Banking $$$$$$
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The $BDI is going to make new highs in 2011, the bottom is set. My problem I have reading the threads here and some of the opinions is they are full of mis-information. You guys really have no clue on the facts or how the smoke and mirrors on Wall Street work.
Number authorized shares and are not out standing shares and they are not doing it because they are walking away from the debt covenants. For the last time i say it, the short term debt due is only 35 mil and the company has over 85 mil in cash. Don't you get it the shares are just authorized not outstanding. You need to realize that the some warrants are priced at 6.50 and 12.50 so the parties who hold the warrants have it in their best interest to get the stock there. These warrants were issued in the financing to grow the company out, trading low 2 P/E what you think this will be trading at when the $BDI explodes into 2011?
So please man stop passing the misinformation. The long term debt does not come due for years. One more fact you have wrong is the fleet age is not 20 yrs its closer to 12.
I also disagree with you on the $BDI dropping further in fact if your read the recent iron ore projections on other financial sites with more knowledge then this Ihub thread you will see why many are predicting the Volatile $BDI index to retest its 2008 highs in 2011.
I know you are a good guy, I think we just need to get the facts straight. I saw a great write up on SHIP I will send it to you.
have a great weekend, thanks to the misinformation on this thread i got to pick up some super cheap shares.
Long and Want To GET STRONGER
Total Cash per Share over 1.50 Book value Near 4 bucks
31.50% Operating margins $$$$$$$$$$$$
For the money they used debt lock in 117 mil+ revs per year just with the addition of ships. The long term debt is over 5 yrs and most 10 yrs out so its not a issue, when the company is making money. Most orders all-ready booked for 2010. FFA forward contracts is all set to minimize any fluctuations in the BDI.
China and India demand for iron and coal to pick up after new prices JUlY. 85 mil cash Ships worth way more then debt, Nav in access of a 100 mil.
No not at all, they have 85 mil in cash and only 30 mil short term debt. The long term debt is nothing compared to assets. Listen to interview on Bloomberg. The under performance is because the market in general is on crack, but wont be forever.
OT not a premium member
so i can't reply to you. Ask lang for my email, allready looking at it actually mentioned other day.
Great news
OT brosef I been good just don't post much here anymore, too busy raking in the $ at new spot. Live chats a blast.
Don't you got my email? You use too.
hope you are well
cheers.
We been raking in the $$ in live chat. I don't have time to post here, I'm easy to find, I just don't have premium ihub anymore so send lang or dtf and ask for my email.
Why are you Guys still posting here? This board goes bye bye soon, no time to moderate it. Too busy killing it at live chat all ready few 100%+ this month mentioned there.
Why are you Guys still posting here?????????????
Ceo buy insider buys they know what a deal it is down here!!!!
1.00 eps last year in the ruffest times, this year almost double the fleet and chart rates higher with increasing BDI I expect them to make more $. This will get discovered and when it does the stock price will play catch up with the fundamentals, it should all ready be trading much higher but the market has everyone spooked when this subsides and people look for value and growth ship will get discovered, we are just buying low here.
IT's just how they decide to book Revs, just means the next qs will be chalked full of more revenues. Look at last year they booked 1.00 eps in the latter qs. Also the growth prospects going forward look great. Also seasonality shippers tend to best summer and fall.
SHIP'S Current EPS of 1.00 Warrants a 10+ stock price IMO if the market would stop smoking crack! They earned a 1.00 eps in the roughest of times, and this before they added to the fleet. They are profitable and the coming quarters will only be better, the problem is not SHIP. The problem is the market not pricing things to the fundamentals, but that wont last forever. Eventually the stock price will have to play catch up. They have huge cash position, and only 60 mil os. Imo this is the best shipper to play
A 10 pe should be a conservative evaluation in normal times, it trades under 2 pe right now. The fleet has increased going forward should = more $$$$$$
SOME HIGHLIGHTS http://finance.yahoo.com/news/Seanergy-Maritime-Holdings-iw-1417124299.html?x=0&.v=1
"We are pleased to announce the completion of the MCS acquisition on schedule. We view this as a strategic and transformational acquisition for Seanergy. It increases our controlled fleet to the significant size of 20 vessels while decreasing the average fleet age, and we believe it expands our revenue and profit generation capacity"
"Freight rates continue to remain firm despite an uncertain market place. Currently, congestion at iron ore and coal ports is increasing due to Chinese demand on both products and India's demand for coal which helps offset the newbuildings coming into the market. We expect the harvest season in the southern hemisphere to help sustain rates although volatility will most likely remain. We continue to remain quietly optimistic on the long term outlook for the dry bulk sector due to the robust growth especially in the Far East region and the gradual global economic recovery"
" As of June 3, 2010, our cash reserves amount to $84.5 million and the Company now operates a fleet of 20 vessels. On a combined fleet basis, we have secured under period employment 93% of ownership days in 2010, 58% for 2011, 27% for 2012 and 19% for 2013 providing us with significant cash flow visibility"
SHIP'S Current EPS of 1.00 Warrants a 10+ stock price IMO if the market would stop smoking crack! They earned a 1.00 eps in the roughest of times, and this before they added to the fleet. They are profitable and the coming quarters will only be better, the problem is not SHIP. The problem is the market not pricing things to the fundamentals, but that wont last forever. Eventually the stock price will have to play catch up. They have huge cash position, and only 60 mil os. Imo this is the best shipper to play
A 10 pe should be a conservative evaluation in normal times, it trades under 2 pe right now. The fleet has increased going forward should = more $$$$$$
SOME HIGHLIGHTS http://finance.yahoo.com/news/Seanergy-Maritime-Holdings-iw-1417124299.html?x=0&.v=1
"We are pleased to announce the completion of the MCS acquisition on schedule. We view this as a strategic and transformational acquisition for Seanergy. It increases our controlled fleet to the significant size of 20 vessels while decreasing the average fleet age, and we believe it expands our revenue and profit generation capacity"
"Freight rates continue to remain firm despite an uncertain market place. Currently, congestion at iron ore and coal ports is increasing due to Chinese demand on both products and India's demand for coal which helps offset the newbuildings coming into the market. We expect the harvest season in the southern hemisphere to help sustain rates although volatility will most likely remain. We continue to remain quietly optimistic on the long term outlook for the dry bulk sector due to the robust growth especially in the Far East region and the gradual global economic recovery"
" As of June 3, 2010, our cash reserves amount to $84.5 million and the Company now operates a fleet of 20 vessels. On a combined fleet basis, we have secured under period employment 93% of ownership days in 2010, 58% for 2011, 27% for 2012 and 19% for 2013 providing us with significant cash flow visibility"
Fun will start soon, the deal should be announced this week
Thurs day my guess
OT
ask lang for my contact email
im not premium ihub
cheers
Gotcha, huckleberry that really does describe people like that.
