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Ship Finance International Limited Message Board

bill3442li 63 posts  |  Last Activity: 16 hours ago Member since: Jan 16, 2008
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  • Reply to

    Will TAP split?

    by kimdeaton1 Nov 24, 2015 7:44 PM
    bill3442li bill3442li 16 hours ago Flag

    i would think need sustained above $100. they may issue shares to pay for acquisition. that would be better than a split. i would like them to keep debt low as possible and keep increasing dividend.

    The transaction will be financed through a combination of cash on hand and proceeds from issuances of new debt and equity. Molson Coors has received committed debt financing from Citigroup Global Markets, Bank of America Merrill Lynch and UBS Investment Bank.

  • bill3442li by bill3442li Nov 28, 2015 11:36 AM Flag

    last couple of fixtures have been at or above break even. the layups seem to be helping. last one says was 10000 gbp which turns to 15k usd.

  • Reply to

    EA as standalone company long term?

    by islandcwboy1972 Nov 23, 2015 12:00 PM
    bill3442li bill3442li Nov 28, 2015 1:25 AM Flag

    why would disney buy. they sell the license to star wars ip and take no risk. if microsoft bought would lose half of sales immediately if cut off PlayStation. google has shown no interest in big budget games. why would they buy studio that supplies two rival consoles? too shutter it? at 21 billion cost to google?

  • bill3442li bill3442li Nov 28, 2015 1:17 AM Flag

    i agree i sold too low bought at $16 sold in $40's but looking to get in if price is right. everyone doesn't realize how much they pay for nfl , nhl, ufc and star wars licenses. when is all said and done they dont make as much as you would think. original ip is where its at.

  • Reply to

    What is the bear case here?

    by jrock42002000 Nov 25, 2015 10:01 PM
    bill3442li bill3442li Nov 27, 2015 2:31 PM Flag

    the words are important, notice it says these four vessels and not future vessels. if they add more such as possibly the ridgebury suezmaxes which are for sale

    NAT has announced the acquisition of two 2010 built Suezmax tankers. The first one was taken over by us on September 22, 2015 and the second ship was delivered to NAT on October 29, 2015. At this time, our fleet stands at 26 ships of which one newbuilding is planned for delivery in 2016 and a second newbuilding in early 2017. No equity offering is planned in conjunction with the addition of these four vessels.

  • Reply to

    why is this company so down?

    by barrytmiller2000 Nov 18, 2015 5:05 PM
    bill3442li bill3442li Nov 27, 2015 2:12 PM Flag

    Mike Webber - Wells Fargo
    Okay, that’s helpful. And then finally, again, kind of what I’m asking you guys is the main question. You’ve been pretty clear about it for a couple quarters now in terms of when you’re going to look at addressing dividend policy. But I’m just curious quarter-over-quarter some progress, has there been any change in the way you guys have thought about the timing and/or the magnitude? And then if you think about your business today, kind of what the percentage of operating cash flow is that you think you need to keep at a minimum?

    John Hadjipateras - Chief Executive Officer, Dorian LPG Ltd.
    Well, we need to keep. Well, last quarter we spent 25% of our free cash flow on a repurchase. And all this, I think everybody will agree, there’s good value there in repurchasing of these prices. Some people suggested that is a good level to think off as a ongoing dividend policy, but – or 25% some people suggested up to 50%. And I’m not – I wouldn’t be opposed to that, but the key consideration that we have and that we repeated is that we will consider once we start accumulating cash. And this is now in the process of happening happily I should say.

  • bill3442li bill3442li Nov 26, 2015 12:20 PM Flag

    idk but i like getting rid of capes. they are least versatile for trade. also they are doing a reverse stock split. i got notification to vote my shares

  • Reply to

    why is this company so down?

    by barrytmiller2000 Nov 18, 2015 5:05 PM
    bill3442li bill3442li Nov 26, 2015 12:16 PM Flag

    only 2 more ships to go! hopefully start the payout 1 qtr

    Sentiment: Buy

  • Reply to

    What is the bear case here?

    by jrock42002000 Nov 25, 2015 10:01 PM
    bill3442li bill3442li Nov 26, 2015 12:04 AM Flag

    the selling is profit taking. now one knows what will happen next. will us frackers cut cost enough to stay relevent. will offshore become unsustainable? will mid east drive everyone out of business?

    bear case is
    1 they may have to issue shares to expand/replace fleet. Nat fleet is old, many are dancing around 20 years old mark which is end of life for publicly listed company. they have started to address this tho
    2- oil becomes such a glut that no transport is needed, which i find implausible
    3- no conference call- this draws Eire of analysts who dont play there game and go to conferences.i suspect this is why such little coverage on wall street. i have to agree,its not acceptable to not have one these days.
    4- trading way above nav of fleet. Nat has done this thru history because of full payout model
    bull case-

    1- strong us dollar will make importing oil to us cheaper
    2- strong dollar will make buying Korean new builds cheaper
    3-saudis/iran have no pipelines for them to win price war will need to have tankers. they can produce at $20 a barrel. if frackers go under oil will need to be imported again. they offer discounts to asia to win contracts. the price of transport is usually irrelevant on a million barrels of oil.
    4-best in industry breakeven rates.
    5-if you email company you will get a response.

