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Thanks. I am aware that I have become a bit of a cheer leader for HLC. I am sure it will come good eventually - just wait for the market to catch up. Unfortunately they are not the type of company to give lots of updates. It is a very simple business and so it is just a case of watching shipping prices. Compared to most companies they make a lot of money and deserve a higher rating. Even though the downturn last year they made $18m profit, have $71m in cash, a NAV of $101m and yet only have a market valuation of 32m sterling. Given the rise in the shipping index and the fall in sterling, profits can only rise in sterling terms. It is ridiculous
I must commend you on your constant research. Hope your faith is well rewarded in due course.
When I first noted the panamax daily rate on 26th April is was $29,875. 12. Now 3 weeks later we are upto $35,502 today. I think this index has risen every day over the last few weeks. This, I think, is a reflection of demand from China, india and developing countries. I presently live in Peru and here exports rose 46% in the first quarter compared to last year.
Friday 14 May, 2010 Hellenic Carriers Ld Fleet Deployment Update RNS Number : 9078L Hellenic Carriers Limited 14 May 2010  Hellenic Carriers Limited Fleet Deployment Update Press Release 14 May 2010 M/V HELLENIC HORIZON TIME CHARTERED AT US$30,000 PER DAY FOR 5-7 MONTHS Hellenic Carriers Limited, ("Hellenic" or the "Company") (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, announces today that its wholly owned subsidiary Arkadia Maritime Corp. ("Arkadia"), the ship owning company of the M/V Hellenic Horizon, has entered into a time charter agreement with an unaffiliated third party Company for a period of 5-7 months at a gross rate of US$30,000 per day. The charter commenced on 11 May, 2010. The M/V Hellenic Horizon is a 44,809dwt Handymax built in 1995 at Halla Engineering & Heavy Industries, Korea.
Panamax daily rate 11th May 2010 $33,355 and on 11th May 2009 $16,688 Panamax rates are moving up every day. Hellenic is sure to start moving soon
Forum Energy just broke out of its decending wedge formation. Very very similar set up to HCL at the moment (although HCL is yet to breakout). Watch FEP to get a clue as to what HCL could do. (COULD being the operative word here!) Decending Wedge usually resolves itself 90% of the time to the upside (statistically - not just my interpretation). FEP recently got tipped in RHPS - that provided the impetus for the breakout. What will provide the impetus for HCL?? Interesting posts from Cielo regarding the Panamax shipping rates. Maybe a positive RNS will see things move in the right direction. 1WJM
Everything seems to be moving in the wrong direction! A sea of red. Got my eye on a couple of potentials for when things settle. CHU is hanging in there though (for now!) Good luck mate
Panamax rates are well over double last year's and continue rising. 30th April 2010 - $31,382 30th April 2009 - $12.040 http://www.dryships.com/pages/report.asp And yet the Hellenic price continues to fall?
CT7 got banned after getting into an argument with Chiffa. He got a bit lairy one night after booze, and went a bit over the top TBH. So now he comes on under different tags to take the odd swipe at Chiffa, and usually gets banned within a few posts. He called the Lloyds breakout and profit target down to tee. Very skillful chap - but strikes me as a "Good WIll Hunting" - gets himself into trouble! I've put some links up on that pattern on the CHU board. You will find that NGL, and BAY are both forming similar patterns ATM. From what I've read, they can be quite powerful platforms for a breakout rally. Not traded this pattern yet myself, but keeping an eye for opportunities, and will have a stab at it soon as I get a satisfactory breakout out situation on one of them. Speak Soon mate - 1WJM
Couple of similar set ups with the falling wedge occurring on a few other stocks - AV. and GKP. are on my radar for that pattern. Pointing this out not to ramp these shares at all, but purely for people to compare and contrast the patterns developing in HCL. It may or may not help you - you be the judge. Lloyds was a good example of one that worked out nicely and to the text book. Double bottom, and inverted head and shoulders further signified the imminent break of the upper channel line. This was all pointed out to me by a very experienced chartist (formerly known as CT7) - so credit must go to him for that and TIE. Worth doing a bit of homework on this historical case - HCL may show similar indications (wider market conditions awilling!) 1WJM
Thanks mate - I have been getting into this technical malarkey since we first met on PRL (or should I say POL now!) board. Find it very interesting stuff. Good to see you about - and I hope your doing well! I know your doing ok on NYO - I glance in every so often on that board. Riddler - do you know much about cup with handle basig patterns (William J ONeill Style) ? Do us a favour mate and take a little look at CHU, and tell me if you see what I think I can see. I'm waiting on a confirmed break above 53p. I think it might be nice if it happens. We'll have to see. Let me know what you think. Decent fundamentals there too. Kind Regards - 1WJM
Looks like it could be in a falling wedge formation. For all intents and purposes, and as unlikely as this may seem to anyone who has not studied technical trading, this can be a bullish set up. Watch for a break out above the upper channel line and expect a decent rally if it does. Obviously this will also be dependant on wider market factors also. But take a look at these links, and decide for yourselves whether the chart for HCL looks remotely like such a set up. GL guys. http://chart-patterns.netfirms.com/fallingwedge.htm http://www.trending123.com/patterns/falling_wedge.html P.s The best way to trade such a pattern - if your not already holding HCL and looking to buy in - is to WAIT until the upper channel line is broken on a break out. Good charting software can be found on Pro Realtime.com for free to help.
