Global Oceanic Carriers Share Discussion Threads

[sambessey] 07/4/2008 23:20

Yes let's hope so Harry

[harrykewell] 07/4/2008 22:45

How many private investors have we got that read this board?

I see mine as a long term hold and believe that the share price will catch up with the div yield at some time in the future.

[cockneyrebel] 07/4/2008 18:16

yep, about time it firmed up again.

CR

[slapdash] 07/4/2008 17:00

Highest daily volume for 3 months... probably doesn't mean much as about half was selling..

I think also this stock could go quiet as next results September...

Director's deal does bode well but in an illiqued stock like this when there is a market wobble it is usually the first to fall...

Slap

[bird of dawning] 07/4/2008 16:54

Global Oceanic carriers goes ex div on 9 April, which is probably the main reason for the higher volume.
Cheers bod

[katsy] 07/4/2008 16:45

Good volume today, although the day ended with 100k@125p. Good price if it was either a buy or sell.

[lonrho] 07/4/2008 09:35

yes its only in closed periods generally 6 weeks before results announcements that they are not allowed to buy.

[katsy] 07/4/2008 09:30

Are directors allowed to buy ahead of dividend dates. (11th april I believe)

[deadly] 07/4/2008 09:04

Consistent and determined director buying over the last week. He must want that dividend badly!

[kinbasket] 03/4/2008 11:34

Shipping problems explained..



I thought it was all a bit quiet :-)

[luckyjonah] 25/3/2008 16:26

Even better then, 0% tax!

[kinbasket] 17/3/2008 14:42

GOC is an "exempt company" for tax in Jersey. This means they pay a fixed annual fee of £600 and nothing else.

I did think they fell under the IBC sliding scale rule that Jonah uses above but for whatever reason they are exempt.

It's in the admission document and I confirmed it with the company via email last year.

Nice work if you can get it :-)

[luckyjonah] 17/3/2008 11:45

According to my notes tax is tapered from 2% down to 0.5% after $9m.

[katsy] 17/3/2008 11:31

Shame I didn't sell in the 130's. Barely was in profit then, but now nursing an 11% loss.

[cockneyrebel] 15/3/2008 12:28

ok, don't buy them them. I've pensioned these - lets discuss it in a year's time when I've had my divi's and my growth.

CR

[melody9999] 15/3/2008 09:05

CR - you ramp something rotten! Does not mean its not a good investment but in this market I do not see any one piling in anywhere!

I see they are registered in Jersey. Does this mean 0% tax? At least that would give a little comfort from the 5p or c 4% spread.

[cockneyrebel] 14/3/2008 12:59

Hold these a year and you'll probably get near 25p divi and in a years time the forward earnings likely to be a lot more than the 20p they look like doing this year imo.

CR

[cockneyrebel] 14/3/2008 12:57

that divi is 3.5% on 7 months trading. Had this been a year it's more like 6% and is likely to rise substantially in the coming year.

They have declared they will be returning half the earnings in divi's.

8p earnings in 7 months, looking at nearly 14p eps annualised. Probably set for 20p eps in the coming year and a 10p divi imo.

These will get tipped and the punters will pile in imo.

CR

[wjccghcc] 14/3/2008 08:58

Agreed. If I want exposure to the sector, I've decided to stick to GPRT. I feel with GOC and GLBS us shareholders are an irrelevance in mgmt's personal fiefdom.

[cockneyrebel] 14/3/2008 07:31

Fabulous 7 month results and a cracking divi.

These must be on a PE of about 5, divi yield something like 8% and astonishing growth.

Bet those that scalped profits are back in again !

CR

[robsy2] 12/3/2008 12:25

Dont hold that one but had a quick look . Their results seem as good to me as the others.

[slapdash] 12/3/2008 10:39

Any views on HCL's results??? GOC should have a further set of results coming up soon.... P/E for next year I think is under 3X????

Hopefully, another leg up at some point.... slap

[slapdash] 07/3/2008 21:58

BID I THINK IS ABOUT 8600 (ACCORDING TO MY BLOOMBERG SCREEN) - COULD EVEN HIT A NEW HIGH WHO KNOWS.. see link below:



These dudes should be in clover.... lock in the rates for the next few years chaps....


I think in reality these are a dollar hedge. How can i say that if their revenue is in dollars. Well it is like commodities. The BDI shipping indicies will go up to compensate for a weak dollar. Who rents all these ships? Those with non-dollar currencies (asia buying commodities etc)... so t he cheaper the dollar the more the BDI gets bidded up.. look at what has happened to gold and oil... up in large part because of the weak dollar

slap