Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Hi river boy, bottom line is supply and demand . Basic economics. If latter greater than former price goes up . Lot of publicity about routes but looked at where are vessels are today and we are not impacted . Also charter rates stabilised but no dramatic moves . V v frustrating
Hi , think Mike is right. Very much down to approach of Chinese New year and seasonal slowdown. It was referred to in the last company release as they were planning to 'lock in' as many vessels as possible in anticipation of this. I also remain firmly of the view that this is by far the best board on here. One company I hold has degenerated appallingly such that I no longer bother with it. Long may this board continue in such a friendly and constructive manner where we can all hopefully learn from one another. Happy Christmas to all .
Hi Mike , last night in South Africa so a little boozy ! Superb summary , I envy your financial analysis skills . This will come stood for those who take the long term view . Unfortunately what has contributed to crippling the UK is the constant short term view . In the meantime enjoy and reinvest the dividend
Morning river boy . Yes so am I . I am finding it more difficult to log on this page as a result . I am also annoyed re Hargreaves landsdown. My div was paid nov 24 but they only reinvest from the11th of each month ie dec 11 in this case . They in fact say between the 11 and 21 st which allows anything to happen on the markets. Before that period . I moved from interactive investor as could only hold the company shares in dollars there for some unknown reason .i am going to follow this up with the company . I am also starting to look at alternatives for my isa where they reinvest more quickly . Any suggestions more than welcome.
Pleased with this . Loads of companies are doing the same so a very sensible move . Debt at time of acquisition was plus 40 percent so to get to 26 in a year with charter rates on the floor is very pleasing . Re the latter though delighted to note strengthened further on Monday so the money should be starting to flow in nicely . At some state the markets may begin to realise this and we see a share price recovery .
Mike thanks . I am visiting the company in January which I am looking forward to . Rates again really firmed again today which is excellent . The sad thing is people these days want an instant return . I see this as a long term play with a young ambitious company and board . As I have said before , how many two year old companies buy out a 100 plus years one . In the meantime the dividends are excellent so one can choose to reinvest or take income. Spk soon Sam ps and Taylor results getting nearer
Hi all , initial look at figures indicates charter rates slowly improving but still low . The positives are reduced costs, reduced debt , but probably most importantly the number of days locked in at very good rates for q4 . Mike, I recall you previously mentioned what you thought there breakeven daily charter rate was for handysize and ultra . Can you advise ? Regards to all
Hi all, latest dividend in which I am reinvesting . Re your figures Mike , hopefully economies of scale now working through and may help the figures . Also in the short existence of the company Taylor’s have beaten the bshi every quarter so fingers crossed grindrod have as well . If not I will hop up the coast and berate them ! But seriously also hope for a share price improvement as never nice to nurse a bad loss even if it is only a paper one. Bst rgds to all
Really good thanks Mike . South Africa gets a bad press in Uk but we feel safer here than London these days. Fantastic food,wine , friendly people , and wonderful scenery . Staying at the moment in Paarl .As an example of kindness , the owner of the guest house we are staying with took us for a four hour drive up in the mountains in his land rover . Sone of the best scenery I have ever seen , including USA and Aus. Fingers crossed for a further index rose today . Speak soon I am sure