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Navios Maritime Holdings Inc. Message Board

foo_star 11 posts  |  Last Activity: Jul 11, 2016 5:08 PM Member since: Jan 19, 2001
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  • Reply to

    VLCC Exposure

    by play_tow Jul 11, 2016 11:07 AM
    foo_star foo_star Jul 11, 2016 5:08 PM Flag

    VL 1 and 3 year TCs are now at about 35 and 33k respectively - there's been a steady downturn over a number of weeks. Similarly MR's have come down, now paying 14.5 for both durations for new TCs. In hindsight the most recent flurry of (MR) fixtures was well timed. 5 of the 8 VLs are on some type of floating rate in 16, and worse for 17 though, right? Synergy, Electron & Quasar floating, Buena Suerte & Galactic floating with a floor near 30k. That leaves 3 pegged at just over 40. Per slide 14 of the Q1 result presentation.

  • Reply to

    Preferreds

    by tmpw1 May 26, 2016 3:32 PM
    foo_star foo_star May 26, 2016 6:12 PM Flag

    WOW! I just looked at todays pref volume - far higher then normal and the divergence you note is massive. If it's there in the morning I'm trading it. Thank you. Should have looked before I replied the first time :)

  • Reply to

    Preferreds

    by tmpw1 May 26, 2016 3:32 PM
    foo_star foo_star May 26, 2016 5:59 PM Flag

    The volume on H is piddly. The volume on G is 10% of piddly, and the spreads are enormous. I own the H because the G is barely tradable - at least seems that way for me. A couple hundred shares can move the spread so if you really want in or out you need to set your price and have some patience. H is easy to watch and OK to trade. ish

  • Reply to

    Rocky says buy at .74

    by coursonc May 20, 2016 12:44 PM
    foo_star foo_star May 25, 2016 5:10 PM Flag

    Congrats on the common everyone. I still prefer the preferred(H), though we were up just 38% today there. NNA did well too - but not just on NM coattails (been a while since anyone could use that term for NM!) , lots of materials/shipping/energy/oil was up nicely today, as were the major indicies. Vale remains a wildcard for NM : they have lost about 85-90% market cap over a year+ but are still worth what, 12B, so could be forced to honor such relatively piddly contracts - OTOH, their lawyers will be as good as any and even if AF is correct that it's owed and will eventually, in the long run, be paid, well - you know what they say about the long run. Now, the big thing I liked - as I noted earlier - the holding in eg NNA shares are _unencumbered_ and AF bothered to _say_so_: so that value could be tapped in a major pinch: helps my preferred and FWIW I have a very oversized NNA position and rooting for a share buyback there...

  • Reply to

    Rocky says buy at .74

    by coursonc May 20, 2016 12:44 PM
    foo_star foo_star May 25, 2016 8:30 AM Flag

    Well per slide 7, "Significant value in unencumbered assets ‒Shares in NNA, NMM, Navios Logistics, Navios Europe I and Navios Europe II" and all the public subs are currently valued at 1.30 per NM share. But that debt... and those bulker rates...

  • re-negotiations...
    - $14.9 million from the early settlement of charter claims in Q1 2016
    - ~$23.0 million estimated reduction of charter-in costs over the next 12 months

  • Reply to

    Rocky says buy at .74

    by coursonc May 20, 2016 12:44 PM
    foo_star foo_star May 22, 2016 11:16 PM Flag

    The VALE deal evaporation put the kaibosh on the NM recovery plan - it looks to have no near-enough term saving grace so is in real danger of heading one-way to BK. Som ebumps to trade sure, and best of luck, but if you want to bet on survival for NM I'd look to the prefs or bonds. Prefs are easy to watch and not hard to trade, and if NM survives long enough to _ever_ pay a 1¢ div on the common - then the perpetual cumulative preferreds are an X-bagger. Better odds than the common I think. You looked at em? Hi to Rocky.

  • Reply to

    Beat on earnings and revenue

    by oropan45 May 19, 2016 8:13 AM
    foo_star foo_star May 19, 2016 9:22 AM Flag

    so and so and so and so .... not at this time. Ugh. left it wide open.

  • Reply to

    NAP earnings tomorrow

    by trubulator12345 Apr 26, 2016 3:29 PM
    foo_star foo_star Apr 28, 2016 10:49 AM Flag

    VL spot has been tumbling over the last couple/few weeks. NNA holding it's own, though. Not bad given how NM has just given way. Dip will show up in P/S months from now

  • Reply to

    NNA sells two ships, pays down debt -- Good News

    by needtech Apr 18, 2016 4:15 PM
    foo_star foo_star Apr 27, 2016 9:28 AM Flag

    little more detail: "Navig8 has agreed to purchase from Navios the IMO II product/chemical carriers “NAVE CONSTELLATION” and “NAVE UNIVERSE” (45,291 dwt, Built Shina, Korea 2013, part epoxy/part zinc coatings, 20 tanks/pumps, MAN-B&W) for about US$ 37.3 million each. Navios paid US$ 33.5 million each for the pair in mid 2013."

  • Reply to

    Out of cash within 12 Months!

    by mizesaw Apr 26, 2016 11:01 AM
    foo_star foo_star Apr 26, 2016 5:16 PM Flag

    Well I dumped some today. Not that I had much - had already rotated most of my modest NM into the preferred. Monetizing the VALE cashflow was NMs way out as trub argued. We'll see what _really_ happens when all is said and done wrt VALE but dang I hope NNA gets to distance themselves

NM
1.11-0.08(-6.72%)12:18 PMEDT