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Saturday, July 30, 2016 10:15:49 PM
PROFITABLE EVERY YEAR SINCE INCEPTION, ALMOST $40M NET PROFITS SINCE 2011.
2 WORLD BANKS ABN AMRO BANK N.V. and CREDIT SUISSE AG Backing TEUFF.
SHARE BUYBACK GOOD TIL SEPT. 2016 >> Box Ships Inc. Announces Share Repurchase Program ,Chairman and CEO to Purchase Shares in the Open Market.
The Panama Canal is a trade lane that has been serving global shipping lines for over a century, and the expanded canal significantly impact global trade routes that the canal serves regional shipping networks. Therefore, the global shipping industry has experienced rocky times in recent years. The downturn in shipping is having a profoundly negative effect on TEUFF.
In 2015 for the first time in history TEUFF showed negative losses on their book. The MAGNA deal $250k note convertible that put massive additional downward pressure on the stock and without new buyer to absorb the shares has caused panic selling set the stock in history lowest ridiculous level.
TEUFF Traded over $9.50 on NYSE was $1.00 plus in December 2015 over $7.00 Book value Cash $13,863,122 (Inc. Restricted Cash) or $0.45 Assets at $356,250,905 or $11.39 PPS. TEUFF have a net asset value (NAV) $220,410,000 As of July 29, 2016 TEUFF market value $209,643
Think about it! Even the company file for BK the company still have the asset value and should be trade much higher market cap than the current $209k.
1 - Panama to Open $5.3B Canal Expansion June 26 allowing ships to reach Asia from the U.S. Gulf Coast more than two weeks faster than they would going east through the Suez Canal. the canal’s capacity will be able to handle larger vessels that can carry nearly three times as many containers. Shipments through the canal may rise to 360 million tons in 2017. Ship-owners operators are optimistic that the container shipping market is turning around that will start to open up in 2016 and after.
2 - No more dilutions. The Magna deal was only valid for 120 days as off March 4, 2016 MAGNA deal expires JULY 3. A clean lvl2 no AEXG on lvl2 was a great indicator the note may be done.
3 - SHARE BUYBACK GOOD TIL SEPT. 2016 >> Box Ships Inc. Announces Share Repurchase Program ,Chairman and CEO to Purchase Shares in the Open Market. ATHENS, Greece, September 29, 2015 – Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, today announced that its Board of Directors has approved a share repurchase program for up to 10% of the Company’s common shares outstanding during the twelve-month period ending September 29, 2016.
4 - CEO & Directors BUYING 10% + Additional 5% of O/S until Sept. 2016
5 - Nowacki Michaels Increased Holdings to 26%
6 - Support from 2 World Bank's. World Banks Credit Suisse & ANB AMRO Backing have waived payments for 1 year on $131,000,000
7 - Fundamentally TEU is strong. Assets exceed Liabilities by 3.6 Times ($356,000,000 vs $128,000,000 or a Shareholders Equity of $228,000,000.
8 - Real company, real assets and solid revenues, limited liability. Book Value is $7.11 based on 31.25 million shares.
9 - 9 Active & Young Vessels which make them a very attractive Shipping company.
10 - Charts are indicated the containership sector had turn around. Roll down below is the containership companies trade in the U.S. market...
Company profile
Box Ships Inc. – NYSE: TEUFF
Formed by Paragon Shipping Inc. (NASDAQ: PRGN) to invest in the containership industry. Paragon Shipping and CEO own approximately 11.0% and 16.6%1 of the Company, respectively.
Box Ships Inc. is an international shipping company specializing in the transportation of containers. Our vessels are trading worldwide in a multitude of trade routes. We are focused on maximizing shareholder value by maximizing returns on our investments while at the same time ensuring our vessels adhere to the highest safety and environmental standards.
Strong Management Team with over 79 years collective experience
Michael Bodouroglou, our Chairman, President and CEO has over 35 years experience in shipping. George Skrimizeas, our Chief Operating Officer, has 25 years experience in shipping.
Robert Perri, our Chief Financial Officer, has over 19 years experience in shipping and finance.
Shares structure:
Authorized Shares 475,000,000
Outstanding 31,290,000 with 7,877,125 Restricted to INSIDERS
FLOAT 23,412,875
CEO and Board Agreed to buy 10% of OS and CEO stated he will add an additional 5%.
