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Ultrapetrol (Bahamas) Ltd. Message Board

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  • carlo29california carlo29california Oct 15, 2012 9:26 PM Flag


    Per Mr. Mendez End of 2011 (QE4): "We look forward to taking delivery of four additional new PSVs, which will enable the Company to grow its PSV fleet to twelve. Importantly, the first of these four vessels is scheduled for delivery in May 2012 and has already been chartered in Brazil for four years at a strong rate. Our River Business continues to grow and the long-term prospects of this business remain very strong. While 2012 results in our River Business are expected to be affected by the drought experienced in the area of influence of the Hidrovia, we have partially compensated the reduction in agricultural production with larger quantities of iron ore. Our new container operation has remained very active and we are optimistic about future growth prospects in the sector. Finally, our Product Tanker fleet continues to be employed in the South American trade on charters with oil majors."........IMO

    Now, unless they plan on generating revenue $400,000 (10% increase) by the end of this quarter and maintain expense/losses within $320,000 max, then I can see how investors will get in buying rather then trading at $2.00 plus during the 1st quarter of 2013. But, in order for this to happen, IMO, ULTR must surely deploy all River carriers, and at least 4 Ocean carriers to make this happen. I only know of 3 contracts, and one being Brazil for sure mentioned above. Although EBITDA is going up yearly, we both know it means nothing. ULTR has not positioned themselves with Oceanic development strategies to counter dollar against the local currency and takes a loss when it does try to take position. If nothing changes compared to last years ending positions, we won't be seen much of a surge, and not even close to $3.00. But it will still be a proritable investment should mother nature's rain take its course this year. .

    Sentiment: Strong Buy

0.49+0.07(+16.67%)Dec 1 4:00 PMEST