ACM Shipping Share Discussion Threads

[ged5] 11/2/2007 18:44

Thank you,

Only just noticed the holding announcement. Looks like the buying may be starting by fund managers.

Also noticed this at the end of the admissions announcement:-

"Expansion across shipping sectors
• The Directors believe that the gas tanker (LPG and LNG) market is a growth market in terms of global consumption patterns and seaborne trade and see this as an important area for ACM's expansion
• If conditions are right, ACM intends to set up or acquire a small tanker (including chemical tankers) broking department in order to serve ACM's existing clients
• Dry cargo ship broking is also an area ACM will continue to monitor closely."

We could have an some interesting times ahead.

[tole] 06/2/2007 09:35

Thanks Ged...let us know of the others you are mulling over when you can.

Noticed a nice write up by Eden Financial in their Jan07 update.
You need to register to access their research.

Notice they use the consensus forecasts as put out by Edison.

https://privateclient.edenfinancial.com/default.asp

[ged5] 04/2/2007 14:26

Major shareholders

Gundy, James Christopher Ducher 8.00
Michael Amyas Charles Rudd 8.00
William Stanley Middleton 8.00
Benjamin Andrew Lasetter Peck 6.50
Plumbe, John Lawrence 5.02
Keith Anthony Amato 4.63
Andrew Robert Morton 4.63
Note: Total includes 8 that are not displayed.
Total 70.9

[tole] 02/2/2007 19:52

Nice find Ged :)
Other than Edison, any other broker write ups on this one? Looks interesting.
Having a delve around to see what I can find out.

[ged5] 02/2/2007 15:44

From the results in December:-

Highlights


• Turnover increased to £7,459,000 (2005: £6,757,000)
• Operating profit of £975,000 (2005: £767,000 loss)
• Successfully listed on the AIM market on 6 December 2006 raising £7.6 million



Commenting on the results, Johnny Plumbe, Chief Executive of ACM Shipping Group
plc, said: 'I am delighted with the progress that the Company has made during
the first half of the year, during which it has demonstrated strong operational
and financial growth. The Company's admission to the AIM market is an important milestone and we are pleased to have completed the flotation successfully. Our goal is to continue to expand our market share in the shipping markets and deliver our stated objectives, as set out at the timing of the flotation.'

[ged5] 02/2/2007 15:34

Forgot to acknowledge the article in the header.

[ged5] 02/2/2007 15:17

For 2007 Edison investment forecast pre-tax profit of 4.2m, eps of 16.85p to give a pe of 11.84. Add to this a forecast dividend of 6p and you have an undervalued share.

Forecasts for 2008 are even better.

[ged5] 01/2/2007 12:51

Just came across this searching for companies with good fundamentals.

With a low peg and a high prospective price earnings ratio I thought it was worth a look.

Will update the header later.