| Latest Forum Topics / RickmersMaritime |
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Container ships charterer with 170+ years history
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freeme
Elite |
20-Aug-2009 16:21
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After being a fan for some time, i sad to leave them.. but have to.. i have reduce my holdings on this n put on most in Yellowpages Rs | ||||
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sureesh40
Senior |
20-Aug-2009 13:00
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take more Aloevera , it might help
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nickyng
Supreme |
20-Aug-2009 12:23
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hmm...well..not all co. management are born equally smart and forward looking rite? else FSL's stock price now wont be slightly better than rickmer...? yea ? :D | ||||
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dealer0168
Elite |
20-Aug-2009 11:33
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A good way to solve the refinance will b plus point to it. So the management has to speed up to solve it. Wait some more will not do good to its share. |
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mortal_azazel
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20-Aug-2009 11:21
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Overall it is not a bad counter, it is still making profit :) |
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MsAloevera
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20-Aug-2009 11:18
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I am trying to control the urge to rant at this counter..grrrr | ||||
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mortal_azazel
Member |
20-Aug-2009 11:17
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Hope it will bounce back ... |
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christan
Senior |
20-Aug-2009 10:44
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that is the right time to make $ if they cant think | ||||
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upforever
Member |
20-Aug-2009 10:43
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Thanks Matthew. Make sense.
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matthewsoh
Senior |
20-Aug-2009 10:40
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This was my scenario planning for RMT but it turns out otherwise. I did say that management is smart and impressive. I beg to differ now.
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matthewsoh
Senior |
20-Aug-2009 10:37
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Take for example , the news of raising rights was true . The price might already move up to $1 already during these period and they increase the no of share by 50% more , selling like for every 2 share s, buy one rights share at $0.5. They solved this problem already. They will raise close to 100 million and with the cash in hand , the refinanciing issue is over. Then come to DPU, with 150% more than the usual number of units , their DPU will drop but they can happily dont retain any cash and give them all out and i would see the dpu would still be around US 1.2-2 cents very Q. With new ship and goos economy coming , earning will be good and better, this dilution will soon be negligible! HAI ..... WHY cant they think ? |
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matthewsoh
Senior |
20-Aug-2009 10:29
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The share price will have to maintain a certain price if the management decides on raising funds using rights or private share placement. Was reading at their Fin report. RMT has a cash flow of 80 million and business growth is within expectation. The only losing point is their D. They decided to make a lowered D move, probably to hold more cash more for bargaining with the lending banks in the long run. On why not raising fund through rights really raise my eyebrow. I know that The total amount of units will dilute the DPU in the long term , however The amount of money can immediately solve this refinancing issue. do we need reevaluation of asset during this process and maybe becos now ships may worth like sepan boats and that is why they are not doing that? I know excess share orv rights may lower the NAV but if you look at the current price , IT is 4 times less now. ( I tried working the amount of money needed vs the no of share they issue) , It is feasible .. and the NAV will drop to US .60 which higher than the current pricing.. However the future DPU is what they are worried cos the more units you issue , the less DPU in the long run , However their expansion can actually account for the dilution or counter this issue. I dont know , the management should really be smart enough to learn from Temasek .. do the right thing !! Even cityspring doing that now!! Even though the right issue isnot really welcomed , as least they are solved it immediately. Maybe RMT really know how to bargain and get the best deal out of US, the retail investors. The tide is turning around and this is a good times to press down the price and do a buyback. They know what is best for them or maybe worst . Anyone get to know the movement of insider trading , please share as that reflect the confidence and the ultimate intention . Thank you |
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christan
Senior |
20-Aug-2009 09:53
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in order to maintain the div yield; share price must drop | ||||
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mortal_azazel
Member |
20-Aug-2009 09:18
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Will this drop to 40cts? I am waiting for this price :) | ||||
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dealer0168
Elite |
19-Aug-2009 20:07
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The easy way will be issue RIGHTS. I believe currently its investor will welcome this option.
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upforever
Member |
19-Aug-2009 13:25
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once bitten, twice shy, hehe
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des_khor
Supreme |
19-Aug-2009 13:14
Yells: "Tell me who is the God or MFT from this forum??" |
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potential refinance issue may arise in future. | ||||
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sureesh40
Senior |
19-Aug-2009 13:06
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I bought at 56 cents sigh, thinking of going in at 40 cents, but some say rickmers may suspend dpu for sometime . Their debths are just too big for anyone to swallow. I have global invest too (formerly babcock and brown) maybe should sell this and reinvest in rickmers. What do you think. | ||||
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nickyng
Supreme |
19-Aug-2009 12:53
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ahh....target chg again? quite typical :P anyway i think it may hit 40cts looking at the burger's strength :D gd luck ! :D
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commando
Veteran |
19-Aug-2009 12:48
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I will buy at 0.42 too. will accumulate more. | ||||
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