Tufton Oceanic Assets Share Price (SHIP)

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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
  0.01 1.01% 1.00 310,008 14:52:12
Bid Price Offer Price High Price Low Price Open Price
0.99 1.01 1.00 0.99 0.99
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.45 -1.22 -0.49 270
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:18 UT 66,402 1.00 USD

Tufton Oceanic Assets (SHIP) Latest News

Tufton Oceanic Assets News

Date Time Source Headline
15/4/202114:10ALNCIN BRIEF: Tufton Oceanic buys handysize bulk carrier for USD14 million
15/4/202107:00UKREGTufton Oceanic Assets Ltd. New Bulker Investment and Containership Charter
30/3/202107:00UKREGTufton Oceanic Assets Ltd. Notification of Major Shareholder
25/3/202107:00UKREGTufton Oceanic Assets Ltd. Result of Tap Issue
23/3/202107:00UKREGTufton Oceanic Assets Ltd. Change in Audit Committee Composition
22/3/202113:19ALNCTRADING UPDATES: Mincon 2020 earnings rise; Caledonia in profit fall
22/3/202107:00UKREGTufton Oceanic Assets Ltd. Interim Results for period ended 31 December..
02/3/202107:00UKREGTufton Oceanic Assets Ltd. Issue of Equity
21/1/202107:00UKREGTufton Oceanic Assets Ltd. NAV, Dividend Declaration and Q4 2020 Update
14/1/202119:15ALNCUK TRADING UPDATE SUMMARY: DWF Sets Up New Global Operating Structure
More Tufton Oceanic Assets News
Tufton Oceanic Assets Investors    Tufton Oceanic Assets Takeover Rumours

Tufton Oceanic Assets (SHIP) Discussions and Chat

Tufton Oceanic Assets Forums and Chat

Date Time Title Posts
13/4/202114:50Tufton Oceanic Assets - Trusting in Second-hand Ships28
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) Top Chat Posts

