Member Info for sam4224

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

Hi Mike, think that will prove a good move. I also nearly did this morning it am so over weight on them and with the dividend at month end will get more then . Great news re the Bhsi, long May it continue. Rather overdone to say the least . The share price I am confident will come back with a vengeance. I re looked at figures this morning and debt even with the index has been coming down nicely

Exactly Mike re Simply. I also fear you are right about the index link. Rather frightening how China now seems to dominate almost everything . Re the latter ........ frustrating !

Interesting . Thank you

This share goes up and down like a yo yo. Does anyone know why ? Thoughts ?

Hi Mike , yes agree with you re q4. Just finished reading the hard copy of the annual report whilst waiting for jury service. No issues for me. It’s the two year cycle as you say . Just saw the simply Wall Street article. Thought it ridiculous . We know rates and the acquisition are the key events . Information in the report on largest holders makes for interesting news. Some big hitters

The CEO is getting divorced. It could be him. He may be required to sell as part of that and then buy back later.

My first dividend here . Are people reinvesting them or taking the cash ? Would welcome inputs as have only recently purchased

Thanks Mike, interesting. Not surprisingly a number of views similar to Taylor Maritime.

Hi Mike, re Grindrod yes you understand the position correctly. Excellent that debt can be further reduced through the special dividend. I agree it is really a formality re approval. They seem to be moving assets between the companies as required to optimise fleets and values. Total value of the company will have fallen not least to reflect those disposals. In your figures remember that a number of charter days have already been locked in at higher rates and equally they are consistently beating the indexes. Personally I see the indexes strengthening well before year end to reflect the forthcoming economic stimulus moves by the Chinese govt. Dividend cover is currently 2.6 and much higher than most ftse companies so fingers crossed. I have taken the decision to reinvest as wish to build a large stake in the company for the long term given the young and ambitious board. As deleveraging proceeds, I think it inevitable that some more exciting acquisitions will take place. A young company very much at the start of its journey with the principle players having a lot of their own money invested.

Hi Mike, good points all. At the moment I am still trying to get my average down whilst taking the excellent dividend. ALL bought at 75/ 76 will look great when back to plus £1 which as the indexes change will happen . Certainly the bdiy has now come off the bottom in the last few days. Hopefully the bhsi will follow . Have a great weekend everyone

I agree with that and think it will happen. In the meantime Grindrod shipping have done some huge transactions that were released yesterday. Clearly both companies are VERY active which can only be a good think and continuing to beat the indexes is excellent

Krusty and riverboy, apologies, your thoughts welcome as well ! Plus anybody else for that matter.

Positives . Dividend confirmed paid August 30. Charter rate again beating index by quite a margin. Debt down. Not bad given current macro economics. Mike, you are much better at shipping analysis than I am . Would welcome your thoughts

Thank you. Got it .

Am I right in saying this has not been loaded yet ?

Its a good one, paid around August 25th. go to dividend max and you can calculate how much you will be getting

V v quite overall. With a key guy retiring not sure what to make of this. Certainly looks good on paper hence my investment