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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tufton Assets Limited | LSE:SHIP | London | Ordinary Share | GG00BSFVPB94 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.005 | -0.41% | 1.205 | 133,705 | 14:00:18 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1.20 | 1.21 | 1.22 | 1.205 | 1.21 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 50.56M | 76.07M | 0.2608 | 4.60 | 352.88M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:47:21 | O | 20,000 | 1.20 | USD |
| Date | Time | Source | Headline |
|---|---|---|---|
| 11/12/2024 | 07:00 | UK RNS | Tufton Assets Limited Change in Audit Committee Chair |
| 01/11/2024 | 07:00 | UK RNS | Tufton Oceanic Assets Ltd. Change of Name |
| 31/10/2024 | 07:00 | UK RNS | Tufton Oceanic Assets Ltd. Dividend Currency Declaration |
| 24/10/2024 | 13:00 | UK RNS | Tufton Oceanic Assets Ltd. Result of AGM |
| 15/10/2024 | 13:27 | ALNC |  IN BRIEF: Tufton Oceanic Assets declares third-quarter dividend |
| 15/10/2024 | 06:02 | UK RNS | Tufton Oceanic Assets Ltd. 3Q24 Net Asset Value and Dividend Declaration |
| 07/10/2024 | 06:00 | UK RNS | Tufton Oceanic Assets Ltd. Tufton Principals Increase Shareholdings |
| 03/10/2024 | 06:00 | UK RNS | Tufton Oceanic Assets Ltd. Attractive Fixed-Rate Charters with Strong.. |
| 01/10/2024 | 16:48 | UK RNS | Tufton Oceanic Assets Ltd. Director/PDMR Shareholding |
| 30/9/2024 | 06:00 | UK RNS | Tufton Oceanic Assets Ltd. Director/PDMR Shareholding |
Tufton Assets (SHIP) Share Charts1 Year Tufton Assets Chart |
|
1 Month Tufton Assets Chart |
Intraday Tufton Assets Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/11/2024 | 12:17 | Tufton Oceanic Assets - Trusting in Second-hand Ships | 67 |
| 01/7/2014 | 14:09 | Shipping Stocks & the Baltic Dry Index (BDI) | 19 |
| 14/3/2012 | 19:39 | Direct-shipping nickel laterite Berong Nickel 2012 | 20 |
| 19/9/2009 | 20:06 | Charting Freight Rates | 31 |
| 11/4/2007 | 12:50 | Far East Silo Corp (FESSF) | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 14/12/2024 08:20 by Tufton Assets Daily Update Tufton Assets Limited is listed in the Finance Services sector of the London Stock Exchange with ticker SHIP. The last closing price for Tufton Assets was US$1.21.Tufton Assets currently has 291,632,541 shares in issue. The market capitalisation of Tufton Assets is £349,959,049. Tufton Assets has a price to earnings ratio (PE ratio) of 4.60. This morning SHIP shares opened at US$1.21 |
Posted at 07/11/2024 09:29 by craigso Thanks for the insight.I totally agree that in the absense of Trump noise, this fund would be a keeper. Good, well-covered dividend with the occasional capital return on top... But unfortunately the NAV, and the reduced discount resulting from SHIP's capital return policy, is reliant on the secondhand market for ships remaining reasonably strong. If sentiment regarding global trade / shipping goes sour, I can't see that market remaining decent. So we'd see both a reduction in NAV and a likely increase in the discount for the traded funds from the negative sentiment. Definitely one to keep an eye on and I can understand some people planning to hold. But I think it's more likely the share price goes back down to $1 than goes up to $1.50, so the yield isn't high enough to compensate... |
Posted at 06/11/2024 14:13 by skinnypope I’ve been pondering the holding I have here for a while. Here are my conclusions.1. This fund is criminally underfollowed. NAV per share grown from $1.00 to $1.616 in 5 years, (including the terrible C-19 era) with a very progressive dividend and buyback policy. Cherry on top is the capital return policy. 2. Headline NAV discount at 21% improved from low of 27% at FY23 [but still well shy of the 1 – 2% until 2021]. However, I think it’s interesting to strip out the cash and “residual assets” balances in the SPVs to get the underlying vessel NAV discount, which is now at 26%, versus the low of 29%. In other words, the discount hasn’t yet narrowed as much as the headline suggests. 3. Within the NAV is $36m of negative charter value, $27m of which unwinds over 12 months. Ceteris paribus, the NAV will automatically be $0.06 higher next year. 4. The dividend is well covered at x1.6 for next 18 months, driven by the 11.5% yield. This Q3 average yield dropped, but this was due to the renewed charters on Golding and Orson at “only” 20% yield (versus ~24% previous), but which also lengthened the average charter to 1.6 years (from 1.3). In other words, SHIP have sacrificed some yield to lengthen the portfolio and secure the dividend. 5. A lot of bulker charters ended in Q3/Q4 this year, about which SHIP have been reasonably quiet. The ClarkSea index has been dropping (from spectacular highs though, it must be said), suggesting the highest charter rates might be behind us. This suggests the average yield could drop further if/when these are renewed at lower rates – however the average yield needs to drop below 8% for the dividend to be uncovered, which can’t happen given the existing book of charters until at least 2 years in the future. 6. The Clarkson NewBuild index remains incredibly high, almost at the highs of 2008. The charter-free element of the NAV therefore remains very well supported. So what does all this mean? I see two paths from here: 1) The near term maturing charters are rolled over at attractive rates, lengthening the book. This may sacrifice some yield, but the dividend is well covered for years in the futures. MY TAKE: A good outcome for income seekers, however market sentiment may turn as the Trump tariff fears take hold and future charter rates fall. NAV may be stable / decrease slightly, but sentiment could drive discounts wider. Overall, this makes the stock a HOLD if you have it and like income, but not a strong buy for a new investor. 2) If the new charter rates are not attractive enough, then use the strength of the vessel demand market to sell some more assets. Cash proceeds used for more capital returns at NAV. Possibly even put the fund into wind down, with the longest charters only 2-3years. MY TAKE: Not so good for income seekers as assets are sold and income drops, but a big tailwind for the share price as the discount disappears. I feel this may be the more likely outcome, so I am holding here and may buy more on weakness. |
Posted at 06/11/2024 10:23 by craigso Disappointed to have to sell out of SHIP this morning. But it looks to me like there's more downside than upside for the next few months / years... |
Posted at 16/8/2024 10:44 by skinnypope Can anyone trade this stock today? AJ Bell haven't updated my holding after the redemption yesterday and aren't quoting the new ISIN.My workings are that the new share px should be $1.303 now it is trading ex-redemption, so if the price really is unchanged at $1.32 that's a good outcome. |
Posted at 18/7/2024 18:23 by lord gnome Share price is responding as the wind-down proposals gain traction. Nice. |
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 10:22 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 12/5/2023 11:31 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 06:24 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. |
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