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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Goldenport | GPRT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.225 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.225 | 1.225 |
| Top Posts |
|---|
Posted at 03/7/2015 15:19 by jonntara Better be really improved because I am looking for a lot more than this before I sell. If this is the dragnis family they must think that investors are really stupid to sell at multi year lows. But maybe they're right because they managed to sell the business when it was at multi year highs and the just want to repeat the trick. |
Posted at 28/1/2014 10:19 by cjohn Hi Meijiman,I have no special knowledge in the field of shipping (I'm an asset focussed value investor). But as I understand it, it's quite usual for the BDI index to be volatile when things begin to recover. In general, I tend to discount short-term movements in indexes as mere noise. Obviously the BDi could go back down below 1000. But the balance of probabilites looks otherwise. Overall, things look rosier now than 6 months ago. I certainly don't mind anyone telling me to think more or do more research, by the way. I've followed both HCL and GPRT for a couple of years - but missed buying HCL in the mid-teens. Greedily, I hoped they'd go lower. At current Price, GPRT looks less risky. |
Posted at 16/2/2012 07:32 by pip Henderson Global Investors clearly agree that share price doesn't reflect fair value.....for what it's worth! |
Posted at 11/10/2011 21:14 by muffster Extract from article"I see 2012 much the same as 2011," Goldenport's John Dragnis, said. "I don't see any major upside in the next year." That ties in with comments from Clarksons MD Dr Martin Stopford. "As far as owners are concerned the cycle goes peak, plateau, collapse, recovery. We're in the collapse phase at the moment and moving towards the trough" |
Posted at 28/2/2008 08:30 by slapdash well am suprised ... forward P/E of 6.6X and yield of 8% and then for hte year after forward p/E of 5.5 adn yield of I think 9.5%... and no buyers... it will come... patience.. things are supposed to be great value when the P/E is less than the yield and the company is growing...... i.e. the case here... i think one tip or brokers note will wake this up abruptly..... we shall see......... might be in Chronic Investor tomorrow..... slap |
Posted at 26/2/2008 07:45 by slapdash HOLD FOR A YEAR AND GET A DIVIDEND YIELD OF 12%!!!!well ship mates.... final dividend about 4.2%.... and full year dividend about 6.1%...... but it I think future for the current year is much higher... eps I think of 41.5pence...... but again forward figures should be much higher.. that is inline with forecasts.... key is the coming year when according to my forecasts they are supposed to generate 57penece and so the forward P/E is about 6.6X coming year results are pretty much guaranteed due to lock ins... I am guessing current year will have a payout of about 50% as that is their policy so with predicted eps of 57pence dividend will be 28.5pence which gives a forward yield of 8%... so hold for jusut over a year and get 14% in dividends.... not bad... Key going forward is sentiment and frieght rates which have been bouncing up recently and other shipping companies have had good share price performances.. if freight rates go to all time highs again this will fly... and they appear to have found a bottom and to be on the way up.. apparently global trade growing at 9% a year so demand massive.... i.e. increased imports of grains and things to China this is more lowly rated that foreign shipping companies but then we don't have the same sector in the UK so difficult for investors to understand... however, it is the only fully listed shipping company I think in the UK -others on AIM - so may do well... It is a tough call but with the high forward yield of 8% and the low P/E of 6.6X I think this is value as despite it being in a cyclical sector it has great forward visibility... i.e. in fact we pretty much know what 2008's results will be.... and 2009 should be increasingly locked in in the months ahead.... slap |
Posted at 18/1/2008 08:16 by tole On TrackGoldenport, the Greek shipping company controlled by 'Captain' Paris Dragnis, jumped 43 to 346¼p as a positive trading update helped gloss over fears about a global economic slowdown. London's Baltic Dry Index (BDI), which measures freight rates for bulk commodities like iron ore and coal, has fallen sharply over the last couple of months in a sign of growing concern that China's voracious appetite for raw materials could ease if there is a US recession. Goldenport's shares, which had a great run for most of last year, were dragged down by similar concerns as the BDI continued to tumble. But the stock rebounded after the company revealed that results for the year to December would be in line with market expectations. Mr Dragnis also reassured investors by indicating that 90pc of Goldenport's fleet capacity had already been tied up for this year. Gert Zonneveld, an analyst at house broker Panmure Gordon, said: "The attractive mix of Goldenport's short-term and long-term charters provides good revenue visibility, which is particularly useful in volatile markets." Despite concerns that an economic slowdown could hit Goldenport, he added: "We continue to believe that both dry bulk and container markets have strong fundamentals." He rates the stock a buy with a punchy 560p price target. |
