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Mercator Lines
Mercator is ROCK Solid as Diamond
Posted by :
sandpmTracked by: 1 Boarder
Mercator is ROCK Solid as Diamond.
Today I observed that there were no sellers. It is only that Buyers didn`t want to buy at higher levels but buyers were all consuming the sell orders.
Read the below article:
You know Mercator Lines as a leading Indian shipping company but now they are reworking their business strategy and are focusing on coal mining in Mozambique.
Earlier this year Mercator Lines Singapore Limited, the company`s overseas arm, was awarded a coal block in Mozambique but only now it is realised that it is actually a goldmine.
NDTV has learnt that the Mozambique block has an estimated reserve of 3 billion tonnes. Mercator owns 85 per cent economic interest in the Mozambique mine and it has a 30-year mining lease.
The company has agreed to pay per tonne royalty to the Mozambique government and the mining will begin from 2010.
In Indonesia too Mercator has picked up 50 per cent stake in 2 coal blocks, which have a much smaller 15 million tonne coal reserve.
Mercator`s Singapore arm, Mercator Lines Singapore Limited will be the vehicle for the company`s coal mining foray.
Mozambique with its substantial coal reserves has been a preferred destination for Indian power and steel companies like Tata Steel, Tata Power, JSW and Reliance Power but now Mercator`s coal find easily overshadows any other Indian company overseas.
So what will Mercator do with all the coal? Sources suggest it plans to tie up with a mining company and extract coal, which will then be shipped straight to India`s west coast where power companies are desperate for imported coal for their plants.
Mercator already has a 5-year contract with Tata Power for providing shipping support and similar tie ups with Torrent, Reliance Power, Nagarjuna Power and MSEB. Now it is open to sell coal to all these power companies.
After NDTV Profit broke the story the Mercator management confirmed the development by issuing a statement saying: ...
The journey has just began...
Posted by :
satcyTracked by: 0 Boarder
A one month old article. The last line of the article precisely summaries the future of the company.
Source: NDTV Profit.
Tuesday, September 09, 2008 (Mumbai)
Mercator Lines, the leading provider of marine transportation services, is planning to acquire a 40 million tonne coal mine in Indonesia for Rs 250 crore.
This would be its fourth acquisition in Indonesia, albeit a big one this time, it is expected to treble its current capacity in the region.
Mercator already has a capacity of 15 million tonnes from its earlier acquisition in Indonesia and a mine in Mozambique with an estimated reserve of 3 billion tones.
"The total investment will be $50-60 million where part finance will be through debt and internal accruals," said HK Mittal, Chairman, Mercator Lines.
While commenting on the proposed acquisition, Mittal said the company is aiming to be an integrated logistics company providing end to end service to its clients including Tata Power, R-Power, Torrent, hungry for imported coal with low ash content.
As mining feeds Mercator`s dry cargo business, its expansion into oil exploration is backward integration for its tanker business. Clearly, for Mercator Lines, the journey has just begun.
...
AFTER 6 MONTH Mercator Lines share Rs.???
Posted by : sandpmTracked by: 0 Boarder
yeah. I agree.
Min. Rs. 60/- should be the price.
I think all LONG TERM investors of Mercator have exited.
It was Rs. 20/- around 8 years back, then went onto hit 1400.
Now, considering post-split, post-bonus, it is around 1000.
So, all people who entered 6-8 years back, seems to have exited.
Now, it is our turn to ride the boom and exit after 5-6 years.
Believe me, you can`t just agree with me regarding the price.
Thanks,
SandPM...
In reply to:
AFTER 6 MONTH Mercator Lines share Rs.???
Posted by : satcy
Technically, the 200SMA for the stock is at 95, and the current price at 39, a good 58% from it`s 200SMA. Ideally, a stock is in a bull phase, only if it is above the 200SMA. Which means, only one of the two things can happen -- the stock rallies back to the 200SMA or the 200SMA drifts down to some where close to the current price.
Considering that on the weekly and daily charts, the stock is bouncing back from extreme oversold regions, the possibility is that it will run up to the 200SMA, rather than the 200SMA drifting down. How much close it would get to the 200SMA is a different question altogether.
The baltic dry index is down 83% from its peak. It can`t get worse. The most probably direction for the stock seems to be up! 
AFTER 6 MONTH Mercator Lines share Rs.???
Posted by : satcyTracked by: 0 Boarder
Technically, the 200SMA for the stock is at 95, and the current price at 39, a good 58% from it`s 200SMA. Ideally, a stock is in a bull phase, only if it is above the 200SMA. Which means, only one of the two things can happen -- the stock rallies back to the 200SMA or the 200SMA drifts down to some where close to the current price.
