I tripped over this upcoming Float on the Main List recently and wanted to have a look in more detail. Global Ports Holdings is a business which operates Ports for Cruise Liners, Ferries and Yachts across 14 Ports in 8 Countries and you can find their website here:
http://www.globalports.com.tr/index.php This chunk of text from their ‘About Us’ dropdown menu gives a good summary of what they do:
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If you ever get involved in writing ‘stuff’ then you will probably recognise the quandary I often find myself in where I decide I want to get a Blog Draft written but I am not really sure what to write it about and although I have a long list of potential Blogs with high-level ‘outlines’, it is often the case that none of them really get me inspired. If there is such a lack of desire to put Fingers to Keyboard, then writing them can be a bit tedious and it probably doesn’t produce my best work (or even anything worth reading !!).
In the main I think I have been quite fortunate - possibly because I try to keep pressure off myself and I don’t do things like Charging for Website Access which would make me feel obliged to do stuff and it would be a bit too much like ‘Work’, and it is very rare that I write a Blog and actually find it tedious. In fact, the only one I can recall where this happened was that awful one on Hedging - I remember starting it with bold plans and then getting really bogged down and lacking any enthusiasm for it. In the end it just got released as an “over to you lot, I am so fed up with this” kind of thing and I know it wasn’t my finest hour…..(more like 60 hours was how it felt). An Unexpected Danger during the Credit Crunch
This section is a word of warning and something to be aware of. It has only happened to me once, during the Credit Crunch, but it was really very, very, unpleasant. What happened was that my Spreadbet Companies changed their Margin Rates as the turmoil in Markets occurred. It is easiest to explain this with an imaginary scenario - let’s say the Margin Requirement was 10% of my Portfolio and I had £200,000 of Exposure. This would mean that my Initial Margin Requirement was £20,000, so I had to have AT LEAST that amount of money just tied up in the Account as Margin (Deposit) to keep the Positions open. Now, let’s imagine the Spreadbet Company increased the Margin Requirement to 20% - this would mean I now needed £40,000 or they would close down some of my Positions until the Exposure fell back enough and the Cash rose enough to get back into balance. THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
Right, as ever, a strange start to a WheelieBlog. I am writing this on Friday Night (23rd Jan) and I had previously produced a Draft of this Text under the impression that HSS Hire did not look all that attractive as a Buy at the IPO. Then a few days ago, things changed because the IPO Market Capitalisation tumbled from £600m to just over £400m at the Top End of the announced Price Range - 210p to 262p. This obviously got me a lot more interested and my intention was to have a Deep Dig into the Numbers and stuff. Anyway, some superb detective work by Aston Girl (@reb40) on Twitter, aided by her CFO Accountant Friend, flagged up that the Company has been Loss Making for several years (this is really down to lots of recurring ‘One-off’ Items !!) and that has put me right off it. Huge thanks to Aston Girl and her Friend - a great example of how Collaboration can help everyone. |
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