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SHIP Tufton Oceanic Assets Limited

1.09
0.00 (0.00%)
Last Updated: 08:00:13
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.09 1.08 1.10 1.09 1.085 1.09 70,509 08:00:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -33.95M -2.47M -0.0084 -102.38 253.51M
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$1.09. Over the last year, Tufton Oceanic Assets shares have traded in a share price range of US$ 0.96 to US$ 1.15.

Tufton Oceanic Assets currently has 294,782,541 shares in issue. The market capitalisation of Tufton Oceanic Assets is US$253.51 million. Tufton Oceanic Assets has a price to earnings ratio (PE ratio) of -102.38.

Tufton Oceanic Assets Share Discussion Threads

Showing 626 to 642 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
05/8/2011
14:18
A strange absence of common sense solutions (that are politically palatable) to a european problem that has been brewing for some time. Combined with the obvious weariness of the relevant main actors in the theatre.

ps. suggest perusal of FX and Gold threads; also Zerohedge

mart
04/8/2011
15:12
Erm, green shoots seem to be going up in smoke.
Just back from a nice lunch in Devon and it seems there's mass market panic.What did I miss?

fangorn2
04/8/2011
11:08
Green shoots anyone?
mart
07/10/2010
13:42
Got you. Just checked SHIP/SHPP.

Must admit I hadn't thought about using either of them. IF there is a global recovery (I notice a slight upward flex in the BDI at the moment) there are mamy better (and leveraged) ways to play it. Incidentally, with the weakness in the dollar getting widely flagged I'd go for SHPP rather than SHIP. IMO, DYOR etc.

mart
07/10/2010
11:42
SHIP is not reflecting the BDI at all. hence i am out.
ambuchanan12
07/10/2010
11:26
a12
Sorry, I missed your point. Which etf are you refering to? I only 'resurrected' the thread 'cos it related to the BDI. But good luck with your shipping stocks.

mart
07/10/2010
10:40
this etf is pretty damn rubbish - have sold it all at a samll profit and reinvested in shipping stocks
ambuchanan12
24/9/2010
16:05
Not looking so good last week or so. Article below presaged it.
mart
02/9/2010
15:42
An old note extolling the merits of the BDI.

"Baltic Dry Index The Only Economic Indicator Worth Tracking"

mart
02/9/2010
12:56
Still looks to be increasing to me. Anybody got a counter argument?
mart
23/8/2010
08:15
Blimey, dear 'ole energyi had it all covered waaayyy back. Anybody think this index is flagging a recovery or is it 'random'?
mart
10/12/2008
09:03
1yr

6mo

energyi
30/10/2008
07:07
11.5k to under 1k in less than 6 months, thats really impressive.
blackstone
18/10/2007
01:19
No surprise that the world is now awash with massive paper trading inflation.


An example of this is the new trading in freight derivatives, described in this article (link below)

John Banaszkiewicz, managing director of Freight Investor Services, the freight derivatives broker, said: "We have seen a whole new influx of players in the past year. The banks have been setting up proprietary desks and new funds have set up to speculate and make money in this market." Citigroup, Merrill Lynch and Macquarie Bank have set up proprietary trading desks in the past few months. Freight derivatives are forward contracts that were once used almost entirely by ship owners and manufacturing companies to lock in a fee for renting a ship, but now banks and hedge funds are making speculative bets on the market's direction.

Indeed as I've been saying, the result of the credit swoon, has been to encourage the gearing up of even more crack up and commodity trading.

/
Freight Link:


China factor helps drive freight derivatives
By David Oakley in London

Published: October 14 2007 22:03 | Last updated: October 14 2007 22:03

Bankers and hedge fund managers are increasingly turning to the nascent world of freight derivatives, as figures to be published today show the market is on course to hit a record $150bn (£74bn) in value – a 200 per cent increase on last year.

With volumes in many other derivatives markets, such as credit default swaps, hit by the liquidity crunch, freight derivatives have, by contrast, experienced a big surge in business as a result of the booming Chinese manufacturing sector, which requires raw materials.

To continue reading this article, please register

= =

energyi
10/10/2007
07:06
10000 looking possible, 1k to 10k in 6 years impressive.
blackstone
14/9/2007
06:33
as ever china making the most of market turmoil to pick up some cheap goods.
mcbeanburger
14/9/2007
06:31
for those who think base metals story is over.....

Telegraph.Co.UK
Last Updated: 12:53am BST 25/08/2007

Do freight rates tell the true story?

The focus has been on the credit crunch but the Baltic Index may give a better picture of the state of the world economy, writes Ambrose Evans-Pritchard

The cost of leasing cargo ships to carry coal and metal to China reached an all-time high this week, defiantly ignoring a month of panic and tumbling prices across the commodity markets.


Heavy traffic: the credit squeeze is having no impact on the day-to-day demand for base metals

A 170,000-tonne Cape-size vessel now rents for $118,400 a day, roughly double the level a year ago. The Baltic Dry Index - which measures freight rates and is allegedly one of Alan Greenspan's favourite barometers of global health - has rocketed to a record 7,319.

The Baltic Index tells the underlying truth, missed amid all the headline chatter about the credit crunch, says Barclays Capital.

"Twice already this year it has proved a reliable indicator of fundamental trends for commodities when markets wobbled," it says. "Once the dust settles, the likelihood is for some very strong rebounds in commodity prices."


Indeed, outside the Australian port of Newcastle a fleet of 55 immense cargo ships is still waiting to pick up iron ore and coal to supply the industrial revolutions of Asia - a powerful rebuke to bears insisting that the great commodity boom is now over. Yet - big caveat - the share prices of mining companies have plummeted, many dropping much harder than those of the banks loaded with sub-prime debt and toxic CDOs (collateralised debt obligations).

Rio Tinto and Xstrata fell a quarter from their peaks in late July before recovering somewhat this week, while the smaller miners and explorers on London's Aim index or the Toronto exchange have been slaughtered.

In Canada, a clutch of mining companies have been burned by the wild ructions in the credit markets. Many had exposure to the finance company Coventree, which failed to roll over $4.8bn (£2.4bn) of asset-backed commercial paper last week.

Baffinland Iron Mines ($44m), Barrick Gold Corp ($65m), Ivanhoe Mines ($14m), and New Gold Inc ($152m), are among the companies that have not been able to get their money back - in some cases most of their cash. (Hence the recent flight into three-month treasury notes, deemed the only safe repository)

In this climate of near panic it has become all but impossible for miners to raise loans. Credit will be at least 100 basis points more costly (1pc) for those - in the top tier - still able to obtain it.

It is perhaps no surprise that mining shares have been driven into the floor.
end

mcbeanburger
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older

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