Considering that on the weekly and daily charts, the stock is bouncing back from extreme oversold regions, the possibility is that it will run up to the 200SMA, rather than the 200SMA drifting down. How much close it would get to the 200SMA is a different question altogether.
The baltic dry index is down 83% from its peak. It can`t get worse. The most probably direction for the stock seems to be up!...
In reply to:
AFTER 6 MONTH Mercator Lines share Rs.???
Posted by : satcy
If it was so easy to predict the future trends, many many of them would be billionaires by now.
When oil hit 100$ and declined, even the greatest experts predicted that it would hit 40$. It didn`t. On the contrary, It rallied back hitting an all time high of around 140$. And when it hit 140, the experts predicted that it would hit 200$. It`s back to 80$ now.
2yrs back, the stock was available at almost the same price that it is today. Since then, it opened it`s Singapore subsidiary whose profits tripled the last quarter. It has diversified into dredging and oil rigs. It has also borough coal mines in Indonesia and Mozambique.
There is a saying - "When it gets tough, the tough gets going". Mercator has one of the smartest managements. They surely would not sit idle looking at their market cap erode so drastically.
The stock is a gemstone. Might test your patients, but if you do have the patients, you will be rewarded accordingly.
Welcome global recession.
Posted by : sandpmTracked by: 0 Boarder
Thanks PremPutli. Agreed. Always a Recession gives the best opportunity.
Do all the good things during the recession, so that you are ready to zoom during the boom.
What a management. Great.
Thanks,
SandPM...
In reply to:
Welcome global recession.
Posted by : premputli
Global recession and shipping sector down turn will no doubt put shipping companies under lot of pressure. How ever mercator management may be getting ready to grab the opportunities out of this. They have done with the singapore IPO, done the long term charter of dry cargo vessels, contracted the VLOC for long term, added dredgers, contracted the Rig for long term.
Now they are looking for more ships to carry ore from their owned mines. Recession will bring opportunities to get ships at lower cost or lower charter rate. Company is waiting for bottom fishing.
Happy Investing.
Welcome global recession.
Posted by : premputliTracked by: 0 Boarder
Global recession and shipping sector down turn will no doubt put shipping companies under lot of pressure. How ever mercator management may be getting ready to grab the opportunities out of this. They have done with the singapore IPO, done the long term charter of dry cargo vessels, contracted the VLOC for long term, added dredgers, contracted the Rig for long term.
Now they are looking for more ships to carry ore from their owned mines. Recession will bring opportunities to get ships at lower cost or lower charter rate. Company is waiting for bottom fishing.
Happy Investing.
...
AFTER 6 MONTH Mercator Lines share Rs.???
Posted by : satcyTracked by: 0 Boarder
If it was so easy to predict the future trends, many many of them would be billionaires by now.
When oil hit 100$ and declined, even the greatest experts predicted that it would hit 40$. It didn`t. On the contrary, It rallied back hitting an all time high of around 140$. And when it hit 140, the experts predicted that it would hit 200$. It`s back to 80$ now.
2yrs back, the stock was available at almost the same price that it is today. Since then, it opened it`s Singapore subsidiary whose profits tripled the last quarter. It has diversified into dredging and oil rigs. It has also borough coal mines in Indonesia and Mozambique.
There is a saying - "When it gets tough, the tough gets going". Mercator has one of the smartest managements. They surely would not sit idle looking at their market cap erode so drastically.
The stock is a gemstone. Might test your patients, but if you do have the patients, you will be rewarded accordingly....
In reply to:
AFTER 6 MONTH Mercator Lines share Rs.???
Posted by :
Wajid-Parkar
REPLY FAST:-
downturn in global economies seems to have put the Indian shipping industry in stormy waters. A slow down in consumption coupled with falling freight rates has not only impacted the companies’ profitability but has also put the brakes on their volumes.
The players, however, say it is just the beginning.
Vikas Mohammed Khan, Chairman & CEO of Emirattes Shipping Lines FZE said, "This is the just the beginning! The slowdown may carry on for the next two years."
Meanwhile, the container movement to the US east coast has grown by 10 per cent while it has declined 14 per cent to the west coast.
However, industry sources fear that there could be a small decline by the year-end.
In March, SCI and its partners, Orient Overseas, Emirates Shipping and Zim Integrated, suspended their weekly direct service IDX to the US east coast because of lower demand and overcapacity. Moreover, dry bulk cargo rates are down with the Baltic Dry Index, hitting a 52 weeks low at $ 3,746.
Indian shipping majors like Essar Shipping are of the opinion that they are relatively insulated, as 50-70 per cent of their business is done on a long term contract but they remain concerned about the long term prospects.
