Goldenport Share Discussion Threads

[cockneyrebel] 10/12/2007 12:13

Tickling the breakout level.

CR

[cockneyrebel] 07/12/2007 15:01

bid is fidgetting, get ready for a big breakout when it goes imo

CR

[cockneyrebel] 07/12/2007 10:41

About to break out imo.

CR

[rochester14] 04/12/2007 17:27

holding 1500 @ 373.56 short to long term.

[rochester14] 04/12/2007 17:24

copied from an ADVFN competitor thread::
Shares of drybulk shippers jumped on Friday as the cost of chartering vessels extended its advance, a sign that the global economy -- powered in large part by China -- is expanding at a smart pace.

Drybulk future rates were up about 17% from last week with an average Capesize rate at $137,000 per vessel per day, up from $116,000, said Cantor Fitzgerald analysts. Meanwhile, spot rates for Capesize vessels, which are the largest ships, shot up on Friday to $177,418, up 2.9%, from $172,369 on Thursday, but down slightly from last week. A year ago, however, the rate was below $68,000.

One reason may be that the world's largest iron ore producer, Brazil's Companhia Vale do Rio Doce (nyse: RIO - news - people ), said on Thursday that it had begun discussions with its customers over iron-ore prices for next year. China is the world's biggest iron importer, and it gets 24% of its needs from Brazil. Analysts and investors are expecting significant price increases for iron ore in 2008, indicating strong demand. In turn, dry bulk forward rates for 2008 are also showing increases.

On Friday, dry bulk shipping stocks shot up, with those most exposed to the spot market posting the biggest rises.

DryShips (nasdaq: DRYS - news - people ), which is heavily exposed to spot rates, saw its shares jump 5.0%, or $4.52, to $94.48 at the close, while Diana Shipping (nyse: DSX - news - people ) shot up 4.5%, or $1.52, to $35.41. Excel Maritime (nyse: EXM - news - people ) rose 1.4%, or 76 cents, to $53.54; Quintana Maritime (nasdaq: QMAR - news - people ) gained 3.1%, or 79 cents, to $26.55; and Euroseas (nasdaq: ESEA - news - people ) increased 4.0%, or 58 cents, to $15.20.

Dahlman Rose analyst Omar Nokta said China's demand for ships to deliver steel exports continues to be strong, which proves that the global economy isn't slowing. "Until we start seeing steel prices ease, things are still very strong," Nokta said.

Last year at this time, Nokta said, there were also a lot of concerns, but he kept reassuring investors that as long as drybulk stocks were strong the economy was doing fine. "At this moment in time drybulk is still rocking, but it remains to be seen what's going to happen going forward."

For now, Chinese demand keeps increasing with projects lined up for next year. "Right now it doesn't seem like they'll just go off a cliff," Nokta said.

The Associated Press contributed to this article.

[slapdash] 30/11/2007 15:48

darn I was about to buy some more of these at 390p.... yesterday.... dohh..

Slapper

[cockneyrebel] 30/11/2007 10:29

Timed my buy nicely - reckon we'll get another 20-30p rise this afternoon - sort of feels like a SCSW tip type stock too imo.

CR

[bigbigdave] 29/11/2007 20:29

Bought a few at 8am and only just seen the rise after 2pm. Nice!

[nurdin] 29/11/2007 14:58

what a lovely rise...chart has definitely turned now....500p in due course hopefully

[slapdash] 28/11/2007 16:45

looks like this might be a base for the stock.... slapper

[cockneyrebel] 28/11/2007 16:13

Bought in today.

CR

[nurdin] 20/11/2007 10:13

Being marked down on thin volume...crazy

[slapdash] 19/11/2007 15:53

given the share pirce that is just under half a million sterling....

nice... bodes very well for confidence... one of the biggetst director buys I have seen in a small company in a while...

Slapper

[nurdin] 19/11/2007 15:46

yup Director bought 125k...think I will add more here

[slapdash] 19/11/2007 15:31

large stock purchase... should bode well... slapper

[nurdin] 19/11/2007 09:46

Nice 4.4k buy..someone seeing value here. :o)

[nurdin] 18/11/2007 16:18

Cambium...the debt is a trading debt and the interest is covered 15x by the operating cashflow.They also have $77m on cash deposits,the interest gained on which covers the interest being paid on borrowing.I think this is a well financed operation,with great cashflow.No worries on the debt front imo.

[cambium] 17/11/2007 15:15

slap / nurdin,

Maybe the reason for the fall recently is that there was a bit of specualtion in the price through September and that speculation has gone, this is going to be very cheap soon.

I thought I was going to find some massive debt that they were going to struggle to pay but considering the quantity of asset, the debt levels are easily manageable. Comparing it to say a bus company running massive gearing.

[nurdin] 17/11/2007 11:03

Interesting to compare GPRT valuation against that of Clarksons(CKN).Although not an identitical business,CKN being primarily shipping brokers,the comparison nevertheless is valid:

CKN...07 pe of 11....yield 4%
CKN 08 pe of 10...yield 4.4%

GPRT..07 pe 9.3.....yield 5.5%
08 pe 6.8 yield 7%

Note also that CKNs earnings growth from 07 to 08 is estimated at just 7% whereas GPRT are forecast to show an earnings growth of 37% which suggests a PEG of just 0.18!!

Cheap or what!!

[slapdash] 16/11/2007 18:49

anyone got forecasts for the EPS for the next few years.... slapper

and divi paid when??

[nurdin] 16/11/2007 17:31

One or two distressed sellers around imo.Investors who subscribed at the flotation price might have decided to take profits at current levels, probably to offset losses on their property portfolios.Howeveer bigger Institutions like Legal and General are not selling, according to the Company.I will keep adding if they slide further....worth ISAing just for the divi which must be touching 7-8% now....and almost guaranteed

[slapdash] 16/11/2007 16:43

BUT WHY HAS THIS LOST 25% OF ITS MARKET CAP IN UNDER A MONTH???? SLAP

[slapdash] 16/11/2007 14:50

hmmm... I'm not sure what the reason for the fall here is.... sure dollar is down and they may have fixed contracts for a few years.. but freight rates up and dollar has recently been strengthening....

so I am in for a few...

Slap

[erwarsim] 16/11/2007 13:58

Cheers nurdin - most reasuring.

Mr Market is very sick at the moment, small cap bargains everywhere.