Taylor Maritime Investme... Share Discussion Threads

[sf5] 09/3/2022 10:27

Encouraging update but slightly concerned at the boat stuck in the Black Sea port. Does marine insurance cover damage from war risks? How easy would it be to renew cover if this turmoil extends to the next renewal date? Apologies for the basic questions!

[livewireplus] 09/3/2022 07:36

RNS : 2 Vessel Sales and Market Update

[livewireplus] 18/2/2022 07:52

RNS: Trading Update

[livewireplus] 10/2/2022 08:21

RNS: Delivery of Final Seed AssetWill sit back and see the dividends for next couple of years ....

[livewireplus] 27/1/2022 07:29

Interim dividend of 1.75 cents per share declared

[livewireplus] 20/1/2022 11:06

Item 3 in the article - Shipping costs....BBC News: Inflation: Seven reasons the cost of living is going up around the worldhttps://www.bbc.co.uk/news/business-59982702

[sf5] 13/12/2021 10:35

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.

[ryesloan] 02/11/2021 10:09

Quiet on here for sure but obviously not in the charter market! 24% uplift to NAV in the quarter and more to come you would imagine.Forecast of beating the dividend target by year end in the first year of trading and further strengthening of charter rates was very nice to see.

[turbocharge] 01/11/2021 11:08

All quiet on the western front?

[melody9999] 26/10/2021 11:41

when are results due?

[rolo7] 22/9/2021 19:12

Good statement from BMS today all looking good here expecting a higher dividend that stated at IPO due to shortages

[livewireplus] 06/9/2021 19:37

Well it has indeed made it steadily to thriple figures .....

[killing_time] 03/9/2021 09:48

Taylor Maritime has a write up in Money Week today, under shipping funds.

[killing_time] 03/9/2021 08:21

Struggling to get my head around this.

"Seven month charters agreed on two seed vessels delivering average annualized unlevered gross cash yields of over 50%"

[livewireplus] 03/9/2021 07:33

Indeed I did mean in say in to triple figures .... the yields on the shorter term charters are indeed interestingly good :-)

[ryesloan] 03/9/2021 07:16

You mean triple figures? ?But yeah these yield levels are eye popping. First results will be very interesting, esp. to get their view on what the forward income stream level looks like.Off to a very strong start here.

[livewireplus] 03/9/2021 07:09

And a good rns out this morning ... how long before it's in double figures? .... not a bad start since listing :-)

[rolo7] 02/9/2021 14:23

Certainty moving this share going into fste small cap index?!

[sf5] 27/8/2021 08:33

FT's David Stevenson mentions here But gives the nod to Tufton for now.

[rolo7] 24/8/2021 12:51

5k top up for me today

[rolo7] 11/8/2021 07:04

I did email company asking for ship names of owned ships but no reply

[livewireplus] 11/8/2021 06:37

RNS out confirming seven more Handysize bulk carriers ....

[tovers93] 28/7/2021 00:39

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 12:54

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 ...