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Ship Finance International Limited Message Board

staggman99 260 posts  |  Last Activity: 2 hours 19 minutes ago Member since: Nov 1, 2006
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  • Reply to

    SFL is popping on todays news

    by sarge198502 May 29, 2015 10:18 AM
    staggman99 staggman99 May 30, 2015 7:28 AM Flag

    ed...fear not, because you are 'one of the best' investors on this message board...I always read your messages 'with great interest' as you always have real boots on the ground...! Special thanks, for always sharing your on-going wisdom with all of us...! Stagg...!

  • Board members...some of us 'ate a lot of crow' when SDRL discontinued it dividend....the fact is, that I was wrong again, because SFL 'is shining a lot brighter' than I predicted it would...! I'll be back later after I finish eating my steak, lol...! Good luck to all...! Stagg...!

  • staggman99 staggman99 May 30, 2015 7:03 AM Flag

    k-bon...SFL will get 27.7% of the future profit, 'not the revenue'...because of lower operating costs (fuel and lease payments) and higher tanker rates, I feel that FRO is 'very over-sold' at this share price level...FRO is not one of my holdings because it has no current yield, but I also feel that FRO may be turning the corner on the way to future profits (which is also excellent for SFL)...! Stagg...!

  • staggman99 staggman99 May 29, 2015 6:33 PM Flag

    k-bon...I think you got it correct...a little over a half a share of FRO for every share of SFL or maybe about $1.75 to $1.80 cash a share to the SFL shareholders....! Regardless, it is a great deal for the SFL shareholders (if they choose to return 'all of it' to the shareholders)...and the future looks very bright...! Stagg...!

  • Reply to

    SFL increases divvy:

    by bobdbeck May 29, 2015 11:07 AM
    staggman99 staggman99 May 29, 2015 4:37 PM Flag

    hocky...the deal with SFL and FRO will add about $1.80 a share in value to the SFL stock on 07/01/15 and' will enhance' the future earnings of SFL (this is pretty sweet for the SFL shareholders)...it also gives on-going 'cost lease savings' to FRO....! Stagg...!

  • Reply to

    SFL increases divvy:

    by bobdbeck May 29, 2015 11:07 AM
    staggman99 staggman99 May 29, 2015 2:37 PM Flag

    Board members...my 'very poor math' says that the SFL/FRO deal will add about $1.80 cents a share in real book value (cash) to SFL...I don't know how much will be returned to the SFL shareholders, or how it will be returned, but percentage of new ownership is a strong plus for SFL and the shareholders...! It also looks like the general market feels the same, judged by the current increase in share price...! Stagg...!

  • Reply to

    SFL is popping on todays news

    by sarge198502 May 29, 2015 10:18 AM
    staggman99 staggman99 May 29, 2015 2:29 PM Flag

    k-bon...a special dividend is always better than a sharp stick in the eye regardless of how we receive it...the West Taruras is guaranteed by SeaDrill for 9-14 years and is now on a sub-charter to Conoco Phillips for 5 years...

    168 million dollars (est.) will be available to SFL from the 'percentage of new ownership' of FRO, which would be about $1.80 a share in (est.) increase in book value (this is my math)...SFL is on a strong roll, relax and enjoy it as the best is yet to come...

    I don't know how much of an increased in book value will be returned to the SFL shareholders or if SFL will use some of it for forward growth (but it is a strong increase in book value which enhances the stock value)...! Enjoy the ride, this is why we invest our funds (the only losers are the investors that do not own any SFL stock)...! Stagg...!

  • Reply to

    SFL is popping on todays news

    by sarge198502 May 29, 2015 10:18 AM
    staggman99 staggman99 May 29, 2015 11:01 AM Flag

    sage...I agree and they have stated that there may be more shares to current SFL share holders or a special dividend (and they already increased the dividend a little bit)...! Sometimes it pays to keep the faith...! Stagg...!

