Global Ports Share Discussion Threads

[cc2014] 25/2/2020 16:37

Definitely something going on with the main shareholding RNS again today and it spiking up into the close as if someone just wants to collect volume and is doing so to encourage sellers. It looks to me like the original owners will bid to buy the business back, or at least see the shares as cheap. I've sold out today. Whatever the main shareholder is up to I can't see how passenger number and freight aren't going to be affected for some considerable time. Certainly the share prices of the airlines suggest this. I've probably been shaken out but better safe than sorry

[cc2014] 24/2/2020 12:02

There is something going on here. On a day when every shares is trouble on the back of Coronavirus and the FTSE is down 250pts after the initial gap down this has come back and has hardly fallen at all. I note the large shareholder has raised their shareholding from 60.9% to 61.8% and omitted to tell the market for 20 days. Shareholding RNS So, they have been tempted in by the low share price. Tbh given the current situation I would very much like to sell but now I'm conflicted as their actions and the price action is telling me to stay in. Which is what I'm going to do for the moment although I'm watching the price action very closely.

[cc2014] 14/2/2020 11:53

Having called the bottom in post 198 at my tenth attempt I'm slightly surprised to see the share price coming back up bit by bit. It would seem the market is looking past the Coronavirus but I remain rather nervous on that topic. L2 remains as confusing as ever. There's clearly one (maybe two or maybe the two are the same person) continuing to sell over and over as we can see from those 426 trades. The 362 keeps coming back as well but it's running a far less agressive algo. The 426 is an iceberg whereas the 362 is more intelligent and if it gets filled a few times will try for a better price. My sense more than anything though is that someone is trying to manipulate the price up to get those 426's filled. Almost certainly whoever is selling the 426's

[escapetohome] 13/2/2020 09:04

Im watching and may take a nibble at 2 or below.

[cc2014] 12/2/2020 13:39

Can I call the bottom again? Is that allowed? Can I keep doing it until I get it right? Very strange trade flow imho. Not because the share price is rising because the coronavirus figures have stablised, but more the way the type and style of trades.. I would very much like to see what happens at 220p and whether we get another bunch of selling there.

[scoop8] 10/2/2020 15:51

Looks like the perfect storm for this Hargreaves Lansdown recommended dog

[scoop8] 10/2/2020 15:51

Looks like the perfect storm for this Hargreaves Lansdown recommended dog

[cc2014] 31/1/2020 09:54

New sellers on the back of coronavirus I expect. I see the cruise ship held in Italy has now been released as the two suspected cases found negative. Not sure were we go from here now. I think it rather depends on whether in the next two weeks all the new cases are in China only (and further becoming restricted to Wuhan). A very difficult situation to predict. SARS and Ebola were brought under control. Regrettably it is difficult to say with 100% certainty the same can be achieved with Coronavirus or indeed how long it might take. Difficult times.

[orm5] 31/1/2020 09:43

Fingers crossed, but it's been going on a long time and I see we now have 228p on the bid.We should also be due an update on the strategic review as well

[cc2014] 28/1/2020 13:44

How bizarre. The seller that's been sitting at 239&240 for days on end has disappeared. Even more puzzling as just a few days ago they had unfilled orders still sitting there waiting to be filled. Fingers crossed that was the bottom (yet again)

[cc2014] 17/1/2020 10:22

Another week on I see. And today I'm totally convinced GPH has now started an uptrend. There's still a seller at 239 but he's happy for the buyers to come to him and doesn't seem to be competing with other sellers. Further with the China/USA trade deal part 1 now signed, I think that lifts some pressure of things getting worse.

[cc2014] 10/1/2020 10:24

Well. I'm a hopeless optimist it seems. The trade pattern and L2 is most confusing. Some days I sit here and believe we have reached the point where there is only one seller left and the buyers are gently taking their holding off them and then other days it looks like there are multiple sellers who are in a huge hurry to sell their shares and really don't care about the price they get. Today we are back to me believing however many sellers are out there they aren't in any hurry at all and happy for the buyers to come to them. I dunno. I've been here so many times before on so many stocks. Nothing I believe is going to speed up the process of the seller dumping their holding and it will be done when it's done. Fingers crossed.

