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New to this stock and board. Can anyone tell me why this fell so far from its high? Thanks in advance!
parabolic move coming soon
100 $$$$$$$$$$$$$
History repeats it's self
New symbol to be announce soon. WREK
Nothing - as matter of fact it is surprising that warrants ha..
have any value at all. Expire next month at exercisable at $30.
Trading at .035 cents.
Give us a break!!
Hey nothing. That makes warrants almost useless? eom
Great earnings,,this pos needs to get Squeezzzzed $$$$$$$$$
In December 2016, in connection with the public offering of December 13, 2016, the Company granted 11,500,000 class A warrants with an exercise price of $30.00 each. The class A warrants were approved for listing on the Nasdaq Capital Market and trade under the ticker symbol “SHIPW” beginning on December 8, 2016. The class A warrants are immediately exercisable and expire on December 13, 2021. This security was issued by Seanergy Maritime Holdings Corp, whose common stock symbol is SHIP.
SHIP WARRANTS (SHIPW): Does anybody know when they expire and what the stock exercise price is?
Supposedly issued April, 2020.. with 5 year expiration.
Currently trading .055.
It seems it should be trading hire with stock at $1.30.
Thanks
spike the 1.40 we run $3++++ mhop
I thought that was Drys? Did ship do that too?
High quality fleet. Outstanding leadership. Excellent charterers. Making profit and under the radar. I would've attempted a hostile takeover by now if I had the funds/ability to do so. Not sure when this will triple its current price... one might be able to make a few doubles trading somewhere else until this is ready to set sail.
The very best to you kingsransome!
Most probably they will sell to buy lol imo?? That's what all these non US fishing companies do pos?? I maybe wrong though
REMEMBER SHIP WENT FROM 3 TO 105 $ IN THREE DAYS
SHARE BUYBACK,,WOW $$$$$$$$$$
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“I am pleased to announce another high quality, Japanese Capesize vessel acquisition with prompt delivery, during a strong market dynamic. The M/V Friendship will replace the M/V Leadership, our oldest vessel, improving the age and operating profile of the fleet. This is consistent with our fleet growth and renewal strategy that will ensure that our fleet remains competitive, efficient, and fully compliant with the upcoming environmental regulations.
The sale of the M/V Leadership was agreed at what we believe to be an attractive price, and has been timed optimally, ahead of the relevant survey capex requirements. The sale proceeds will further enhance the Company’s strong cash reserves.
We remain committed to further accretive acquisitions in the Capesize segment, and we believe Seanergy is optimally positioned to take advantage of an unfolding super-cycle.”
Seanergy to Acquire an additional Modern Capesize Vessel and
Sell the Oldest Vessel of the Fleet
July 7, 2021 - Glyfada, Greece - Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ:SHIP) reported today that it has entered into a purchase agreement with a major Japanese company to acquire a 2009-built Capesize vessel (the “Vessel”). In addition, Seanergy has entered into a sales agreement with a far-eastern company for the sale of the 2001-built M/V Leadership, the oldest vessel in the Company’s fleet.
The substitution of the M/V Leadership with the more modern Capesize vessel will significantly improve Seanergy’s average fleet age. The total Capesize acquisition capex for the Company year to date adds up to approximately $160 million and are fully funded through the Company’s cash reserves and recently concluded debt financings.
Acquisition of an additional Japanese, high quality Capesize vessel with prompt delivery
The new acquisition was built in 2009 at a reputable shipyard in Japan, has a cargo-carrying capacity of approximately 177,000 deadweight tons (“dwt”) and will be renamed M/V Friendship. The Vessel is expected to be delivered imminently, within July 2021, subject to the satisfaction of certain customary closing conditions. The gross purchase price of $24.6 million is expected to be funded with cash on hand.
Sale of a Capesize vessel
Additionally, the Company has agreed to sell the 2001-built M/V Leadership for further trading to far-eastern buyers. The net sale price is approximately $12 million, and the vessel is expected to be delivered to its new owners within the third quarter of 2021.
