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RickmersMaritime   

Container ships charterer with 170+ years history

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freeme
    30-Jul-2009 23:14  
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haha maybe.. given tat rights are so well receive now adays.. rowleys 1 day up 40%.. scarli rickmers annouces rights den fly to $1.. nv know

matthewsoh      ( Date: 30-Jul-2009 22:13) Posted:



refinancing loan next year is 120 million. If clear ... will have no loan worries until 8 years time. Haha.. if they kept 20 million every q... 

erm ... it is self financed already what ... haha ..

The easiest way is to give rights and raise money !!! haha ... then shiok....... like for every 10 shares , you get 5 shares at 30 cents ..  then funds are raised. BTW the current price at .57 is also far away from the NAV of 0.8 so dilution may not matter any how ..

I dont know .. i am guessing only

But Rickmer is the fierciest among the three shipping trusts very dynamic type and btw The shipping trus in SGX  only hold about 30% of the entire thing so we are the small small fry ba....

 
 
matthewsoh
    30-Jul-2009 22:13  
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refinancing loan next year is 120 million. If clear ... will have no loan worries until 8 years time. Haha.. if they kept 20 million every q... 

erm ... it is self financed already what ... haha ..

The easiest way is to give rights and raise money !!! haha ... then shiok....... like for every 10 shares , you get 5 shares at 30 cents ..  then funds are raised. BTW the current price at .57 is also far away from the NAV of 0.8 so dilution may not matter any how ..

I dont know .. i am guessing only

But Rickmer is the fierciest among the three shipping trusts very dynamic type and btw The shipping trus in SGX  only hold about 30% of the entire thing so we are the small small fry ba....
 
 
lawcheemeng
    30-Jul-2009 22:06  
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they have few billion worth of shipping contracts in hands right! for the next 5 to 10 yrs, of course no body can guess wat might happen. that the cal. risk got to take . bank will give loan, only on wat terms.  any way the D. is only a few day away.he he we shall see. he he.!

freeme      ( Date: 30-Jul-2009 20:55) Posted:

seriously by cutting DPU also wouldnt help in financing the vessels.. they need to find other ways.. 

anselmang      ( Date: 30-Jul-2009 18:08) Posted:

w/o any sign of how they are going to finance the XXX millions that are due nxt yr, i don't see how they are willingly to increase DPU. Very likely same as 1Q, n nxt Q onwards, likely to cut DPU just like d other 2 shipping trust unless they got some means to pay the debts.



 

 
matthewsoh
    30-Jul-2009 21:36  
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Probably give some bonus in terms of shares or do rights or sell ships or borrow from banks. I only know most of the reits and shipping trusts are having this issue during bad times. Probably banks are not willing to refinancing them with depreciated assets on hands ,however the play of faith and trust during these transition period may help them to secure fund from banks. Refinancing is a problem in everywhere but most importantly , this coy is carrying cash around now. 

Probably doing the "rights"things maybe good? any comment?
 
 
freeme
    30-Jul-2009 20:55  
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seriously by cutting DPU also wouldnt help in financing the vessels.. they need to find other ways.. 

anselmang      ( Date: 30-Jul-2009 18:08) Posted:

w/o any sign of how they are going to finance the XXX millions that are due nxt yr, i don't see how they are willingly to increase DPU. Very likely same as 1Q, n nxt Q onwards, likely to cut DPU just like d other 2 shipping trust unless they got some means to pay the debts.



lawcheemeng      ( Date: 30-Jul-2009 11:49) Posted:

agreed withyou too. and see fsl price to drop alittle more. i move off  from fsl after XD. got some more of rickmer. very soon the D. expecting a better D than last QTR.


 
 
anselmang
    30-Jul-2009 18:08  
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w/o any sign of how they are going to finance the XXX millions that are due nxt yr, i don't see how they are willingly to increase DPU. Very likely same as 1Q, n nxt Q onwards, likely to cut DPU just like d other 2 shipping trust unless they got some means to pay the debts.



lawcheemeng      ( Date: 30-Jul-2009 11:49) Posted:

agreed withyou too. and see fsl price to drop alittle more. i move off  from fsl after XD. got some more of rickmer. very soon the D. expecting a better D than last QTR.


matthewsoh      ( Date: 30-Jul-2009 11:10) Posted:



Resistance to correction when CD is coming..  rickmer coming to join FSL pricing soon . Hope to see 60 cents by end of week. Low volume but powerful increment. Reason : people want the CD and only willing to sell at a higer price.

Of course i will not let go my golden hen  and will get golden eggs soooon :)


 

 
lawcheemeng
    30-Jul-2009 11:49  
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agreed withyou too. and see fsl price to drop alittle more. i move off  from fsl after XD. got some more of rickmer. very soon the D. expecting a better D than last QTR.


matthewsoh      ( Date: 30-Jul-2009 11:10) Posted:



Resistance to correction when CD is coming..  rickmer coming to join FSL pricing soon . Hope to see 60 cents by end of week. Low volume but powerful increment. Reason : people want the CD and only willing to sell at a higer price.

