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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hellenic Carr. | HCL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.00 | 3.00 |
| Top Posts |
|---|
Posted at 17/9/2013 16:30 by luckyjonah Quietly doubled since August and not a peep on here...? I also hold GPRT which looks even more undervalued - it's up 10%+ today on a Director's buy but they are dry bulk and containers and quite a bit bigger than HCL. Anyone else hold both? BDI looking far healthier although I'm sure that will pull back again. |
Posted at 19/7/2013 09:48 by scburbs I don't think the new boats are particularly good news as they will run at a loss until rates go up. What was good news was the price.$26.28m each compared to an order price of $34.2m means a saving of $15.84m or 23% off the price. |
Posted at 25/3/2013 09:19 by hugepants Fleet deployment update RNS. Rates better than expected given share price up 10%? |
Posted at 15/3/2013 09:53 by diku Yes....what chance HCL could get taken over later this year by a larger Shipping Company?....surely consolidation has to occur... |
Posted at 15/3/2013 09:09 by greedfear Talking about me diku? If so, yes. Think I'm going to build up a position very slowly and depending on BDI. Thinking of buying periodically if BDI improved I'll buy.Like HCL said 2013 will be difficult, but probably improvement from 2014 on. I can see that. I welcome the delay in the new boat delivery (time is our friend here). We'll just have to wait and see I guess. |
Posted at 15/3/2013 08:07 by hugepants resultsLooks ok to my untrained eye. Some writedowns but net tangible asset value is 107p. Says new boats to be delivered in 2013 so looks like they will be late which is good. Recovery expected in 2014. |
Posted at 04/1/2013 15:17 by hugepants cheers. So just say each ship is now valued at $20M that means the banks loan HCL $13M and HCL need to find $21M. But they've already paid $14M deposit per ship so they would need to find another $7M (per ship)? They had over $40M cash at interims.Anyone know what the $13.7M restricted cash is for. Is that earmarked for these boats? |
Posted at 03/1/2013 14:24 by scburbs Mantinia Shipping Company SA (a company under control of the family shareholders) is charging c.$1.3m p.a. for technical management. They also have charged (to 31 December 2011) $330k in relation to the acquisition of the new ships.Despite this one way flow of invoicing from Mantinia to HCL, there is an amount due "from" Mantinia which is creeping up. This was $611k at 31 December 2010, increased to $1.1m at the end of 2011 and there is a further c.$600k increase in related party debtors in the 30 June 2012 accounts. The other balance in related party debtors is $1.9m due from Hellenic Carriers Corporation S.A. This balance was created in relation with the listing and has just been left outstanding for many years with a statement that is expected to be settled. With the group's market cap at such lowly levels these related party receivables should be brought under control (there is certainly no reason for the Mantinia balance to be regularly increase given the flow of services is in the other direction!). Does anyone have any insight into them? |
Posted at 03/1/2013 13:33 by hugepants The longer the downturn lasts the more companies will go under. HCL has plenty of cash so should be able to ride out this storm even for the next few years. But hopefully it wont last that long! |
Posted at 03/12/2012 20:46 by hugepants The 2 new boats to be delivered early next year cost HCL $34.2M each. Anyone have any idea how much they would cost if they were ordered today? Their capacity is approx 82,000 dwt each. |
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