Member Info for sam4224

Thanks Trek and Ceri, really appreciate that. Always better to check you have not missed something. . I am putting shares slowly but surely into isas , this will be one for post April 5. The company I am most invested in reports Friday. Taylor Maritime Investments. If you get chance would recommend having a look at their results and in particular any presentation they do. Great dividend four times a year and personally I think excellent candidate for capital growth. But as you always say Trek, DYOR !

Hi Mike, Krusty, and fellow investors. CEO gave what I thought was an excellent presentation which I think will be uploaded later today or tomorrow on the Kepler web page. Allowing that results are due out on Friday Ed was a little circumspect in some areas as you would expect. Following points I picked up on which may be of interest

Yields are circa 22% gross with net chartering rate of $15800 . In January and February rates for handy were $7 - 8k, currently circa $15k ,. For ultramax $18 to 19k . Current market cap US$ 371m as of March 2023. . Dividend cover remains at 4 times. 56 ships in combined fleet average age 8 to 9 years. Company sees big opportunity in Africa hence getting base in Durban through Grindrod. Overall an extremely positive presentation which I think will have more bones added to it with final results on Friday. Good luck all , Sam

Hi Trek, long time no speak but have been enjoying your posts. I receive mine in dollars. Deduction was 15 % given I believe I have filled in the necessary tax forms. Mine are not in an ISA as yet. Does that percentage deduction sound about right to you ? Best regards and thanks Sam

Hi Mike, happy to do so. Yes re integration which is a good move. Even allowing for the fall in the grindrod shipping price I am surprised that Taylors have not gone for fully absorbing grindrod into an enlarged taylors company. Both companies are relatively small in size compared to many Norwegian and Greek shipping companies let alone Far Eastern one's. I also feel that with a young ambitious board this is unlikely to be the end of acquisitions once the debt is paid down to better levels. Fra better to have the size and fire power of one company. From my own experience, much easier to manage as well , stops old loyalties to the former company, and saves a fortune in admin costs !

BHSI up again. Great news. I noticed Ed , CEO , is giving a presentation on line at Kepler Trust Intelligence on March 28 at 12.30 . I have registered on line for it.

I think you have summed it up really well Cacher and I recall your reservations at the time of the appointment. I too would be investing further if JT was still there but jury is definitely out right now. As you say credibility suffers when all your hear is a deal is imminent but then month in month you hear nothing. Given all the money they have made over the last few years and investments made, I perhaps naively never thought we would hit these lows again. Just hit 114 I see. VERY disappointing

David, thank you for the offer. The share price fall is obviously concerning. Director buys have helped give confidence. I think a number of share holders are awaiting the new CEOs first deal to see that momentum is still there post Julian.

I like the dividends but this company is sooo conservative and almost totally risk adverse, as well as now playing to the ESG lobby big time , that it is steadily losing importance in my portfolio. At one point is was my biggest holding. Thank god it isn't now. The new CEO is well overdue to pull off a deal under his new leadership

Rather stating the blindingly obvious methinks

Hi Mike, saw this too whilst watching Cheltenham all afternoon. Probably like you I check it each day. Very pleasing after the falls earlier in the year. It really is down to Ed and his team now to see how they have steered the company through the drop in rates. Hopefully a better than expected fall in debt will be rewarded by the market.

Hi Mike, its really good news with a strong recovery. Am very much looking forward to the results 31 March both to see profit but also how the debt reduction has been going. Overall a bad day on the markets though. I have no spare cash right now otherwise would be definetly topping up on a couple of shares.

The new deals seem to be VERY slow in coming. Share price steadily falling back as a result From a previous life I know how difficult it can be to bring deals that are close 'over the line' in the Middle and Far East. I hope the CEO has not hyped the opportunities too much with resultant expectations.

This seems to be really suffering which given the number of income streams it has I find a little surprising. Its nice to hear re the occasional director share buys but compared to trident royalties which is pumping out the news this seems to be even more quite than normal. Which is normally pretty quite ! I hope the new CEO is up to the job because neither he nor the CFO exactly inspire confidence in me at the movement . Lets hope a deal is imminent to prove me wrong.

Hi Mike, good to be back on this site but not in UK ! Missing Thailand. All the indexes seem to be continuing to go up nicely. Timing hopefully good for the march 31st results. Also cruising speeds seem to be reducing for older ships now in line with new regulations. Interesting article in Trade winds. Hopefully yet another area where TMI have the advantage with newer ships and improvements in engines ongoing.

Been abroad for the last month and whilst able to read and enjoy the comments have been unable to comment. Really informative board , quite excellent. Have been following the strengthening in charter rates. and very pleased as a result. Given the weak Grindrod price I hope that they can really get the economies of scale moving . Personally I cannot see why they would not absorb Grindrod into Taylor ?

For my mind I agree entirely with you which is why I sold my last shares. I am also convinced they will need more money but am not sure how easy it will be to do given the collapse of the share price. In the annual report, prior to even heavier share falls., the auditors warned of the viability of the company. Personally, I think they will be bought out so those braver than me who stay may be rewarded.

Excellent Mike, I think it will prove an interesting and hopefully fruitful year for us all. Interesting that our company which is two years old took one over that has been around apparently for 112 years !

Krusty, very well said.I actually purchased some more this morning. to take advantage of the dividend. I have just finished listening to the briefing. Re Grindrod the indications are that for the moment they are going to keep it as a separate company, but they were very clear it was early days and things were still bedding in.. Like you, I hope it is absorbed. The interesting point for me was that debt was at 31 %. By June they want this to be lower than 25% and by year end ideally lower than 10% given high borrowing costs. If they are going to achieve this then a special dividend is probably unlikely but one never knows. What did come across once again was a young really professional ambitious team that are very clear on what they want to build and achieve. For my sins I now own 0.007 of the company !

Hi mike, Krusty, have to admit I am really pleased. They have clearly played a blinder re charters and their rates. Agree re the NAV as well. Much better than I thought it might be. I am intrigued re grindrod as the release almost reads like they are going to keep the name. Will be interesting if the 10 am briefing offers any clues as to direction. Am still heavily down but a well run company will surely come good in time.

Hi Krusty, yes definitely eagerly awaiting tomorrow morning. I am very keen as well to get an update on Grindrod. In my pursuit of news re Taylor I have been looking at USA business and chat pages. Two things of note. Grindrod have gone into a closed period until March. Secondly, the level of misunderstanding to put it politely of American holders in Grindrod is unbelievable and actually not good for Taylor. People are asking questions such as why has it fallen, when is the next dividend, is it worth buying now. Everything crossed for tomorrow.