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Courage Marine--- A courageous play
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joekoh
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27-Apr-2006 18:19
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The mkt does not play on fundamentals nowadays.Basically it's still a weak mkt and rotational play will push up or push down the price of any stock. So long as there are day traders or contra players, out to make a fast buck, Courage may succumb to 14 cents and below. There are many other stocks which pay attractive dividends every year and yet they are trading well below their 1999 peak. |
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InvesToMan
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27-Apr-2006 14:55
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Unless it post significant drop in earnings or losses. Else I doubt it will ever drop to 14cents. This stock is already undervalued. The resistance is currently at 0.17-0.18. |
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BullRun
Elite |
27-Apr-2006 14:01
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Buy on weakness...will consider when drop to 14c. |
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InvesToMan
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27-Apr-2006 12:24
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Once again looking at the long run. This stock is trading at a significant low PE. Most importantly Courage Marine differ from STX because of its unique strategy of using only older 2nd hand vessels which translates into lower initial capital expenditure. Waiting period for the delivery of the vessels will also be shorter and lower depreciation which translate into higher earnings. I recommend a hold on this stock. Don't predict anything as its too early to do so. China is still holding back most of its exports such as raw materials. I believe they will release most of them soon when the freight rate is more stable as it is cost efficient to do so. For the next 3months, if there is any significant weakness, a buy on this stock will be appropriate for those who wanna ride the cyclical trend. This stock is still trading below ipo price with attractive gross profit margin. Vested. Happy trading |
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Nostradamus
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27-Apr-2006 11:32
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STX issued profit warning for upcoming 1Q06 results, citing combination of increase in vessel supply, significantly higher bunker prices and declining freight rates. CourageMar will be affected by the same problems. Its price will drop, just like STX. |
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Stockking
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27-Apr-2006 08:26
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InvesToMan, STX just released earning warning. U take care. |
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InvesToMan
Member |
15-Apr-2006 01:55
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You make a point here too but what I am trying to preach is that this is a company with good fundamentals. Lower operating costs because the fleet are made of 2nd hand vessels which doesn't require huge capital. Marine companies tend to follow cyclical trends sometimes. Thus, I believe we need to be more cautious in the area of analysing such company. Though the 1Q06 could be weaker but I am optimistic about this share because I feel that it is a fairly priced stock. Its debt is extremely low with only 7million for its current liabilities. Do not look at the short term, look at the long term and you will see how courage marine will transform coal into money in your pockets. Cheers |
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Stockking
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15-Apr-2006 00:06
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Hello InvesToman and ravi00, This stock wouldn't go far. The BDI index is still weak. The Q1 result will be out very soon, I believe earning will be very weak compare to last year and that may cause a correction in the share price. |
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InvesToMan
Member |
14-Apr-2006 15:44
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I 2nd yr thoughts on Courage Marine. Looking at the line chart, it has juz cross the 14days moving average with volume around 19k.I can see there is a hugh interest in this stock from the public though there is some resistance in this stock on Thursday. Techinically I think Courage Marine is trying to break new high and the market is trying to test this stock. Fundamentally, coal is indeed e way to go besides natural gas and oil. ravi00 I think you should take yr cue from the Dry Baltic Index on the bulk carrier freight rates or maybe you can look at STX Pan Ocean. Best is to seperate Courage Marine from other shipping stocks because it is in a different niche market. Enjoy yr trading. A courageous play really! |
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ravi00
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14-Apr-2006 12:56
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Been looking at this stock for some time too. Its main revenue source is from shipping coal, not very sexy but still big biz in Asia, where coal is widely used to generate power. And China is the largest coal exporter with huge coal reserves, and that's where Courage's market is. I think this stock will be a good buy over the next 2-3 yrs (my view only). PE of 5 is low. Think some shipping stock's PE is more than 10. |
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InvesToMan
Member |
13-Apr-2006 16:25
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I believe it is just starting to break the new high. Well from the volume, we can see there is slight resistance for this stock. Well I believe if there is continued buying pressure on this stock, it will break the current pivot point and chiong ba. Now the market is still testing water. Hope everything bodes well for this stock. If cannot still can take the dividend and run away with it after that. Lol |
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InvesToMan
Member |
13-Apr-2006 16:23
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I believe it is just starting to break the new high. Well from the volume, we can see there is slight resistance for this stock. Well I believe if there is continued buying pressure on this stock, it will break the current pivot point and chiong ba. Now the market is still testing water. Hope everything bodes well for this stock. If cannot still can take the dividend and run away with it after that. Lol |
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singaporegal
Supreme |
13-Apr-2006 16:16
Yells: "Female TA nut" |
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PE ratio is definitely low. But the price is now overbought. This stock might be uptrending but the indicators not very stable. |
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InvesToMan
Member |
13-Apr-2006 15:36
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I have been noticing this stock for quite some time. It has been trading at a low 0.15 to 0.18 due to Dry Baltic Index trading at a low of 2000. Today the stock has risen to a high of 0.21. I believe it is still trading at fair value below ipo price of 0.22. Moreover, the proposed dividend of USD0.0132 which amounts to around SGD0.02 taking USD-SGD 1-1.60 into consideration. It has a PE of around 5 and attractive dividend yield of above 10. Based on historical profit margin of above 50percent and ROE of above 40percent as at 31-12-05. The fundamentals of this stock is going strong with total assets of usd 77 million vs total liabilities of 13 million. Currently, the trading volume is above 18k and I can see slight resistance in this stock with a slight buying pressure. I recommend a buy for this stock with a fair value of above 0.24 for a 1month period barring any unforeseen circumstances. |
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