Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Hi , I have never seen any . It is a very new company and seems to be almost ignored by many financial outlets. I strongly feel this will change as it’s an exciting story . A 2 year old company buys a 100 year old company ….. and will not stop there . Mike, three things I think of interest re profit . 1. Rates higher in last part of quarter and since. 2. Debt costs reducing at pace 3. Delisting grindrod. Huge saving both in money and indeed time and effort . Good weekend all.
A better day for the share. One purchase of £137,680 . Wish it had been mine ! Buys £250,154 Sells £14813 . The company is being run with rigid financial discipline and objectives. Not sure when but at some stage the market will have to take note.
Hi Mike, I am hoping in the coming weeks to find out if they have a target fleet number. Will advise if I find out. Agree with all your points. The charter rate for the last part of the quarter is really good as rates have increased further since that time . Prudent to keep money for hopefully the grindrod shares. The next step now is the Grindrod egm with a date presumably being given once the Singapore and Jo berg authorities have given the go ahead to the proposal
Hi all, not as good as Mike at analysing the figures but delighted with the dividend and also note the following.
1. NAV UP FROM US 1. 36 TO US 1.48
2.FLEET NET VLAUE UP FROM US743.4 TO US 793
3.MARKET CAP UP FROM £220 to £254.3
4. AVERAGE CHARTER COMBINED UP FROM US11997 TO US12430 . Really good news is the rate being achieved in the closing part of the quarter at US 13132
Pleased that debt to asset tmi has reduced further. In an ideal world would have liked the debt to asset for the two combined companies to not have slightly increased but prudent to hopefully prepare to pay for the remaining Grindrod shares. Will be fantastic if this is successful and will be voting for it with my admittedly small holding in Grindrod shares. Thats my attempt at analysing the figures. Over to my friends for comment.
With the slow release of the rns coupled with the earlier change in reporting date I decided to fully get out . Very disappointed if honest but as others have said there seems to be a history here not withstanding this mess of talking big but not delivering. Good luck to all who remain, I hope it comes good for you.
Silence, especially in that region , implies guilt. You need a response that your supporters can get behind. At the minimum you need to stabilise the share price. No rns, further falls
After series allegations that in my opinion will affect other opportunities I am surprised given the share price fall that there has been no response from a company that is normally so good at talking itself up . Concerning
Hi Mike , 25 agm grindrod shipping , 26 Taylor’s nav . I am hopeful that the company will be in profit as has always beaten the indexes . Re Grindrod vote it has to be 75 percent of those who vote . I would expect them to have visibility of the share register and to have spoken to any major share holders . Fingers crossed they succeed
That is a superb entry level . As I have said before I have a very large investment in this company but have always felt very confident about its future given its excellent ceo and team . The London market is a disgrace that penalises a growing company . Grindrod agm is next week which is very important , particularly as the current price is getting near to the buy out offer price. Then the 25th which I am positive about . In the meantime , enjoy the dividend . Very best of luck to all . But lastly , agreed . Share price movements have been bizarre
He was the representative for inl investments who had invested in the company . As you know if you make a large strategic investment in a company you normally earn/are offered a seat on the board . Will be interesting to see the next piece of news regarding inl. If they ever release it .
Can Burt work with anyone ? Only appointed in September , and left just over six months later . Unusual for such news to be in an rns. I wonder if it means the China agreement has issues/ ended and yet again the company has not briefed on the really important subject , for example last years stopping of production .
Really thought this would rise after such excellent results. Also surprised at number of sales of such a successful and growing company . The London stock market is just not a good place to be compared to the USA. I feel the likelihood of this company at some stage being bought out is very high if the valuation persists.
Hi Mike, yes . I believe delisting is the ultimate objective to simplify the structure of the company and further reduce costs . Very expensive to have three listings. Let’s hope they get the votes . Not easy this sort of thing under Singapore law.
Hi all , update is later this month and important as nav should be up and charter rates although fallen a little are still much better than at start of year . I am hopeful that the figures will further boost the share price…. Plus of course another good dividend
HL CONCERNS. Whilst I have this dividend being paid into II I have another that is paid into HL. Most recently HL failed to credit a dividend claiming that it had been lost on the day as a host of other company dividends had come in on that day and they had been over whelmed so it was never actioned. Three weeks later got the dividend with only an apology. HL require constant alertness.... and chasing. Good luck all
Thinking of investing here but are dividends taxed at 25 percent for uk holders ? Many thanks Anne