[cc2014] 06/1/2020 09:12

Still a seller out there who's not letting the share price rise. Nothing we can do but continue to wait until the seller is finished. All a bit frustrating.

[orm5] 06/1/2020 08:59

More positive news and the share price stays the same. Hopefully we will hear on the strategic review soon

[livewireplus] 20/12/2019 17:03

Indeed... building nicely ... full steam ahead in clear weather creating a bow wave ... soon be time for a G&T in the ships bar ...

[cc2014] 20/12/2019 15:32

And another one. Singapore concession extended to 2027. Perhaps things are on the turn now.

[cc2014] 19/12/2019 12:18

Here we go. Seller at 235 finally finished. On to 250 next.

[scoop8] 18/12/2019 08:51

I’ve followed this stock for some time and have become increasingly disappointed that the management have done very little to support the share price at any stage . I find it quite strange surely they to have holdings.

[cc2014] 18/12/2019 08:40

Another day, another contract win and although the MM marked it up slightly first thing it didn't hold. Sooner or later this share is going to turn but where? Fingers crossed it's today.

[cc2014] 12/12/2019 12:52

I found the trading update very helpful. Passenger business forecast to double next year, but on the other container/frieght out of Akdeniz in Turkey has halved in last year. Container freight down to Trump and trade tariffs. I think if you are prepared to hold long enough he won't get in again and some of the tariffs will be reversed. Just my opinion. It appears margins are generally holding despite the loss of half that business so somehow they are mitigating the problem. I note Turkey have dropped their interest rate by 2% today to 10% down from 22% in July. (Yes really July this year) in order to encourage the economy. I consider the debt not to be of concern at the moment as the company throws off cash due to it's fixed assets and some upfront payments on port rights. However, their expansion plans are going to require more debt (which of course will be spent on fixed assets which are very visible and aren't going anywhere and are in a growth market). tbh I bought most of my shares between 250&285 to trade out for a quick turn but the more I've looked into the detail the more I've moved this to a 2-3 year hold. The passenger growth number in the recent published presentation lead me to think profits will grow regardless of Akdeniz freight ( and if Trump does go or scale back on tariffs in order to get re-elected that a significant bonus) Finally, seems a good opportunity if you don't want the worries of stocks moving around dramatically due to Brexit.

[galeforce1] 12/12/2019 11:54

There are some interesting reviews of GPH's quarterly results on Stockopedia today and yesterday. The reviewers and contributors on that site are very UK-focused and usually very suspicious/cautious about foreign companies on the LSE, particularly from those from properly foreign countries like Turkey where people don't even speak English and other worrying things like that. But to my surprise their tone is quite positive. They think the company's divi is too high and unsustainable, and that debt is too high, and they don't much like the ownership structure. On the positive side they are impressed by how fast the Cruise terminal business is growing and how much cash it is generating.

[joseph moran] 09/12/2019 21:12

Some buys and sells at 2.45 I wonder if they are buys marked in red, I have seen this before.Looks busier now so hopefully will start to rise.

[orm5] 05/12/2019 22:20

It's about time for a turning point. Cruise port revenue on the up and a number of new ports added over the past year should add further to this. Commercial Port revenue has not done so well and a strategic review was announced earlier in the year. Good dividend yield, however the company reduced the last dividend - partly due to planned investment in new cruise port operations. Long duration port concessions are also a positive.News should be due on Q3 anytime and given the strategic review was announced 3 or 4 months ago, hopefully there will be an update on this in the coming months.

[cc2014] 05/12/2019 19:13

I added today at 250p. One algo programmed to aggressively sell down to 250p but no lower. Quick look at the interim presentation suggests the risks are: 1. 250m euro debt due in Nov 2021 but assume this will be renogiated at a lower rate than when it was taken out. 2. general political uncertainty in one of its ports in Turkey but that's been going on 3 years already What I do know is volume usually indicates the turning point and that we seem to have.

[galeforce1] 05/12/2019 16:37

The market really doesn't seem to like GPH. Down 45% in 12 months and yielding 13%, according to Stockopedia. What's the bullish case here, part from the yield? I can see a few negatives, like net debt of $333m. On the other hand the p/e is low, the business is growing and expects to be profitable in 2019. Interesting to read in the posts above that a persistent seller is pushing it down.