SamuderaShipping    Last:0.96    +0.005

SAMUDERA SHIPPING LINE LTD

@bustersg,

Say total value of your stock in the contract is $X. And your broker charges 0.15% commission and is GST-taxable.

Then your total fees would be:
[($X x 0.15% comission) +  ($X x 0.04% clearing fee) + $0.35] x 107% = fee
 

GoldenPig      ( Date: 05-Aug-2022 14:02) Posted: SGX charges another $0.35 flat fee per contract. It is also GST-taxable. bustersg      ( Date: 05-Aug-2022 13:47) Posted: vested some at $1.18 today but  i dont understand my SCB fee. E.g. Total stock fee is $X Is it ($X x 0.15% comission) +  ($X x 0.04% clearing fee) = fee? No matter how I add, I cannot match SCB fee value. Can someone enlighten n00b here?

 

I think it's not BB dump those shares. More like contra player due and cannot afford to hold and force sell. More like institution and BB slowly but back these stocks at lower price from them plus waiting dividends.

ozone2002      ( Date: 05-Aug-2022 10:19) Posted: 1.18        -0.03 BBs pump and dump to unsuspecting retailers ozone2002      ( Date: 03-Aug-2022 20:14) Posted: 1.26        +0.07 distribution detected best opportunity for BBs to offload to unsuspecting retailers as the stock rockets gd luck dyodd

 

SGX charges another $0.35 flat fee per contract. It is also GST-taxable.

bustersg      ( Date: 05-Aug-2022 13:47) Posted: vested some at $1.18 today but  i dont understand my SCB fee. E.g. Total stock fee is $X Is it ($X x 0.15% comission) +  ($X x 0.04% clearing fee) = fee? No matter how I add, I cannot match SCB fee value. Can someone enlighten n00b here?

 

Below extract from their CEO.....
Maersk contract rates exceed expectations

Yet another reason why the container shipping boom is lasting longer than some expected: long-term freight contract coverage. Spot rates get more attention and spot rates are falling. But contract rates are up sharply year on year.

Contract rates have been even higher than Maersk previously thought, one of the key reasons why it just hiked full-year guidance.

&ldquo The conclusion of our 2022 contracting season was very strong,&rdquo said Skou. Maersk now expects 2022 contract rates to be $1,900 per forty-foot equivalent unit higher than 2021 contract rates. That&rsquo s $500 more per FEU than it predicted just three months ago. &ldquo That reflects much better performance, compared to our expectations, in the latter part of Q2 and over the summer,&rdquo said Skou.

Maersk now has 71% of its long-haul business on contracts, mostly with beneficial cargo owners as opposed to freight forwarders.

The company&rsquo s average freight rate, including both contract and spot, came in at $4,983 per FEU in Q2 2022, up 64% year on year and up 9% from the first quarter. It was the highest quarterly average rate ever reported by Maersk &mdash and the current quarter looks like more of the same.

 

Hi , I am new in this blog. Fully agree with GoldenPig.

 

vested some at $1.18 today but  i dont understand my SCB fee.

E.g. Total stock fee is $X
Is it ($X x 0.15% comission) +  ($X x 0.04% clearing fee) = fee?
No matter how I add, I cannot match SCB fee value.
Can someone enlighten n00b here?
 

 

Just to share my investing story with Samudera...

One third of my current Samudera holdings date back to as early as 2006. Yes! I bought during the shipping boom then, at near peak prices. Of course, I had huge paper losses when the bust came. I just continued holding and added a couple of times during the down years. Why? The company continued making small profits and giving small dividends every year, except for 1 or 2 years. No doubt the dividends were miserable but the yields were still better than savings account rate.

Samudera managed to eke out some profits and give investors some dividends during those bad years when other shipping companies went bankrupt. It was paring down its debt, approaching zero debt even before this super boom came. What does that tell you about the management quality?

When the current super boom is over, I think Samudera will be able to deliver decent dividends that are much much higher than during the last bust years. After collecting this 7 cents dividend, one third of my holdings will be held at net cost of 0.9 cent per share. Future dividends will be considered free. Of course, my remaining holdings are held at much higher costs since I added them early this year.

The points of my story? 
1)  Don' t panic sell. It always lead to regret.
2) Don' t worry about paper losses if the company is giving and will continue to give decent dividends, even if the dividends are no longer mind-blowing.
3) If the company is good and worth holding, take advantage of other people' s panic selling. Buy if you still have spare cash. Then you can continue to collect dividends from them in your retirement. And enjoy more fruits in future booms.

 

 

Now is good price to scoop more at low plus dividend. 

 

Then bobian, nobody told them to contra. 

Steroid      ( Date: 05-Aug-2022 11:29) Posted: Speculaters have to sell now cos they have no money to register. If they dont register they loose div

 

Speculaters have to sell now cos they have no money to register. If they dont register they loose div

 

My personal experience showed me that when you' ve found a good company with good profits for at least a few years, buy and hold will give more returns at less stress than trying to trade.
Trading in current heightened volatility has more risks than rewards, unless you think you' re a genius at it, or are able to take more losses.