For further information please contact:
Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr
Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com
https://www.globenewswire.com/news-release/2021/07/07/2259046/0/en/Seanergy-to-Acquire-an-additional-Modern-Capesize-Vessel-and-Sell-the-Oldest-Vessel-of-the-Fleet.html
Marine Money Week 2021 Video Link on Vimeo
https://vimeo.com/561970936
CEO Stamatis Tsantanis will be speaking and engaging with other Dry Bulk bosses tomorrow morning on a virtual panel led by moderator Randy Giveans, an analyst at Jeffries Group. The topic of discussion is Super-cycle or Super-volatilty?
https://www.linkedin.com/posts/marine-money_mm-mmweek2021-activity-6811289299745566720-07Jk
The theme of this year’s 33rd annual Marine Money Week, which will take place June 21-23, is, “A Golden Age for Shipping,”which reflects the extraordinary outlook and transformational opportunity for our industry.
https://www.marinemoney.com/forum/MMWeek21
If you are unable to register and watch the live discussion, a replay will likely be available and posted shortly on Marine Money's YouTube channel
https://m.youtube.com/user/MarineMoney/videos
Fantastic day for #DryBulk #Shipping equities, starting in Oslo and accelerating in New York. $GNK +6%$SBLK +10%$SHIP +11%$GOGL US closing at NOK 95.8 equiv, +4% above close in Oslo. Should be fun on Oslo open tomorrow.
— Joakim Hannisdahl (@JHannisdahl) June 16, 2021
Expecting Cape spot rates to extend gains at noon CET pic.twitter.com/7bI9dDeNdk
Sailing onboard M/V Hellasship. From bridge monitoring to hatch covers opening! #shipping #capesize #newacquisition #sailing #crewlife $SHIP pic.twitter.com/3siByDuH4J
— Seanergy (@Seanergy_SHIP) June 7, 2021
I believe you're right, Kingsransome.
$1.45 breaks we spike $2.80++++ chart it peeps $$$$
Seanergy Takes Delivery of Two Capesize Vessels
with Prompt Commencement of Period Charters
June 10, 2021 - Glyfada, Greece - Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) reported today the delivery of two previously-announced Capesize vessel acquisitions. The first vessel is a 181,709 dwt Capesize bulk carrier, built in 2010 by Imabari Shipbuilding Co., Ltd. in Japan, which was renamed M/V Patriotship, and the second is a 176,925 dwt Capesize bulk carrier, built in 2006 by Namura Shipbuilding Co., Ltd. in Japan, which was renamed M/V Tradership (the “Vessels”).
Taking advantage of the strong market conditions, Seanergy fixed the M/V Patriotship proactively at $31,000 per day for a period employment of 12 to 18 months with a major European cargo operator. Additionally, the M/V Tradership has been fixed for a period employment of 11 to 15 months with a major South Korean industrial company at an index-linked rate based on the Baltic Capesize Index. Both time charters are expected to commence promptly, upon finalization of the customary handover process.
Moreover, the Company is in advanced discussions with a leading Asian financial institution to finance part of the acquisition price of the M/V Patriotship through a sale and leaseback structure at competitive terms.
https://ih.advfn.com/p.php?pid=nmona&article=85331277
For further information please contact:
Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr
Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“I am pleased to announce the timely delivery of our fourteenth and fifteenth Capesize vessels and the immediate commencement of their respective period employments.
We are also excited to initiate business relationships with two additional reputable charterers. Including these deliveries, 87% of our operating fleet is employed under advantageous medium to long-term charters.
At the financing front, we have secured competitively-priced financings for our recent vessel acquisitions, as previously announced, which will further enhance our strong liquidity position and reduce the Company’s average cash interest expense.
We believe Seanergy is optimally positioned to take advantage of the rising market conditions.”
* * $SHIP Video Chart 06-10-2021 * *
Link to Video - click here to watch the technical chart video
spike to $4 soon nuff
8 months of sea time here, not gonna miss SHIP's movement. GLTA
toot toot load all ships..
