Atlantic Nav
Last:0.112
-
Low P/E, Low Float, High Net Profit Margin
Post Reply
81-100 of 137
The ST Indian reporter painted a good picture of this stock so maybe won't led us good way lah...
May not even be worth anything if their core business is sold off.
SmallSmall ( Date: 02-Nov-2024 18:11) Posted:
Question is would the company be only worth $0.05 after ex-all considering their business remains unchanged minus the assets.
MrBear12 ( Date: 02-Nov-2024 18:07) Posted:
After the proposed disposal, the Group will continue to provide shipmanagement services and will be predominantly an asset-light ship manager as opposed to being a shipowner and manager,? Atlantic Navigation said in a stock exchange filing.
From ship owner to ship manager. Looks good. At least on paper as many companies becoming asset light |
|
|
|
Question is would the company be only worth $0.05 after ex-all considering their business remains unchanged minus the assets.
MrBear12 ( Date: 02-Nov-2024 18:07) Posted:
After the proposed disposal, the Group will continue to provide shipmanagement services and will be predominantly an asset-light ship manager as opposed to being a shipowner and manager,? Atlantic Navigation said in a stock exchange filing.
From ship owner to ship manager. Looks good. At least on paper as many companies becoming asset light.
MrBear12 ( Date: 02-Nov-2024 17:38) Posted:
| When a company sells off such a large proportion of its assets and distributes the proceeds back to shareholders instead of reinvesting elsewhere, that is a sign to show it is winding up |
|
|
|
After the proposed disposal, the Group will continue to provide shipmanagement services and will be predominantly an asset-light ship manager as opposed to being a shipowner and manager,? Atlantic Navigation said in a stock exchange filing.
From ship owner to ship manager. Looks good. At least on paper as many companies becoming asset light.
MrBear12 ( Date: 02-Nov-2024 17:38) Posted:
When a company sells off such a large proportion of its assets and distributes the proceeds back to shareholders instead of reinvesting elsewhere, that is a sign to show it is winding up.
ysh2006 ( Date: 02-Nov-2024 16:34) Posted:
| Any reasons or rumours or signals signs that you make that comment ? can share share |
|
|
|
RTO or becomes white knight or privatise
MrBear12 ( Date: 02-Nov-2024 17:38) Posted:
When a company sells off such a large proportion of its assets and distributes the proceeds back to shareholders instead of reinvesting elsewhere, that is a sign to show it is winding up.
ysh2006 ( Date: 02-Nov-2024 16:34) Posted:
| Any reasons or rumours or signals signs that you make that comment ? can share share |
|
|
|
When a company sells off such a large proportion of its assets and distributes the proceeds back to shareholders instead of reinvesting elsewhere, that is a sign to show it is winding up.
ysh2006 ( Date: 02-Nov-2024 16:34) Posted:
Any reasons or rumours or signals signs that you make that comment ? can share share ?
MrBear12 ( Date: 02-Nov-2024 15:46) Posted:
| I think the company is winding u |
|
|
|
Any reasons or rumours or signals signs that you make that comment ? can share share ?
MrBear12 ( Date: 02-Nov-2024 15:46) Posted:
I think the company is winding up
ysh2006 ( Date: 02-Nov-2024 12:20) Posted:
| Can some forumers tell me why this company if want to distribute about 30c to public no body interested ? |
|
|
|
I think the company is winding up
ysh2006 ( Date: 02-Nov-2024 12:20) Posted:
| Can some forumers tell me why this company if want to distribute about 30c to public no body interested ? |
|
Based on my calculation, capital reduction will be after 24 November 2024 but special dividend can be earlier.
ysh2006 ( Date: 02-Nov-2024 12:55) Posted:
So likely distribution will be end of the year !
Thank you 😊
SmallSmall ( Date: 02-Nov-2024 12:50) Posted:
Because cum-dates not annouced yet?
They can actually distribute the special dvidend first followed by the Capital Reduction.
Capital Reduction need 6 weeks from date of EGM which was 7 October 2024 (but before end of 8 weeks) to be effective.
|
|
|
|
So likely distribution will be end of the year !
Thank you 😊
SmallSmall ( Date: 02-Nov-2024 12:50) Posted:
Because cum-dates not annouced yet?
They can actually distribute the special dvidend first followed by the Capital Reduction.
Capital Reduction need 6 weeks from date of EGM which was 7 October 2024 (but before end of 8 weeks) to be effective.
ysh2006 ( Date: 02-Nov-2024 12:20) Posted:
| Can some forumers tell me why this company if want to distribute about 30c to public no body interested ? |
|
|
|
Because cum-dates not annouced yet?
