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.

Share Prices

Counter NameLastChange
AEM1.4950.015
$ Alliance Mineral0.315-
AusGroup0.048-
Avi-Tech0.4350.005
Best World2.2900.040
China Sunsine0.7100.010
CWG Intl0.1760.002
Cordlife1.0250.010
Dutech0.500-
Food Empire0.5750.005
Geo Energy Res0.3150.005
Golden Energy0.4650.030
$ GSS Energy0.160-
Heeton0.490-
Hiap Hoe0.7050.005
$ ISOTeam0.375-
KSH0.8450.015
Lian Beng0.5850.005
Nordic0.370-
Oxley0.565-
$ Rex Intl0.059-
$ Resources Prima0.0270.001
Riverstone0.8450.005
Roxy-Pacific0.5250.005
Sunningdale Tech1.6950.020
Serial System0.1680.008
Sino Grandness0.235-
Straco0.795-
Sunpower0.760-
Tiong Seng0.2650.010
$ Trendlines0.1560.002
Uni-Asia1.1450.010
XMH0.310-
Yamada Green Res0.4500.010
YZJ Shipbldg SGD1.1000.020
Powered by JoomlaGadgets

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 210 guests and no members online