Last $0.28 SGD
Change Today +0.005 / 1.79%
Volume 437.0K
RMT On Other Exchanges
Symbol
Exchange
Singapore
OTC US
Stuttgart
OTC US
As of 4:04 AM 11/27/14 All times are local (Market data is delayed by at least 15 minutes).

rickmers maritime (RMT) Snapshot

Open
$0.28
Previous Close
$0.28
Day High
$0.28
Day Low
$0.28
52 Week High
05/6/14 - $0.31
52 Week Low
11/27/13 - $0.28
Market Cap
241.5M
Average Volume 10 Days
1.2M
EPS TTM
$0.05
Shares Outstanding
847.4M
EX-Date
11/24/14
P/E TM
4.8x
Dividend
$0.02
Dividend Yield
10.68%
Current Stock Chart for RICKMERS MARITIME (RMT)

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rickmers maritime (RMT) Details

Rickmers Maritime, a business trust, together with its subsidiaries, owns and operates containerships under long-term fixed-rate time charters to container liner companies. The company has a portfolio of 16 containerships with a total capacity of 66,410 TEU. It has operations in Australia, Italy, France, Japan, Korea, and internationally. Rickmers Trust Management Pte. Ltd. serves as the manager of Rickmers Maritime. The company was founded in 2007 and is based in Singapore.

Founded in 2007

rickmers maritime (RMT) Top Compensated Officers

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rickmers maritime (RMT) Key Developments

Rickmers Maritime Announces Distribution, Payable on Dec. 12, 2014

Rickmers Maritime maintained a distribution per unit of 0.60 cents, consistent with previous quarters. The declared distribution will be paid to unitholders on Dec. 12, 2014.

Rickmers Maritime Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Impairment of Goodwill for the Third Quarter of 2014; Provides Earnings Guidance for 2015

Rickmers Maritime announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total income of $35,730,000 compared to $38,201,000 a year ago. Loss before income tax was $53,018,000 compared to profit before income tax of $13,086,000 a yea ago. Net loss after tax was $53,018,000 compared to net profit after tax of $13,086,000 a year ago. Cash flow form operating activities was $22,206,000 compared to $25,881,000 a year ago. EBITDA was $22,845,000 compared to $26,907,000 a year ago. Adjusted EBITDA was $22,877,000 compared to $26,899,000 a year ago. Charter revenue was $33.01 million compared to $36.60 million a year ago. For the nine months, the company reported total income of $115,805,000 compared to $112,020,000 a year ago. Loss before income tax was $27,152,000 compared to profit before income tax of $31,522,000 a yea ago. Net loss after tax was $27,152,000 compared to net profit after tax of $31,522,000 a year ago. Net asset value per unit was $0.58 compared to $0.62 a year ago. EBITDA was $66,653,000 compared to $75,849,000 a year ago. Adjusted EBITDA was $67,559,000 compared to $77,798,000 a year ago. Charter revenue was $98.46 million compared to $107.12 million a year ago. For the quarter, the company reported impairment of goodwill of $18,554,000. Well-positioned with a healthy cash balance of $66.8 million, the company continue to look forward to the expected lift in charter rates and vessel values that should be brought about by the further and gradual improvement in market fundamentals next year. Between now and then, its existing leases will continue to generate ongoing positive cash flow for the Trust, and the VTL covenant waiver that it have secured until the end of 2015 will shield from any adverse fluctuations in vessel values.

Rickmers Maritime, Q3 2014 Earnings Call, Nov 04, 2014

Rickmers Maritime, Q3 2014 Earnings Call, Nov 04, 2014

 

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