Mon, Sep 1, 2014, 10:36 AM EDT - U.S. Markets closed for Labor Day

Recent

% | $
Quotes you view appear here for quick access.

Global Ship Lease, Inc. Message Board

  • funda_mentalz funda_mentalz Nov 28, 2011 3:48 PM Flag

    GSL craps itself before the CMA call...

    Pretty standard with this name. Leaks galore. I guess we know not to expect any good news tomorrow.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • First- CMA CGM is a Private Company and the don't have Earnings calls. GSL is dropping because there has been no update on the LTV Waiver which is due by tomorrow November 30th.

      "The Company is in discussions with its lenders to amend the credit facility in respect to the Leverage Ratio. The Company was in compliance with all of its financial covenants at September 30, 2011 and at the date of issuance of the third quarter financial statements. Management expects that an amendment or waiver will be obtained and accordingly, the interim unaudited consolidated financial statements are prepared on a going concern basis. If the Company does not successfully amend the credit facility by November 30, 2011 or otherwise obtain a deferral or waiver of the requirement to perform the Leverage Ratio test as at that date, and its Leverage Ratio is above 75%, the lenders may declare an event of default and accelerate some or all of the debt or require the Company to provide additional security."

    • Not sure you need a "leak" to tell you what's been in the headlines for months...low rates = tough market and likely losses for liners.

    • and yet, if you owned Danaos instead of GSL, where the fate of your entire company once again rested with the survival of CMA CGM, you would be posting nothing remarkable today, DAC was steady. so... what's in a name?

 
GSL
3.98+0.13(+3.38%)Aug 29 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Criteo SA
NasdaqGSFri, Aug 29, 2014 4:00 PM EDT