First Ship Lease - Stunning Cash Generative Business

More
16 Apr 2017 15:30 #23781 by lotustpsll
lotustpsll replied the topic: First Ship Lease - Stunning Cash Generative Business
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 to join the conversation.

More
24 Aug 2017 14:49 #24010 by Big Fish
Big Fish replied the topic: First Ship Lease - Stunning Cash Generative Business
Stock has jumped 28% in 2 days. From 7.9 cents to 10.1 cents
What is its fair value pls?

Please Log in to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings3.3000.010
Alliance Mineral0.440-0.015
AusGroup0.0490.002
Avi-Tech Electronics0.485-
Best World Int.1.340-
China Sunsine0.9900.055
CWG International0.1950.001
DISA Limited0.014-
Dutech Holdings0.340-
Federal Int. (2000)0.400-
Food Empire0.6900.005
Geo Energy0.2700.005
Golden Energy0.4150.005
GSS Energy0.1630.003
Heeton Holdings0.5900.015
ISOTeam0.345-
KSH Holdings0.8000.005
Lian Beng Group0.755-
Miyoshi0.076-0.001
Nordic Group0.5700.005
Oxley Holdings0.6800.015
REX International0.0680.005
Riverstone1.0900.030
Roxy-Pacific0.555-
Serial System0.1650.004
Sing Holdings0.445-
Sino Grandness0.205-
Straco Corp.0.875-0.010
Sunningdale Tech1.900-
Sunpower Group0.550-
The Trendlines0.1500.003
Tiong Seng0.390-
Trek 2000 Int.0.2700.005
Uni-Asia Group1.2900.010
XMH Holdings0.2450.025
Yangzijiang Shipbldg1.6000.010

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 920 guests and one member online

  • josephyeo