Mercator Lines   

Mercator Lines

Confirmed not 0.94. My friend still holding the IPO shares.

I applied, never kena, bought at 0.7, profited few days later, then bought again at 0.585, stucked till now. Waiting for chances to sell now.

simo7474      ( Date: 14-May-2008 23:30) Posted: If I am not mistaken IPO px was 0.94.  But IPO at wrong time (period when subprime woes was at peak).  Fell to 0.6 the very next day.  Pls see link below.http://extraordinaryprofits.blogspot.com/2007/12/mercator-lines-ipo.html

 

0.76

graceorchard      ( Date: 14-May-2008 22:59) Posted: Can anyone advise me what was the IPO price. Thanks

 

If I am not mistaken IPO px was 0.94.  But IPO at wrong time (period when subprime woes was at peak).  Fell to 0.6 the very next day.  Pls see link below.http://extraordinaryprofits.blogspot.com/2007/12/mercator-lines-ipo.html

 

I was there staring at the numbers keep going up and up. Very heart throbbing. Courted 30 lots at 0.465 but hand jittered. Sold at 0.47. Went up to 0.50 then heart pain ah. But anyway tomorrow coffee money liao.

 

Can anyone advise me what was the IPO price. Thanks

 

yes simo7474, it is really rare that two players are fighting each other, normally they will act in same direction, either throw or collect up. Since the "war" start this afternoon, my brooker call me immediately already. but too bad i did not buy, i just stay aside, as you wont know who is the winner...haha.. cheers...

 

aleoleo,

 I suspect so too but it's a little too coincidental for both parties to 'act' in the very last hour of trade when it was quiet for most of the day.  Normally, if such a case were to happen I would think that we will see large volume transactions at various points within the day. Lacking more info, it seems to me like someone is propping up the price deliberately.  Of course this is based on memory as I am unable to retrieve the intraday trades right now.

 Still, at the best to those making $$$ on this counter and hopefully more will come and quickly.

 

 

Big players (big funds) are playing for this counter !! They are "fighting" on this counter, one sell down the other one buy up !! Dunno when this

"war" will start again and when will it end ... or already end ?? who knows.??...hopefully not... then we can swim along the stream and catch some

fishes... haha..

 

Might have to watch this counter carefully.  If I am not mistaken there was a sudden surge in volume (about 8-fold) at about 4pm today and then another 3-fold by 5pm, i.e, volume jumped almost 24x in the last hour.  Not sure yet what this means particularly since I can't find any announcements today that could cause such a surge.  Anyone with insights?

 

Mercator is cool. 0.50 today! Hopefully can see 0.60 soon and I can recover all my money!

 

14 May 2008

Baltic Dry Index (BDI)  +295  10649

No wonder STX PO, NOL and Mercator Cheong.... 

 

13 May 2008

Baltic Dry Index (BDI)  +134  10354

 

CHIONG AR!!!!!! never tired chiong for this bugger..

jackjames      ( Date: 08-May-2008 09:20) Posted: sweet sails............................... jackjames      ( Date: 23-Apr-2008 08:54) Posted: This company has huge potential, do not underestimate it !

 

Mercator Lines (S) Ltd wants to raise more debt to fund an aggressive fleet expansion plan, but at the same time maintain a high cash flow to pay its shareholders well.

The Indian-owned firm, which has bought 2 ships since the Dec '07 listing, plans to spend about US$240 million to buy 4 more ships in financial year ending Mar '09 and might spend a similar amount the year after.

To fund the expansion the company, which has shareholder's equity of about US$259 million, would take its debt-to-equity ratio of 1.2x to around 2x, CEO, Shalabh Mittal, told Reuters in an interview on Frid.

He said the company now owns 7 vessels and plans to keep about 70% of its fleet on longer-term fixed-rate contracts and the rest on the spot market.

Despite the aggressive expansion plan, Mittal said he would still want to maintain a payout ratio of 18%, announced to be paid as cash dividend earlier this week when the company reported a 4-fold rise in annual net profit.

"We are a company focused on good returns to our shareholders," said Mittal, son of Harish Mittal who is the Chairman of the company's Indian parent Mercator Lines Ltd , which owns 70% of the Singapore-listed firm.

 

09 May 2008

Baltic Dry Index (BDI)  +16  10237

Looking at a bigger and further picture, from what I presumed based on my own research, Mercator's next quarter results from Apr08-Jun08 should remain bullish due to the high BDI as well as the 2 veesels it's going to take over soon. Highly probability that its next quarter profit will be higher than the current quarter since mostly mid year is the peak for most shipping lines. (Impt notes: This is only my own presumption, not inducing people to buy). Hoping it to give out dividends for the subsequent quarters as well.  Cheers. 

Mercator could be the next STX PO...hahaha...just kidding. Hold for long term.


 

 

Mercator Lines posted a four-fold increase in full-year net profit to US$52.2m, on a 72% jump in revenue to US$146.2m. Mercator's steadily growing fleet and the buoyant dry bulk market were the main factors in the good performance for the year ended Mar 31, 2008, Mercator said 7/5.

The company's performance within the market was also good, with a 99% fleet utilisation rate. This was attributed to a young and modern fleet well-suited to its major markets. In addition, revenue was driven by significant improvements in vessel day rates and total operating days. The time charter equivalent (TCE) rate per vessel per day increased 55% to US$37,440, from US$24,138 the year before. Mercator's vessel operating days increased 23% to 3,507, from 2,848 days the year before.

Mercator also showed a strong balance sheet with strong cash flow. The group had US$186.3m in cash and cash equivalents at year-end. As a result of its IPO last year, Mercator brought its debt to equity ratio down to 1.2x from 6.2x. This puts the group in a good position for expansion, said general manager for finance Paritosh Kakkad.

 

08 May 2008

Baltic Dry Index (BDI)  +117  10221

 

This dude deserve to at least go back to IPO price.. Cheers..

 

sweet sails...............................

jackjames      ( Date: 23-Apr-2008 08:54) Posted: This company has huge potential, do not underestimate it !

 

07 May 2008

Baltic Dry Index (BDI)  +249  10104

 

Bravo.....expect this babe to fly.....