My advice is avoid. Two reasons. Shipping. Out of Funds. Big debts outstanding. Sorry, thre reasons.
saisai ( Date: 22-Sep-2016 12:45) Posted:
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52 weeks low now...feels like entering for quick punt. haha
vivacious ( Date: 22-Sep-2016 11:14) Posted:
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can still long?
CEO has been talking for years, and share prices keep dropping.
granto ( Date: 20-Sep-2016 16:49) Posted:
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Rickmer' s CEO was speaking at an event today...
http://splash247.com/short-term-pain-long-term-rationalisation-hanjin-focus-marine-money-discussions/
Agree short this one no wrong DYODD
dead44 ( Date: 18-Sep-2016 16:15) Posted:
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First signal of trouble share short till hell cannot raise decent
Fond when will sgx wake
Fond when will sgx wake
Another delist from sgx vgd
Who will dare buy bond here
Who will dare buy bond here
Firstly all lenders should be asked to waive interests payments n loans extended by 3 to 5 years. Apply to bonds n bank loans. Also unitholders dividend should also be suspended indefinitely. Manager n trustee fees should be cut by 50%.
Shipping trust was once SGX highly promoted stocks.
No hair cut no pay no talk later go look for my appointed IJM to talk lah...
| granto ( Date: 16-Sep-2016 14:17) Posted: |
Rickmers Maritime sg is trying to seize the current opportunity to get rid of its debts without having to pay a cent ask for a massive haircut and just issue some more  shares to pay for the remaining debt, thus converting  their creditors into fellow debtors! By the way  Rickmers Maritime shares is diminishing in value rapidly. 
However if such a scheme is rejected by the bond holders,  the parent company itself may lose out on a current deal  to get a major loan it needed.
To default on this local bond may have  greater repercussions for the entire 100 years old Rickmers Group!
 
 
Ya you want 60% hair cut don't get nothing ?...
GuavaXF30 ( Date: 16-Sep-2016 13:07) Posted:
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  Bondholders kenna raped wholesale. What happenned to investment protection rules ?
granto ( Date: 15-Sep-2016 14:30) Posted:
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  holding a noteholders&rsquo meeting at 2 p.m. on 15 September 2016 (Thursday), further annoucement to follow ...... hope it will be good news.
Where are all the early birds go?
With the latest lifeline, the outlook has changed.....