Global Oceanic Carriers Share Discussion Threads

[apetley] 12/1/2008 02:51

Somebody please tell me that these will get back up again or should I just wait for the divi and then sell?

[tadtech] 19/12/2007 14:48

Some curious large trades going through today. Whats up I wonder???

[minuteman] 18/12/2007 16:07

Cleverly set up all the different ships are different companies owned by GOC. One goes bust they company stays ok.

[sharpshare] 18/12/2007 14:12

Good GOC presentation by Michael Tartsinis in London earlier this month.


Pic of CEO


Good info at shipping conference at the London Stock Exchange.



12:30 - 1:30 PM REGISTRATION & LIGHT LUNCH (Sponsored by London Stock Exchange)
1:30 - 1:35 PM WELCOME REMARKS
Mr. Nicolas Bornozis, President, Capital Link
1:35 - 1:45 PM London Stock Exchange - AIM & Shipping
London Stock Exchange, Mr. David Pitman, Director of Marketing
Presentation/PDF
1:45 - 2:30 PM Shipping and the Capital Markets
Moderated by Mr. Nicolas Bornozis, President of Capital Link, Inc.
Clarkson's, Mr. Andrew Meigh, Managing Director, Investment Services
Jefferies International, Mr. Nick Davies, Managing Director, Transportation, Oil Service & Infrastructure
NBGI, Mr. Stratos Chatzigiannis, Head of Capital Markets
2:30 - 3:15 PM A Review of the Shipping Markets
Containers Howe Robinson, Mr. Paul Dowel, Head of Research
Presentation/PDF
Dry Bulk Drewry Shipping Consultants, Mr. Nigel Gardiner, Managing Director
Presentation/PDF
Tankers Galbraith's Ltd., Mr. Simon Chattrabhuti, Senior Analyst
Presentation/PDF
3:15 - 3:30 PM Coffee / Tea Break
3:30 - 5:30 PM Company Presentations
LSE Listed Company Clarkson's, Mr. Richard Fulford-Smith, CEO
Presentation/PDF
LSE Listed Company Goldenport Holdings, Mr. John Dragnis, Commercial Director
Presentation/PDF
AIM Quoted Company Global Oceanic Carriers, Mr. Michael Tartsinis, CEO
Presentation/PDF
AIM Quoted Company Globus Maritime, Mr. George Karageorgiou, CEO
Presentation/PDF
AIM Quoted Company Hellenic Carriers Limited, Ms. Fotini Karamanlis, CEO
Presentation/PDF
BIT Listed Company D'Amico International Shipping, Mr. Marco Fiori, CEO & Mr. Alberto Mussini, CFO
Presentation/PDF
5:30 - 6:15 PM Analyst Panel
Moderated by Mr. Nicolas Bornozis, President of Capital Link, Inc.
HSBC, Mr. Robin Byde, Global Head of Transport Research
Jefferies International, Mr. Christopher Combe, Director, Equity Research, Transportation Logistics & Shipping
NBGI, Mr. Alan Shala, Head of Strategy

[tadtech] 18/12/2007 14:06

Whats important moving forward is clarity of earnings and corporate governance. The company were at pains to express this in the last Annual Report.

We all know modest volumes move this in either direction very fast. IMO a we are approaching another run up in the share price I simmply cannot see why these are not closer to £2 on realistic trading grounds and future dividend prospects.

I am happy to wait and may well at again at these depressed levels.

[apetley] 18/12/2007 13:59

It would be nice to understand the share price movement on what is really minimal trades.
Oh well, this time next year etc etc

[minuteman] 18/12/2007 11:11

I can't be that much of a worry, as the real stakeholders i.e. directors were fully prepared to buy at 165.

Actually when you look at the graph, she's looking perfectly ready for another up lift over 165.

[deadly] 18/12/2007 10:37

It is so plain and simple that it causes the share price to drop. Must be something missing here. The debt is perhaps the worry.

[minuteman] 18/12/2007 09:00

Plain and simple for all to see. Good forward order book with prices.

It looks like the dollar will strangthen against the pound, creating further profits.

A company on the up!.... lets hope the price follows

[apetley] 18/12/2007 08:35

Hope so as I am a little surprised by the extent of the recent fallback.
SP was not my only reason to buy into GOC though. A nice healthy annual dividend is always good to look forward to as well.

[tadtech] 18/12/2007 08:28

The clarity of earnings is clear for all to see. This could move sharply higher next year on publication of results and addition to the dividend list. The recent market turbulance represents a good buying oppo IMO.

[paxman] 15/12/2007 14:44

The Company will publish unaudited results for the six month period ended
November 30, 2007 and audited results for the seven months period ended December
31, 2007. These are expected to be released by the end of February 2008 and
March 2008 respectively.


