Member Info for sam4224

All good Mike .,I reread as well . Great number of buys slightly spoilt by two late large sells. But buys much larger . Will be interesting to see how the week develops

TMI have always beaten the indexes so let’s hope for all of us it’s good news . Been a long haul at times . Family hade been buying big time so if they have faith I certainly do

Hi again , my figures were quarterly , you have listed for year . They mucked up on supramax big time due to poor positioning . Lot of buys today

Hi Mike , I got the info from Hellenic shipping news . Their rate for handysize was even higher that they achieved but much lower for supramax due to poor ship positioning and subsequent expense of chartering others . Hopefully a problem that we will not have .

Third quarter rates for pacific basin were up 53% for handysize compared to the same period last year and up 45% for supramax. Thats very encouraging for Friday

Thanks riverboy, and totally agree. I personally think October 25 will be good and even better after that. Money does not need to go on debt and interest payments which is good news. Equally if they decide to pay debt down further then that will only strengthen the balance sheet . Handysize and ultramax charter rates have held up really well, unlike capesize which are all over the place but which we have none of so again positive. I see the CEO is due to address a shipping conference in Monaco in the coming weeks so hopefully something will be published from that. One must also assume that now they have full control of Grindrod they are working through further cost savings which do not happen overnight unfortunately .

Company news next week so fingers crossed . I hear they are working on a number of initiatives so October and November might prove to be quite interesting

On Friday a large director buy . On Monday in trade news a 2012 old ship sale announced .,excellent price near top of market

Good morning all , out of 205 rns this morning , a huge 75 were transactions in own shares . Whereas so many of these companies are not growing or quite frankly particularly ambitious , the company is very ambitious so will be interesting to see what happens . The name of the game is making money though !

Hi Mike , very good points . Taylor’s as we know for the last year has been using a load of cash to pay down the acquisition costs of grindrod . Now that is debt is back to target levels will be interesting to see what they do with the cash . Certainly share buybacks are all the rage in London at the moment . Superb result basically financing the acquisition in one year mind you .

Hi Mike , agree all . Second hand prices for vessels are still really high . Now that the company has full control of grindrod it will be interesting to see what they have been up . Hopefully we may get some sort of rns in advance of the 25th . Nearest company to compare to is I suppose Tufton and their share price has been doing really well so fingers crossed for ours . Issues re shipping lanes also continuing with red sea, Panama etc so hopefully a lot to anticipate

Tradewind news reporting handysize disposal. Vessel golden eagle. Given current second hand rates at all time high like to think they got a superb price for such a modern ship. This is exactly what pacific basin did. Dispose at ships at top of market then buy them back at bottom. Time will tell.

Results were better than I expected and saved by kestrel once again . However , price still falling . I found it ironic comment about upsurge in opportunities …… but no earnings one’s announced . Indeed if I am correct just one small one earlier in year . If the fall continues this will reac h the level that trident resources got bought out . They need a ceo who is up to the task and more dynamic in my view

A great product undone by a stubborn and arrogant CEO. Would not stomach anyone questioning or casting doubt on his business plan. V V sad

Hi Mike, a very useful post , thank you . The next rns’s from the company should prove really interesting and hopefully very positive . As I think I mentioned , not getting grindrod first time around has led to a few difficulties but now synergies can really be achieved.

Hi Mike, yes all very strange and not an isolated day either . My grindrod holding was delisted yesterday so we await developments . I am continuing to add when I can as gap to nav is going to grow. Ship values are huge at moment . Almost tempting to sell some more ships and buy back when market falls.

So many people warned about the CEO and this company, myself included. I lost money, but got a lot out . Hardly surprising that those who were singing its praises from the roof tops, and so heavily criticized those who like me were sounding the alert, are now very conspicuous by their absence. A warning for us all concerning these boards

In the rns’s

Next year I think as four divs cut to two

Very pleasing !