TEUFF was $10+ on NYSE, $40 - $60M ANNUALLY
Support from 2 World Banks, ABN AMRO Bank N.V. and Credit Suisse for $131,000,000 til May/June 2017.
$TEUFF's Audited Financials ASSETS $356,000,000 INCLUDES 9 VESSELS + $14.5M CASH
Only $128m Liabilities
$228m Shareholders Equity.
31m O/S with Only 24m Float as of Last Audited Fin.
Currently OTCQX, was $10+ NYSE.
4 Straight Years Profitable
CEO & Directors Buying 10% + Additional 5% of O/S until Sept. 2016
Nowacki Michaels Increased Holdings to 26%
2 World Banks Credit Suisse & ANB AMRO Backing TEU for $131,000,000 For 1 Year Payment Free.
9 Active Vessels.
Same CEO as PARAGON SHIPPING with nearly 20 Vessels.
9 - ACTIVE VESSELS IN TRANSIT
All Vessels are in the water and contracts renewed at at least their previous rate and likely higher
1- $TEUFF's BOX CHINA YEAR BUILT: 1996 (Singapore Area)
Active Vessel Box China Generating Revs
https://www.vesselfinder.com/vessels/BOX-CHINA-IMO-9108178-MMSI-636017041
https://www.vesselfinder.com/?imo=9108178
2- $TEUFF's CMA CGM KINGFISH YEAR BUILT: 2007 (JAPAN - Japan Coast)
Active Vessel CMA CGM Kingfisher Generating Revs
https://www.vesselfinder.com/vessels/CMA-CGM-KINGFISH-IMO-9330991-MMSI-636015147
https://www.vesselfinder.com/?imo=9330991
3- $TEUFF's BOX HONG KONG YEAR BUILT: 1995 (Singapore Area)
Active Vessel Box Hong Kong Generating Revs
https://www.vesselfinder.com/vessels/BOX-HONGKONG-IMO-9108166-MMSI-636017037
https://www.vesselfinder.com/?imo=9108166
4- $TEUFF's MAULE YEAR BUILT: 2010 (Northeast USA - NY)
ACTIVE Vessel Maule Generating Revs
https://www.vesselfinder.com/vessels/MAULE-IMO-9400069-MMSI-636014208
https://www.vesselfinder.com/?imo=9400069
5- $TEUFF's BOX EMMA YEAR BUILT: 2004 (Northeast USA)
Active Vessel BOX EMMA Generating Revs
https://www.vesselfinder.com/vessels/BOX-EMMA-IMO-9275646-MMSI-538004424
https://www.vesselfinder.com/?imo=9275646
6- $TEUFF's BOX TRADER YEAR BUILT: 2010 (NCHINA - Bohai Sea)
Active Vessel Box Trader Generating Revs
https://www.vesselfinder.com/vessels/BOX-TRADER-IMO-9423035-MMSI-636014792
https://www.vesselfinder.com/?imo=9423035
7- $TEUFF's BOX VOYAGEUR YEAR BUILT: 2010 (SCHINA - South China)
ACTIVE Vessel Box Voyager Generating Revs >>
https://www.vesselfinder.com/vessels/BOX-VOYAGER-IMO-9418377-MMSI-636014791
https://www.vesselfinder.com/?imo=9418377
8- $TEUFF's CMA CGM MARLIN YEAR BUILT: 2007 (JAPAN - Japan Coast)
ACTIVE Vessel Box Marlin Generating Revs
https://www.vesselfinder.com/vessels/BOX-MARLIN-IMO-9330989-MMSI-636015140
https://www.vesselfinder.com/?imo=9330989
9- $TEUFF's BOX QUEEN YEAR BUILT: 2006 (Arrived in VA and left for Charleston)
ACTIVE Vessel Box Queen Generating Revs
https://www.vesselfinder.com/vessels/BOX-QUEEN-IMO-9252096-MMSI-636015232
https://www.vesselfinder.com/?imo=9252096
CHART INDICATED THE CONTAINERSHIP SECTOR HAD TURN AROUND...
Below is the containership companies trade in the U.S. market...
Info above is not to be a guideline as a solicitation to buy/sell securities
NOT AN INVESTMENT ADVISOR.
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