Exactly, I have been posting the same message for months. Crazy....especially with BDI rebounding.
I suspect Management has learned its lesson on press releases and not following through. They got hammered earlier in the year. Lesson learned, change your ways. Either this is happening or RVLT has nothing to report. Lots of radio silence. Hoping the acquisitions will pay off this quarter and management has some positive news....its been a while.
Audio thanks....this is the reason no divvy is reported.... When a parent owns a majority of the subsidiary, or more than 50 percent, the financial activity of the subsidiary is included in the parent’s financial reports. As a result, dividend income received by the parent from the subsidiary is effectively negated for reporting purposes, although the dividend may be discussed in the financial footnotes.
Exactly, and the down days were small or irreverent. +26 Wed, +35 Thurs and today down 8. Hope this trend continues.
I wonder if Staples requires RVLT to have minimum capital access with BAC should sales volumes materially exceed initial projections...financial stability required to ramp up inventory in short order.
Yes, BDI is key....1500 or more will really open wallets. Plus, for DRYs....Orig is throwing on fuel to the valuation fire. strong possibility DRYS sees 4+ by mid Oct.
BDI rose 50% in 30 days, ORIG moved 4% up in the last 30 days (DRYs value in ORIG incr approx. 96 million over that period)....DRYs pps moved up only 10%, the market imbalance in DRYs PPS grows. Nice to see JPM recognize the opportunity to purchase DRY shares.
Yes, iron ore imports from china will accelerate through year end, has huge impact on BDI. Plus drys should benefit from orig pps, which should climb to 20 pre mlp, and mid 20's upon completion of mlp
kind of agree. DRYS still valued a close to 80 million to the red....after considering the value of it's 59.4% of ORIG. BDI climbing to above Break even levels. We could see rapid upside movement through 200day MA if BDI continues to climb,
I recall....and why not when it looks like rates will climb substantially and are expected to remain high in 2015.
Spot rates up 30+ % in a week and expected to climb...good news for DRYS. DRYS can lock in today the same rates or better for multi year contracts that are expiring. I suspect GE will hang with SPOT and renew leases in Nov/Dec as rates continue to climb through year end.
Good question. 4% Dividend is not only good for Drys but also good for shareholders. Crushed earnings, beat estimates 5 straight qrts, 4.8 billion in contracts, 70% coverage for 2015, one of the youngest udw fleet in drilling. Once softness for drillers lifts orig will move past 25 in short order.
DRYS pps is still below its ownership value in ORIG ($18 pps). As BDI continues to climb.....this imbalance should reverse and move rapidly to reflect that the Panamax and Cape rates are emerging from the doom and gloom that has plagued the shipping industry over the last couple of years, DRYS is very attractive investment with improving conditions in shipping.
BDI looks to be recovering, especially Cape index @ $1350. This is very positive for DRYS as it has some CAPEs up for redelivery or converting to spot. Need the Panamax rate to coniine to improve. DRYS still sells at 120 million below its ownership value of ORIG. BDI showing positive signs and forecasted to grow rapidly....this could be jet fuel for DRYS pps.
Agreed! EBITBA increased 100% to $231 million from 115 for the second qrt, prior year. ORIG stock price from one year ago....down 2.4% (@17.8) Lmao, stupid. Management forecasting $540 million CF on 9 vessels @ 92.5% utilization. 4.8 billion backlog over 5 years. Price/Sales 1.3 times. Dividend just under 4%.