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.






.

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.......

Well, that explains those big trades, and also greatly reduces the free float of stock. Possibly now a takeover cannot be ruled out ?


Global Oceanic Carriers Ltd
29 May 2007

Holdings in Company

Global Oceanic Carriers Limited (AIM:GOC), the Greek-based drybulk shipping
company, today announces that it has been informed that on Friday, 25 May 2007,
Trafalgar Funds and Argo Global Special Situations Fund sold their entire
portfolio, of 18,612,931 shares and 6,646,435 shares respectively, at 1.18 per
share to Solstice International Investments Inc (Solstice).

International Trading Inc, a company of which Michael Tartsinis (the CEO of the
Company) is director, also transferred 761,449 shares to Solstice and a further
5,737,477 to Tildough Holdings Inc (Tildough) at 0.74 pence per share plus a
contingent right to equity in Solstice/Tildough. This was International Trading
Inc's entire shareholding in the Company and represented all the shares that
Michael Tartsinis was directly or indirectly interested in.

Michael Tartsinis and Antonis Nikolaou (another executive director of the
Company) are both associated with Solstice and Tildough and will be appointed
directors of both companies in due course.

As a result of the transactions Solstice International Investments Inc. holds
26,020,815 ordinary shares in GOC representing 65% of the issued share capital
of the Company.

Tildough Holdings holds 5,737,477 in GOC representing 14.3% of the issued share
capital of the Company.

Commenting on the transaction Michael Tartsinis, Chief Executive Officer at
Global Oceanic Carriers said 'I would like to thank Trafalgar and Argo Funds for
their commitment to GOC. The new structure is committed to the company and aims to keep on track with company's business plan for fleet expansion through timely and selective acquisitions'.

- Ends -

For further information:
Global Oceanic Carriers Limited
Michael Tartsinis, Chief Executive Officer Tel: 00 30 210 898 6362
mtartsinis@gocarriers.com www.gocarriers.com


Jefferies International Limited
Andrew Meigh Tel: +44 (0) 20 7618 3500
ameigh@jefferies.com www.jefferies.com

Media enquiries:
Abchurch
Henry Harrison-Topham / Charlie Jack Tel: +44 (0) 20 7398 7700
henry.ht@abchurch-group.com www.abchurch-group.com

L2 all blue.

4 v 5 @113/120

Buys been going through at 118p, if we see that rise to 120p for buys we could be on for a few more ticks up.

Another new ship, and also the charter rate is up again on the new ship.

http://www.investegate.co.uk/Article.aspx?id=20070710074300Z7309


.

Nice rise.

This looks good, just breaking out on very good volume:

Indeed.

BOUGHT 10k @ 1.3280

CLASSIC BREAKOUT AND RELEVANT SECTOR

OC

Don`t forget Globus Maritime, shares down today but looks to pay out a 50% dividend next year.
In the same business as GOC, probably sensible to have stake in both.
I have a stake in Globus and looking for dip in GOC to buy in.
Regards.

wonder why the heavy volume of last few days.......

Jolly nice rise recently, and today :)

from hemscott board:

GOC announced friday that a very significant stake had changed hands at 40% above the mid price. The shares currently trade at 122p, the stake changed hands at 165p. Note the broker forecasts and yield forecast below. Usually trade stocks but i think i'll tuck more of these away as a bid looks a certainty and at least over the 165p the stake changed hands. Looks a great growth prospect this one, with eps forecast at 36.65p for 2009 we should be looking at a shareprice valuation of approaching 700p on sector valuation. A nugget indeed and a 5 bagger to boot. Steam in.


GOC Forecasts
Year Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield
31-May-08 26.37 n/a 20.52p 5.9 0.0 +143% 14.60p 12.9%
31-May-09 n/a n/a 36.65p 3.3 0.0 +79% 18.14p 16.0%

Thanks for that, Kate. I've held these before and have come back in today.