shareswizard of 9years and still going strong

11thfebuary 2012-LOOK AT WHAT I BOUGHT,WHAT I DUMPED!!

2012-02-11T03:23:00.000+08:00

HUAT AH!!(STRIKE RICH)

I BOUGHT PUT WARRANTS FOR HANGSENG KNOWINGLY THAT USA HAS A STRONG POSSIBILITY OF STARTING 1ST WEEK OF RETRACEMENT BUT I DID NOT PANIC SELL MY MERCATOR BECAUSE I KNOW SHIPPING STOCKS WILL SURGE DURING SP500 RETRACEMENT PERIOD!!!

HOW I KNOW?PLEASE LOOK AT 2010 1ST RETRACEMENT PERIOD THAT IS AFTER THE 10WEEKS UP.THIS 10WEEKS UP IS AFTER THE EURO CRISIS IN 2010.

DEJAVU OF 2010!!!!!!!!!!!

IT IS INCREDIBLE THAT BEING HEDGED ACTUALY MEAN ONE GO UP,THE OTHER GO DOWN,BUT IN MY CASE,BOTH MY SHORTS(HSI PUT WARRANT) AND MY SHIPPING STOCK WILL SURGE UP!!!!

AS IN THE MACDONALDS MENU: DOUBLE PROSPERITY BURGER!!!!

10th feb2012-TONITE SP500 MUST NOT END BELOW 1335,OWISE TIS WEEK WILL BE COUNTED AS THE 1ST WEEK OF RETRACEMENT

2012-02-10T09:15:00.001+08:00

I DONT LIKE THE USA LATE SELLING LAST NIGHT.SUSPECTING WHETHER WAS LAST WEEK OF 2% GAINS = LAST WEEK,10TH WEEK OF GAINS???
AS 2% IS VERY MINIMAL, I AM WONDERING WHETHER IT IS SUFFICIENT TO DEFINE IT AS THE 10TH WEEK???????????????OR WHETHER THIS UPTREND WILL TAKE MORE THAN THE USUAL 10WEEKS(AS IT HAPPENED BEFORE)

AS LONG AS SP500 TONIGHT ENDS ABOVE 1335,THIS MARKET IS STILL UPTRENDING UNTIL HITTING 1380 OR ABOVE.

TODAY IS THE 4TH DAY AFTER 3 CONTINUOUS FLAT DAYS,STRANGE THINGS ALWAYS HAPPEN ON 4TH DAY-EITHER SURGE OR PLUNGE--TAKE NOTE!!
YESTERDAY MARKET WAS FLAT HAS NOTHING TO DO WITH GREECE UNABLE TO HIT A DEAL.

STILL IM CAUTIOUSLY OPTIMISTIC..IT WILL BE A SMALL RETRACEMENT SO IF SP500 ENDS <1335 TONITE,JUST LIGHTEN UP A BIT OF POSITIONS IF YOU R INTO MARGIN

10th feb2012-here are mercator financials from http://sg.finance.yahoo.com/q/ks?s=EE6.SI

2012-02-10T01:21:00.000+08:00

Data provided by Capital IQ, except where noted.

Valuation Measures

Market Cap (intraday)5: 229.13M

Enterprise Value (Feb 9, 2012)3: 451.65M

Trailing P/E (ttm, intraday): 26.14

Forward P/E (fye Mar 31, 2013)1: N/A

PEG Ratio (5 yr expected)1: N/A

Price/Sales (ttm): 1.52

Price/Book (mrq): 0.55

Enterprise Value/Revenue (ttm)3: 3.16

Enterprise Value/EBITDA (ttm)6: 8.01

Financial Highlights

Fiscal Year

Fiscal Year Ends: 31 Mar

Most Recent Quarter (mrq): Dec 31, 2011

Profitability

Profit Margin (ttm): 6.62%

Operating Margin (ttm): 11.88%

Management Effectiveness

Return on Assets (ttm): 1.60%

Return on Equity (ttm): 2.42%

Income Statement

Revenue (ttm): 142.93M

Revenue Per Share (ttm): 0.11

Qtrly Revenue Growth (yoy): -10.90%

Gross Profit (ttm): 82.00M

EBITDA (ttm)6: 56.39M

Net Income Avl to Common (ttm): 9.46M

Diluted EPS (ttm): 0.01

Qtrly Earnings Growth (yoy): -76.80%

Balance Sheet

Total Cash (mrq): 16.74M

Total Cash Per Share (mrq): 0.01

Total Debt (mrq): 255.53M

Total Debt/Equity (mrq): 65.08

Current Ratio (mrq): 0.65

Book Value Per Share (mrq): 0.31

Cash Flow Statement

Operating Cash Flow (ttm): 52.26M

Levered Free Cash Flow (ttm): -2.24M

10th february2012-THIS IS THE FIRST WEEK MERCATOR VOLUME BY THURSDAY,9TH IS ALREADY MORE THAN 5M SHARES TRADED!!

2012-02-10T01:13:00.000+08:00

THIS IS A FRIENDLY ADVICE:GET IN TO MERCATOR,EE6.SI IN THE EARLY STAGES,1ST WEEK OF HEAVY VOLUME.

DONT BE THE LAST TO JOIN THE PARTY!

LAST TIME,MERCATOR HAD A SUDDEN SPIKE UP IN WEEKLY VOLUME WAS IN 2009,AND IT NEVER LOOKED BACK SINCE,RISING 400% IN 4 MONTHS

WHY MERCATOR IS A ASTOUNDING BUY?
EVEN IF YOU DONT BELIEVE IN TECHNICALS,HERE ARE THE COMPANY FUNDAMENTALS.

1)THE COMPANY IS GOING TO LIST ITS COALMINING UNIT IPO IN SINGAPORE/LONDON(U CAN READ THE CEO'S INTERVIEW IN ONE OF THE POSTS BELOW)
2)BDI IS AT THE LOWEST IN 25YEARS
3)DESPITE IT IS A SHIPPING LINE,IT IS STILL PROFITABLE AFTER SO MANY YEARS OF TUMULTOUS TIMES!!
4)IT IS AWARDED ONE OF SINGAPORE'S MOST TRANSPARENT COMPANIES.

