Member Info for sam4224

This is NOT in the early stages. Started YEARS ago

Whilst hugely relieved I got out here, albeit losing a lot of money , I feel for those still in. I personally feel they have been very much let down by the CEO and board. Two things I have noticed since I was the one shareholder to attend the agm last year . One, not a single share buy by any of the board over the last 18 months as the share price steadily went into freefall. Two, when the Head of USA sales left after only a few weeks, what on earth was the CEO doing visiting potential customers and almost acting as a sales director . Should have been seeking a replacement which never happened. I am not surprised by the financial position of the company given that in last years annual report the auditors expressed concern at the continued viability of the company . I wish all continued holders best wishes and that it comes good as the products are first class.... but I steadily started to question the ability of the CEO and the Board hence my decision to sell.

WOW, happy days, where will this end up by year end?

Mike , thanks for this and your points are very well made. Certainly they need to get the debt down whilst times allow for that and before any more big world shocks. I recall Ed saying that as a young company they need to give a few years of steady and reliable results which will then be reflected in the markets. Hopefully they are well on the way to doing this. They also certainly really need to deliver on the acquisition economies of scale plate. The majority of debt repayment was indeed ship sales so in June I would like to see other factors such as profit contribute to debt falling. At the moment I intend to reinvest the heathy dividends in more shares if they stay around these levels but from next year will start to invest them in other places. For me the concern is China and what may happen at some point. I have been tracking their military build up for years, and also there activities in the area of intelligence gathering which has steadily become more and more aggressive. Lets just stay it fell into my areas of involvement in years gone by. The sector that TMI operate in is hugely influenced by China trade and if China does something reckless then we along with a lot of other companies are in big trouble. I was lucky enough to see a presentation that Ed gave to analysts on the day of the update and was once again impressed by the ambitions of the board and a very carefully thought out strategy. Re Grindrod, South Africa is a worry. The political situation is steadily deteriorating and load sharing as they describe power cuts are increasing. Overall though for me this company stands out with its combination of youth, experience and ambition. Let alone that the Buttery family have a lot of money invested in it. I am constantly looking to find other similar companies but they are few and far between in the UK, especially any provide such a good dividend. At this stage though I remain highly optimistic. Time will tell !

Hi Krusty , Mike, good points all yesterday and really pleased. What I am puzzled by is why the share price is just not moving. One idea I have is for Ed to give interviews when there is news on the site pro active investor which I am impressed with. Any thoughts either of you ?

It’s fun to speculate krusty. From previous comments Ed has made I think they are a very ambitious team and will not stop at grindrod. However, nothing new will happen until the debt level has been reduced. What’s great is that our income in dividends looks to be really firm for this year and into next whilst the debt reduction is happening .

Personally I think it unlikely. Fine the father being a fellow director but Chairman role includes oversight of CEO and I can’t believe that would be comfortable for either.

24 per cent of fleet days to March 31,2024 covered at US$ 16500 which is excellent !

Hi Krusty, grindrod yesterday put out there own update re vessel disposal and I think it means some profit was also used to reduce debt. However, unlike the last update they have not given any figure for profit that I have seen . I think there are many good points though in the update

1.NAV up
2. Dividend cover 2.7
3.Fleet market value now nearly US $ 1 billion
4.debt to asset ratio reduced below 40 %
5.gross cash yield 17.5
6.Net charter rate was 14500 compared to bhsi of 10331.

So overall I think company really well managed and moving in right direction. Just wish I had some more funds to invest. Will be interesting to hear Mikes views later and many thanks for yours. Bst rgds Sam

A week today indeed ! Encouraging rns from Tufton this morning. Lets hope Ed and the team deliver . I believe they will !

Thanks broomtree

I currently receive my dividends in dollars. Does anyone know what I need to do to be paid in sterling ? Many thanks

Shares are incorrectly shown as sells here. Buys on other sites. Huge number of buys first thing following very strong buy recommendation in Daily Mail yesterday. It persuaded me and I bought this morning. A prime candidate to be bought out in my book. Fingers crossed

Not received it yet but thought another dividend was paid out April 3 ? Always a time delay to receive in UK

Hi Krusty and gonsan. Thank you so much. Think I have worked out how to do that. Am so used to the II site that it will take a bit of time to get used to the new one. Bit of a nervous few days for me. Sold all my dollar TMI last Thursday and could not buy TMIP until this morning. Pleased to say all now reinvested with the vast bulk in the ISA. Took a bit of a hit in charges etc but now all safely hidden from the tax man and am looking forward to the first dividend which I will reinvest if it stays at these sort of levels. Personally I think that anything less than a pound is a bit of a bargain. Not long to wait for the update. Can't wait.

Happy Easter to you too Mike. I am equally very interested in the Grindrod price and what the company will do about it. Obviously an opportunity to mop up more shares but will they continue to keep the two companies separate. ? If yes why ? When I do pop into their HQ in London and if Ed is there then it is hopefully an opportunity to understand the company thinking more. Re the index, I was keeping an eye on the BHSI which has steadily frown over two months and I thought the BDI somewhat followed this. I am wrong again ! Ooops.

Hi Krusty, thank you. Pleased to hear what you say about HL as certainly impressed with their webpage layout. Do they have a dividend reinvestment facility as this is quite good with II ? Would be great if out of the TMIP divs I can purchase more shares cheaply. Have a great Easter. Charter rates being going up all week !

Thank you Morar and Mike for your comments and information . After a lot of phone calls my understanding is as follows. Shares for Taylor Maritime Investments can be bought on the LSE in either pounds , ticker TMIP, or UD dollars, ticker TMI. The former has this share chat page, the latter has a share chat page that gets no comments.

Interactive investor will trade on line TMI but not TMIP unless you phone them to order and complete successfully beforehand an appropriateness test. By comparison all other sites, including Bell and Hargreaves offer the opposite, ie trading pound shares as ticker TMIP with no tests or forms to be completed. They can then go in an ISA. In other words TMIP shares are treated like any other LSE share. As a result I have sold my TMI dollar shares and opened an ISA with Hargreaves in which to put some of them, the others I will put in a new Hargreaves trading account. Hope all this makes sense and lets hope the next quarterly update brings good news. Bst wishes Sam

Hi all, I hold these shares in interactive investor in dollars, sticker being TMI. That makes it difficult re ISA use as not least dividends have to be transferred into sterling . They also advised TMI could not be put in an ISA for the reasons of which I am still waiting. However, it would appear also the shares are also quoted in sterling as per this site . Can anyone shed light on this and how easy they find trading the shares ? Many thanks Sam ps particularly interested if there is a UK sterling share code

Hi Truro, totally agree with you. Think this is a really great step forward which the market will eventually realise.