Member Info for sam4224

Positives . Dividend confirmed paid August 30. Charter rate again beating index by quite a margin. Debt down. Not bad given current macro economics. Mike, you are much better at shipping analysis than I am . Would welcome your thoughts

Thank you. Got it .

Am I right in saying this has not been loaded yet ?

Its a good one, paid around August 25th. go to dividend max and you can calculate how much you will be getting

V v quite overall. With a key guy retiring not sure what to make of this. Certainly looks good on paper hence my investment

Closing deals in the Middle and Far East are always difficult and almost ALWAYS take longer than expected. I have scars on my back from own experiences re this. I think they probably had thought they would have got another one over the line by now and are slightly disappointed. I also noted the increase in costs attached with closing these deals. I have steadily increased my position but will be watching closely re hopefully the next deal

Following thoughts in no particular order

1. Accounts are far more complicated with he addition of Grindrod acquisition .

2. Charter rate beating index a superb achievement

3.Dividend cover at 2.6. Beata huge number of ftse companies

4. Good profit and continued focus on deleveraging

Not really much new from the Q4 factsheet so tomorrow will be interesting. I particular am pleased with Ed's comment. 20203 is a year of being defensive and taking a cautious approach. Particularly sensible post the large acquisition and what is going on. I for one will be reinvesting my healthy dividends.

Hi . Agreed re all points. The key is the cut off date for who will get the pay out . Keeping my fingers crossed .Am currently keeping a very close eye on every site re Taylor’s and grindrod . Sone our recommending latter as a strong buy . But tomorrow and Friday will be seriously interesting

Hi Mike, egm august 10 th to agree distribution of approx US dollar 2.3 per share re funds released from ship sales . Egm details to ge found on grindrod shipping webpage

Hi . I wouldn’t disagree . Annoying but these are the first accounts post the acquisition so hopefully will learn from the experience and not repeated

Just spoken to a contact. Disappointing but annual report will be released tomorrow and nav on Friday. Issue has been marrying the grindrod accounts to Taylors which has been a complex exercise. I am assured nothing sinister, particularly as Grindrod are planning to return cash to shareholders later this year . Contact is reliable.

The board meeting last week was timed for 10 am for it to sign off the report. If they are following the same pattern with more success this week then yes could be. I am going to wait until 12.00 but will then contact the company.

Excellent update and results. Love the above phrase they have used. Could be VERY good

At the moment keeping the faith as should steadily improve post Kestral. Am already heavily into DEC and Taylor Maritime. Any other recommendations for high divs chaps ?

Good news to see a deal, I was beginning to wonder if we would see one this year. Looks a good deal, especially iF mining delayed and then a better royalty figure. Fingers crossed for Wednesdays update

Good morning all from a very wet Suffolk ! Certainly an interesting news week with Wednesdays and Fridays events and probably a conference call thrown in. Two things I believe are currently holding this share back. One are the low charter index's and two the level of debt following the acquisition. The former which is not in the control of the company will hopefully strengthen as China launches its new economic stimulus package . The latter is most definetly under the control of the company and I think this news is key. I understand that some excellent economies of scale are now being achieved but clearly we want the debt deleveraging to hit the targets set by Ed.

Regarding the subject of Grindrod I am expecting very limited news. It has an egm in August with a view to distributing some of the cash from vessel sales to shareholders. The issue is the company is registered in Singapore and regulations there for delisting are fraught with difficulties. Shareholders of Grindrod expected TMIP to have another go after the initial effort and when it did not the shares fell back as a result. At some point I think it will have another go as the business case for keeping two companies wholly separate and with such geographical distance doesn't stack up. I believe the company has intimated this as such in briefings. Personally I think we will see a pause why they achieve the economies of scale and get the measure of staff before moving. Given that the company has aspirations to grow further as debt is bought down I just don't see the two remaining indefinitely separate. But really hoping for good news. I would be buying more now but no spare cash with an imminent wedding to fund !

With the great dividend not least as well as the high broker estimates for this share decided to raise my stake this week only to see it then dip. From what I can see it is a well managed company making excellent profits but the share price just does not seem to particularly budge significantly upwards. Would welcome considered thoughts

Just noticed huge buy of plus 1 million shares on Friday. Presumably an institution buying in . Good all the same

Only just seen so apologies for late reply. Yes I think things are moving in the right direction for the company. Dent from the acquisition is falling rapidly which is key. The thing that has resulted in the share price suffering is that chartering rates have fallen substantially. However, the company forward fixed a number of charters at very good rates. The next quarterly update on July 28 should be key and hopefully result in an improving share price. The board are young and ambitious with a lot of family money invested so I remain highly optimistic even though am down as well at the moment. But I have seen this as a buying opportunity to increase my holding. Good luck to all !

Companies webpage changed to July 26th for the above.