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dbs gives a sell call on this counter, with target price of $0.26
what do you think will this happend
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Shipping industry is booming as China trade increase thru more stimulus packages. This counter will run up with the likes of Cosco, etc.
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NOL is running, BDI consolidate and up +14, this stock must run ... i've been waiting for so long.... come on
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i think this is really a laggard stock loh, moreover BDI is in consolidation stage now, will rise up very soon.... i believe ..... vested ...
quite a number of deal done at 0.355 - 0.36 since last week
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Mercator lines are controlled more than 70% by its parent company mercator international. Its share price is only $0.36 here in singapore. It gives dividends very well yearly. around 3% yield. Its parents company is trading at 55 rupees in Sensex in india. that is $1.60 singapore dollars. maybe someone will see its value one day. IPO price is around $0.70
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breakout point for this is 0.375 - 0.38 , if manage to break today it will fly soon
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yes.. hope rerating will let this cheong more.. still holding ;)
smilingchuan ( Date: 03-Sep-2009 11:45) Posted:
Wow.mercator has been a fairly quiet counter for the past 1 month. Finally bounce back into life.
Looking at their customer base which are all blue chips like tata and contract stretch as long as 3 years. it seemed relatively stable.
cheers to those holding on to it. IPO at $0.70.
Recent Target price is $0.42. Personally i think it will hit $0.45 |
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Wow.mercator has been a fairly quiet counter for the past 1 month. Finally bounce back into life.
Looking at their customer base which are all blue chips like tata and contract stretch as long as 3 years. it seemed relatively stable.
cheers to those holding on to it. IPO at $0.70.
Recent Target price is $0.42. Personally i think it will hit $0.45
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Mercator Lines Singapore Ltd.
The Indian shipping company that transports coal and crude oil said net
income in the first quarter ended June 30 slumped 57 percent as
bulk shipping rates tumbled.
The Baltic Dry Index, which
measures the cost of shipping commodities, fell 61 percent over
the year to June 30. Mercator Lines slid 1.3 percent to 38
Singapore cents.
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| Mercator posts net profit of US$10m for 1Q10 |
| WRITTEN BY THE EDGE SINGAPORE | | WEDNESDAY, 29 JULY 2009 19:34 | Mercator Lines (Singapore), the dry bulk shipper which focuses on India and China, has announced a net profit of US$10.02 million ($14.46 million) for the first quarter ended June 30, 2009 (1QFY2010). This represents a decline of about 57% compared to US$23.24 million for the corresponding period in FY09. The group says revenue for 1Q10 declined 31% to US$35.5 million from US$51.7 million in 1Q09. The drop in revenue and net profit is largely due to the decline in spot market day rates and renewal of long-term contracts at rates lower than the previous rates. EBITDA excluding exceptional items for the quarter dropped 35% to US$20.3 million.
The Time Charter Equivalent (TCE) rate per vessel per day decreased to US$29,258 for Q1FY2010 down by 41% from US$ 49,894 in the previous corresponding period.
Total number of vessel operating days recorded a rise of 9.8% to 1,097 days in comparison to 999 days in 1Q09.
The bulk shipper says it continued to maintain a healthy balance sheet with cash and bank balances of US$12.6 million as on June 30 while growing its operating cash flows at US$22.1 million.
During this quarter, the group invested US$40.7 million towards purchase of a Geared Panamax vessel, Kalpana Prem, and funded its Very Large Ore Carrier (VLOC) through internal accrued cash.
The group says it has no further capital commitments at this point of time. Mercator’s debt equity ratio was 0.75 on June 30 compared to 0.79 on March 31.
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BDI is increasing, maybe those shipping stock will move up soon
| Value3,407.00 |
Change62.000 |
% Change1.854 |
High3,407.00 |
Low3,407.00 |
Open3,407.00 |
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TP 0.22 sell by dbs vicker.
bh704428 ( Date: 16-Jul-2009 12:54) Posted:
| btw, just for casual reference, is there any price target by analyts for mercator? |
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btw, just for casual reference, is there any price target by analyts for mercator?
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Anyone can advise what is going on for this counter?
Keep dipping...
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hi...any experts here can comment on impact of dividend reinvetment scheme by Mercator ? impact on existing share price how?
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This baby very dependant on BDI index, becareful.
THE BDI, at 3646 as at 8 Jun, is up fourfold since Jan this year . A correction may come soon.
Trade with care.
cheongwee ( Date: 07-Jun-2009 17:36) Posted:
I thk the rally, will end in early July or mid july lastest...just JMO...DYODD
upnowhere ( Date: 07-Jun-2009 14:50) Posted:
ya.. i guess u r right.. but can i said that it still too early to take profit  ?? |
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Hi expert out there.. Could like to ask what is dividend reinvesment scheme? will it affect the company share prices???
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I thk the rally, will end in early July or mid july lastest...just JMO...DYODD
upnowhere ( Date: 07-Jun-2009 14:50) Posted:
ya.. i guess u r right.. but can i said that it still too early to take profit ?? |
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Take profit gradually in case somethings may happen on the way , if the price going either way , u still hold somethings or sold somethings .
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ya.. i guess u r right.. but can i said that it still too early to take profit ??
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