Member Info for sam4224

I am becoming very negative about the Uk market and this sums it up . A well run company investing in a new state of the art facility , paying debt down at the same time , and reporting a 16 percent increase in profit …. But it’s not enough for the short term ism of what the city wanted so knocked down 25 percent . Well I see it as an opportunity and have accordingly added

We are 15 mins or so from there . I won’t tell you what it is here ! Fingers crossed for a good week for charter rates .

Hi Mike , apologies if sending at that time disturbed you . Will try and avoid again . We are staying on koh Samui at fisherman’s village bophut . This is our fifth visit and love it . Thank you for the figures much appreciated. Re your buy out, whilst always a possibility I think unlikely for two reasons. To go public the way they did and then buy grindrod took a huge amount of time and effort legal wise etc so why go private now or in the next couple of years given the grindrod buy has made things even more complex to do . Secondly and perhaps more importantly Ed and the team are still young and VERY ambitious . They very much want to grow the business . Given the focus at the moment is very much on debt reduction and integrating grindrod I think as these are ‘completed’ we will see a real emphasis on strengthening the share price. The level of share buys verse sells if continues cannot keep the share price static indefinitely. Have a lovely weekend. Sent from poolside

Hi Mike, Krusty, thanks for your thoughts Mike. Yes the Marshall Islands was definitely family. I do not have my notes with me here . Can you remind me as to what figure you see as the average charter break even point ? I think the important thing is that debt is falling and economies coming through so we should be very near to that point. Rates are much higher than this time last year when as we know rates normally dip in the lead up to the Chinese new year. This year they are supported by Red Sea and Panama Canal events . Fingers crossed fundamentals are then stronger for rest of year . Regarding share price agreed but I must admit to increasingly become disillusioned by the Uk stock market . The various goings on by the mms are not impressive , not least with huge swings on very little turnover and prices going up sometimes when sells outnumber buys. In checking yesterday buys were plus £140,000 and sells £6000 and the price doesn’t move. Ridiculous but will still take it . The Uk has the higher divs and don’t have the tax we are charged on us divs but thinking seriously of putting more into dollar investments….. not least as I fear for the pound next year . A good days discussion chaps, interesting , informative and positive. Regards to riverboy as well .

Yes and totally agree Krusty

Hi Krusty , thanks and agree all . Price slightly up . Grindrod today announce they are taking up option on a purchase ! Delivery expected June 24 .

Thanks Mike, am counting on you re the figures. You’re much better than me at that but even to my layman’s eyes they were much better than last quarter . Thailand lovely but awful cold/ cough so battling to lose both as quickly as possible

Thanks Mike, am counting on you re the figures. You’re much better than me at that but even to my layman’s eyes they were much better than last quarter . Thailand lovely but awful cold/ cough so battling to lose both as quickly as possible

Must admit absolutely delighted. Also 2024 lock in rates for so many days excellent. In time certain this WILL be discovered and all those in now will be rewarded . Until then thoroughly enjoying the dividends !

I am afraid the ceo does not have a good track record with his statements, presumably why so many directors have resigned and the last highly regarded chairman left so early.

With the commitments already required for that money,rememeber they had to cease production then ramp up again, and their monthly expenditure the financial window gives them to the year end . The question is how near they will be to generating a profit on their activities by that date as raising yet more money would be problematic to say the least. As some earlier people will know, I held a very large position but got out last year at a substantial loss.

Well I decided this morning to buy some more pre results. Some interesting articles have been appearing about shipping and the mounting difficulties it faces from the red sea, to panama canal to port congestion. Rather along the lines as taken for granted smooth sailings for too long. Handysize gone up a tad today as well as reports shipping around Africa is booming so should benefit Grindrod .. Hopefully speak Friday Mike,Krusty,Riverboy.

Hi Mike and Krusty, yes fingers crossed your in the right ball park Mike. The share price has been in the 66 to 67 area for some time so any good news should give the share price a nice boost . I also think grindrod are not too far off reporting as well . Role on Friday ……. Where I will read them on a beach in Thailand …… rather than a windswept Uk

Hopefully should be good.

Hi Mike, very pleasing but handysize which is majority of fleet very small rise …… but will take it without a doubt !

In last few days Stifl, a US investment company have recommended Taylor Maritime, particularly at this entry share price point. In studying the share and RNS's the CEO and family have between them in the region of 25 million shares. That is a lot of skin in the game. Update towards the end of the month. Indexes stabilising today.

Hi , the next two year wait period is key and they should be filling this wait time with plenty of communication., briefings , and ideally a couple of deals. Instead total silence and the markets don’t like dead periods filled by nothing . It’s always been a very conservative company and this ceo seems to be taking that to the next level . Trident royalties although much smaller is ten times better at communications/ briefings

No new royalties acquired recently and no news updates. Share price languishing. I hope the ceo is up to the task . I am beginning to wonder

Hi riverboy, thank you and the same to you . The company I was referring too was barracuda in the Marshall Islands which has taken a stake in the company . Nevertheless always interested in anything the company has to say for itself . Bst wishes Sam

Exactly my thoughts without further information