Sorry cielo, I cannot envisage any productive movement in this share for a while yet. However, having said that I continue to hold and may top up if the funds come available because I do not want to miss the rise when it happens. GL
Nice to see the panamax daily rate continuing upwards. http://www.dryships.com/pages/report.asp Now $31,005 against $13,386 12 months ago. These figures must surely start to be reflected in the share price soon?
Sorry, my mistake, 4 of the 6 ships are Panamax, not Supramax. The rates I noted are for Panamax. The also have one handymax and one supramax
If anyone has any doubts about where this share price is going, check http://www.dryships.com/pages/report.asp. 4 of Hellenic's 6 ships are Supramax. Their shipping index rate today is $29,875. !2 months ago today is was $14,054 Remember Hellenic has a market cap today of £43m sterling, declared an US$18m profit though last year's downturn. They also have US$71m cash and net assets of of US$101m Finally, If shipping rates have doubled you can be sure that Panamax ships are not sitting idle this year.
Yes was only joking there, totally agree with you. I'v got positions in 3 UK listed shipping companies, here Globus and Goldenport. May not see the highs of late 07 for years to come but the recovery is underway. These are cheap, undiluted and will pay handsome dividends when the world economy picks up. BUY and HOLD! ;)
I still have not changed my mind and would give you the same opinion today; be patient.
Treat yourself to a fishfinger sandwich :D
Im still on board, and just came back up on deck for a sneaky top up this week. I remember Tooldoctor telling me to be patient at 95p, well I wish Id had a rush of blood and sold at that price :) Actually tbh Im glad Im still holding, can see plenty of upside when this gets going, Would appear however that GLBS strategy of reconfiguring their fleet is being looked on more favourably. Cutting thieir fleet and purchasing brand new vessels, plus directors buy ins have seen it up over 100% in 6 months. In fact you could pick GLBS for 60 odd pence while HCL was hitting its highs of £1. On that basis I reckon the value is def here at the moment, goes Ex Dividend on the 28th so nows a good a time as any to BUY HCL! and thats a Captains Order :)
Yes I am still around, thought it might be longer before we next spoke though. Difficult to say why this share is not doing better but then again we are in a state of uncertainty. Lots of shares underperforming due to this. I have shares in one or two that I expected news on (PXS, PCI, AMC) for instance, none of which are flourishing. This is a good investment as I see it. Like the capacity and the age of the fleet, being relatively new, that is good business strategy. So we must wait longer for the benefits to accrue. Just hope we do not have a double dip recession and the Times on Sunday have the article about the FTSE being 6000 by year end turning out that way. You have obviously done your research and that should give you confidence in your decision. Best of luck to you, keep posting as and when, look forward to another chat soon.
Hi Tool doctor. Nice to see you still here. Any thoughts as to why so little interest in these. I have topped up today. I cannot see any short term downside unless there is a drop in international trade, which I just canno see. These are CHEAP. I suspect most people do not appreciate the that the baltic dry index is made up of several small er indexes. I certainly did not until recently.
My apologies.
52 Week Low 53.50p. Going off memory, i think it was around the 56p mark, could be a few pennis off.
You must be new to shares as these have not been at 56p for at least two or three years. Check your history and the share price.