Author Topic: Fairfax India new issue  (Read 133712 times)

Lakesider

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Re: Fairfax India new issue
« Reply #290 on: March 29, 2019, 08:08:37 PM »
I don't know anything about the shipping industry but purchasing a tanker company in a country dependent on oil imports seems like a smart move. Hopefully it can expand like Saurashtra.

I think its likely a good time to be investing in the sector, rates have been in a trough over the past couple of years and operators have been taking losses. New deliveries are at a turning point in 2019 and capacity should start decreasing over the next few years, rates have steadied and could continue upwards.  New legislation in 2020 for low sulphur fules will increase the cost of running older ships so scrapping could increase further.

A lot of these tanker operators have been trading at discounts to the liquidation value, hard to tell at first glance but they could have got a very good price.


eclecticvalue

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Re: Fairfax India new issue
« Reply #291 on: March 30, 2019, 02:51:53 PM »
If anyone going to the Fairfax India AGM. Can anyone ask about why U.S. investors can't buy either the OTC or Canadian shares? When will it be fixed.

Spekulatius

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Re: Fairfax India new issue
« Reply #292 on: April 09, 2019, 06:06:55 PM »
Having said that, don't forget there are a heap load of well-run family companies in India to choose from - it's not tricky to create a small basket, or find a fund manager who knows what they're doing.

Can you name some examples of well run family business conglomerates?
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