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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Taylor Maritime Investments Limited | TMIP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.30 | 1.66% | 79.80 | 16:35:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 80.00 | 80.00 | 80.00 | 79.80 | 78.50 |
| Industry Sector |
|---|
| INDUSTRIAL TRANSPORTATION |
| Top Posts |
|---|
Posted at 26/1/2024 12:50 by hugepants Some research dated Jan 2024. Gives a decent overview of this proposition. |
Posted at 31/8/2023 16:54 by sam 4224 Hi, I have held shares for the same period. Up until April I held them with interactive investor. The dividend was paid on the due date always but I held the shares in dollars. In April I moved the shares to HL so I could hold them in sterling. The first dividend was paid on the due date but not this one. I spoke to other HL investors and they say dividends often go in one or even two days late. As I only have taylors with HL and indeed only asked about Taylors I do not know if it is just Taylors that seem to have this delay. Not sure this helps but others may know something. Sam |
Posted at 13/12/2021 10:35 by sf5 Fairly encouraging investor call this morning on TMIP's 24.8% holding in Grindrod, a complementary business owning 25 bulk carriers. Suggests they acquired their major stake at effective discount of at least 30% to NAV and an effective yield of 16%. Financed partly by disposal of two non-core TMIP ships at almost 100% IRR. |
Posted at 28/7/2021 01:39 by tovers93 Sceptical - I am now sure you have understood the business.Whilst some companies may complete share issues to raise capital to stem losses, this company is raising capital to acquire additional assets to generate returns. The downside of the raising would be dilution of % holding, which is unlikely to be consequential for private investors. The upside is that they can convert that cash into assets yielding 20% annual return (as explained in latest RNS - note this potentially means the dividend yield could be over 2x the yield expected in the IPO Prospectus). Given the company holds the assets at Fair Value Through Profit and Loss (i.e. as investments, not CAPEX), we can also expect to see appreciation of them as used vehicles prices appear to be growing given the shortfall in supply. In short, capital raising is not a negative. It will be almost nil affect to Net Asset Value as it is Dr Cash Cr Share Capital(allowing for some capital raising costs) The company is currently trading at net asset value, so the dividend (could be upto 20% based on latest RNS) isn't even factored into the price yet! |
Posted at 27/5/2021 10:08 by cousin jack Ask is 74.37 so I think I’ll hold off for the moment. Typically retail investors only having an first opportunity to buy at well above the IPO price. |
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