THANK YOU

9th feb2012-I DUMPED SINOTEL AT 22C(THE HIGHEST)

2012-02-09T15:42:00.000+08:00

AMID SHOUTS OF JUBILATION,I DUMPED MY SINOTEL AT 22C THIS MORNING,NET PROFIT $29,500 SGD.I SHOUTED"GO TO HELL" WHEN I DUMPED.

RECHANNELLED MY PROFITS TO MERCATOR,EE6.SI

HAHAHAHA

7th february 2012-I WENT FOR A VACATION FROM INTERNET BLOGGING AS ALL MY STOCKS SURGED!!

2012-02-07T00:43:00.002+08:00

AS I SAID BEFORE-THIS IS THE STOCKMARKET SURGE WHETHER THERE IS CRISES OR NOT-AND IT IS NOT DUE TO "HELICOPTER BEN PRINTING MONEY" STORY.
STOCKMARKET HAS TO GO UP TO "ENSURE" ECONOMIC RECOVERY AND ALWAYS USES REVERSE PSYCHOLOGY.IF YOU ARE A NEWS BELIEVER,PLEASE QUIT THE STOCKMARKET RIGHT NOW

MERCATOR-EE6.SI SURGED UP 30% FROM MY BUYING PRICE IN TWO WEEKS,SWIBER UP 20% FROM MY BUYING PRICE,SINOTEL UP 10%FROM MY BUYING PRICE

THIS WILL BE A FRENZY BULLMARKET TILL APRIL/MAY/JUNE2012.EARN HUGE PROFITS WHILE THE SUN STILL SHINES!

MY NET PROFITS SO FAR IS S$86,000.AIMING FOR A MINIMUM OF S$100K this year end,in february 2012,i already am close to it,OF COURSE MUST MINUS LOSSES HERE AND THERE FROM FUTURE TRADES(NOBODY IS EVER 100% RIGHT)

28jan2012-TALE OF 3 DRYBULK SHIPPERS WITH BDI VALUES ATTACHED

2012-01-28T03:57:00.002+08:00

MOST HILARIOUS IS THAT MERCATOR IS NOT EVEN A 100% DRYBULK SHIPPING COMPANY AND YET IT IS SO BEATEN DOWN!!IT WILL BE A 60% COAL AND 30% SHIPPING IN 2012-meaning IT IS SUPER UNDERVALUED!DID COAL PRICES PLUNGE 90% AS BDI???nope

28jan2012-uncanny similarities REPEATED AGAIN a 100% gain in 4-5months time??

2012-01-28T02:26:00.002+08:00

euro crises part 1:2010
dryships plunged around 50% from 6.6 to 3.2
then drys took 2x 10weeks up AND 1x sp500 retracement period to return back to 6.19usd,a near 100% gain

euro crises part 2:2011
drys plunged from from around 50% from 4.8 to 2.3(the dropping phase)
WILL DRYS TAKE 2X 10WEEKS UP AND 1X SP500 RETRACEMENT PERIOD TO RETURN TO 4.5-4.8 USD??????????????
mercator will hit 26-30c

WE ARE COMING TO THE END OF THE 1ST 10WEEKS UP OF THE 3RD HUMP,1ST 10 WEEKS UP AFTER THE EURO CRISES PART 2...NEXT WEEK WILL BE THE 10TH WEEK WHERE SP500 WILL HIT 1380,BY NEXT FRIDAY CLOSING USA TIME.

IF SP500 10TH WEEK,NEXT WEEK'S FRIDAY REACH ONLY 1344,THEN THE 10WEEKS UP WILL BE LENGTHENED TO 11,12 WEEKS UP

26jan2012-how sp500 10weeks up and consolidation periods fit into dryships chart

2012-01-26T16:18:00.000+08:00

SP500 10WEEKS UP/consolidations WITH DRYSHIPS

Done on 26jan2012

1)1st 9weeks up

Mar9 2009 week to MAY4th 2009 week-

sp500 up from 683 to 929

Drys

Mar2 2009 week to May 4th 2009 week: drys up from 3.34 to 11 highest but close may4th 2009 week at 7.7

2)resting period 1
may11th 2009 week to jul6th 2009 week

sp500 down from 929 to 879

Drys Drop from 7.7 to 5.07

3)10weeks part 2

(jul 13 2009 week- sept14 2009 week)

Sp500 up from 879 to 1068

Drys up from 5.07 to 7.7 but close at 7

4)resting period 2(sept21 week to oct26 week 2009)

Sp500 Close at 1036 from 1068(-3%)

Drys: Down from 7 usd to 5.7usd

5)10weeks up part3(nov2,2009 week to jan4th 2010 week)

Sp500 close at1144

Drys up from 5.8 to 6.6(last week surge)

6)resting period 3(jan11 2010 week to feb1 2010)

Sp500 drop from 1144 to 1066

Drys drop from 6.6usd to 5.16 usd

7) 10weeks up part 4(feb 15 to apr 19 2010)

Sp500 up from 1075 to 1219

Drys up from 5.1 to 6.6(drys hit 6.6 in apr 12 week, apr 19 week close at 5.92

8)resting period 4:week apr 26 2010- week 28th june 2010

DRAMA TITLE:EURO CRISES part A

a)dropping phase- sp500 dropped from 1219 to 1022

drys dropped from 6.56 to 3.2usd

b)rising phase but NOT next 10weeks up(1st testing)

week start 5th july to august 23rd 2010

sp500 rose from 1022 to 1064

drys rose from 3.3 usd hit a high of 4.80 in week of aug9 2010 ,and end at 3.9 usd at week august 23 2010

9)10weeks up part 5

Week August 30 2010-nov 1st 2010 week

Sp500 rose from 1064-1225

Drys rose from 3.9 to 4.6 usd

10)resting period 5-week nov 8 2010 to week nov 22 2010

Sp500 dropped from 1225 to 1189

DRYS ROSE FROM 4.5 to 5 usd

11)12weeks up part 6-nov 29 2010 to feb14 2011

Sp500 rose from 1189 to 1344

Drys rose from 5 to 6.19 on week dec 13 2010, and started tumbling(fake breakout 1) ended feb14 2010 at 4.838

12)resting period 6-

DRAMA TITLE:Euro crises part B

a) dropping phase

april 25 week 2011-sept 26 2011week

sp500 dropped from 1370 to 1130

drys drooped from 4.8 to 2.34 usd (hitting low of 2.1on aug 8 week)

b) rising phase but NOT next 10weeks up

oct3 2011 week –nov21 2011

sp500 rose from 1130 to 1158

drys DROPPED from 2.34 to 2.15 usd(hitting 1.75 low on oct 3week)

13) 10weeks up??part 7-

Week nov 28 2011- week ??

