First Ship Lease - Stunning Cash Generative Business

More
16 Apr 2017 15:30 #23781 by lotustpsll
The untimely indication by the Chairman on a proposed Rights Issue has dampened the share price. I will submit this query in the coming AGM :-

"In view of the weak ship charter rates and the declining vessel values in the medium term, wouldn't it be logical for the Trust to consider disposing some vessels (most vulnerable ones) now and the proceeds to be used to
pay down the outstanding bank loan. The trend may still be weak for the shipping industry and the faster this strategy is implemented the better it will be for the company and the unit holders. Operating and financial risk
must be managed now. Any proposed call for Rights Issue should be carefully considered and to be taken as a last resort".

I hope he will address the query objectively.
The following user(s) said Thank You: bh22

Please Log in or Create an account to join the conversation.

More
24 Aug 2017 14:49 #24010 by Big Fish
Stock has jumped 28% in 2 days. From 7.9 cents to 10.1 cents
What is its fair value pls?

Please Log in or Create an account to join the conversation.

More
12 Jun 2019 11:29 #24814 by pine
takeover offer at 5.85 SG cents is pathetic against a NAV of 0.25 USD.

Please Log in or Create an account to join the conversation.

More
02 Jul 2019 21:33 #24853 by pine
If IDs recommend minorities to accept offer, they fall into the same category as IndoAgri IDs and should be asked to resign.



Attachments:

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings1.1300.010
Alliance Mineral0.078-
Anchor Resources0.013-
AusGroup0.024-
Avi-Tech Electronics0.2800.020
Best World Int.1.360-
China Sunsine1.0600.010
CSE Global0.4500.010
Food Empire0.5300.020
Geo Energy0.149-
Golden Energy0.190-0.004
GSS Energy0.0700.001
HMI0.720-
ISDN Holdings0.192-
KSH Holdings0.4250.005
Miyoshi0.0380.002
Moya Asia0.066-0.002
Nordic Group0.270-
Oxley Holdings0.310-
REX International0.0680.001
Riverstone0.905-
Roxy-Pacific0.390-
Sing Holdings0.395-
SingMedical0.360-
Sino Grandness0.045-0.001
Straco Corp.0.730-
Sunningdale Tech1.280-0.020
Sunpower Group0.440-
The Trendlines0.079-
Tiong Seng0.220-
Uni-Asia Group0.7350.010
XMH Holdings0.153-
Yangzijiang Shipbldg0.9900.130

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1204 guests and no members online