    Sentiment: Buy

  • Reply to

    Bad Weather

    by yes_free_will Nov 19, 2015 5:27 PM
    bill3442li bill3442li Nov 25, 2015 11:02 PM Flag

    yields down 20%

    We are seeing pricing increasing. And it’s slow, but it’s everywhere, across the globe. So it is increasing. But regards predicting yields, we have standard 30-year averages, and we are below those based on the weather that was - that occurred on - across the globe and two of our main production areas, and actually in three of them.

    So it’s just - it’s a very uncommon experience to have two areas down. In other words, if the Southern Hemisphere is down, usually the Northern Hemisphere is up or vice versa. But we hit some extremely hot weather at pollination time, some winds and some things, so we didn’t get complete pollination in some areas. And that resulted in a lower yielding crop. So to anticipate where we are, all we can do is continue to ramp up acreage and try to get a buffer in to enhance our capability of being the reliable supplier.

  • Reply to


    by bill3442li Nov 24, 2015 12:41 PM
    bill3442li bill3442li Nov 25, 2015 2:01 PM Flag

    yeah i was going by memory. Buy low, and sell lower. .great strategy right lol. 30 million they bought them for . baltic dry at all time lows. im pretty sure things can only get better next year. actually more than i thought they would get for a non eco ship.

  • bill3442li by bill3442li Nov 24, 2015 12:41 PM Flag

    the handys sold for 10.6 million a piece to german buyers.

  • Reply to

    Bad Weather

    by yes_free_will Nov 19, 2015 5:27 PM
    bill3442li bill3442li Nov 24, 2015 7:34 AM Flag

    when yields go down pricing goes up to offset somewhat .But they have said it has been slow increasing. there cost may go up as have to source seeds from others. they talk alot about it on conference call. you can read the transcript online.

  • Reply to

    why is this company so down?

    by barrytmiller2000 Nov 18, 2015 5:05 PM
    bill3442li bill3442li Nov 21, 2015 2:07 PM Flag

    the price will rise once div start. analysts have been saying that orderbook is too much for supply. but main pressure IMO is the fracking bust. The main theme to this investment was surplus US LPG being exported. i think the threat is overblown.

  • Reply to

    hope price stays down until after my div

    by garner1 Nov 18, 2015 10:22 AM
    bill3442li bill3442li Nov 21, 2015 7:36 AM Flag

    isnt that because they are individual holdings in the bank, etfs, funds? vanguard is top holder in every stock.

  • Reply to


    by yank_mydoodleitsadandy Nov 18, 2015 2:35 PM
    bill3442li bill3442li Nov 20, 2015 9:22 PM Flag

    may get bump when Scorpio management announces how much stock they bought. If they didnt i would be very worried.

  • Reply to

    tax inversion

    by bill3442li Nov 20, 2015 7:40 AM
    bill3442li bill3442li Nov 20, 2015 4:21 PM Flag

    they just announced sounds like doesnt apply to this one here is excert. more can be found online

    The Treasury Department on Thursday released new rules to restrain U.S. companies from putting their addresses in foreign countries to reduce their tax bills.

    The changes will make it harder for U.S. companies to buy a company in one foreign country and locate the combined entity's address in a different country. They also would limit companies' maneuvers before a merger to make a foreign company look bigger and thus escape existing U.S. tax restrictions.

  • bill3442li by bill3442li Nov 20, 2015 7:40 AM Flag

    with new tax inversion changes is the merger still valid?

  • bill3442li bill3442li Nov 14, 2015 12:34 AM Flag

    20 years is all that can be expected. frontline just cannned a 17 year old. the cost to bring a 20 yr old up to speed is not worth it. especially with all new regulations about to take effect. ballast, emissions etc. you could go past 20 but cost is not worth it. that is why there is no listed company with an active 20 year old in spot market. no western charter will take chance after exxon valdez. NAT is one of biggest positions in my portfolio with a 7.44 average cost. but i expect the 97 and 98 ships will be sold at 20 years and nat will b running in place for next few years. but you should b owning this stock for dividend and nothing else.

    Sentiment: Buy

  • Reply to

    distressed buying.

    by bill3442li Aug 29, 2015 1:53 PM
    bill3442li bill3442li Nov 13, 2015 7:13 AM Flag

    tradewinds has confirmed that these talks are ongoing. question is how do they pay for it. issuing equity at theses levels would be bad idea. i guess Norwegian bonds? As dollar strengthens over the next few years should make the bonds cheaper to pay back come tim to call

    Sentiment: Buy

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