Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I agree with you fully. CEO and directors asleep whilst this now plays out and appear helpless. Up till now I have reinvested dividends but no longer. Will take the cash. Also will reduce when possible but big loss at present. For much of the year a wall of silence from the company and of course no investments
Hi Mike , a great post from you . I have been hugely down on this like many but have continued buying as believed in company. Was obviously concerned about huge losses on paper but always felt it was going to come good. This is very much the start of that so all rather exciting.next figures should be such that the city cannot ignore
Hi riverboy , yes I do . Debt has been paid down which releases more money and the integration of grindrod is really going well and gathering pace . Personally I am very positive about the future . The sad fact is the London stock market does not reward a company growing, it is only interested in immediate results. Secondly it prefers a share issue to fund acquisition's where it can make money which is at the cost of existing shareholders . Taylor’s did not do that . This is a VERY young company which I am convinced from their statements they have the intention of growing . The London market is only interested in today but stronger and stronger results will be impossible to ignore .
Good morning krusty, so yes this time it is me. In my view this is only going one way. so bought more this morning. Given my uncomfortable feeling about the UK I moved some money out of 'safe' financial companies such as L and G into Taylors this morning.
Hi Roger, sadly that was the conclusion I made some time ago and took my hit accordingly. Personally I thought he looked extremely uncomfortable in the interview. Presumably not withstanding my huge backing of this company earlier I will be accused like you of being one of its knockers which seems to be levelled at anyone who now has severe doubts and questions the integrity of the ceo
Hi Krusty , don’t I wish lol !!!!! But definitely interesting tunes ahead . I went over the figures yesterday . In a very short space of time the debt pay down from the acquisition has been astonishing, esp given poor charter rates . Let’s also remember that existing holders did not have their share holding diluted by any share issue, quite a rare event these days . We are now have a fleet of very modern all Japanese vessels with the addition of a couple of newly built vessels that have greater carrying capacity overall . Personally I feel the London market valuation of such a well run and growing company is a joke .
Hi Trek, welcome back. I agree in seeing this at the low. But have too many already. Wish I had sold on the high !
That is incredible. The Aussie market where they have been in for years and had a sales team operating is hugely bigger than nz. Indicates winding down . One new announcement for usa said they had got an executive floor of one hotel numbering 27 rooms ! Even with two g and ts for every room every night that is tiny business. A single Wetherspoons would do more each night . The CEO is a charlatan. Company should have been investigated for stopping production and not advising that whilst at the same time pushing the story . I lost big but at least not lost all ….. which is sadly going to happen to others .
The London market has become a disgrace . Certainly the politicians carry much of the blame. I foresee more and more companies moving there listings to the US and elsewhere . I could even see that happening here . Priorities of the company at present are 1. Reduce debt. 2. Maintain dividend at current rate. Abd 3. Address share price. In my humble opinion there is no way the share price wil stay at these levels . The family have too much invested at much higher levels . I continue to buy but like you am disgusted at the antics of the mms