Taylor Maritime Investme... Share Discussion Threads

[tovers93] 28/7/2021 01:39

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!

[livewireplus] 27/7/2021 13:54

Any suggestions as to how they would fund the purchase of the additional Handysize vessels without issuing additional shares? They are not fund-raising to cover running costs - they are fund-raising to purchase additional hard assetts which should increase future dividend payouts ...

[killing_time] 26/7/2021 07:46

I thought it was really good business.

[scepticalinvestor] 26/7/2021 07:09

Goodness - within a few weeks of being listed they place more shares. Not a great start

[killing_time] 21/7/2021 12:03

I hold Atlas Corp, $ATCO. They own Seaspan the biggest dry bulk shipping company in the world.

Q2 results around 17th Aug, worth checking out.

Edit; Q2 Results for ATCO are on 9th Aug after market close.

[rolo7] 21/7/2021 11:16

Any other ideas for companies in this sector BMS look interesting

[rolo7] 19/7/2021 18:39

Totally agree I will add more depending on the interest of the placing.

[killing_time] 19/7/2021 18:24

We are in a booming sector at the moment so don't see much problem in raising the money. Good to see they are raising it at 84p with NAV at 82p and not too much discount compared to the share price
World shipping companies are so cheap at the moment compared to the money they are making. The container rates have gone through the roof and should hold for a few years as everything is backed up. KT.

[rolo7] 19/7/2021 17:59

Not the best of days to raise cash to expand business

[rolo7] 14/7/2021 18:59

yep a looks a nice investment this

[killing_time] 14/7/2021 17:36

Another good RNS today with 2 more ships delivered.

[rolo7] 05/7/2021 21:06

Looks interesting this could go into small cap index in September. Took a position today.

[killing_time] 05/7/2021 10:27

Well that NAV update came quicker than I was expecting.

Good RNS.

[killing_time] 03/7/2021 09:08

Starting to get good traction on the share price

Will be looking forward to the next NAV valuation and the announcement of the first dividend payment probably in a few months time. KT.

[killing_time] 30/6/2021 17:23

Nice director's buys.

[livewireplus] 16/6/2021 09:28

RNS this morning .... acquisition of two more vessels .... at least they're putting the raised funds to work ....

[jonwig] 27/5/2021 11:16

II didn't even have the ticker on its database this morning!

[cousin jack] 27/5/2021 10:08

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.

[scepticalinvestor] 27/5/2021 08:19

Pays to be careful with LSE IPOs though

[scepticalinvestor] 27/5/2021 08:10

Interesting ipo this

[jonwig] 27/5/2021 07:20

First day of dealings.
More details to follow.
This is the sterling-quoted share. The dollar-quoted is TMI.
Offer price was $1 ie. 72p approx.