Of course i will not let go my golden hen  and will get golden eggs soooon :)

 
 
matthewsoh
    30-Jul-2009 11:10  
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Resistance to correction when CD is coming..  rickmer coming to join FSL pricing soon . Hope to see 60 cents by end of week. Low volume but powerful increment. Reason : people want the CD and only willing to sell at a higer price.

Of course i will not let go my golden hen  and will get golden eggs soooon :)
 
 
matthewsoh
    29-Jul-2009 23:06  
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maybe rickmer will be one of the few stocks that can resist correction during the next few days ... CD is coming .. Correction is coming so should be fun ... i want my bonus !! haahaa.

Rickmer all time high was 1.72 and just before the golden period , then crisis come .. and drop to 33cent now 55 cents so will stick to my plan 100 lots and then 200 lots ad then so become SSH :)

Every year collect CD annual 40K  ---- great life :)
 
 
freeme
    29-Jul-2009 00:15  
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I think he assume la.. 2.14US cts convert is about 3SG cts.. More or less I tink we will get it. The more interesting part will be q3 DPU.. going forward if DPU can maintain then i think will be a big plus to all unitholders and will also spur in buying interest of this counter. While all other Shipping Trust is in sleeping mode, Rickmers is still expanding its fleets.. Which i tink is positive.. ;)


matthewsoh      ( Date: 29-Jul-2009 00:02) Posted:

Yup si bei song when i saw ... my heart skip a bit ... now i sibei TL now hahaha

dealer0168      ( Date: 28-Jul-2009 22:55) Posted:

But his 3 cents make lots of investor feel song-song....haha.

Maybe he got internal source. I also make a check at SGX, no news at all leh.

Rutheone1905, don't smoke us leh...haha



 

 
matthewsoh
    29-Jul-2009 00:02  
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Yup si bei song when i saw ... my heart skip a bit ... now i sibei TL now hahaha

dealer0168      ( Date: 28-Jul-2009 22:55) Posted:

But his 3 cents make lots of investor feel song-song....haha.

Maybe he got internal source. I also make a check at SGX, no news at all leh.

Rutheone1905, don't smoke us leh...haha



matthewsoh      ( Date: 28-Jul-2009 22:51) Posted:

reliable or not ... ? If not sgx investigate your intention then good luck to you :


 
 
matthewsoh
    28-Jul-2009 22:55  
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hint hint ... ?

I hope the second tier stock like rickmer will fly sooooooooooooooooooooon . I hope nia :)

Long term should be nice .. hehe



freeme      ( Date: 28-Jul-2009 21:33) Posted:

Yea.. cant help for them to announce.. still hoping they can hit the recent high of 0.69..

Result getting nearer and nearer.. Scarli together with refinance surprise.. 



matthewsoh      ( Date: 28-Jul-2009 10:06) Posted:

when a CD announcenment comes , then the price will be good. but when the cd announcement, maybe too late to get a cheaper price.. but remember if the cd announcement is not so good , then the price wont move also .. so please take your calculated risk . I am all out buying mre :)


 
 
dealer0168
    28-Jul-2009 22:55  
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But his 3 cents make lots of investor feel song-song....haha.

Maybe he got internal source. I also make a check at SGX, no news at all leh.

Rutheone1905, don't smoke us leh...haha



matthewsoh      ( Date: 28-Jul-2009 22:51) Posted:

reliable or not ... ? If not sgx investigate your intention then good luck to you :)

rutheone1905      ( Date: 28-Jul-2009 13:11) Posted:

div = 3 cents


 
 
matthewsoh
    28-Jul-2009 22:51  
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reliable or not ... ? If not sgx investigate your intention then good luck to you :)

rutheone1905      ( Date: 28-Jul-2009 13:11) Posted:

div = 3 cents

 
 
freeme
    28-Jul-2009 21:33  
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Yea.. cant help for them to announce.. still hoping they can hit the recent high of 0.69..

Result getting nearer and nearer.. Scarli together with refinance surprise.. 



matthewsoh      ( Date: 28-Jul-2009 10:06) Posted:

when a CD announcenment comes , then the price will be good. but when the cd announcement, maybe too late to get a cheaper price.. but remember if the cd announcement is not so good , then the price wont move also .. so please take your calculated risk . I am all out buying mre :)

 

 
rutheone1905
    28-Jul-2009 13:11  
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div = 3 cents
 
 
matthewsoh
    28-Jul-2009 10:06  
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when a CD announcenment comes , then the price will be good. but when the cd announcement, maybe too late to get a cheaper price.. but remember if the cd announcement is not so good , then the price wont move also .. so please take your calculated risk . I am all out buying mre :)
 
 
dealer0168
    27-Jul-2009 09:35  
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Rickmer is performing not bad today....maybe got good news coming?
 
 
freeme
    26-Jul-2009 23:40  
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who cfm its gg to cut? report nt out yet..

iceman76sg      ( Date: 26-Jul-2009 23:19) Posted:

any advice on the stock now that DPU is going to cut....TP 0.39 leh. so low ah

 
 
iceman76sg
    26-Jul-2009 23:19  
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any advice on the stock now that DPU is going to cut....TP 0.39 leh. so low ah
 
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