Global Ports Share Discussion Threads

[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.

[joseph moran] 05/12/2019 16:29

I think its time for this to go higher. People have been selling at 2.57 and others buying at 2.50, very strange spread, was 2.49 sell buy 2.50,usually it has a large spread.

[cc2014] 27/11/2019 09:15

I have added this morning. I've been watching L2 for weeks and imho the order book is being heavily manipulated to keep the share price down.

It remains my view that there is only one seller out there (GIC as post 174) and their time preference outweighs their price preference.


At a 13.6% yield even if the share price falls a bit further I'm comfortable with holding this trade as I have it in a tax free wrapper.


I see the share price like a coiled spring in that as soon as GIC are finished the party that's been soaking up the shares (which is mostly one party who I believe is manipulating the order book) will want to push the share price up 100p at least to collect their profit.

Fingers crossed

[orm5] 25/11/2019 19:37

Disappointing to see the share price down again..... we must be due a Q3 trading update soon and also an update of the business review they announced earlier in the year

[cc2014] 29/10/2019 15:33

I think it's a coiled spring as there is one seller in the market who I'm assuming is selling out of their position.

The seller is GIC which is the Government of Singapore's Sovereign Wealth Fund.

They purchased 5% or around 3m shares at the float at 741p.


They held all these until August 2019 when we were notified they dropped to just below 4%

Then they sold another 1% in the next month


I note that the share price on both the last dates for GIC was 300p and we've had lots of trades since with the share price stuck at 300p.


So, I venture the share price is stuck here until GIC are finished. How many have they got left? I'm not sure but I'm clear as soon as they are finished the share price moves up.

[davwal] 24/10/2019 11:49

Another encouraging RNS confirming commencement of Antigua operations. Quite why this stock languishes at these prices no matter what good news is delivered is beyond me. At some point there should surely be quite a rerate.

[cc2014] 03/10/2019 09:36

Just as the share price seemed to be moving upwards away from 300 with punters paying 318 and a price of 312 available to sell for a large part of yesterday it is back at 300 to buy.

I've picked up a few as I assume it's someone dumping a few to switch into something else. Happy to hold, happy to trade out for the right price.

The 10% dividend yield is quite attractive and I assume we will see a run up in the price towards the dividend as we usually do.

[orm5] 29/8/2019 21:01

Would hope it take the share price back up, an increase of circa 50% is quite a change. There is also the possible disposal of the less profitable commercial port concessions which could also be another boost to the share price. The sale of those could possibly be used to fund the new concession investment

[cc2014] 29/8/2019 07:48

Huge order today increasing total passenger volumes by close to 50%.

The construction phase is expected to start in Q4 2019 and is anticipated to be completed within 24 months, once construction has been completed total revenues are expected to be in the range of $35-40m per annum.

Should do something for the share price surely?

[orm5] 22/7/2019 14:50

Any reason / news for the decline today ?

[joseph moran] 05/7/2019 16:19

My dividend was paid today with interactive investor