Sp500 rose from 1158 to 1380

Drys rose from 2.15 to

23jan2012-assuming if this statement comes true and coal prices dont fall from here,mercator is VERY UNDERVALUED NOW

2012-01-23T04:24:00.003+08:00

"By the next fiscal year, the coal business will likely account for 60% of the total revenue, while shipping will diminish even further as we have no plans of expanding it for now," Mr. Agarwal said.

MY COMMENTS-ASSUMING COAL PRICES DONT PLUNGE FROM NOW.mercator coal biz will be 60% of the revenue, meaning coal fell from (2008 highs)180- 120 now(australian coal price as a reference to mozambique coal price) only a 30% fall whereas BDI fell from 11700 to 860,92% plunge.
we use the ratio of 60% coal,30%shipping to gauge a fair value of mercator's "true" plunge percentage.IF 60% COAL,30%SHIPPING WERE TO STAY,MERCATOR SHOULD BE VALUED AT 0.6 X 30% + 0.3 X 90% = 45% FALL IN THE PRICE FROM 76C HIGHEST IN 2008 TO AROUND 42C,WHICH IS ALSO AROUND THE COMPANY'S NAV.

13c to 42c SUCH A HUGE GAP !!!!

13C IS A FAIR VALUE IF MERCATOR IS 100% INTO SHIPPING BUT IT IS NOT.IT IS A ENERGY AND TRANSPORTATION PLAY.

look at cosco china,1919.hk.it is not in coal mining so the price of 4.4HKD from 40s HKD is a fair and just valuation of BDI plunge amount of 90%

--THE AUTHOR IS CURRENTLY VESTED

23rd jan2012-why mercator lines is a screaming buy

2012-01-23T03:03:00.002+08:00

business June29 2011,3.38a.m. ET
Mercator Plans Share Sale for Singapore Coal Unit IPO ..

By ANIRBAN CHOWDHURY

MUMBAI – Mercator Lines Ltd. plans to raise $150 million by January via an initial share sale of its Singapore-based coal exploration and mining unit, the managing director of the Indian shipping and logistics company said.

"We will not look at divesting more than 30% of the company's shareholding to the public," Atul Agarwal said recently.

The unit, called Oorja HoldingsPte. Ltd., owns coal mines in Mozambique and Indonesia.

Mr. Agarwal said Mercator will soon appoint bankers for the issue, which is likely to happen either in Singapore or London.

Mercator's listing plan mirrors its increasing shift in focus towards the fast-growing coal business. For the year ended March 31, the company's coal and logistics segment posted sales of 13.88 billion rupees ($308 million), about 49% of its total consolidated sales, and up more than three times in absolute terms from the previous year. In contrast, sales from the shipping business, previously its mainstay, rose just 7% and accounted for 46% of the total.

Mercator isn't alone in shifting away from the shipping business, which is still affected by weak freight and tanker rates despite a recovery in global trade. Essar Shipping, Ports and Logistics Ltd. has hived off and listed its ports business under a separate entity.

"By the next fiscal year, the coal business will likely account for 60% of the total revenue, while shipping will diminish even further as we have no plans of expanding it for now," Mr. Agarwal said.

India's companies are trying to buy coal mines overseas as local supplies aren't enough to meet rising demand for the fossil fuel in the world's second-fastest growing major economy. The power sector is the biggest consumer of coal and more than half of India's power generation capacity of 174.36 gigawatts is coal-based.

Mercator already has a ship-operations unit based and listed in Singapore.

Mr. Agarwal also said Mercator's new coal mine in Indonesia will begin production by December. The company has already invested $12.5 million in the mine, which has reserves of 25 million tons, and plans to invest an additional $12.5 million by December, he added.

Mercator is also in talks with several overseas companies for oil storage and processing contracts, Mr. Agarwal said. It recently signed a pact with U.K.-based Afren PLC for a similar contract that entails the use of a floating production, storage and offloading unit.

Mr. Agarwal said the company will invest in more such units worth $250 million-$300 million each if it gets more contracts.

Mercator, which owns four dredgers, plans to buy two more by December for a total of $30 million-$35 million as it expects more dredging contracts in India, Mr. Agarwal said.

He said the company plans to repay $100 million by the end of March out of a total consolidated debt of 32 billion rupees. Mercator may also raise debt of $35 million this year to fund its expansion plan, he added.

Write to Anirban Chowdhury at anirban.chowdhury@dowjones.com

Mercator Lines to launch IPO of coal division by year-end

Published on Thu, Jun 30, 2011 at 11:30
Source : CNBC-TV18

Mercator Lines to launch IPO of coal division by year-endMercator Lines is planning to launch an initial public offer (IPO) of coal division by year-end, said the company�s Joint MD Atul Agarwal in an interview to CNBC-TV18.

Excerpts from Bazaar on CNBC-TV18

Mercator Lines is planning to launch an initial public offer (IPO) of coal division by year-end, said the company's Joint MD Atul Agarwal in an interview to CNBC-TV18.

The company, he said, will raise USD 150 million by divesting 20% in coal mining arm. "The listing will be outside India, either in Singapore or London."

Below is the transcript of his interview with CNBC-TV18's Udayan Mukherjee and Sonia Shenoy. Also watch the accompanying video.

Q: Can you confirm that you are looking to launch the IPO of the coal mining unit?

A: Yes, we are planning the issue by the year-end for the coal division.

Q: Would it be, as reported, USD 150 million kind of a share sale?

A: We are looking to raise in that region.

Q: USD 150 million?

A: Right, approximately.

Q: By selling how much stake in the coal mining unit?

A: About 20%.

