Member Info for sam4224

Thinking further and am def too emotionally attached to this what are your own plans ?

Hi Mike , interesting points and especially concerning getting too emotionally attached . At present have decided to take the regular dividends and build up a holding in other good dividend yielding shares . Equally I guess the big question is the family as a whole have a huge investment on this company and the father has a great track record of success . With such a young fleet one perhaps would not rule out a merger or an outright sale to someone . Also in terms of incorporation of the company wonder if a bigger driver is behind that

Hi Mike agree with the thoughts re nav but as others have said in this for the long haul so hope your wrong re end February .

I agree Krusty . I share your views . I have some sonme contacts in the company and hugely rate the individuals. Short term annoyance but very much building h this for the future . Not forgetting Buttery family have HUGE investment in this which dwarfs our own

Hi Krusty, in looking at the figures further whilst NAV extremely frustrating I personally take the following positives. Market cap is up, debt down further, and average charter rate is much better than the difficult days of 2023. Also a chunk of remaining days at a good rate. Will be interesting to see Mikes view and not least if he sees it at a buying opportunity..

Hi Krusty, I dont discount what your saying for a second. Chinese new year period not helping re share price either. Company def focused on nav relative to share price so lets ee what they do . Hopefully now grindrod integration behind us things will settle down and monies come in. Large chunk of remaining days covered at a good rate. At the moment all shipping shares are down in the USA and some are down heavily. Lets hope that by the reduction in debt the company is well placed to move if opportunities arise given shipping and values are so cyclical. At moment given ex div date hugely tempting to buy some more to get my average down . Where are your thoughts re that ?

Good morning all . Further reduction in debt which I am hugely supportive of. Special dividend payment date confirmed . All looks solid to me . Will look forward to others thoughts as day progresses .

Like yours mu early purchases were very high when rates were sky high . Am very interested in the next steps the company are going to take , especially in the light of the major shareholder clearing holding a view . Role on Friday

Lol . My average is 84p but have taken the last couple of dividends as cash but this is the big one !

Hi Krusty, I am certainly hoping that is the case. Would be cost effective to combine the payments one would think. Will be by a mile my biggest dividend ever so am thinking wine ! Am still down overall but more than comfortable with the management, direction and progress of the company.

Hi Mike, yes, rates taking a bit of a beating at present. Just as well plus 50 per cent of days were locked in at a really good rate. With the pound falling against the dollar suddenly realized that the special dividend due will be worth more to all of us. Silver cloud so to speak. Have a great weekend

Very pleased that all resolutions pleased . Disappointing that a major share holder voted against option 2 . Will have to wait to see if they do anything post vote . Hopefully will continue to hold

Clearly disappointed with the share price fall and a little concerned that they decided/ felt the need to issue this rns. Was it really worth an rns ? Lets hope for some good contracts as the year progresses.

Thank you riverboy , and you too

Thank you Krusty. And to you

Hi Mike , I knew you would be able to explain that better than me ! Have a great Christmas everyone and let’s all look forward to that chunky dividend in the new year .

Mike , agree all . Fingers crossed post new year . In the presentation to analysts Ed acknowledged that the acquisition and integration had been very challenging and time consuming . More than expected . Onwards and upwards now though …. Plus the lower debt costs . A positive picture going forward

Delighted . Into profit, debt down , special dividend , Nav staying higher than I thought . As always though I defer to Mike for his detailed analysis.

Are these still issued ? Thought they had been stopped ? I used to get a book of discount vouchers had more than 500 shares.... in the good old days lol

Hi Mike , totally agree all . Next year is going to be exciting . Bst rgds