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Price has gone up I think investors believe Samudera should reap the benefit of lower bunker fuel price which is now lower by 50% compared to 6 months ago. The saving would be significant because fuel alone takes up 50% of the ship operating cost. In the 2013 annual report, the cost of sale is USD 381 million.
Vested
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01-02-2015, 10:35 PM
(This post was last modified: 01-02-2015, 10:44 PM by kelvesy.)
I was thinking about this stock for some time after writing my first reply. So I took some time to analyse this company, and analyse it along with Penguin. To me, it is very simple. I like a company that grows and earnings are always the thing that propels a stock price to go up.
Penguin's debt is zero compared to Samudera Shipping (declining) debt
Penguin has better net profit margins.
Penguin valuations are better.
Samudera Shipping has more assets backing.
Penguin's business is more familiar and perhaps, investors would assign a premium due to familiarity and a bettter shareholder base.
Samudera Shipping would've been an excellent buy if I caught it last year.... That being said, the net profits has already exceeded the previous highs set in recent years, so it is a promising sign!
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Samudera's NTA USD46.60cts. Based on 40% discount, Samudera should worth at least 37cts.
My personal opinion only!