DateSubject
18/4/2021
09:20		Tufton Oceanic Assets Daily Update: Tufton Oceanic Assets Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SHIP. The last closing price for Tufton Oceanic Assets was US$0.99.
Tufton Oceanic Assets Limited has a 4 week average price of US$0.97 and a 12 week average price of US$0.96.
The 1 year high share price is US$1 while the 1 year low share price is currently US$0.82.
There are currently 270,037,638 shares in issue and the average daily traded volume is 304,338 shares. The market capitalisation of Tufton Oceanic Assets Limited is £270,037,638.
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12/4/2021
20:18		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?
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22/3/2021
08:23		jonwig: Interims; https://www.investegate.co.uk/tufton-oceanic-asset--ship-/rns/interim-results-for-period-ended-31-december-2020/202103220700069369S/ 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.
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06/8/2020
09:53		valhamos: Not sure why this has started to fall again in the last few weeks; presumably neither can the company hence today's small share buyback. Recovering demand and falling supply of new shipping capacity has to lead to improved NAV in the future; currently yielding 8.2%
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08/3/2019
13:56		roman2325: So in the last announcement the company said: "The Company's capital resources are now fully committed. This investment will increase the Company's operating cash flow post fees and post capex to a level that will cover the Company's stated 7% target dividend* by over 1.7x. It will also increase the Company's average charter length." The company 2 seconds later said: *This is a target only and not a profit forecast. There can be no assurance that the target can or will be met and should not be taken as an indication of the Company's expected or actual future results. Accordingly, potential investors should not place any reliance on this target in deciding whether or not to invest in the Company or assume that the Company will make any distributions at all and should decide for themselves whether or not the target dividend yield is reasonable or achievable. The target dividend yield is based on the IPO issue price of US$1.00 per ordinary share. Pleasing to see they read this Bulletin Board ;)
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21/2/2019
10:44		jonwig: roman - I left it alone because I don't understand the market. The BDI is signalling bad news, I suppose that's relevant. Maybe everything has its price, and if they can pick up ships dumped at a low price and wait on the next upswing? Not for me, certainly!
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07/2/2018
00:07		masurenguy: Focusing upon an interesting niche market with potentially an excellent yield ! Earn a steady income from ships Just before Christmas a Guernsey-based fund called Tufton Oceanic Assets (LSE: SHIP) launched on the London Stock Exchange, marking a real first for London – a chance for investors to make an income by renting out ships. Investors have long been able to invest in shipping giants such as Maersk or Hapag-Lloyd. But these are cyclical trading businesses, rather than ones focused on producing a steady dividend stream. In the UK, it has been possible to invest in a few small ship-owning companies under the Enterprise Investment Scheme (EIS), but there were no shipping investment trusts. This is a pity, because there’s much to like about the market. Like aeroplanes, ships produce a steady stream of rental or lease payments, and the market in shipping rentals is huge and very liquid, with many reliable, creditworthy customers. On the downside, its cyclical nature means the market is prone to bouts of oversupply, with prices collapsing as a result – as they did for the Baltic Dry index (which charts the cost of transporting raw materials) after 2008. But unlike many other asset-backed markets, grabbing hold of delinquent assets in a slump isn’t hard – repossessions have been going on for hundreds of years, and there is a very liquid market in new rentals for the ship owner. And as with any cyclical market, there’s always the potential for an upturn – indeed, we may be seeing one right now. The Baltic Dry has risen by around 60% over the past five years. The global economy is humming, helped by a strong US and China. Cargo rates have stabilised, and shipyards are relatively less busy – the global order book for new ships is at a 20-year low, and shipyard capacity has shrunk by 16% since 2012. An established player Tufton is an established player in the second-hand ship market, managing around $1.5bn across a variety of funds. It tends to target product tankers, bulk-cargo ships and smaller container ships. The vessels themselves might be anything from five- to 20-years old, trading at between 30% and 70% of their new value, while customers charter them for between two and ten years. As with aeroplanes, sale-and-leaseback deals are common – a big operator sells their new ship to a funding vehicle such as Tufton, then leases it from them. This leaves the finance outfit to deal with the hassle of the final residual value, or resale value. This is where the real profits are made – by buying second-hand ships cheaply, and making sure the residual value is as high as possible. Tufton maintains that now is the right time to buy. Certain types of ship are still quite cheap to buy, but rental rates are rising alongside the economy. This upturn isn’t being swamped (yet) by a sudden spike in new ship construction. Tufton reckons it can pay out 7% per year (5% in the first year), with an overall internal rate of return (a measure of project profitability) – including capital gains – of 12%. Tufton’s existing institutional fund has made a total return of 12.5% since 2015. The risks are clear (which is why the fund is floated on the specialist market, aimed at institutions and sophisticated investors). Shipping is cyclical and, in a downturn, residual values could plunge, and rental yields dry up. The fund is also dollar-denominated, which introduces currency risk. Yet as part of a diversified portfolio, this is an excellent source of alternative income, with real asset backing and steady income streams. https://moneyweek.com/earn-a-steady-income-from-ships/
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04/1/2018
07:21		jonwig: Citywire comment on SHIP: Http://citywire.co.uk/investment-trust-insider/news/shipping-fund-succeeds-in-slipping-away-with-91m-raise/a1080316?ref=investment-trust-insider-latest-news-list Could be interesting, when I have some free USD.
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31/12/2017
17:21		lord gnome: !FOLLOWFEED Quote (Investors' Chronicle, 29 Dec 2017): Tufton Oceanic Assets (SHIP) has raised $91m, slightly lower than its $100m target, and began trading on the Specialist Fund Segment of the London Stock Exchange on 20 December. The trust is targeting a 12 per cent a year NAV return with a cash distribution of 5 per cent in its first year and 7 per cent thereafter. It will invest in second-hand commercial sea-going vessels spread across the core segments of shipping. "There is currently an attractive opportunity in shipping to buy assets at a significant discount to their depreciated replacement cost and lock in long-term employment producing mid-teen cash yields," says Andrew Hampson, head of asset-backed investments at the trust's manager, Tufton Oceanic. "This is a strategy we've been following with success for the past couple of years and see limited competition due to the lack of capital currently being invested in shipping." Tufton Oceanic has invested over $1bn in shipping assets over the past few years. Company web site: hxxp://www.tuftonoceanicassets.com/
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07/10/2010
14:42		mart: 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.
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07/10/2010
12:42		ambuchanan12: SHIP is not reflecting the BDI at all. hence i am out.
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Tufton Oceanic Assets share price data is direct from the London Stock Exchange
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