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3661-3680 of 4826
one of the very good laggards left
if you can wait long, this one will be multi bagger ...............
Bulk carrier rates on the up trend soon will to lift this stock.
Gd time to accumulate to ride into the recovery in 2010...
I think it's reversing eversince breakup to $1.59 on 18 Dec. Seems to be accumulating, strong support at $1.57 for consecutive 4 days. If able to break $1.60 should be explosive. Let's monitor.
Winds of change coming. Market will consolidate first as selling needs to be reversed. Not just for shipping. All counters should turn better soon.
today strait time paper said that the November export surge by 8.7% based on Year to year comparison. It might help to up most of the shipping counter . .
Tempting to buy to long it lo... but scare will become another Chartered...every year red red!
Laulan ( Date: 18-Dec-2009 09:33) Posted:
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All shipping stocks internationally dropping like mad. Everywhere in global markets, you see shipping stocks strewn on the ground.
des_khor ( Date: 18-Dec-2009 09:21) Posted:
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NOL hero man... later become zero...
Shipping trust has fueled their growth with debts rather than retained earnings or equity which is the norm in a shipping company. Most of their balance sheets are rotting away. They are currently supported by the leasing rates which were made prior the crisis. Once this rates expire, their profit will plunged.
What about shipping trust such as first ship lease. How would they perform once shipping recovery takes shape. If one wants to have exposure to shipping sector. Which sector to go into, shipping stocks or shipping trust.
grandmaster89 ( Date: 12-Dec-2009 22:01) Posted:
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Shipping is the only true cyclical play left in SGX. I am bullish about shipping - predict recovery within the next 3-5 years once the demand has returned and over-capacity of ships has been sorted out.
Btw to conclude, the recent recovery seen in Singapore looks quite positive for NOL.
Anyway let monitor n see how things goes.
Cheers.
Emm I think likewise. As long as economy start to pick up, NOL (container shipping) will recover n pick up first.
Shipping stocks will recover. Currently it is the sole lagging sector in the stock market as it has barely reached bottom. Dry bulk shipping will recover first then container shipping. Once companies like Mercator and STX PO starts to see profit growth, NOL will be profitable again.
Not yet vested in NOL. Only vested in dry bulk counter currently
Its time will come, need to be patience fr this one.
When it recover, above $2 is not a problem also.
Cheers.
soloman ( Date: 12-Dec-2009 19:53) Posted:
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THIS STOCK SEEMS TO GO DOWNTREND FROM$1.98 TO $1.51
THE SLIDE IS STILL GOING ON ............................
WONDER WHY ?????????????????????
IS IT JUST PROFIT FORECAST BAD ??????????????????????????
Both are good. Should invest in both.
If there is any recovery for the shipping industry in the next 2 years, it should be the bulk carriers making a comeback 1st, moving raw material in bulk form for the production of final goods.
Ooo, guess u vested alot in dry bulk shipping counter. Anyway, NOL should be on way to recover as i mentioned in previous forum.
Hope im right. So is citigp. Cheers.
grandmaster89 ( Date: 11-Dec-2009 22:49) Posted:
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