  • Reply to

    THE NEW SFL & FRO DEAL...!

    by staggman99 May 29, 2015 7:40 AM
    staggman99 staggman99 May 29, 2015 10:52 AM Flag

    k-bon...I strongly suggest that you put a 'stop loss order' on SFL and then stair step it up...SFL turned in strong earnings and the deal with FRO has the looks of a winner to me (another plus)...of course, I am a investor and not a trader...! I was wrong on SDRL because of the dividend cut...but I have been dead on the money on SFL...! Stagg...!

  • Reply to

    HERE IS ANOTHER DAISY...!

    by staggman99 May 22, 2015 10:44 AM
    staggman99 staggman99 May 29, 2015 8:03 AM Flag

    sarge...I like the new deal between SFL and FRO, I also think the SFL shareholders will get more shares or a special dividend in the future because of it...LMLP has been 'on a strong roll' and I feel longer term we are fine with MLPL...

    These 2x ETN's can go up or down very quick (twice the action with the same amount of invested funds)...! Keep up the good postings as I always enjoy your fresh input...! Stagg...!

  • Board members...unless I am missing something (???), the new SFL and FRO deal 'looks pretty good' for the SFL shareholders, it will 'reduce debt pressure' on FRO and add more profit to SFL...i.e. SFL will own about 27% of FRO and will get 50% of the profit sharing with a lower threshold level (was 25% at a higher threshold and FRO will now pay quarterly profit shareing to SFL)..it also looks like SFL has about 20 million dollars coming in current profit sharing and SFL shareholders will probably get some extra shares or maybe a special dividend...

    I ran most of this information pretty fast so 'it may not be quite right', so feel free to add to or change what I have posted...! Stagg...!

  • Reply to

    KTF/PML

    by shuching4 May 27, 2015 10:05 PM
    staggman99 staggman99 May 28, 2015 8:04 AM Flag

    guys...I like FFC (yield about 7.9%), CEFL (yield about 20.2%) and DVHL (yield about 14.5%) and they all pay monthly...! Not tax free but a good place to park some cash until it is needed...! Stagg...!

  • Reply to

    Bought VALE today...

    by rbgambler99 May 26, 2015 10:51 AM
    staggman99 staggman99 May 27, 2015 11:57 AM Flag

    gambler...I bought more NMM (yield about 16.6%) and KCAP (yield about 13.6%) today because I feel they are both over-sold (plus they have a nice yield)...my ETN's are still running strong (MLPL, DVHL, CEFL, BDCL and LMLP) and I plan to add more NRZ (soon) as it still has a lot of upward push...! Stagg...!

  • Reply to

    HERE IS ANOTHER DAISY...!

    by staggman99 May 22, 2015 10:44 AM
    staggman99 staggman99 May 24, 2015 8:02 AM Flag

    ed...it seems like most high yield stocks do offerings when the share prices starts getting a lot stronger...high yield stocks return so much of their profit to the share holders (by law or otherwise) that the only way they can grow their business is by stock offerings...

    I like my NMM (at this time), but as/if they keep doing better, I am sure we will see another stock offering...NMM (yield about 16.2%) is one of my core holding that is 'currently doing pretty good' because of the high yields (Total Returns) and my dollar cost averaging on it....! Stagg...!

  • Reply to

    OT: FPI & LAND

    by pay.back37 May 22, 2015 1:53 PM
    staggman99 staggman99 May 22, 2015 7:20 PM Flag

    pay.back...I strongly advise against making any type of Agriculture investments at this time...land prices are high and could go even higher, but they are very over-valued...all grain prices are in the dumps and I don't see much chance of an improvement in the future...we now have mountains of grain (corn, soybeans, wheat and etc.) that cannot be sold or used...land value should be based on the percentage of profit that it can produce (forget that)...

    Last year I had the best corn crops that I have had in my lifetime and it was a type of GMO corn...my corn last year had 22 rows of grain to the ear and most of the time my corn has 14 to 16 rows of grain per ear (last years corn crop was about 25% better than any corn I have ever grown)...what happens in the future when they develop a corn that makes its own nitrogen like soybeans do (???)...what happens in the future when corn has three or four good ears per plant (???)...grain prices will continue to retreat just like oil did because of fracking...

