Author Topic: SSW - Seaspan  (Read 138580 times)

zippy1

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Re: SSW - Seaspan
« Reply #360 on: January 04, 2013, 01:38:45 PM »
JEast,

          It should be me thanking you for this idea that works out so beautifully.

           Zippy...


JEast

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Re: SSW - Seaspan
« Reply #361 on: January 15, 2013, 07:09:18 PM »
Another report on the recent rumor of five (5) new ships to be chartered by Yang Ming Marine and built by South Korea's Hyundai Heavy Industries.  At $120m each for the 14k TEU ships, the cheapest purchase price I recall in sometime for container vessels.

http://www.reuters.com/article/2013/01/16/hyundaiheavy-seaspan-order-idUSL4N0AL0C120130116?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43

Cheers
JEast

JEast

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Re: SSW - Seaspan
« Reply #362 on: January 23, 2013, 05:53:30 AM »
SSW goes on a spending spree.  Eight (8) more ships, four new construction and 4 second hand containerships.

http://finance.yahoo.com/news/seaspan-signs-newbuilding-contracts-fuel-133000748.html

Cheers
JEast

Uccmal

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Re: SSW - Seaspan
« Reply #363 on: January 29, 2013, 04:54:09 PM »
Hey Jeast,

Another article... Probably says the same thing:
http://www.bloomberg.com/news/2013-01-29/seaspan-may-buy-15-more-ships-as-prices-hit-4-year-low.html

I need to spend some time catching up on this one when the 10 k comes out.  I have sort of ignored it and just collected the dividends for the last year.
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JEast

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Re: SSW - Seaspan
« Reply #364 on: January 30, 2013, 02:03:34 PM »
As a foreign equity, they file a 20-F on EDGAR and in the past they have filed around the end of March.

These guys continue to surprise.  If I only knew the management better and the supporting cast back in 2008-09 I would have gone much bigger than I did.  Even after the run-up and all those dividends paid, the company is in better shape today than since the IPO.  Look for an increased dividend in the May, or sooner.

Cheers
JEast

zippy1

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Re: SSW - Seaspan
« Reply #365 on: March 06, 2013, 04:54:30 AM »
Yearend result out. Up dividend by 25%.
Quote
In March 2013, Seaspan's board of directors approved a 25.0% increase in the quarterly common share dividend to $0.3125 per share, which dividend will be subsequently declared for the quarter ending March 31, 2013. This $0.0625 per share increase to Seaspan's quarterly common share dividend represents the fourth increase since March 31, 2010 for an aggregate increase of 212.5%. Seaspan expects common share dividends for the four quarters ending December 31, 2013 to total $1.25 per share.

http://seekingalpha.com/news-article/5842701-seaspan-reports-financial-results-for-the-quarter-and-year-ended-december-31-2012?source=email_portfolio&ifp=0

Uccmal

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Re: SSW - Seaspan
« Reply #366 on: March 06, 2013, 05:05:39 AM »
Thanks Zippy.

As a foreign equity, they file a 20-F on EDGAR and in the past they have filed around the end of March.

These guys continue to surprise.  If I only knew the management better and the supporting cast back in 2008-09 I would have gone much bigger than I did.  Even after the run-up and all those dividends paid, the company is in better shape today than since the IPO.  Look for an increased dividend in the May, or sooner.

Cheers
JEast

Yeah well, me too.  Hindsight is 20/20.  Irwin Michael must be thrilled.  He has held since the IPO.
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Phaceliacapital

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Re: SSW - Seaspan
« Reply #367 on: March 06, 2013, 05:46:05 AM »
Thoughts on Diana shipping (US) and CMB (belgium)?

Haven't gone through the thread here but think it's an interesting business so will try to read up.
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LC

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Re: SSW - Seaspan
« Reply #368 on: March 06, 2013, 06:28:08 AM »
Thoughts on Diana shipping (US) and CMB (belgium)?

Haven't gone through the thread here but think it's an interesting business so will try to read up.

I looked at Diana shipping before...the numbers are good but there are so many cheap shipping companies out there that I want to do a more comparative analysis. There are two Greek shipping companies (Danaos Corp, Navios Maritime) that I am looking at side-by-side. They're just so cheap I feel they deserve some analysis.
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Uccmal

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Re: SSW - Seaspan
« Reply #369 on: March 06, 2013, 07:19:27 AM »
I have looked at several and none has the same model as SSW. 

None is remotely as well run. 

Diana, Overseas SH, Genco, and a few others.  All are totally dependent on spot rates. 

SSW is more like a REIT. 

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