Bimini Capital Management, Inc. (BMNM)

[alexander77]

Thecday afterwarts I read the full financial report which made me change my mind.

[DENN]

you can spin it any way you want. but facts are you where pumping this like a flat tire right up until you sold.. even the night the report came out you where spinning it. the next day you ran for the door soon as the market open.. then came in here telling every one a new story about the company. any one has to do is go back and read your posts. in fact here your post just before you sold and after the quarter report was out, you knew it. this says it all.. so sad http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98411007

[alexander77]

That is the problem. The debt increased but if you did read the financial report carefully you would have known the company did not do any new activities on MBS!

[DENN]

oh for crying out loud give it a rest.. you sold your shares and now your posting bull $hit.. you keep pushing this debt issue. how does mbs reits work.. you know.. they borrow or hedge . which increases debt. your trying to scare people in to selling. by posting all kind of non-sense. you sold and made a mistake now live with it... so sad.....

[Jonas1983]

I would not recommend to buy at these levels, but as long as it's green in my portfolio I'm keeping it.

[Jonas1983]

Alexander/Maarten, If I had 80000 shares I would do the same,but I still think it's worth a risk, people still buy this thing up and beside that 1 day there wasn't a lot of selling + the insider buying gives me a little bit of hope.

[luvhuntin]

At least you doubled your money!!! Congrats!! I also am up but not selling now, buy more if it does go down.

GLTU

[alexander77]

17,000,000 dollar debt,book value decreased 50% in 3 months, debt increased with 4 million dollar in three months, book value near bankruptcy which is worth .15 dollar/share. And you talk about dividends?!

Way too much overvalued. 300% premium above book value, listed on OTC and knowing the CEO has a new flagship now being ORC. If you read the financial reports carefully, you read that there is no financial obligation in case of debts between ORC and BMNM.

I am happy I could get out in time, with 100% profits.

[luvhuntin]

How fast and how far will this fly when divy gets reinstated?

[swampboots]

bmnm .72.

[luvhuntin]

Very thin, ask up to .75!!!!!!!!

[luvhuntin]

Ask at .63 just keeps going up pretty impressive!

[luvhuntin]

I agree!!!!

[DENN]

people are starting to see the reall potential here. with orchard fees and dividends bmnm will get. http://finance.yahoo.com/news/orchid-island-capital-prices-public-125736379.html

[DENN]

bid now .48. ask .59 http://ih.advfn.com/p.php?pid=squote&symbol=BMNM

[DENN]

more money for bmnm in fees. http://finance.yahoo.com/news/orchid-island-capital-prices-public-125736379.html

[DENN]

bid .47 ask .59 nice,,, good try... http://ih.advfn.com/p.php?pid=squote&symbol=BMNM

[alexander77]

Bid .25 still overvalued,but a little bit more normal for a company with a book value which has decreased with 50% in three months (one quarter) which is now worth .15 dollars/share... I will buy again at $.08-$.15

[DENN]

that's because orc filed this morning to sell 4,000,000 shares. that's means a lot more money for bmnm on fees they will make.. there no doubt that there doing the same as arr did a couple years back.. orchid will be a huge company in a year and the fees paid to bmnm will be unbelievable.. there some one trying to get a huge block filed right now below ask.. people are starting to see the potential here. here link on orc filing... http://ih.advfn.com/p.php?pid=nmona&article=61472891

[luvhuntin]

Somebody wants in this morning!

[DENN]

it will probably go side ways for awhile. if you follow orc they just filed a S-11A Friday to sell more stock. see link below.. bmnm gets fees for handling there company. the fees alone can give the share holders a very good dividend in the future. also you got to remember they own 980,000 shars of orc and the dividends from those are building up fast.. I listen to there conference call yesterday and they made over $750,000 on just fees and dividends for last quarter. and they also got a portfolio that should start making money soon.. as orc builds it portfolio up bmnn make's a lot more money, do the math.. the insiders did not accumulate all those shares last month for nothing... I also see are other poster here on this board must of sold all his shares last week from what he posting now.... http://ih.advfn.com/p.php?pid=nmona&article=61372773

[alexander77]

The problem is that the BMNM has not sufficient resources to buy new MBS and/or diminish the risk to the portfolio as ORC has done. Moreover it will remain a big guess if their strategy from the past works or that they ho bankrupt. As you can read orc and bmnm are two different entities which have no legal obligations when one or the other has liabilities. Management won't lose their job either because they are in orc as well.

