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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
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
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
Up to now thought this company was well run. Coming begging so quickly after the last fund raise in my view shows appalling planning. Will not be taking part and likely to sell rest of holding….. when and if share price recovers . Turning opportunities into contracts in the mid and far east is difficult . The CEO has over egged the opportunity pot in my book
Hi river boy, bottom line is supply and demand . Basic economics. If latter greater than former price goes up . Lot of publicity about routes but looked at where are vessels are today and we are not impacted . Also charter rates stabilised but no dramatic moves . V v frustrating
Hi , think Mike is right. Very much down to approach of Chinese New year and seasonal slowdown. It was referred to in the last company release as they were planning to 'lock in' as many vessels as possible in anticipation of this. I also remain firmly of the view that this is by far the best board on here. One company I hold has degenerated appallingly such that I no longer bother with it. Long may this board continue in such a friendly and constructive manner where we can all hopefully learn from one another. Happy Christmas to all .
Hi Mike , last night in South Africa so a little boozy ! Superb summary , I envy your financial analysis skills . This will come stood for those who take the long term view . Unfortunately what has contributed to crippling the UK is the constant short term view . In the meantime enjoy and reinvest the dividend