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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hellenic Carr. | HCL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.00 | 3.00 |
| Top Posts |
|---|
Posted at 02/1/2013 12:52 by jonwig "Nothing is more volatile than shipping," said Wilbur Ross, a veteran "vulture" investor who has been buying ships and shipping companies. "I'm assuming the industry will turn around in 2014. If it [the downturn] goes on longer, my return on investment will not be so good." |
Posted at 05/12/2012 12:00 by diku And the demand will be met by the 2 new boats arrival next year....hope so!...More chunky trades today....I am just wandering if the insiders are selling to new investors coming aboard to increase liquidity... |
Posted at 04/10/2012 09:01 by hugepants Pretty good article here. Hellenic gets a few mentions and tipped as an "outsider".Investors Chronicle 02 October 2012 Shipping not sunk yet It's more than four years since the shipping bubble burst, heralding the industry's worst crisis in a generation. It was largely self-inflicted - a huge number of vessels were ordered during the boom times and that excess tonnage is still working its way through the system. It will take time, but experts think they have a clearer idea of when the recovery will begin and, when it does, there are few better industries to be in. "No business generates cash like shipping when it's rolling. Currently, it's just rolling in the wrong direction," quipped one delegate at Capital Link's annual international shipping and marine services conference in London last month. That's true. A very large crude carrier (VLCC) bought for $55m (£34m) in 2002 would have been worth $222m six years later. Even after the Lehman collapse, Goldenport (GPRT) paid $10.5m for a Japanese vessel that's now worth near $20m.... |
Posted at 18/10/2010 09:30 by sivadnoj Broker questions valuations Geoff Garfield London 430 words 15 October 2010 Tradewinds TRADEW 31 English (c) 2010 TradeWinds UK broker and corporate-finance specialist Charles Stanley Securities says quoted shipowners continue at a substantial discount to the net book value of their fleets. This is despite operators using the market downturn to renew or expand their fleets and improving optimism because of the recovery in rates. The securities house focusses on the handful of listed UK owners - Globus Maritime, Goldenport Holdings and Hellenic Carriers - involved in dry bulk and containers. Charles Stanley questions the "anomaly" in company valuations given the apparently greater stability in asset values, which it describes as the "cornerstone" of shipowning companies because of ship life expectancy. The earlier decline in vessel prices has clearly encouraged investors to exploit opportunities, it says. But the "current rating differential between the UK quoted companies and their US counterparts is notable," added Charles Stanley Securities in its annual Shipping & Marine Services review. "The UK companies currently trade on 6.1 times EV/EBITDA [enterprise value/earnings before interest, tax, depreciation and amortization] compared to the US companies on 7.4 times," it added. "There remains significant scope for further recovery in share prices, especially if concerns over the level of future [newbuilding] deliveries proves misplaced. It is notable that there has been no impairment losses to date among the quoted companies." The broker and advisor recommends Goldenport Holdings as a "buy" with a target price of £1.55 and Hellenic Carriers as "Buy" with a target of £1.29. It also makes recommendations for UK-listed marine-services companies Hamworthy ("reduce") and James Fisher ("add"). Charles Stanley says the long-term drivers for shipping remain but the near-term picture is less clear. "The fundamental major uncertainty is the amount of new capacity coming on stream," it said. In its comments on the UK's quoted shipbroking companies, it notes the subsector has rallied over the past year. "The current earnings ratings range from 8.2 times to 10.4 times compared to the industrial transportation sector on 12.6 times, upon which we base our price targets," said Charles Stanley. It recommends ACM Shipping as a "buy" with a price target of £ 2.53, Braemar Shipping Services as an "add" with a target £ 5.82 and Clarksons as an "add" with a target £ 11.86. The report notes that shipbroking businesses benefit from a more flexible cost base and scope to generate income from a range of different services. Charles Stanley concludes that the global economic outlook continues to dominate sentiment in shipping and that volatility is set to continue. |
Posted at 13/11/2009 09:18 by sivadnoj Oil prices dropped by more than $2 a barrel yesterday following fresh evidence of US demand weakness while freight rates for transporting commodities to China continued their recent rally. The Baltic Dry index jumped 5.5 per cent to 3,954 points as the global benchmark for freight costs for dry bulk commodities rose because of strong demand for iron ore and coal from China and growing ship congestion outside key ports. The index has surged 32.4 per cent over the past two weeks. Freight traders have noted growing interest in hiring vessels for short periods of four to six months rather than for single voyages, suggesting confidence that demand will remain firm. "The Baltic's rise is mainly being driven by demand from China," said Andrew Dawson, a broker at Freight Investor Services. "We've seen rates for Australian iron ore cargoes to China ramp up dramatically in the past few weeks and that strength is spilling over into the Atlantic market." Mr Dawson said ships that were previously ballasting [returning without cargo] from China into the Atlantic were now being hired for Pacific routes. |
