| Latest Forum Topics / Atlantic Nav Last:0.115 -- |
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Low P/E, Low Float, High Net Profit Margin
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ysh2006
Supreme |
04-Nov-2024 16:41
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The ST Indian reporter painted a good picture of this stock so maybe won't led us good way lah... | ||||
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MrBear12
Supreme |
02-Nov-2024 19:30
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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May not even be worth anything if their core business is sold off.
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SmallSmall
Supreme |
02-Nov-2024 18:11
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Question is would the company be only worth $0.05 after ex-all considering their business remains unchanged minus the assets.
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MrBear12
Supreme |
02-Nov-2024 18:07
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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After the proposed disposal, the Group will continue to provide shipmanagement services and will be predominantly an asset-light ship manager as opposed to being a shipowner and manager,? Atlantic Navigation said in a stock exchange filing.
From ship owner to ship manager. Looks good. At least on paper as many companies becoming asset light.
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sengkang
Master |
02-Nov-2024 18:06
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RTO or becomes white knight or privatise
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MrBear12
Supreme |
02-Nov-2024 17:38
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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When a company sells off such a large proportion of its assets and distributes the proceeds back to shareholders instead of reinvesting elsewhere, that is a sign to show it is winding up.
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ysh2006
Supreme |
02-Nov-2024 16:34
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Any reasons or rumours or signals signs that you make that comment ? can share share ?
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MrBear12
Supreme |
02-Nov-2024 15:46
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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I think the company is winding up
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SmallSmall
Supreme |
02-Nov-2024 15:34
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Based on my calculation, capital reduction will be after 24 November 2024 but special dividend can be earlier.
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ysh2006
Supreme |
02-Nov-2024 12:55
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So likely distribution will be end of the year !
Thank you 😊
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SmallSmall
Supreme |
02-Nov-2024 12:50
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Because cum-dates not annouced yet? They can actually distribute the special dvidend first followed by the Capital Reduction. Capital Reduction need 6 weeks from date of EGM which was 7 October 2024 (but before end of 8 weeks) to be effective.  
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ysh2006
Supreme |
02-Nov-2024 12:20
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Can some forumers tell me why this company if want to distribute about 30c to public no body interested ? | ||||
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ysh2006
Supreme |
01-Nov-2024 19:51
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Any forumer can suggest why like this ...company give money public don't want ?
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ysh2006
Supreme |
01-Nov-2024 17:31
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Got money is it rare or not ? No body heed it maybe fake one...
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ysh2006
Supreme |
01-Nov-2024 11:06
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Not forumers interested in this stock? If distribute 30c not enough is it ? | ||||
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SmallSmall
Supreme |
01-Nov-2024 08:50
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Distribution of about $0.30 per shares ! Based on 523,512,144 issued ordinary shares in the capital of the Company (&ldquo Shares&rdquo ) (excluding treasury shares and subsidiary holdings) as at the date of this announcement, the Proposed Distribution represents an aggregate of approximately US$0.23 (S$0.30) per Share. After that the company become asset light. They still do ship management for the new vessel owner Ship Management Agreement The following paragraphs set out a summary of the principal terms of each Ship Management Agreement. (a) Management Services With effect from the date the ownership of each Vessel is acquired by the relevant Vessel Buyer, such Vessel Buyer (as owner of the relevant Vessel) appoints AMG FZE as the manager of the relevant Vessel in respect of the management services including the following: (i) technical management (ii) crew management (iii) commercial management and (iv) insurance arrangements. 12 (b) Management Fees, Commission and Operating Expenses The Vessel Buyer shall pay to AMG FZE the following management fees, commission and operating expenses: (i) in respect of technical management, a fixed daily management fee, pro-rated in connection with the technical management of the relevant Vessel, which shall be payable per calendar month in advance (ii) in respect of commercial management, a commission based of an agreed percentage of the net revenue earned and actually received by the Vessel Buyer pursuant to the Internal Charter. &ldquo Net revenue&rdquo means all proceeds received by the Vessel Buyer under the Internal Charter less all taxes (including only withholding taxes payable at source) that are incurred or applied on such proceeds or are for the account of the Vessel Buyer or owner in connection with the trading of the Vessel or under the relevant Internal Charter or External Charter (without double counting) and (iii) operating expenses for each Vessel, which shall be based on actual operating expenses incurred at cost plus 7.5%. 
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ysh2006
Supreme |
01-Nov-2024 05:28
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Last ship finally sold .....money in the pocket already waiting.... | ||||
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SmallSmall
Supreme |
30-Oct-2024 09:53
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This one capital reduction and special dividends should be coming very soon as the last ships should be completed by 31-10-2024  
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guiren
Veteran |
17-Sep-2024 12:04
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This company in Rubber plantation ? Or any company in Rubber plantation ? Please enlighten, Thank you
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QueenMaya
Senior |
17-Sep-2024 08:52
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30 cts distribution to shareholders upon completion. That's a super deal.
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