Member Info for sam4224

Big American seller is now finished . Share price held up remarkably well almost certainly because futures are so strong

Nice steady movement upwards in rates. Genco shipping just announced pleasing results. Both events encouraging for Taylor’s next results

You could order on line there so his spin even then was pathetic

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

This is getting grim . Huge fall and complete silence from company . No director buys , no share buy backs and of course no acquisitions. The only thing is the small number of directors and employees taking their sizeable salaries . Not impressed at the moment one little bit ! Get a grip ceo and directors !!!!

Cannot access it all but today’s article says bulker rates for smaller bulkers such as handysize to strengthen due to geo political tensions and changing trading patterns as a result . Let’s hope so

Thanks Mike, your info explains it . I was only looking at sterling trades . Senior moment ! Overall up on l and g with the dividends but showing a loss in paper but that one will def come back , have a great weekend .

Hi Mike , def bhsi to rise hopefully but think they will move heaven and earth to avoid a div cut . I can t see the sale you refer to anywhere , either on lse trades or this is money website who are normally quite good re transactions . Where did you see it ? Thanks for info . Will def follow that up as now even l and g is falling and this is well before an election . Return to uk feb 27 .

Hi Mike , yes we are and loving it now after arriving with dire colds and coughs . Management priorities I believe are 1. Continue to reduce debt , 2. Make dividend absolutely gold plated and 3. Simplify corporate structure. I am beginning to view this as very much a work in progress so continue to build . Will be interesting to see what they achieve in 2024. Thank you so much for your comments re other markets . Will review as have decided to move more funds off shore as effectively lost confidence in uk market .

Hi all, Hellenic shipping have reported indexes traditionally fall in run up to Chinese new year , this year on the 10th of this month. But that rates in the build up to this date have been higher than in previous years. Hopefully this will lead to a stronger rebound post new year with all the uncertainty surrounding shipping be in Panama Canal or Red Sea etc. Being away I dont t have the latest figure on daily break even figure which I believe was mentioned in a company presentation fairly recently. It is definitely going down though . The other key issue for me is the corporate model which at present with three listings is complex and expensive in the extreme. Whilst focus to date post acquisitionhas been on debt reduction I am confident that the company will move to simplify this, notwithstanding this is a complex thing to do given the Singapore listing . Mike, yes l and g also good for me. Upon return am going to study India and Vietnam in more deal . Re India are you in individual companies or a fund ? Grateful names if possible. Good luck all .

Morning Krusty , good points and esp given company determined to address share price. Will be nice if I can reinvest the dividend at that price . Last year stock market was not good for me and started off that way again . One exception is hvivo and my us shares . Have a great day

I entirely agree . Spoke to the company about it and they are far from happy . I understand several initiatives are in hand to try and address share price . The strategy to reduce debt is spot on . It will turn but the London market as a whole is a disgrace and I see the likelihood of loads of companies just moving to us listing

Finance director doing a runner. He was the only full time director after Birt . Rats ……. sinking ship. New part time finance director based in London ???? Becoming a real one man band now as no one seems to be able to stay the course with him . What an opportunity missed as a great product

Impressed with ceo and the deal announced . Also showed a firm grip of what he wants to do . Like many appalled at antics of mms in London. I have a share that yesterday had approx £150000 buys and £5 k sells. No movement . In my time of working with four pms the current mob in both parties with their limited experience and brains would not have been selected as mps, yet alone appointed to sone of the highest offices of state. I am slowly investing more in us but of course it opens you to currency fluctuations and the tax deduction . However I fear for the future in uk . Rather than things can only get better, they could get a lot worse .

To raise that small amount of cash to last only till April is very strange . Particularly as big news between then and now seems unlikely given negatives re us set up and China slow. I wonder if it was because that was the most he was able to raise ? He needs professional help to get chains rather than individual outlets but obsessed with his high end mantra

Approaching £112000 buys and £2600 sells today . How long can the mm’s keep this price down ? Not long methinks

Hi riverboy, and thank you . The traffic style has not changed ! Yea you are right, if voted down cannot go ahead . But Ed in presentations made clear he sees the company over a twenty to thirty year timeframe with possible investment in different ship types dependent on market . I am down like you but am in for the real long term and retain full confidence . But would still love a ride ….. after dividend reinvestment

I believe you have hit the nail on the head and the principle reason why I sold out at such a loss . He is just not transparent. I could be blunter but won’t be. Plus the turnover of directors and chairman would seem to indicate he is a very difficult person to work with . When I met the board last year I was very impressed with highly experienced chairman, who saw the company as a three project but suddenly left year project . Everything Burt told me in terms of actions and timescales did not come to pass . Bottom line, I lost all faith in him and left

A top up