||EPS - Basic
||Market Cap (m)
Real-Time news about Globus Maritime (London Stock Exchange): 0 recent articles
|courant: More back of the envelope calculations...
Assuming rates stay constant between now and december, GLBS could fix 6 ships on TCs of around 3 yr duration at USD45k. This would bring the EV/EBITDA down below 4 with a guarantee of earnings almost 3 years into the future. This is crazy - GLBS would have to really mess up not to earn back the share price in cash plus pay off the debt within 5 years, effectively leaving you the owner of 8 ships fully paid off and cash for your shares. Silly valuation, there's virtually no real downside in this share price! (although the share price will no doubt do what it may in the meantime!)
Cheers, will listen to the conference call later.
|slapdash: no doubt the share price will remain dead as a do do... ruddy credit crunch...slap|
|slapdash: well the Chairman bought some more.. I think the problem with this stock is the small free float... Chairman owns I think close to 70%... some people think that this means that such shares will always be at a discount as minority shareholders have no control while it is nigh impossible to buy and sell in any reasonable size.... of course the contra argument is that the management will run the thing truly with shareholders interests in mind.... as they wouldn't if they had small stakes...
I would like to see some more ships being chartered at high rates here.... and some proper share price movement.... this is potentially a high risk/reward stock given the low amount of forward chartering but the forward P/E does appear low...
Courant where are you I asked you some Qs a while ago..
|saucepan: A superb announcement! No wonder the share price is flying.|
|darlocst: CEO of DryShips (DRYS) Nasdaq listed greek based dry bulk shipping company, was inverviewed on CNBC around an hour ago.
Very bullish on current market, believes it has further to go. Looking to expand by buying second hand ships, 1-10 years old. Sees no slowdown in the market for the foreseeable future. Still sees a decent return from accquiring those 2nd hand ships/
DRYS share price is up 600% this year & is trading around 10x 2008 forecast EPS.|
|generalcuster: alter ego
i think NAV is important to this stock given it is new without much operating history so investors like to know there are some solid assets backing up its share price. however, given that most of its vessels will roll-off below-market charters in during 2007 and 2008, and with 2 new vessels to be delivered, the chances of locking in new charters at very high levels is good.
So as long as the BDI remains strong I believe that we will see this stock continuing its upwards momentum. I think forecast eps will play a more important role than NAV valuations for this stock. I also suspect that there will be a follow-on offering in due course to take advantage of the strong market and increasing investor awareness.|
|xdavid: From the updated figures from above pdf doc...
taking £:$= 2:1
2008 e = 97p
2008 divi = 48p
So for reference, at a share price of £5 (10% above where it is at writing), you have the following...
PE (2008) @ £5 = 5.15
divi @ £5 = 9.6%|
Globus Maritime share price data is direct from the London Stock Exchange