    I have a grand-daugher-in-law that is an Biological Engineer (Purdue Grad.) that is working on some wonderful stuff that will make our life a lot better, it will also make some food very, very cheap (it has already started)....I will be lucky to have three to five more profitable years left in farming...my future income on the farms will be from timber, coal leases, hunting and fishing rights, land use, but not much from farming...! I already make a lot more off of my investments than I do farming...! Stagg...!

  • Reply to

    HERE IS ANOTHER DAISY...!

    by staggman99 May 22, 2015 10:44 AM
    staggman99 staggman99 May 22, 2015 1:23 PM Flag

    k-bon...I have research TICC in the past and decided to enhance some of my other current holdings first (as most of them continue to do well)...I no long hold AWLCF but it is still on my watch list and I track it...

    That said, how about SDRNF for a growing company that could shine bright some day in the future (they just got another nice contract in the Gulf of Mexico and will drill in the same oil field of the blow-out of the Deep Horizon)...sure cannot lose much money on it, lol (1,000 shares would cost about $60.00)...! Always, check out the company's websites on yahoo research (profile)...! Stagg...!

  • Reply to

    HERE IS ANOTHER DAISY...!

    by staggman99 May 22, 2015 10:44 AM
    staggman99 staggman99 May 22, 2015 11:17 AM Flag

    sarge...MLPL is very sweet as is BDCL...however, all of my (2X) RTN's including LMLP, CEFL, DVHL 'are doing fine' with LMLP being the current leader in Total Returns...I need to take some profit on BDCL but I am to greedy to move some of those funds into lower yields...

    That said, I am wanting to add more KCAP, NMM and NRZ as they are all at the top of my current buy list (old habits are hard to break)...! Many will disagree with me because at this time, I am seeing some of the best value in the markets that I have seen in my lifetime (it does look like I sold ADM to soon as it went up about 13% after I sold it, cannot win them all)...! Stagg...!

  • staggman99 by staggman99 May 22, 2015 10:44 AM Flag

    Board members... BDCL (yield about 22.7%) has been one of my core holdings for over two years...at this time in, Common Returns (by share price only), I am down about -17% on it over two years...however, when I add back my Total Returns (price plus yields) for over the last two years I am up about 11.5% a year (and lately it has been making a slow and steady increased in share price)...the Total Returns for BDCL over the last 3 years are 76%...

    Some may feel that I am 'cherry picking the dates' on Total Returns, but the fact is, the longer an investor holds a high yield stock the greater the Total Returns are (and if the yields are compounded they will be even a lot more)...we cannot run long term Total Returns on high yields 'without' using longer term dates, lol...! Just something else to think about because the high yields keep adding up...! Stagg...!

  • Reply to

    SFL is smiling -Up she goes--- $16 is coming

    by sarge198502 May 21, 2015 10:30 AM
    staggman99 staggman99 May 21, 2015 10:53 AM Flag

    sarge...SFL (yield about 10.6%) is smiling at me also, lol...my guess is, that earnings will probably be strong when released on 05/25/15....at this time the short , medium and long term technical indicators I use are an average 80% buy...current ROE is a strong 10.4% and the one year forward price target is $18.79....! SFL is always slowly growing and glowing...! Stagg...!

  • Reply to

    any interest in Wal-Mart

    by sarge198502 May 19, 2015 9:09 AM
    staggman99 staggman99 May 20, 2015 9:29 PM Flag

    sarge and k-bon...still feeling very rough, but I did add more NMM (yield now about 16.4%) today and plan to scrap up enough funds to add more NRZ and KCAP...I may also take 'some long term' profit on BDCL (yield about 17.7%) for portfolio core balance...

    That said, for some reason LMLP, (yield at least 11.4% and pays monthly) has been 'making a nice steady run' and I am well in the money on it (Total Returns and otherwise)...WMC (yield about 18.1%) has also been making a slow and steady run upward in share price...! Stagg...!

SFL
16.71-0.29(-1.71%)Jul 30 4:00 PMEDT