Q: So do you think the coal mining business would have a marketcap of USD 750 million?

A: That is correct. That is what we believe.

Q: Would you do the IPO here in the Indian market or somewhere else?

A: Unlikely in India because coal business is housed in the Singapore subsidiary. So, it will happen outside of India.

Q: In Singapore?

A: Likely, either in Singapore or London Stock Exchange.

Q: What would Mercator's holding in that, would it own 80% of that venture post the IPO?

A: That is correct.

Q: You are not looking to liquidate any further stake in that, right?

A: No.

Q: Is there any talk of a pre-IPO placement at all in that subsidiary?

A: Not as yet.

Q: What kind of revenue and profit profile does the coal mining business have at this point?

A: For the year ended March 31, 2011 i.e. current year, the total revenue from the coal division was roughly USD 280 million. We had a profitability close to about USD 18 million.

Q: What would Mercator want to do with that USD 150 million, if it can raise that through the share sale?

A: It will obviously look at investing it again in the coal business, expanding the coal business further.

Q: You don't want to give back some of that capital to shareholders of Mercator, would you?

A: That is something which has not been decided as yet, that is something we will take a call on as we go ahead.

Q: Have you started discussions with lead managers already?

A: We have discussed with a few, but we have not finalised anything as yet.

Q: So, by when do you think road shows can happen and you can file for a listing?

A: That will not happen probably before October-November because we are targeting it by the year-end.

( Enjoy Moneycontrol.com on iPad and be prepared for a fantastic experience. Get real time stock quotes, interactive charts, market buzz, and watch CNBC-TV18, CNBC Awaaz live on your iPad. Check out the free moneycontrol app. Click here to download now )

Mercator’s 2007 diversification plan shields it in tough times

The decision to branch out into the energy business has partially shielded Mercator from the tough times its peers in the shipping industry are facing because of an oversupply of vessels, low freight rates and mounting lossesP.R. Sanjai Mumbai: At the peak of the shipping industry boom in 2007, Mercator Lines Ltd decided to diversify its business, a decision that predictably met with little approval from experts and analysts.

The right time: Managing director Atul Agarwal says that though many criticized the decision to expand to other businesses, Mercator felt it was the right time to do as it had cash then.

The decision to branch out into the energy business has partially shielded Mercator from the tough times its peers in the shipping industry are facing because of an oversupply of vessels, low freight rates and mounting losses.

“The shipping industry was enjoying golden years during 2005-2007, with high freight rates,” Atul J. Agarwal, managing director of the company, said in an interview. “But during internal discussions, we felt that good things will also come to an end. Though many criticized (the move), we felt that it was the right time to expand into other businesses as we had cash then.”

Mercator, which dropped “Lines” from its name in November to reflect its new businesses, has since ventured into the coal mining, offshore services, dredging and oil exploration-industries that are less cyclical than shipping. For Mercator, the gamble has paid off. It has maintained its profitability even as Shipping Corp. of India Ltd (SCI), the nation’s biggest ocean carrier, reported losses.

Mint’s P R Sanjai says the outlook for Indian shipping remains bleak and that private players like Mercator are diversifying.

Loading Video

“We would like to be known as (an) energy and transportation company in the next three years,” said Agarwal, 54.

Mercator is now in talks with investment bankers for selling shares to the public in its coal mining business for the first time next year, said Agarwal. The company has two coal mines in Indonesia and one in Mozambique. Mercator is also in talks with an Indonesian firm to purchase a coal mine.

Shipping companies are now facing one of the worst times in history, with seaborne trading volume falling 60% since 2007. Mercator posted a net profit of Rs. 21.4 crore in the six months ended 30 September on sales of Rs. 1,584 crore, with the coal business contributing 60% of the revenue, shipping 30%, 5% from dredging, and the rest from services to offshore oil exploration.

In comparison, state-run SCI posted a loss for a third consecutive time in the quarter ended September.

On the other hand, the largest private sector shipping company, Great Eastern Shipping Co. Ltd (GE Shipping), managed to report a net profit in the September quarter, because the company’s offshore business has performed comparatively better than the shipping business and boosted the company’s overall performance.

The financial turmoil across the world has adversely affected the vessel freight rates, with shipowners continuing to scrap vessels since the economic recession, according to rating agency Credit Analysis and Research Ltd (CARE).

“The flow of vessel deliveries during the period of January–September 2011, aggregating 73.8 million gross tonnes, further compounded the problem of shipowners with the existent global fleet already in overcapacity,” CARE said in a November report.

To be sure, SCI always wanted to diversify into other sectors including offshore, but the company’s chairman and managing, S. Hajara, said it is not a great idea to diversify when the economy is slowing.

“I have not seen a recession to this extent for shipping, and in the last 25 years, we have not seen this level of freight rates. Overall, the industry is getting beaten from all sides, including freight rates, rupee depreciation and excess supply,” said B.K. Mandal, director of finance at SCI. “But the offshore segment is doing comparatively better among other shipping verticals.”

Mercator spotted the opportunity of offshore services at the right time and “spread the risk”, said another senior executive at a leading consulting firm, requesting anonymity. “When the company had cash, it bravely explored new avenues. Offshore has assured enough cushion for Mercator.”

Mercator entered the offshore services sector by acquiring a jack-up oil drilling rig in 2007 to help companies explore oil. But the company later sold its two rigs and exited the business. In 2010, Mercator won a contract for providing a floating production unit from the UK’s Afren Plc. This floating production unit is a mix of a mobile offshore production unit (Mopu) and a floating storage and offloading unit (FSO). These are central to a crude oil production and processing facility for an oil field.

On 17 November, a consortium grouping Mercator and Gulf Piping Co. WLL of Abu Dhabi was awarded a contract by Oil and Natural Gas Corp. Ltd. for conversion of its mobile offshore drilling unit (Modu) to Mopu.

“The rig was a commodity business. Mopu and FSO are part of the production process and are specially designed for the company’s requirements. It cannot be replaced by any other Mopu, like a rig. So we are on the revenue side of an oil company with long-term contracts,” Agarwal said.

The consultant cited earlier said Brazil requires more than 50 FSOs while other parts of the world will need 100, and India five more. Mercator plans to bid for more business opportunities on this side.

