Great Eastern Shipping Company

Shipping as Sector, GE Shipping as a stock

Posted by : scorpio76
Price when posted : BSE: Rs 294.25 ( -2.10 % ), NSE: Rs. 293.95 ( -2.55 % )

DEAR CHIEF.AFTER GE HAS CLOSED AT 293.95 ON NSE TODAY, WHAT WOULD BE THE LEVELS FOR NEXT 2-3 DAYS.SIR YOUR URGENT ATTENTION AND ADVICE WILL BE APPRECIATED.
REGARDS...

Shipping as Sector, GE Shipping as a stock

Posted by : usgoel
Price when posted : BSE: Rs 300.55 ( -0.02 % ), NSE: Rs. 301.65 ( 0.37 % )

Yea right chief, I totally agree with you. With global economies on recovery path, tanker rates will go up smoothly. Today BDI climbed another 3% closing at 2917. GE shipping cannot ignore BDI so it will shoot up soon. Atleast being fundamentally strong too, this stock has nothing to lose but much much to gain..


Happy Investing !!!!...

Trade with www.marketspeaks.hpage.com

Posted by : chief_kamani
Price when posted : BSE: Rs 300.55 ( -0.02 % ), NSE: Rs. 301.65 ( 0.37 % )

rajvil-You are lucky it has not flared up much!!GE Shipping is a Top Class Buy and Hold stock!!...

BSE Announcements on GE Shipping

Posted by : MMB Messenger
Price when posted : [GE Shipping - BSE:Rs. 304.00 NSE:Rs. 150.85 when posted]

Great Eastern Shipping Company Ltd (GE Shipping) has informed BSE that a meeting of the Board of Directors of the Company will be held on October 30, 2009, inter alia, to consider, Unaudited Financial Results (Provisional) for the quarter ended September 30, 2009 (Q2)....

Shipping as Sector, GE Shipping as a stock

Posted by : chief_kamani
Price when posted : BSE: Rs 305.00 ( 1.46 % ), NSE: Rs. 305.05 ( 1.50 % )

Guest-Baltic Dry Index has to go up!Global economies are recovering!!Oil moving up!!Tanker rates should start moving up!! ...

Shipping as Sector, GE Shipping as a stock

Posted by : Guest
Price when posted : BSE: Rs 299.50 ( -0.37 % ), NSE: Rs. 299.50 ( -0.35 % )

MLL is better than GE in terms of the rate of growth envisaged .....

Shipping as Sector, GE Shipping as a stock

Posted by : usgoel
Price when posted : BSE: Rs 300.60 ( 2.95 % ), NSE: Rs. 300.55 ( 2.98 % )

Another 2.4% jump in Baltic Dry Index takes the BDI to 2832. Technically, It has crossed the major resistance of 2774 and now it is poised to go to 3350 levels.

GE Shipping immediate targets needs updating accordingly to 350-375 kind of levels.

Happy investing !!!...

hold or sell

Posted by : scsharma0
Price when posted : BSE: Rs 300.60 ( 2.95 % ), NSE: Rs. 300.55 ( 2.98 % )

I have 300 shares of GE Shipping @265/-,please guide whether to hold or sell.What is the target.I bought the shares on reading comments of Shri PK675 and share has risen well as per his prediction.
...

NSE Announcements on GE Shipping

Posted by : rk2009
Price when posted : BSE: Rs 300.60 ( 2.95 % ), NSE: Rs. 300.55 ( 2.98 % )

the Baltic dry index moved from 2200 on october 1st to 2766 on 19th oct. the effect being shown in the rise of price of stock.The baltic index is having good relationship with SP500 index.i too agree 300+is on cards....

NSE Announcements on GE Shipping

Posted by : Guest
Price when posted : BSE: Rs 300.60 ( 2.95 % ), NSE: Rs. 300.55 ( 2.98 % )

next target is 325 happy investing...

NSE Announcements on GE Shipping

Posted by : MMB Messenger
Price when posted : [GE Shipping - BSE:Rs. 294.00 NSE:Rs. 150.85 when posted]

The Great Eastern Shipping Co. Limited has informed the Exchange regarding a press release, dated October 20, 2009 titled "Greatship Subsidiary Takes Delivery of a 350 Foot Jack-up Rig". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

GE SHIPPING

Posted by : usgoel
Price when posted : BSE: Rs 292.00 ( -0.82 % ), NSE: Rs. 291.85 ( -0.85 % )

with BDI touching 2766 today, GE Shipping is likely to be todays hero. Its immediate target is 325 within this week. ...

GE SHIPPING

Posted by : rupesh711in
Price when posted : BSE: Rs 292.00 ( -0.82 % ), NSE: Rs. 291.85 ( -0.85 % )

GE SHIPPING HAS MADE

Oct 16, 2009 Price Crosses Moving Average (200-week)W Long-Term Bullish AT-294.40

Oct 16, 2009 Bottom Triangle Long-Term Bullish AT-294.40

TRGTS SHORT / MEDIUM TERM = 317-325-338-340

TRGTS LONG TERM = 452 - 482

RESIST = 294.90
SUPPORT = 268...

Shipping as Sector, GE Shipping as a stock

Posted by : usgoel
Price when posted : BSE: Rs 292.00 ( -0.82 % ), NSE: Rs. 291.85 ( -0.85 % )

One need to look carefully what shipping sector does and what is it worth.

For any manufacturing industry to work, they need raw material, fuel (OIL) and other supplements and they get them via Ships. Then once the material is produced, they again need to ship their finished goods.

So for economy point, if its contracting, either all industry shut down, or they reduce their prices to boost demand or they maintain their manufacturing with a hope of revival. So if they are shutting down completely, means whole world is going to stop with no shippings done which practically is never possible so shipping business can never end so you can never lose all your money in this sector. :)

Then in current scenario, when industrial demand is picking up back, they will need ships for raw material as well as finished goods, so this sector is set to revive fully with revival of economy.

Even if we say economy won`t revive back fully, then either industries will reduce prices (contract their margins) to boost demand, which will keep shipping consistent.

So for now scenario, if you are negative to stable on world, shipping as a sector is stagnant sector and if you are betting on revival and then back to growth, shipping as sector is a highly growing sector.

So if it is a stagnant sector, purchasing a shipping stock at PE of 7.5 at its book value means you are investing in FD.

If revival and growth are seen, then this sector deserves higher PE of 12-15

GE shipping as a stock is best buy from all these point of view. It is trading at PE of 4 and at a discount to its book value so it is going to be atleast double from here to be justified to stagnant economy and tripple for a reviving/ growing economy.

I don`t rule out short term upsides / downsides as it is a stock and not a bond, but overall it is the best pick i can find in current markets.

P.S. A new ship takes around 2 years to be built, so if demand rises, its not like that there will be new ships coming in to cater to those demands. Instead same ships will raise their prices and thats how shipping industry prices and margins are going to improve with revival of economy.

So i place a strong buy of GE shipping at these levels.

Happy Investing !!!...

IT IS ALL IN THE SUBCONSCIOUS

Posted by : rk2009
Price when posted : BSE: Rs 292.00 ( -0.82 % ), NSE: Rs. 291.85 ( -0.85 % )

EXPERT BOSE SAID 300 TARGET. IT SEEMS TO BE TAKING A BRATHER NOW. IT WILL GO TO 270+ LEVEL AND CONSOLIDATE TO REACH 350 SOON.....