Outstanding 7,573,239 7,494,317 Diluted Weighted Average Shares Outstanding 7,632,065 7,612,235
Mutual Fund Average Assets Under Management $4.53 billion $2.83 billion
As of December 31, 2006, the U.S. Global Investors fund family had funds leading their peer groups and the overall mutual-fund sector in total return for time periods going back as far as five years, according to rankings published in the Wall Street Journal.
In the final three months of 2006, the Eastern European Fund (EUROX), the China Region Opportunity Fund (USCOX) and the Global Emerging Markets Fund (GEMFX) were among the top 50 performers among all U.S. mutual funds, according to the WSJ rankings.
For all of 2006, the World Precious Minerals Fund (UNWPX) and the Gold Shares Fund (USERX) were ranked in the top 20 performers among all U.S. mutual funds, according to the WSJ rankings. They were also the top two gold-oriented funds for the year.
And the World Precious Minerals Fund ranked first in total return among all domestic funds for the five years ended December 31, 2006, while the Eastern European Fund was third, the Gold Shares Fund was fourth and the Global Resources Fund (PSPFX) was fifth.
In its rankings, the Wall Street Journal analyzes data from a third-party provider. Its rankings include only the largest fund for those funds with multiple share classes.
About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company offers financial solutions and provides transfer agency and other services to U.S. Global Investors Funds and U.S. Global Accolade Funds.
With an average of $4.74 billion in assets under management for the quarter ended December 31, 2006, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.
Please consider carefully the fund's investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage Inc.
Performance data quoted above is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any fees described in the fund's prospectus (e.g. short-term trading fees) which, if applicable, would lower your total returns. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS, option 5.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Foreign and emerging-market investing involves special risks, such as currency fluctuation and less public disclosure, as well as economic and political risk. Gold funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The price of gold is subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in gold or gold stocks.
DGAP 12.02.2007 ---------------------------------------------------------------------------
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U.S. Global Investors Inc. | 2,30 | -0,86% |
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