The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Been doing some digging on google. Cenkos gives the market to be more than 50,000 large cargo ships at a revenue in the low USD100,000's per ship. I found over 80% of tonnage is shifted by the top 10 shipping lines. Get one of these on board and it will be a few hundred ships.
Say one ship returns USD 200,000. 5 ships is a cool million, any one of the top four shipping lines has over 500 large vessels so potentially worth over USD100m.
Is it worth doing?
I found the daily fuel cost of around USD50,000 per day per ship, MarineEdge saves 15% = USD2.7m per year. The CAP-XX component of MarineEdge will pay for itself in a month.
If one does it, they all must do something?
Get 10% of those large cargo vessels and it is worth USD1 billion. And then there are 40000 cargo smaller vessels.
From here visualcapitalist.com
“Bloomberg reports that shipping accounts for 3% of the world’s carbon emissions. If the industry were a country, that would make it the world’s sixth-largest emitter.
Due to the growth of ESG investing, shipping companies have faced pressure to decarbonize their ships. Progress to this day has been limited, but there are many solutions in the pipeline.
One option is alternative fuels, such as liquefied natural gas (LNG), hydrogen, or biofuels made from plants. These fuels could enable ships to greatly decrease their emissions.
Another option is to completely do away with fuel, and instead return to the centuries-old technology of wind power.”
And now another is....
I found 90,000 ships out there too. The fuel they burn is a massive cost both operationally and environmentally. Marine Edge website suggests significant savings are possible. It should be of interest to most operators you'd think. If one operator takes it then do others have to follow? So what sort of scale might this be eventually? These are licensed products we don't have associated costs. Who knows about powering ships?
No of ships * % take-up * units per ship * deal on US$2,679.00 * ??? Ok complicated by various ship sizes. But nonetheless more interesting than most threads. Of course we can't get the right number and it isn't going to happen today but how much jam will there be? 90000 ships @ 10% take-up, one(!) unit per ship @ 50% (!) margin is 12 million USD. Make it 2% take-up and 5 units per ship , still 12 million. Go on, what numbers? 3Pps!
NAV per share increased 37% to US$0.48 (2020: $0.35). And that was at end Nov 2021, been a busy time since then on all fronts. What is the NAV now l wonder and when will that be reflected in the sp?
I suppose I'm asking "What is holding this back"?
It seems to me this potential nugget has an upper cap on the in he 33.5/34.5 range despite a recent flow of positive RNS and NAV valuations well above that range. When it hits that range a high volume sell get triggered and the price gets maintained. Maybe I'm over analysing this or could it be the raise in Nov at 28p taking 20% profit on top. Anyone else have a view? How many of those shares would be left to sell? Having posted this the SP will probably move and ill be left looking stupid. Happy days.
No it is a Reach Announcement communicating yet another new customer, yet another new application, there won't need any sales figures or profit guarantees included, it is a Reach Announcement. This sp has to correct soon. I suppose the next OSPost will be, "Can any one of you poeple who understand business tell me if you think there will need to be a raise to buy even bigger premises and even more production capacity to meet all the demand?".