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SHIP Tufton Oceanic Assets Limited

1.12
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tufton Oceanic Assets Limited LSE:SHIP London Ordinary Share GG00BDFC1649 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.12 894,874 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.11 1.13 1.12 1.115 1.12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -33.95M -2.47M -0.0084 -133.33 330.16M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:01 O 90,000 1.1275 USD

Tufton Oceanic Assets (SHIP) Latest News

Tufton Oceanic Assets (SHIP) Discussions and Chat

Tufton Oceanic Assets Forums and Chat

Date Time Title Posts
21/3/202417:15Tufton Oceanic Assets - Trusting in Second-hand Ships50
01/7/201415:09Shipping Stocks & the Baltic Dry Index (BDI)19
14/3/201219:39Direct-shipping nickel laterite Berong Nickel 201220
19/9/200921:06Charting Freight Rates31
11/4/200713:50Far East Silo Corp (FESSF)2

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Tufton Oceanic Assets (SHIP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:24:501.1390,0000.00O
15:35:011.12207,8130.00UT
14:46:5590.6310,4810.00O
14:46:5290.6310,4810.00O
13:00:061.1251,9770.00UT

Tufton Oceanic Assets (SHIP) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Tufton Oceanic Assets Daily Update
Tufton Oceanic Assets Limited is listed in the Finance Services sector of the London Stock Exchange with ticker SHIP. The last closing price for Tufton Oceanic Assets was US$1.12.
Tufton Oceanic Assets currently has 294,782,541 shares in issue. The market capitalisation of Tufton Oceanic Assets is £330,156,446.
Tufton Oceanic Assets has a price to earnings ratio (PE ratio) of -133.33.
This morning SHIP shares opened at US$1.12
Posted at 08/2/2024 14:14 by rimau1
Tipped in the IC Alpha today although i don't have access, this was off my radar so i have bought some, the economics for shareholder returns seem compelling! 9% dividend, a possible capital return (based on the recently announced ship disposals i guess) and a 25% discount to BV in a structural growth market.
Posted at 17/1/2024 08:55 by lord gnome
Humdinger of an update this morning. Dividends increased to 10cents per share, nav up to $1.45 and a very possible substantial special dividend to return some capital. Just had to buy some more. RNS reads as though they are already planning to wind up the trust in 2027, in which case we could see substantial capital returns in due course. Lovely.
Posted at 05/7/2023 11:22 by valhamos
We haven't quite dropped to the levels of 2020 when I last bought some of these but have decided it's time to add more, especially as the investment managers and various staff and directors bought more recently along with the sizeable 4.1m share buyback announced today. 8.5% yield looks attractive if you expect inflation to fall back later this year.
Posted at 22/6/2023 20:11 by lord gnome
Looks like a forced seller being cleared today at any price the market will bid. 95 cents? WTF!
Posted at 12/5/2023 12:31 by lord gnome
The GBP is strong and the share price is weak - so I've added a few more. Paid slightly less than 1.11 at USD1.23 to the GBP. That's a touch under 90p in real money.
Posted at 13/4/2023 07:24 by lord gnome
Share buyback programme continuing at a steady pace - too steady, perhaps. They are buying back at an even rate of 100,000 shares per day. My best guess is that they are helping out a shareholder who needs to sell a large quantity but without dumping them on the market in one go and trashing the share price. The shares will not make any progress whatsoever until the seller is cleared. What we are seeing is the agreed price. Could be a good time to add / buy.
Posted at 28/7/2021 14:03 by valhamos
The improved NAV predicted a year ago in my post 19 above has certainly come to pass. Good to see Tufton capitalising on strong container ship values with a couple of disposals this month with realised IRR of 31% and 47% with proceeds being recycled into vessels with excellent yields. With the planned dividend increase in Q3 yield will be a still very attractive 6.6%
Posted at 22/4/2021 07:11 by jonwig
Tufton Oceanic Assets announces that as at 31 March 2021, the unaudited net asset value ("NAV") was $284.44 million and the unaudited NAV per ordinary share was $1.053. The NAV total return for the quarter was 9.1%.

The Company is pleased to announce a dividend of $0.01875 per ordinary share for the quarter ending 31 March 2021. The dividend will be paid on 14 May 2021 to holders of ordinary shares recorded on the register as at close of business on 30 April 2021 with an ex-dividend date of 29 April 2021. The Company continues to target a total annual dividend of $0.075 per share and is forecast to have a dividend cover of c.1.7x over the next 18 months and an average expected charter length of c.2.5 years (EBITDA weighted).

The Company's quarterly factsheet as at 31 March 2021 will shortly be available on the Company's website in the Investor Relations section under Company Documents at www.tuftonoceanicassets.com/quarterly-reports .
Posted at 12/4/2021 20:18 by marktime1231
Watching SHIP for a while attracted by the positive well-funded narrative and the high yield. Is this an enduring good business or a temporary bubble of demand for certain classes of shipping? I wonder what the downside looks like, too risky to be in my pension portfolio? This is a UK based (and taxed?) company but registered in Guernsey or IoM, priced in dollars ... so er is the dividend recalculated in pence and paid gross of any witholding taxes?
Posted at 22/3/2021 08:23 by jonwig
Interims;



Robust performanc, and strong outlook:

At the end of the financial period, the Company had increased charter cover to c. 2.8 years and strong forecast dividend cover of c.1.5x over the next 12-18 months. I am encouraged by the Company's performance over the financial period and believe the strategy of diversification, strong charter cover and low leverage will enable the Company to grow profitably in the coming years.
Tufton Oceanic Assets share price data is direct from the London Stock Exchange

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