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Mercator Lines
Mr. jay08 & Mr.sandpm:- Reply Fast & Soon
Posted by :
Wajid-ParkarTracked by: 0 Boarder
Mercator Lines :- BUY or Wait ?
Mercator Lines going upto which level
Rs.....???
Mr.joy08 & Mr.sandpm : Reply Fast and Soon.
SIGMA TANKERS POOLS EXPANDS FLEET
Friday, 10 October 2008
US-based Heidmar says that Indian-based Mercator Lines, China-based China Shipping Development and and German-based Conti Reederei are to join the Sigma Tankers pool and that Emirates Trading Agency of Dubai, an existing member of both Sigma and the Heidmar managed Dorado Tankers pool, will be entering two more vessels into Sigma Tankers.
Mercator and China Shipping, also members of the Dorado Tankers pool, will enter one vessel each into Sigma Tankers. Conti will take delivery of two coated LR2 tankers from Hyundai Heavy Industries in 2009. These two vessels have been fixed on time charters and will be entered into Sigma Tankers at the end of these charters.
Sigma Tankers recently entered the clean LR2 trade with the delivery of two newbuildings in July and September. Further expansion into this market will continue with three additional LR2 tankers being delivered to the pool over the next four months by China Shipping and by ETA.
Heidmar says: “These and other committed ships will bring the Sigma Tankers vessel count to over 30 ships by early 2009. In addition, Sigma Pool members have more than 30 aframax and LR2 tankers on order.
Tim Brennan, President and CEO of Heidmar, said: “We are always delighted to welcome new pool members, but it is also very gratifying to have existing pool members enter additional vessels into Heidmar pools.”
...
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joy08 & sandpm :- Reply Fast :-
Posted by : Wajid-ParkarTracked by: 0 Boarder
Mercator Lines :- BUY or Wait ?
Mercator Lines going upto which level
Rs.....???
Mr.joy08 & Mr.sandpm : Reply Fast and Soon.
SIGMA TANKERS POOLS EXPANDS FLEET
Friday, 10 October 2008
US-based Heidmar says that Indian-based Mercator Lines, China-based China Shipping Development and and German-based Conti Reederei are to join the Sigma Tankers pool and that Emirates Trading Agency of Dubai, an existing member of both Sigma and the Heidmar managed Dorado Tankers pool, will be entering two more vessels into Sigma Tankers.
Mercator and China Shipping, also members of the Dorado Tankers pool, will enter one vessel each into Sigma Tankers. Conti will take delivery of two coated LR2 tankers from Hyundai Heavy Industries in 2009. These two vessels have been fixed on time charters and will be entered into Sigma Tankers at the end of these charters.
Sigma Tankers recently entered the clean LR2 trade with the delivery of two newbuildings in July and September. Further expansion into this market will continue with three additional LR2 tankers being delivered to the pool over the next four months by China Shipping and by ETA.
Heidmar says: “These and other committed ships will bring the Sigma Tankers vessel count to over 30 ships by early 2009. In addition, Sigma Pool members have more than 30 aframax and LR2 tankers on order.
Tim Brennan, President and CEO of Heidmar, said: “We are always delighted to welcome new pool members, but it is also very gratifying to have existing pool members enter additional vessels into Heidmar pools.”
...
Repy Fast:-
Posted by : Wajid-ParkarTracked by: 0 Boarder
SIGMA TANKERS POOLS EXPANDS FLEET
Friday, 10 October 2008
US-based Heidmar says that Indian-based Mercator Lines, China-based China Shipping Development and and German-based Conti Reederei are to join the Sigma Tankers pool and that Emirates Trading Agency of Dubai, an existing member of both Sigma and the Heidmar managed Dorado Tankers pool, will be entering two more vessels into Sigma Tankers.
Mercator and China Shipping, also members of the Dorado Tankers pool, will enter one vessel each into Sigma Tankers. Conti will take delivery of two coated LR2 tankers from Hyundai Heavy Industries in 2009. These two vessels have been fixed on time charters and will be entered into Sigma Tankers at the end of these charters.