Agarwal admitted that Mercator has not made much progress in oil exploration. The company has two oil blocks in India in the Cambay basin in western Gujarat.

“We are currently doing a seismic survey on the blocks. We are open to having partners for exploring these wells after surveys,” Agarwal said.

Not everyone is convinced about Mercator’s strategy. Even though Manish Saigal, partner (advisory services) and national industry head of transport and logistics at consulting firm KPMG India Pvt. Ltd, endorses the idea of creating a counter-cyclical business to cut dependency on shipping, he says the businesses should be synergestic and closely linked with a company’s core business.

When a company builds unrelated lines of businesses, the capital market tends to discount valuations, Saigal said.

Mercator, however, has no plans to exit the shipping business.

“Shipping gave credibility to us and we have no plans to exit shipping or downsize,” Agarwal said. “On the contrary, we are not averse to buy old or new ships. There are no immediate acquisition plans; the purchase plans would be opportunity-based.”

The company has plans to buy more dredging ships that are into deepening shipping channels near a port. Mercator owns six dredgers.

pr.sanjai@livemint.com

Post Comments

23jan2012-funny singaporeans still think the BDI plunge is scary--OBVIOUS THEY DIDNT DO RESEARCH INTO EVERY YEAR BDI TRENDS,or he has not come to my blog

2012-01-23T02:20:00.003+08:00

Today 01:52 AM #1 sgbuyers

View Profile View Forum Posts Private Message

Senior Member

--------------------------------------------------------------------------------

Join Date:Sep 2011

Posts:814BDI chart shows china is in deep shiit.

http://www.bloomberg.com/quote/BDIY:IND

BDI fell from 2000 points to 860 points in just 5 weeks!

Something is very wrong.

MY COMMENTS:I HAVE POSTED EARLIER ON THAT BDI ALWAYS PLUNGE IN NOV TO FEB OF NEXT YEAR

22jan2012-NOW COMES THIS NEWS..NEWS IS INDEED CONFUSING RIGHT????LISTEN TO NEWS YOU WILL SURE DIE

2012-01-22T15:51:00.001+08:00

IIF Says Greek Debt Talks Have Not Broken Down

Published: Saturday, 21 Jan 2012
1:15 PM ET Text Size By: Reuters with CNBC.com Twitter

The representatives of Greece's private creditors left Athens on Saturday without a deal on a debt swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters.

However, that doesn't mean that the talks have broken down — "quite the contrary" — a representative for the Institute of International Finance said Saturday.

Reports that Charles Dallara and Jean Lemierre, co-chairs of the steering committee, left Athens "unexpectedly" are "quite untrue" the IIF said.

"Talks are continuing. Mr. Dallara and Mr. Lemierre have had longstanding personal appointments outside of Greece and they both left Athens today for Paris, as had long been scheduled. Their visit to Paris has nothing to do with the PSI discussions," The IIF said. "They are both fully available to the Greek government's leadership by telephone should this be necessary. "

Negotiations were expected to continue over the phone during the weekend but it is unlikely that an agreement can be clinched before next week, sources said, as Athens races against the clock to strike a deal.

A lot of progress has been made on the details of the plan during talks between Athens and IIF chief Charles Dallara, sources say, but any deal needs the approval of the IMF and euro zone countries, who insist on a substantial cut in the debt load.

The IMF and EU countries, and in particular the bloc's paymaster Germany, want to make sure the deal puts Greece's derailed finances back on a sustainable track before they agree to a new, 130-billion euro bailout, which is also crucial to avoid a messy default.

The IMF insists the debt swap deal must ensure Greece's debt burden will be cut to 120 percent of GDP by 2020 from 160 percent now, as agreed at an EU summit in October, and has warned that this is made more difficult by the fact that Athens' economic prospects have deteriorated since.

"Things are complicated, we are getting closer on the numbers but there is still quite some work ahead," one source close to the talks said. "Discussions will continue over the phone this weekend but an agreement is unlikely before next week, if there is an agreement at all."

RELATED LINKS

Current DateTime: 01:03:37 21 Jan 2012

LinksList Documentid: 46068997

Greek Default Won't Lessen Contagion Risk: StrategistGreece, Creditors Near Debt Swap Deal With 70% LossGreek PM Says Hands Off the European Central Bank

A meeting Monday of euro zone finance ministers will be crucial for the debt swap talks. "We will want to test the waters among member states because given the complex connections between private sector and official funding elements, we have to have the backing of member states for a deal," a senior EU source told Reuters.

"The outcome in terms of achieving the debt-to-GDP target will depend on how the debt sustainability analysis is constructed, which is not a precise science but at most a form of art," the source said.

A new analysis of Greece's debt sustainability could be ready before Monday's Eurogroup, or by mid-week, the source said.

The IIF said on Friday that the elements of the deal were coming into place, adding: "Now is the time to act decisively and seize the opportunity to finalize this historic deal and contribute to the economic stability of Greece, the euro area and the world economy."

The statement seemed to be addressing Greece's official lenders, the EU and the IMF, who have driven a hard bargain behind the scenes of the negotiations, insisting that the deal must slash Greece's debt substantially, sources in Athens said.

"The euro zone ministers will examine the proposal and say whether we have a deal. If they say we don't, we're back to the negotiating table," said a banking source close to the talks.

Private bondholders will likely take a hit of 65 to 70 percent on their holdings, with Greece's new bonds featuring 30-year maturity and a progressive coupon, or interest rate, averaging out at 4 percent, another banking official close to the talks told Reuters.

A 15 percent cash sweetener will be made up of short-term bonds from Europe's temporary bailout fund, the European Financial Stability Facility (EFSF) , two sources told Reuters.

Haggling over the coupon had held up the long-running talks as Greece raced to wrap up an agreement, raising the prospect of a messy default when Athens faces 14.5 billion euros ($18.5 billion) of bond repayments in March.

Copyright 2012 Thomson Reuters. Click for restrictions.

