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
AEM2.1800.110
$ Alliance Mineral0.3250.005
AusGroup^0.0490.001
Avi-Tech0.440-
Best World1.4400.010
China Sunsine0.7800.010
CWG Intl0.157-
Dutech0.4650.005
Federal Int0.410-
Food Empire0.6650.020
Geo Energy Res0.2550.010
Golden Energy0.400-
$ GSS Energy0.1680.006
Heeton0.465-
$ ISOTeam0.350-
KSH0.9150.015
Lian Beng0.610-
$ Miyoshi0.0670.003
Nordic0.380-
Oxley0.580-
$ Rex Intl0.0460.001
Riverstone1.0100.010
Roxy-Pacific0.540-
Sunningdale Tech1.7850.080
Serial System0.181-
Sino Grandness0.2550.010
Straco0.860-
Sunpower0.6850.005
Tiong Seng0.280-
$ Trendlines0.148-
Uni-Asia Grp1.430-
XMH0.280-
Yamada Green Res0.470-
YZJ Shipbldg SGD1.2050.010
Powered by JoomlaGadgets

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 649 guests and no members online