Sigma Tankers recently entered the clean LR2 trade with the delivery of two newbuildings in July and September. Further expansion into this market will continue with three additional LR2 tankers being delivered to the pool over the next four months by China Shipping and by ETA.
Heidmar says: “These and other committed ships will bring the Sigma Tankers vessel count to over 30 ships by early 2009. In addition, Sigma Pool members have more than 30 aframax and LR2 tankers on order.
Tim Brennan, President and CEO of Heidmar, said: “We are always delighted to welcome new pool members, but it is also very gratifying to have existing pool members enter additional vessels into Heidmar pools.”
...
Current Market cap is less than the RIG expected next qtr
Posted by :
jay08Tracked by: 0 Boarder
Hi,
In the anticipation of global slowdown and commodity demand destruction Baltic Index has corrected below 30% of the High.
All the shipping related STKs are tumbling down and hence the weekness in Mercator continues.
Long term support seems to be around 20-26.
Safely invest when Baltic Index turns or USA market stabilizes ,till then hold onto your cash.
Happy investing!...
In reply to:
Current Market cap is less than the RIG expected next qtr
Posted by : sandpm
be assured that this is a future combination of mini-ONGC, mini-RELIANCE, mini-GE Shipping, mini-Dredging Corporation Of India, mini-Gujarat NRE coke.
So, when this is so many minis why the hell is it quoting below 60 levels?
Much beyond common sense of me!! 
Current Market cap is less than the RIG expected next qtr
Posted by : sandpmTracked by: 0 Boarder
be assured that this is a future combination of mini-ONGC, mini-RELIANCE, mini-GE Shipping, mini-Dredging Corporation Of India, mini-Gujarat NRE coke.
So, when this is so many minis why the hell is it quoting below 60 levels?
Much beyond common sense of me!!...
In reply to:
Current Market cap is less than the RIG expected next qtr
Posted by : sandpm
Current Market cap is less than the RIG expected next qtr
Why Mercator is falling. It is ridiculous. This is what stock market is. No logic on the upside & no logic on the downside.
Be assured that the entire (current) Market Cap is just a part of the total assets of the company. The current market cap is around 900 levels and that is just equivalent to the RIG that they are getting next quarter.
Now, come the ships, mohzambique, dredgers etc., etc.,
Now, even if Mercator closes or goes bankrupt today, the assets should fetch them atleast rs. 50 or 60 rupees.
So, the min. value of Mercator is around 50 to 60 and hence, I also bought around that level.
What a non-sense level is this?
Current Market cap is less than the RIG expected next qtr
Posted by : sandpmTracked by: 0 Boarder
Mercator is quoting at foolish levels. I may agree if some flat which is currently quoting at 50 lakhs in Bangalore or Mumbai comes down to 10 lakhs or 5 lakhs. But I can`t just agree that Mercator falls to below 50 or 60 levels. This is just ridiculous....
In reply to:
Current Market cap is less than the RIG expected next qtr
Posted by : sandpm
Current Market cap is less than the RIG expected next qtr
Why Mercator is falling. It is ridiculous. This is what stock market is. No logic on the upside & no logic on the downside.
Be assured that the entire (current) Market Cap is just a part of the total assets of the company. The current market cap is around 900 levels and that is just equivalent to the RIG that they are getting next quarter.
Now, come the ships, mohzambique, dredgers etc., etc.,
Now, even if Mercator closes or goes bankrupt today, the assets should fetch them atleast rs. 50 or 60 rupees.
So, the min. value of Mercator is around 50 to 60 and hence, I also bought around that level.
What a non-sense level is this?
Mercator, Bajaj, hindalco
Posted by : retrobrokerTracked by: 0 Boarder
agreed.. but given the sinking baltic index...and global recession mercator might really not go anywhere past 60....also chances are once it breaks its resistance of 35 it is headed for sub 30 levels which is when iw ould enter this stock....
