Post Reply
61-80 of 137
Volume picking up..... :)
SmallSmall ( Date: 26-Nov-2024 08:50) Posted:
|
Today Ex-all cash distribution of $0.306.
Don' t be a sotong anyhow buy at high price.
Theoretical Ex price should be $0.36-$0.306 = $0.054
DYODD
Don' t be a sotong anyhow buy at high price.
Theoretical Ex price should be $0.36-$0.306 = $0.054
DYODD
Normally when there is a major disposal of business and cash distribution to shareholders, the price jumped after the deal was confirmed and cash was received. Example is Chasen. Could this one be an exception?
SmallSmall ( Date: 20-Nov-2024 19:03) Posted:
|
Because traders won' t buy now. If they buy now and contra after ex-date they will suffer a contraction loss of $0.30.
If you are trading you will prefer to buy after ex-date.
But if you have the financial muscles to pick up the shares, then buy on weakness loh.
If you are trading you will prefer to buy after ex-date.
But if you have the financial muscles to pick up the shares, then buy on weakness loh.
ysh2006 ( Date: 20-Nov-2024 16:28) Posted:
|
Now got doubts whether announced the info are correct ? Market seem muted leh..
SmallSmall ( Date: 11-Nov-2024 17:10) Posted:
|
This counter why no body heed the special div and cash distribution ?
minichart ( Date: 20-Nov-2024 09:17) Posted:
|
Atlantic Navigation Announces Record Date for $120 Million Cash Distribution to Shareholders
Really switching out of their business. That is a massive amount of capital return.
Most companies will just fold up after that. What will this do?
Most companies will just fold up after that. What will this do?
ysh2006 ( Date: 20-Nov-2024 05:29) Posted:
|
Announcement come give capital reduction money $0.158 and special div $0.148 to be paid by 5 Dec
What am I buying?
Light assets??
Light assets??
After sold asset give 30c to shareholders and continue listing become asset light already !
MrBear12 ( Date: 13-Nov-2024 06:37) Posted:
|
The result is good. If they kept going on like this, company shld do well. But they choose to sell their assets. Ah well, take advantage of good market conditions to sell their fleet.
Atlantic Navigation&rsquo s NPAT up 84.8% y-o-y at US$8.9 mil in 3QFY2024
Atlantic Navigation Holdings reported net profit after tax (NPAT) of US$8.9 million ($11.9 million) for the 3QFY2024 ended September, up 84.8% y-o-y.
For 9MFY2024, net profit for the group stood at US$30.5 million, up from US$15.3 million in 9MFY2023. Earnings per share stood at 5.82 US cents, up from 2.92 US cents in the same period last year.
Revenue for 3QFY2024 saw a 23.4% y-o-y increase to US$28.4 million due to an elevated utilisation rate of the group&rsquo s owned fleet of vessels at 92.4% for the period. In addition, revenue growth was new vessels in fleet, general increase in daily charter rates as well as contributions from cross charters, says the group.
Gross profit stood at US$13.1 million for 3QFY2024, up by 63.3% y-o-y, while gross profit margin came in at 46.2%.
As at Sept 30, the group&rsquo s net assets came in at US$130.2 million, while net asset value (NAV) per share increased to 24.86 US cents from 23.17 US cents as at June 30.
That said, the group&rsquo s NAV per share does not take into account its proposed disposal of 20 vessels from its fleet, which was expected to enhance the NAV per share to 28.65 US cents, according to a Sept 13 announcement.
Bill Wong, executive director and CEO, says: &ldquo As the Group evolves to being in the interim a predominantly a ship manager including the management of the fleet of 20 vessels sold to MAG Offshore in relation to their existing respective charter party contracts, we will continue to leverage on our strengths as a reputable ship operator with an entrenched position in the Middle East to secure new contracts with potential acquisition of strategic assets and utilisation of assets from 3rd party owners. In this regard, we remain vigilant to evolving opportunities while mitigating our exposure to any adverse changes to the macro-economic environment including the potential slowdown in the global economy as well as the heightened uncertainties arising from the conflict in the Middle East.&rdquo
I never have doubts in the first place as the money has already been received by the company.
ysh2006 ( Date: 11-Nov-2024 15:49) Posted:
|
At last this company heed to our message ...
The Directors of thos company like the movie dead man walking.
ysh2006 ( Date: 08-Nov-2024 16:36) Posted:
|
Still nobody heed this company market always correct or something wrong th it that we don't know ?
A Shareholder raised a question regarding the Company&rsquo s future revenue generation plans and inquired whether it might transition into a shell company following the Proposed Disposal.
Company&rsquo s response
Mr Wong Siew Cheong, the Executive Director and Chief Executive Officer (the &ldquo CEO&rdquo ) responded that this is a good opportunity for the Company to offload the fleet, given that the market is at an all-time high and the uncertainties arising from the Middle East and the Ukraine/Russia conflict may adversely affect the Company&rsquo s operation if it spills over to the Gulf where the Company&rsquo s operation is mainly focused. Through the proposed transactions, the Company aims to deliver value to the Shareholders while still operating the vessels under ship management contracts and maintaining its relevance in the market. This enables the Company to keep a vigilant watch over the geopolitical situation in the region and identify any future opportunities to reinvest and generate profits during favourable market conditions.
Same EGM
Following the completion of the proposed fleet disposal, the Group will continue to manage the fleet of 20 vessels sold to the Buyer in relation to their existing respective charterparty contracts. Moving forward, the Group will focus on ship management services as complemented by its Ship Repair and Maintenance Division, thereby retaining the Group&rsquo s valuable human resources.
Company&rsquo s response
Mr Wong Siew Cheong, the Executive Director and Chief Executive Officer (the &ldquo CEO&rdquo ) responded that this is a good opportunity for the Company to offload the fleet, given that the market is at an all-time high and the uncertainties arising from the Middle East and the Ukraine/Russia conflict may adversely affect the Company&rsquo s operation if it spills over to the Gulf where the Company&rsquo s operation is mainly focused. Through the proposed transactions, the Company aims to deliver value to the Shareholders while still operating the vessels under ship management contracts and maintaining its relevance in the market. This enables the Company to keep a vigilant watch over the geopolitical situation in the region and identify any future opportunities to reinvest and generate profits during favourable market conditions.
Same EGM
Following the completion of the proposed fleet disposal, the Group will continue to manage the fleet of 20 vessels sold to the Buyer in relation to their existing respective charterparty contracts. Moving forward, the Group will focus on ship management services as complemented by its Ship Repair and Maintenance Division, thereby retaining the Group&rsquo s valuable human resources.
ysh2006 ( Date: 05-Nov-2024 20:03) Posted:
|
This company issued their Egm minutes of meeting last month seem good news for the shareholders..
MrBear12 ( Date: 04-Nov-2024 17:01) Posted:
|
Listen to more people and not just one reporter. Some like to set up shop anywhere. Some like to hibernate after eating salmon. Maybe get more advice from industry watchers. But above all, common sense prevails.
all the best yhs06
all the best yhs06