Global Oceanic Carriers Share Discussion Threads

[tadtech] 18/5/2007 13:46

I am interested in the quite aggressive forward dividend policy. It is unusual in as much that they suggest a percentage of earnings as opposed to a nominated value in pence.


"Accordingly, the Company intends to adopt an initial dividend policy of paying
approximately one half of its net income, excluding profits or possible losses
(at the discretion of the Board) from vessel acquisitions/disposals, as a
dividend"



If they do actually earn 23p year end May 2008 even on a conservative note we could have a yield here close to (or in excess of) 8/9% at this level.

Comments on these suggested figures anyone??

[saucepan] 18/5/2007 13:44

Doubled up my holding at 122p

[rafieh] 18/5/2007 13:41

I can see the share price doubling up in less than a year comfortably.

[papalpower] 18/5/2007 11:33

A bit of debate, but in general the sector average, as far as I can see, is 8.5 times forward EPS. That would make a price of between 200p and 260p within range. DYOR.

[tadtech] 18/5/2007 11:21

From a competitor website I see that the forecast growth for year end May 08 is 150% with EPS forecast at 21.71p, for 2009 EPS of 33.33 is pencilled in.

With these forecasts, continued strong bookings, company returning to the dividend list and the strong possibility of a takeover offer I feel action is just starting here.

[abubryn] 18/5/2007 11:02

boy they is shaking ,how they is shaking .Nice to see mms struggle for once .ENJOY

[bigbobjoylove] 18/5/2007 10:32

lol! a failed shake i see.

[abubryn] 18/5/2007 09:31

some people just have no ambition ;0)))

[bigbobjoylove] 18/5/2007 09:23

170p here we come.

[kneath] 18/5/2007 09:10

Topped up today - but not as early as I should have.

[tadtech] 18/5/2007 08:42

Bought in this morning. Looks considerably undervalued considering the massive recent uplift in charter fees, would expect a decent re-rating in time once this comes on most peeps radars.

[papalpower] 18/5/2007 08:27

Yep, well its Friday, so profit takers amongst the short termers.

One to add slowley in for me, and wait for a the upward trend to take you higher places.

[kneath] 18/5/2007 08:26

Morning! - better spread and better buying opps today after few profit takers. Come on down!

[jimmymac2] 17/5/2007 22:21

had a few today:

share whisper:

"meanwhile there was solid buying in Aim listed GOC the supplier of bulk shipping as word of broker upgrades and strong trading did the rounds"

think we may be alot higher in a few weeks.

[dbj the first] 17/5/2007 16:54

www.chart-breakouts.co.uk comment at 12:40pm today, spot on re MMs i guess.

"A good move up for our new buy GOC today and it would seem the Market-makers haven't a great deal of stock given the spread and the amount of stock they are willing to sell. We really like the look of this stock and as we said yesterday brokers are forecasting eps of nearly 22p for 2008 (link) putting the shares on a bargain pe ratio. A few good comments on bulletin boards suggests if the stock is re-rated to its peers then the share price would be more than twice the current value. Some stocks are often overlooked and we're hoping this is the case here as we have managed to buy a decent amount."

www.chart-breakouts.co.uk

[pbracken] 17/5/2007 16:46

...the champagne?!

[lonrho] 17/5/2007 16:30

Break out !

[abubryn] 17/5/2007 11:36

Thanks Pp XXXXXX

[papalpower] 17/5/2007 11:08

LOL ABUBRYN - especially when you want to buy some more !! ;) OK, I'll be quiet and let it be a secret longer then :)



ABUBRYN - 17 May'07 - 08:41 - 223 of 236

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 11:06

Ah yes, upgraded from 33p to 37.22p by Charles Stanley on the 11th of May.

[papalpower] 17/5/2007 10:57

Thanks riv, I thought the forecast was 33p for BMS, I'll check the broker figures.

[rivaldo] 17/5/2007 10:53

Er...not to comment about GOC, but merely to point out inaccuracies on BMS as above (hello PP!):

- the BMS current year P/E is 11.2, not 12.5, as the forecast is 37.22p EPS, not 33p EPS
- BMS made almost 21p EPS in H2 last year. The BDI has zoomed up since then, so it's likely that even with rates staying at current levels BMS will beat the cautious broker forecast by some way
- and the kicker : BMS is ISAble, so no tax on gains! For those without SIPPs this is a considerable advantage to having to wait a year whilst being taxed at 40% for AIM stocks like GOC.

As I say, not making a verdict on GOC, merely pointing out the facts.

OT : sorry to everyone else here.

[bluepill] 17/5/2007 10:51

pe ratio sector is nearer 5 sorry. dyor

[papalpower] 17/5/2007 10:45

GCI had GOC as a speculative buy not long after listing (shame that the old management really messed things up !) however, with the new namagement in place and the Baltic Index flying, perhaps GCI will now give them another look over, this article was done at 106p price in 2005......and the story is now very much better and stronger than it was then when this was written.




Global Oceanic Carriers - SPECULATIVE BUY

Companies: GOC

25/08/2005

This Greek shipping enterprise has seen its shares drift 24% from their late May float price of 140p, giving investors a good opportunity to climb aboard. Global Oceanic Carriers was set up by chief executive Vassilis Vintiadis to buy, from two brothers, three vessels that transport drybulk. Shipping broker Vintiadis teamed up with finance director Douglas Kearney, who has a private equity background, to raise £20m. This, with an additional £20m loan, purchased two Panamax bulk carriers, able to carry up to 70,000 tons each, and a Handysize vessel, carrying 30,000 tons. Global has also bought another Panamax carrier as well. There is currently strong demand for drybulk ships because most shipyards are building double-hull tankers to replace single-hulled ones that will be phased out, following environmental disasters, in the next five years. At the same time there is strong demand from Asia for iron ore, coal and grain. Between 1999 and 2004, trade in all drybulk commodities rose 25% to 2.46bn tons, most of which is transported by sea. Vintiadis has strong contacts in China. The company may eventually buy nine vessels. The three initial ships made a profit of up to $14m last year. In a recent trading update, the group said the Baltic Dry index had risen 42% during August on an anticipated rise in trade volume and charter rates. The recent share price fall makes them a speculative buy.