In reply to:
Mercator, Bajaj, hindalco
Posted by :
Guest
sell your house and buy mercator lines, bajaj hindustan, hindalco.. all trading much below book value.. will jump on slightest recovery
Mercator, Bajaj, hindalco
Posted by : GuestTracked by: 0 Boarder
sell your house and buy mercator lines, bajaj hindustan, hindalco.. all trading much below book value.. will jump on slightest recovery ...
Mercator to give 60-80% returns during bounce
Posted by : avrochanTracked by: 1 Boarder
Just see Karuturi Global a fine stock with 74% Foreign investment, from 23 Rs. fell to 9, it came like an earthquake (2/3 days fall). In fact, that is the most safest valuable diamond stock in India, with expansion of business in the African country in million hectar land of flower and agriculture, vegetable etc. A great stock, I recommend to buy at such low price of 10 Rs. which will be doubled in a week. It is no realty/infra/steel/cement. It will fetch upper circuits soon. Watch....
In reply to:
Mercator to give 60-80% returns during bounce
Posted by : avrochan
Dear Sand, I did not mean to hurt your confidence and feelings, shipping industry as a whole is going to suffer, already suffering, this was a strong sector not had much impact, when I saw that news of "going to suffer" I exited. Later several times, I saw in Bloomber shipping industry hard hit recently. we all know MLL is a multibagger script, but I am a regular viewer of Bloomberg news and I very well knew that MLL and other shipping companies are going to crash, it hit 35/- no need for a bet, but it will break even 32 or 30 and trade below 30. When market get positives, this stock will be back which originally has a Rs.320 target beginning of this year. We will get it back. The only thing is accummulate if it falls below 30 and take a 5 fold six months later. That`s it. There is one more danger pausing all stocks with foreigners investment, they are passing through bad time for funds and they may offload their shares which is happening. Even there are rumours that Chevron may offload their 5% from RPL in which case the great blue chip can fall below 100 levels to 2005-06 of 66. U.S. is completely shattered. Anything can happen temporarily. Accummulate if RPL hits 2005 levels as almost all stocks are hitting 2005 levels, including Mercator which is 30. Thanks =AVRO=
Dear avrochan,
1. If it falls to Rs. 32 then I would sell my house & buy this stock. I missed this opportunity 2 years back.
2. I would give you Rs. 1 lakh when this gem would reach Rs. 200 or more in next 3 to 5 years for sure.
Thanks,
SandPM.
Mercator to give 60-80% returns during bounce
Posted by : avrochanTracked by: 1 Boarder
Dear Sand, I did not mean to hurt your confidence and feelings, shipping industry as a whole is going to suffer, already suffering, this was a strong sector not had much impact, when I saw that news of "going to suffer" I exited. Later several times, I saw in Bloomber shipping industry hard hit recently. we all know MLL is a multibagger script, but I am a regular viewer of Bloomberg news and I very well knew that MLL and other shipping companies are going to crash, it hit 35/- no need for a bet, but it will break even 32 or 30 and trade below 30. When market get positives, this stock will be back which originally has a Rs.320 target beginning of this year. We will get it back. The only thing is accummulate if it falls below 30 and take a 5 fold six months later. That`s it. There is one more danger pausing all stocks with foreigners investment, they are passing through bad time for funds and they may offload their shares which is happening. Even there are rumours that Chevron may offload their 5% from RPL in which case the great blue chip can fall below 100 levels to 2005-06 of 66. U.S. is completely shattered. Anything can happen temporarily. Accummulate if RPL hits 2005 levels as almost all stocks are hitting 2005 levels, including Mercator which is 30. Thanks =AVRO=
Dear avrochan,
1. If it falls to Rs. 32 then I would sell my house & buy this stock. I missed this opportunity 2 years back.
2. I would give you Rs. 1 lakh when this gem would reach Rs. 200 or more in next 3 to 5 years for sure.
Thanks,
SandPM....
In reply to:
Mercator to give 60-80% returns during bounce
Posted by : sandpm
ok. what is the challenge ?
I am still confident that it would give 60% returns, which is nothing but a price of 80 from current levels.
