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HCL Hellenic Carr.

3.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hellenic Carr. LSE:HCL London Ordinary Share JE00B2904G88 ORD USD0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.00 GBX

Hellenic Carr. (HCL) Latest News

Real-Time news about Hellenic Carr. (London Stock Exchange): 0 recent articles

Hellenic Carr. (HCL) Discussions and Chat

Hellenic Carr. Forums and Chat

Date Time Title Posts
26/5/201609:07World trade recovery play - Hellenic Carriers274
04/9/200909:40A hell of a carrier66
13/6/200717:28HCL with Charts & News75
23/5/200713:56Where now?52
28/5/200411:29Switch of emphasis to management income1

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Hellenic Carr. (HCL) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Hellenic Carr. (HCL) Top Chat Posts

Top Posts
Posted at 20/11/2015 16:15 by jonwig
FastFT, at about 15:45 today:

Another day, another record low for the Baltic Dry Index, which tells you a lot about shipping but not much about anything else. (No, the world isn't going to end.)

The index, which tracks the price of shipping bulk commodities like coal and iron ore, is falling for the 21st straight day, writes Joel Lewin.

It has dropped below the 500 mark for the first since it started in 1985, shining a light on the relentless pain of the dry bulk shipping industry, which has been rocked by overcapacity and the slowdown in the Chinese economy.

The index used to be brandished as a proxy for global trade growth, but the problem of dry bulk overcapacity is currently severe enough to outweigh any acceleration in trade.

Chinese growth has slowed this year, with the third quarter slipping to its weakest in six years. This has sapped the key source of demand for dry bulk ships.

But while demand has ebbed, supply has continued to surge. Ships ordered several years ago, when China's economy was growing at breakneck pace, are only just coming onto the market.

Noah Parquette at JPMorgan says:

As a highly levered play on Chinese commodity demand, dry bulk has been laid bare by Beijing's shift away from an investment-led growth model. At the same time, the oversupply of ships seems to be a persistent issue. We expect 2016 could even be worse than a historically bad 2015

The industry is potentially facing another squeeze from the Brazilian mining disaster, which has led to the shut down of a large iron ore mine after a dam burst at the start of November.

Mr Parquette warns this could hurt dry bulk rates, because disrupted Brazilian exports to China could be replaced by Australian exports. The journey is much shorter, and would therefore free up extra capacity in an already heavily oversupplied market.
Posted at 05/11/2015 10:55 by hybrasil
diku

I am following this. I have not invested as yet. Share price has been here before.

There is no doubt that if the market turns potential for a decent gain is good.

Do you know anything about shipping.
Posted at 24/4/2015 08:46 by stemis
Shipping is a notoriously cyclical business. At it's peak in 2008 the company was earning 40p per share (on the same shares as now and with higher net debt). The secret is to survive the down cycle and be ready for the upswing. Last year they were broadly cash neutral (excluding release of restricted cash and purchase of new vessels). At some point these will be over £1 again. Unfortunately I can't say when that'll be......
Posted at 17/9/2013 16:30 by luckyjonah
Quietly doubled since August and not a peep on here...? I also hold GPRT which looks even more undervalued - it's up 10%+ today on a Director's buy but they are dry bulk and containers and quite a bit bigger than HCL. Anyone else hold both? BDI looking far healthier although I'm sure that will pull back again.
Posted at 19/7/2013 09:48 by scburbs
I don't think the new boats are particularly good news as they will run at a loss until rates go up. What was good news was the price.

$26.28m each compared to an order price of $34.2m means a saving of $15.84m or 23% off the price.
Posted at 16/7/2013 15:21 by hectorp
Surprised there are not more traders here.
Could be everything that the share needs , this news
target over 40p.
Posted at 15/7/2013 23:58 by diku
Somebody paid 24p today....surely its got to be heading to that price over the coming days....
Posted at 25/3/2013 09:19 by hugepants
Fleet deployment update RNS. Rates better than expected given share price up 10%?
Posted at 15/3/2013 09:53 by diku
Yes....what chance HCL could get taken over later this year by a larger Shipping Company?....surely consolidation has to occur...
Posted at 16/8/2012 11:37 by hugepants
Yes I'm holding. I think the last stated NAV has to be a work of fiction given the current share price. I did some quick calcs based on writing down the value of the boats (including the final cost of those under construction) by 30% and I get net tangible asset value of approx 3 times current share price. Say 50p-60p. But who knows. There are a lot of variables here. I also don't much like the 70% shareholding of a few shareholders.
Hellenic Carr. share price data is direct from the London Stock Exchange

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