[luvhuntin]

If we hear nothing until next quarter I think it will slowly fall a little but i dont think it will fall to 52 week low levels.

Just my gut!

[cdaniel394]

So What do you guys think happens now? I thought it would plummet. A Nostradamus I am not.

[alexander77]

It won't hold. Debt is now 17,000,000 dollars which was around 13,000,000 dollars before. Book value is now .15 dollars/share. If you don't want the share price to implode, don't sell and just buy more in case it goes back to the 52week lid of .11 dollar/share

[luvhuntin]

Yes it did lets hope it holds!

[DENN]

came back real nice.

[luvhuntin]

Coming back nice!

[DENN]

I do not think it will drop that low. there already buyers stepping up at .40 cents. I hope that wasn't you that sold that 55,000 block at .351 early this morning.

[luvhuntin]

If it drops that far I will be buying more!

[alexander77]

It has a book value of $.15. Share price will be adjusted downward the next couple of months. Let's stay realistic. I think the sp will drop again to .15 or lower, since I do not believed people want to buy a premium above BV to get in this risky stock. Nevertheless, things can change in May-June, but for now it will be a LOOOOONG and painfull period.

[luvhuntin]

Well hope next quarter is better!

[DENN]

bid is back at .42 and ask is .47 as I type this..

[DENN]

as the size of orchard grows so does the money for the fees to run orchid. if orchard grows like estimates say , bmnm will have a huge amount of money coming in from the fees.. I believe that's why the insiders took all those shares in Febuary, they know what is going on....

[alexander77]

My order is around $.12 Good to see that you'll be buying too.

[alexander77]

thank you...

[DENN]

some one is trying to buy a big block at .40 right now..i will buy more to if it drops really low. there still a lot going with this company with orchard, will just take time.. did you look at the expected growth of orchid this year on yahoo. i will post the link. scroll down and take a look at the expected growth for this year and next quarter .. orchard must plan on a lot of public offerings like arr did.. http://finance.yahoo.com/q/ae?s=ORC+Analyst+Estimates

[alexander77]

I don't know... sorry

[alexander77]

I don't know... sorry

[luvhuntin]

How low will it go?

[alexander77]

book value $.15,I've a buy order at $.12 for more shares

[alexander77]

management acquired AND also purchased (!!!!)shares of the company in February. $$$$$$$

[alexander77]

Quarterly results are until Dec 2013. ORC, BMNM share price and share prices from other mreits started to go higher from January. Macro economic outlook for agency mreits significantly improved from the second-third week in January. I remain bullish for all mreits and certainly for BMNM as well.

Also: BMNM remains 100% invested in MBS, so they share my opinion and markets' positive opinion.

[alexander77]

Last year in the fourth quarter the company lost .19$/share. Not good, but not terrible either,..

[DENN]

not what I was looking for neither. I thought for sure book value would increase with the dividend and fees they get from orc.. instead it dropped all most in half. from .29 cents to .15 cents ..

[luvhuntin]

Not what I was hoping for!

[alexander77]

Allright!!!Mortgage Rates Decline Again, 30-Yr Rate At 4.28%

"Mortgage rates finally caught up last week with the recent decline in Treasury yields, as the average 30-year fixed-rate mortgage rate fell to 4.28% in the week ended today from 4.37% a week before, according to Freddie Mac’s (FMCC) latest weekly Primary Mortgage Market Survey, ending a three-week stretch in which mortgage rates had risen. A year ago that rate stood at just 3.52%. The average 15-year fixed-rate mortgage rate also edged lower to 3.32% from 3.39% a week earlier, up from 2.76% a year ago.

A similar 30-year mortgage rate measured by the Mortgage Bankers Association’s latest weekly survey slipped to 4.47% from 4.53% a week earlier. That survey also showed mortgage applications rose by 9.4% in the week."

http://blogs.barrons.com/incomeinvesting/2014/03/06/mortgage-rates-decline-again-30-yr-rate-at-4-28/?mod=yahoobarrons&ru=yahoo

[alexander77]

ORC at 12.90.That is higher than before going ex-dividend. IMO chances are high they'll raise their monthly dividends next month or so. Management is doing great and since BMNM manegement=ORC management...
I've lookes to BMNM's website again and historically quarterly results will be out somewehere between now and the end of March.

[alexander77]

All mreits are up:ORC,AGNC,NLY,TWO,...

[alexander77]

ORC up again.Good chance they'll raise dividends. Bmnm 6500 shares bought at .60 and a lousy 2000 sold at .53. By the end of next week it will be around .64