Algoma Central Corp T.ALC

Alternate Symbol(s): AGMJF

Industrials

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 producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services.

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Algoma Central Corp > Are we expecting..

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Comment by Thor16on Jan 08, 2024 7:29pm

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Post# 35816624

RE:RE:RE:Are we expecting..

Good, as there may very well be an additional ~4.5 million shares issued shortly :)

Between the recent capex (fleet investment in new ships and JV) and potential dilution event I don't know what the appetite to pay much cash out would be. FCF numbers in the annual report will be telling. Maybe a 1 penny raise in the quarterly however I don't know that I'd except or want much other than that.

That all said in the years ahead the FCF numbers could be impressive. Even more so compared to years previous when it hit around 4 dollars per share if memory serves.

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