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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Goldenport | GPRT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.225 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.225 | 1.225 |
| Top Posts |
|---|
Posted at 22/9/2015 10:22 by cjohn Hi Charlie, the man from Panmure Gordon made the very same point as us in the conference call.In that call, hopeful noises were made about the likely direction of the Baltic Dry, No one can guess the timing of any revival, obviously. I understand if the BDI gets into the low 1000s and stays there, GPRT will then stop bleeeding cash. |
Posted at 19/6/2015 13:51 by petty officer birdseye Statement re share price movement, Offer at £1.20 per share!!!I just bought in at £1.40 which if the takeover goes through represents an outstanding bit of business on my part. True to form as always :D Seriously, I hope GPRT and the BOD don't succumb to a low ball offer like this. |
Posted at 06/4/2014 21:15 by valueman6 Has anyone looked at the AGM circular - here's my take having looked through the circular + the recent IMS:1. GPRT looking to purchase 7 vessels (all bulk) valued at $170m (market cap at current rates is $66m)from the Dragnis Family 2. 5 of the vessels, Green Dolphin I-V valued at $120m, have 3 year charter agreements with Trammo - a big fertilizer company, assuming 300days pa = $16m pa at the floor charter rate 3. Cash (cap raise) of $37m would be needed by Jun'14 - not sure what the debt terms are for the balance $134m 4. The IMS (3 Apr) indicates fleet utilisation is much higher on containerships rather than bulk, yet the strategy seems to be to focus on bulk carriers 5. Dragnis family would commit $25m cash to any cap raise and enter into a non-compete agreement for 4 yrs 6. Dragnis family are already committed to $170m for the 7 ships they're trying to offload. Are they overcommitted and is this a way to offload their commitments to the shareholders (of which they represent 59%) OR Is this the Dragnis family trying to streamline their activities through 1 vehicle - GPRT? and therefore WIN-WIN 7. - Planning a share issue and consolidation (10 to 1) - Planning a rights issue + placing (couldn't find details) This is a game changer for GPRT - I'm not sure what to make of all this - I was quietly optimistic until now about GPRT prospects but related party transactions make me nervous and am no longer sure. I started buying in 2009 and have been accumulating on the way down, currently nursing a small loss |
Posted at 03/2/2014 13:02 by meijiman Yes difficult to chose between GPRT and HCL. Think GPRT is doing a concall today at 2-30pm.Not sure I have time to listen in -key really is how they see the outlook for the year. I suspect they realize that the share price moves like a proxy for BDI but they may not want to make too much of that. I'm in for the medium term so not overly fussed short term by penny up or down. By not committing they are well geared to any recovery in day rates assuming their fleet can be fully utilised. |
Posted at 03/2/2014 11:36 by luckyjonah They may well make a loss in the next 6 months (personally I think they will be close to break-even), however given the cyclical nature of shipping people will buy ahead of individual company results... any sign of continued strength in the BDI, and also specifically other companies in this sector, will see a sharp re-rating upwards IMO. Interesting to note they anticipate dry bulk recovering ahead of containers, I hold similar amounts in GPRT and HCL as I couldn't pick one over the other for the imminent recovery. |
Posted at 30/1/2014 11:15 by wotreally Baltic Dry Index is about 30% below the 1500 it should be at, so a quick jump will get renewed interest.The loss on the sale of recent ship will have been figured into the price already by the brokers. If other shippers are doing better (see 8th January post)... so will GPRT. If you are here for 6 months or more, unless price falls to 30p sit all drops out, it will recover. If you want a quick profit, sell now. As ever, Wot |
Posted at 28/1/2014 10:19 by cjohn Hi Meijiman,I have no special knowledge in the field of shipping (I'm an asset focussed value investor). But as I understand it, it's quite usual for the BDI index to be volatile when things begin to recover. In general, I tend to discount short-term movements in indexes as mere noise. Obviously the BDi could go back down below 1000. But the balance of probabilites looks otherwise. Overall, things look rosier now than 6 months ago. I certainly don't mind anyone telling me to think more or do more research, by the way. I've followed both HCL and GPRT for a couple of years - but missed buying HCL in the mid-teens. Greedily, I hoped they'd go lower. At current Price, GPRT looks less risky. |
Posted at 27/1/2014 10:01 by meijiman I think shipping will be a good strategic recovery story this year. I see that Goldenport has put out an RNS giving the date of the next figures -Feb 3.CJohn -sorry to sound a bit like a schoolmaster.! THe BDI rallied strongly at the end of last year and perhaps surprisingly dipped in Jan. I believe it will recover strongly as we move further into Q1. I bt Goldenport around 45p but happy to sit and await developments. Guess the other way to play the shipping cycle is to buy a shipping ETF. There is one in the US. Could have bt Hellenic but liked this one as it has a large family holding plus a dividend payout policy which apears to be flexible. The earnings multiples look attractive. Let's hope for a positive statement on Feb 3rd. |
Posted at 23/12/2013 04:59 by triktrak Panmure Gordon towards the end of last week raised its target price for GPRT from 50p to 60p. |
Posted at 12/9/2013 15:53 by luckyjonah There does seem to be a continual seller at the moment - I bought more today easily. I also hold HCL which has doubled recently on only small volumes, looks to me like GPRT is currently far more undervalued than HCL although HCL is pure dry bulk (no containers).It's just a waiting game. |
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