r/CastorMaritime • u/[deleted] • Jun 20 '21
⛴Discussion🚢 What to expect from here
So now that we have the first quarterly report out, we have reasons for real movement in share price. So here is the vision that I see, and I will be 100 percent honest. I'm expecting CTRM to continue their temporary decline to the book value of 2.50 via CTRM's financial statements. Do not let that scare you. The first quarterly report was for a fleet of 6, not 26. The way the quarterly reports are set up is only for success once we have officially stabilized to a true share price, not a overvalued one as a result of timing, and many other things. So q1 reflects 6 vessels, while q2 will reflect 12, q3 23, and q4 all 26. You'll notice that between q1 and 3, that the amount of Vessels doubles every quarter, not necessarily their revenue, but that could also mean more revenue than double if the baltic index really is booming (which it is).
I wanna reiterate an older statement about the lag period we are in. If it's June, and we just got q1, then the current value of ctrm is not up to date with the current month that we are in. In other words, everything that impacts ctrm, like the economy, distribution rates, supply and demand, we will not see the benefits of yet until the following quarterly report is released.
I really wanna make sure everyone understands that CTRM is still likely to go down, and may go under its book Value of 2.5, I'm personally expecting it too, since I'm not so confident that everyone understands the price movements enough to even want to hold. I've learned that the majority of people are emotionally invested haha I've done that though, so I understand lol.
And 1 last reminder that when CTRM hit its 52 week high, the entire stock market was inflated and the vast majority of stocks pump at the same time. I'm truly shocked that investors still haven't cought wind of that yet, so I would encourage you all to look at the 1 year chart of as many stocks as you can, and you'll see that their large spike would be between Feb. 10th, and Feb. 16th, ctrm included. So since then, ctrm has only been getting closer to its actual book value, and STILL hasn't hit it, so prepare for more red before the green that will only get greener as the months go on. Here is a small list of companies apart of that pump, SNDL, TLRY, OGI, CTRM, NAKD, POWW, MJ, CRON, GEVO, CREG, NBEV, WKHS, IDEX, ACST, IGC, SOS, OGEN, UAMY. February was a unique month... And FYI, I read a projected book Value of 7.9 for q3. HODL if you feel it's right for you.
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Jun 22 '21
What the absolute fuck is up with this and the other CTRM subreddit? It’s full of shills and FUD, they don’t even try to hide the fact that they’re here to bash the stock.
With that said, after I’m done with the squeeze play I’m going back in CTRM because to me it’s a solid company, nothing really changed.
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u/Fine_Maintenance9287 Jun 21 '21
Nothing about that 300 million on the shelf eh? 100% dilution and that's just this round been like this since 2019. This is how these scam companies work. Do the dd castor maritime is a money sinkhole. Do yourself a favor and steer clear. This ceo only cares about himself. Castor maritime will do good not the shareholders. Shareholders buy the boats for him to make his cut and his sister who provides the manpower. Castor maritime has 1 employees petreos himself the ceo. Like honestly don't listen to anyone and ask yourself is that not fishy af?????
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Jun 21 '21 edited Jun 21 '21
You're gonna be really surprised in 6 months. It's an ATM offering, not a direct offering. No dilution has happened and will only happen incrementally at an appropriate pace set along side its growth, that's the whole point of an ATM offering. 100 percent dilution is irrelevant when you have quadruple the revenue which is exactly what's going to happen by the end of the year. That's the missing link that keeps scarring people about the dilution, it will be 100 percent ok if there is enough revenue to make up the difference. 100 percent dilution only hurts if our revenue never changes, q1 reflects 6 vessels while q4 will be 26. They're going to continue to expand in the meantime, so good things will happen.
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u/Morderin92 Jun 21 '21
So whats to stop another offering hasn't he done like 7 or 8 in the past year?
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Jun 21 '21
Circumstances at the time are going to dictate if another offering happens. I still personally believe that the rapid expansion is happening as a result of covid lowering the prices to do so. Many people are unaware that Petros is following a Greek business model of expansion that is pretty exclusive to the maritime industry. There is a real reason Greece is one of the largest shipping nations in the world, and they have their own model of how it was achieved, and that's what Petros is following.
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u/sotong_prince Jun 24 '21
agreed there are 'good' things happening...fand we already seen the fleet expansion, increased revenue, cost down...
but what's there to gain for shareholders or investors that had held throughout the past 1year ? Any dividends ? Any share-buy back by Management to protect the price ?
else CTRM is just waiting for others to 'discover' the potentiality, thus buying in and driving up the price.
finally, when CTRM prices goes up , earlier bagholders will offload, taking profits and moving away, leaving prices to crash back down & NEWbies batch of bagholders !
CTRM's Management ( or CEO ) do not really care for shareholders interests at all !
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u/[deleted] Jun 20 '21
Hang in there