SST 0.36% $13.80 steamships trading company limited

a great company you've never heard of, page-3

  1. 3,623 Posts.
    lightbulb Created with Sketch. 485
    Just had a look @ company financials for last year... Not looking good TBH

    Logistics division has dropped profits BIG time over the last 2 years, and about to do the same again! The problem is this time, the hotels division can't put a rabbit out of the hat, as it did last year...
    To make matters worse, this won't change until the Dry-Docking program slows down, which by the sounds of things is due to happen in 2015! Another two years of lower profits - ouch.

    Anything less than a 15% profit drop and I'll be VERY surprised.

    Anyway, thought I'd share my findings - that's me, out.
 
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