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Bullboard - Stock Discussion Forum Algoma Central Corp T.ALC

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

Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriers’, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Company’s 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate... see more

Bullboard (TSX:ALC)

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Comment by Thor16on Aug 05, 2022 1:32pm

RE:RE:RE:RE:RE:August 5th is the next date

Haha right?  They are old school with their releases.  Still halt during trading hours etc.  I always become optomistic there will be a privitization announcement or something ...more  
Comment by McRambuson Aug 05, 2022 9:37am

RE:RE:RE:RE:August 5th is the next date

And on another note, which company releases earnings after market close on a FRIDAY? Very strange, rarely see this and never a good sign when the earnings come out when no one is looking. 
Comment by McRambuson Aug 05, 2022 9:01am

RE:RE:RE:August 5th is the next date

Can you explain this in more detail? The conversion price is $21.15 and the stock price is nowhere near that. At some point before June 2024 they will either have to come up with cash to redeem or pay ...more  
Comment by Thor16on Aug 03, 2022 7:05pm

RE:RE:August 5th is the next date

If you look at the debenture conversion price it may not be in the best interest of the company at this point to achieve a higher stock price.  If cash were to be paid out it would also alter the ...more  
Comment by DanGood38on Aug 02, 2022 10:07pm

RE:August 5th is the next date

I think you have to get a pretty lady to shake the dice for you on this one. I'm pretty sure the quarter will look good and the dividend boost is a necessity to get a boost in the stock.
Post by Investorguy1234on Aug 02, 2022 10:31am

August 5th is the next date

I for one will think that they will produce a solid quarter and announce a dividend increase. 
Comment by Thor16on Apr 27, 2022 11:27am

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.
Comment by DanGood38on Apr 26, 2022 10:54am

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 ...more  
Comment by Investorguy1234on Apr 26, 2022 10:42am

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 ...more  
Post by stockpunteron Apr 25, 2022 12:51pm

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...
Comment by DanGood38on Mar 03, 2022 11:18am

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 ...more  
Comment by Thor16on Feb 28, 2022 9:23am

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 ...more  
Comment by McRambuson Feb 28, 2022 8:18am

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 ...more  
Comment by Thor16on Feb 23, 2022 12:25pm

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 ...more  
Post by rustybladeson Feb 23, 2022 12:16pm

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 ...more  
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