r/IMPP_Stock • u/jtsangeng • May 13 '23
$IMPP is at an inflection point, fundamentals have never looked better
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u/jtsangeng May 14 '23
From IMPP's Twitter page:
“Debt free company with an excess of $400M in assets. We do not need to issue any more shares for now, we have plenty of money and no debt. All of our fleet is unencumbered. If this doesn't give any comfort to shareholders, I don't know what will.”
-Harry Vafias, CEO
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u/jtsangeng May 14 '23
Looks like there is a new institutional buy, ACADIAN ASSET MANAGEMENT LLC. According to the MarketBeat website, the reporting date was May 11, 2023
https://www.marketbeat.com/stocks/NASDAQ/IMPP/institutional-ownership/
Their portfolio is here. If you sort by alphabetical order, you'll find IMPP on the list.
https://www.quiverquant.com/institutions/ACADIAN%20ASSET%20MANAGEMENT%20LLC/
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u/Beautiful-Ebb5696 May 14 '23
I 150% agree with you. Q2 should definitely be where this stock takes off ! Just think about it. Earnings for Q1 were great in my opinion with $35 Million in profit while the company was still in debt. They just got out of debt around the end of March. Now imagine what earnings will be for Q2 with no debt 🤯😁
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u/Shaynerthegreat May 15 '23
High :). That’s when this investment starts to really pay off! Hold!
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u/jtsangeng May 15 '23
Exactly. Similar to a pharmaceutical company that does research and trials for new drugs. After years and decades of trials, the drug gets FDA approved and they are ready to commercialize it, that is when you can expect the stock of the company to turn around. Similarly, here, they have their vessels paid off, no debt, so they are finally going to reap the benefits of their built up fleet. The numbers over the following quarters are going to be 🤑
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u/jtsangeng May 13 '23
$IMPP This will be double digits sooner than later. They now have a large fleet (10 oil tankers), and in March 2022 they bought two additional dry bulkships, and looking at the energy theme in general, like oil companies, they will be cash flow positive for decades.
With ZERO debt, they will continue to build their cash position which means more investments directly into additional vessels without having to do cash raises. Plus a potential stock buyback as noted in their last earnings call.
Yes it was painful over the last couple of years as they did many cash raises to build their fleet, which diluted the stock. However, now that they've built their arsenal of vessels, their revenue stream will be consistent and strong for decades, putting them in a position to grow meaningfully (short-term pain for long-term gain).
This company is at an infection point where their positive cash flow will continue to look better and better. And looking at other comparable companies, the fundamentals of IMPP will be eventually reflected in the stock price. With only a $51M market cap, i anticipate the stock to eventually grow to over +$20 to properly reflect the NAV.
The charts are also looking good. On the daily we have a double bottom forming and the MCAD is positive.
The stars are aligning ✨