Member Info for Riverboy

Hi Mike, Sam and all. I agree with your thoughts Mike but with the lunatics in charge in the White House you wouldn’t bet anything on what’s going to happen next. Trump doesn’t appreciate that it’s the Americans that will pay his tariffs, lowering their standard of living, increasing their cost of living in some cases substantially. With such a loose canon the future is even more difficult to forecast. With TM my own view is they are doing the right thing, I like the CEO reducing his salary, I would have liked to see the other directors following him as well. The telling point will be the size of the loss at the year end and how the complexities of virtually zero debt but vastly reduced turnover will equate to. Fingers crossed that America starts to see some common sense sooner rather than later. The rest of the world shouldn’t retaliate with a tariff war but concentrate upon trading with reliable friends. We will all feel the chill wind of a rise in inflation and countries that have managed their own economies in a fiscally prudent method will reap just rewards. That certainly doesn’t apply to the UK where we will feel more belt tightening and potentially more tax rises. Heads down and good luck all.

Hi Mike, sadly I have to agree with your thoughts, also I have sold 60% of my holding this morning, really hoping that I can buy back when the global situation shows signs of improvement. I cannot believe the decisions that seem to come from the Oval Office daily, I thought the Chancellor of the UK was bad enough but Trump takes first prize. I hope that the family and its co directors can weather this storm.

Hi Sam, apologies for the delay in replying but have had some things that kept me busy. That’s very interesting about the special dividend and thanks for that. Currently I am fully invested with a wide spread of assets and am staying with this until hopefully better days. Unfortunately I bought in at 1.15 so you can see the loss but only a very small part of our portfolio. The good news is the dividends have helped to ease the pain! Globally the world is in a mess but at least we now see a glimmer of hope with the Ukraine conflict. I think my wife and I are very lucky to have retired early (52 for me, now coming 75) and did a lot of travelling in the early days and we were able to see and experience places like St Petersburg, The Black Sea, Israel etc that are all now not possible. We did the far east, really enjoyed Thailand, Vietnam on our Hong Kong - Singapore cruise. I really envy you in the warmth rather than us freezing our nuts off in the UK. Being softy southerners doesn’t help either! Stay safe and keep up the interesting views and comments. Best wishes

Thanks Sam, as you say deeply frustrating and like you waiting to hear what the board has to say re the future. Having been invested some time here the BoD do issue their thoughts in a very measured way and the fact that they have a lot of money invested here is comforting. When I invested during mid 2022 (nursing a 40% loss now) the story was strong, I think it’s still strong and having over 40 years investing I still find it irritating the way market makers manipulate share prices and I still don’t trust the banks. Hoping for a brighter start for this company and the coming Spring.

Yes, I was trying to read up on this yesterday but particularly about “unknown” trades. An unknown trade seems to be a deal that the computer that is observing cannot tell from the price of the deal if it was a buy or sell. Talk about smoke and mirrors, I think the only way us amateurs can access this information is to buy into access? Perhaps better informed can cast more light on this? On a second point what is happening to the SP? Down nearly 28% in less than a month, the only encouraging thing I see is the directors have a lot of skin in here.

Thanks Sam, have to agree with your comments about the London markets. Ever since the banks got caught doing buy/sell deals between some of their traders to manipulate the SPs or bond/currency prices it’s been hard at times to read and understand what’s going on.

Can anyone offer any explanation for todays rise in the SP when there was £67k of sells against £6k of buys? The movement in this share price is really mystifying.

Thanks for that information Mike, to you and all on here a very happy Christmas and a peaceful and prosperous New Year!

Absolutely Sam, now waiting eagerly to see what Mike yourself and others with greater understanding here have to say over the next couple of days. But a very nice early Christmas present.

Hi Botak, the options are as follows:

A share buyback is a decision by a company to repurchase some of its own shares in the open market.

A company might buy back its shares to boost the value of the stock and to improve its financial statements.

These shares may be allocated for employee compensation, held for a later secondary offering, or retired.

Companies tend to repurchase shares when they have cash on hand, and the stock market is on an upswing. There is a risk that the stock price could fall after a buyback.

I am not sure what the end purpose here is, it would be interesting to know for sure.

Hi Mike, Sam/all, I agree with your thoughts here Mike but do feel we now enter a period of great uncertainty there are so many factors out effecting the SP that it’s a brave man to call it. I hope for a settled period of earnings, the end of vessel sales and some growth in freight rates that coupled with a rate cut (or at least no threat of a rate rise) might get us onto a rising trend. Good luck and best wishes to all onboard here.

That's good news, let's hope this is the start of an upward climb. With global news as bad as it is presently and talk of USA markets having a "correction" we could be in for a turbulent ride into the new year. Fingers crossed, good luck to all share holders here!

We could do with a run of good news, the Director buy pushed the SP up nicely only for it to drop back down again. This is one of the most frustrating shares I have ever held but hanging on as all the facts (as I see it) point to better times ahead but how far ahead I don’t know.

Morning Sam, agreed a good set of trends here in this report. I personally think the sale of the 40DWT was a requirement for cash, either to support the dividend or to reduce the debt a tad as a percentage. Having been a shareholder for a while I have followed the boards previous comments re debt reduction and they have always met their aims so I am happy to continue believing in them. Hopefully we will see a tickle up in SP and remain up subject to the weird behaviour of the market makers.

Thanks Mike for some fascinating interpretation of the figures, hopefully onwards and upwards.

Great news today on the NAV and dividend maintained at 2c some positive news giving a nice bounce to the SP.

Thanks Mike, it will be nice to get the next couple of months out of the way to get some clarity hopefully.

Thanks Sam, have tried to look myself but without luck.

Hi Sam, Mike and Krusty, have any of you any idea of the timing of the Singapore and South African delisting please, also is it expected to be approved or is someone going to put a spanner in the works?

Hi Krusty, yes a strong breakthrough but still more sells than buys. I find this SP deeply frustrating I just wish I could fathom the reason, I don’t suppose a director would voice an opinion on this?