We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Global Oceanic | GOC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 168.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 168.00 | 168.00 |
| Top Posts |
|---|
Posted at 08/8/2008 18:00 by sambessey Well... Sticking mine in GVC.L- ludicrously cheap online gaming co- good growth, acquisition target and a truly ENORMOUS dividend... Currently circa 20%... Done very nicely out of it over the past year and a bit... |
Posted at 11/7/2008 18:27 by wilddonkey Yep it's robbery. If they had paid the dividend for a couple of years the shares would have doubled at least (plus another 20% in dividend) and still have been cheap. Realising that they could make a killing and that they already owned the majority of shares they decided to rob the minority holders, and the "independent" directors were just plain stooges. |
Posted at 27/6/2008 15:21 by slapdash Courant - yes it does appear to demonstrate that the directors of GOC think there is a valuation anomoly... it also suggets that they feel shipping rates will stay strong for the next few years..In the case of HCL I don't know if there is an anomoly as it only came to the market recently and so it was prepared to sell itself at such a low price... something surely is only worth what people are prepared to pay... one does feel why did they list if they only got a poor valuation to start with... going forward one can say that it is all about expectations of frieght rates about three to four years out... at current stock market valuations the implication is frieght rates will be say 25% of where they are now in say four years..... who knows the stock market could be right.... however for every year they are out by we would get a 15% dividend.... so very tough to value these stocks all a question of where you think the crunch year will be for frieght rates... year 4 or say year 6.... or if the crunch year happens at all... afterall frieght rates were about 1,500 in 2002 and now are about 9,500.... if supply of ships overwhelms demand is there any reason they can't go back down to 1,500... the only consolation is obviously GOC directors don't think so... Slap |
Posted at 27/6/2008 07:51 by slapdash is this a good price?? what does it say about expectations for shipping???Good to make a profit in these markets though!!!!!!! also who are newport holdings and how likely is this to go through??? Couldn't find them on Goolge.... could this be a Greek stitch up... buying GOC on the cheap??? I think the price means an effective P/E ratio that they are buying it on of 4X.... But I doubt we have much choice as I think one or two shareholders have all the stock.... so it will no doubt go ahead... also I wonder if the other shipping companies.. HCL, GLBS will have similar offers as they are even cheaper than GOC and they have younger ships..... appears to suggest the sector is lowly valued....... at least from the perspective of potential bidders.... freight rates still strong and HCL/GLBS have yields of 11% this year and nearly 16% next year... Slap |
Posted at 19/5/2008 11:24 by sambessey Small mention in this week's IC for GOC.... They were upbeat on BMS, GOC, CKN, etc (Of which GOC is the best IMO) |
Posted at 18/5/2008 11:50 by lonrho yes HCL is very cheap but i think that GOCis cheaper.If GOC get similar rates to HCL for their 2 vessels that are due new contracts and assuming a little less for the one due in november it is conceivable that 2009 turnover could hit approaching 100m dollars,that is approx 25m dollars above the analyst forecasts as shown on digital look.That would blow the forecast earnings per share out of the water which at 40p could be exceeded by at least 20p putting GOC on a p/e of 2.5 or so.HCL is probably about on a prospective p/e of 3.GOC also has higher shareholder funds,much lower gearing and 20% more DWT than HCL.However they are both some of the cheapest shares on the market providing charter rates dont fall off a cliff anytime soon. |
Posted at 15/5/2008 10:10 by luckyjonah I really don't think TA has any relevance to a small cap stock like GOC, the share price is generally a direct reflection of the BDI Index - which is daft because GOC's management style of securing long term charters is exactly designed to smooth out performance relative to the BDI. However IMO this reactionary performance is likely to be the way for at least another 6 months until the next dividend is paid and people look closer at the company and its cashflows.What would be a great bonus for GOC is if the BDI remains high this year and they can secure the next 2 contract renewals at high rates - I had anticipated a drop in the BDI for those renewals, and even at just a modest increase they are generating shedloads of cash and on a very low PE. |
Posted at 26/2/2008 14:57 by luckyjonah I don't know where they get the *forward* PE of 6.5 from, @ 108p that implies a predicted EPS of 16p - which was the annualised 2007 EPS with only 5.3 ships!The last I saw Jeffries were predicting EPS08 of 33p which gives a forward PE of under 4 still, and a dividend yield of around 13%. Selftrade shows the Analyst forecast figures at 26.67p for 08 and 43.77p for 09, giving forward PEs of 4.76 and 2.90 respectively, and dividend yields of 10% and 17% respectively - I'm not sure what the SelfTrade figures relate to, perhaps an older set of Jeffries figures? |
Posted at 26/2/2008 14:29 by azalea slapdash GLBS FY 3/3.Just reading through this months IC article which concluded with a 'buy' recc @ 108p. 12 mnth H/L - 70/164p. Highlights: House broker Jeffries International believes GOC is trading at an unjustified 40-50% valuation discount relative to its UK peers. New management can be credited with reducing average daily operating costs from $900 to $550, whilst increasing the size of its fleet. If the market rebounds GOC is still likely to continue to trade at a discount to its peers, but a forward PE of 6.5 and a dividend yield of over 7% seem extreme! Buy. We know the the dry bulk cargo market is improving. China and S .Korea have already agreed to big increases in iron ore prices, so demand there must be huge and all to the good of GOC, et al. |
Posted at 21/2/2008 16:56 by courant GPRT, I think these are pretty attractive at the minute. I cast my eye over them a while back but they were riding high at the time and looked a little too expensive (compared to GOC & GLBS). Must redo the numbers some time, but my gut reaction is that they're good value. They have the distinct advantage of being main market, thus open to many more investors. I'm not sure what the container market it doing at the minute, but their dry bulk fleet looks well employed. Due to their exposure to containers, they should suffer far less earnings volatility. A good buy, wish I had more free cash at the minute, there are good opportunities all around! That said, I'm pretty exposed to shipping through GLBS and GOC (around 30% of my small cap portfolio) so I'm reluctant to raise this much.Brokers. Haven't looked at these in great detail. I must say, though, that I prefer the business model of the shippers with their medium term charter profile; you're right, I think the brokers' earnings will be more volatile. There could well be bargains here, I don't know. Hellenic. Looked at them on float. Possibly attractive. They have two ships on the way and I'd like to see their actual delivery in order to de-risk. Plus, there's one charter to fix and I'd like to see the results of this too. They're still not as cheap as GLBS :-) Otherwise, they've got good charter rates secured on their existing fleet, operating costs are tight (less than GOC, more than GLBS). I'd like to see their post-IPO balance sheet. In short, one to watch. Look, with these 3, and GPRT to some extent, the business model is virtually the same, and they're operating in an industry with superb fundamentals. As an investor, you have to make a call about which you invest in. There are differences in the levels of gearing and capital structure, the charter profile (and thus exposure to the BDI), the fleet profile, and overall valuation, but all are pretty damn cheap. There is an argument for investing in all three, as a means of diversification, but I've taken a call the GLBS is the most attractive of the lot - I currently own GLBS in a 3:1 ratio to GOC. If relative valuations change over time, I may switch out of one, into another, maybe into GPRT and Hellenic too, let's see! Courant |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
