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Container ships charterer with 170+ years history Post Reply Rate topic
obt590 Member	14-Mar-2010 14:01        obt590 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems these three shipping Trust ,Rickmer ,PSL ,FSL ,start to move now !!
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pharoah88 Supreme	13-Mar-2010 16:26        pharoah88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	aLL  thE  TRUSTS  are  bEttEr  than  FD
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grandmaster89 Veteran	12-Mar-2010 20:08        grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Personally FSL is a better bet since it has a more diversified fleet unlike Rickmers or PST with exposure to containers, tankers, chemical tankers and dry bulkers. Plus it has no debt issues till 2012 and the Managements guides dividends payment to be US$0.015/quarter which implies a 14% yield. Recent placement gives it room for more acquisitions. Not vested.
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pharoah88 Supreme	12-Mar-2010 17:47        pharoah88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pacific Shipping Trust is EvEn  bEttEr
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chinton86 Veteran	12-Mar-2010 12:59        chinton86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	thou i had sold mine, i still think SP Ship will be much better.
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Alligator Veteran	12-Mar-2010 12:00        Alligator About Contact  Quote this Post! Style: Combined   Yells: "learning from past "
x 0   x 0  Alert Admin	when Rickmers paid 40% annual dividend,, at that time it is considered better risk/reward.. after they cut the DPU ( or dividend) to 8%, you have to re-rate your risk/reward ratio. 8%.. starhub?
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grandmaster89 Veteran	12-Mar-2010 11:51        grandmaster89 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	NOL and Rickers are in two different businesses. NOL is a shipping line whereby it transports containers from one port to another. Rickmers is a leasing trust whereby it rents its ships out at fixed rates to shipping lines over a period of 5-7 years. Rickmer's income continues to be stable but its debt will kill them.
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christan Senior	12-Mar-2010 11:25        christan About Contact  Quote this Post!
x 0   x 0  Alert Admin	nol still a better bet to me
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Zelphon Senior	12-Mar-2010 09:36        Zelphon About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Hauttttttttt AHhhhhhhh !!!"
x 0   x 0  Alert Admin	Yup... I agree.. I am looking to buy..but my tp is below 37 cts... Now too exp for me... Funny thing is that the 130 Million Dollar loan due in April 2010 is known quite far back.. Yet till date, no concrete news abt it... and April is just 1 mth away... It is also an oversight of the management to fail to plan for this debt.. I am risk averse... Perhaps I will wait till April and see how things goes..
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obt590 Member	12-Mar-2010 01:20        obt590 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When a Co still can made good Profit even The worse period ,because facing of some problem and everyone scare to vest it , if you wait until everything clear then go in , normaly the prices already gone up quit a distance . Therefore ,those who step one step before others will be The winner finally ! Just my opinion !
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chinton86 Veteran	12-Mar-2010 00:56        chinton86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SSC buy ship le. Think this counter ride along ba
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commando Veteran	11-Mar-2010 23:04        commando About Contact  Quote this Post!
x 0   x 0  Alert Admin	agreed! I think the company should be able to re-finance the loan. Vested!
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obt590 Member	11-Mar-2010 01:36        obt590 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Container shipping market are recovering slowly . NOL hits $2 now , howcome everybody ignore this counter ? US$130m loan ,I think can be solved by refinance ,just look at JAYA ,more worst ( $500m) ,but still settled . Don't ever listen to the Analyst said ! This counter so cheap , Dividend high , Can vest !
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koolsice Member	09-Feb-2010 12:03        koolsice About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Wow. This baby is starting to sail now. Vested.
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daphnecsf Senior	09-Feb-2010 00:01        daphnecsf About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rickmers Maritime posts 112% rise in 4Q net profit to $21.7m Shipping trust Rickmers Maritime says for the quarter ended 31 December 2009 (4Q2009), charter revenue registered an improvement of 29% to US$38.13 million ($54.2 million), compared with US$29.56 million for the same period last year. Rickmers Maritime will distribute 0.57 US cents per unit for 4Q2009, representing a payout of 14% of income available for distribution. Total distribution for the year will amount to US$16.57 million, which represents 22% of income available for distribution. On a full-year basis, charter revenue rose 43% to US$146.28 million from US$102.11 million a year earlier. This came on the back of revenue contributions from three new vessels delivered during the year — MOL Destiny, MOL Devotion and Hanjin Newport. As a result of higher charter revenue, cash flow from operating activities rose 19% to US$27.59 million in 4Q2009 (4Q2008: US$23.11 million). Accordingly, income available for distribution increased 12% year-on-year to US$17.72 million in 4Q2009 (4Q2008: US$15.77 million). For the full year, cash flow from operating activities improved 44% to US$112.09 million (FY2008: US$77.96 million) while income available for distribution posted a 36% growth to US$76.09 million (FY2008: US$55.85 million). Net profit rose 112% to US$15.25 million in 4Q2009 ($Q2008: US$7.18 million), primarily due to the accelerated amortisation of Kaethe C. Rickmers’ (formerly Maersk Djibouti) deferred income from charter contract resulting from its early re-delivery. For the year under review, net profit improved 18% year-on-year to US$40.74 million (FY2008: US$34.44 million) as the increase in earnings was offset against impairment charges of US$7.50 million as well as net unrealised losses of US$5.36 million on two of the Trust’s interest rate swaps. Source: The Edge
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commando Veteran	12-Jan-2010 09:22        commando About Contact  Quote this Post!
x 0   x 0  Alert Admin	forming a financial committee to deal with debt & re-finance issues.....finally wake up liao
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commando Veteran	07-Jan-2010 22:44        commando About Contact  Quote this Post!
x 0   x 0  Alert Admin	ship started to sail............
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oceangull Member	16-Nov-2009 13:47        oceangull About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will it be like Lehman...very strong in history, but still go *kaboom*??
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tradersgx Veteran	14-Nov-2009 00:52        tradersgx About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Rickmers _ 3 mths ended Sep 2009 ___  Net Profit (S$M)_  $  27.10  ___ +  36%
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yipyip Master	28-Sep-2009 00:03        yipyip About Contact  Quote this Post!
x 0   x 0  Alert Admin	Recommendations Rickmers Maritime Consensus Recommendation:   Underperform Analyst Recommendations and Revisions: Last Updated:  26 Sep 2009 Current: (1) BUY:                           0 (2) OUTPERFORM:          0 (3) HOLD:                         2 (4) UNDERPERFORM:     0 (5) SELL:                           4 Mean Rating 4.33 (reuters) Tue, 1 Sep 2009, OCBC Rickmers Maritime (RMT) has some very immediate issues to resolve and unfortunately, the increased cash retention is comparatively just a drop in the bucket. It is in the sponsor’s best interest that RMT honours its obligations as the sponsor acts like an intermediary on the acquisitions. Possible compromises involve delaying delivery of vessels (for a price) or letting the sponsor warehouse the assets (for a price) or raising a significant amount of equity (ability to do so is questionable). Whatever the final solution, we believe it is not likely to favour the unitholders. With the high level of leverage and sizeable acquisitions fixed at peak prices, we believe RMT is essentially behaving like a toxic asset. When a leveraged play unwinds, the equity tranche is the worst place to be. We maintain our SELL rating on RMT but reduce our fair value estimate to S$0.16 from S$0.39 as we switch to a probability-weighted valuation approach that reflects the likelihood and consequences of distress.
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