22jan2012-a collection of hongkong property analysis

2012-01-22T02:28:00.002+08:00

陪您睇樓──新界東．寶林∕坑口

寶林站及坑口站一帶是將軍澳區較早發展的地方，寶林附近的物業於九十年代興建，樓齡由12至18年不等；坑口的物業較新，樓齡最輕的蔚藍灣畔只有8年，其餘最舊的東港城為15年。寶林的物業只有新都城有會所，其餘屋苑只設簡單設施；坑口的屋苑全部自設會所，硬件上較優勝。若以樓價而論，寶林及坑口區為將軍澳區的中等水平，二手呎價比新發展的將軍澳南平，但比位置偏遠的日出康城高，似乎早先鞭之利並未為寶林及坑口帶來優勢，反而因發展飽和令社區定型，無論商業價值及未來發展也受到局限。

區內住宅物業都在港鐵站附近，最遠的怡心園、慧安園及富麗花園步行至寶林站只需約十分鐘。正因為較早發展，無論在交通及商業發展比起其他地區都贏在起跑線，除了港鐵外，寶林及坑口有多線巴士線前往各區，也一早有通宵巴士接駁，令居民無需在半夜港鐵停止服務後受到交通真空之苦。寶林區有新都城商場，除一般生活所需外，也有戲院等消閒設施；坑口各屋苑都自設商場，各商場定位及格局接近，令人流未能集中，商業檔次未能提升。

將軍澳的商業重心將逐漸向南移，將軍澳站已有將軍澳中心、將軍澳廣場、君傲灣等商場，加上天晉後連接一起，並有兩座酒店，加上前臨大片住宅用地陸續發展，使人流更集中該處，導致新都城商場的重要性相對降低。另外寶林及坑口的用地已用盡，一方面可以解讀為沒有新供應與二手物業競爭，負面一點看就是沒有新物業，同區住客想換樓改善環境只有往其他地區入手，在缺乏俄羅斯公仔效應支持下，樓價最多只能跟大市同步，條件稍遜的更會跑輸。

寶林及坑口區的物業是將軍澳區中最舊的一群，硬件輸蝕，加上從物業代理的數據顯示，部分物業是九七高峰時轉手，價錢仍然未返家鄉，儘管供樓多年已清還不少本金，呎價卻被鄰近的半新樓逐漸拋離，想同區換樓也有一定難度，令該批物業持有人只好繼續持有物業。物業價格除了靠硬件及交通配套支持外，成交量也是指標之一，在欠缺龐大成交量支持下，樓價自然會輸蝕下去。

綜合上面所述，無疑寶林及坑口的物業受到多方局限，但始終有臨近港鐵站的優勢，前往港島東的商業區上班十分方便，為不少承受不起港島樓價的上班一族提供一個平一點的選擇，加上起居飲食等商業配套十分完善，使寶林及坑口區的居住價值得以維持，不過投資價值就欠奉了，只有真正的上蓋物業如新都城、東港城及蔚藍灣畔可以憑地利略為跑贏大市。

22JAN2012-2 CONFLICTING NEWS AT SLIGHTLY DIFFERENT TIMES--WHO TO BELIEVE?i dont care about news.i just know its uptrend UNLESS it breaks the 7th 10weeks diagonal uptrendline from lows

2012-01-22T02:04:00.000+08:00

Greece's Creditors Leave Athens; Talks to Continue

Published: Saturday, 21 Jan 2012
8:47 AM ET Text Size By: Reuters Twitter

The representatives of Greece's private creditors left Athens unexpectedly on Saturday without a deal on a debt swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters.
Scott E. Barbour

Negotiations will continue over the phone during the weekend but it is unlikely that an agreement can be clinched before next week, the sources said, as Athens races against the clock to strike a deal.

A lot of progress has been made on the details of the plan during talks between Athens and Institute of International Finance chief Charles Dallara, sources say, but any deal needs the approval of the IMF and euro zone countries, who insist on a substantial cut in the debt load.

The IMF and EU countries, and in particular the bloc's paymaster Germany, want to make sure the deal puts Greece's derailed finances back on a sustainable track before they agree to a new, 130-billion euro bailout, which is also crucial to avoid a messy default.

The IMF insists the debt swap deal must ensure Greece's debt burden will be cut to 120 percent of GDP by 2020 from 160 percent now, as agreed at an EU summit in October, and has warned that this is made more difficult by the fact that Athens' economic prospects have deteriorated since.

"Things are complicated, we are getting closer on the numbers but there is still quite some work ahead," one source close to the talks said. "Discussions will continue over the phone this weekend but an agreement is unlikely before next week, if there is an agreement at all."

Greek Default Won't Lessen Contagion Risk: StrategistGreece, Creditors Near Debt Swap Deal With 70% LossGreek PM Says Hands Off the European Central Bank

A meeting Monday of euro zone finance ministers will be crucial for the debt swap talks. "We will want to test the waters among member states because given the complex connections between private sector and official funding elements, we have to have the backing of member states for a deal," a senior EU source told Reuters.

"The outcome in terms of achieving the debt-to-GDP target will depend on how the debt sustainability analysis is constructed, which is not a precise science but at most a form of art," the source said.

A new analysis of Greece's debt sustainability could be ready before Monday's Eurogroup, or by mid-week, the source said.

The IIF said on Friday that the elements of the deal were coming into place, adding: "Now is the time to act decisively and seize the opportunity to finalize this historic deal and contribute to the economic stability of Greece, the euro area and the world economy."

The statement seemed to be addressing Greece's official lenders, the EU and the IMF, who have driven a hard bargain behind the scenes of the negotiations, insisting that the deal must slash Greece's debt substantially, sources in Athens said.

"The euro zone ministers will examine the proposal and say whether we have a deal. If they say we don't, we're back to the negotiating table," said a banking source close to the talks.

Private bondholders will likely take a hit of 65 to 70 percent on their holdings, with Greece's new bonds featuring 30-year maturity and a progressive coupon, or interest rate, averaging out at 4 percent, another banking official close to the talks told Reuters.

A 15 percent cash sweetener will be made up of short-term bonds from Europe's temporary bailout fund, the European Financial Stability Facility (EFSF) , two sources told Reuters.

Haggling over the coupon had held up the long-running talks as Greece raced to wrap up an agreement, raising the prospect of a messy default when Athens faces 14.5 billion euros ($18.5 billion) of bond repayments in March.