Please let me know, your mobile no. I will call you once Mercator reaches 80 levels by January.
Thanks,
SandPM
* In my previous posts, please read let as lend. But I was joking. But if somebody is serious but lending money (without interest), then I am also serious.
and impacting the shipping industry too.../
Posted by : sandpmTracked by: 0 Boarder
you might be true. but Mercator is well diversified & doesn`t rely only on Shipping.
Thanks,
SandPM...
In reply to:
and impacting the shipping industry too.../
Posted by : ash...!!
Akin to the airline industry, the global credit crunch is set to have an adverse impact on the shipping industry as well. And the Indian shipping companies have also been entangled in this web. As per reports in a leading business daily, Indian ship owners have outlined an investment to the tune of US$ 20 bn to replace part of their ageing fleet and expand cargo capacity. Given that many of them depend upon European banks for financing, the latter being embroiled in the credit crisis means that financing is most likely to get hard to come by. The Indian ship owners have so far considerably relied on European banks for their financing needs, as the funding from these banks is cheaper than local funds.
While owners finance 20% of the cost of a ship, the balance 80% will have to be financed by debt and therein lies the problem. Debt is expected to become more expensive as banks charge more to wriggle themselves out of risks. In the long term, things might get smoothened out given that investment in shipping is a long-term commitment. However, the scenario in the medium term seems tough. Infact, the situation is not likely to improve until banks clean up their books and when this is likely to happen is anybody`s guess. What does seem imminent is that the situation is not likely to change for the better next year atleast.
and impacting the shipping industry too.../
Posted by : ash...!!Tracked by: 0 Boarder
Akin to the airline industry, the global credit crunch is set to have an adverse impact on the shipping industry as well. And the Indian shipping companies have also been entangled in this web. As per reports in a leading business daily, Indian ship owners have outlined an investment to the tune of US$ 20 bn to replace part of their ageing fleet and expand cargo capacity. Given that many of them depend upon European banks for financing, the latter being embroiled in the credit crisis means that financing is most likely to get hard to come by. The Indian ship owners have so far considerably relied on European banks for their financing needs, as the funding from these banks is cheaper than local funds.
While owners finance 20% of the cost of a ship, the balance 80% will have to be financed by debt and therein lies the problem. Debt is expected to become more expensive as banks charge more to wriggle themselves out of risks. In the long term, things might get smoothened out given that investment in shipping is a long-term commitment. However, the scenario in the medium term seems tough. Infact, the situation is not likely to improve until banks clean up their books and when this is likely to happen is anybody`s guess. What does seem imminent is that the situation is not likely to change for the better next year atleast....
Current Market cap is less than the RIG expected next qtr
Posted by : sandpmTracked by: 0 Boarder
Current Market cap is less than the RIG expected next qtr
Why Mercator is falling. It is ridiculous. This is what stock market is. No logic on the upside & no logic on the downside.
Be assured that the entire (current) Market Cap is just a part of the total assets of the company. The current market cap is around 900 levels and that is just equivalent to the RIG that they are getting next quarter.
Now, come the ships, mohzambique, dredgers etc., etc.,
Now, even if Mercator closes or goes bankrupt today, the assets should fetch them atleast rs. 50 or 60 rupees.
So, the min. value of Mercator is around 50 to 60 and hence, I also bought around that level.
What a non-sense level is this?...
Today Target.
Posted by :
SAMRAMTracked by: 10 Boarders
wait wait wait. don`t do anthing for sometime...
In reply to:
Today Target.
Posted by : SAMRAM
50+ levels is possible. Don\\`t buy now.
32 down target
Posted by : retrobrokerTracked by: 0 Boarder
i am not aware of any liquidity problems...this stock i gave a sell call at 59 levels and never bought it....now at 42.. still some paint left at 35 levels vbuy into this script but this will be bullish only when its over 80 and that might take sometime...
In reply to:
32 down target
Posted by : bhuptgu_1
Can you sugeest y the liquidity problem is there in MLL
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