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Non-Tech : Shipping - Oil & Gas Tankers, Dry cargo, LNG
GLNG 38.10+2.8%Dec 19 3:59 PM EST
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To: Julius Wong who wrote (2399)12/27/2023 10:50:18 AM
From: Paul Senior  Read Replies (1) of 2670
 
IMPP. Ah the headman dumps two of his ships into his company using company cash to pay him. Older ships not on charter. The market says this is not so great. The company still could be cheap though on an asset basis if those ships are somewhat close to fair value. My data shows stock way under tangible book value. Might mean nothing or that my data is outdated. I will ride IMPP for a while to see what happens. Most very small position.
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