Global Oceanic Carriers Share Discussion Threads

[mdchand] 01/12/2005 09:52

re yesterday's sale - that was Citigroup dumping at 70p on behalf of a client. The fact that Collin Stewart are not commenting on it should be taken negatively. One for the brave - for now. Still that said, if they are able to secure some long term contracts anything is possible.

[grippa] 01/12/2005 09:49

the reason is the shipping market is finished...Prices of second hand vessels have dropped by about 40% and the spot market is looking very very ill...with far too many new ships arriving next year and in 2007. The boom cycle is over for now....I would get out now IMHO.

[jonnyboy2] 01/12/2005 09:43

There was a very large sell yesterday.

[mdchand] 01/12/2005 09:37

hmmmmm - something clearly isnt right here - am gonna try and find some recent broker notes and see what's spooking the market....

[simonparker5] 01/12/2005 08:44

Back in May the company raised £20m in the IPO. At 69p this company is valued at £13m. They say this morning that they are trading profitably and that cash flow is good. Seems very under valued to me.

[berry786] 01/12/2005 08:24

Well well well! whats going on here! I dont know what else the company can do do shore up the share price, they keep on saying things are fine yet it continually drops. I've been watching this for a while and have decided to get in at 70p. Either these are a real bargain or there is something real sinister going on behind the scenes causing the fall. I've been screwed over by Biofuels so am hoping thats my bad luck for this year done with and these will be highly rewarding.
Good luck all

[Abuse team] 01/12/2005 03:50

Post removed by ADVFN

[rambutan2] 01/12/2005 01:50

perhaps they took a look at goc's share price...

Goldenport Holdings Inc announces the postponement of its Initial Public
Offering

Wednesday 30 November

The UK and European markets have not proved to be receptive at the current time
of the shipping business to such a degree for the Company to conclude the
transaction on the anticipated terms. This is despite receiving support from a
number of the highest quality UK and European institutional investors.

The Company will focus on running its highly profitable business and executing
the strategic objectives outlined in its prospectus whilst monitoring market
conditions over the coming months.

[rambutan2] 17/11/2005 09:50

further details on goldenport...

[sharegod] 16/11/2005 23:39

I have had no response from the company which puts me off a bit. If companies cant be gracious enough to answer investor queries then they are not having any of my hard earned.
Yes konkel they may well be in a closed period but i am not asking for any price sensitive info. No wonder they have nosedived since the float if this is the level of disdain Private shareholders are treated to.

[empirestate] 16/11/2005 17:14

well worth a look fourth vessel should be acquired hopefully by next month
charter rates have leveled/improved and the outlook remains stable

[rambutan2] 15/11/2005 09:34

noticed that a greek shipping co set to float on main mkt. bigger than this one but not huge. uses same div payout style model. cant remember the name though! will update.

(quick) update: it's goldenport. anyone care to compare and contrast?

[konkel] 15/11/2005 08:05

I think you'll find they can't say anything ;-)

[rambutan2] 14/11/2005 17:23

please do sharegod. ive been meaning to contact them.

[sharegod] 14/11/2005 16:37

have emailed the company today will report back any findings.

[konkel] 14/11/2005 16:28

This stock must also yied 10%+ if they pay the divi proposed at the time of float.....surely they're the wrong price? But, as they say, "the market always knows!!" ...so caveat emptor.

[sharegod] 14/11/2005 15:20

hard to believe that with 10 mill on the balance sheet and cash flow positive these are only valued at 7mill.bargain.

[sharegod] 11/10/2005 15:43

nice statement.Two of those contracts are worth about 6 mill turnover.

[sharegod] 10/10/2005 10:10

well it keeps getting even cheaper.I reckon a little bit lower and these are a steal.say 85p.

[rambutan2] 20/9/2005 17:21

bunker costs will be biting though.

but agree that looks interesting.

[sharegod] 20/9/2005 16:49

I imagine these can turnover around £10mill if their margins are anything like frontlines they should make about 3 or 4mill profit.look quite cheap to me.will await some numbers before commiting though.

[sharegod] 18/9/2005 19:48

Hi john 56 do you have any fundamentals for this company.mkt cap. No of share in issue.turnover?

I can remember buying frontline(fro) about 6yrs ago at 1.50.maybe this could do the same.

[tundertre] 05/9/2005 13:55

i've got quite a few of these....v.Dissapointing so far. For slapdash's info it's a shipping business. Thanks for the website link,JM>

T123.

[jonny mac] 04/9/2005 20:38

try the company website :

www.gocarriers.com

[slapdash] 22/8/2005 20:26

how about what does it do???