Export net sales continue to increase are now approximately $30 million. We estimate the weakness in the Canadian dollar will affect our Canadian net sales and profits by approximately 2 million for the full-year....from CC
i may add when div cut is announced. they are also on the hunt for more pctc. how they finance that may effect stock price.
i would just focus on fixing Joes and brickhouse roll out. they should not be wasting resources into anything else until those two are complete and profitable
keeping dividend so high would be reckless. it is getting cut. read between the lines. why do you think they upsized the credit line? the market in north sea is so bad people are re-flagging vessels out of area. the credit line imo will be used for opportunistic acquisition, right now currency is killing earnings but the strength of dollar would make sense to buy ships in kroner with strong US dollar. in year or so when oil strengthens so will kroner. then currency effect hopefully will flip back. so bottom line they should be preserving capital for fleet growth.
one shareholder owns 66% so buyout is unlikely .unless Whitney wants to give up. more likely would be them to take private. bankruptcy? would take years of losses for that happen.
i looked thru kraft website. didnt really see much too buy. the shelf stable stuff they have shown is well established and cant see bgs acquiring. do they have other brands that are not advertised on the website?
huge dilution yes. but its over now. they have youngest and largest product fleet with 69 ships on the water. and have been buying back stock for last six months. they have 69 million left on buyback or 5% of float. i seems when they trade below NAV of company they buy. they only have 500 million left for newbuild commitments. once that is behind them and rates stay in black imagine what kind of cashflow this company can generate. div and buybacks will continue. they also have 30 or so chartered in fleet.
The gulf export story is still intact. Low prices create more demand. refiners have more incentive to get it out of gulf. if their input costs are lower can compete overseas such as diesel to europe. Also Saudi's want to add Value added products to plain crude. there refinery buildout is starting to come online. Scorpio's LR2 should be well positioned to lift those cargoes to asia.
thats one reason i always preferred Dorian having korean ships. they are better ships and you are more likely to get long term charters with a quality company. is this jianghan first vlgc? there is only so much can steal from the koreans and #$%$. Scorpio had similar problems with first batch products they ordered. bugbee said the werent prepared to build the advanced ships and weren't performing as advertised, and getting lower rates than korean built. that is why the sold the all chinese builds off.
"Although much of the United States has been shivering this winter, there's been another worrying sign of warming temperatures farther north. The cap of sea ice that spreads across the Arctic Ocean in winter appears to have been the smallest on record this year, according to NASA"
also good for arctic drilling. long term they are gonna have to drill these areas. If we can get thru this rough patch story is still intact.
im not sure what kinda rigs those project require. but nadl will have two semisubs, and the Navigator drillship available for a 2016 campaign. i would actually prefer this outcome than direct tie up up with rosneft.
Well the romano macoroni grill albatross is no longer around there neck. Trouble is Joes Crab shack same store sales where down a few quarters in row. I feel like sushi is getting everyones seafood dollars. here in NY they are popping up on every corner. they are starting a take out service to try and juice sales.
i noticed there is new largest shareholder Huber capital. that is what we need more institutional holders. not very many for NAT @ 39'%. other shippers have much higher ownership and is more "sticky" money not changing hands as much. There have been many false rally's over last few years. i think we need to hold into spring summer to show its for real. Its always good during winter.
Herb Hansson should be out marketing company. i never hear of NAT at investor conferences and things of that nature. now that there is no cramer should look for other outlets. or maybe even a conference call to take some hard questions.
SBI Puro, a Capesize vessel, was delivered from Shanghai Waigaoqiao Shipbuilding Co., Ltd. The Company has agreed to time charter-out the SBI Puro to a major European charterer for 10-13 months at $13,800 per day.
bodes well for cape deliveries later in year. they are getting above market rates.
"we are also in the final stages of developing new innovative Bear Creek products that we expect to launch starting the fall soup season. We have expanded our distribution of Maple Grove Farms' pure maple syrup, and new Maple Grove Farms' salad dressing into club stores late in the fourth quarter. So far, sales are off to a strong start."
they seem optimistic about those two brands. A single serve bear creek soup or other items would be good product. i never tried the soup because just to much soup.