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Courage Marine--- A courageous play
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sunflower
Member |
27-May-2006 10:25
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wow hot......????. |
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BullRun
Elite |
27-May-2006 00:43
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x 10 Alert Admin |
Frankly, at 14.5c the share is only at its FV based on Q1 result. I except Q3 result to be worse than Q1 and Q2 if the freight rate remian at current level. To buy into this stock now will means parking your money in there for few months without having any chance of making money and have to bear the risk of further correction after Q3 result! |
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waterfish
Member |
26-May-2006 17:55
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it is really attracted me..i have q ing up to buy in at 14.5 cents today but fail......try again nextweek gd luck for myself. |
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kingkong31
Member |
26-May-2006 17:33
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Ok, this is 2nd time i invested in CM . last time i bought at 15cents n sold at 20 cents .am i buy in too early this time? but i dont mind to wait...haha |
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shplayer
Elite |
26-May-2006 15:25
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I view this counter as a yield play. As CM is newly listed, we are still uncertain if they will pay interim divident. Personally I don't think so cos BDI is still quite volatile. If you agree with my opinion, then FY06 results will only be known in Feb 07 and div paid in April/May. So, we still have time. Given the market situation right now, prices may look quite attractive (14 - 15 cts) from the potential yield point of view. But if you take a position now, your funds will be tied up for about 10 months to benefit from divident. So,at this time, better to bottom fish.....say put a low 'buy' price and hope to catch some. Then take profit when it goes up ...bear in mind that @ this level, each bid up (or down) constitutes a gross price movement >3.3%. |
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BullRun
Elite |
26-May-2006 12:57
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I think not time yet to buy. It is approaching the fair value of 14c but I'm afriad the market sentiments during world cup may push the price lower..no hurry since there are many other shares that look more attractive now. |
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BullRun
Elite |
26-May-2006 12:57
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I think not time yet to buy. It is approaching the fair value of 14c but I'm afriad the market sentiments during world cup may push the price lower..no hurry since there are many other shares that look more attractive now. |
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wangwangwang
Member |
26-May-2006 11:11
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really lowest prices now...u can buy in.. |
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mushroom
Member |
26-May-2006 10:56
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i'll buy in somemore............it reached my target.......time to buy in? |
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kingkong31
Member |
26-May-2006 10:47
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HAHA bouhgt 150 lot of CM share at $0.145 by 25 may 06. it is to fast? |
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yonger
Member |
26-May-2006 10:39
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what's now? time to buy in? |
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BullRun
Elite |
25-May-2006 22:34
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14.5 cents! Very near to my earlier forecast of 14c!! I though need to wait until Q3 result is out to drive the price down but it came earlier than expected! |
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BullRun
Elite |
22-May-2006 13:45
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Fundamentals have not changed. Q3 result will ne the worst if DBI remian at current level. My advise is to avoid until the DBI shows sign of recovery. |
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shplayer
Elite |
22-May-2006 13:30
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Co. sitting on pile of cash...think its about USD25 mil....from IPO to buy vessels. So, can be in the market to expand fleet. Fleet expanded by 3 vessels since IPO (in Sep 2005?). Depreciation is a bigger cost factor than maintenance....so, in weighing the balance between higher depreciation (for new vessels) vs higher maintenance (for older vessels), the latter will have a greater impact on the bottomline. Coupled with the fact that new vessels price are more expensive...hence higher financing cost...which will have further impact on bottomline. Yes, freight rates have come down but my guess is its eps will come in @ about 2 US cts for FY2006. Divident policy is 50% of net profit and tax free i.e divident of 1.0 US cts per sh or say 1.6 sing cts. So, at current level, the yield is quite attractive......but got to monitor the DBI (Dry Bulk Index) to keep track of its revenue stream. |
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BullRun
Elite |
16-May-2006 08:00
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Heading to 14c.... |
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BullRun
Elite |
16-May-2006 00:17
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Silent means Golden??? haha..... no Silent means GONE CASE.....haha |
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BullRun
Elite |
13-May-2006 10:36
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Hello, All CM supporters....please say something leh. |
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BullRun
Elite |
12-May-2006 11:04
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Courage Marine supporters finish digesting the Q1 results? |
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BullRun
Elite |
12-May-2006 00:04
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Like it or not, there is only 1 way to go....and that is DOWN. If CM supporters had listen to me earlier they will not be feeling so sad now!!! Still not too late...WILL drop to 14c. |
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BullRun
Elite |
11-May-2006 19:25
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Q3...Q3 result willbe affected significantly for sending 2 vessels for survey!!! |
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