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Mercator Lines
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!!
Current Market cap is less than the RIG expected next qtr
Posted by : sandpmTracked by: 0 Boarder
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!!...
In reply to:
Current Market cap is less than the RIG expected next qtr
Posted by : sandpm
Current Market cap is less than the RIG expected next qtr
Why Mercator is falling. It is ridiculous. This is what stock market is. No logic on the upside & no logic on the downside.
Be assured that the entire (current) Market Cap is just a part of the total assets of the company. The current market cap is around 900 levels and that is just equivalent to the RIG that they are getting next quarter.
Now, come the ships, mohzambique, dredgers etc., etc.,
Now, even if Mercator closes or goes bankrupt today, the assets should fetch them atleast rs. 50 or 60 rupees.
So, the min. value of Mercator is around 50 to 60 and hence, I also bought around that level.
What a non-sense level is this?
Current Market cap is less than the RIG expected next qtr
Posted by : sandpmTracked by: 0 Boarder
Mercator is quoting at foolish levels. I may agree if some flat which is currently quoting at 50 lakhs in Bangalore or Mumbai comes down to 10 lakhs or 5 lakhs. But I can`t just agree that Mercator falls to below 50 or 60 levels. This is just ridiculous....
In reply to:
Current Market cap is less than the RIG expected next qtr
Posted by : sandpm
Current Market cap is less than the RIG expected next qtr
Why Mercator is falling. It is ridiculous. This is what stock market is. No logic on the upside & no logic on the downside.
Be assured that the entire (current) Market Cap is just a part of the total assets of the company. The current market cap is around 900 levels and that is just equivalent to the RIG that they are getting next quarter.
Now, come the ships, mohzambique, dredgers etc., etc.,
Now, even if Mercator closes or goes bankrupt today, the assets should fetch them atleast rs. 50 or 60 rupees.
So, the min. value of Mercator is around 50 to 60 and hence, I also bought around that level.
What a non-sense level is this?
Mercator, Bajaj, hindalco
Posted by : retrobrokerTracked by: 0 Boarder
agreed.. but given the sinking baltic index...and global recession mercator might really not go anywhere past 60....also chances are once it breaks its resistance of 35 it is headed for sub 30 levels which is when iw ould enter this stock....
In reply to:
Mercator, Bajaj, hindalco
Posted by : Guest
sell your house and buy mercator lines, bajaj hindustan, hindalco.. all trading much below book value.. will jump on slightest recovery
Mercator, Bajaj, hindalco
Posted by : GuestTracked by: 0 Boarder
sell your house and buy mercator lines, bajaj hindustan, hindalco.. all trading much below book value.. will jump on slightest recovery ...
Mercator to give 60-80% returns during bounce
Posted by : avrochanTracked by: 1 Boarder
Just see Karuturi Global a fine stock with 74% Foreign investment, from 23 Rs. fell to 9, it came like an earthquake (2/3 days fall). In fact, that is the most safest valuable diamond stock in India, with expansion of business in the African country in million hectar land of flower and agriculture, vegetable etc. A great stock, I recommend to buy at such low price of 10 Rs. which will be doubled in a week. It is no realty/infra/steel/cement. It will fetch upper circuits soon. Watch....
In reply to:
Mercator to give 60-80% returns during bounce
Posted by : avrochan
Dear Sand, I did not mean to hurt your confidence and feelings, shipping industry as a whole is going to suffer, already suffering, this was a strong sector not had much impact, when I saw that news of "going to suffer" I exited. Later several times, I saw in Bloomber shipping industry hard hit recently. we all know MLL is a multibagger script, but I am a regular viewer of Bloomberg news and I very well knew that MLL and other shipping companies are going to crash, it hit 35/- no need for a bet, but it will break even 32 or 30 and trade below 30. When market get positives, this stock will be back which originally has a Rs.320 target beginning of this year. We will get it back. The only thing is accummulate if it falls below 30 and take a 5 fold six months later. That`s it. There is one more danger pausing all stocks with foreigners investment, they are passing through bad time for funds and they may offload their shares which is happening. Even there are rumours that Chevron may offload their 5% from RPL in which case the great blue chip can fall below 100 levels to 2005-06 of 66. U.S. is completely shattered. Anything can happen temporarily. Accummulate if RPL hits 2005 levels as almost all stocks are hitting 2005 levels, including Mercator which is 30. Thanks =AVRO=
Dear avrochan,
1. If it falls to Rs. 32 then I would sell my house & buy this stock. I missed this opportunity 2 years back.
2. I would give you Rs. 1 lakh when this gem would reach Rs. 200 or more in next 3 to 5 years for sure.
Thanks,
SandPM.
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