They can actually distribute the special dvidend first followed by the Capital Reduction.
Capital Reduction need 6 weeks from date of EGM which was 7 October 2024 (but before end of 8 weeks) to be effective.
ysh2006 ( Date: 02-Nov-2024 12:20) Posted:
| Can some forumers tell me why this company if want to distribute about 30c to public no body interested ? |
|
Can some forumers tell me why this company if want to distribute about 30c to public no body interested ?
Any forumer can suggest why like this ...company give money public don't want ?
ysh2006 ( Date: 01-Nov-2024 17:31) Posted:
Got money is it rare or not ? No body heed it maybe fake one...
ysh2006 ( Date: 01-Nov-2024 11:06) Posted:
| Not forumers interested in this stock? If distribute 30c not enough is it ? |
|
|
|
Got money is it rare or not ? No body heed it maybe fake one...
ysh2006 ( Date: 01-Nov-2024 11:06) Posted:
| Not forumers interested in this stock? If distribute 30c not enough is it ? |
|
Not forumers interested in this stock? If distribute 30c not enough is it ?
Distribution of about $0.30 per shares !
Based on 523,512,144 issued ordinary shares in the capital of the Company (&ldquo Shares&rdquo ) (excluding treasury shares and subsidiary holdings) as at the date of this announcement, the Proposed Distribution represents an aggregate of approximately US$0.23 (S$0.30) per Share.
After that the company become asset light. They still do ship management for the new vessel owner
Ship Management Agreement The following paragraphs set out a summary of the principal terms of each Ship Management Agreement. (a) Management Services With effect from the date the ownership of each Vessel is acquired by the relevant Vessel Buyer, such Vessel Buyer (as owner of the relevant Vessel) appoints AMG FZE as the manager of the relevant Vessel in respect of the management services including the following: (i) technical management (ii) crew management (iii) commercial management and (iv) insurance arrangements. 12 (b) Management Fees, Commission and Operating Expenses The Vessel Buyer shall pay to AMG FZE the following management fees, commission and operating expenses: (i) in respect of technical management, a fixed daily management fee, pro-rated in connection with the technical management of the relevant Vessel, which shall be payable per calendar month in advance (ii) in respect of commercial management, a commission based of an agreed percentage of the net revenue earned and actually received by the Vessel Buyer pursuant to the Internal Charter. &ldquo Net revenue&rdquo means all proceeds received by the Vessel Buyer under the Internal Charter less all taxes (including only withholding taxes payable at source) that are incurred or applied on such proceeds or are for the account of the Vessel Buyer or owner in connection with the trading of the Vessel or under the relevant Internal Charter or External Charter (without double counting) and (iii) operating expenses for each Vessel, which shall be based on actual operating expenses incurred at cost plus 7.5%.
ysh2006 ( Date: 01-Nov-2024 05:28) Posted:
| Last ship finally sold .....money in the pocket already waiting.... |
|
Last ship finally sold .....money in the pocket already waiting....
This one capital reduction and special dividends should be coming very soon as the last ships should be completed by 31-10-2024
QueenMaya ( Date: 17-Sep-2024 08:52) Posted:
30 cts distribution to shareholders upon completion. That's a super deal.
sengkang ( Date: 11-Sep-2024 10:14) Posted:
At today' s price level of 32.5c, it' s really dirt cheap but under appreciated.
It' s a conditional master delivery agreement so execution will take time to execute.
If everything goes well, then after net proceeds, the residual company doing ship magement services etc is worth 3c per share. lol |
|
|
|
This company in Rubber plantation ? Or any company in Rubber plantation ? Please enlighten, Thank youQueenMaya ( Date: 17-Sep-2024 08:52) Posted:
30 cts distribution to shareholders upon completion. That's a super deal.
sengkang ( Date: 11-Sep-2024 10:14) Posted:
At today' s price level of 32.5c, it' s really dirt cheap but under appreciated.
It' s a conditional master delivery agreement so execution will take time to execute.
If everything goes well, then after net proceeds, the residual company doing ship magement services etc is worth 3c per share. lol |
|
|
|
30 cts distribution to shareholders upon completion. That's a super deal.
sengkang ( Date: 11-Sep-2024 10:14) Posted:
At today' s price level of 32.5c, it' s really dirt cheap but under appreciated.
It' s a conditional master delivery agreement so execution will take time to execute.
If everything goes well, then after net proceeds, the residual company doing ship magement services etc is worth 3c per share. lol |
|