Should mean an earlier dividend.

[minuteman] 11/12/2007 07:00

Tax reasons?

You line would imply they are trying to sell the stock at a profit.

There aint no benefit of selling to yourself at an inflated price now, when it's 10% CGT, when it goes to 18% in APril

Firstly, IF you own the stock, where is the cash profit by selling it to yourself.?

Second, by doing that they would sting themselves for more CGT as CGT goes to 18%. They would then have to sell on at 195 to realise a net of tax price of 165. i.e. no profit whatsoever

Now that would be daft.

Shorters???? Volume as been nil mate

[celeritas] 10/12/2007 19:06

MMs marking goc down for no reason with nothing volume, must mean Go Star is due very soon, seen it all before many times when good news is due.

[kmag_yo_yo] 10/12/2007 17:18

SAMBESSY

Wake up, something is wrong and very fishy here with these transactions, buying their own shares at premium using a different company which they owned. Shorters are annihilating the stock till delisting.!!!!!!!!!!!!!!! IMO dyor


RE
sola tanked from 55p to 192p first time around

second time 470 to 340p, still 130p profit.



Question to be asked? why did they float, while maintaining 80%? Why churning stocks to a different company now, is it because of new tax rules?

for tax reasons, i supposed, 10% CGT after 3 years for aim companies.

[sambessey] 10/12/2007 17:02

yyyyyyyyawn just like SOLA went to 100p eh?

Cheap compared to its peers, strong dividend, good growth strategy going forward, nothing goes up in a straight line....

[kmag_yo_yo] 10/12/2007 16:39

C'mon, you guys did not think shorters would leave this shares alone after a 430% rise. Maybe you thought 500p like Cromwell was mouthing and nasdaq listing, was real.





This will bleed now till delisting.

[kmag_yo_yo] 10/12/2007 16:28

Mambo commando aka Binary

said this dog would tanked, how's right was he? LOLLLOLLOL. Look how close his target was.


Another one of Olivercromwell ramp that goes belly up. Dual nasdaq listing he was going on % On, hahahahahaah






mambo commando - 2 Nov'07 - 09:40 - 639 of 762

Well fantastic short, fibbs says retrace 90p-95p

where is that charlatan OC, another P&D on his book

[minuteman] 06/12/2007 08:38

This announcement alludes, to that fact. i.e. the directors must feel the same way, by in effect competing with other companies for the investment pound.

I like!

[david77] 06/12/2007 08:24

Michael Tartsinis reckons that GOC is undervalued compared with others.

[giddygoat] 05/12/2007 23:26

Global Oceanic Carriers Limited ("Global Oceanic" or "the Company") (AIM:GOC), a global provider of marine transportation services for dry bulk cargoes,
announces today that it has changed its fiscal year end from May 31 to December
31.
The Company will publish unaudited results for the six month period ended
November 30, 2007 and audited results for the seven months period ended December 31, 2007. These are expected to be released by the end of February 2008 and March 2008 respectively.

Michael Tartsinis, Chief Executive Officer of Global Oceanic Carriers Limited,
commented: "This change of our fiscal year end aligns Global Oceanic with the
majority of other publicly listed shipping companies, thereby making it easier
for the investment community to follow the development and progress of our
company."

[kinbasket] 30/11/2007 13:16

Using market cap to compare these two companies is a pointless excersize. Shiping companies operate such heavily geared balance sheets it makes far more sense to use EV.

GOC will have debt after delivery of the new ship in the region of $100m. It's anyones guess what the cash position is but it should be about $10m, that gives an EV of about GBP 95m

Hellenic is listing with the intention of reducing it's debt position and raising some cash to spend on the new ship. consquently it has a very strong balance sheet.

EV for Hellenic should be close to mktcap of GBP 90m .

Not much in it really.

Of course length and quality of charter is important, as is ship age and size. I have'nt looked too hard at Hellenic yet but it has potential to be a bargain too. However, the stand out bargain in the sector is still GLBS IMHO.

[tadtech] 30/11/2007 12:16

Well the fact that Hellenic went to a premium in these market says something for sure.

Hellenic 5 carriers + 1 arriving 2008, market cap £90m
GOC 6 carriers + 1 arriving shortly, market cap £50m

Yes BDI is rising, cuts in US interest rates will push it further.

Much more to come here IMO. £2 remains a short term target.

[sharpshare] 30/11/2007 10:18

UK smallcap opening - Hellenic Carriers post modest premium on AIM debut
LONDON (Thomson Financial) - Shares in Hellenic Carriers started life on AIM at 217, up from a placing price of 212. The company owns and operates a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide.