Interesting, I had recently considered selling my TISG shares (I've been holding them for about 9 months, a subsequent purchase at the beginning of the year, performance almost exactly +-0%). In the end, I decided against it after the earnings report was quite encouraging, but they are not quite so firmly in the saddle in my portfolio at the moment...
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@DieEnte7 Exciting, what do you think speaks in favor of a sale?
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@fiducation So one of the main reasons was the accident you mentioned. It now seems quite certain that this was not related to a design fault, but if it was, I think it would be a debacle for the company. The risk is difficult to assess from media reports and as I have no idea about shipbuilding and the legal consequences of such a scenario, it was a bit much "uncertainty" for my taste. Given their market capitalization, I would have been unsure whether they would survive a possible conviction for misconduct.
The example of Meyer-Werft in Germany also shows that a good order situation does not automatically mean that the company is doing well. Although TISG and Meyer are two different companies, a few similar problems can certainly occur there too. In my view, both factors together have increased the risk of the share without at the same time increasing the opportunities, hence the idea of selling. At the moment, however, the factors are not yet strong enough for me to abandon my original investment case. But I'll keep a closer eye on this in the coming weeks.
The example of Meyer-Werft in Germany also shows that a good order situation does not automatically mean that the company is doing well. Although TISG and Meyer are two different companies, a few similar problems can certainly occur there too. In my view, both factors together have increased the risk of the share without at the same time increasing the opportunities, hence the idea of selling. At the moment, however, the factors are not yet strong enough for me to abandon my original investment case. But I'll keep a closer eye on this in the coming weeks.
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@DieEnte7 It is safe to assume that it was not a design fault. The hatches were probably open and the 10-meter keel was not extended. Hence the lawsuit, which could actually be an opportunity in this context.
Cruise ships and superyachts are two different segments. If you compare it with the clothing industry, Louis Vuitton achieves different margins than H&M.
TISG, for example, is also renovating Putin's alleged ship at the moment. In case of doubt, these are customers who are happy to pay a premium for secrecy. Morally questionable, but definitely more exciting than Meyer Werft for investors.
Cruise ships and superyachts are two different segments. If you compare it with the clothing industry, Louis Vuitton achieves different margins than H&M.
TISG, for example, is also renovating Putin's alleged ship at the moment. In case of doubt, these are customers who are happy to pay a premium for secrecy. Morally questionable, but definitely more exciting than Meyer Werft for investors.
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@fiducation Phew, just now I read about the lawsuit AGAINST the widow of the victim... that worries me, so if there was no damage to their image before, now they have. Who would have thought of that?
Then there are reports that the cooperation with Armani is in jeopardy and some customers have put their orders on hold. I'll have to take a look at this at my leisure, but it doesn't seem all that exciting to me.
Then there are reports that the cooperation with Armani is in jeopardy and some customers have put their orders on hold. I'll have to take a look at this at my leisure, but it doesn't seem all that exciting to me.
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@DieEnte7 That's exactly why the widow and the crew are being sued. The lawsuit also suggests that there were no construction problems. Otherwise you would hardly be suing.
Also in bad taste in this case, but perhaps the very small group of HNIs tick a little differently than the majority of society.
Also in bad taste in this case, but perhaps the very small group of HNIs tick a little differently than the majority of society.
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@fiducation Nevertheless, this leaves a strange aftertaste. The market cap is 440 million and the company is being sued for 220. The figure has to come from somewhere, so if that really is the amount the company is using to quantify the damage to its image, then the correction so far seems very small to me. And as I said, if I were an HNI and heard that my widow could be sued by the shipbuilder if I sank on their ship, I would be outraged. And I don't think they can afford too many outraged customers. I hadn't even read that yet (thanks for that!), but it could be "the final straw" for me... 🤔
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@DieEnte7 For us it was a nice way to get started, it's a question of observation.
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@fiducation It would be boring if everyone had the same strategy, so good luck! 😜 However, I've done a bit of reading and may swap the position as soon as I've found a replacement that convinces me.
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