The Razor’s Edge is an investing podcast that combines a prop trader’s viewpoint and deep-dive fundamental research to provide a unique take on the markets. The show is co-hosted by Akram’s Razor, a trader, tech enthusiast, meat lover, Marvel fanboy, battle tested activist short-seller and humble market servant, and by Daniel Shvartsman, VP of Content at Investing.com and someone who has seen thousands of investing pitches and ideas and how they play out over the past decade. The duo start with a theme or idea from Akram’s investing, then break it down to understand what goes into the idea, what could go wrong, and what else investors and traders need to know. They also interview industry leaders, executives, and other investors to get a wider perspective. The show has thousands of listeners around the world.
Episodes
Thursday Jan 16, 2020
Thursday Jan 16, 2020
As part of the first ever Virtual Investor Forum on Value Investor's Edge, J Mintzmyer spoke with Anthony Gurnee and Paul Tivnan, CEO and CFO of Ardmore Shipping, about the MR product markets and IMO 2020 implementation. We discussed company specifics as well including earnings potential and capital allocation priorities. Topics Covered 2:10 minute mark - Start of discussion: Overall market impacts, any surprises? 3:35 - Are the markets topped out or room to rise further? 4:55 - What are the economics of an MR scrubber? 8:25 - Are your ships ‘eco’ specs? Fuel savings? 9:15 - Life expectancy of product tankers and your fleet? 10:55 - What sort of discount do older ships earn in today’s market? 12:10 - Are you seeing strong rates in handysize ships? 14:10 - Have you seen new routes developing? 16:40 - Any direct signs of fuel contamination? 20:55 - What sort of storage demand have you been seeing? 21: 55 - What indexes should investors be watching to gauge rates? 24:35 - Have you hedged any of your fuel costs? 25:55 - Current earnings and dividends at $20-$25k TCE? 27:10 - Impact of Middle East tensions? 29:35 - What are your current capital allocation priorities? 30:25 - Any newbuild or secondhand interest? Upside to assets? 34:25 - Any merger & acquisition opportunities in this market? 36:10 - Are investors missing anything in the market?
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