AR Ramkrishnan, CEO of Essar Shipping, said, "The freight rates are volatile and slowdown will have an impact."
The damage so far may not be major but experts opine that the global crisis may get deeper. Although the Indian companies have hedged on the freight rates, they will they be able to cope with a falling demand
AFTER 6 MONTH Mercator Lines share Rs.???
Posted by : Wajid-ParkarTracked by: 0 Boarder
REPLY FAST:-
downturn in global economies seems to have put the Indian shipping industry in stormy waters. A slow down in consumption coupled with falling freight rates has not only impacted the companies’ profitability but has also put the brakes on their volumes.
The players, however, say it is just the beginning.
Vikas Mohammed Khan, Chairman & CEO of Emirattes Shipping Lines FZE said, "This is the just the beginning! The slowdown may carry on for the next two years."
Meanwhile, the container movement to the US east coast has grown by 10 per cent while it has declined 14 per cent to the west coast.
However, industry sources fear that there could be a small decline by the year-end.
In March, SCI and its partners, Orient Overseas, Emirates Shipping and Zim Integrated, suspended their weekly direct service IDX to the US east coast because of lower demand and overcapacity. Moreover, dry bulk cargo rates are down with the Baltic Dry Index, hitting a 52 weeks low at $ 3,746.
Indian shipping majors like Essar Shipping are of the opinion that they are relatively insulated, as 50-70 per cent of their business is done on a long term contract but they remain concerned about the long term prospects.
AR Ramkrishnan, CEO of Essar Shipping, said, "The freight rates are volatile and slowdown will have an impact."
The damage so far may not be major but experts opine that the global crisis may get deeper. Although the Indian companies have hedged on the freight rates, they will they be able to cope with a falling demand
...
Dubai firm adds more vessels to Sigma pool
Posted by : lifetradeTracked by: 0 Boarder
13 October 2008
Dubai based Emirates Trading Agency, an existing member of both Sigma and the Heidmar-managed Dorado Tankers pool, will be entering two more vessels into Sigma Tankers.
US-based Heidmar says that Indian-based Mercator Lines, China-based China Shipping Development and German-based Conti Reederei are to join the Sigma Tankers pool, too.
Mercator and China Shipping, also members of the Dorado Tankers pool, will enter one vessel each into Sigma Tankers. Conti will take delivery of two coated LR2 tankers from Hyundai Heavy Industries in 2009. These two vessels have been fixed on time charters and will be entered into Sigma Tankers at the end of these charters.
Sigma Tankers recently entered the clean LR2 trade with the delivery of two new buildings in July and September. Further expansion into this market will continue with three additional LR2 tankers being delivered to the pool in the next four months by China Shipping and by ETA.
These and other committed ships will bring the Sigma Tankers vessel count to more than 30 ships by early 2009. Sigma Pool members have more than 30 aframax and LR2 tankers on order, according to Heidmar.
Tim Brennan, President and CEO of Heidmar, said: "It is gratifying to have existing pool members enter additional vessels into Heidmar pools."...
hijacked ship premlata
Posted by :
GuestTracked by: 0 Boarder
Any more news about hijacked ship premlata ?...
Mr. jay08 & Mr.sandpm:- Reply Fast & Soon
Posted by : Wajid-ParkarTracked by: 0 Boarder
Mercator Lines :- BUY or Wait ?
Mercator Lines going upto which level
Rs.....???
Mr.joy08 & Mr.sandpm : Reply Fast and Soon.
SIGMA TANKERS POOLS EXPANDS FLEET
Friday, 10 October 2008
US-based Heidmar says that Indian-based Mercator Lines, China-based China Shipping Development and and German-based Conti Reederei are to join the Sigma Tankers pool and that Emirates Trading Agency of Dubai, an existing member of both Sigma and the Heidmar managed Dorado Tankers pool, will be entering two more vessels into Sigma Tankers.
Mercator and China Shipping, also members of the Dorado Tankers pool, will enter one vessel each into Sigma Tankers. Conti will take delivery of two coated LR2 tankers from Hyundai Heavy Industries in 2009. These two vessels have been fixed on time charters and will be entered into Sigma Tankers at the end of these charters.
Sigma Tankers recently entered the clean LR2 trade with the delivery of two newbuildings in July and September. Further expansion into this market will continue with three additional LR2 tankers being delivered to the pool over the next four months by China Shipping and by ETA.
Heidmar says: “These and other committed ships will bring the Sigma Tankers vessel count to over 30 ships by early 2009. In addition, Sigma Pool members have more than 30 aframax and LR2 tankers on order.
Tim Brennan, President and CEO of Heidmar, said: “We are always delighted to welcome new pool members, but it is also very gratifying to have existing pool members enter additional vessels into Heidmar pools.”
