Category: Rickmers

Sell @ $0.325. Decided to take yet another huge realised loss. No more Shipping Trusts left. Even though they now appear stronger in their balance sheet, they are still highly geared and vessels are not as easy to lease out (vs REITs assets) and their numbers (of vessels) are not large enough to minimise the impact of defaults. 😀

sell @ $1.05. Contra off since it’s up 4cts, make some kopi-$$$ 1st. 😉

Buy @ $1.01. Yield @ 11.812%. Main risks are weakness of US$ and shipping down turn. Finally got xtra $$ to avg down 🙂

Sell @ $1.25. Went up 5cts today, maybe due to UOBKH report. 😀

Sell @ $1.17. Contra off my recent buys. Q’d after lunch and wanted to switch to FSL if done but was out the whole afternoon, so no chance to buy FSL @ $1.19 😀

Buy @ $1.15 and $1.13. Yield @ 10.771% and 10.961%. Keep dropping, FMR must be selling again 🙂

Buy @ $1.20. Yield @ 10.413%, finally same as FSL! FMR continues to sell down, may drop further. 😉

Buy @ $1.34. Another stk that has no bottom 😀

Buy @ $1.36. Getting cheaper every day! Yield @ 9.128% using Yahoo Exchange Rate 1.4503. STI 3314 (-32)

Buy @ $1.42. Recently xd and today dropped -4ct. Yield @ 8.742% using Yahoo exchange rate 1.4472. 😀