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Latest Forum Topics / Rickmers    Last:0.365   Vol:0k - Share!      Rate This Topic  Post Reply
Container ships charterer with 170+ years history
grandmaster89
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31-May-2010 16:44      About grandmaster89      Contact       Quote this Post!      Style: Fundamental      Mood: peace
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Alert Admin 		Huh what do you mean ? If RMT can escape from the LTV issues, its future will be a lot brighter...though technically this would apply to the other shipping trust in the world as well haha !

mayying      ( Date: 31-May-2010 14:59) Posted:

hmm.. potential ..
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E-war
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31-May-2010 16:28      About E-war      Contact       Quote this Post!          
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Alert Admin 		Er, saya tak tahu?

mayying      ( Date: 31-May-2010 14:46) Posted:

buy rickmers by JUL :)
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iPunter
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31-May-2010 15:01      About iPunter      Contact       Quote this Post!          
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Alert Admin 		Please explain... Smiley
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mayying
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31-May-2010 14:59      About mayying      Contact       Quote this Post!          
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Alert Admin 		hmm.. potential ..
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shadowmoon
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31-May-2010 14:48      About shadowmoon      Contact       Quote this Post!          
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Alert Admin 		Interesting, but why?

mayying      ( Date: 31-May-2010 14:46) Posted:

buy rickmers by JUL :)
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mayying
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31-May-2010 14:46      About mayying      Contact       Quote this Post!          
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Alert Admin 		buy rickmers by JUL :)
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pharoah88
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21-May-2010 15:20      About pharoah88      Contact       Quote this Post!          
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Alert Admin 		Shipping trusts: Not out of the woods yet

Summary: Pacific Shipping Trust (PST), FSL Trust (FSLT) and Rickmers Maritime [RMT, NOT RATED] all reported YoY declines in 1Q10 DPU primarily due to lower distribution payout levels. RMT has reached an agreement with its lenders, but it is fairly restrictive – in our view – as RMT cannot exert much control over its cash flows. RMT could just bide its time under these agreements or possibly raise fresh equity (with a much recovered unit price) and get out of these restrictive agreements. In sharp counterpoint to the RMT developments, FSLT announced earlier this month that a charterer has re-delivered two of its product tankers. The sector, in our view, remains highly vulnerable due to counterparty risks – and this incident highlights that the broader shipping industry is not out of the woods yet. We expect both PST and FSLT to acquire new vessels this year but the key challenge will be to secure high quality counterparties and still make an accretive deal. Maintain NEUTRALview. PST is our preferred pick because of its balance sheet strength. (Meenal Kumar)
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Zelphon
Senior
21-May-2010 13:30      About Zelphon      Contact       Quote this Post!      Style: Flexible      Mood: frustrated
Yells: "Hauttttttttt AHhhhhhhh !!!"
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Alert Admin

I joined Rickmers family today with 10 lots !!!

Time to load...

 

 

 
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E-war
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26-Apr-2010 12:10      About E-war      Contact       Quote this Post!          
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Alert Admin 		Wow, really cheong today. how come no one pick this up in the forum since last Fri?
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E-war
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26-Apr-2010 08:17      About E-war      Contact       Quote this Post!          
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Alert Admin 		Hi guys, any expert on Rickmers can comment wat's the outlook with the new disclosures n px hike on Fri?
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grandmaster89
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05-Apr-2010 20:34      About grandmaster89      Contact       Quote this Post!      Style: Fundamental      Mood: peace
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Alert Admin 		I don't think Mother got US$1 billion spare change. All depends on whether the lending banks want to help.

God_of_War      ( Date: 05-Apr-2010 13:44) Posted:



Last week up looks more like technical rebound. Too much uncertainty in this one.

Mother buy back ship, Rickmers divi to investor might also goes down.

 
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pharoah88
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05-Apr-2010 20:24      About pharoah88      Contact       Quote this Post!          
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Alert Admin

Monday: 5th APRIL 2010

nO  Up  tOday ? ? ? ?
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God_of_War
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05-Apr-2010 13:44      About God_of_War      Contact       Quote this Post!      Style: Combined      Mood: happy
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Alert Admin

Last week up looks more like technical rebound. Too much uncertainty in this one.

