SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Hvide Marine HMAR - High Growth, Undervalued
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robert Floyd who wrote (417)7/30/1998 12:10:00 PM
From: Grommit  Read Replies (1) of 547
 
Conf Call notes:

I just took a few notes.
GOM is the pits.
- 29 supply vessles
-- ave dayrate $8214 and util at 80%
-- that is down $260 and was 86%
-- current situation is $7380 and 60%
-- 40% idle * 29 must be 11-12 boats idle (my calculation)
-- new business is $6000 for shallow boats
-- deep boats still at $9000. at yearend, with 3 more deepies, they will have 7 deep supply boats in the gulf. fully utilized. they want 1/3 deepies by Q2-99.

- crew boats
-- util from 89% (Q1) to 90% (Q2) but now is 80%

rest of world is OK. will delay expenses by stop drydocking of idle boats and will redeploy to other location from GOM, if possible.

EPS guidance: They said there is as wide divergence of views from the analysts as they have ever seen. They are most comfortable with the low end, but did not specify a number. I get a range from yahoo of $1.55 to 2.81 from this year. YTD is .93. So it that .62 for the 2nd half?

I sold the balance of my shares.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News