tag:blogger.com,1999:blog-7944902213075756335.post9123822338722390831..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Courage Marine: Chance to cut loss.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7944902213075756335.post-33797215998210434312014-11-14T09:26:30.698+08:002014-11-14T09:26:30.698+08:00Hi Ray,
Courage Marine was a good example of a va...Hi Ray,<br /><br />Courage Marine was a good example of a value trap and I was fortunate to cut my long position when I did back then.<br /><br />The cyclical downturn has to run its course. The upturn will come back but when is it going to happen is anyone's guess.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37844804100454462422014-11-14T08:25:13.446+08:002014-11-14T08:25:13.446+08:00i think the entire shipping industry is pretty bad...i think the entire shipping industry is pretty bad. NOL is at its lowest in 10 years i think.Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6541984941483419092014-11-14T08:07:29.065+08:002014-11-14T08:07:29.065+08:00Courage Marine fell deeper into the red in 3Q2014 ...<i>Courage Marine fell deeper into the red in 3Q2014 as revenue tumbled on weak demand for dry-bulk shipping services.<br /><br />The bulk carrier incurred a net loss of US$2.3 million ($2.9 million) in the September quarter, more than the US$616,000 loss a year earlier.<br /><br />Revenue fell 48% to US$2.6 million.<br /><br />For the first nine months of 2014, Courage Marine suffered a net lossAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27432191292079505322012-02-10T09:33:56.644+08:002012-02-10T09:33:56.644+08:00Hi Serendib,
Thank you for sharing your insights....Hi Serendib,<br /><br />Thank you for sharing your insights. Another vote for selling into the rally? ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12287026906789263352012-02-08T00:23:59.481+08:002012-02-08T00:23:59.481+08:00Hi all,
I used to work in ship finance. The dry bu...Hi all,<br />I used to work in ship finance. The dry bulk market is experiencing a perfect storm. Not only is there lots of new tonnage coming into the market thanks to the Chinese govt propping up their yards (they bailed out orders which the original owners walked away from), but the demand side is terrible too due to the heavy rain/floods in Aus and Brazil causing mines to shut. Rates should Serendibhttps://www.blogger.com/profile/13279004588040425703noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32226198352907779032012-02-06T13:31:51.097+08:002012-02-06T13:31:51.097+08:00Hi Ray,
We are seeing a broad market rally now. S...Hi Ray,<br /><br />We are seeing a broad market rally now. So, I am not so convinced that investors are sanguine about the prospects of NOL. A rising tide simply lifts all boats. Pardon the pun. ;p<br /><br />Of course, if NOL et al are able to curtail capacity in light of more anaemic demand, it could do their bottom lines some good. How would things turn out is still anyone's guess.<br /><AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53370736539955864682012-02-06T13:22:02.402+08:002012-02-06T13:22:02.402+08:00Hi Ray,
Thanks for the link. A simply written art...Hi Ray,<br /><br />Thanks for the link. A simply written article which anyone can understand. I like it. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89720081466384797602012-02-06T13:14:38.940+08:002012-02-06T13:14:38.940+08:00I used to work for NOL and I know for a fact, they...I used to work for NOL and I know for a fact, they try to work with competitors within the industry to raise freight rates. I used to hear from the mgt that even though volume are high, yet with the low rates, they are running losses. <br /><br />I believe shipping stocks are rising because investors are putting money there in anticipation that these stocks will climb like they did post 2009. Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80079403638285731932012-02-06T13:08:54.800+08:002012-02-06T13:08:54.800+08:00I read this article on the BDI and thought it may ...I read this article on the BDI and thought it may interests some readers here.<br /><br />http://www.businessinsider.com/the-truth-about-the-massive-plunge-in-the-baltic-dry-index-2012-1Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15438946158425662842012-02-04T09:23:51.392+08:002012-02-04T09:23:51.392+08:00Hi Jason,
It seems like we could be witnessing so...Hi Jason,<br /><br />It seems like we could be witnessing something cataclysmic in the not too distant future. Giving shipping stocks a wide berth till then. Thanks for sharing. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54740097020824355012012-02-04T01:42:07.094+08:002012-02-04T01:42:07.094+08:00I had the opportunity of reading one of the leadin...I had the opportunity of reading one of the leading shipping analyst companies in the industry reports - RS PLatou. It also noted the strange rise of shipping stocks vs falling BDI.It mentioned equity prices underestimate the "wrath" of falling asset valuations in this turbulent market.Once the shipping banks really call back their loans to recapitalise (due to Euro bond losses and the jasonhttps://www.blogger.com/profile/01520000867803681070noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62571260564203893182012-02-03T22:02:13.092+08:002012-02-03T22:02:13.092+08:00Hi spinfire,
If we look at the volume and value o...Hi spinfire,<br /><br />If we look at the volume and value of trade in the last three days, the pennies are forming the bulk of the trading volume as liquidity filters down from blue chips and second liners. Speculative activity could be peaking.<br /><br />I do not have the answer you seek. Let us see if anyone here has the answer. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61656445857688840182012-02-03T21:23:04.434+08:002012-02-03T21:23:04.434+08:00It's interesting to see the shipping stocks al...It's interesting to see the shipping stocks all moving up despite the BDI dropping rapidly.<br /><br />May I ask if in a market downturn, are shipping stocks the next to decline after the financials?spinfirehttps://www.blogger.com/profile/01753860886231818875noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38235398550111088212012-02-03T09:52:55.752+08:002012-02-03T09:52:55.752+08:00Hi Ray,
Cutting losses on rebounds, selling at re...Hi Ray,<br /><br />Cutting losses on rebounds, selling at resistance, is consistent with my style. Price could go higher (or not) but the important thing to me is to stick to what I know. I stray and I could fall into a shit hole. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26282313235987931012012-02-03T09:36:24.011+08:002012-02-03T09:36:24.011+08:00Congrats, CM is climbing back to $1, which IIRC is...Congrats, CM is climbing back to $1, which IIRC is the price you bought at. My observation of shipping companies is their P/L is lagging the economy. So even if economy recovers, their P/L wont recover as fast.Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.com