anyway enjoy your stay, Ill be at my new place all decent people welcome.
I gave that guy the benefit of the doubt, but his behavior time and time again makes me think you might of been right the whole time.
I don't plan on coming here much, but if idiots run wild will just shut this thread down.
I don't post here and don't have much time for idiots, too many all ready in the world.
OT yes lurker I was talking to you.
you should of got the email but if you didn't ask lang for mine and I will talk to you there.
OT Hey buddy i don't have premium membership so ask lang or one of the mods who do and they can send you my email contact.
have a great weekend
OT
why aren't you at new place
this boards closing soon
cheers.
Not me
show me the post where i said that? Ship is one i discovered just recently. I don't see any trades in any of my portfolios back in feb on it.
My first alert on it was 1.19, but long term 2.40 still seems cheap
come over to the new place
cya
posted on new place
send me a email are you not there yet?
OT I will have a mod send you my contact info
aren't you on yahoo messenger?
KEEP YOUR EYES DRL could be huge again
only bank i will buy and hold.
come on over new place its awesome we have a chat very kool
OT I mean silly all you do is be negative, talk smack, this and that. I don't think I have ever heard you say to someone nice call or this or that.
What value have you brought to this board, I mean show some respect really.
Makes sense now, sillystockboy and here I was thinking it was silky whole time.
Not to mention silky we had 42 alerts over 100%
now we are talking about listed stocks, not some .0001 stock like so many others claim !
Give some respect and you will get it man.
The challenge is there, go find a better board on net that has given consistently good trade ideas?
If you can i will shut my mouth and quit posting and join it.
LOL
play nice silky
Nope there was losses a few halts, but why don't read through the last 2 yrs of posts here and you will quickly find out that they were a small % of total. Listen, since you are self proclaimed 19 yr old kid, instead of using the douche bag approach, go out and find a message board that is been better then this one has been.
in the chart they losses are labeled in the 0 % category.
Go through all the posts ever written on this board and you will see there is no gimmick.
And we were never claiming to be a 100% right free of any losses, the point was to illustrate that the trade system produces.
Say hi to moe for me, the same trade system that posted a day trade on sqnm yesterday in which i bought and today its up .45+. Now no stock goes straight up or straight down, in fact there has been times when the stock has gone down since i alert it, timing is the hardest thing to master and over all were pretty dam good.
I always advocate buying and selling in stages as a way to minimize market gyrations.
Yes and GO ship, sad part is most here but be holding it when the real fun starts, too many trigger finger scalpers.
LOL
play nice silky-
Come on over to the new place you guys missing all the fun
GET on new site ARYX run into earnings should start
see chart
2 possible on swing
Some look though the microscope some through a telescope. The facts are the facts here. Great cash balance and earnings potential going forward. Currently trading under a 2 P/E. Its a Value Growth play, the BDI index is heading higher.
So you have no position now?
OT Check your spam box i replied will send you another or ask lang to give you my email address i don't have ihub premium anymore
STOP POSTING HERE I GOT YOU A NEW HOME
jackaninny!
Should i just delete this thread!
Comprende!!!!
oink oink
Who ever sold SHIP thank you so much!!!!! One man gathers what another man spills. If you don't know what you have and are easily scared by market gyrations you should not be in the stock market.
I loaded the boat and will continue to add on any and all dips.
I got patience and I KNOW what I'm holding.
you guys who want quick trades where were you when apple was 199
lol
Why are you still posting here? New place is waiting?
Anyone who is stupid enough to listen to your grade f bash doesn't deserve to own this company. It's a perfect time to be long when the future is bright and this is currently trading under a 2 pe. Today's manipulated shake was a great time to add, let the day traders and stupid money sell, smart money will accumulate.
They got a got a great deal they paid cash, still have lots of cash on the books. They added vessels to the fleet because they were at a time charter coverage of 95% for 2010 and already 51% for 2011. With the baltic dry index expected to rise along with shipping rates it seems they made a great move to position the company to be able to make even more money next year. Do some research, so next time your opinion has a little more substance behind it next time.
Total revenue rose 155% year-over-year to $90.2 million in the year ended December 31, 2009, up from $35.3 million in the same period a year prior.
OT He has to register, the beta testers along with new people have to re register.
His old password and user name doesn't exist
Hey, our new home awaits why aren't you there Chat allready rocking!
Ok you all know where to find me I'm over in the new chat now
SWi look for the bounce and 20 test