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RICKMERS MARITIME - OVERSOLD WITH 20% YIELD
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HazardKoh
Master |
09-Nov-2015 11:57
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Secured Revenue : $163M to 2019. Outstanding Loans: $350M 3/4 of it' s fleet lease with high rental rate secured in 2007 ear going to end. So new lease will have substantially lower rental rates for it' s ships/vessels. Interest payment for the loan almost $20+M per year. $163M divided by 4 years give u around $40M per year. This $163M is assuming old high rental rates. When the 3/4 of the ships' lease are up and for re-negiotiation, rental will be much lower. So we are going assume $25M revenue average per year. Out of this $25M, $20M goes to interest payment, $5M goes to repay the $350M loan. As the loan is paid, interest also decrease. Assuming average of $8M is used to repay the $350M loan per year, it would take $350M/$8M = 43.5 years to pay off the loan. Can the life of a ship stretch until 43 years??? Hmm..... Above are just my own rough calculation, may not be correct. U decide. Dun forget interest rate is going up.. Unless u very confident the shipping charter rates is going to shoot back to pre-2007 era kind of rates. |
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danger
Supreme |
09-Nov-2015 11:54
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FOR SOME REASON , MR RICKMERS INCREASED HIS STAKE TO 34.19% WITH 11.5 MILLION SHARES PURCHASE in OCT 2015 AT 21.1 CENTS |
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danger
Supreme |
09-Nov-2015 11:48
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BEST IS RICKMERS GROUP TAKE RICKMERS MARITIME PRIVATE .... PACIFIC SHIPPING TRUST WAS A GOOD EXAMPLE THAT WAS PRIVATISED AT USD 43 CENTS ... WHICH SAW THE PRICE SOARED ABOUT 20% OVER IT AVERAGE TRANSACTED PRICE ONCE NEWS WAS OUT |
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danger
Supreme |
09-Nov-2015 11:40
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THE DEBT HAD BEEN STEADILY DECREASING OVER THE YEARS ... WHILE THE DIVIDEND HAD BEEN PAID WITHOUT FAIL OVER THE YEARS ONCE ITS DEBT INITIALLY WAS OVER $700MILLION , NOW IS HALF TO $350MILLION ... COMPARABLE OR VEN LESSER THAN MOST REITS |
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HazardKoh
Master |
09-Nov-2015 11:35
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errr... u know it' s debt is huge and a majority of it' s lease is going to end in 2016 and the new rate will be just a fraction of the old rates which means it' s cash flow will face difficulties repaying the huge. Just it' s interest alone is $24M i read from somewhere. Not joking. They have to call another right issue next year. And u shd know whenever rights issue is called, share price will tank further. So next year i think they will offer rights issue priced at perhaps 10 cents.. then share price will drop towards 10 cents. I think u better go DYODD. Gd luck |
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danger
Supreme |
09-Nov-2015 11:35
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DIVIDEND DECLARED IN USD .. THE HIGHER THE EXCHANGE RATE.. THE BETTER IT IS !! |
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ruready
Supreme |
09-Nov-2015 11:35
Yells: "Follow the micro penny , May be this is the last train" |
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The stock is not oversold , is under Attack by shortist, is con by fear. You have to decided which direction you stand for.me not vest Nor short
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danger
Supreme |
09-Nov-2015 11:28
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SHARE PRICE OVER CORRECTED 50% FROM ITS USUAL PRICE OF 30cents HIGH OF THIS STOCK IS OVER $1 |
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danger
Supreme |
09-Nov-2015 11:25
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MARKET HAS GIVEN US OPPORTUNITY TO ACCUMALTE THIS GEM CHEAP WITH ABOUT 20% DIVIDEND YIELD NOW COMPANY TEMPORARY STOP ITS DIVIDEND TO PRESERVE CASH .. MARKET OVER REACTED WHEN IT RESUMES ... IT IS BOOM TOWN |
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