SHIP's Analysts Price Target
Joakim Hannisdahl who is stated to be the #1 shipping equity analyst by Bloomberg for the past three years recommends SHIP as a BUY to his clients with an upside potential of 64%. This data was given on May 20th when the price opened at 99 cents and closed at 1.03 so I'll assume his Price Target is $1.64
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163935321
Poe Fratt from Noble Capital reinstated his BUY recommendation after Q1 earnings report with a Price Target of $1.50.
https://www.tipranks.com/analysts/poe-fratt
Tate Sullivan from Maxim Group recommended to Hold at the current price of $1.00 after Q1 earnings. I don't see how this can be justified as this is 1/3 below NAV.
https://www.tipranks.com/analysts/tate-sullivan
IMO these targets are all low. Every seasoned trader knows things can trade multiple times Book Value... Why we've been held down while most of our Peers have moved forward over the last 3 months is questionable.
SHIP's Peers according to Reuters
Atlas ATCO and Matson MATX are containers and Navios NNA is chemical. Castor CTRM is mixed, drybulk and chemical and has decreased 20% more since reverse splitting on the 28th.
The other companies specialize in transporting Drybulk with Seanergy SHIP being the only company to comprise its fleet of Capesize vessels.
Kingsransome, selling is extremely difficult sometimes... even when a trader has life changing profits on the screen. What's holding you back, is it the $5 per share that you've envisioned?
Sambeaux, intelligent investments not making cents either these past few months IMO. Understanding Fundamentals and doing DD is far more difficult and currently less rewarding financially than playing duck duck goose in high dollar/volume P&D's. Crypto is unregulated, no limit to daytrades, no wash sale rule, no $25000 account minimum, along with the government relying on the trader to be honest in reporting gains and losses. Anyhow, Seanergy has made strong significant strategic maneuvers over the last year to benefit substantially from the Supercycle that has only just begun IMO. The CFO and CEO have keen mathematical minds, and I trust that they will focus on maximizing our profitability in every possible way going forward.
yup,,this pos and tops like drys was,,pops on no news poops on good news,cant wait to get outta here
MAKES NO SENSE. Fantastic operations report..
compared to last year. The world is opening up.
And stock gets worse than a ho hum.
Go figure...
Seanergy Advances Capesize Fleet to 16
Seanergy Maritime Holdings Corp. Announces Agreement to Acquire its 16th Capesize Vessel and New Time Charter
May 24, 2021 09:00 ET| Source: Seanergy Maritime Holdings Corp.
GLYFADA, Greece, May 24, 2021 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase a Capesize vessel (the “Vessel”).
The Vessel was built in 2012 at a reputable shipyard in Japan, has a cargo-carrying capacity of approximately 181,000 deadweight tons (“dwt”) and will be renamed M/V Worldship.
The Worldship is expected to be delivered within the third quarter of 2021, subject to the satisfaction of certain customary closing conditions. Following her delivery, Seanergy’s fleet will increase to 16 Capesize vessels with an aggregate cargo capacity of approximately 2,800,000 dwt.
The Vessel is fitted with a scrubber and a ballast water treatment system, while the special survey will be completed by the current owner prior to the delivery and, therefore, the Company does not anticipate incurring any off-hire or capital expenditure for this Vessel at least for the next two years.
The purchase price of $33.7 million is expected to be funded with cash on hand and debt financing.
In addition, taking advantage of the current strong market conditions, Seanergy has fixed one of its Capesize vessels, the M/V Patriotship, at $31,000 per day for a period employment of 12-18 months with a major European cargo operator. The contract is expected to commence upon the Patriotship’s upcoming delivery to the Company, which is anticipated in the beginning of June 2021.
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“I am very pleased to announce another timely acquisition of a high-quality Capesize vessel built by a renowned shipyard in Japan. The addition of the M/V Worldship to our fleet will further enhance our operating leverage as a leading pure-play Capesize company.
This should be a highly accretive transaction for our shareholders as it will be funded by Seanergy’s strong liquidity, consisting of cash on hand and loan facilities at competitive terms.
Our fleet is currently operating in a decade-high freight environment, where the Capesize forward freight contracts (“FFA”) for the second half of 2021 exceed $30,000 per day. Based on the anticipated delivery of the Vessel in the mid of the third quarter of 2021, the incremental gross revenue from this acquisition may exceed $4 million for the remainder of the year.”
For further information please contact:
Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr
Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com
https://www.globenewswire.com/news-release/2021/05/24/2234753/0/en/Seanergy-Maritime-Holdings-Corp-Announces-Agreement-to-Acquire-its-16th-Capesize-Vessel-and-New-Time-Charter.html
Joakim Hannisdahl recommends $SHIP !!!