Mother buy back ship, Rickmers divi to investor might also goes down.

 
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Zelphon
Senior
05-Apr-2010 09:15      About Zelphon      Contact       Quote this Post!      Style: Flexible      Mood: frustrated
Yells: "Hauttttttttt AHhhhhhhh !!!"
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Alert Admin

Too uncertain...

Shorties dun dare to short and Longist dun dare to long this stock...

Flat... 

 
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june_snowy
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05-Apr-2010 09:07      About june_snowy      Contact       Quote this Post!          
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Alert Admin

Hi Morning Guys,

What's your take for Rickers today? Price will be Up Up or Down Down?

 
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grandmaster89
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03-Apr-2010 15:55      About grandmaster89      Contact       Quote this Post!      Style: Fundamental      Mood: peace
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Alert Admin 		NOL should create their own shipping trust haha

pharoah88      ( Date: 03-Apr-2010 15:36) Posted:



nOw  cOmes  the  MilliOn  dOllar  QuestiOn ?

whO  kept  buying  and  buying  nOl  at  HiGHER  and  HiGHER  PRiCES ??

can  the  SAME  grOup  cOme  tO  buy  RMT  nOw ???
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pharoah88
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03-Apr-2010 15:37      About pharoah88      Contact       Quote this Post!          
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Alert Admin 		can  nOl  take  Over  RMT  nOw ????

pharoah88      ( Date: 03-Apr-2010 15:36) Posted:



nOw  cOmes  the  MilliOn  dOllar  QuestiOn ?

whO  kept  buying  and  buying  nOl  at  HiGHER  and  HiGHER  PRiCES ??

can  the  SAME  grOup  cOme  tO  buy  RMT  nOw ???
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pharoah88
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03-Apr-2010 15:36      About pharoah88      Contact       Quote this Post!          
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Alert Admin

nOw  cOmes  the  MilliOn  dOllar  QuestiOn ?

whO  kept  buying  and  buying  nOl  at  HiGHER  and  HiGHER  PRiCES ??

can  the  SAME  grOup  cOme  tO  buy  RMT  nOw ???
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grandmaster89
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02-Apr-2010 14:44      About grandmaster89      Contact       Quote this Post!      Style: Fundamental      Mood: peace
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Alert Admin

Why will RMG lease the ship back to RMT ?

The 7 vessels are chartered out to harbin and maersk. Since it owns the ships, it will receive the entire charter income alone. RMT won't smell a dime.



kenkenken      ( Date: 02-Apr-2010 12:02) Posted:



I believe this price surge is temporary.


1.Yes,Mother will buy back at any price . How can mother let son die, somemore it public listed.


2. If im the mother and I buy at high price, just finance lease back to son at higher rate and the son Profit will drop as well as DPU (unless the 7 charter rate is positive)


3. If i buy at low price, it wont affect me anything and just lease back to son at low price. Eg. My son pay $10 i Buy from him $5 then i rent him $1 per year for $5 year. Son will write off $5.

 

Just my opinion and i might be wrong
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grandmaster89
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02-Apr-2010 14:42      About grandmaster89      Contact       Quote this Post!      Style: Fundamental      Mood: peace
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Alert Admin 		RMT will definitely get a refinancing - the question is at what cost to unit-holders. Until this situation is clear, I wouldn't buy nor sell.

Currently, I feel they are the potential outcomes -

1) Hyundai agrees to delay delivery for another year to allow RMT to find financing. I think this is unlikely since Maersk will consider this as a contractual breach and will demand a lower charter rate when the vessels are delivered.

2) RMG agrees to purchase the vessels and they will charter it out to Harbon and Maersk. They alone will receive the full charter income.

3) RMG and RMT agrees to split ownership of the vessels by forming a JV company to own it. The charter income will be split according to the proportion of equity held. Unit-holders will have to fund this.

4) RMT manages to find financing for the vessels based on fair value prices. Unit-holders top up the rest.

5) RMT raises unsecured Notes offering to shareholders to raise funds.

6) RMT is abandoned by RMG and declared bankrupt.
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