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Ardmore Shipping Corporation (ASC)

NYSE - NYSE Delayed Price. Currency in USD
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3.4700-0.0500 (-1.42%)
At close: 1:00PM EST
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  • A
    Anonymous
    Loading up on January 2.5 calls now at 55 cents while the stock is at 2.9. Should easily be at 3.5 or higher within the next 2 months
  • W
    Winston
    ASC has not yet bought back any shares. That jump in activity and stock price the other day was an institution loading up. This will not be an easy win. It could take a year for the product tanker market to recover, but it will and ASC stock will recover. If you don't have a strong stomach, you should not invest in individual stocks.
  • D
    Dome
    Why is ASC publicly traded company? Take it private and save us all a headache please.
  • R
    Roman
    So they bought the ship to make losses even bigger than without that ship. Also with 6M loss in Q3 to make a statement of very strong year to date performance is hilarious. They will go BK if tanker rates remain at this level for less than a year. Share price will be under 2$ very soon, one big investor need to sell...
  • R
    Roman
    Buy back approved for 30M Very good move. Congrats!! Bottom is done, from now on 4$ would be real pricing
  • W
    Winston
    ASC is currently selling for less than a recent buyout offer that it rejected. ASC further stated that the offer was so ridiculously low that it was not even worth considering. As a value investor the current price of ASC is so compelling that buying in appears to be impossible to resist. Perhaps because of its small size I believe the market has clearly overlooked this one. At the current stock price I like it even more than STNG, which I also like. If you review the management team's decisions over the years you will note that the management team is among the best there is (IMHO).
  • Y
    Yahoo Finance Insights
    Ardmore Shipping is up 7.89% to 3.28
  • M
    Mark
    Market cap just dropped below 100 million, unbelievable.
  • C
    Charles
    $60 million in liquidity at end of quarter, $75 million pro-forma after drawdown and net proceeds of ship held for sale. Debt service for next 4 quarters is $36 million. Talk of BK is foolish. Company can withstand another year of low rates, but I expect rates to begin picking up later this month.
    Bullish
  • R
    Roman
    My 2.98$ on Friday was so cool entry LOL
  • M
    Mark
    Current share price $3.03. Cash on hand $2.18 per share based on 30 June financials.
  • Y
    Yahoo Finance Insights
    Ardmore Shipping is up 10.51% to 3.05
  • Y
    Yahoo Finance Insights
    Ardmore Shipping reached an all time low at 2.88
  • Y
    Yahoo Finance Insights
    Ardmore Shipping is up 7.50% to 3.01
  • G
    GM
    $NAT conversation
    Tanker rates surprisingly resilient. One reason: negative vessel supply effect of drawdown of intentional floating storage is (so far) largely being offset by new unintentional floating storage due to escalating China congestion. See new FreightWaves story including data from VesselsValue and Kpler: $NAT $DHT $EURN $FRO $TOPS $STNG $ASC $INSW $TNK $TNP https://www.freightwaves.com/news/china-congestion-and-stubborn-storage-buoy-tanker-rates
    Most floating storage has yet to be unloaded while delays in China are mounting.
    Most floating storage has yet to be unloaded while delays in China are mounting.
    www.freightwaves.com
  • G
    GM
    $DHT conversation
    Crude/product tanker owners reporting enormous quarterly profits this week. Simultaneously, investors are dumping tanker stocks. See new FW story for details on what’s going on + latest analyst commentary: $DHT $EURN $INSW $FRO $NAT $STNG $ASC $TNP $NNA https://www.freightwaves.com/news/investors-dump-tanker-stocks-just-as-tanker-profits-soar
    Public tanker owners post impressive earnings on an ugly day for tanker stocks.
    Public tanker owners post impressive earnings on an ugly day for tanker stocks.
    www.freightwaves.com
  • B
    Brian
    $EURN conversation
    $EURN earning tomorrow. Own most vessels and undervalued oil tanker company. It will bring more positive sign for oil tanker industry. Stay strong $EURN $DHT $INSW $FRO $NAT $STNG $ASC $TNP $NNA
  • G
    GM
    $SSW conversation
    No one should be surprised by this, but narrative emerging from US-listed ocean shipping CEOs is that coronavirus downside is inherently finite, ergo market will overshoot to upside when coast is clear. See FreightWaves coverage of today’s $ASC and $DAC calls: https://www.freightwaves.com/news/public-shipping-execs-face-more-coronavirus-questions
    Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.
    Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.
    www.freightwaves.com
  • A
    A
    $FRO conversation
    $FRO coming next week! What a beautiful green day, finally! The true investors who saw *red* the past week &more), I stand with you!

    Forgive me if my values are not 100% correct, the point is ALL POSITIVE GREEN.

    Ticker Date Q1 EPS Dividends
    $ASC 5/5/20 0.20 EPS 0.00
    $DHT 5/5/20 0.44 EPS 0.00
    $STNG 5/6/20 0.82 EPS 0.10
    $NNA 5/6/20 0.94 EPS 0.30
    $INSW 5/7/20 1.12 EPS 0.00
    $EURN 5/7/20 1.05 EPS 1.10
    $DSSI 5/8/20
    $FRO 5/14/20
    $NAT 5/18/20 0.14
    $TNK 5/22/20
    $TNP 6/4/20
  • G
    GM
    $EURN conversation
    Floating storage is far from dead in the water. Still building, should still be building into at least next month, then 6-12 months to unwind and get all tankers back to regular trading. See FreightWaves article RE: latest CEO comments, including $EURN and $INSW call quotes: $DHT $FRO $NAT $STNG $ASC $DHT https://www.freightwaves.com/news/floating-storage-is-far-from-dead-in-the-water
    There’s still too much oil in the world and tankers are still filling up with the overflow.
    There’s still too much oil in the world and tankers are still filling up with the overflow.
    www.freightwaves.com