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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Globus Maritime | GLBS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 700.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 700.00 | 700.00 |
| Top Posts |
|---|
Posted at 18/6/2008 10:58 by slapdash bought some today... spread a killer... but appears like good entry point given that P/E for this year is about 4.5X and next year 3.4X....(these fall down further after the hopefully 5% interim dividend)... calender forward p/e about 4X... dividend this year say 10% and next year say 15%....yes freight rates are off a lot but they had a strong rise beforehand... So it is a gamble as who knows where frieght rates will be in a year's time.... but I think this is a reasonble one... however, we will have to wait for interims in September I guess.... as these companies don't exactly produce much newsflow... dividend then should be nice.. also we may see earnings surprises on the upside come September given the strong freight rates for the second quarter... it all comes down to what risk-premium investors put on this sector... (I don't blame the market for a high risk premium given how freight rates can collapse in a matter of months).....and when (probably not if) freight rates do fall back markedly (hopefully a few years out given credit crunch has reduced ship buying/building)... in any event if we get the 25% dividend for the next two years then that is 25% of our money back... Slapper |
Posted at 11/3/2008 18:24 by slapdash reasonable volume.. i can only guess they are meeting investors...another theory might be that this is a company which is very exposed to the BDI spot rates as it hasn't hedged forward much and the BDI has moved up quite nicely recently... Slap |
Posted at 12/10/2007 14:07 by generalcuster alter egoi think NAV is important to this stock given it is new without much operating history so investors like to know there are some solid assets backing up its share price. however, given that most of its vessels will roll-off below-market charters in during 2007 and 2008, and with 2 new vessels to be delivered, the chances of locking in new charters at very high levels is good. So as long as the BDI remains strong I believe that we will see this stock continuing its upwards momentum. I think forecast eps will play a more important role than NAV valuations for this stock. I also suspect that there will be a follow-on offering in due course to take advantage of the strong market and increasing investor awareness. |
Posted at 27/9/2007 07:43 by alter ego Thanks Courant. Investor presentation dated a couple of days ago now available at which makes interesting reading and gives expiry dates of 2/08 for both the Ocean and Lake ships with Tiara and River (which is a slightly bigger Supramax) available 12/07. Dates given on company website which I referred to must be out of date. |
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