Copyright 2012 Thomson Reuters. Click for restrictions.

Greek Debt-Swap Accord ‘Coming Into Place’

QBy Marcus Bensasson, Natalie Weeks and Maria Petrakis - Jan 21, 2012 8:17 AM GMT+0800

Business Exchange Buzz up! Digg Print Email Enlarge image

Greek Debt-Swap Deal 'Coming Into Place' Angelos Tzortzinis/Bloomberg

Greece and its private creditors said early today they had made progress during talks in Athens on a debt-swap accord needed to lower the country’s borrowings and clear the way for a second round of international aid.

“The elements of an unprecedented voluntary private-sector involvement are coming into place,” according to an e-mailed statement from Charles Dallara, managing director of the Institute of International Finance, a Washington-based lobby group representing creditors negotiating with the government.

European officials and the nation’s private bondholders agreed in October to implement a 50 percent cut in the face value of Greek debt by voluntarily exchanging outstanding bonds for new securities, with a goal of reducing Greece’s borrowings to 120 percent of gross domestic product by 2020. An accord with bondholders is key to a second financing package for the cash- strapped country, which faces a 14.5 billion-euro ($18.7 billion) bond payment on March 20.

“Now is the time to act decisively and seize the opportunity to finalize this historic deal and contribute to the economic stability of Greece, the euro area and the world economy,” Dallara said in a joint statement with Jean Lemierre, a special adviser to the chairman of BNP Paribas SA. (BNP)

Greek Finance Minister Evangelos Venizelos told reporters in Athens talks will continue later today, after a 4 1/2 hour meeting with the IIF officials and Prime Minister Lucas Papademos broke up about 1 a.m. in Athens. The meeting reconvened late yesterday after Greek officials broke to consult with European Union representatives.

90% Participation

“There’s been significant progress,” Hans Humes, president of Greylock Capital Management and a member of the creditor committee, said in a Bloomberg Television interview yesterday. “There’s broad agreement about the coupons and structural elements.”

The parties are near an initial agreement under which old bonds would be swapped for new 30-year securities carrying a coupon that would begin at 3.1 percent, reach 3.9 percent and go as high as 4.75 percent, Athens-based newspaper Proto Thema reported on its website yesterday, without saying where it got the information.

The two sides, which broke off negotiations on Jan. 13 before resuming them three days ago, have struggled to reach an accord on the coupon and maturity of the new bonds, which would determine losses for investors.

Humes said he’s “cautiously optimistic” the talks will lead to an accord.

Weekend Deal ‘Optimistic’

“If the IIF shake hands with the other side of the table, we will have a 90 percent or higher acceptance rate,” he estimated. He declined to provide details of the discussions.

Marathon Asset Management LP Chief Executive Officer Bruce Richards estimated in a Jan. 17 interview that private creditors were likely to get cash and securities with a market value of about 32 cents per euro of government bonds in the debt accord.

Like Greylock, Marathon, which has $10 billion under management, is on the committee of 32 private creditors formed in November to negotiate with Greece, the International Monetary Fund and the EU. The firms aren’t members of the smaller steering committee directly involved in negotiations.

Questions remain how the two sides can craft a voluntary deal that will provide the debt relief the Greek government requires while attracting enough participation from bondholders. The government has indicated it may submit legislation that would compel full participation from private creditors, a move that would undercut the voluntary nature of any deal and could trigger credit-default swap insurance contracts.

‘Pretty Much Set’

“The financial terms are pretty much set at this point,” Sassan Ghahramani, CEO of SGH Macro Advisors, told Lisa Murphy on Bloomberg Television’s ‘Street Smart’. “The whole holdup now are on legal issues, and I suspect there’s some discussion on this whole collective action clause issue.”

Venizelos said on Jan. 19 that for the final deal to lead to a sustainable level of debt for the country there must be a 100 percent participation rate.

Hedge funds holding Greek bonds may resist the deal, seeking greater profit by getting paid in full, either by the Greek government or by triggering payouts from credit-default swaps. Winning support from banks seeking to limit their losses may be easier than including hedge funds and other speculators who bought securities at distressed levels.

Vega Asset Management LLC resigned from the committee of Greek creditors negotiating the debt swap last month because the Madrid-based hedge fund refused to accept a net present value loss exceeding 50 percent, according to a Dec. 7 e-mail sent to other panel members, which was obtained by Bloomberg News.

Troika Mission

Greek officials also met with the so-called troika mission, which is comprised of European Commission, European Central Bank and IMF representatives, on the new 130 billion-euro financing accord for the country.

The creditors’ steering committee negotiating the debt swap includes representatives from banks and insurers with the largest holdings of Greek government bonds, including National Bank of Greece SA, BNP Paribas SA, Commerzbank AG (CBK), Deutsche Bank AG (DBK), Intesa Sanpaolo SpA (ISP), ING Groep NV (INGA), Allianz SE (ALV) and Axa SA. (CS)

Financial firms on the IIF’s private-creditor investor committee, a larger group of 32 members that includes the smaller steering committee, hold more than 47 billion euros in Greek sovereign debt, according to data compiled by Bloomberg from company reports.

To contact the reporters on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net Maria Petrakis in Athens at mpetrakis@bloomberg.net; Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editors responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net; Jerrold Colten at jcolten@bloomberg.net Craig Stirling at +44-20-7673-2841 or cstirling1@bloomberg.net

21jan2012--see the hangseng hit 20,000 just as i said earlier.look at this chart of mercator with links to BDI,SP500.you will see a clearer picture

2012-01-21T13:09:00.002+08:00

CANT YOU SEE THAT MERCATOR PLUNGE HAS NOTHING TO DO WITH BDI PLUNGING?IT HAS SOMETHING TO DO WITH MERCATOR ITSELF HITTING DOUBLE BOTTOM WITH USA DRYBULK STOCKS GOING TO NEW LOWS.THE PRICE AT WHICH MERCATOR "PRICES ITSELF" BEFORE THE BREAKDOWN IN ALL DRYBULK STOCKS IN JAN2011 WAS 30C,JUST NICE,EXACTLY THE SAME PERCENTAGE TO HIT DOUBLE BOTTOM,70% DECLINE TO USA DRYBULK TO FORM NEW LOWS

