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Bullboard - Stock Discussion Forum Algoma Central Corp. T.ALC

Alternate Symbol(s):  T.ALC.DB.A | AGMJF

Algoma Central Corp owns and operates the fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean SelfUnloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.

The Market Herald Price Sensitive
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RE:RE:RE:up

Perhaps a couple of these could be phrased as questions and asked at the up-coming AGM?  Would be worthwhile to hear management feedback on a couple of these topics.  rate and reply

RE:RE:up

Oh they know. The stock does suffer from lack of liquidity and size so most mutual funds will give it a pass. Even holding it in my TD Waterhouse account gives me limited margin as the powers that be...read more

RE:up

I honestly do not know why this stock isn't $ 25. plus. Extremely well run, great balance sheet, prints money, 4% dividend and yet it trades between a real narrow band. i guess it's not sexy...read more

up

The ONLY stock I own that is up today is ALC.  Moving stuff by ship or train costs 1/10th of what it costs by truck, so when oil is high...  rate and reply

RE:Zzzzzzz

This is a dividend growth stock where you don't pay any premium for growth. But management has always returned excess cash to shareholders so I look at the current yield as the earnings yield or...read more

RE:RE:RE:Dividend Increase?

I'd imagine there will be some sort of capital return announced next quarter.  If you're interested in quarterly results they are avialable on sedar.com.  They have to do something...read more

RE:RE:Dividend Increase?

Well nothing about a dividend increase. Surprising since they have not bought any shares in months. They don't break the 4q results down and only provide full year which is annoying. Quarterly...read more

RE:Dividend Increase?

Produces a lot of free cash flow.  Likely that more cash will be returned to shareholders going forward.  Should be interesting to see!  They used to wait until Summer to announce...read more

Dividend Increase?

Added more today at $17 ahead of the earnings report on Monday. The quarterly dividend has remained at 0.17 for the last six quarters which is uncharacteristic of the pattern of recent years when the...read more

RE:EAF transition

OOps, wrong Algoma!!!!  rate and reply

EAF transition

Transition timeline with creditable supplier. Algoma Steel Awards Contract to GE to Provide Gas Turbines to Support Power Requirements of Electric Arc Steelmaking Transition ...read more

RE:RE:RE:Todays Close

Np.  In return you can answer me this question.  What do you think company will do with all of it's cash over the next couple of years?  rate and reply

RE:RE:Todays Close

Thor - Your explanation makes total sense.  Thanks for taking the time to post an explanation.  rate and reply

RE:Todays Close

lucky! :)   The bid's posted in general show TSX bid / ask.  Were you filled on one of the alternative exchanges perhaps?  rate and reply

Todays Close

3:45 PM bid sits at $17.81 for a small amount of shares,  Submitted a sell order for 1,000 shares @ $17,95. Sold within seconds fetching .14 cents over the top bid. Undisciplined trader...read more

RE:RE:Zzzzzzz

No. It's already run like it's a private company so why would the controlling shareholders bother? Maybe if someone like CN or CP decided to get into shipping but they're too busy with...read more

RE:Zzzzzzz

Right?? :) Do you suspect it will be taken private anytime soon?  rate and reply

Zzzzzzz

Why is this company public? Would anyone notice if it wasn't?  No insider transactions for years. Options and "plans" for mgmt don't count. 1X book, PE is 8, yield is 4%. And...read more

RE:RE:RE:RE:RE:RE:RE:RE:Dividend Increase and special dividend tomorrow!!!

Ships are gone but it looks like we are in for a mild winter and the seaway will open early. Again. Nothin to do but collect the divy for now.  rate and reply

RE:RE:RE:RE:RE:RE:RE:Dividend Increase and special dividend tomorrow!!!

Still a half dozen or more big ships at anchor of port Dalhousie. No sign of winter at this end of the lake. +13 today. Hit +20 briefly Saturday.   rate and reply