Taylor Maritim Share Price (TMI)

Thanks for the explanation, candid, that makes sense.

My feelings are similar - share price is down because the charter rate and assets have been weak, but the trend is looking goo for the future.

Hi yes I am here ...I have looked at the interims..a mixed bag , on the positive side , the charter rates have gone up considerably since the half year end , so we should be in for a bumper second half year

The really bad news is that the value of the shipping fleet decreased by a huge amount , hence the size of the loss in the consolidated income statement

To answer your question , the capital costs DONT go through profit and loss they go through the Balance Sheet , if over the 6 months period though the value attributed to the size of the fleet falls ( just like if the value of your house falls ) then the reduction in value DOES go through the income statement as a loss on revaluation

Given that shipping charter rates have since increased substantially since the half year end , the value of the fleet should now increase in value , and that increase will show up as profit in the year end consolidated income statement .

I hope that makes sense

Candid

Anyone out there?

Anyone got any thoughts on the interims. I've only glanced through them - need to go back and have a deeper look. They seem to treat capital costs like normal revenue. Gets me confused. (And it doesn't take much.)

Only just seen so apologies for late reply. Yes I think things are moving in the right direction for the company. Dent from the acquisition is falling rapidly which is key. The thing that has resulted in the share price suffering is that chartering rates have fallen substantially. However, the company forward fixed a number of charters at very good rates. The next quarterly update on July 28 should be key and hopefully result in an improving share price. The board are young and ambitious with a lot of family money invested so I remain highly optimistic even though am down as well at the moment. But I have seen this as a buying opportunity to increase my holding. Good luck to all !

Ever since I discovered these the share price has dropped, and the exchange rate has worked against us making it even worse. yet all the news from the company suggest thigs are going in the right direction. I'm confused