Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Looks like that shower that joined the other day thought better of it. I'd expect this to follow similar trajectory to DOCs over next few weeks unless any big news! Drop the clanger, hammered by shorts for a fast buck then steadily back up again!
Smokey, My own view is Garat is probably a dead man walking. Overseeing a 6 fold constant decline in SP over 3 years is just abysmal but they need a succession plan in place rather than just show him the door. Nice to see this up a bit today. Looks like these are getting well bought up at these levels. Probably see the shorts decrease this week like at DOCS.
I prefer to stick to fairly easy to understand business models. This should be one of those. You run coaches & fill them with people at fares which are high enough to cover the costs (driver wages; fuel; depreciation etc) & you add a 15-20% premium on for your margin & that is it. This is why Stamp had to go. The financials are not being diligently managed!
Hindy i actually remember you talking about DARK on here when it was mid 200s i think & i saw it drop to 195 i was a bit tempted but it looked a bit of a basket case then. Same type of commentaries on here now tbh!
Yes, i sold a 30k holding in John Wood to buy 30k of these. Shortly after JW had t/o offer at 220. Just how it pans out sometimes. I really think people are overthinking this one though. It'll come back in time!
JG i think Hindy is referring to intraday lows.Not closing prices. The covid intra day low was 66.Close price was 91 on that day. 54 intraday in october. close 56 if i recall. I always thought on TA you went by close prices not intraday but i'm not really into all that stuff!
This share had a rights issue mid 2020 fully subscribed where investors were prepared to pay 220 per share for each rights share. At that time the whole fleet was non operational & staff were furloughed. Ask yourself: is the company really in a worse position now or perhaps 2 years from now than where it was then?
Talk of administration is just so daft. Watch the presentation.Stamp has stated.Covenant gearing is 3. Well within their limit of 3.5. They were prepared to pay a dividend at gearing of 2.8 & it was only pulled due to the realisation that deleveraging was going to take longer. Think longer term. In 2-3 years a buy at these levels could be yielding a dividend income of 20+%. There is no reason that cannot happen here as this is historically a dividend share. everyone is focused on the neagtive stuff but ignoring the positives that may happen in time!