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Volume is steadily increasing and price is slowly moving up too...
Yes, valuebuddies are bitting liao!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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SSC, the overlooked leveraged BOND structured by Veteran shipping tycoon Ow CK?
If anyone who is looking to invest in shipping trusts, they may be better looking at this COMPANY since there are no fanciful financial engineering here just plain ability to tap on connections that help lock in super long contractual agreement with blue chip shipping companies and arbitraged the contract against cheap funding over similar duration.
There are no secret ingredient here just plain experience, acument, hardwork and patience to secure and structure lucrative deals... how lucrutive... only time will tell...
For a conservative tycoon to leverage up to 100% gearing to set sail on a new voyage after cashing up before GFC, I dare to place my blind faith in CK Ow. Certainly very minimal Chow Kuan here.
Vested
Minor Core
GG
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Agreed.
It's a clear, clean, well-operated biz. In fact, we can expect results to show soon, 2015 onwards..
In OW we trust!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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Still cant understand why people willing to stay vested in rickmers and first ship lease. They pay out so little after so much leverage yet SSC pays out a decent yield before all the leverage
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27-11-2014, 06:31 PM
(This post was last modified: 27-11-2014, 06:32 PM by Nick.)
(27-11-2014, 04:40 PM)Damien Wrote: (27-11-2014, 04:11 PM)safetyfirst Wrote: Still cant understand why people willing to stay vested in rickmers and first ship lease. They pay out so little after so much leverage yet SSC pays out a decent yield before all the leverage
If you guys are interested in SSC, you will definitely be interested in CHina Merchants Pacific. Good Yield without a full payout.
Hardly comparable companies.
On another note, pleasantly surprised by the rising trend. It would seem more people are taking notice of the significant increase in SSC earning power once all the vessels are delivered.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.