Posted at 16/1/2008 15:28 by tole Hi Guys - still have this on my watchlist - likewise should be worth a few at this level after its recent correction.Last nights article on Baltic... Snippet - "Robin Bhar, a metals analyst at UBS, said the Baltic slide may be no more than a correction, reflecting a pause in bulk deliveries to China late last year. "We believe it will bottom out and stage a recovery in due course, underpinned by continued strength in bulk commodity markets." Also spotted a mention a few days back also in the Telegraph - "Goldenport, the Athens-based cargo shipping company, held up well in stormy markets, with investors spotting how undervalued it was and buying into its growth prospects." |
Posted at 04/12/2007 17:24 by rochester14 copied from an ADVFN competitor thread::Shares of drybulk shippers jumped on Friday as the cost of chartering vessels extended its advance, a sign that the global economy -- powered in large part by China -- is expanding at a smart pace. Drybulk future rates were up about 17% from last week with an average Capesize rate at $137,000 per vessel per day, up from $116,000, said Cantor Fitzgerald analysts. Meanwhile, spot rates for Capesize vessels, which are the largest ships, shot up on Friday to $177,418, up 2.9%, from $172,369 on Thursday, but down slightly from last week. A year ago, however, the rate was below $68,000. One reason may be that the world's largest iron ore producer, Brazil's Companhia Vale do Rio Doce (nyse: RIO - news - people ), said on Thursday that it had begun discussions with its customers over iron-ore prices for next year. China is the world's biggest iron importer, and it gets 24% of its needs from Brazil. Analysts and investors are expecting significant price increases for iron ore in 2008, indicating strong demand. In turn, dry bulk forward rates for 2008 are also showing increases. On Friday, dry bulk shipping stocks shot up, with those most exposed to the spot market posting the biggest rises. DryShips (nasdaq: DRYS - news - people ), which is heavily exposed to spot rates, saw its shares jump 5.0%, or $4.52, to $94.48 at the close, while Diana Shipping (nyse: DSX - news - people ) shot up 4.5%, or $1.52, to $35.41. Excel Maritime (nyse: EXM - news - people ) rose 1.4%, or 76 cents, to $53.54; Quintana Maritime (nasdaq: QMAR - news - people ) gained 3.1%, or 79 cents, to $26.55; and Euroseas (nasdaq: ESEA - news - people ) increased 4.0%, or 58 cents, to $15.20. Dahlman Rose analyst Omar Nokta said China's demand for ships to deliver steel exports continues to be strong, which proves that the global economy isn't slowing. "Until we start seeing steel prices ease, things are still very strong," Nokta said. Last year at this time, Nokta said, there were also a lot of concerns, but he kept reassuring investors that as long as drybulk stocks were strong the economy was doing fine. "At this moment in time drybulk is still rocking, but it remains to be seen what's going to happen going forward." For now, Chinese demand keeps increasing with projects lined up for next year. "Right now it doesn't seem like they'll just go off a cliff," Nokta said. The Associated Press contributed to this article. |
Posted at 16/9/2007 19:09 by m4m Midas share tips: Goldenport rides high on Asia boomMidas is edited by Joanna Hart 16 September 2007 Shipping is in this country's blood. But Goldenport is the only listed shipping company on the main market of the London Stock Exchange - and its chief executive is Greek magnate Captain Paris Dragnis. Dragnis began his career in Greek ships. He rose through the ranks to Captain and slowly acquired his own vessels. Goldenport, which floated in 2006, has a 25-strong fleet and expects to increase that to 31 by 2010. The company has two main strands, container vessels and bulk carriers. The former transport goods as varied as Nike shoes and Ikea furniture and the bulk carriers take raw materials. Asia's economic boom has prompted a huge rise in demand for raw materials and finished products and the shipping industry has prospered. There was clear evidence of this in Goldenport's results for the six months to the end of June, published last week. These showed a 57.5% increase in core earnings to $31.4m (£15.5m), a 44.5% lift in turnover to $57.5m and a 25% dividend rise to 7p. The company reports in dollars like the rest of the shipping industry but pays dividends in sterling. And the dividend policy is generous, with a prospective yield of just over five per cent this year and almost 6% next, making the shares an attractive income investment. The shipping industry can be volatile but Goldenport is shielded from some fluctuations because of its involvement in both sectors. It has also secured a number of long-term contracts so turnover is completely locked in for 2007, 78% for next year and 60 per cent for 2009. Some contracts reach as far as 2013. Goldenport has no peers in the UK but in the US similar companies enjoy much higher ratings as its industry is bigger and is widely followed by investors. Midas verdict: Goldenport has ridden the recent market storm fairly well and its shares are 425p. Many brokers think there is significant potential for this to rise. The company is expanding and there are plans to court US investors. The Dragnis family owns 60% of the shares so Captain Paris has a strong incentive to make the business work. Buy. |
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