- Yield = 10.73%
- Price-to-book Ratio = 0.387
- Assets per unit = $1.403
- Debt per unit = $0.693 (including current liabilities)
- Gearing = 49.7%
Rickmer Maritime Trust has fallen to $0.275 which somehow caught my attention and thus I write this blog on it. It look promising but you have to see the history.
Yield is at a high of 10.73% which seems good. Moreover, if you are an investor and you participated in their DRP, you would have gotten units which are priced at 10% discount, thus pushing the yield higher at 11+%. Its price-to-book ratio is super low at 0.387 although I wonder when they revalue their ships. Gearing is still dropping and currently at 49.7%.
Two things caught my eyes in their presentation. Firstly is the drop in their average charter rate which means their revenue will drop. Secondly, is the rise in average charter rate in general. Thus, the two lines are currently closing on each other. This means the next few quarters are going to be interesting as it is going to reflect the exact situation of the trusts and whether it can be sustained.
Just looking and see whether there is a chance to turn around. If there is, I will enter and wait for the turn around to reap the rewards. 11% yield seem attractive.
Yield is at a high of 10.73% which seems good. Moreover, if you are an investor and you participated in their DRP, you would have gotten units which are priced at 10% discount, thus pushing the yield higher at 11+%. Its price-to-book ratio is super low at 0.387 although I wonder when they revalue their ships. Gearing is still dropping and currently at 49.7%.
Two things caught my eyes in their presentation. Firstly is the drop in their average charter rate which means their revenue will drop. Secondly, is the rise in average charter rate in general. Thus, the two lines are currently closing on each other. This means the next few quarters are going to be interesting as it is going to reflect the exact situation of the trusts and whether it can be sustained.
Just looking and see whether there is a chance to turn around. If there is, I will enter and wait for the turn around to reap the rewards. 11% yield seem attractive.
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