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Ship Finance International Limited Message Board

  • allnightdate allnightdate Apr 4, 2013 1:21 PM Flag

    Expected div run on BPT

    For any of you here that like to jump in on divvy runs I believe we'll see one on BPT any time now. They just announced a 2.42 div payable later this month.

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    • Allnight, I don't know if BPT will have a divy run if the rest of the market is correcting. One would have to double-check the history to see how it holds up when the market is going down. I haven't checked but suspect that the divy run will not save it if the market corrects. I am waiting for some divy runs in SDT, PER and ALDW. SDT and PER have gotten absolutely killed and appear to be going lower again, but their yields are approaching 20% and 16%. They announce their distribution at the end of April, so I am holding off. sometimes when you catch a falling knife, the only way to get back some of your money is to try to double-down, but you have to make sure the technicals are cooperating and not stay too long. You usually can't get all of your money back in one swoop

      • 2 Replies to marklibera
      • Mark,
        I checked the chart for PER and SDT and their one year chart shows ~40% and ~58% down respectively. As you rightly point out repeatedly, dividends do not justify holding thru big drops. I hope you didn't own thru the entire slide.

        Financials and Tech are weakening and S&P is near critical territory. I'm starting to move more into cash.

        GLTA

      • Ya, I hear ya. BPT is going to pay a 2.42 div in a couple weeks. X-date is the 11th. IMO, it is a tight coiled spring if it goes lower than 78. And divy runs of 5 to 8 bucks happen there. I give a price of 84 happening soon at 70%. If not a little more.

 
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