That is the key question...
— Joakim Hannisdahl (@JHannisdahl) May 20, 2021
I currently recommend the following capital allocation within #DryBulk #shipping to clients$DSX $GNK $GOGL $SBLK $SHIP pic.twitter.com/sNPQIIMk2i
Onboard M/V Flagship - our 13th Cape vessel so far.
— Seanergy (@Seanergy_SHIP) May 18, 2021
View from her bridge. #shipping #capesize $SHIP pic.twitter.com/LyolRDREbn
Seanergy has Flagship.
Seanergy Announces Delivery of Capesize M/V Flagship Vessel to enter Financing and Period Charter Agreement with Cargill
May 11, 2021 09:15 ET| Source: Seanergy Maritime Holdings Corp.
GLYFADA, Greece, May 11, 2021 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today that it has taken delivery of the 176,387 dwt Capesize bulk carrier, built in 2013 by Mitsui Engineering & Shipbuilding Co., Ltd. in Japan, which was renamed M/V Flagship (the “Vessel”). The Vessel was subsequently financed through a leasing agreement with Cargill International SA (“Cargill” or the “Charterer”). Pursuant to the agreement, the Company has chartered back the Vessel on a bareboat basis and subsequently entered into a five-year time charter (“T/C”) with Cargill at a rate which is linked to the Baltic Capesize Index (BCI).
Financing Agreement
The bareboat financing amount of the Vessel is $20.5 million at an implied interest rate of approximately 2% all-in, fixed for five years. The Company has the option to buy back the Vessel at any time during the whole five-year leasing period, at the end of which it has a purchase obligation of $10 million subject to certain adjustments based on the market price of the Vessel.
Time Charter Agreement
Under the terms of the T/C, the Vessel will earn an index-linked rate based on BCI, while the Company has the option to convert the daily hire from index-linked to fixed for a minimum period of three months to a maximum of 12 months based on the prevailing Capesize Freight Futures Agreements (“FFA”) curve. The index-linked rate will be 102% of the BCI minus $1,325 per day. The term of the T/C matches the term of the leasing transaction and has a duration of 60 months from the delivery of the Vessel to Cargill on May 10, 2021.
Energy Saving Devices
In addition, Cargill will fund the equipment and the installation of certain energy saving devices (“ESDs”) onboard the M/V Flagship, aimed to increase the Vessel’s energy efficiency by reducing fuel consumption and subsequently the Vessel’s carbon footprint. The Company and the Charterer have successfully implemented a similar project for the M/V Championship in 2019 in a cooperative scheme pioneered by Seanergy and Cargill.
For further information please contact:
Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr
Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com
https://www.globenewswire.com/news-release/2021/05/11/2227346/0/en/Seanergy-Announces-Delivery-of-Capesize-M-V-Flagship.html
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“We are pleased to announce the delivery of the thirteenth Capesize vessel and its immediate commencement of period employment, during the strongest Capesize market of the last decade. Including this delivery, 84% percent of our fleet is employed under index-linked time charters.
We are also excited to further expand our strategic partnership with Cargill with another transaction, which is very beneficial commercially and environmentally. Cargill is one of the most prominent charterers with a clearly defined and actionable environmental and sustainability agenda.
The debt financings we have secured so far for our recent vessel acquisitions are priced competitively and this will further reduce the Company’s average cash interest expense. Moreover, upon the conclusion of this transaction our strong liquidity position will be further enhanced.
The implementation of our strategic decisions of the last 6 months has a clear positive impact on Seanergy so far, and we continuously explore opportunities to further increase value for our shareholders.”
https://www.globenewswire.com/news-release/2021/05/11/2227346/0/en/Seanergy-Announces-Delivery-of-Capesize-M-V-Flagship.html
SHIP shares are being given away below value IMO by MM'S. Maritime Stocks should have their own exchange. Tradebots don't read the Baltic Capesize Index apparently... or if they do, can't compute. We've been trading alongside TOPS for a long while. I believe there is a program tying the two together. I've seen SHIP go "parabolic" on TOPS news/volume in the past even during after hours. Someone has to cut the cord between the two companies. They have completely different businesses and prospects. TOPS also trading below value IMO.
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