Member Info for sam4224

Just looked. It’s an internal transfer . Owner remains oldendoeph who has been a key shareholder from day one hence why the share price don’t move . Had been a new investment would have been very different

I honestly don’t know , sorry

Hi Krusty , certainly wasn’t expecting that . Will look them up . Bst as always Sam

Hi my old friend , all good thanks and hope same with you ? Yes very pleasing but obviously much smaller number of vessels . Company currently speaking to top company investors on their thoughts re future . Sitting on huge pile of money so two options to my mind , distribute cash or use it to buy ships at lower prices . Either then have ramifications so it’s a wait and see right now .

Yesterday at close of play huge buy of plus 2 million shares . Circa £1.3 million . Interesting development as even for Blue chip shares that’s a big buy . Interesting to see if something develops

Hi, hargreaves landsdowne also trade

Jefferys today issued a buy with a target price of us 1 dollar . Circa 75p

Hi Mike , I respect your decision . All I can say is I so value your inputs and will really miss them . I hope you will still monitor the share and now and again share your insight . I still feel the company will come good given the family have such a huge stake in the game and will not want to lose money or indeed face . The world is so uncertain at the moment and I fear the Uk is heading for certain bankruptcy . Trying to preserve wealth in retirement is tough enough but probably easier than Ed’s job right now ! Best wishes for the future but please do visit the board from time to time . Your friend Sam

Hi Krusty , a very good analysis . I strongly agree with your last point . Win win

Hi Mike , much appreciated . It’s certainly going to be interesting going forward .

Clearly been a challenging market . Pleased that we are debt free and dividend maintained and plenty of cash . Disappointed loss making but given falling vessel values could have been a lot worse . The key I guess is what is done with the money , noting the comment re possibility of additional dividends . If ship values only fall slowly I would guess pressure will grow to distribute some of it . Nav better than Mikes first estimate I believe …. By 1 cent. Overall my view is sensible moves by the company .

Thank you so much . I really appreciate your comprehensive and insightful reply . I am definitely minded to invest further but I very much fear which way the Uk is going

I have a small investment here as like the company, its management and dividend. What like to invest more but have seen they are issuing 15 million shares and also that the share price is very near nav. That suggests to me that further capital growth is unlikely at this stage ? Would be interested in views of other shareholders on this subject . ps monsoon weather in Suffolk this morning !

I believe we will be pleased re cost reduction. Understand your views though Krusty

Personally Krusty I think a good move . Too much uncertainty about and ‘unstable ‘ politicians , let alone a European war continuing and getter hotter with us in the cyber attack sites already . The company will be sitting on a huge cash pile so all options open. Market seems to like it so far. I’m sticking given dividend good for at least a year if not three .

Hi Mike , Krusty , and all . Firstly I think a hostile bid unlikely given the huge holding by the family . You never know but it wouldn’t be easy . Re the Rns I think great news . That is 82 million protected with have grown even bigger since the date of the calculation . Probably getting to 100 million plus . I am not normally one for holding cash but with such a cyclical market and political and economic uncertainty would much rather be earing on the side of caution . Re nav , I’m not that clever so will wait and see who gets the gold star ! But debt free I am very happy with .

In looking at ship prices they have been falling quite heavily and are continuing to do so . In building up a cash pile in a cyclical market the move could turn out to be a very smart one . Fingers crossed .

Wow , delighted with the growth in this company . Great rns . This company is going placed

Trade winds pm today advise the company completed on sale of two six year old ultra maxes.

Thank you . I did eventually find but couldn’t open so don’t know why they have downgraded . But in these uncertain times a nice safe investment run by a good team and a pleasing dividend . Will add when I can . Have a great weekend