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| Discuss Shipping Stocks at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Can someone please explain why the price of Mercator Lines has fallen from around ... |
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#1
2nd February 2006, 11:08 AM
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Shipping Stocks
Hi
Can someone please explain why the price of Mercator Lines has fallen from around Rs.152/- to Rs.56/- in a single day? It is a good company and the prospects of the shipping sector are bright as well. Thanks 
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#2
2nd February 2006, 05:13 PM
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Re: Shipping Stocks
Quote:
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#4
31st March 2007, 01:14 PM
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Re: Shipping Stocks
Hello,
Is it a good buy today - Mercator Lines at this price of 36 Rs. around? Please advise, also advise with yourviews on Shreyas shipping. Thanks. Sweety
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#5
31st March 2007, 02:41 PM
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Re: Shipping Stocks
I bought Shreyas Shipping at 106.00.It is trading at high volumes.It is recommended by K.R.Choksey.
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#7
31st March 2007, 09:48 PM
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Re: Shipping Stocks
hello friends,
I would not recommend you to buy shipping stocks currently as the freight rates of shipping companies are typically at their lowest from April to October and for sure these stocks will come down. I can tell you this with sureity as I am working in a major shipping company in London in the commercial department and track shipping rates etc on a daily basis. Rest is your call. It is just my advice to this trading community from whom I have myself learnt a lot. Cheers Nitin
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#9
1st April 2007, 01:05 AM
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Re: Shipping Stocks
Sweetys,
Market rates for shipping companies have been very much lower this year as compared to last year. Profits as shown by companies will be very much lower for fy06 as compared to fy05 as fuel costs have been higher and freight rates lower. In any case, the time frame from april to October are always weak periods for the shipping industry due to lower demand in the major freight markets around the world. Thus my explanation to keep away from shipping stocks. However, if u compare shipping industry 3rd quarter and 4th quarter profits, then 4th quarter profits will be marginally higher as fuel costs have been lower in the fourth quarter. Hope this explanation is of some use to you.
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