Global Oceanic Carriers Share Discussion Threads

[papalpower] 17/5/2007 10:37

That is why a comparison to BMS which is same sector is handy.....12.5 times current, thats not over the top, even if you downgrade to say 10 times current year, you get 230p.

You could argue if the sector should be lower, why is BMS over 400p with 33p of earnings forecast for this year ?

[bluepill] 17/5/2007 10:34

This sector's average PE is much lower than most are used to. There may not be a rerating to the degree that you expect.

[papalpower] 17/5/2007 10:32

lonrho, be prepared to wait, as it may take time before the rerating occurs.

If you take BMS then its on 12.5 times current year forecast.

With GOC if you take 12.5 times 23p, you get 287p fair value........thats a good target for now.

[lonrho] 17/5/2007 10:12

PP

Bought some yesterday after doing some research,following your recommendation,just bought another 5,000 at 111.88 its hard to resist at these prices,just wish i'd heard of it sooner.

[papalpower] 17/5/2007 08:46

Well they are moving it with buys, its all blue on L2 now, 1 v 1 @ 108/112

[papalpower] 17/5/2007 08:44

Abubryn, I agree, however the impact of the div statement is most when in its the headlines as commenced imo.

I am diverting into GOC too, but it will no doubt rise up as they all do as the interest grows in what is presently a very undervalued stock.

[kneath] 17/5/2007 08:44

In gently at 111.9p - best price I could get!

[abubryn] 17/5/2007 08:41

PP
The company has already announced its intention to start paying dividends.
It even gave the % of profit it would pay out in the last results .The amount of dividend and the value of this share is fairly easy to calculate .
I would like it to stay a secret for a while until i can divert more funds from other sources .

[papalpower] 17/5/2007 08:22

Kneath, yes I do, its quite a compliment that someone is willing to spend their time and money on stalking me :)

Anyway, back to GOC.

What could be the turning point ? I would that that the major turning point will be results, and the statement that dividends are to be commenced. This will allow GOC to be rated the same as other stocks in the sector, and being as they are on a forecast "current year from 1st June" EPS of 23p, that would make the "fair value" price far higher than where we are now.

One to tuck away imo, and sit and wait for the rerating :)

[kneath] 16/5/2007 17:20

pp - I've just noticed, it would appear you have a BB stalker!

[kneath] 16/5/2007 17:18

Sorry - was using historical figures so amended post - ignore me!

[bigbobjoylove] 16/5/2007 16:18

lol!!
can't see a short in this somehow!

[whatcanyoudo] 16/5/2007 15:42

beware pp has been caught out on the other threads, he is a serial shorter who pretends he is long

[abubryn] 16/5/2007 15:37

I think this is tightly held with not many floating in private hands .
When the projected eps gets noticed and any reasonable demand will force the mms to lift the share price
The dividend promised will also dawn on people eventually .

[papalpower] 16/5/2007 14:42

Bit of movement, 2 MM's up.

Now 3 v 1 @ 103/108

[edcrane] 15/5/2007 15:04

just been highlighted at



as their lastest trading buy

[pbracken] 15/5/2007 14:18

Sound analysis, abubryn; I won't be surprised to see this hit its ceiling trend line at c130p very shortly, before moving on again.

[abubryn] 15/5/2007 13:14

I think these have just got to be cheap .
The rns has just put $14225 per day on the earnings.Surely 80% of this will drop straight through to the bottom line.
Say $14225 x 360Days x.499575 £ /$ x.80 would give an extra £2,046,658 profit for the next full year .
Assume 40M shares in circulation would give a 5p earnings per share UPLIFT
Come on mms lets have a rerate ???

[saucepan] 15/5/2007 12:45

Hi to thread regulars. I went long today at 105p.

[tuckswood8] 15/5/2007 08:03

Charter update
15 May 2007

Global Oceanic Carriers Limited ( AIM:GOC), the Greek-based drybulk shipping company, today announces it has secured long term charters for its vessels Go Pride and Go Faith.

GO Pride: has been fixed for a period of 12 months at the rate of US$18,500 per day, which is almost double the previous rate of US$9,275. The new charter is scheduled to commence on June 2007.

GO Faith: has been fixed for a period of 12 to 14 months at the rate of US$ 28,000 per day commencing end of May 2007.

Commenting on the new charters, Michael Tartsinis, Chief Executive Officer of Global Oceanic Carriers, said: "I am delighted to be able to confirm these new charters which we have secured at very favourable rates. Following the completion of these deals 100% of the entire GO fleet's operating days are secured under period charter for 2007 and 79% for 2008."

[luckyjonah] 04/5/2007 09:55

Hi, I posted my PE calcs over on TMF:



I have PE dropping to 5.6 next year which makes this look pretty cheap.

[sjgadvfn] 04/3/2007 14:27

Are we seeing a breakout for goc? Healthy buying at or around 88p after results is pushing share price to 90p.

[abubryn] 20/2/2007 14:10

Bodes well if they are having to let it tick up today ?