TheMatrix      ( Date: 05-Aug-2022 11:12) Posted: Precisely, the amount of cash they have is ridiculous. I urge those can hold, dont sell. Speculator of cos will try cost panic and then scoop it from u at low. I can bet most sell is at loss. Why not scoop the dividend and hang onto this. I dont forsee their business forecast demand or earning will suddenly drop like flies in next year.    GoldenPig      ( Date: 05-Aug-2022 11:03) Posted: Agree. When full FY22 results is released, NAV and earnings per share will jump again. Think the price then will be above 1.60

 

Precisely, the amount of cash they have is ridiculous. I urge those can hold, dont sell. Speculator of cos will try cost panic and then scoop it from u at low. I can bet most sell is at loss. Why not scoop the dividend and hang onto this. I dont forsee their business forecast demand or earning will suddenly drop like flies in next year.   

GoldenPig      ( Date: 05-Aug-2022 11:03) Posted: Agree. When full FY22 results is released, NAV and earnings per share will jump again. Think the price then will be above 1.60. TheMatrix      ( Date: 05-Aug-2022 10:34) Posted: Contra no, long term yes.. The PE is ridiculous low especially ecommerce will continue to strive and shipping is not like gloves which you can scale up easily.

 

Agree. When full FY22 results is released, NAV and earnings per share will jump again. Think the price then will be above 1.60.

TheMatrix      ( Date: 05-Aug-2022 10:34) Posted: Contra no, long term yes.. The PE is ridiculous low especially ecommerce will continue to strive and shipping is not like gloves which you can scale up easily.  ozone2002      ( Date: 05-Aug-2022 10:19) Posted: 1.18        -0.03 BBs pump and dump to unsuspecting retailers

 

Contra no, long term yes.. The PE is ridiculous low especially ecommerce will continue to strive and shipping is not like gloves which you can scale up easily. 

ozone2002      ( Date: 05-Aug-2022 10:19) Posted: 1.18        -0.03 BBs pump and dump to unsuspecting retailers ozone2002      ( Date: 03-Aug-2022 20:14) Posted: 1.26        +0.07 distribution detected best opportunity for BBs to offload to unsuspecting retailers as the stock rockets gd luck dyodd

 

1.18        -0.03
BBs pump and dump to unsuspecting retailers

ozone2002      ( Date: 03-Aug-2022 20:14) Posted: 1.26        +0.07 distribution detected best opportunity for BBs to offload to unsuspecting retailers as the stock rockets gd luck dyodd ozone2002      ( Date: 01-Aug-2022 21:35) Posted: Good to take profit samudera showing signs of distribution, getting toppish  May run further due to exuberance Gd luck dyod

 

All ppl jump out dy

 

Should fine the BT writer instead..

GoldenPig      ( Date: 04-Aug-2022 13:26) Posted: Worst case is Samudera gets slapped with a fine, which should not be very big, I think. Company can well afford it.  Some people are skittish. Some just want a reason for taking profit. Some don' t have the patience or timeframe to wait. Different people, different goals, different investment styles. DuplexCH      ( Date: 04-Aug-2022 12:17) Posted: sell on news? quite don' t understand, obviously company doing well with increasing profits, no need guidance, everyone can see. Now get punsihed for what..

 

Worst case is Samudera gets slapped with a fine, which should not be very big, I think. Company can well afford it. 
Some people are skittish. Some just want a reason for taking profit.
Some don' t have the patience or timeframe to wait.
Different people, different goals, different investment styles.

DuplexCH      ( Date: 04-Aug-2022 12:17) Posted: sell on news? quite don' t understand, obviously company doing well with increasing profits, no need guidance, everyone can see. Now get punsihed for what..

 

Agreed. This Business Times writer talk cock. Why is the playing ground not level? Nobody knows about the HY result beforehand. Everyone has access to same info same time