Posted at 20/10/2009 16:02 by sivadnoj Dry shipping investor conference today. Perhaps some response to that. Foodcritic posted this link a while back. |
Posted at 07/6/2007 10:30 by tadtech Thanks Oldbroker. Some valid points. However with these type of situations there is a certain unknown element. Why did the shares rise so strongly from 5p? I feel there is something more to this and I see the stock is still rising. As I said before no smoke without fire. Someone sees underlying value here beyond historic financials. Will be an interesting one to watch. I have a modest investment here but I feel it could potentially provide a decent return nonetheless. I will stick my neck out and suggest we could well go to 40p on demand from retail and larger investors. It has a novilty value after all. |
Posted at 06/6/2007 23:55 by phurley BEER lovers have given a huge vote of confidence to Liverpool brewer Cains's takeover of a rival pub company by snapping up more than a million shares in the target company.The ECHO last week revealed Cains's move for Preston-based Honeycombe Leisure, which will be renamed the Cains Beer Company after an extraordinary meeting of Honeycombe shareholders next Thursday. After the takeover bid, investors, who are all members of the Campaign for Real Ale members' investment club, have bought more than 3% of the stock exchange listed bus-iness in a show of support for the plans of Cains's joint owners Ajmail and Sudarghara Dusanj. It is the first time that the investment club has bought so much of a regional beer business so quickly. Shares in Honeycombe, which has a 100-pub estate, have doubled in value since the deal with Cains was announced. Investment club spokesman Dave Goodwin said: "This is an exciting development. Cains is creating the first integrated pub and brewing business to list for over 10 years. "We see it as a long-term investment for a business which is producing quality beers and getting into more outlets as a result of the deal. "To be a member of the club you have to be a member of Camra, so our investors know the industry very well. We re-invest all our dividends so the club truly supports the businesses we invest in." He added: "The story of the Dusanj brothers and what they have achieved since rescuing Cains is very familiar to our members. There is excitement to see how their philosophy will benefit the new Cains Beer Company." Sudarghara Dusanj said: "The Camra Members Investment Club are beer connoisseurs. It feels like an army of beer lovers has endorsed our plans." |
Posted at 01/6/2007 06:50 by crosswire Bid goes down well at CainsMay 30 2007by Neil Hodgson, Liverpool Echo BEER lovers have given a huge vote of confidence to Liverpool brewer Cains's takeover of a rival pub company by snapping up more than a million shares in the target company. The ECHO last week revealed Cains's move for Preston-based Honeycombe Leisure, which will be renamed the Cains Beer Company after an extraordinary meeting of Honeycombe shareholders next Thursday. After the takeover bid, investors, who are all members of the Campaign for Real Ale members' investment club, have bought more than 3% of the stock exchange listed bus-iness in a show of support for the plans of Cains's joint owners Ajmail and Sudarghara Dusanj. It is the first time that the investment club has bought so much of a regional beer business so quickly. Shares in Honeycombe, which has a 100-pub estate, have doubled in value since the deal with Cains was announced. Investment club spokesman Dave Goodwin said: "This is an exciting development. Cains is creating the first integrated pub and brewing business to list for over 10 years. "We see it as a long-term investment for a business which is producing quality beers and getting into more outlets as a result of the deal. "To be a member of the club you have to be a member of Camra, so our investors know the industry very well. We re-invest all our dividends so the club truly supports the businesses we invest in." He added: "The story of the Dusanj brothers and what they have achieved since rescuing Cains is very familiar to our members. There is excitement to see how their philosophy will benefit the new Cains Beer Company." Sudarghara Dusanj said: "The Camra Members Investment Club are beer connoisseurs. It feels like an army of beer lovers has endorsed our plans." |
Posted at 23/5/2007 13:18 by crosswire Rejuvenated Honeycombe looks a sweet prospect Published: 21 May 2007 It is over ten years since the last independent local brewer listed in London. Belhaven, the Aberdeen-based brewer, gave investors tremendous returns before being bought by Greene King last year. So perhaps Honeycombe is one to look out for. Honeycombe has in the past struggled under a burden of debt, the shares tanked from 80p to 5p over the five years to the beginning of April. However, news last week that the company has agreed a reverse takeover deal with the Liverpool-based brewery Robert Cain & Co should breathe new life into the business and give hope to its long-suffering shareholders. The business will be re-branded the Cains Beer Company, and an Extraordinary General Meeting on 7 June to ratify the deal should get unqualified support from shareholders. Cain has been going for more than 150 years. The company was brought from the brink of collapse in 2002 by Sudarghara and Ajmail Dusanj, two names with which investors may not yet be familiar but who have an enviable track record of turning around failing businesses. Sudarghara will become chief executive of the combined group, which will be chaired by Roy Morris, a former chief executive of Rathbone Brothers. Broker Charles Stanley successfully raised £6m net of new capital via a placing and issue of loan notes. The shares have rebounded to 11p, but Cain looks worth backing. |
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