2Yr·

"Charter rates for container ships are plummeting, reaching the level of two years ago at record speed"

Source guidants

https://www.godmode-trader.de/artikel/hoffnungsschimmer-fuer-die-inflation-jetzt-brechen-die-charterraten-massiv-ein,11343632

Position halved

23.09

Triton Intl

Sold at €58.12

8 Comments

Tabularasa@Tabularasa

2Yr

Wow thanks for this article... I'm really in the red so I don't even dare to halve etc.. I think I'll have to sit it out and hope that the freight rates will explode again at some point while I'm still alive. 😢

I wonder why there was talk in various articles that things wouldn't return to normal until mid-2024 and now, a month later, everything is heading back towards normal.

Alternatively, would it be a good idea to churn in the next few years to push down the entry price? Or rather with a big minus (get out/halve)? Or hold?

Edit:
Position is actually full. Will there be any changes to the dividends that have already been predicted? MPC should actually be paying out in week 39 now.

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Tabularasa@Tabularasa

2Yr

Here is a copy/paste/translation of MPC Container Homepage...

Oslo, August 18, 2022

The distribution will be made from the previously paid premium, which will be transferred from the company's premium account.

Distribution amount: USD 0.19 per share

Declared currency: USD. Payments to shares registered with Euronext VPS are paid in NOK.

Last day inclusive right: September 21, 2022

Ex-date: September 22, 2022

Effective date: September 23, 2022

Payment date: September 29, 2022

The 0.19$ are safe for now September, had bought 4k at ~2.40€ in August.
What about the forecast dividends according to Finanzen.net?
Will there be a big change soon when container prices return to normal?
And here copy/paste the table from Finanzen.net

MPC Container Ships ASA Registered Share Key figures

2021|2022e|2023e|2024e

Dividend in USD
0,95 0,64 0,67 0,60

Dividend yield (in %)

3,87..36,74..38,42..34,25

Earnings/share in USD
- 0,83 0,90 0,81

P/E RATIO
9,55 2,09 1,95 2,16

Hope you can help me a little further this was my first big investment for dividends

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Dividende > Zinsen@GoDividend

2Yr

@Tabularasa I cannot and must not recommend them to you.
I halved a position because I expect business to be worse in the future. In this respect, my investment case has changed at this point and prompted me to take this action.
And I'm sure that's what you're doing too, right?
If nothing has changed in your attitude, you don't need to act.

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Dividende > Zinsen@GoDividend

2Yr

@Tabularasa Perhaps you could give the opinion of the entire community on the investment decision for the share. I don't know mpc at all 😅

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Tabularasa@Tabularasa

2Yr

@GoDividend I didn't actually expect business to deteriorate until the middle/end of next year because the order books are full.
The 30% drop in the share price hurts a lot at the moment, but I don't know whether this is profit-taking or due to inflation... I suspect both. How realistic do you think it is for the share price to reach €2.40 again?

I would hate to leave the position with a loss of over 1k+

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Dividende > Zinsen@GoDividend

2Yr

@Tabularasa Even if everything returns to normal, I'm curious to see how long it will take for my positions to make up for a 30% drop 😅 Crystal ball. 2 years? 10 years? Unfortunately, I can't give you an answer. We are all feeling the pain at the moment. Take a look at my portfolio. It's down a total of around 16% this year too. But as I wrote last night, I'm sticking with it and increasing my positions further (always according to weighting, always following the strategy)

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Tabularasa@Tabularasa

2Yr

@GoDividend ok, that's understandable. as you've probably already read/seen, I'm renovating my depot and the current situation and finances are pulling the project along.

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Tabularasa@Tabularasa

2Yr

@GoDividend rather reluctantly. Just thought that because it's the same industry you might be able to help a bit

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