Member Info for sam4224

Thanks Mike and Krusty,appreciated. Annoying they then take so much time to reinvest as the share cannot drift forever.

I have yet to receive this . I Only this year moved these shares to Hargreaves Landsowne. Is anyone else with them and received/not received shares ? Many thanks Sam

Thanks Mike, useful points from all. In further study this morning China seems to be shipping a bit more and the Panama canal has serious delays meaning ships are now going round the Cape which reduces supply. In 10 days the handy index rose from approx 7000 a day to 10,000 a day . It cooled off end of last week ever so slightly but yesterday saw a real jump in paper freight forwards and also in parts of the physical spot market. In looking at yards quoted delivery dates for handysize and ultramax (the two segments Taylors and Grndrod are in ) are 2027 at a price of plus US$30m which is historically high. In summary rising rates, ship supply constraints , and China improvement are all grounds for optimism. I also noticed Grindrod shipping release their latest earnings results on Sept 5 after New York market closure. I am still waiting for todays dividend from Hargreaves L but as earlier said will be reinvesting. Good fortune to all !

As of June 30th nav per share was £1.23

I have been doing the same and will do again tomorrow with the dividend. The indexes have been strengthening every day and are now well off their lows. Also a couple of peer companies have reported good figures. I must admit I am surprised at the continued weakness but I also see it as a buying opportunity for a young ambitious company. Time will tell. But will be interested in what Mike has to say as well as he is far more knowledgeable on shipping than myself.... although I attempting to learn at pace !

Really weird. Possibly a big purchase they are slowly filling ? Given index has been strengthening am very pleased with any rise at the moment !

Thanks Mike. Got it. The en makes all the difference !

Mike, initially got a load of chinese ! But then translated it. Presumably from the 469 it is referred to as the Baltic light type ?

Mike , yes you are absolutely right. That is even better news. Will look there from now on. Have a great weekend .

Index closed at 459 I believe, up a VERY healthy 3.38 percent. More money to the company for certain.

Thanks Mike

Very good news . I am certainly hoping the share price will start to recover ….. but after the dividend reinvestment at the end of the month. But am happy to take the good news as want profit for deleverage as well as older ship sales. Off to the pub now….. became a grandad today !

I tend to go to the rns’s for updates but have belatedly noticed that on Taylor maritime webpage under presentations there is an excellent trading update presentation that supplies more information than in the rns. Definitely worth a look ….. but I may have been the last one to spot it !

So true. A South African reisling . Superb. 1.566p per share announced this morning .

You just made my evening Mike. Opened a bottle of wine . Cheers !!

Fingers crossed Mike. Agreed re China. Thank you re the interest drop. Hadn't spotted that

I have been keeping an eye on the indexes. The lowest for bdiy index i recodred was on July 26 being 962. For bhsi index August 4 being 390. Since then they have risen to 1166 and 433, an increase of 21 % and 11% respectively. For those new here these are the indexes that apply to the majority of ships in taylors/ grindrod portfolio. The higher the index, the bigger the earnings. On this basis I have made a further investment. Have a great day all. Sam

Yes true

Its totally bizarre Mike .If it stays at that I may well go for more. Grindrod today had the EGM which approved the cash back. No surprise there.. Record date for the US $ 2.3 is October 20 with payment Oct 30th.

111000 buys v 17000 sells and the share price drops . Can’t make it up