Thar she blows!18 Feb 2011 12:51
Ahoy you scurvy landlubbers, anyone still onboard the good ship HCL?
Got some stormy weather on the horizon but I for one have decided to batten down the hatches and hold course.
Dispensing of the nautical chatter, we're having it a bit rough at the moment. Down around 20% in a month, for a reason check the BDI which is currently plumbing the depths of late 08' when the index fell of a cliff. Also I think we might have an II seller in Juiptar AM taking a reduced stake. Still, Im always hearing that shipping is cyclical, so as the SP retreats maybe the best thing to do is hold our nerve and look to accumulate. Afterall we were trading well below NAV at 80p, and much of the poor outlook for 2011 should be factored in. Im a weak buyer at these prices on HCL and GPRT. Weak, literally as Iv got next to no cash left anyway. GL and hopefully we'll come out at the other side smiling :) :)