Epic : GOC

Web site : http://www.gocarriers.com/

Global Oceanic Carriers Limited (GO Carriers) is a Jersey Channel Islands registered company and is a fully integrated shipping company comprising ship ownership, management, chartering, brokering, and through its strategic partnerships, ship building and repair concentrated within the dry bulk sector.



Superb summary here : http://boards.fool.co.uk/Message.asp?mid=10520002

And the new contracts announced today have just increased the earnings figures in the TMF summary post.






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Well, the SP is off 1p on the day so far, but this seems to have loosened up the trading a bit, with 138K traded and buys:sells at 2:1.

GOC Bid: 115p Offer: 120p Change: -1

Suprisingly strong for a Friday (when short terms profit take) after a decent rise. I'll keep adding bits at a time.

200p target price for me..... :)

Up now, though: GOC Bid: 120p Offer: 121p Change: 2

Although not quite as high at the finish: GOC Bid: 117p Offer: 122p Change: 1

273K traded, which was quite high volume for this stock. Buys:sells about equal.

more to come next week? I hope so.

Wishing all you Goccers a good weekend.

ST.

Just as a comparison of the Industrial Transportation sector from Digital Look in general, from the latest figures today, from their site. Its different operations, just from the same "sector" as a general comparison :


Christian Salvesen (SVC) Price = 64p / 07/08 EPS forecast = 3.58p / P/E = 17.9
Broker Rec : Sell

Braemar Seascope (BMS) Price = 437.75p / 07/08 EPS forecast = 37.64p / P/E = 10.7 Broker Rec : Strong Sell

Goldenport (GPRT) Price = 385.5p / 07/08 EPS forecast = 35.41p / P/E = 10.9
Broker Rec : Buy

Global Oceanic Carriers (GOC) Price = 119.5p / 07/08* EPS Forecast = 21.71p P/E = 5.5 Broker Rec : Strong Buy

(* 07/08 will be current year come 1st June 07)


The good thing also is for GOC the 08/09 EPS forecast (will become forward forecast EPS come 1st June 07) is 33.33p which means the PER falls to times 3.6, which likely explains the broker Strong Buy rating.

Wow - that means that on current SP, the PEG from 07/08 to 08/09 would be 0.072.

A good bit of research, PP - thanks!

Will be adding on any weakness, perhaps could have taken a gamble on buying a few more from the outset...

Agreed, BT. However, I think at this PE and with the future looking so good, there is unlikely to be very much weakness. It's less about what happens over the next week or so, and more about where this is going to be next summer, but PDYOR and make up your own mind :o)

GOC Bid: 120p Offer: 124p Change: 2.5, 57K traded.

I notice that the spread this morning was 2p, 120/122 but has since widened to 4p.

In the end, it didn't really do much today, did it?

There is not many shares available to the MM.

Ticking up on small volumes today.

Morning all.

Down sharply today, but the big news is that somebody dumped 5.7 million shares at 74p. the trade is designated "B", and has precipitated a few panic sales. Any clues as to what this "B" indicates?

Perhaps there'll be an RNS tomorrow. I'm content to hold. Perhaps this incident will produce a buying opportunity, too.

GOC Bid: 105p Offer: 112p Change: -9

TRADE TYPES:-

O ORRDINARY TRADES
K BLOCK TRADE
M MARKET MAKER TO MARKET MAKER
NM NOT TO MARK
P PROTECTED PORTFOLIO
RO RESULT OF OPTION
AT AUTOMATIC TRADE RT SEATS RISK TRADE
VW VOLUME WEIGHTED AVERAGE PRICE
B BROKER TO BROKER
LC LATE CORRECTION
N NON PROTECTED PORTFOLIO
NR ORDINARY SEATS TRADE
R RISKLESS PRINCIPAL AT DIFFERENT PRICE
X AGENCY CROSS OR RISKLESS PRINCIPAL AT SAME PRICE
T SINGLE PROTECTED TRANSACTION

Thanks Halifax! Have pasted it to a safe place!

The MM's sure know how to scare some people into selling :)

If you look at the trade times, you'll find the 74p trade (owing to their size) happened some time ago........likely when the price was near 74p...? :)

They are naughty some times the way they report their "L" trades (and yes, its now "L" (Late reported) after corrections and deletions)

Why has'nt GOC reported these transactions as required by AIM?

They are registered overseas and are not required to report these transactions. If they were registered in the UK in the UK, the buyer or seller would have to report the trades to them, and they report to the market.

As they are not registered in the UK, nobody has to do anything.

Spoke to GOC they say they will issue a news release either later today or early next week, nothing to be concerned about.

PP pse read the AIM admission document GOC was incorporated in Jersey on 21/12/2004 and has follow the rules of the AIM market.

Yep, but as incorporated in Jersey they do not have to report major shareholder transactions.

That is only UK registered companies.

Ones registered in Bermuda, Jersey, or where ever do not have to, however, they normally do......provided the person doing the trade informs the company.

Even then I can point you to many RNS's from UK registered companies where the Holdings RNS comes out over 3 months after the trade has taken place.......