Hellenic Carr. Share Discussion Threads

[stemis] 15/3/2010 10:21

Yes and the Baltic Freight Index is looking a bit perky as well. If I was a chartist I'd probably like the increasing lows and highs over the last 12 months

[sivadnoj] 15/3/2010 10:14

Well, I wouldn't call it frantic trading activity ahead of tomorrow's results. A quick reminder of the EPS runners and riders.
Stemis 22p
kinbasket 26-28p
sivadnoj 29p

As has been pointed out elsewhere, news on debt reduction and charters also keenly anticipated. Conference call at 3pm tomorrow.

[eelanguilla] 26/2/2010 18:35

bought some of these @ 63 ages ago - they have been cheap for ages - should be well over £1 . Just the uncertainty over trade picking up is the reason some people are unsure. Just compare these to GLBS :)

[sivadnoj] 26/2/2010 08:55

Agreed :0). Just spoke to the company. They will be issuing an announcement next week regarding timing of the prelims. Anticipated mid March although no date fixed at the moment. Confirmed there will be a same day conference call.

[kinbasket] 26/2/2010 08:26

No sign of the results.

I had a more detailed look at it yesterday and I reduced my revenue number to allow for the extended dry docking of Hellenic wind in Q3. I think the EPS number should come in between 26p and 28p with the possibility of a little more with a few cost savings. So I think we are on the same page.

Either way the real story is the cash generation and the reduction in net debt.

It's too cheap by half. Almost exactly a half I'd say..

[sivadnoj] 25/2/2010 20:41

Here's my (literal) back of an envelope calculation on the train coming home from work.

From the interims we know that H2 revenue was 83% underwritten with US$17.3m of gross revenues. Fleet deployment data from the website indicates that both the Hellenic Horizon and the Hellenic Sea were extended to the end of 09. Therefore assume revenue = 17.3 x 100/83 = US$20.8 million. Assume constant net income margin of 38.5%. Gives eps of 44.9 cents (29p). I guess this assumes that both vessels were extended at the previous daily rates which may not be the case.

What a great investment this is.

[ntv] 25/2/2010 17:58

a rwrite down assets would not be a surprise

[hvs] 25/2/2010 08:07

Do you trust Greeks bearing GIFTS ?

[sivadnoj] 23/2/2010 17:06

Now that is exciting! I think DJ may just be following last year (16/3). Thanks.

[sivadnoj] 23/2/2010 16:51

2009 prelims should be due on Monday 15 March according to Dow Jones. If those Charles Stanley eps forecasts in the header are anywhere near the ballpark we are currently trading on a historic pe of, ahem,.....(whisper it)....4.9.

[eelanguilla] 07/2/2010 19:28

lack of direction here - this has been lagging the market for a while now

[undervaluedassets] 06/12/2009 11:43

anyone done any comparisons with other shipping companies? "Dryships" "diana" etc


looks like tremendous value but is this just normal for the sector at the moment

In other words how much of bargain is this really?

all these are down at the mo I think.

who are the big boys that are going cheap?

Thanks in advance

[g2am] 01/12/2009 10:02

Surely the director change can't have had such an impact on the price????

[sivadnoj] 13/11/2009 09:18

Oil prices dropped by more than $2 a barrel yesterday following fresh evidence of US demand weakness while freight rates for transporting commodities to China continued their recent rally.

The Baltic Dry index jumped 5.5 per cent to 3,954 points as the global benchmark for freight costs for dry bulk commodities rose because of strong demand for iron ore and coal from China and growing ship congestion outside key ports. The index has surged 32.4 per cent over the past two weeks.

Freight traders have noted growing interest in hiring vessels for short periods of four to six months rather than for single voyages, suggesting confidence that demand will remain firm.

"The Baltic's rise is mainly being driven by demand from China," said Andrew Dawson, a broker at Freight Investor Services. "We've seen rates for Australian iron ore cargoes to China ramp up dramatically in the past few weeks and that strength is spilling over into the Atlantic market."

Mr Dawson said ships that were previously ballasting [returning without cargo] from China into the Atlantic were now being hired for Pacific routes.

[g2am] 22/10/2009 10:07

I think I'm about to burst - 100.5p :)

[sivadnoj] 22/10/2009 09:49

I must say this world trade recovery is going rather well...:)

[g2am] 21/10/2009 19:46

I know, I can't work out what's going on. Unless I've missed an obvious sentiment change. Not complaining though, this is what I was hoping for...

[kinbasket] 21/10/2009 15:27

I think I'm getting a nosebleed.

the excitement is palpable...