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Watch out for this counter. Last 2 days strong volume compared to the earlier days. BDI is going up and up. The BB's will get active once again. Vested @ .14. Cheers
I believe this counter is the best among all the shipping stocks, since the downside is limited.
Correlation with Baltic Dry Index unjustified
Mercator’s share price should not be tracked by the BDI. About 70% of its revenue is sold forward in long-term contracts, thus limiting its exposure to the fluctuating freight rates. Its bunker fuel price increases are passed fully to the customers for long-term contracts. The market wrongly relates Mercator’s stock to the container shipping stocks that have a more significant correlation to BDI.
Source:KE
Half Year Financial Results Presentation Slides 23-Oct-2008 12:46:42
-->Increase in profits by 239% for the 1H FY 2009 in comparison to the 1HFY2008, despite the fall in BDI.
-->Consistently maintained the fleet capacity Utilization above 99% levels.
-->Strong contract coverage going forward, low freight rates to adversely affect the earnings of the un-contracted capacity.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A0D7E183DAF65B0B482574EB0019FCF6/$file/MercatorResultsPresentation.pdf?openelement
DBI keep dropping... now 2500 points... 5 years low is at 1800 points (shit, again 1800 points, not a good number)...
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
with the economic outlook slowndown for next year, the DBI will keep lingering at bottom... will suggest to wait to see a clear blue sky..
Still holding on to this ship for long term play.........
Hi All, Today DBS Vikers has a buy call with a TP of around 46.
Sorry guys the TP is .36cents.
Hi All, Today DBS Vikers has a buy call with a TP of around 46.
BDI turning corner. First time moving skywards after so many trading days.
Correlation with Baltic Dry Index unjustified
Mercator’s share price should not be tracked by the BDI. About 70% of its revenue is sold forward in long-term contracts, thus limiting its exposure to the fluctuating freight rates. Its bunker fuel price increases are passed fully to the customers for long-term contracts. The market wrongly relates Mercator’s stock to the container shipping stocks that have a more significant correlation to BDI.
Source:KE
Hey man, welcome on board again !!!
s5504703 ( Date: 10-Aug-2008 21:12) Posted:
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08 August 2008
Baltic Dry Index (BDI) -320 7201
Baltic Dry Index (BDI) -320 7201
Oopps.. sorry... correction here..
CO down, shipping companies should be up coz cost down.
But gloomy economy outlook dampens shipping's demand, so...
CO up, shipping companies should be up coz cost down.
But gloomy economy outlook dampens shipping's demand, so...
BDI 8,100 -109
oil drop, this burger should up... why stagnent there...? any idea ?
with the surge up of fuel price, might dilute its earning...
wait for 38.5 cents....many shares have 100% when the good time comes
42cents a good price to enter?
Mercator share price very low now. Good to accumulate and wait for the good time to come. Upside potential of 100% that would double your investment.
Have fun !
Deutsche Bank, only broker to actively follow stock, has Buy rating with $0.65 target price; house recently noted, market under-appreciates company's earnings growth potential; "demand from customers continues to be strong, which gels with management's expectations of India more than tripling coal imports by 2012." Analyst could not be reached for comment today.