...
Report it Rate Reply ...
joy08 & sandpm :- Reply Fast :-
Posted by : Wajid-ParkarTracked by: 0 Boarder
Mercator Lines :- BUY or Wait ?
Mercator Lines going upto which level
Rs.....???
Mr.joy08 & Mr.sandpm : Reply Fast and Soon.
SIGMA TANKERS POOLS EXPANDS FLEET
Friday, 10 October 2008
US-based Heidmar says that Indian-based Mercator Lines, China-based China Shipping Development and and German-based Conti Reederei are to join the Sigma Tankers pool and that Emirates Trading Agency of Dubai, an existing member of both Sigma and the Heidmar managed Dorado Tankers pool, will be entering two more vessels into Sigma Tankers.
Mercator and China Shipping, also members of the Dorado Tankers pool, will enter one vessel each into Sigma Tankers. Conti will take delivery of two coated LR2 tankers from Hyundai Heavy Industries in 2009. These two vessels have been fixed on time charters and will be entered into Sigma Tankers at the end of these charters.
Sigma Tankers recently entered the clean LR2 trade with the delivery of two newbuildings in July and September. Further expansion into this market will continue with three additional LR2 tankers being delivered to the pool over the next four months by China Shipping and by ETA.
Heidmar says: “These and other committed ships will bring the Sigma Tankers vessel count to over 30 ships by early 2009. In addition, Sigma Pool members have more than 30 aframax and LR2 tankers on order.
Tim Brennan, President and CEO of Heidmar, said: “We are always delighted to welcome new pool members, but it is also very gratifying to have existing pool members enter additional vessels into Heidmar pools.”
...
Repy Fast:-
Posted by : Wajid-ParkarTracked by: 0 Boarder
SIGMA TANKERS POOLS EXPANDS FLEET
Friday, 10 October 2008
US-based Heidmar says that Indian-based Mercator Lines, China-based China Shipping Development and and German-based Conti Reederei are to join the Sigma Tankers pool and that Emirates Trading Agency of Dubai, an existing member of both Sigma and the Heidmar managed Dorado Tankers pool, will be entering two more vessels into Sigma Tankers.
Mercator and China Shipping, also members of the Dorado Tankers pool, will enter one vessel each into Sigma Tankers. Conti will take delivery of two coated LR2 tankers from Hyundai Heavy Industries in 2009. These two vessels have been fixed on time charters and will be entered into Sigma Tankers at the end of these charters.
Sigma Tankers recently entered the clean LR2 trade with the delivery of two newbuildings in July and September. Further expansion into this market will continue with three additional LR2 tankers being delivered to the pool over the next four months by China Shipping and by ETA.
Heidmar says: “These and other committed ships will bring the Sigma Tankers vessel count to over 30 ships by early 2009. In addition, Sigma Pool members have more than 30 aframax and LR2 tankers on order.
Tim Brennan, President and CEO of Heidmar, said: “We are always delighted to welcome new pool members, but it is also very gratifying to have existing pool members enter additional vessels into Heidmar pools.”
...
Current Market cap is less than the RIG expected next qtr
Posted by : retrobrokerTracked by: 0 Boarder
hi jay..thanks for ur post.. fully agree with you on this one.. also this is a high beta stock and there is further downside of atleast 20-30% left in this stock....baltic index is not going to recover anytime soon....but a good long term bet nonetheless.....
In reply to:
Current Market cap is less than the RIG expected next qtr
Posted by : jay08
Hi,
In the anticipation of global slowdown and commodity demand destruction Baltic Index has corrected below 30% of the High.
All the shipping related STKs are tumbling down and hence the weekness in Mercator continues.
Long term support seems to be around 20-26.
Safely invest when Baltic Index turns or USA market stabilizes ,till then hold onto your cash.
Happy investing!
Current Market cap is less than the RIG expected next qtr
Posted by : jay08Tracked by: 0 Boarder
Hi,
In the anticipation of global slowdown and commodity demand destruction Baltic Index has corrected below 30% of the High.
All the shipping related STKs are tumbling down and hence the weekness in Mercator continues.
Long term support seems to be around 20-26.
Safely invest when Baltic Index turns or USA market stabilizes ,till then hold onto your cash.
Happy investing!...
In reply to:
Current Market cap is less than the RIG expected next qtr
Posted by : sandpm
be assured that this is a future combination of mini-ONGC, mini-RELIANCE, mini-GE Shipping, mini-Dredging Corporation Of India, mini-Gujarat NRE coke.
So, when this is so many minis why the hell is it quoting below 60 levels?
Much beyond common sense of me!!
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