
Tempted to buy. Any advice?
my broker told me they might hv projects in pipeline, anybody can confirm or hv this news as well, this counter has been accumulating lately....something must be in hands to annce
The avg vol is quite high these few day, however it is not moving up. anybody have any view on this counter.
Daily Market: This page contains the latest Dry Bulk Shipping News
15 April 2008
Baltic Dry Index (BDI) -4 7957
Spot Rates
15 April 2008
Baltic Dry Index (BDI) -4 7957
Spot Rates
BCI |
(Cape index) |
BPI |
(Panamax index) |
BSI |
(Supramax index) | ||
INDEX |
11459 |
-128 |
8160 |
+81 |
4705 |
+20 | |
SPOT 4 TCE AVG | (USD) |
132517 |
-1364 |
65682 |
+651 |
49201 |
+216 |
YESTERDAY | (USD) |
133881 |
65031 |
48985 |
|||
YEAR AGO | (USD) |
91798 |
42496 |
38046 |
Quite high volume lately.....very unusual...can consider holding on since the BDI is expected to raise in the next few month normally May onwards.....vested.

11 April 2008
Baltic Dry Index (BDI) +66 7889http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND
At 0.28, its a very good price. Buy and hold.
what is happening to this counter, its sailing toward the seabed.

now it's moving in the rough sea andwill be smooth sailing after this wave of sell down,,,, let's see how it will sail towards north pole in the next half an hour... if it wun move towards .325 at least.. i will throw everything by today.. cheers

Wow... hardly see this kind of vol from mercator lines... should be a good sign of accumualting and the break out price is near... So wait for the ship to move fast.... cheers to all vested.
CHEERS

i think it is a good time to load up too... all the counters are shooting up , but this counter just started the journey...
No vested interest....
But I think ....its good timming to pick up....
Good Luck......Cheers....!!!!
This counter seems to be moving today and may break out soon. Any reason why?
'S' share did very well this week. Will it be the turn of 'I' share next week?
I just love shipping counter. They have so much upside potential!!!!! I have used up all my cash. Am only able to buy 10 lots of this counter. I hope my $$ will double 6 months down the road. At this price, it's still less than half the IPO price!
Won another chartering contract today.
IPO at 78 cents(lower end). Price seems attractive right now. For those with spare cash, buy and hold for 12-24 months. Vested.
19 March 2008
Baltic Dry Index (BDI) -92 7801
19 March 2008
Baltic Dry Index (BDI) -92 7801
Mercator rose to 0.535 today. Will be above 0.60 by 03/08.
14:52:42 | 0.510 | 213,000 | Buy Up |
14:52:17 | 0.505 | 234,000 | Buy Up |
14:51:52 | 0.500 | 153,000 | Buy Up |
Mercator lines profit soars 494%
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_25B4057F5E20D702482573ED003E1FBC/$file/News_release.pdf?openelement
Mercator Lines (S) rose after Deutsche Bank started coverage on the stock with a "buy" call.
"Mercator Lines distinguishes itself from other dry bulk shipping companies we cover due to its significant exposure to the Indian market and its aggressive growth targets," said Deutsche Bank analyst Joe Liew.
Liew, who issued a 12-month price target of $0.74 for the stock, said he expected continued strength in dry bulk rates for the next 18 months to drive Mercator's earnings per share up 147% in fiscal 2009 and 67% in fiscal 2010.