WAY WAY UNDERVALUED

19th jan2012-hangseng target 20000 hit for today,game set and match.hsi will "hover" around 20k till next friday,to "have a last 5% surge to 21000,in the same week as sp500's last week(10th or 11th week).REMEMBER MY ALGO-SP500 ALWAYS SURGE IN LAST WEEK AND HIT A FIBO

2012-01-19T15:47:00.002+08:00

AS PREDICTED-

"11JAN2012-ONLY TWO SCENARIOS OF HANGSENG AFTER 20K BEING HIT IN END JAN2012-COME BET!!SHARESWIZARD BET CASE 2 "

今日波幅

: 19,776.320 - 19,956.539

proof-

今日波幅

: 19,776.320 - 19,956.539

hangseng today peak at 19956,very close to my 20k

今日波幅	: 19,776.320 - 19,956.539

16th jan2012-BDI PLUNGE IS NORMAL-WHY I SAY THAT?

2012-01-16T16:34:00.004+08:00

BDI CYCLES

2008
JAN 28 2008 ROSE TILL MAY19 2008:5600 TILL 11700
MAY 19 2008 PLUNGE TILL DEC 5 2008:11700 TILL 660

2009

BECAUSE OF THE HUGE PLUNGE IN 2008,BDI ALREADY STARTED GOING UP IN DECEMBER 2007 FROM 663 TO JUNE 3,2009:4300
JUNE3-SEPT 24 2009:4300 TILL 2163
SEPT 24 2009 TILL NOV19 2009:2163-4661

2010

FEB3,2010-MAY26,2010:2673-4201
MAY26-JUL15,2010:4201-1700
JUL15-SEPT9 2010:1700-2988
OCTOBER 27,2010:START TO PLUNGE FROM 2784

2011

FEB3,2011 TILL MARCH23,2011:1045-1538
MARCH23 TILL APR21,2011:1538-1254
APR21,2011 TILL JUNE3,2011:1254-1489
JUNE3,2011-AUG2 2011:1489-1253
AUG2 2011 - OCT25,2011:1253-2161

AS YOU CAN ALL SEE BDI ALWAYS START CRASH IN OCT/NOV OF A YEAR AND RALLIES FROM FEB-MAY/JUNE OF A YEAR

12jan2012-SHARESWIZARD PREDICT DAY WHEN DRYSHIPS HITS OR BREAK 2.50 WILL BE THE DAY OPERATOR COMES IN FOR MERCATOR-EE6.SI

2012-01-12T17:23:00.001+08:00

---IF THE MANIPULATION PATTERNS ARE REPEATED FROM MARCH 23,2009

TARGET:FRY MERCATOR FROM 12C TO 18C,as drys tgt is 3usd minimum.of course there are updowns in stockmarket.BDI is crashing, i know,BUT all drybulks stocks have fallen IN EXCESS,same of the BDI plunge from 11800 to 1200 now.

STAY TUNED TO THE "MYSTERIOUS POWER".IT SI COMING TO DRYBULKS IN ASIA.

MY PREVIOUS PREDICTION OF THE DAY IS AROUND 3RD WEEK OF JAN TO EARLY FEB DUE TO CHINESE NEW YEAR DISRUPTIONS

12JAN2012-LIGHTNING STRIKE TWICE!!!!!!!!!!2DAYS IN A ROW,SP500 CLOSE AT MY 1292!!!

2012-01-12T13:04:00.001+08:00

S&P 500 Index( .SPX :INDEX)

Source: Exchange

Extended Hours Unavailable

1292.48 USD

Last Trade 0.40 (+0.03%)

01-11-2012

SOURCE:CNBC

DONT TELL ME THURSDAY,FRIDAY ALSO CLOSE AT 1292?????

11JAN2012-REMEMBER MY SP500 TARGET 1292 IN THIS WEEK?????READ THE 8TH JAN 2012 POST.HOW ALGORITHMITIC IS THE STOCKMARKET!!PROGRAMMED BEFOREHAND!!

2012-01-11T16:18:00.000+08:00

REPOST--

Sunday, January 8, 2012

"8JAN2012-SEE THE UNCANNY SIMILARITY OF CHARTS BETWEEN 2 DIFFERENT TIME PERIODS!!I ASK YOU ALL AGAIN-DO NEWS MATTER??DO FUCKAMENTALS MATTER?? "

LOOK AT THE CHART IN THAT POST--SP500 OPENING OF THE LONG CANDLEBODY OF AUG1,2011 WEEKLY CHART IS 1292.
YESTERDAY,10JAN2012,CLOSING OF SP500 WAS ALSO 1292!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AMAZING!!!!

CNBC:

S&P 500 Index( .SPX :INDEX)

Source: Exchange

1292.08 USD

Last Trade 11.38 (+0.89%)

01-10-2012

11JAN2012-ONLY TWO SCENARIOS OF HANGSENG AFTER 20K BEING HIT IN END JAN2012-COME BET!!SHARESWIZARD BET CASE 2

2012-01-11T03:25:00.000+08:00

11JAN2012-SUMMARY OF ALL SP500's UPTRENDS,CONSOLIDATIONS,CORRECTIONS.HOW CAN ANYONE MISS OUT "ALGORITHMIC" TRADING?

2012-01-11T01:18:00.000+08:00

10jan2012-LOOK AT HOW STRONG THE SHANGHAI RALLY IS.REMEMBER I SAID APRIL OR NOV/DEC2012,SHANGHAI WILL HIT 3000-3200??

2012-01-10T14:32:00.000+08:00

LOOK BELOW POSTS FOR PROOF OF MY PREDICTIONS.
OF COURSE I HOPE FOR APRIL 2012 HIT 3000-3200,BUT THEN AGAIN,I AM ALSO SCARED OF A FAILED BREAKOUT(2ND TIME).IF 3200 CLEARS,THEN I DARE SAY ITS ALL THE WAY UP to 4000.
IF failed breakout again,THEN LETS GO STEP BY STEP

9JAN2012-ANOTHER "COINCIDENTAL" TREND!!THIS TIME IN THE HANGSENG

2012-01-09T23:04:00.003+08:00