GoldenPig      ( Date: 04-Aug-2022 13:16) Posted: Last line - "   to level the playing ground for all market participants." That does not make sense to me. A positive or negative profit guidance just bring forward the skyrocketing or the plunge in share price, and spread the price gyrations over a longer period.  So how does a profit guidance level the playing field? 🙄   Joelton      ( Date: 04-Aug-2022 09:34) Posted: Did Samudera Shipping Line satisfy its disclosure obligations on profit guidance?   THE share price of Samudera Shipping Line : S56 +5.88% shot up by 42 per cent to S$1.15 over a period of less than 2 weeks between Jul 13 and 25, before it announced its half-yearly profit 2 days later.   The counter&rsquo s spectacular performance attracted a query from the regulatory unit of the Singapore Exchange (SGX) on Jul 21, when its share price rose 9.1 per cent on trading volume that had trebled from the previous day. SGX Regulation (SGX RegCo) queried the Indonesia-based carrier near market closing.   In contrast, the Straits Times Index eked out a gain of 1.7 per cent in the Jul 13-25 period, and clocked a decline of 0.6 per cent the day Samudera was quizzed for its &ldquo unusual price movements&rdquo .   The company, which has been listed in Singapore since 1997 and subsequently graduated to the mainboard in 2000, told the market regulator that it was &ldquo not aware of any information not previously announced&rdquo concerning it and its units, or any other possible reasons that might explain the trading.   The carrier also confirmed that it has complied with the listing rules, in particular Rule 703, which obliges listed companies to disclose any information &mdash with certain exceptions &mdash necessary to avoid a false market in the trading of their shares or that would be likely to materially affect the price or value of their shares.   The corporate disclosure policy mentioned in Rule 703 sets out examples of various events requiring immediate announcements by a listed company, including significant improvement or deterioration in its near-term earnings prospects.   Less than a week after it responded to the SGX RegCo query, Samudera &mdash which has benefited from pandemic-fuelled e-commerce and logistics demand &mdash reported a 367.6 per cent year-on-year increase in its half-year net profit to US$171.7 million.   Could Samudera have known about its profit with some certainty when the stock price started its ascent on Jul 13, some 2 weeks before the release of its financial results? If it had not, what about when it received the SGX RegCo query?   SGX RegCo will review the disclosures of Samudera and &ldquo investigate into any potential breaches of the listing rules&rdquo , a spokesperson told The Business Times.   At least 8 listed companies have flagged significant profitability changes in the last fortnight, all about 14 days ahead of the release of their financial statements. Centurion Corp : OU8 +1.32%, notably, said its profit for the half year to June would be at least 250 per cent higher compared to the year-ago period.   When Samudera reported in February that its earnings for FY2021 were 16 times compared to the previous year, the company also did not precede it with a profit guidance. While it might be a company that is not used to trumpeting its stellar performance, the disclosure requirement is there for a reason &mdash to level the playing ground for all market participants.

 

Last line - "   to level the playing ground for all market participants."

That does not make sense to me. A positive or negative profit guidance just bring forward the skyrocketing or the plunge in share price, and spread the price gyrations over a longer period. 

So how does a profit guidance level the playing field? 🙄  

Joelton      ( Date: 04-Aug-2022 09:34) Posted: Did Samudera Shipping Line satisfy its disclosure obligations on profit guidance?   THE share price of Samudera Shipping Line : S56 +5.88% shot up by 42 per cent to S$1.15 over a period of less than 2 weeks between Jul 13 and 25, before it announced its half-yearly profit 2 days later.   The counter&rsquo s spectacular performance attracted a query from the regulatory unit of the Singapore Exchange (SGX) on Jul 21, when its share price rose 9.1 per cent on trading volume that had trebled from the previous day. SGX Regulation (SGX RegCo) queried the Indonesia-based carrier near market closing.   In contrast, the Straits Times Index eked out a gain of 1.7 per cent in the Jul 13-25 period, and clocked a decline of 0.6 per cent the day Samudera was quizzed for its &ldquo unusual price movements&rdquo .   The company, which has been listed in Singapore since 1997 and subsequently graduated to the mainboard in 2000, told the market regulator that it was &ldquo not aware of any information not previously announced&rdquo concerning it and its units, or any other possible reasons that might explain the trading.   The carrier also confirmed that it has complied with the listing rules, in particular Rule 703, which obliges listed companies to disclose any information &mdash with certain exceptions &mdash necessary to avoid a false market in the trading of their shares or that would be likely to materially affect the price or value of their shares.   The corporate disclosure policy mentioned in Rule 703 sets out examples of various events requiring immediate announcements by a listed company, including significant improvement or deterioration in its near-term earnings prospects.   Less than a week after it responded to the SGX RegCo query, Samudera &mdash which has benefited from pandemic-fuelled e-commerce and logistics demand &mdash reported a 367.6 per cent year-on-year increase in its half-year net profit to US$171.7 million.   Could Samudera have known about its profit with some certainty when the stock price started its ascent on Jul 13, some 2 weeks before the release of its financial results? If it had not, what about when it received the SGX RegCo query?   SGX RegCo will review the disclosures of Samudera and &ldquo investigate into any potential breaches of the listing rules&rdquo , a spokesperson told The Business Times.   At least 8 listed companies have flagged significant profitability changes in the last fortnight, all about 14 days ahead of the release of their financial statements. Centurion Corp : OU8 +1.32%, notably, said its profit for the half year to June would be at least 250 per cent higher compared to the year-ago period.   When Samudera reported in February that its earnings for FY2021 were 16 times compared to the previous year, the company also did not precede it with a profit guidance. While it might be a company that is not used to trumpeting its stellar performance, the disclosure requirement is there for a reason &mdash to level the playing ground for all market participants.